NonprofitsPortland Community Reinvestment Initiatives Inc

Unclassified

Portland Community Reinvestment Initiatives Inc

PORTLAND, OR

Total revenue

$8.4M

Total expenses

$8.1M

Net assets

$22.1M

Grants received

$2.5M

34 grants

EIN

931059146

Tax year

2023

Mission

Preserve, expand, and manage affordable housing in the city of portland and provide access to and advocacy services for our residents. Continued on schedule o.

Programs

2 programs

Supportive programs - pcri's supportive programs provide a full array of culturally-specific services to residents. Over the course of our 20 plus-year history, pcri has established thousands of families by providing them with affordable rental housing and asset building programs and services. Homebuyer education and counseling - this program provides homebuyer counseling and education to low- to moderate-income, first-time homebuyer our comprehensive program includes individual counseling, financial education, peer homebuyer club meetings, down payment or closing cost assistance, and hud-certified homebuyer education. Services are delivered in both one-on-one and group settings.homeownership retention - this program provides an array of services to help low- to moderate-income homeowners aged 55 and over maintain ownership. Services include post-purchase counseling, loss mitigation counseling, information and referrals, financial education, tax-deferment assistance, and urgent home repairs. We also offer a wide array of classes and workshop on topics such as preventative maintenance, elder fraud, and estate planning.financial education - this program is designed to help participants manage their personal finances effectively and make wise financial decisions. Our program assists clients with establishing personal budgets, evaluating debt loads, setting financial goals, and developing a plan of action. Services are delivered in both one-on-one and group settings.individual development accounts (ida) - in partnership with casa of oregon, pcri residents can participate in a 3-to-1 matched savings program designed to help families develop the habit of saving. Savings goals can be in one of four areas: homeownership, home repair, small business development, or education.career development - our career development program provides assistance with job searching, resume writing, and interview preparation. We offer classes and workshops in english language learning, basic computer skills, financial education, and soft skills for the workplace. We also offer some transportation assistance and childcare during interviews. Services are delivered in both one-on-one and group settings.youth development - our youth program offers educational and arts enrichment activities to k-12 youth. Activities include after-school tutoring, summer arts and health camps, community gardening and nutrition classes, youth financial education workshops, summer internships, and many other supplemental activities for youth and families.the programs department has been very successful in helping fulfill the pcri vision of providing affordable housing and associated services that achieve family stability, self-sufficiency, and resident wealth creation.

Expenses: $2.0MGrants: $733K

Housing development - housing development represents the administration and management of all new construction projects for pcri activities including feasability analyses of potential development projects, production and assembly of funding applications, selection and coordination of development team members, administration of construction draws, and the provision of due diligence documentation for lenders and funders.

Expenses: $152K

Financials

FY 2023

Revenue

Contributions & grants$2.6M
Program service revenue$4.9M
Investment income$166K
Other revenue$673K
Total revenue$8.4M

Expenses

Grants paid$733K
Salaries & benefits$2.9M
Fundraising$83K
Other expenses$4.5M
Total expenses$8.1M
Total assets$36.4M
Net assets$22.1M

