2025-03-13T18:03:04-05:00 2024-06-30 REDW LLC 475 COTTAGE STREET NE SUITE 200 SALEM OR 97301 990 2023-07-01 931138243 VALLEY DEVELOPMENT INITIATIVES VALL 5035886177 100 HIGH STREET SE 200 SALEM OR 97301 DERIK MUNNS PRESIDENT 5035886177 2025-03-07 1 0 RYAN T PASQUARELLA CPA P01304274 5035817788 2025-03-07 2023 2025-03-06 01:10:19Z SCOTT DADSON 100 HIGH STREET SE 200 SALEM OR 97301 353239 0 X N/A X 1994 OR THE PRINCIPAL PURPOSE OF THIS CORPORATION SHALL BE TO ACT AS AN INTERMEDIARY BORROWER/RELENDER WITHIN THE SCOPE OF CERTAIN "INTERMEDIARY RELENDING PROGRAMS" ESTABLISHED BY THE U.S. DEPARTMENT OF AGRICULTURE, RURAL DEVELOPMENT, AND THE U.S. SMALL BUSINESS ADMINISTRATION; AS A LENDER OF OTHER PUBLIC FUNDS SUCH AS THOSE MADE AVAILABLE UNDER THE RURAL BUSINESS ENTERPRISE GRANT PROGRAM ESTABLISHED BY RURAL DEVELOPMENT AND FUNDS THAT MAY BE DERIVED FROM OTHER PUBLIC AGENCIES TO ACCOMPLISH SIMILAR GOALS, AND PROVIDE AFFORDABLE HOUSING THAT IS DECENT, SAFE, AND SANITARY FOR LOW-INCOME FAMILIES, TO CARRY OUT A NEIGHBORHOOD REVITALIZATION OR COMMUNITY ECONOMIC DEVELOPMENT, AND TO CONTRACT WITH AN APPROPRIATE POLITICAL SUBDIVISION ("A PUBLIC BODY" AS DEFINED IN ORS 30.620) OF THE STATE OF OREGON TO ADMINISTER SUCH PROGRAM IN THE NAME OF THIS CORPORATION. 8 8 0 8 0 0 188229 226364 128350 126487 3213 388 73 0 319865 353239 0 0 0 0 0 0 0 0 0 473460 418415 473460 418415 -153595 -65176 7879106 7682904 2105952 1951873 5773154 5731031 X THE PRINCIPAL PURPOSES OF THIS CORPORATION SHALL BE TO ACT AS AN INTERMEDIARY BORROWER/RELENDER WITHIN THE SCOPE OF A CERTAIN "INTERMEDIARY RELENDING PROGRAM" ESTABLISHED BY THE U.S. DEPARTMENT OF AGRICULTURE, FARMERS HOME ADMINISTRATION (FMHA), AS A LENDER OF OTHER PUBLIC FUNDS SUCH AS THOSE MADE AVAILABLE UNDER THE RURAL BUSINESS ENTERPRISE GRANT PROGRAM ESTABLISHED BY FMHA AND FUNDS THAT MAY BE DERIVED FROM OTHER PUBLIC AGENCIES TO ACCOMPLISH SIMILAR GOALS, AND PROVIDE AFFORDABLE HOUSING THAT IS DECENT, SAFE, AND SANITARY FOR LOW-INCOME FAMILIES, TO CARRY OUT A NEIGHBORHOOD REVITALIZATION OR COMMUNITY ECONOMIC DEVELOPMENT, AND TO CONTRACT WITH AN APPROPRIATE POLITICAL SUBDIVISION ("A PUBLIC BODY" AS DEFINED IN ORS 30.620) OF THE STATE OF OREGON TO ADMINISTER SUCH PROGRAM IN THE NAME OF THIS CORPORATION. 0 0 391898 126487 PROVIDED LOANS TO SMALL BUSINESSES LOCATED IN RURAL COMMUNITIES OF CLACKAMAS, MARION, POLK, AND YAMHILL COUNTIES IN OREGON. ONE LOAN WAS MADE DURING THE FISCAL YEAR AND AS OF JUNE 30, 2024, THIRTEEN LOANS WERE OUTSTANDING. IN ADDITION, STAFF ASSISTED NINE HOMEOWNERS WITH OVER $89,000 IN LOW INTEREST LOANS THROUGH THE TRADITIONAL HOUSING REHABILITATION LOAN PROGRAM. 391898 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 23 0 1 0 0 0 0 0 0 0 0 0 X 8 8 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 OR X MWVCOG 5035886177 100 HIGH STREET SE 200 SALEM OR 97301 DERIK MUNNS PRESIDENT 1.00 X X 0 0 0 ALEX RHOTEN VICE PRESIDENT 1.00 X X 0 0 0 ANDY BENNETT SECRETARY 1.00 X X 0 0 0 NATALIE MCRAE CARMICHAEL PROGRAM DIRECTOR 2.00 38.00 X 0 113668 36125 RAY TEASLEY TREASURER 1.00 X X 0 0 0 SAM BRENTANO DIRECTOR 1.00 X 0 0 0 TRUMAN STONE DIRECTOR 1.00 X 0 0 0 LESA GOFF DIRECTOR 1.00 X 0 0 0 KENNA WEST DIRECTOR 1.00 X 0 0 0 0 113668 36125 0 0 0 0 MID-WILLAMETTE VALLEY COUNCIL OF GOVERNM 100 HIGH ST SE STE 200 SALEM OR 97301 MANAGEMENT FEES 265630 1 226364 226364 INTEREST INCOME 525990 119642 119642 HOUSING PROGRAM 531390 6845 6845 126487 388 388 353239 126487 0 388 X 76442 76442 17297 17297 184107 184107 2864 2864 10242 10242 6356 6356 LOAN FEES & COSTS 121107 121107 418415 391898 26517 0 2728090 2842991 1010407 1021230 5412 1 51756 4074880 3812626 8561 6056 7879106 7682904 47102 6562 1000000 1010843 1058850 934468 2105952 1951873 X 5773154 5731031 5773154 5731031 7879106 7682904 -65176 23053 0 X 0 1 X 1 1 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 PROGRAM LOANS RECEIVABLE 3812626 C 3812626 X 353239 0 353239 0 353239 418415 0 418415 0 418415 PART X, LINE 2: VDI IS EXEMPT FROM FEDERAL AND STATE TAXES ON INCOME UNDER IRS CODE SECTION 501(C)(4). FEDERAL AND STATE INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES UNTIL THE STATUTES OF LIMITATION EXPIRE. IN GENERAL, THE FEDERAL AND STATE STATUTES OF LIMITATION ARE THREE YEARS. LIABILITIES ASSOCIATED WITH ANY UNCERTAIN TAX POSITIONS WOULD BE RECOGNIZED IN AN INCOME TAX PROVISION WHEN THEY BECOME PROBABLE AND ESTIMABLE. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION CONTRACTS FOR SERVICES WITH MID-WILLAMETTE VALLEY COUNCIL OF GOVERNMENTS WHO PROVIDES STAFF AND OTHER RESOURCES. FORM 990, PART VI, SECTION B, LINE 11B FINANCE DIRECTOR OF RELATED ENTITY, MID WILLAMETTE VALLEY COUNCIL OF GOVERNMENTS, REVIEWS AND FILES THE 990. THE 990 IS SENT VIA EMAIL FOR INTERNAL BOARD REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH LOAN APPLICATION THAT COMES BEFORE THE BOARD REQUIRES THAT BOARD MEMBERS DISCLOSE ANY CONFLICT OF INTEREST REGARDING THE POTENTIAL LOAN. DOCUMENTATION OF THAT PROCESS THEN BECOMES PART OF THE LOAN PACKAGE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G HOUSING REHAB PAYMENTS: PROGRAM SERVICE EXPENSES 184,107. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 184,107. VDI LLC 100 HIGH STREET SE STE 200 SALEM OR 97301 113707315 REAL ESTATE INVESTMENT OR 0 0 VALLEY DEVELOPMENT INITIATIVES MID-WILLAMETTE VALLEY COUNCIL OF GOVERNMENTS 100 HIGH STREET SE STE 200 SALEM OR 97301 930628532 MWVCOG IS A VOLUNTARY ORGANIZATION COMPRISED OF LOCAL GOVERNMENTS. OR 115 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 1 0 MID WILLAMETTE VALLEY COUNCIL OF GOVERNMENTS M 228682 ACCOUNTING RECORDS