Totals
- Total revenue
- $10,403,303
- Total expenses
- $1,933,931
- Contributions and grants received
- $9,894,144
- Grants paid
- $206,556
- Program service revenue
- $479,577
- Investment income
- $29,318
- Other revenue
- $264
- Total assets, end of year
- $54,404,424
- Total liabilities, end of year
- $6,848,048
- Net assets or fund balances, end of year
- $47,556,376
- Program services expenses (Part IX)
- $1,728,636
- Management and general expenses
- $89,581
- Fundraising expenses
- $115,714
- Program service expenses (Part III)
- $1,728,636
Program services were 89.4% 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)
$9,495,148
-
1f · All other contributions, gifts and grants
$398,996
-
1g · Noncash contributions included above
$5,944,000
-
2a · Program service revenue: DEVELOPER FEES
total $215,433 · related or exempt $215,433
-
2b · Program service revenue: LEASE FEES
total $264,144 · related or exempt $264,144
-
3 · Investment income
total $29,318 · excluded $29,318
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $264 · related or exempt $264
-
11e · Other revenue, total
$264
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $206,556 · program services $206,556
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $150,391 · program services $132,330 · management and general $10,292 · fundraising $7,769
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $726,234 · program services $639,016 · management and general $49,699 · fundraising $37,519
-
8 · Pension plan contributions
total $18,182 · program services $15,999 · management and general $1,244 · fundraising $939
-
9 · Other employee benefits
total $65,563 · program services $57,689 · management and general $4,487 · fundraising $3,387
-
10 · Payroll taxes
total $70,765 · program services $62,266 · management and general $4,843 · fundraising $3,656
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $439,021 · program services $374,324 · management and general $8,922 · fundraising $55,775
-
12 · Advertising and promotion
total $4,508 · program services $3,726 · management and general $782
-
13 · Office expenses
total $3,735 · program services $3,369 · management and general $223 · fundraising $143
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $56,620 · program services $50,402 · management and general $3,540 · fundraising $2,678
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $87,133 · program services $82,014 · management and general $2,741 · fundraising $2,378
-
20 · Interest
total $12,000 · program services $12,000
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $603 · program services $531 · management and general $41 · fundraising $31
-
23 · Insurance
total $46,304 · program services $45,020 · management and general $731 · fundraising $553
-
24a · Other expenses: ACQUISITION & SALES EXPENSES
total $29,654 · program services $29,654
-
24b · Other expenses: MISCELLANEOUS EXPENSES
total $6,073 · program services $4,856 · management and general $579 · fundraising $638
-
24c · Other expenses: BAD DEBT
total $4,730 · program services $3,944 · management and general $786
-
24d · Other expenses: Printing and Publications
total $2,757 · program services $2,474 · management and general $161 · fundraising $122
-
24e · All other expenses
total $3,102 · program services $2,466 · management and general $510 · fundraising $126
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $620,682 · end of year $789,525
-
2 · Savings and temporary cash investments
beginning of year $1,642,631 · end of year $2,750,021
-
3 · Pledges and grants receivable
beginning of year $764,664 · end of year $425,181
-
4 · Accounts receivable
beginning of year $83,067 · end of year $29,988
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $19,902 · end of year $22,050
-
10a · Land, buildings and equipment: cost or other basis
$46,701,660
-
10b · Land, buildings and equipment: accumulated depreciation
$79,754
-
10c · Land, buildings and equipment, net
beginning of year $38,219,700 · end of year $46,621,906
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $181,317 · end of year $3,765,753
-
17 · Accounts payable and accrued expenses
beginning of year $67,684 · end of year $119,701
-
19 · Deferred revenue
beginning of year $13,590 · end of year $1,289,221
-
23 · Secured mortgages and notes payable
beginning of year $1,523,874 · end of year $4,679,101
-
24 · Unsecured notes and loans payable
beginning of year $400,000 · end of year $400,000
-
25 · Other liabilities
beginning of year $439,811 · end of year $360,025
-
27 · Net assets without donor restrictions
beginning of year $1,811,038 · end of year $2,080,596
-
28 · Net assets with donor restrictions
beginning of year $37,275,966 · end of year $45,475,780
Mission and programs · 2023
Mission
PROVIDE PERMANENTLY AFFORDABLE HOME OWNERSHIP OPPORTUNITIES USING THE LAND TRUST MODEL, UNDER WHICH PROUD GROUND ADMINISTERS SUBSIDY FUNDS TO BUY DOWN THE PURCHASE PRICE OF HOMES. RESALE PROVISIONS ENSURE HOMES' PERMANENT AFFORDABILITY.
