NETWORK FOR OREGON AFFORDABLE HOUSING: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- NETWORK FOR OREGON AFFORDABLE HOUSING (EIN 93-1037330)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-02-11
- IRS object ID
- 201140429349300234
- Schema version
- 2009v1.7
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-02-11T12:22:13-06:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | McDONALD JACOBS PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 520 SW YAMHILL STE 500 | AddressLine1 |
| City | PORTLAND | City |
| State | OR | State |
| ZIP Code | 97204 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 931037330 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NETWORK FOR OREGON AFFORDABLE HOUSING | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | NETW | NameControl |
| Phone | 5032233211 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1020 SW TAYLOR STREET No 585 | AddressLine1 |
| City | PORTLAND | City |
| State | OR | State |
| ZIP Code | 97205 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | WILLIAM A VAN VLIET | Name |
| Title | EXECUTIVE DIRECTOR | Title |
| Phone | 5032233211 | Phone |
| Date Signed | 2011-02-09 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Sang Ahn | Name |
| Phone | 5032270581 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | WILLIAM A VAN VLIET | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1020 SW TAYLOR STREET SUITE 585 | AddressLine1 |
| City | PORTLAND | City |
| State | OR | State |
| ZIP Code | 97205 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 5445740 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.noah-housing.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1990 | YearFormation |
| State Legal Domicile | OR | StateLegalDomicile |
| Activity Or Mission Description | FACILITATE AFFORDABLE HOUSING | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 13 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 13 | NbrIndependentVotingMembers |
| Total Nbr Employees | 11 | TotalNbrEmployees |
| Total Nbr Volunteers | 13 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 241184 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 272054 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 4761719 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 5162668 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 92074 | InvestmentIncomePriorYear |
| Investment Income Current Year | 11018 | InvestmentIncomeCurrentYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 5094977 | TotalRevenuePriorYear |
| Total Revenue Current Year | 5445740 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 53000 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 766700 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 734865 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 19636 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 4031595 | OtherExpensePriorYear |
| Other Expenses Current Year | 4192522 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 4798295 | TotalExpensesPriorYear |
| Total Expenses Current Year | 4980387 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 296682 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 465353 | RevenuesLessExpensesCY |
| Total Assets BOY | 112577289 | TotalAssetsBOY |
| Total Assets EOY | 113806591 | TotalAssetsEOY |
| Total Liabilities BOY | 109663351 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 110427300 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 2913938 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 3379291 | NetAssetsOrFundBalancesEOY |
| Mission Description | NOAH is a community development corporation, serving communities within the State of Oregon. The purposes of the corporation are to develop and implement programs to provide opportunities for community members of low and moderate income to obtain housing that is affordable and appropriate and to engage in other non-profit activities that encourage economic development within the community. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 3872562 | Expense |
| Revenue | 4484376 | Revenue |
| Description | NOAH Permanent Loan Program:NOAH PROVIDES FINANCING AND TECHNICAL ASSISTANCE TO FACILITATE THE DEVELOPMENT OF AFFORDABLE HOUSING IN THE STATE OF OREGON. DURING FISCAL YEAR 2009/2010, TEN (10) PERMANENT LOANS WERE CLOSED AND THE TOTAL DOLLAR VALUE OF THESE LOANS FUNDED WAS $6,873,389. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 356357 | Expense |
