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.TO SERVE THE REGION AS AN ADVOCATE FOR LOW-INCOME HOUSING, AS WELL AS LOW-INCOME PROPERTY MANAGER, COMMUNITY DEVELOPER, AND CATALYST FOR USEFUL AND INNOVATIVE COMMUNITY DEVELOPMENT INITIATIVES THAT SUPPORT LOWER INCOME RESIDENTS LIVING PRIMARILY IN NORTHEAST PORTLAND NEIGHBORHOODS.PCRI WILL PRESERVE AND MANAGE AFFORDABLE, HIGH QUALITY, SCATTERED SITE, SINGLE FAMILY HOMES; EXPAND AND MANAGE OUR PORTFOLIO OF SMALL MULTIPLEXES; AND ACQUIRE/DEVELOP MULTI-FAMILY HOUSING TO PRESERVE AFFORDABLE HOUSING CHOICES IN OUR COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $4,624,968 Revenue: $5,003,019

PROPERTY MANAGEMENT - PROPERTY MANAGEMENT REPRESENTS THAT PART OF THE ORGANIZATION RESPONSIBLE FOR MAINTAINING THE INTEGRITY OF THE ORGANIZATION'S PHYSICAL ASSETS AND THE DAY-TO-DAY MANAGEMENT OF...

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PROPERTY MANAGEMENT - PROPERTY MANAGEMENT REPRESENTS THAT PART OF THE ORGANIZATION RESPONSIBLE FOR MAINTAINING THE INTEGRITY OF THE ORGANIZATION'S PHYSICAL ASSETS AND THE DAY-TO-DAY MANAGEMENT OF RENTAL OPERATIONS. ACTIVITIES INCLUDE THE PROCESSING OF APPLICATIONS FOR HOUSING, LEASING AVAILABLE UNITS, COLLECTION OF RENT, AND MONITORING COURT PROCESSES RELATING TO LEASE VIOLATIONS. PROPERTY MANAGEMENT ALSO OVERSEES THE PHYSICAL MAINTENANCE OF PORTLAND COMMUNITY REINVESTMENT INITIATIVES' ("PCRI") PROPERTIES. THIS INCLUDES REFURBISHMENT OF VACANT UNITS AND EMERGENCY, ROUTINE, AND PREVENTATIVE MAINTENANCE.

Program 2
Expenses: $1,425,003

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...

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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.

Program 3
Expenses: $132,890

HOUSING DEVELOPMENT - HOUSING DEVELOPMENT REPRESENTS THE ADMINISTRATION AND MANAGEMENT OF ALL NEW CONSTRUCTION PROJECTS FOR PCRI ACTIVITIES INCLUDING FEASABILITY ANALYSES OF POTENTIAL DEVELOPMENT...

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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.

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Trantor Score

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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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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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