People

11 listed

NameRoleCompensation

KYMBERLY HORNER

EXECUTIVE DIRECTOR

Board

$222K

40 hrs/wk

ANY CORUNGNO

DIRECTOR

Board

1 hrs/wk

DAMIEN HALL

CHAIR

Board

1 hrs/wk

MELVIN BROADOUS

DIRECTOR

Board

1 hrs/wk

REV DR LEROY HAYNES

DIRECTOR

Board

1 hrs/wk

ERIC HUNTER

VICE CHAIR

Board

1 hrs/wk

JUDY SILKE

TREASURER

Board

1 hrs/wk

DON SHANKLIN

SECRETARY

Board

1 hrs/wk

MARTIN OLZA

DIRECTOR OF OPERATIONS

Staff

$124K

40 hrs/wk

JEREMY JOSTAND

DIRECTOR OF HOUSING DEVELOPMENT

Staff

$123K

40 hrs/wk

ANDREA DEBNAM

DIRECTOR OF PROPERTY MANAGEMENT & RESIDENT SERVICE

Staff

$109K

40 hrs/wk

Independent contractors

KENNEDY RESTORATION

CONSTRUCTION AND RESTORATION

$203K

GARY MCGEE & CO LLP

AUDIT AND TAX PREPARATION

$135K

Grants received

Showing 34 of 34

FromAmountPurposeYear
$100K
PLANNING GRANT
2024
$18K
Housing Counseling
2024
$3K
General operating
2024
$200K
TO LAUNCH AFFORDABLE HOUSING INDUSTRY ANTI-RACISM COLLABORATIVE (AHIARC), A COLLABORATIVE OF LEADERS REPRESENTING THE AFFORDABLE HOUSING ECOSYSTEM IN OREGON.
2023
$200K
GENERAL OPERATING SUPPORT
2023
$66K
Property purchased for renovation and sale to low and moderate income potential homeowners.
2023
$48K
FINANCIAL LITERACY/CASE MANAGEMENT
2023
$7K
Homeownership Program
2023
$160K
CONSTRUCT AN AFFORDABLE HOUSING RENTAL COMPLEX FOR BLACK SENIORS AT RISK OF FACING OR EXPERIENCING HOMELESSNESS IN MULTNOMAH COUNTY
2022
$100K
For flexible support of community-based housing, self-sufficiency and wealth creation in North/Northeast Portland
2022
$50K
To build real estate capacity and train staff of culturally-specific affordable housing nonprofits so they can create sustainable strategies for communal growth and health
2022
$39K
Property purchased for renovation and sale to low and moderate income potential homeowners.
2022
$12K
FINANCIAL LITERACY/CASE MANAGEMENT
2022
$10K
For participation in the housing leaders antiracist cohort to increase racial justice commitment and understanding among affordable housing organizations
2022
$300K
To provide capital support for the redevelopment of Kaufory Court, an affordable housing project serving African American seniors in North and Northeast Portland
2021
$200K
For reimagining public safety with a community of Black homeowners
2021
$100K
For flexible support of community-based housing, self-sufficiency and wealth creation in North/Northeast Portland
2021
$45K
For consultant-related expenses for the Kafoury Court Alcena project in Multnomah County
2021
$7K
UNRESTRICTED
2021
$199K
For funding of a collective community cause: the King + Parks Affordable Housing Project in NE Portland to mitigate the displacement and oppression of Portlanders during COVID-19, social unrest and beyond
2020
$120K
EMERGENCY RESPONSE GRANTS
2020
$75K
For general operating support
2020
$75K
For operating support for this organization that provides homeownership education and counseling programs to serve communities of color in North and Northeast Portland
2020
$75K
For additional capital and capacity support for King + Parks affordable housing project in Multnomah county
2020
$58K
COUNSELING
2020
$15K
For participation in the housing leaders antiracist cohort, a leadership development opportunity to increase racial justice commitment among affordable housing organizations and improve the sector's understanding of how to advance diversity, equity and inclusion
2020
$9K
FINANCIAL LITERACY/CASE MANAGEMENT
2020
$75K
For operating support for this organization that provides homeownership education and counseling programs to serve communities of color in North and Northeast Portland
2019
$5K
GENERAL ASSISTANCE
2019
$19K
FINANCIAL LITERACY/CASE MANAGEMENT
2018
$5K
GENERAL ASSISTANCE
2018
$150K
TO CREATE AFFORDABLE HOMEOWNERSHIP IN NORTH AND NORTHEAST PORTLAND FOR LOW-INCOME AFRICAN AMERICANS AND OTHERS, MITIGATING DISPLACEMENT AND BUILDING WEALTH AND STABILITY
2017
$900
FOR GENERAL SUPPORT
2017

Funded by

$2.5M from 9 funders · 34 grants · 2017–2024

Meyer Memorial Trust

$1.9M · 17 grants · 2017–2023

Homefree Usa Inc

$180K · 4 grants · 2020–2024

The Collins Foundation

$160K · 1 grant · 2022

Oregon Consumer Justice

$120K · 1 grant · 2020

1803 Fund

$100K · 1 grant · 2024

Community And Shelter Assistance Corp

$88K · 4 grants · 2018–2023

Oregon Association Of Realtors Home

$13K · 3 grants · 2018–2022

Umpqua Bank Charitable Foundation

$9K · 2 grants · 2023–2024

Details

EIN931059146
NTEE codeZ99Z
Subsection03
Ruling date1996-09
Formed1991
Employees55
Volunteers15
PORTLAND COMMUNITY REINVESTMENT INITIATIVES INC — Mission, Financials & Grants Received | Grantivo