| Grants | 53000 | Grants |
| Revenue | 135549 | Revenue |
| Description | NOAH PARTNERS WITH THE STATE OF OREGON HOUSING & COMMUNITY SERVICES DEPARTMENT TO FUND PREDEVELOPMENT LOANS. DURING FISCAL YEAR 2009-2010, FIVE (5) LOANS TOTALING $1,553,540 WERE FUNDED IN THIS PROGRAM TO PAY COSTS ASSOCIATED WITH ACQUISITION AND DEVELOPMENT OF AFFORDABLE HOUSING PROJECTS. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 322077 | Expense |
| Revenue | 529824 | Revenue |
| Description | NOAH PRESERVATION LOAN PROGRAM:NOAH MAKES LOANS THROUGH OREGON HOUSING ACQUISITION FUND (OHAF) WHICH HAS BEEN CREATED THROUGH INVESTMENTS BY THE STATE OF OREGON, SEVERAL FOUNDATIONS, AND BY THE NOAH MULTI-BANK CONSORTIA. EACH INVESTOR IN THE FUND HAS UNIQUE INVESTMENT CRITERIA AND TERMS. BY DRAWING FUNDS FROM EACH INVESTOR TO CREATE PROJECT SPECIFIC FUNDING, NOAH IS ABLE TO MIX THE STRENGTHS OF THE FUNDERS TO MEET MORE BORROWERS' NEEDS AND PROVIDE FINANCING TO PRESERVE AFFORDABLE HOUSING PROJECTS THROUGHOUT OREGON.ACCESS TO NOAH'S PRESERVATION LOANS IS LIMITED TO NON-PROFIT ORGANIZATIONS AND TO FOR-PROFIT ORGANIZATIONS THAT COMMIT TO OPERATE THE PROPERTY AS AFFORDABLE, THEREBY PROVIDING A PUBLIC BENEFIT COMPARABLE TO THAT PROVIDED BY NON-PROFITS. THESE LOANS TARGET THE ACQUISITION AND PRESERVATION OF FEDERALLY RENT-SUBSIDIZED UNITS THAT ARE AT RISK OF CONVERSION TO MARKET RATES. DURING FISCAL YEAR 2009/2010, ONE (1) OHAF LOAN WAS CLOSED AND THE TOTAL DOLLAR VALUE OF THE LOAN FUNDED WAS $1,890,500. | Description |
Activity Other ActivityOther (2 entries)
| RevenueRevenue | DescriptionDescription |
|---|---|
| 12919 | NOAH PARTNERS WITH THE STATE OF OREGON HOUSING & COMMUNITY SERVICES DEPARTMENT TO FUND PREDEVELOPMENT LOANS. DURING FISCAL YEAR 2009-2010, FIVE (5) LOANS TOTALING $1,553,540 WERE FUNDED IN THIS PROGRAM TO PAY COSTS ASSOCIATED WITH ACQUISITION AND DEVELOPMENT OF AFFORDABLE HOUSING PROJECTS.NOAH BOND PROGRAM:NOAH ENTERED INTO AN INNOVATIVE PARTNERSHIP WITH OREGON HOUSING AND COMMUNITY SERVICES DEPARTMENT (OHCS) TO CREATE A SMALL PROJECT CONDUIT BOND FINANCING PROGRAM. THIS PROGRAM WAS ESTABLISHED TO PROVIDE FUNDS TO FINANCE THE CONSTRUCTION, REHABILITATION AND ACQUISITION OF MULTI-UNIT HOUSING IN THE STATE OF OREGON FOR PERSONS AND FAMILIES OF LOWER INCOME; WHILE LOWERING TRANSACTION AND LEGAL COSTS. THE PROGRAM'S OBJECTIVES ARE TO PROVIDE FOR ADDITIONAL FLEXIBILITY IN THE FINANCIAL STRUCTURE NEEDED FOR CONDUIT FINANCING AND TO DEVELOP AN EFFICIENT PROCESS FOR UTILIZING THIS VALUABLE RESOURCE FOR SMALLER AND RURAL PROPERTIES. THE PROGRAM, ALTHOUGH ADMINISTERED AND UNDERWRITTEN BY NOAH, REMAINS GOVERNED BY OHCS'S OREGON REVISED STATUTES CHAPTER 456.515 - 456.725 AND DIVISION 35 OF THE STATE'S OREGON ADMINISTRATIVE RULES. OHCS USES THEIR ANNUAL BOND ALLOCATION AUTHORITY TO SELL BONDS TO FINANCE AFFORDABLE HOUSING FOR LOWER INCOME OREGONIANS. THE FUNDS ARE GOVERNED BY THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. DURING FISCAL YEAR 2009-2010, ONE (1) BOND TRANSACTION WAS CLOSED AND THE DOLLAR AMOUNT OF THE LOAN WAS $3,291,546. |
| NOAH ADMINISTERS THE OREGON HOUSING ACQUISITION PROGRAM. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Rev | 12919 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 4550996 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 1 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 1 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 7 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 11 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Nbr Voting Governing Body Members | 13 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 13 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | OR | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WILLIAM A VAN VLIET | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 5032233211 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1020 SW TAYLOR STREET SUITE 585 | AddressLine1 |
| City | PORTLAND | City |
| State | OR | State |
| ZIP Code | 97205 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (16 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| DAVE CASTrICANO | ||||||
| BOARD MEMBER | 0.50 | X | 0 | 0 | 0 | |
| CHARLOTTE BOXER | ||||||
| BOARD MEMBER | 0.50 | X | 0 | 0 | 0 | |
| JOHN VAN LANDINGHAM | ||||||
| BOARD MEMBER | 0.50 | X | 0 | 0 | 0 | X |
