SALEM, OR
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)OREGON AFFORDABLE HOUSING ASSISTANCE CORPORATION, founded in 2010, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2022. Revenue fell 81% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.8M, a strong 69% operating margin.
THE SPECIFIC PURPOSES OF THE CORPORATION ARE TO (I) ADMINISTER GRANTS, LOANS, AND OTHER FORMS OF FINANCIAL RESOURCES TARGETED TO HELP PREVENT OR MITIGATE THE IMPACT OF FORECLOSURES ON LOW AND MODERATE INCOME PERSONS, AND TO HELP STABILIZE HOUSING MARKETS IN THE STATE OF OREGON (THE "STATE"), (II) DEVELOP AND IMPLEMENT HOUSING ASSISTANCE PROGRAMS TARGETED TO HELP PREVENT AND MITIGATE THE IMPACT OF FORECLOSURES ON LOW AND MODERATE INCOME PERSONS, AND TO HELP STABILIZE HOUSING MARKETS WITHIN THE STATE, (III) PROVIDE FUNDS OR OTHER FINANCIAL SUPPORT OR BENEFITS TO PROMOTE, PRESERVE OR STABILIZE AFFORDABLE HOUSING MARKETS LOCATED IN THE STATE, (IV) PROVIDE SUBSIDIES OR OTHER BENEFITS TARGETED TO LOW AND MODERATE INCOME PERSONS WITHIN THE STATE NECESSARY OR APPROPRIATE TO STABILIZE HOUSING MARKETS LOCATED IN THE STATE, (V) FINANCE AFFORDABLE OR SUBSIDIZED HOUSING IN THE STATE, (VI) ACCEPT AND MAKE GRANTS FOR AFFORDABLE OR SUBSIDIZED HOUSING IN THE STATE, (VII) DEVELOP AND ADMINISTER PROGRAMS RELATED TO HOUSING PERMITTED UNDER THE EMERGENCY ECONOMIC STABILIZATION ACT OF 2008, AS AMENDED ("EESA"), AND TO ACT AS AN INSTITUTION ELIGIBLE TO RECEIVE TROUBLED ASSET RELIEF PROGRAM FUNDS UNDER EESA, (VIII) FINANCE AND REFINANCE HOUSING LOANS, PROVIDE CREDIT AND OTHER FINANCIAL SUPPORT FOR HOUSING LOANS AND OTHERWISE PROVIDE FINANCIAL SUPPORT FOR AFFORDABLE HOUSING WITHIN THE STATE, (IX) DEVELOP AND IMPLEMENT EDUCATIONAL PROGRAMS, INSTRUCTION, RESEARCH, ASSISTANCE AND OTHER PROGRAMS TO HELP PREVENT FORECLOSURES OF HOUSING AND STABILIZE HOUSING MARKETS WITHIN THE STATE, (X) LESSEN THE BURDENS OF GOVERNMENT BY ASSISTING THE HOUSING AND COMMUNITY SERVICES DEPARTMENT OF THE STATE OF OREGON ("OHCS") PREVENT OR MITIGATE THE IMPACT OF FORECLOSURES ON LOW AND MODERATE INCOME PERSONS, AND TO HELP STABILIZE HOUSING MARKETS WITHIN THE STATE, AND (XI) CONDUCT OR PERFORM ANY ANCILLARY OR RELATED ACTIVITY IN FURTHERANCE OF THE FOREGOING. FOR THESE PURPOSES, THE DETERMINATION OF WHAT CONSTITUTES AFFORDABLE HOUSING AND WHO IS A LOW AND MODERATE INCOME PERSON SHALL BE DETERMINED BY THE BOARD OF DIRECTORS OF THE CORPORATION. SUBJECT TO THE LIMITATIONS SET FORTH IN THE ARTICLES OF INCORPORATION, THE CORPORATION SHALL BE PERMITTED TO CONDUCT OTHER LAWFUL ACTIVITIES PERMITTED UNDER THE OREGON NONPROFIT CORPORATION ACT. IT IS INTENDED THAT THE CORPORATION SHALL WORK WITH OHCS TO ACCOMPLISH THEIR MUTUAL GOAL OF PROVIDING AFFORDABLE HOUSING ASSISTANCE AND BENEFITS TO PERSONS OF LOW AND MODERATE INCOME. IN PARTICULAR, IT IS INTENDED THAT THE CORPORATION SHALL SEEK INPUT FROM THE DIRECTOR OF OHCS REGARDING THE CORPORATION'S ACTIVITIES. THE CORPORATION SHALL SUBMIT TO REGULATION BY THE STATE AS SET FORTH IN WRITTEN NOTICE PROVIDED TO THE CORPORATION BY THE DIRECTOR OF OHCS.
LOAN PRESERVATION ASSISTANCE PROGRAM: THE LOAN PRESERVATION ASSISTANCE (LPA) PROGRAM ASSISTED HOMEOWNERS WHO HAVE REGAINED EMPLOYMENT OR RECOVERED FROM FINANCIAL DISTRESS TO ENSURE THEIR HOME LOANS...
LOAN PRESERVATION ASSISTANCE PROGRAM: THE LOAN PRESERVATION ASSISTANCE (LPA) PROGRAM ASSISTED HOMEOWNERS WHO HAVE REGAINED EMPLOYMENT OR RECOVERED FROM FINANCIAL DISTRESS TO ENSURE THEIR HOME LOANS BECOME, OR REMAIN, AFFORDABLE. THERE ARE FOUR DISTINCT, EXCLUSIVE BENEFITS AVAILABLE THROUGH THE LPA PROGRAM.REINSTATEMENT ASSISTANCE PAID UP TO $15,000 IN ARREARAGES OR FEES FOR CERTAIN RECIPIENTS OF THE MORTGAGE PAYMENT ASSISTANCE PROGRAM AND SERVED AS AN EXIT PATH FOR THOSE RECIPIENTS OF MORTGAGE PAYMENT ASSISTANCE. PRESERVATION ASSISTANCE PAID UP TO $40,000 OF ARREARAGES OR FEES TO LENDERS/SERVICERS ON BEHALF OF HOMEOWNERS WHO HAVE RECOVERED FROM A PERIOD OF UNEMPLOYMENT OR FINANCIAL DISTRESS. PROPERTY TAX ASSISTANCE PAID UP TO $40,000 OF PROPERTY TAX ARREARAGES TO COUNTY TAXING AUTHORITIES. REVERSE MORTGAGE ASSISTANCE PAID UP TO $40,000 OF PROPERTY TAX, HOMEOWNER'S INSURANCE AND/OR HOMEOWNER OR CONDO ASSOCIATION FEES AND/OR ASSESSMENTS IMPOUNDED. THE PRESERVATION, PROPERTY TAX, AND REVERSE MORTAGE BENEFIT LIMIT IS A COLLECTIVE AMOUNT. THIS PROGRAM WAS CLOSED AS OF DECEMBER 31,2021. EXPENSES INCURRED DURING THE YEAR ENDED DECEMBER 31, 2022 WERE TO WIND DOWN AND CLOSE OUT THE PROGRAM.
MORTGAGE PAYMENT ASSISTANCE PROGRAM:THE MORTGAGE PAYMENT ASSISTANCE PROGRAM CONTINUED TO ASSIST UNEMPLOYED, UNDEREMPLOYED, OR FINANCIALLY DISTRESSED HOMEOWNERS BY PROVIDING FULL MONTHLY MORTGAGE...
MORTGAGE PAYMENT ASSISTANCE PROGRAM:THE MORTGAGE PAYMENT ASSISTANCE PROGRAM CONTINUED TO ASSIST UNEMPLOYED, UNDEREMPLOYED, OR FINANCIALLY DISTRESSED HOMEOWNERS BY PROVIDING FULL MONTHLY MORTGAGE PAYMENTS. FUNDS ARE PAID TO LENDERS/SERVICERS FOR UP TO 12 MONTHS OR $20,000, WHICHEVER IS REACHED FIRST. THIS PROGRAM WAS CLOSED AS OF DECEMBER 31,2021. EXPENSES INCURRED DURING THE YEAR ENDED DECEMBER 31, 2022 WERE TO WIND DOWN AND CLOSE OUT THE PROGRAM.
