Nonprofit · EIN 47-1089244
KOR COMMUNITY LAND TRUST
Tax-exempt · BEND, OR 97701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,780,412 | $4,510,586 | $269,826 | $11,786,817 | $8,171,268 | $3,615,549 |
| December 31, 2023 | 990 | $4,630,326 | $2,617,924 | $2,012,402 | $6,338,463 | $3,024,444 | $3,314,019 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,563,823
- of which government grants
- $833,616
- Program service revenue
- $2,230,687
- Investment income
- $1,300
- Net income from fundraising events
- -$18,834
- Other revenue
- -$15,398
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $261,454
- Other salaries and wages
- $275,163
- Salaries, compensation and benefits (total)
- $641,057
- Professional fundraising fees
- $0
- Legal fees
- $33,755
- Accounting fees
- $75,119
- Occupancy
- $28,820
- Travel
- $22,213
- Program services (functional)
- $4,227,975
- Management and general (functional)
- $225,818
- Fundraising (functional)
- $56,793
Balance sheet and other
- Total assets, start of year
- $6,338,463
- Total assets, end of year
- $11,786,817
- Total liabilities, end of year
- $8,171,268
- Net assets, end of year
- $3,615,549
- Land, buildings and equipment
- $1,913,089
- Net assets without donor restrictions
- $2,840,459
- Net assets with donor restrictions
- $775,090
- Gross receipts
- $4,831,434
- Employees
- 10
- Volunteers
- 21
- Year formed
- 2014
- State of legal domicile
- OR
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JACQUELYN KEOGH | EXECUTIVE DIRECTOR Officer | 40 | $154,437 | $16,000 |
| KARL DINKELSPIEL | DEPUTY DIRECTOR Officer | 40 | $107,017 | $9,605 |
| JAMIE BRADLEY | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| KEVIN HOWARD | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| CHRIS OGREN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| JASMINE WILDER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHRISTA SUMMERS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JENNA CONRAD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SAM RIVERA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DANA MADISON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JACQUELYN KEOGH | EXECUTIVE DIRECTOR Officer | 40 | $121,424 | $3,562 |
| RICK HAYES | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| DIANA FISCHETTI | VICE-CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| BRETT DERY | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| JAMIE BRADLEY | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| CATALINA FRANK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KEVIN HOWARD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MISTI NELMES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JENNA CONRAD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JASMINE WILDER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SAM RIVERA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAVID SULLIVAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHRISTA SUMMERS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 150 NE HAWTHORNE AVE STE 110, BEND, OR 97701-4690
- Mailing address (990-N for 2014)
- 1384 NW SAGINAW AVE, BEND OR 97701
- Principal officer (990 for 2024)
- ELIZABETH WILSON, 150 NE HAWTHORNE AVENUE STE 110, BEND, OR 97701
- Principal officer (990-N for 2014)
- AMY WARREN, 1384 NW SAGINAW AVE, BEND OR 97701
- Signed the 990
- ELIZABETH WILSON, EXECUTIVE DIRECTOR
- Phone
- (541) 316-0498
- Website
- WWW.KORLANDTRUST.ORG
- Return prepared by
- KERNUTT STOKES LLP
Mission
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.
Program accomplishments
- ROOTEDHOMES 2024 IMPACT SUMMARYIN 2024, ROOTEDHOMES ADVANCED ITS MISSION TO EXPAND ACCESS TO SUSTAINABLE, AFFORDABLE HOMEOWNERSHIP ACROSS CENTRAL OREGON. SIXTEEN LOCAL FAMILIES PURCHASED HOMES IN SISTERS AND BEND, SUPPORTED BY MORTGAGE-READINESS EDUCATION PROVIDED TO 544 PROSPECTIVE HOMEBUYERS.CONSTRUCTION IS UNDERWAY ON 63 NET-ZERO ENERGY HOMES IN REDMOND AND BEND, WITH COMPLETION EXPECTED IN 2025. TO SUPPORT FUTURE DEVELOPMENT, ROOTEDHOMES SECURED THREE NEW LAND PARCELS IN REDMOND, PRINEVILLE, AND SISTERS.THE ORGANIZATION ALSO CREATED 198 PERMANENT CONSTRUCTION JOBS, CONTRIBUTING TO LOCAL ECONOMIC DEVELOPMENT. AT THE ROOTED AT SIMPSON COMMUNITY, 40 HOMEBUYERS WERE SELECTED; OF THOSE, 68% IDENTIFIED AS FIRST-GENERATION HOMEBUYERS AND 40% AS BIPOC.ROOTEDHOMES REMAINS COMMITTED TO BUILDING RESILIENT, INCLUSIVE COMMUNITIES THROUGH EQUITABLE HOMEOWNERSHIP OPPORTUNITIES.Expenses $4,227,975 · revenue $2,234,123
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-1089244
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $11,786,817
- Income (IRS master file)
- $4,831,434
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,780,412 | $4,510,586 | $11,786,817 | IRS |
| 990 | December 2023 | $4,630,326 | $2,617,924 | $6,338,463 | XML |
| 990 | December 2022 | $843,046 | $409,219 | $2,954,365 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2014 Officer: AMY WARREN | December 31, 2014 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-1089244).
Questions about KOR COMMUNITY LAND TRUST
- What is the EIN of KOR COMMUNITY LAND TRUST?
- The employer identification number (EIN) of KOR COMMUNITY LAND TRUST is 47-1089244.
- Is KOR COMMUNITY LAND TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to KOR COMMUNITY LAND TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KOR COMMUNITY LAND TRUST file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of KOR COMMUNITY LAND TRUST due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KOR COMMUNITY LAND TRUST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of KOR COMMUNITY LAND TRUST?
- The 990 for the year ended December 31, 2024 names ELIZABETH WILSON.
- Who are the officers and directors of KOR COMMUNITY LAND TRUST?
- The 990 for the year ended December 31, 2024 lists 10 people; 2 received compensation from the organization, the highest $154,437 (JACQUELYN KEOGH, EXECUTIVE DIRECTOR).
- How much revenue does KOR COMMUNITY LAND TRUST have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,780,412, expenses of $4,510,586 and total assets of $11,786,817 at year end.
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