Nonprofit · EIN 93-1012211
POLK COMMUNITY DEVELOPMENT CORPORATION
Tax-exempt · DALLAS, OR 97338
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $10,820,788 | $4,677,496 | $6,143,292 | $32,672,994 | $10,602,505 | $22,070,489 |
| June 30, 2024 | 990 | $4,205,167 | $4,139,028 | $66,139 | $25,890,649 | $9,963,452 | $15,927,197 |
| June 30, 2023 | 990 | $3,545,955 | $3,752,860 | -$206,905 | $24,286,714 | $8,425,656 | $15,861,058 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $8,564,736
- of which government grants
- $4,868,066
- Program service revenue
- $2,182,888
- Investment income
- $73,164
- Net gain from sales of assets
- -$40,594
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $399,282
- Compensation of officers, directors and key employees
- $137,647
- Other salaries and wages
- $902,496
- Salaries, compensation and benefits (total)
- $1,268,053
- Professional fundraising fees
- $0
- Legal fees
- $5,541
- Accounting fees
- $44,575
- Travel
- $20,494
- Depreciation
- $1,184,915
- Program services (functional)
- $3,457,035
- Management and general (functional)
- $1,058,031
- Fundraising (functional)
- $162,430
Balance sheet and other
- Total assets, start of year
- $25,890,649
- Total assets, end of year
- $32,672,994
- Total liabilities, end of year
- $10,602,505
- Net assets, end of year
- $22,070,489
- Land, buildings and equipment
- $27,980,748
- Net assets without donor restrictions
- $18,765,577
- Net assets with donor restrictions
- $3,304,912
- Gross receipts
- $10,861,382
- Employees
- 21
- Volunteers
- 9
- Year formed
- 1989
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RITA A GRADY | EXECUTIVE DI Officer | 40 | $129,914 | $522 |
| AMY HOUGHTALING | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| LANE SHETTERLY | VICE PRESIDE Trustee or director, Officer | 1 | $0 | $0 |
| LINDA JENNINGS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| STEPHANIE TORRES | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ZELLEE ALLEN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ALEA LITTLETON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JEREMY GORDON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KATE COOPER RICHARDSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JAVIER CASTANEDA | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RITA A GRADY | EXECUTIVE DI Officer | 40 | $124,392 |
| AMY HOUGHTALING | PRESIDENT Trustee or director, Officer | 1 | $0 |
| LANE SHETTERLY | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| LINDA JENNINGS | TREASURER Trustee or director, Officer | 1 | $0 |
| STEPHANIE TORRES | SECRETARY Trustee or director, Officer | 1 | $0 |
| ZELLEE ALLEN | DIRECTOR Trustee or director | 0.5 | $0 |
| ALEA LITTLETON | DIRECTOR Trustee or director | 0.5 | $0 |
| JEREMY GORDON | DIRECTOR Trustee or director | 0.5 | $0 |
| KATE COOPER RICHARDSON | DIRECTOR Trustee or director | 0.5 | $0 |
| JAVIER CASTANEDA | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RITA A GRADY | EXECUTIVE DI Officer | 40 | $112,209 |
| AMY HOUGHTALING | PRESIDENT Trustee or director, Officer | 1 | $0 |
| LANE SHETTERLY | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| LINDA JENNINGS | TREASURER Trustee or director, Officer | 1 | $0 |
| STEPHANIE TORRES | SECRETARY Trustee or director, Officer | 1 | $0 |
| ZELLEE ALLEN | DIRECTOR Trustee or director | 0.5 | $0 |
| ALEA LITTLETON | DIRECTOR Trustee or director | 0.5 | $0 |
| JEREMY GORDON | DIRECTOR Trustee or director | 0.5 | $0 |
| KATE COOPER RICHARDSON | DIRECTOR Trustee or director | 0.5 | $0 |
| JENN PANGBURN | DIRECTOR Trustee or director | 0.5 | $0 |
| JAVIER CASTANEDA | DIRECTOR Trustee or director | 0.5 | $0 |
| JANA BLAIR | DIRECTOR Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 33, DALLAS, OR 97338-0033
- Principal officer (990 for 2024)
- RITA A GRADY, PO BOX 33, DALLAS, OR 97338
- Signed the 990
- RITA A GRADY, EXECUTIVE DIRECTOR
- Phone
- (503) 831-3173
- Website
- WWW.POLKCDC.ORG
- Return prepared by
- FINNEY NEILL & COMPANY PS
Mission
SERVING THE NEEDS OF LOW AND MODERATE INCOME PEOPLE THROUGH COMMUNITY ECONOMIC DEVELOPMENT ACTIVITIES INCLUDING THE DEVELOPMENT AND MANAGEMENT OF AFFORDABLE RENTAL HOUSING, FIRST TIME HOME OWNERSHIP, AND COMMUNITY SELF- HELP ACTIVITIES WITHIN POLK COUNTY, OREGON, AND TO CARRY OUT SUCH ACTIVITIES AND BUSINESS AS MAY BE AUTHORIZED FOR A CORPORATION ORGANIZED UNDER THE OREGON NONPROFIT CORPORATION ACT AND AS A CORPORATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3).
Program accomplishments
- TO DEVELOP, OPERATE AND PROVIDE SAFE, QUALITY, AND AFFORDABLE HOUSING.Expenses $3,457,035 · grants $399,282 · revenue $2,255,091
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 93-1012211
- 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
- 1995
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31Z)
- Assets (IRS master file)
- $32,672,994
- Income (IRS master file)
- $10,861,382
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $10,820,788 | $4,677,496 | $32,672,994 | XML |
| 990 | June 2024 | $4,205,167 | $4,139,028 | $25,890,649 | IRS |
| 990 | June 2023 | $3,545,955 | $3,752,860 | $24,286,714 | XML |
| 990 | June 2022 | $5,307,917 | $3,010,742 | $22,075,845 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
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 93-1012211).
Questions about POLK COMMUNITY DEVELOPMENT CORPORATION
- What is the EIN of POLK COMMUNITY DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of POLK COMMUNITY DEVELOPMENT CORPORATION is 93-1012211.
- Is POLK COMMUNITY DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to POLK COMMUNITY DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does POLK COMMUNITY DEVELOPMENT CORPORATION 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 POLK COMMUNITY DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did POLK COMMUNITY DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of POLK COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names RITA A GRADY.
- Who are the officers and directors of POLK COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 10 people; 1 received compensation from the organization, the highest $129,914 (RITA A GRADY, EXECUTIVE DI).
- How much revenue does POLK COMMUNITY DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $10,820,788, expenses of $4,677,496 and total assets of $32,672,994 at year end.
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