-
HOMEBUYER, HOMEOWNER AND OUTREACH SERVICESCOMMUNITY OUTREACH DELIBERATE RESEARCH AND DIALOGUE RESULTED IN AN OUTREACH STRATEGY THAT HAS INCREASED THE ORGANIZATIONS SERVICE TO COMMUNITIES OF COLOR AND STRENGTHENED ITS ABILITY TO UNDERSTAND AND BREAK DOWN BARRIERS FOR THESE HOUSEHOLDS. THE ORGANIZATION USES A COMBINATION OF GRASS ROOTS ACTIVITIES, PARTNERSHIPS, AND OUTREACH STRATEGIES TO REACH UNDERSERVED COMMUNITIES WITH INFORMATION ABOUT THE ORGANIZATIONS HOMEOWNERSHIP PROGRAM AND HOME BUYING OPPORTUNITIES. ALL OUTREACH ACTIVITIES INCORPORATE CULTURALLY-RESPONSIVE MATERIALS AND METHODS, WITH TRANSLATION AND INTERPRETERS PROVIDED TO NON-ENGLISH SPEAKERS.HOME BUYER EDUCATION AND COUNSELING A KEY COMPONENT OF THE ORGANIZATIONS PROGRAMS AND SERVICES IS ITS HUD-APPROVED, EDUCATION AND COUNSELING PROVIDED TO PROSPECTIVE AND ACTIVE HOME BUYERS. HUD AND NEIGHBORWORKS CERTIFIED COUNSELORS ASSIST HOUSEHOLDS WORKING TOWARDS MORTGAGE READINESS THROUGH INDIVIDUAL COACHING AND REFERRAL TOPICS THAT INCLUDE DEBT REDUCTION; IMPROVING CREDIT SCORES; BUDGETING; AND CREATING A SAVINGS PLAN. EDUCATIONAL OPPORTUNITIES ARE ALSO PROVIDED IN BI-MONTHLY NEWSLETTERS AND WORKSHOPS.HOMEBUYER CRITERIA ALL OF THE ORGANIZATIONS HOMEBUYERS ARE REQUIRED TO ATTEND:(1) THE ORGANIZATIONS FREE HOMEOWNERSHIP ORIENTATION CLASS;(2) HOMEBUYING 101 CLASS, AN 8-HOUR EDUCATION CLASS PROVIDED BY A SEPARATE, APPROVED ORGANIZATION.THESE EDUCATION REQUIREMENTS ARE IN ADDITION TO THE REQUIREMENTS THAT HOMEBUYERS MEET INCOME AND OTHER FUNDER-REQUIRED CRITERIA (E.G., FIRST-TIME HOMEBUYER STATUS). POST-PURCHASE, HOMEOWNER SUPPORT TO PROMOTE HOMEOWNER STABILITY AND SUCCESS, THE ORGANIZATIONS HOMEOWNERS HAVE ACCESS TO A VARIETY OF RESOURCES. POST-SUPPORT SERVICES INCLUDE THE OFFER OF HOME INSPECTIONS BY PROJECT MANAGEMENT STAFF, TOWARD HOME MAINTENANCE RECOMMENDATIONS; IDA MATCHING GRANTS FOR APPROVED HOME REPAIR AND MAINTENANCE PROJECTS AND FOR ENERGY EFFICIENCY UPGRADES; HOMEOWNER NEWSLETTERS, SURVEYS, AND WORKSHOPS THROUGHOUT THE YEAR; ASSISTANCE WITH HOME LOAN REFINANCING AND OTHER LENDER-RELATION ISSUES.MEMBERSHIP THE ORGANIZATION IS A MEMBERSHIP ORGANIZATION. MEMBERSHIP IS OPEN TO ANYONE WHO LIVES OR WORKS IN PROUD GROUNDS SERVICE AREA AND DONATES AT LEAST $25 A YEAR; ALL THE ORGANIZATIONS HOMEOWNERS ARE AUTOMATICALLY MEMBERS. THE ORGANIZATION ISSUES REGULAR NEWSLETTERS AND ONE ANNUAL REPORT TO ALL