| JOHN EPSTEIN | ||||||
| BOARD MEMBER | 0.50 | X | 0 | 0 | 0 | |
| DEAN GISVOLD | ||||||
| BOARD MEMBER | 0.50 | X | 0 | 0 | 0 | |
| PETER HAINLEY | ||||||
| BOARD MEMBER | 0.50 | X | 0 | 0 | 0 | |
| ANN LININGER | ||||||
| BOARD MEMBER | 0.50 | X | 0 | 0 | 0 | |
| TERRY MORRISON | ||||||
| BOARD MEMBER | 0.50 | X | 0 | 0 | 0 | X |
| LYNN SCHOESSLER | ||||||
| BOARD MEMBER | 0.50 | X | 0 | 0 | 0 | |
| BARBARA B SMITH | ||||||
| BOARD MEMBER | 0.50 | X | 0 | 0 | 0 | X |
| BRIAN STEWART | ||||||
| BOARD MEMBER | 0.50 | X | 0 | 0 | 0 | |
| JAMES WALKER | ||||||
| BOARD MEMBER | 0.50 | X | 0 | 0 | 0 | |
| JAN LASKEY | ||||||
| BOARD MEMBER | 0.50 | X | 0 | 0 | 0 | |
| FRANCES JOHNSTON | ||||||
| BOARD MEMBER | 0.50 | X | 0 | 0 | 0 | |
| WILLIAM A VAN VLIET | ||||||
| EXEC DIRECTOR | 40.00 | 142708 | 0 | 17650 | X | |
| JONI-MARIE A HARTMANN | ||||||
| DEPUTY DIRECTOR | 40.00 | 121772 | 0 | 13501 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 264480 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 31151 | TotalOtherCompensation |
| Number Individuals GT100 K | 2 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | US BANK | BusinessNameLine1 |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 110 SW FIFTH AVENUE | AddressLine1 |
| City | PORTLAND | City |
| State | OR | State |
| ZIP Code | 97204 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | BANKING SERVICES | DescriptionOfServices |
| Compensation | 110890 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
| Government Grants | 272054 | GovernmentGrants |
| Total Contributions | 272054 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| MORTGAGE INTEREST | 531390 | 5147510 | 5147510 |
| TAX-EXEMPT BOND PROGRA | 531390 | 12919 | 12919 |
| LOAN AND COMMITMENT FE | 531390 | 2239 | 2239 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 5162668 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 11018 | TotalRevenueColumn |
| Exclusion | $11,018 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 5445740 | TotalRevenueColumn |
| Related Or Exempt Function Income | 5162668 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $11,018 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 53000 | Total |
| Program Services | 53000 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 298810 | Total |
| Program Services | 168321 | ProgramServices |
| Management And General | 128721 | ManagementAndGeneral |
| Fundraising | 1768 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 309724 | Total |
| Program Services | 174469 | ProgramServices |
| Management And General | 131855 | ManagementAndGeneral |
| Fundraising | 3400 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10150 | Total |
| Program Services | 5718 | ProgramServices |
| Management And General | 4432 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 50770 | Total |
| Program Services | 28599 | ProgramServices |
| Management And General | 22171 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 65411 | Total |
| Program Services | 36846 | ProgramServices |
| Management And General | 28565 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13187 | Total |
| Program Services | 11977 | ProgramServices |
| Management And General | 1210 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 77345 | Total |
| Program Services | 55081 | ProgramServices |
| Management And General | 22264 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 71450 | Total |
| Program Services | 52239 | ProgramServices |
| Management And General | 4743 | ManagementAndGeneral |
| Fundraising | 14468 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12355 | Total |
| Program Services | 6919 | ProgramServices |
| Management And General | 5436 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 54867 | Total |
| Program Services | 40861 | ProgramServices |
| Management And General | 14006 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 49241 | Total |
| Program Services | 27575 | ProgramServices |
| Management And General | 21666 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 22612 | Total |
| Program Services | 12663 | ProgramServices |
| Management And General | 9949 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 890 | Total |
| Program Services | 890 | ProgramServices |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3674413 | Total |
