EIN 94-3141603

Community Development Corp of LC

IRS 501(c) type
501(c)(3)
Num. employees
24
City
Newport
State
Year formed
1991
Most recent tax filings
2023-12-01
Description
CDC of LC preserves, constructs, & rehabilitates affordable housing in Lincoln County and manages Spyglass Ridge Apartments partnership.
Also known as...
Northwest Coastal Housing; Lincoln County Development Corporation
Total revenues
$9,132,984
2023
Total expenses
$2,083,830
2023
Total assets
$21,812,825
2023
Num. employees
24
2023

Program areas at Community Development Corp of LC

Affordable Housing program preserves, constructs and rehabilitates Housing units in lincoln county, Oregon to provide rental and home ownership opportunities for those who cannot afford market rate Housing. Nwch advocates for, develops and manages safe, decent shelter for low-income families, individuals recovering from mental illness and drug or alcohol addictions, veterans, and supported Housing for developmentally disabled people. Nwch also provides resident services including health and nutrition workshops, Community gardens, kid's club, social activities and referrals, conflict resolution services, plus first-time homebuyer classes, and financial fitness education. Yaquina breeze apartments in newport, Oregon offer 9 units of supportive Housing for persons with mental health issues including ptsd disabilities and drug/alcohol addictions, earning less than 50% of area family adjusted gross income. Resident services are provided by lincoln county health and human services department. Golden eagle ii in tillamook Oregon offers 32 apartments for seniors and low-income individuals and families and was acquired in 2021. Coastal phoenix rising in lincoln city Oregon offers 38 units to homeowners displaced due to unforeseen events such as wildfires as well as those in need of shelter and/or referred by area agencies. This former hotel was acquired in 2021 and is now used as a shelter. Nate's place was acquired in 2023 and is currently Housing homeless individuals with substance use disorders referred by reconnections counseling. Nwch is currently working on 4 additional Housing projects in lincoln county, Oregon.
Spyglass ridge lp is a partnership formed to acquire, rehabilitate, and operate an 80 unit apartment complex known as spyglass ridge apartments (the ridge) located in lincoln city, Oregon. The ridge rents all of its units to low-income individuals and families and is operated in a manner necessary to qualify for low-income Housing tax credits as provided under section 42 of the internal revenue code. The ridge shall continue in perpetuity and is subject to u.s. department of Housing and urban Development (hud) provisions, laws and regulations for the term of its hud insured loan. As noted above, the ridge provides 80 units of affordable family Housing with 72 units at 60%, 6 units at 50% or less of the area family adjusted median gross income. Nwch offers resident services at the ridge.

Who funds Community Development Corp of LC

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Meyer Memorial Trust (MMT)For General Operating Support of This Organization Working To Provide Affordable Housing, Community Development and Related Services in Lincoln County$80,000
Meyer Memorial Trust (MMT)To Support Increased Capacity in Asset Management and Housing Development in Lincoln and Tillamook Counties$69,500
Good Samaritan Regional Medical CenterHousing Support for Low Income Oregon Coastal Residents$54,000
...and 3 more grants received

Personnel at Community Development Corp of LC

NameTitleCompensation
Sheila StileyExecutive Director$80,406
Trevor BrittsanPresident$0
Michael SmithTreasurer$0
Sandy BattlesSecretary$0
Steve BeckPresident / Director$0
...and 2 more key personnel

Financials for Community Development Corp of LC

RevenuesFYE 12/2023
Total grants, contributions, etc.$7,716,994
Program services$1,410,271
Investment income and dividends$5,430
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-305
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$594
Total revenues$9,132,984

Form 990s for Community Development Corp of LC

Fiscal year endingDate received by IRSFormPDF link
2023-122024-07-16990View PDF
2022-122023-08-21990View PDF
2021-122022-04-27990View PDF
2020-122021-05-21990View PDF
2019-122020-09-22990View PDF
...and 9 more Form 990s
Data update history
September 1, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 18, 2024
Received grants
Identified 2 new grant, including a grant for $80,000 from Meyer Memorial Trust (MMT)
December 31, 2023
Received grants
Identified 3 new grant, including a grant for $54,000 from Good Samaritan Regional Medical Center
September 30, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 22, 2023
Received grants
Identified 5 new grant, including a grant for $3,425,300 from The Oregon Community Foundation
Nonprofit Types
Housing and shelter organizationsCharities
Issues
Human servicesCommunity improvementHousing
Characteristics
State / local levelReceives government fundingManagement and technical assistanceTax deductible donationsAccepts online donations
General information
Address
PO Box 1457
Newport, OR 97365
County
Lincoln County, OR
Website URL
nwcoastalhousing.org/ 
Phone
(541) 574-0320
IRS details
EIN
94-3141603
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1991
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L20: Housing Development, Construction, Management
NAICS code, primary
62422: Community Housing Services
Parent/child status
Independent
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