Totals
- Total revenue
- $3,388,032
- Total expenses
- $2,490,001
- Contributions and grants received
- $2,436,244
- Grants paid
- $500,081
- Program service revenue
- $931,167
- Investment income
- $4,229
- Other revenue
- $16,392
- Total assets, end of year
- $18,995,034
- Total liabilities, end of year
- $3,142,459
- Net assets or fund balances, end of year
- $15,852,575
- Program services expenses (Part IX)
- $1,806,061
- Management and general expenses
- $540,965
- Fundraising expenses
- $142,975
- Program service expenses (Part III)
- $1,806,061
Program services were 72.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$2,157,458
-
1f · All other contributions, gifts and grants
$278,786
-
2a · Program service revenue: INTEREST INCOME
total $573,596 · related or exempt $573,596
-
2b · Program service revenue: LOAN FEES
total $304,240 · related or exempt $304,240
-
2c · Program service revenue: PROGRAM FEES
total $47,908 · related or exempt $47,908
-
2d · Program service revenue: LOAN DISCOUNT
total $5,423 · related or exempt $5,423
-
3 · Investment income
total $4,229 · excluded $4,229
-
11a · Other revenue: MISCELLANEOUS INCOME
total $16,392 · related or exempt $16,392
-
11e · Other revenue, total
$16,392
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $500,081 · program services $500,081
-
5 · Compensation of officers, directors and key employees
total $148,629 · program services $97,174 · management and general $37,387 · fundraising $14,068
-
7 · Other salaries and wages
total $1,015,875 · program services $664,184 · management and general $255,539 · fundraising $96,152
-
8 · Pension plan contributions
total $23,689 · program services $15,488 · management and general $5,959 · fundraising $2,242
-
9 · Other employee benefits
total $126,381 · program services $82,628 · management and general $31,791 · fundraising $11,962
-
10 · Payroll taxes
total $112,814 · program services $73,758 · management and general $28,378 · fundraising $10,678
-
11b · Fees: legal
total $12,164 · program services $7,102 · management and general $4,937 · fundraising $125
-
11c · Fees: accounting
total $19,826 · program services $11,576 · management and general $8,046 · fundraising $204
-
11g · Fees: other
total $215,263 · program services $125,683 · management and general $87,361 · fundraising $2,219
-
13 · Office expenses
total $138,274 · program services $99,980 · management and general $35,820 · fundraising $2,474
-
16 · Occupancy
total $29,534 · program services $20,165 · management and general $8,760 · fundraising $609
-
17 · Travel
total $20,342 · program services $6,813 · management and general $13,221 · fundraising $308
-
19 · Conferences, conventions and meetings
total $12,844 · program services $5,014 · management and general $7,634 · fundraising $196
-
20 · Interest
total $22,912 · program services $22,892 · management and general $17 · fundraising $3
-
22 · Depreciation, depletion and amortization
total $38,283 · program services $30,115 · management and general $7,093 · fundraising $1,075
-
23 · Insurance
total $29,096 · program services $19,866 · management and general $8,630 · fundraising $600
-
24a · Other expenses: CREDIT AND LOAN EXPENSE
total $23,994 · program services $23,542 · management and general $392 · fundraising $60
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,752,695 · end of year $1,806,024
-
2 · Savings and temporary cash investments
beginning of year $4,133,568 · end of year $4,890,355
-
3 · Pledges and grants receivable
beginning of year $156,453 · end of year $658,186
-
4 · Accounts receivable
beginning of year $23,182 · end of year $24,401
-
7 · Other notes and loans receivable
beginning of year $10,593,910 · end of year $11,075,518
-
9 · Prepaid expenses and deferred charges
beginning of year $29,664 · end of year $94,723
-
10a · Land, buildings and equipment: cost or other basis
$1,201,708
-
10b · Land, buildings and equipment: accumulated depreciation
$933,757
-
10c · Land, buildings and equipment, net
beginning of year $272,060 · end of year $267,951
-
15 · Other assets
beginning of year $55,260 · end of year $177,876
-
17 · Accounts payable and accrued expenses
beginning of year $151,699 · end of year $121,423
-
19 · Deferred revenue
beginning of year $375,606 · end of year $1,709,266
-
24 · Unsecured notes and loans payable
beginning of year $1,350,000 · end of year $1,100,000
-
25 · Other liabilities
beginning of year $110,273 · end of year $211,770
-
27 · Net assets without donor restrictions
beginning of year $13,014,314 · end of year $13,530,175
-
28 · Net assets with donor restrictions
beginning of year $2,014,900 · end of year $2,322,400
Mission and programs · 2022
Mission
EVERYONE DESERVES ACCESS TO HOMEOWNERSHIP. THE PORTLAND HOUSING CENTER MAKES IT POSSIBLE THROUGH QUALITY EDUCATION, COUNSELING AND FINANCIAL SERVICES.
-
HOME BUYING EDUCATION AND GUIDANCE: PORTLAND HOUSING CENTER PROVIDES PRE-PURCHASE HOME BUYER EDUCATION, PRE-PURCHASE ONE-ON-ONE COUNSELING AND CLASSES ON FINANCIAL LITERACY FOR HOMEOWNERS.
Expenses $1,239,434 · Grants $412,790 · Revenue $47,908
-
FINANCIAL SERVICES: PORTLAND HOUSING CENTER PROVIDES SEVERAL TYPES OF DIRECT FINANCIAL ASSISTANCE TO ELIGIBLE HOME BUYERS INCLUDING DOWN PAYMENT ASSISTANCE GRANTS, MATCH SAVINGS FUNDS, AND A FULLY AMORTIZING 2ND MORTGAGE PRODUCT. PORTLAND HOUSING CENTER ALSO SERVES AS AN OREGON LICENSED MORTGAGE BROKER FOR FIRST MORTGAGES AND REFINANCES.
Expenses $566,627 · Grants $87,291 · Revenue $892,651
As filed on the 2022 return.
Listed in Part VII
-
Robert Walker JrROBERT WALKER JR
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Debra NealDEBRA NEAL
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Tanja LuxTANJA LUX
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Deona DelongDEONA DELONG
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Mike SchraderMIKE SCHRADER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ta'Neshia RenaeTA'NESHIA RENAE
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Camille Elmore TrummerCAMILLE ELMORE TRUMMER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Alma FloresALMA FLORES
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jeff PratuchJEFF PRATUCH
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ada DortchADA DORTCH
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Alex PerezALEX PEREZ
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Meesha JonesMEESHA JONES
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dana ShepherdDANA SHEPHERD
EXECUTIVE DIRECTOR
- Total calculated
- $165,631
- From this org
- $156,428
- From related orgs
- $0
- Other
- $9,203
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $156,428
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $9,203
- Filer's total
- $165,631
-
Heidi MartinHEIDI MARTIN
LENDING DIRECTOR
- Total calculated
- $122,792
- From this org
- $113,589
- From related orgs
- $0
- Other
- $9,203
- Hours/week
- 40
-
Mark PalardyMARK PALARDY
FINANCE DIRECTOR
- Total calculated
- $121,539
- From this org
- $112,336
- From related orgs
- $0
- Other
- $9,203
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Independent compensation consultant
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- THE HIGHEST PAID EMPLOYEES COMPENSATION IS A COMBINATION OF AN ANNUAL SALARY, 401K BENEFIT + PAID MEDICAL. THERE WERE NO OTHER ALLOWNACES FROM THE LIST ABOVE, NUMBER 1, PAID TO ANY EMPLOYEE.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 18 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202410809349301001
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.