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OUR COASTAL VILLAGE INC
PARADISE VALLEY, AZ · EIN 264584304 · Form 990 · FY2022 · NTEE L20 · Housing & Shelter · Small ($100K-$1M) · ourcoastalvillage.org
revenue
$121K
expenses
$97K
net assets
$2.4M
employees
0
volunteers
5
program ratio
100%
mission · from form 990

PROVIDING RELIEF TO THE POOR, DISTRESSED, AND DISADVANTAGED ON THE CENTRAL OREGON COAST, PRIMARILY THROUGH AFFORDABLE HOUSING.

profile · synthesized from sources

Our Coastal Village, Inc. (OCV) is a 501(c)(3) public charity focused on developing and managing affordable housing for low- and moderate-income households on the central Oregon coast. The organization primarily serves workers in the tourism and service industries in Yachats and Florence, Oregon. OCV also supports local community initiatives through grants and civic engagement.

irs program accomplishments · form 990 part iii · fy2022

what they reported doing

Program narrative the organization filed with the IRS. Ordered by program spending.

  1. #1 primary $42K
    DEVELOPMENT OF A 24 UNIT LIHTC AFFORDABLE RENTAL HOUSING COMPLEX IN FLORENCE OR, KNOWN AS OAK MANOR APARTMENTS, WHICH WILL BE AVAILABLE TO HOUSEHOLDS EARNING AT OR UNDER 60% OF AREA MEDIAN INCOME. CONSTRUCTION WILL BEGIN IN APRIL 2023 AND COMPLETION WILL OCCUR IN APRIL 2024.
  2. #2 $6K
    OPERATION OF A 21 UNIT LIHTC AFFORDABLE WORKFORCE HOUSING DEVELOPMENT THROUGH FISTERRA GARDENS TOWNHOMES LP, A LIMITED PARTNERSHIP IN WHICH OUR COASTAL VILLAGE , INC. IS GENERAL PARTNER. THE PROJECT WAS COMPLETED IN 2019. ALL UNITS ARE SET ASIDE FOR HOUSEHOLDS EARNING NOT MORE THAN 60% OF AREA MEDIAN INCOME. SINCE COMPLETION ALL UNITS HAVE BEEN RENTED TO ELIGIBLE HOUSEHOLDS.
named programs · 5 · from sources

what they call their work

Aqua Vista Square
Seven-unit affordable townhome development in Yachats for households earning 80-100% of area median income
Community Grants Program
Provides support to local organizations including the Yachats Food Pantry, YYFAP Preschool, and programs for homeless high school students
Elm Park Apartments
32-unit affordable housing development in Florence, OR
Fisterra Gardens Townhomes
Twenty-one-unit affordable housing project in Yachats for households earning up to 60% of area median income
Oak Manor Apartments
24-unit affordable housing project in Florence, OR
activities · 6 groups

what they do

  • Affordable Housing Information & Counseling 8 activities
    • Increase awareness of affordable housing needs
      Increases local awareness regarding the need for affordable housing and efforts to address this need.
    • Increase awareness of affordable housing needs
      Increases local awareness about the need for affordable housing and efforts to address this need.
    • Increase awareness of affordable housing needs
      Increases local awareness about the need for affordable housing and efforts to address this need.
    • Increasing awareness of affordable housing needs
      Increases local awareness regarding the need for affordable housing and efforts to address this need within the community.
    • Provide information on affordable housing
      Provides information to potential tenants and buyers regarding affordable housing options.
    • Provide information on affordable housing
      Provides information to potential tenants and buyers regarding affordable housing options.
    • Providing information on affordable housing
      Provides information to potential tenants and buyers interested in affordable housing options.
    • Provision of affordable housing information
      Provides information to potential tenants and buyers about affordable housing opportunities and supports public awareness of local affordable housing needs.
  • Women's Leadership Development Programs 5 activities
    • Grantmaking to local community programs
      Makes grants to support local community initiatives including food security, early childhood education, family literacy, community gardening, and support for homeless youth.
    • Provide grants to community organizations
      Makes grants to various local organizations including the Yachats Food Pantry, YYFAP Preschool, the Community Garden, Seashore Family Literacy, and a program supporting a homeless high school student.
    • Support community programs through grants
      Provides grants to local organizations such as the Yachats Food Pantry, YYFAP Preschool, the Community Garden, Seashore Family Literacy, and a program supporting a homeless high school student.
    • Support community programs through grants
      Provides grants to local organizations such as the Yachats Food Pantry, YYFAP Preschool, the Community Garden, Seashore Family Literacy, and a program supporting a homeless high school student.
    • Supporting community initiatives through grants
      Provides grants to local organizations and programs, including the Yachats Food Pantry, YYFAP Preschool, the Community Garden, Seashore Family Literacy, and a program supporting a homeless high school student.
  • Community Garden Development and Maintenance 4 activities
    • Facilitating tenant engagement and community art in housing projects
      Solicits local artists to create art pieces for housing projects and engages master gardeners to develop and administer programs for tenants to grow produce in raised beds at Fisterra Gardens Townhomes.
    • Integrate art and gardening into housing projects
      Commissions local artists to create art pieces for housing projects and engages master gardeners to develop and administer programs for tenants to grow produce in raised garden beds at Fisterra Gardens Townhomes.
    • Integrate art and gardening into housing projects
      Commissions local artists to create art pieces for housing projects and collaborates with master gardeners to develop programs for tenants to grow produce in community gardens at housing sites.
    • Integrate art and gardening into housing projects
      Commissions local artists to create art pieces for housing projects and engages master gardeners to develop and administer programs for tenants to grow produce in raised garden beds at housing developments.
  • Member-Focused Social Events 1 activity
    • Community engagement for housing projects
      Engages the community through events such as participating in parades, holding open houses for completed projects, and grand openings to showcase affordable housing developments.
  • Organizational Transparency Reporting 1 activity
    • Compliance and reporting as a public charity
      Maintains tax-exempt status under section 501(c)(3) and files required annual reports with the IRS (Form 990) and the Oregon Department of Justice (Form CT-12).
  • Uncategorized 6 activities
    • Community engagement and outreach for housing projects
      Conducts community outreach through events such as parade participation, open houses, grand openings, and collaborations with local artists and master gardeners to enhance tenant engagement and community integration at affordable housing sites.
    • Develop and operate affordable housing projects
      Develops and operates multiple affordable housing projects in Yachats and Florence, Oregon, including Aqua Vista Square (7 units), Fisterra Gardens Apartments (25 units), Fisterra Gardens Townhomes (21 units), Oak Manor Apartments (24 units), and Elm Park Apartments (32 units), serving households with varying income levels up to 100% of the area median income.
    • Develop and operate affordable housing projects
      Develops and operates multiple affordable housing projects in Yachats and Florence, including Aqua Vista Square (7 units), Fisterra Gardens Apartments (25 units), Fisterra Gardens Townhomes (21 units), Oak Manor Apartments (24 units), and Elm Park Apartments (32 units), serving households with varying income levels.
    • Develop and operate affordable housing projects
      Develops and operates affordable housing projects in Yachats and Florence, including Aqua Vista Square (7 units), Fisterra Gardens Apartments (25 units), Fisterra Gardens Townhomes (21 units), Oak Manor Apartments (24 units), and Elm Park Apartments (32 units).
    • Developing and operating affordable housing projects
      Develops and operates affordable housing projects in Yachats and Florence, including Aqua Vista Square (7 units), Fisterra Gardens Apartments (25 units), Fisterra Gardens Townhomes (21 units), Oak Manor Apartments (24 units), and Elm Park Apartments (32 units).
    • Development and operation of affordable housing projects
      Develops and operates affordable housing projects in Yachats and Florence, Oregon, including Aqua Vista Square (7 units), Fisterra Gardens Apartments (25 units), Fisterra Gardens Townhomes (21 units), Oak Manor Apartments (24 units), and Elm Park Apartments (32 units), targeting households earning 60-100% of the area median income.
financials · form 990 · fy2022
revenue
Total revenue$121K
Contributions & grants$156K129%
Program service revenue$15K12%
Investment income$-50K-41%
Other revenue$0
expenses
Total expenses$97K
Program expenses100%
Admin / overhead0%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineOther
balance sheet
Total assets$2.85M
Cash$513K
Investments$2.34M
Liabilities$423K
Net assets$2.43M
Liquid reserves354.4 mo
3 years on record · 2020–2022 · YoY revenue -40.5%
leadership · form 990 part vii · fy2022

who runs it

paid leadership · 1
NameTitleHours/wkCompensation
K LAYNE MORRILL PRESIDENT DIRECTOR 0 $50K
board members · 3
  • DENNIS SNYDER — DIRECTOR
  • ELIZABETH MORRILL — DIRECTOR SECRETARY
  • JAMES CRAIG — DIRECTOR
relationships · 12

who they work with

  • Cascade Housing Group Partner — Developed the twenty-five unit Fisterra Gardens Apartments after purchasing a developed site from Fisterra.
  • Cascade Housing Group of Portland Partner — OCV was conceived and formed during the construction of Fisterra Gardens Apartments by Cascade Housing Group of Portland.
  • City of Yachats Partner — Collaborates on community vision and values; the City Council established a shared vision for Yachats that aligns with the organization's mission.
  • Community Garden Partner — Received grants from OCV
  • Federal and state governments Government — Source of subsidies and financing programs for affordable housing development.
  • Fisterra Partner — Committed to include affordable rental housing in its Planned Unit Development, leading to the sale of a developed site.
  • Internal Revenue Service Government — Files annual Form 990 reports with the IRS
  • Oregon Department of Justice Government — Files annual Form CT-12 reports with the Oregon Department of Justice
  • Seashore Family Literacy Partner — Received grants from OCV
  • Siuslaw National Forest Government — Siuslaw National Forest is referenced as a geographic boundary near OCV's projects in Yachats.
  • YYFAP Preschool Partner — Received grants from OCV
  • Yachats Food Pantry Partner — Received grants from OCV