NonprofitsInnovative Housing Inc

Housing & Shelter

Innovative Housing Inc

PORTLAND, OR

Total revenue

$10.4M

Total expenses

$8.9M

Net assets

$46.3M

Grants received

$431K

13 grants

EIN

930877440

Tax year

2023

Mission

Develop, preserve and operate affordable housing for low and moderate- income households and provde services to residents to maintain housing stability, improve quality of life and break the cycle of poverty.

Programs

3 programs

Resident services - the organization complements its housing with resident services designed to help residents maintain their housing stability, improve their quality of life, and break the cycle of poverty. Resident service staff connect residents with existing community resources and service providers, advocate for residents, sponsor community building activities, coordinate on-site classes and workshops, and offer site-based programs including an eviction prevention program, financial education, an emergency fund, and a comprehensive youth and family program.

Expenses: $1.2M

Housing development - the organization creates and preserves affordable housing through new construction and the acquisition/rehabilitation of existing multifamily properties and historic buildings. The organization's rental housing serves low and very low-income families and individuals, seniors, people with disabilities, formerly homeless people, veterans, and households escaping domestic violence.

Expenses: $438K

Asset management - the organization is the managing general partner or managing member for several limited partnerships (lps)/ limited liability companies (llcs) that own affordable rental units in oregon and washington. The organization manages this portfolio to ensure that each property is well-maintained, financially sustainable and makes a positive contribution to its neighborhood. Asset management includes hiring and supervising professional property managers, compliance and reporting, handling audits/tax matters, and structuring/refinancing debt.

Expenses: $275K

Financials

FY 2023

Revenue

Contributions & grants$2.4M
Program service revenue$6.9M
Investment income$910K
Other revenue$207K
Total revenue$10.4M

Expenses

Grants paid
Salaries & benefits$1.8M
Fundraising$13K
Other expenses$7.1M
Total expenses$8.9M
Total assets$83.6M
Net assets$46.3M

People

8 listed

NameRoleCompensation

SARAH STEVENSON

EXECUTIVE DI

Board

$160K

40 hrs/wk

JOSEPH HUGHES

PRESIDENT

Board

1 hrs/wk

RIAD SAHLI

SECRETARY/TR

Board

1 hrs/wk

LARRY BYERS

BOARD MEMBER

Board

1 hrs/wk

JASON HSU

BOARD MEMBER

Board

1 hrs/wk

SHAWN MORGAN

BOARD MEMBER

Board

1 hrs/wk

JULIE GARVER

SENIOR DEVEL

Staff

$138K

40 hrs/wk

LEAH COOPER

DIR. OF HOUS

Staff

$105K

40 hrs/wk

Grants received

Showing 13 of 13

FromAmountPurposeYear
$40K
CAPACITY BUILDING
2023
$7K
ONLINE SUPPORT FOR CHARITABLE PURPOSES
2023
$6K
For grant recipient's exempt purposes
2022
$195K
For capital support for 40 units of affordable housing in Astoria
2019
$500
PROGRAM/OPERATING SUPPORT
2018
$75K
FOR THIRD-YEAR FUNDING TO IMPLEMENT PROPERTY-SPECIFIC PORTFOLIO PRESERVATION PLANS, AS PART OF THE AHI SUSTAINING PORTFOLIOS STRATEGY, IN MULTNOMAH AND COLUMBIA COUNTIES
2017

Funded by

$431K from 8 funders · 13 grants · 2017–2024

Meyer Memorial Trust

$270K · 2 grants · 2017–2019

OCF Joseph E Weston Public Foundation

$56K · 4 grants · 2020–2024

Enterprise Community Partners Inc

$40K · 1 grant · 2023

The Oregon Community Foundation

$26K · 1 grant · 2020

Every Org

$7K · 1 grant · 2023

The Bank of America Charitable Foundation Inc

$1K · 2 grants · 2018–2020

Details

EIN930877440
NTEE codeL21Z
Subsection03
Ruling date1985-12
Formed1984
Employees32
Volunteers5
INNOVATIVE HOUSING INC — Mission, Financials & Grants Received | Grantivo