2024-11-15T13:18:26-06:00 2023-12-31 930396435 KERNUTT STOKES LLP 1777 SW CHANDLER AVE SUITE 280 BEND OR 97702 990 2023-01-01 471089244 KOR COMMUNITY LAND TRUST DBA ROOTEDHOMES KORC 5412471244 150 NE HAWTHORNE AVENUE STE 110 BEND OR 97701 JACQUELYN KEOGH EXECUTIVE DIRECTOR 5412471244 2024-11-14 1 1 TREVER E CAMPBELL P01643908 5417494020 2024-11-13 2023 2024-10-15 13:58:12Z JACQUELYN KEOGH 150 NE HAWTHORNE AVENUE STE 110 BEND OR 97701 4652604 0 X ROOTEDHOMES.ORG X 2014 OR TO PROVIDE ENVIRONMENTALLY SUSTAINABLE AND PERMANENTLY AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES FOR THOSE WHO CONTRIBUTE TO THE FABRIC OF THE CENTRAL OREGON ECONOMY AND COMMUNITY. 12 12 7 20 0 0 761936 3173307 23383 1429008 502 1914 57225 26097 843046 4630326 0 0 0 0 285927 446214 0 0 29309 123292 2171710 409219 2617924 433827 2012402 2954365 6338463 1660390 3024444 1293975 3314019 X KOR COMMUNITY LAND TRUST PROVIDES ENVIRONMENTALLY SUSTAINABLE AND PERMANENTLY AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES FOR THOSE WHO CONTRIBUTE TO THE FABRIC OF THE CENTRAL OREGON ECONOMY AND COMMUNITY. 0 0 2410007 1422883 IN 2023, NON-PROFIT AFFORDABLE HOMEOWNERSHIP DEVELOPER KOR COMMUNITY LAND TRUST REBRANDED TO ROOTEDHOMES. THE REBRAND MATCHED THE ORGANIZATION'S GROWTH AS IT HAS NOT ONLY EXPANDED THE NUMBER OF HOMES BUILT IN CENTRAL OREGON BUT ALSO CENTERED ITS HOMEBUYERS' NEEDS IN THE ORGANIZATION. ROOTEDHOMES' AFFORDABLE AND SUSTAINABLE HOMES ROOT HOMEBUYERS TO THE CENTRAL OREGON COMMUNITY AND NOW ITS BRAND DOES TOO.THIS YEAR, ROOTEDHOMES WELCOMED FIVE NEW HOMEBUYERS INTO ITS SECOND, NET-ZERO ENERGY COMMUNITY. ROOTEDHOMES ALSO STARTED CONSTRUCTION ON 47 NEW HOMES ON THE WEST-SIDE OF BEND, WHICH PRODUCED 141 PERMANENT, NEW CONSTRUCTION JOBS IN THE REGION.IN AN EFFORT TO BE MORE INTERNATIONAL IN SERVING HOUSEHOLDS WHO ARE MOST IMPACTED, ROOTEDHOMES DEVELOPED THE NATION'S FIRST PREFERENCE POINT SYSTEM TO GIVE PREFERENCE TO FIRST-GENERATION HOMEBUYERS AND EMPLOYEES OF PARTNERING LOCAL EMPLOYERS. THIS PREFERENCE RESULTED IN SELECTING 71% FIRST-GENERATION HOMEBUYERS AND 58% BIPOC HOMEBUYERS IN ITS THIRD COMMUNITY. ROOTEDHOMES' RESULTS SPEAK FOR THEMSELVES IN MEETING THE DIVERSE NEEDS OF THE CENTRAL OREGON COMMUNITY. 2410007 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 21 0 7 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 OR X PATRICIA LAWRENCE 5413624688 150 NE HAWTHORNE AVENUE SUITE 110 BEND OR 97701 RICK HAYES PRESIDENT 2.00 X X 0 0 0 DIANA FISCHETTI VICE-CHAIR 2.00 X X 0 0 0 BRETT DERY SECRETARY 2.00 X X 0 0 0 JAMIE BRADLEY TREASURER 2.00 X X 0 0 0 CATALINA FRANK BOARD MEMBER 1.00 X 0 0 0 KEVIN HOWARD BOARD MEMBER 1.00 X 0 0 0 MISTI NELMES BOARD MEMBER 1.00 X 0 0 0 JENNA CONRAD BOARD MEMBER 1.00 X 0 0 0 JASMINE WILDER BOARD MEMBER 1.00 X 0 0 0 SAM RIVERA BOARD MEMBER 1.00 X 0 0 0 DAVID SULLIVAN BOARD MEMBER 1.00 X 0 0 0 CHRISTA SUMMERS BOARD MEMBER 1.00 X 0 0 0 JACQUELYN KEOGH EXECUTIVE DIRECTOR 40.00 X 121424 0 3562 121424 0 3562 1 0 0 0 0 1006852 2166455 6389 3173307 HOME SALES 236000 1058500 1058500 DEVELOPER FEE INCOME 236000 