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Nonprofiteer
← HACIENDA COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by HACIENDA COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$13,369,686
Total expenses
$13,617,911
Contributions and grants received
$8,626,724
Grants paid
$520,560
Program service revenue
$3,972,060
Investment income
$384,031
Other revenue
$386,871
Total assets, end of year
$52,378,247
Total liabilities, end of year
$12,157,127
Net assets or fund balances, end of year
$40,221,120
Program services expenses (Part IX)
$10,523,489
Management and general expenses
$2,591,745
Fundraising expenses
$502,677
Program service expenses (Part III)
$10,523,489

Program services were 77.3% 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.

  • 1c · Fundraising events

    $164,194

  • 1e · Government grants (contributions)

    $7,035,419

  • 1f · All other contributions, gifts and grants

    $1,427,111

  • 2a · Program service revenue: RENTAL INCOME

    total $3,724,955 · related or exempt $3,724,955

  • 2b · Program service revenue: SERVICE REVENUE

    total $247,105 · related or exempt $247,105

  • 3 · Investment income

    total $384,031 · related or exempt $384,031

  • 8a · Fundraising events: gross income

    $154,750

  • 8a · Fundraising events: contributions included on line 1c

    $164,194

  • 8b · Fundraising events: direct expenses

    $139,957

  • 8c · Net income from fundraising events

    total $14,793 · excluded $14,793

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $372,078 · related or exempt $372,078

  • 11e · Other revenue, total

    $372,078

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $520,560 · program services $520,560

  • 5 · Compensation of officers, directors and key employees

    total $805,686 · program services $566,921 · management and general $194,524 · fundraising $44,241

  • 7 · Other salaries and wages

    total $3,730,144 · program services $2,624,717 · management and general $900,601 · fundraising $204,826

  • 9 · Other employee benefits

    total $563,304 · program services $363,173 · management and general $182,653 · fundraising $17,478

  • 10 · Payroll taxes

    total $446,916 · program services $319,263 · management and general $105,401 · fundraising $22,252

  • 11a · Fees: management

    total $267,624 · program services $267,624

  • 11b · Fees: legal

    total $48,988 · program services $36,852 · management and general $12,136

  • 11c · Fees: accounting

    total $91,545 · program services $2,280 · management and general $89,265

  • 11g · Fees: other

    total $1,051,610 · program services $643,386 · management and general $289,298 · fundraising $118,926

  • 12 · Advertising and promotion

    total $89,248 · program services $42,512 · management and general $43,553 · fundraising $3,183

  • 13 · Office expenses

    total $199,998 · program services $121,028 · management and general $72,253 · fundraising $6,717

  • 14 · Information technology

    total $99,084 · program services $52,380 · management and general $44,204 · fundraising $2,500

  • 16 · Occupancy

    total $1,151,512 · program services $1,040,445 · management and general $110,713 · fundraising $354

  • 17 · Travel

    total $70,632 · program services $29,837 · management and general $38,678 · fundraising $2,117

  • 20 · Interest

    total $637,052 · program services $529,715 · management and general $107,337

  • 22 · Depreciation, depletion and amortization

    total $1,155,727 · program services $1,155,727

  • 23 · Insurance

    total $323,674 · program services $104,572 · management and general $219,102

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $1,512,553 · program services $1,425,992 · management and general $84,341 · fundraising $2,220

  • 24b · Other expenses: PROGRAM SUPPLIES

    total $634,550 · program services $511,708 · management and general $52,509 · fundraising $70,333

  • 24c · Other expenses: DIRECT ASSISTANCE

    total $106,388 · program services $105,038 · management and general $1,350 · fundraising $0

  • 24d · Other expenses: STAFF DEVELOPMENT

    total $51,336 · program services $20,133 · management and general $31,173 · fundraising $30

  • 24e · All other expenses

    total $59,780 · program services $39,626 · management and general $12,654 · fundraising $7,500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,174,155 · end of year $5,829,554