| Program Services | 3674413 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10494 | Total |
| Program Services | 5877 | ProgramServices |
| Management And General | 4617 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 23000 | Total |
| Program Services | 12880 | ProgramServices |
| Management And General | 10120 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| FEES TO AGENT BANKS | 112157 | 112157 |
| PROVISION FOR LOAN LOSS | 64573 | 64573 |
| lOAN SERVICING | 5401 | 5401 |
| REGULATORY FEES | 537 | 537 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4980387 | Total |
| Program Services | 4550996 | ProgramServices |
| Management And General | 409755 | ManagementAndGeneral |
| Fundraising | 19636 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 975883 | BOY |
| EOY | 1004637 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6513385 | BOY |
| EOY | 12594967 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 104737036 | BOY |
| EOY | 99863683 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 305974 | BOY |
| EOY | 307740 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 93466 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 57902 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 45011 | BOY |
| EOY | 35564 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 112577289 | BOY |
| EOY | 113806591 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 499694 | BOY |
| EOY | 581702 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1369006 | BOY |
| EOY | 2710000 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 898422 | BOY |
| EOY | 947439 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4000000 | BOY |
| EOY | 4000000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 98354355 | BOY |
| EOY | 97647559 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4500000 | BOY |
| EOY | 4500000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 41874 | BOY |
| EOY | 40600 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 109663351 | BOY |
| EOY | 110427300 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2913938 | BOY |
| EOY | 3379291 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2913938 | BOY |
| EOY | 3379291 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 112577289 | BOY |
| EOY | 113806591 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gifts Grants Contrib Received509 GiftsGrantsContribReceived509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 339250 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 539243 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 90689 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 241184 | CurrentTaxYearMinus1Year |
| Current Tax Year | 272054 | CurrentTaxYear |
| Total | 1482420 | Total |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 3307451 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3756820 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 4259016 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 4792538 | CurrentTaxYearMinus1Year |
| Current Tax Year | 5162665 | CurrentTaxYear |
| Total | 21278490 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 3646701 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 4296063 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 4349705 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 5033722 | CurrentTaxYearMinus1Year |
| Current Tax Year | 5434719 | CurrentTaxYear |
| Total | 22760910 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 20000 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 20000 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 20000 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 222296 | CurrentTaxYearMinus1Year |
| Current Tax Year | 209442 | CurrentTaxYear |
| Total | 491738 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 20000 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 20000 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 20000 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 222296 | CurrentTaxYearMinus1Year |
| Current Tax Year | 209442 | CurrentTaxYear |
| Total | 491738 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 22269172 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 66086 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 97094 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 96858 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 61255 | CurrentTaxYearMinus1Year |