342000 342000 OTHER PROGRAM INCOME 236000 23858 23858 LAND LEASE FEE INCOME 531190 4650 4650 1429008 1914 1914 54500 22278 32222 32222 OTHER INCOME 900099 1179 1179 KORHW 8TH STREET, LLC 236000 -7304 -7304 -6125 4630326 1422883 0 34136 121424 121424 257765 132704 106112 18949 32033 21504 8934 1595 34992 23451 9792 1749 16162 12837 2978 347 49722 39957 8746 1019 50029 40290 8586 1153 41529 31243 9123 1163 13698 9897 3305 496 11486 8620 2504 362 30128 20186 8436 1506 13463 9130 4070 263 13053 8943 3487 623 COST OF HOMES SOLD 1833211 1833211 CLIENT SUPPORT 76781 76781 DUES & SUBSCRIPTIONS 9194 7697 1413 84 PROFESSIONAL DEVELOPMEN 7434 6510 924 5820 5622 198 2617924 2410007 178608 29309 199098 285056 100841 215306 122148 267192 214500 214500 0 8400 1095401 810095 1095401 -4097 0 1511780 4252608 2954365 6338463 51964 40969 1608426 2983475 1660390 3024444 X 889559 2834716 404416 479303 1293975 3314019 2954365 6338463 2012402 10009 -2367 0 X 0 1 X 1 1 1 X 74168 143603 755207 761936 3173307 4908221 74168 143603 755207 761936 3173307 4908221 1641408 3266813 885 466 328 502 1914 4095 4912316 3070280 0.66500 0.85780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1095401 1095401 1095401 DEVELOPMENT IN PROGRESS 473578 DUE FROM DEVELOPMENT PROJECTS 3742097 LEASE ASSET 33961 OREGON EMPLOYMENT DEPOSIT 2247 SECURITY DEPOSIT (RENTAL) 725 4252608 CITY OF BEND AHF LOANS 1225000 CITY OF BEND CDBG LOANS 1119748 LEASE LIABILITY 38727 OHCS LIFT LOANS 600000 2983475 4336015 42412 7304 49716 4286299 344027 344027 4630326 2564155 8129 16342 24471 2539684 78240 78240 2617924 PART XI, LINE 2D - OTHER ADJUSTMENTS: PARTNERSHIP LOSS 7,304. PART XI, LINE 4B - OTHER ADJUSTMENTS: RELATED PARTY DEVELOPMENT FEE INCOME 342,000. DONATED SERVICES DIRECT FUNDRAISING EXPENSES 2,027. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED PARTY EXPENSES 16,342. PART XII, LINE 4B - OTHER ADJUSTMENTS: RELATED PARTY COST OF HOMES SOLD 78,240. ANNUAL FUNDRAISER 54500 0 54500 0 9866 12412 54500 54500 9866 12412 22278 32222 FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS WILL MEET TO REVIEW THE FILING AND THEN WILL PRESENT IT TO THE FULL BOARD OF DIRECTORS FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE REQUIRED TO SIGN AN ACKNOWLEDGEMENT STATING THAT THEY UNDERSTAND AND WILL ABIDE BY THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWS THE EXECUTIVE DIRECTOR'S SALARY ON AN ANNUAL BASIS AND APPROVES ADJUSTMENTS AS DEEMED NECESSARY. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. KORHW 8TH STREET LLC 150 NE HAWTHORNE AVENUE SUITE 110 BEND OR 97701 851398762 AFFORDABLE HOUSING DEVELOPMENT OR KOR COMMUNITY LAND TRUST RELATED 0 1 0.51000 RH SIMPSON LLC 150 NE HAWTHORNE AVENUE SUITE 110 BEND OR 97701 471089244 AFFORDABLE HOUSING DEVELOPMENT OR KOR COMMUNITY LAND TRUST RELATED 0 1 0.99900 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 KORHW POPLAR STREET LLC R 1468837 ACTUAL RH SIMPSON LLC R 1699525 ACTUAL RH 19TH LLC R 312698 ACTUAL KORHW 8TH STREET LLC L 72000 ACTUAL KORHW POPLAR STREET LLC L 150000 ACTUAL RH SIMPSON LLC L 120000 ACTUAL