  • 2 · Savings and temporary cash investments

    beginning of year $3,092,143 · end of year $3,775,833

  • 3 · Pledges and grants receivable

    beginning of year $1,160,385 · end of year $767,539

  • 4 · Accounts receivable

    beginning of year $2,103,082 · end of year $3,288,857

  • 7 · Other notes and loans receivable

    beginning of year $45,000 · end of year $250,600

  • 9 · Prepaid expenses and deferred charges

    beginning of year $309,753 · end of year $184,581

  • 10a · Land, buildings and equipment: cost or other basis

    $39,349,818

  • 10b · Land, buildings and equipment: accumulated depreciation

    $11,258,154

  • 10c · Land, buildings and equipment, net

    beginning of year $37,141,783 · end of year $28,091,664

  • 11 · Investments: publicly traded securities

    beginning of year $3,092,143 · end of year $2,280,148

  • 14 · Intangible assets

    beginning of year $7,436 · end of year $7,436

  • 15 · Other assets

    beginning of year $8,489,594 · end of year $7,902,035

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,237,894 · end of year $2,025,915

  • 18 · Grants payable

    beginning of year $0 · end of year $79,500

  • 19 · Deferred revenue

    beginning of year $217,437 · end of year $120,200

  • 23 · Secured mortgages and notes payable

    beginning of year $18,401,436 · end of year $9,360,013

  • 25 · Other liabilities

    beginning of year $1,025,663 · end of year $571,499

  • 27 · Net assets without donor restrictions

    beginning of year $30,635,841 · end of year $27,673,574

  • 28 · Net assets with donor restrictions

    beginning of year $10,097,203 · end of year $12,547,546

Mission and programs · 2023

Mission

HACIENDA IS A LATINO COMMUNITY DEVELOPMENT CORPORATION THAT STRENGTHENS FAMILIES BY PROVIDING AFFORDABLE HOUSING, HOMEOWNERSHIP SPUPORT, ECONOMIC ADVANCEMENT, AND EDUCATIONAL OPPORTUNTIES.

Activities or mission (Part I)

THE ORGANIZATION DEVELOPS AFFORDABLE HOUSING AND PROVIDES SUPPORTIVE SERVICES.

  • AFFORDABLE HOUSING AND COMMERCIAL PROPERTY DEVELOPMENT AND MANAGEMENT: IN ADDITION TO ITS RESIDENTIAL PROPERTIES, HCDC DEVELOPED AND OPERATES ITS ADMINISTRATIVE OFFICE BUILDING AND 2 COMMERCIAL SPACES: THE PORTLAND MERCADO AND THE ORTIZ CENTER. THE PORTLAND MERCADO IS A COMMERCIAL SPACE THAT OPERATES AS A SMALL BUSINESS AND FOOD SERVICES INCUBATOR, PUBLIC MARKET, AND FOOD CART POD. THE BALTAZAR F. ORTIZ CENTER HOUSES A COUNTY HEALTH CLINIC AND FAMILY RESOURCE CENTER. HACIENDA CONTINUES TO DEVELOP AND BUILD PROTOTYPES OF MODULAR HOUSING USING MASS TIMBER. THE PROJECT, CALLED MASS CASITAS, IS IN PARTNERSHIP WITH THE PORT OF PORTLAND AND STATE OF OREGON.

