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.
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.
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.
Financials
FY 2023
Revenue
Expenses
People
8 listed
SARAH STEVENSON
EXECUTIVE DI
$160K
40 hrs/wk
JOSEPH HUGHES
PRESIDENT
—
1 hrs/wk
RIAD SAHLI
SECRETARY/TR
—
1 hrs/wk
LARRY BYERS
BOARD MEMBER
—
1 hrs/wk
JASON HSU
BOARD MEMBER
—
1 hrs/wk
SHAWN MORGAN
BOARD MEMBER
—
1 hrs/wk
JULIE GARVER
SENIOR DEVEL
$138K
40 hrs/wk
LEAH COOPER
DIR. OF HOUS
$105K
40 hrs/wk
Grants received
Showing 13 of 13
Funded by
$431K from 8 funders · 13 grants · 2017–2024
$270K · 2 grants · 2017–2019
$56K · 4 grants · 2020–2024
$40K · 1 grant · 2023
$26K · 1 grant · 2020
$24K · 1 grant · 2023
$7K · 1 grant · 2023
$6K · 1 grant · 2022
$1K · 2 grants · 2018–2020