MEMBERS, STAKEHOLDERS, DONORS, AND FUNDERS. THE ORGANIZATION ALSO HOLDS AN ANNUAL MEETING AT WHICH MEMBERS AND OTHERS IN ATTENDANCE RECEIVE AN ORGANIZATIONAL UPDATE AND ELECT THE BOARD OF DIRECTORS, UNLESS THE ELECTION IS CONDUCTED BY MAIL.RESALE OF HOMES THE ORGANIZATION FACILITATES THE RESALE OF HOMES ON LAND HELD IN TRUST TO NEW ELIGIBLE HOMEOWNERS. FROM 1999 TO 2023, THERE HAVE BEEN ONE HUNDRED EIGHT (114) SUCH SALES.
Expenses $1,391,612 · Grants $206,556 · Revenue $264,144
-
ACQUISITION AND PROJECT DEVELOPMENTNEW CONSTRUCTION THE ORGANIZATION HAS PARTNERED WITH PRIVATE AND NONPROFIT DEVELOPERS TO DESIGN, FINANCE, AND CONSTRUCT HOMES TO SELL TO INCOME-QUALIFIED BUYERS. THE ORGANIZATION EITHER OWNS THE LAND OR WILL RECEIVE THE TITLE TO THE LAND WHEN THE IMPROVEMENTS ARE SOLD TO A NEW HOMEOWNER. IN 2010, CONDOMINIUMS FIRST ENTERED THE ORGANIZATIONS PORTFOLIO. WITH CONDOMINIUMS, THE ORGANIZATION HOLDS A DEED COVENANT. FROM 1999 THROUGH THE END OF 2023, PROUD GROUND AND ITS PARTNERS BUILT 40 SINGLE-FAMILY RESIDENCES AND 179 RESIDENCES IN MULTI-FAMILY SETTINGS THAT ARE NOW OCCUPIED BY HOMEOWNERS.PROUD GROUND IS PURSUING THE ROLE OF LEAD DEVELOPER IN NEW CONSTRUCTION PROJECTS DUE TO OPPORTUNITIES TO BUILD MORE INVENTORY TO MEET THE STRATEGIC GOALS OF THE ORGANIZATION. EACH OPPORTUNITY FOR PROUD GROUND TO SERVE AS LEAD DEVELOPER IN NEW CONSTRUCTION PROJECTS WILL BE THOROUGHLY EXAMINED BY BOARD AND STAFF TO DETERMINE PROJECT FEASIBILITY. PROUD GROUND IS CURRENTLY WORKING WITH DEVELOPERS ON NEW SPIRIT VILLAGE, AN 83 UNIT DEVELOPMENT IN MEDFORD, OREGON, AS WELL AS NET ZERO DEVELOPMENTS IN PORTLAND WITH FUNDING FROM THE PORTLAND CLEAN ENERGY FUND.BUYER-INITIATED GRANTS OFTEN FUNDS ARE PROVIDED FROM EXTERNAL SOURCE/SOURCES TO OFFER HOME BUYERS GRANTS WITH WHICH TO PURCHASE HOMES ON THE OPEN MARKET; THE AMOUNT OF THE GRANT BUYS DOWN THE PURCHASE PRICE OF THE HOME, MAKING IT AFFORDABLE TO LOW- AND MODERATE-INCOME FIRST-TIME HOMEBUYERS. OFTEN THE GRANTS COME WITH GEOGRAPHIC RESTRICTIONS AND/OR REQUIRE THAT A PORTION OF THE GRANT BE USED TOWARD NECESSARY REPAIRS AND/OR ENERGY EFFICIENCY UPGRADES. ALL HOMES PURCHASED WITH SUCH GRANTS BECOME PART OF THE ORGANIZATIONS PORTFOLIO OF PERMANENTLY AFFORDABLE HOMES, WITH PROUD GROUND RECEIVING TITLE TO THE LAND. FROM 1999 TO DECEMBER 31, 2023, 212 BUYER-INITIATED GRANTS HAVE BEEN ADMINISTERED.ACQUISITION REHAB OFTEN FUNDS ARE PROVIDED TO