    Expenses $6,135,154 · Revenue $2,989,288

  • YOUTH AND FAMILY SERVICES: HACIENDA'S YOUTH AND FAMILY SERVICES DEPARTMENT PROVIDES EDUCATIONAL AND SOCIAL SUPPORT TO CHILDREN AND PARENTS. THE PROGRAMS THEY DEVLIERED ARE DESIGNED TO PROMOTE HEALTHY AND VIBRANT PARENT-CHLID RELATIONSHIPS, HELP CHILDREN REACH THEIR FULL POTENTIAL AND GIVE PARENTS THE TOOLS TO SUPPORT THEIR CHILD'S EDUCATIONAL AND EMOTIONAL DEVELOPMENT. HACIENDA'S BILINGUAL AND BICULTURAL STAFF, IN COLLABORATION WITH OTHER CULTURALLY SPECFIC COMMUNITY PARTNERS, ADMINISTER ALL YOUTH AND FAMILY SUPPORT PROGRAMS WHICH INCLUDE:EXPRESIONES, HACIENDA'S AFTERSCHOOL AND SUMMER PROGRAM WHICH SERVES YOUTH GRADES K-8.NINOS, HACIENDA'S EARLY CHILDHOOD EDUCATION PROGRAM, SERVES LATINO CHILDREN THROUGHOUT MULTNOMAH COUNTY WITH HOME VISITING, EDUCATIONAL WORKSHOPS AND PARENTING SUPPORT GROUPS.SUN YOUTH ADVOCACY PROVIDES CULTURALLY APPROPRIATE SUPPORT TO AT-RISK LATINO MIDDLE-SCHOOLERS AT GEORGE AND BEAUMONT MIDDLE SCHOOLS.ARROB@S, A NEW PROGRAM LAUNCHED IN 2020, IS FOCUSED ON ADVANCING STEM EDUCATION, DIGITAL LITERACY AND WORKFORCE READINESS FOR MIDDLE AND HIGH SCHOOL STUDENTS AND ADULTS.RESIDENT SERVICES PROGRAM OFFERS ONGOING SUPPORT TO RESIDENTS TO ENSURE THEIR HOUSING STABILITY WITH RESOURCES SUCH AS RENT, UTILITY AND TRANSPORTATION ASSISTANCE AND BUILDS CONNECTIONS TO RESOURCES AND THE COMMUNITY.

    Expenses $2,443,918 · Grants $80,052 · Revenue $639,816

  • ECONOMIC OPPORTUNITY: STARTED IN 2006, THE ECONOMIC OPPORTUNITY PROGRAM FORMS A CENTRAL PIECE OF HACIENDA'S STRATEGY TO HELP FAMILIES BUILD AND PROTECT THEIR ASSETS AND FINANCIAL SECURITY.ECONOMIC OPPORTUNITY INCLUDES TWO MAJOR PROGRAMS:HOMEOWNERSHIP: HACIENDA IS A HUD-APPROVED HOUSING COUNSELING PROGRAM WITH A TEAM OF CERTIFIED COUNSELORS. HACIENDA STAFF PROVIDE FINANCIAL COACHINGAND WORK WITH FAMILIES ONE-ON-ONE TO ASSIST THEM IN MAKING THE BEST FINANCIAL CHOICES FOR THEIR HOUSEHOLD. THE HOMEOWNERSHIP PROGRAM INCLUDES:THE CAMINO A CASA/PRE-PURCHASE PROGRAM PREPARES PROSPECTIVE HOMEBUYERS FOR OWNING A FIRST HOME. CLIENTS WORK WITH HACIENDA'S FINANCIAL COACHES AND HUD-CERTIFIED HOUSING COUNSELORS THROUGHOUT THE ENTIRETY OF THE HOME-BUYING PROCESS. IN ADDITION TO MORTGAGE-READINESS AND FINANCIAL FITNESS WORKSHOPS, THEY PROVIDE SEVERAL OPPORTUNITIES FOR DOWN-PAYMENT ASSISTANCE. CLIENTS ARE ASSISTED WITH OPENING INDIVIDUAL DEVELOPMENT ACCOUNTS (IDA'S) WHICH PROVIDE 5-1 MATCHING DOLLARS FOR DOWN PAYMENTS, SMALL BUSINESS, VEHICLE PURCHASE AND RETIREMENT.THE DEFAULT INTERVENTION PROGRAM PROVIDES SUPPORT TO HOMEOWNERS AT RISK OF FORECLOSURE. HACIENDA'S CERTIFIED HOUSING COUNSELORS WORK WITH THOSE STRUGGLING FINANCIALLY TO IDENTIFY AND EXPLORE ALL AVAILABLE OPTIONS BASED ON THEIR SPECIFIC SITUATIONS. SERVICES ARE FREE OF CHARGE.HACIENDA'S MERCADO EMPRESARIOS SUPPORTS ENTREPRENEURS THROUGH PERSONALIZEDTECHNICAL ASSISTANCE TO LAUNCH AND SCALE THEIR BUSINESSES, FOCUSING ON WOMEN-, MINORITY- AND IMMIGRANT-OWNED BUSINESSES. HACIENDA'S BILINGUAL/BICULTURAL BUSINESS ADVISORS PROVIDE ONE-ON-ONE TECHNICAL ASSISTANCE, HOST SPANISH-LANGUAGE SMALL BUSINESS BOOTCAMPS, A MONTHLY NETWORKING SEMINAR AND A VARIETY OF EVENTS AND SALES OPPORTUNITIES FOR ENTREPRENEURS. HACIENDA'S MERCADO EMPRESARIOS PROGRAM IS A CRITICAL PART OF THE BIPOC ENTREPRENEURIAL LANDSCAPE IN THE REGION, AND HACIENDA IS AN ACTIVE PARTNER IN PORTLAND'S INCLUSIVE BUSINESS RESOURCE NETWORK.HACIENDA'S COMMITMENT TO SMALL BUSINESSES AND ENTREPRENEURISM IS ALSO HIGHLIGHTED IN THEIR COMMERCIAL PROPERTY PORTLAND MERCADO, WITH 18 ON-SITE BUSINESSES AND A SLIDING-SCALE COMMERCIAL KITCHEN. PORTLAND MERCADO HAS BECOME A THRIVING HUB FOR CULTURAL EVENTS, FOOD, AND ENTREPRENEURISM. HACIENDA ACTIVATES THE SPACE THROUGH HOSTING AND SUPPORTING ON-SITE EVENTS.

