PORTLAND COMMUNITY REINVESTMENT INITIATIVES INC

EIN: 931059146 501(c)(3) Unknown

PORTLAND, OR

Total Revenue
$7,467,296
Total Expenses
$7,866,925
Total Assets
$34,909,813
Net Assets
$21,729,246
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
OR
Principal Officer
KYMBERLY HORNER
Phone
5032882923
Tax Period
2024-01-01 to 2024-12-31

PORTLAND COMMUNITY REINVESTMENT INITIATIVES INC, founded in 1991, is a community nonprofit in the Unknown sector that reported $7.5M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Net assets of $21.7M represent 35 months of operating reserves.

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $823,098
Program Service Revenue $5,003,019
Investment Income $1,264,066
Other Revenue $377,113
TOTAL REVENUE $7,467,296

Expense Breakdown

Grants Paid $514,168
Salaries & Benefits $2,590,739
Fundraising Expenses $61,472
Program Expenses $6,182,861
Other Expenses $4,762,018
TOTAL EXPENSES $7,866,925

Year-over-Year Comparison

2024 2023 Change
Revenue $7,467,296 $8,383,093 -0.1%
Expenses $7,866,925 $8,124,611 0.0%
Net Income $-399,629 $258,482 -2.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
33
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$238,917
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAMIEN HALL CHAIR 1.00
Officer Director
$0 $0 $0
ERIC HUNTER VICE CHAIR 1.00
Officer Director
$0 $0 $0
JUDY SILKE TREASURER 1.00
Officer Director
$0 $0 $0
DON SHANKLIN SECRETARY 1.00
Officer Director
$0 $0 $0
ANDY CORUNGNO DIRECTOR 1.00
Director
$0 $0 $0
REV DR LEROY HAYNES DIRECTOR 1.00
Director
$0 $0 $0
MELVIN BROADOUS DIRECTOR 1.00
Director
$0 $0 $0
KYMBERLY HORNER EXECUTIVE DIRECTOR 40.00
Officer
$223,377 $15,540 $238,917
MARK A HOLMAN DIRECTOR OF FINANCE 40.00
Highest
$129,880 $11,476 $141,356
ANDREA DEBNAM DIRECTOR OF PROPERTY MANAG 40.00
Highest
$122,000 $9,976 $131,976
JEREMY JOSTAND DIRECTOR OF HOUSING DEVELO 40.00
Highest
$127,516 $25,526 $153,042
MARTIN OLZA DIRECTOR OF OPERATIONS 40.00
Highest
$121,540 $12,455 $133,995
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $7,467,296 $7,866,925 $34,909,813 $-399,629
2023 $8,383,093 $8,124,611 $36,417,121 $258,482
2022 $8,839,541 $8,552,071 $37,779,245 $287,470
2021 $7,550,357 $8,244,450 $37,093,919 $-694,093
2020 $9,561,756 $8,503,862 $38,378,942 $1,057,894
2019 $5,827,679 $8,925,397 $38,937,670 $-3,097,718
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