THE LLC TO PURCHASE AND RENOVATE DISTRESSED HOMES. AFTER FULL RENOVATION, THE HOMES ARE OFFERED FOR SALE TO INCOME-QUALIFIED BUYERS. SINCE 1999, FIFTY SEVEN (57) HOMES HAVE BEEN ACQUIRED, RENOVATED AND SOLD THROUGH THIS PROGRAM.OTHER OCCASIONALLY EQUITY IN A HOUSE OR CONDOMINIUM IS DONATED TO THE ORGANIZATION WHEN SOLD TO A QUALIFIED HOMEBUYER. BETWEEN 1999 AND DECEMBER 31, 2023, EIGHT (8) HOMES ENTERED PROUD GROUNDS PORTFOLIO THIS WAY.
Expenses $337,024 · Revenue $215,433
As filed on the 2023 return.
Listed in Part VII
-
DIANE LINN
Executive Dir.
- Total calculated
- $95,786
- From this org
- $86,954
- From related orgs
- $0
- Other
- $8,832
- Hours/week
- 40
-
DOMINIQUE MERRYWEATHER
Executive Dir.
- Total calculated
- $54,605
- From this org
- $51,377
- From related orgs
- $0
- Other
- $3,228
- Hours/week
- 40
-
CLAIRE HALL
CO-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
VICTOR CAESAR
CO-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
ADAM BOESEL
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
DEBORAH STEIN
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
MARTIN CORNEJO TORRES
Director
- Total calculated
- $0
- Hours/week
- 1
-
PEDRO CRUZ
Director
- Total calculated
- $0
- Hours/week
- 1
-
SHARON WADE ELLIS
Director
- Total calculated
- $0
- Hours/week
- 1
-
KARIN KEY
Director
- Total calculated
- $0
- Hours/week
- 1
-
MATINA KAUFFMAN
Director
- Total calculated
- $0
- Hours/week
- 1
-
CARLENE LODESKI
Director
- Total calculated
- $0
- Hours/week
- 1
-
GARRETT STEPHENSON
Director
- Total calculated
- $0
- Hours/week
- 1
-
JORDAN MCNACK
Director
- Total calculated
- $0
- Hours/week
- 1
-
WENDA TAI
Director
- Total calculated
- $0
- Hours/week
- 1
-
STACEY TRIPLETT
Director
- Total calculated
- $0
- Hours/week
- 1
-
NAZDAR ZADA
Director
- Total calculated
- $0
- Hours/week
- 1
-
BENJAMIN MELLES
Director
- Total calculated
- $0
- Hours/week
- 1
-
JOSEPH PORTILLO
Director
- Total calculated
- $0
- Hours/week
- 1
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.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
PCLT DEVELOPMENT LLC
DEVELOP REAL ESTATE FOR QUALIFIED LOW INCOME FAMILIES · OR · assets $4,020,509
Directly controlled by PROUD GROUND
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 7 June 2024
- IRS schema version
- 2023v5.1
- Source object
- 202401909349300330
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