| Current Tax Year | 11018 | CurrentTaxYear |
| Total | 332311 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 66086 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 97094 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 96858 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 61255 | CurrentTaxYearMinus1Year |
| Current Tax Year | 11018 | CurrentTaxYear |
| Total | 332311 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 3712787 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 4393157 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 4446563 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 5094977 | CurrentTaxYearMinus1Year |
| Current Tax Year | 5445737 | CurrentTaxYear |
| Total | 23093221 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.96430 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.98020 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.01440 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.01650 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 1 | AgentTrusteeEtc |
| Beginning Balance | 898422 | BeginningBalance |
| Ending Balance | 898422 | EndingBalance |
| Included On FS | 0 | IncludedOnFS |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 67776 | OtherCostOrOtherBasis |
| Depreciation | 32212 | Depreciation |
| Book Value | 35564 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 25690 | OtherCostOrOtherBasis |
| Depreciation | 25690 | Depreciation |
| Book Value | 0 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 35564 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | CUSTOMER DEPOSITS | Description |
| Amount | $40,600 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 40600 | TotalOfAmounts |
| Total Revenue | 5445740 | TotalRevenue |
| Total Expenses | 4980387 | TotalExpenses |
| Excess Or Deficit For Year | 465353 | ExcessOrDeficitForYear |
| Total Adjustments | 0 | TotalAdjustments |
| Excess Or Deficit Per FS | 465353 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 1706754 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 1706754 | RevenueSubtotal |
| Other Revenues Not Included | 3738986 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 3738986 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 5445740 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 1241401 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 1241401 | ExpensesSubtotal |
| Other Expenses Not Included | 3738986 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 3738986 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 4980387 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Part IV, Line 1b: | CUSTOMER ESCROW ACCOUNTS |
| Part XII, Line 4b - Other Adjustments: | INTEREST EXPENSE NETTED AGAINST REVENUES PROVISION FOR LOAN LOSS NETTED AGAINST REVENUES |
| Part XIII, Line 4b - Other Adjustments: | INTEREST EXPENSE NETTED AGAINST REVENUES PROVISION FOR LOAN LOSS NETTED AGAINST REVENUES |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (4 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant | IRC SectionIRCSection |
|---|---|---|---|---|---|---|---|
| COTTONWOOD I RENEWAL LLC | |||||||
| 2316 SE WILLARD STREET | MILWAUKIE | OR | 97222 | 263775450 | 11000 | REPLACE WINDOWS WITH ENERGY EFFICIENT VINYL WINDOWS | |
| COTTONWOOD II RENEWAL LLC | |||||||
| 2316 SE WILLARD STREET | MILWAUKIE | OR | 97222 | 263777801 | 12000 | REPLACE WINDOWS WITH ENERGY EFFICIENT VINYL WINDOWS | |
| ROSELYN RENEWAL LLC | |||||||
| 2316 SE WILLARD STREET | MILWAUKIE | OR | 97222 | 263778073 | 12000 | HVAC SYSTEM TO IMPROVE AIR QUALITY | |
| REACH COMMUNITY DEVELOPMENT INC | |||||||
| 1135 SE SALMON STREET | PORTLAND | OR | 97214 | 930813981 | 15000 | ENERGY START LIGHTING AT WALNUT PARK PROJECT | 501(C)(3) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 3 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: PURSUANT TO THE TERMS OF A MEMORANDUM OF UNDERSTANDING DATED MAY 1, 2009 ("MOU"), NOAH PROVIDES FUNDING FOR THE GREEN PILOT PROGRAM INITIATIVE. THE MOU DESCRIBES THE PURPOSES FOR WHICH FUNDS MAY BE GRANTED AND OUTLINES PROCESS. FORMAL APPLICATION AND DRAW REQUEST FORMS DOCUMENT QUALIFIED EXPENSES. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WILLIAM A VAN VLIET | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Base Compensation Filing Org | 122708 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 20000 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 11405 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 6245 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 160358 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Schedule L IRS990ScheduleL