    Expenses $1,944,417 · Grants $440,508 · Revenue $342,956

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • PETER PLATT

    CHAIR

    Total calculated
    $0
    Hours/week
    2.5

  • ANGELA MARTIN

    SECRETARY

    Total calculated
    $0
    Hours/week
    2.5

  • JAVIER ALOMIA

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2.5

  • BRAD MILLER

    TREASURER

    Total calculated
    $0
    Hours/week
    2.5

  • DON KROGH

    MEMBER

    Total calculated
    $0
    Hours/week
    2.5

  • OMAR MARTINEZ

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANTONIO LARA

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GUILLERMO SANDOVAL

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • HANSARY LAFOREST

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • AMANDA MANJARREZ

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ERNESTO FONSECA

    CEO

    Total calculated
    $206,999
    From this org
    $206,999
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $206,999
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $206,999

  • DIANA D NUNEZ CESARES

    COO

    Total calculated
    $116,170
    From this org
    $116,170
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • MATTHEW KEBBE

    CFO

    Total calculated
    $34,406
    From this org
    $34,406
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • GABRIELA ORDONEZ

    DIRECTOR OF ECONOMIC OPPORTUNITIES

    Total calculated
    $127,949
    From this org
    $127,949
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • LETICIA ARACELI CERVANTES PANTOJA

    DIRECTOR OF INNOVATION

    Total calculated
    $114,429
    From this org
    $114,429
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • MARYAM BOLOURI

    DIRECTOR OF REAL ESTATE DEVELOPMENT

    Total calculated
    $105,586
    From this org
    $105,586
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • GARRETT RUNCK

    PROJECT MANAGER

    Total calculated
    $100,147
    From this org
    $100,147
    From related orgs
    $0
    Other
    $0
    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 · 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

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • LAS ADELITAS LP

    RELATED · HOUSING · OR · 0.01% owned · share of income -$311 · share of assets $16,069,174 · general or managing partner

  • MIRAFLORES DEVELOPMENT LP

    RELATED · HOUSING · OR · 0.01% owned · share of income -$4 · general or managing partner

    Directly controlled by MIRAFLORES

  • ROCKWOOD 10 LP

    RELATED · HOUSING · OR · 0.01% owned · general or managing partner

  • VILLA DE CLARA VISTA LP

    RELATED · HOUSING · OR · 99.99% owned · general or managing partner

  • MAPLE OC LP

    RELATED · HOUSING · OR · 0.01% owned · general or managing partner

    Directly controlled by HACIENDA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • HCDC II INC

    C · HOUSING · OR · 0.01% owned

    Directly controlled by HACIENDA

Provenance

Return type
form_990
Tax year
2023
Filed
12 December 2025
IRS schema version
2023v6.0
Source object
202513469349301116

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