LOAN REFINANCE ASSISTANCE & REBUILDING HOMEOWNERSHIP ASSISTANCE PILOT PROGRAMS:THE LOAN REFINANCING ASSISTANCE PILOT PROJECT ASSISTED UNDERWATER HOMEOWNERS WHO HAVE REGAINED EMPLOYMENT OR RECOVERED...
LOAN REFINANCE ASSISTANCE & REBUILDING HOMEOWNERSHIP ASSISTANCE PILOT PROGRAMS:THE LOAN REFINANCING ASSISTANCE PILOT PROJECT ASSISTED UNDERWATER HOMEOWNERS WHO HAVE REGAINED EMPLOYMENT OR RECOVERED FROM FINANCIAL DISTRESS, AND DEMONSTRATE THE ABILITY TO AFFORD LOANS REFLECTIVE OF THE CURRENT VALUES OF THEIR HOMES. EXISTING HOME LOANS ARE PURCHASED BY THE OREGON AFFORDABLE HOUSING ASSISTANCE CORPORATION AT OR BELOW THE CURRENT APPRAISED VALUE OF THE HOME AND AT LEAST 10 PERCENT BELOW THE OUTSTANDING PRINCIPAL BALANCE. THE LOANS ARE THEN REFINANCED TO AN AMOUNT EQUAL TO THE HOME'S CURRENT APPRAISED VALUE. THIS PROGRAM CLOSED AS OF DECEMBER 31, 2018. THE REBUILDING AMERICAN HOMEOWNERSHIP ASSISTANCE PILOT PROGRAM (RAHAPP) ASSISTED HOMEOWNERS, WHO ARE IN A NEGATIVE EQUITY POSITION, REFINANCE INTO NEW LOANS THAT PERMIT THE HOMEOWNERS TO REBUILD EQUITY IN THEIR HOMES FASTER THAN THEIR EXISTING MORTGAGE LOANS CURRENTLY ALLOW, OR TO LOWER THEIR MONTHLY PAYMENT AMOUNTS. EXISTING HOME LOANS ARE PURCHASED BY THE OREGON AFFORDABLE HOUSING ASSISTANCE CORPORATION AND REFINANCED AT A 15- OR 30-YEAR FIXED MORTGAGE RATE. THIS PROGRAM CLOSED AS OF DECEMBER 31, 2017.THERE WERE NO LOAN REPURCHASES DURING THE YEAR ENDED DECEMBER 31, 2022. EXPENSES INCURRED DURING THE YEAR WERE TO WIND DOWN AND CLOSE OUT THE PROGRAMS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $2,632,777 | $14,226,353 | -0.8% |
| Expenses | $816,532 | $14,226,353 | -0.9% |
| Net Income | $1,816,245 | $0 | N/A |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CALEB YANT | TREASURER AND DIRECTOR | 1.00 |
Officer
Director
|
$0 | $13,433 | $100,997 |
| EMESE PERFECTO | PRESIDENT AND DIRECTOR | 1.00 |
Officer
Director
|
$0 | $14,878 | $87,018 |
| KIM FREEMAN | SECRETARY AND DIRECTOR | 1.00 |
Officer
Director
|
$0 | $14,843 | $74,219 |
| GORDAN CRISMAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN SEARS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2022 | $2,632,777 | $816,532 | No data | $1,816,245 |
| 2021 | $14,226,353 | $14,226,353 | $27,410,918 | No data |
| 2020 | $21,770,909 | $21,770,909 | $37,117,417 | No data |
| 2019 | $38,066,012 | $38,066,012 | $54,990,770 | No data |
| 2018 | $31,578,714 | $31,578,714 | $53,452,576 | No data |
Compare OREGON AFFORDABLE HOUSING ASSISTANCE CORPORATION with other nonprofits in Oregon and across the country.