Loan Table LoanTable
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MEYER MEMORIAL TRUST | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Purpose Of Loan | to capitalize noah's oregon housing acquistition fund | PurposeOfLoan |
| Loan To Organization | X | LoanToOrganization |
| Original Principal | $4,000,000 | OriginalPrincipalAmount |
| Balance Due | 4000000 | BalanceDue |
| Default | 0 | Default |
| Approved By Board | 1 | ApprovedByBoard |
| Written Agreement | 1 | WrittenAgreement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 4000000 | TotalBalanceDue |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Form 990, Part VI, Section B, line 11 | Review of Form 990. Each member of the Board of Directors shall be provided a copy of NOAH's Form 990 for review before it is filed with the IRS. The Audit Committee shall conduct a review of the Form 990 and shall report to the Board in a timely fashion the results of its review of the Form 990. The Board shall take any additional action that it feels appropriate. |
| Form 990, Part VI, Section B, line 12c | 1. ON AN ANNUAL BASIS, THE SECRETARY OF THE CORPORATION OR THE SECRETARY'S DESIGNEE SHALL DEVELOP AND MAINTAIN A LIST OF INSIDERS WHO ENGAGE IN OR ARE REASONABLY LIKELY TO ENGAGE IN TRANSACTIONS THAT CONSTITUTE CONFLICTS OF INTEREST WITH THE CORPORATION DURING THE YEAR. 2. THE OFFICERS, DIRECTORS AND KEY EMPLOYEES SHALL EACH YEAR DISCLOSE INTERESTS THAT COULD GIVE RISE TO A CONFLICT OF INTEREST UNDER THIS POLICY. SUCH DISCLOSURE SHALL BE MADE ON A DISCLOSURE AND ACKNOWLEDGMENT FORM SIMILAR TO THE ONE ATTACHED TO THIS POLICY AND SHALL BE FILED WITH THE SECRETARY OR THE SECRETARY'S DESIGNEE. 3. THE SECRETARY OR THE SECRETARY'S DESIGNEE SHALL MONITOR AND ENFORCE COMPLIANCE WITH THIS POLICY BY REVIEWING THE LIST OF INSIDERS AND THE DISCLOSURE AND ACKNOWLEDGMENT FORMS EACH YEAR AND BY BRINGING POTENTIAL OR ACTUAL CONFLICTS TO THE ATTENTION OF THE PRESIDENT OF THE BOARD. THE PRESIDENT SHALL DISCLOSE CONFLICTS TO THE BOARD AS THEY ARISE AND ENSURE THAT THE PROCEDURES IN THIS POLICY ARE FOLLOWED. 4. THE SECRETARY OR THE SECRETARY'S DESIGNEE SHALL CONVEY THE LIST OF INSIDERS IDENTIFIED ABOVE TO THE EXECUTIVE DIRECTOR AND SHALL INSTRUCT THE EXECUTIVE DIRECTOR TO NOTIFY THE BOARD IF THE EXECUTIVE DIRECTOR OR ANY EMPLOYEE PLANS TO ENGAGE IN A TRANSACTION WITH AN INSIDER THAT CONSTITUTES A CONFLICT OF INTEREST, INCLUDING PAYMENT OR REIMBURSEMENT FOR BUSINESS OR TRAVEL EXPENSES OF THE INSIDER AND/OR MEMBERS OF THE INSIDER'S FAMILY NOT MADE PURSUANT TO AN ACCOUNTABLE PLAN UNDER IRS REG. 1.62-2(C)(2). IF SO, THE BOARD SHALL MONITOR THE TRANSACTION TO ENSURE THAT IT COMPLIES WITH THE PROCEDURE IN SECTION 2 ABOVE. |
| Form 990, Part VI, Section B, line 15 | NOAH'S EXECUTIVE COMMITTEE, ACTING WITH AUTHORITY DELEGATED BY THE FULL BOARD, ESTABLISHES COMPENSATION LEVELS FOR ALL EMPLOYEES ANNUALLY. THE EXECUTIVE DIRECTOR MAKES INITIAL RECOMMENDATIONS TO THE EXECUTIVE COMMITTEE, WHICH THEN DELIBERATES AND MAKES FINAL COMPENSATION DECISIONS. NOAH OPERATES SIMILARLY TO A COMMERCIAL REAL ESTATE LENDING DIVISION OF A COMMERCIAL BANK, AND NOAH'S EXECUTIVE COMMITTEE INCLUDES SEVERAL SENIOR MANAGERS OF SIMILAR LENDING DIVISIONS OF COMMERCIAL BANKS. THESE DIRECTORS BRING EXTENSIVE EXPERIENCE AND KNOWLEDGE OF COMPENSATION LEVELS FOR POSITIONS OF COMPARABLE RESPONSIBILITY. THIS PROCESS HAS BEEN USED SINCE AT LEAST 1999. |
| Form 990, Part VI, Section C, line 19 | NOAH shall make its Articles of Incorporation, any amendments or restatements to the Articles, and its most recent three years of the Form 990 available to the public for inspection and copying upon request. NOAH does not have to disclose the name and address of any contributor to the organization. NOAH has determined that it is not in the best interest of NOAH to make any additional documents or information available to the public. The documents described above shall be available for inspection upon request at the NOAH office during regular business hours. |
| FORM 990, PART XI, LINE 2C | THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |