Housing Development Center

EIN: 931116265 501(c)(3) Housing & Shelter

Portland, OR

Total Revenue
$4,185,896
Total Expenses
$3,663,357
Total Assets
$6,108,221
Net Assets
$4,920,869
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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
OR
Principal Officer
TRACI MANNING
Phone
5033353668
Tax Period
2024-07-01 to 2025-06-30

Housing Development Center, founded in 1993, is a community nonprofit in the Housing & Shelter sector that reported $4.2M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $3.7M left a modest 12% surplus.

Mission

CENTERING THOSE WHO HAVE BEEN HISTORICALLY OPPRESSED, HOUSING DEVELOPMENT CENTER, INC. COLLABORATES WITH ITS PARTNERS TO ENVISION, DEVELOP, AND SUSTAIN AFFORDABLE HOMES AND COMMUNITY PLACES.

Program Service Accomplishments

Program 1
Expenses: $2,360,316 Revenue: $3,099,342

HOUSING AND FACILITIES DEVELOPMENTHDC'S HOUSING AND FACILITIES DEVELOPMENT TEAM WORKS WITH MISSION-DRIVEN ORGANIZATIONS TO FINANCE, BUILD, AND RENOVATE AFFORDABLE HOUSING AND COMMUNITY FACILITIES...

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HOUSING AND FACILITIES DEVELOPMENTHDC'S HOUSING AND FACILITIES DEVELOPMENT TEAM WORKS WITH MISSION-DRIVEN ORGANIZATIONS TO FINANCE, BUILD, AND RENOVATE AFFORDABLE HOUSING AND COMMUNITY FACILITIES THAT SERVE PEOPLE WITH LOWER INCOMES. HDC ASSISTS WITH THE DEVELOPMENT OF ALL TYPES OF AFFORDABLE HOUSING, INCLUDING MULTIFAMILY RENTAL, HOMEOWNERSHIP, AND MIXED-USE DEVELOPMENTS. HDC ALSO ASSISTS WITH THE DEVELOPMENT OF HEALTHCARE, CHILDCARE, AND OTHER SERVICE FACILITIES. HDC'S DEVELOPMENT SERVICES SPAN ALL ASPECTS AND PHASES OF PROJECT DEVELOPMENT, FROM PLANNING AND PREDEVELOPMENT THROUGH FINANCIAL STRUCTURING AND CONSTRUCTION MANAGEMENT. HDC PROVIDES EXPERTISE IN ASSESSING AND MEETING COMPLIANCE OBLIGATIONS ASSOCIATED WITH SPECIALIZED AFFORDABLE HOUSING FINANCING PROGRAMS. IN ITS 30-YEAR HISTORY, HDC'S HOUSING & FACILITIES DEVELOPMENT PROGRAM HAS WORKED WITH MISSION-DRIVEN ORGANIZATIONS TO MANAGE OVER 200 DEVELOPMENT PROJECTS IN OREGON AND SOUTHWEST WASHINGTON. THESE PROJECTS HAVE RESULTED IN THE DEVELOPMENT OR PRESERVATION OF MORE THAN 8,000 COMPLETED HOUSING UNITS AND 350,000 COMPLETED SQUARE FEET OF COMMUNITY FACILITY AND COMMERCIAL SPACE. TOGETHER THESE PROJECTS REPRESENT OVER $1 BILLION IN TOTAL DEVELOPMENT COSTS.

Program 2
Expenses: $568,370 Revenue: $306,180

ASSET MANAGEMENTHDC'S ASSET MANAGEMENT TEAM GUIDES CLIENTS THROUGH THE CHALLENGES OF OWNING AND MANAGING AFFORDABLE HOUSING AND COMMUNITY FACILITIES OVER THE LONG TERM. HDC PROVIDES TECHNICAL...

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ASSET MANAGEMENTHDC'S ASSET MANAGEMENT TEAM GUIDES CLIENTS THROUGH THE CHALLENGES OF OWNING AND MANAGING AFFORDABLE HOUSING AND COMMUNITY FACILITIES OVER THE LONG TERM. HDC PROVIDES TECHNICAL ASSISTANCE AND TRAINING TO NONPROFIT ORGANIZATIONS, HOUSING AUTHORITIES, AND GOVERNMENT ENTITIES. HDC HAS HELPED PROJECT OWNERS ACROSS OREGON TO PRESERVE AND IMPROVE THE VIABILITY OF TENS OF THOUSANDS OF UNITS OF AFFORDABLE HOUSING, AS WELL AS TO IMPLEMENT ONGOING SYSTEMS FOR EFFECTIVE ASSET MANAGEMENT AND OVERSIGHT. HDC'S ASSET MANAGEMENT SERVICES INCLUDE PROPERTY AND PORTFOLIO ASSESSMENTS, PROPERTY AND PORTFOLIO REPOSITIONING, PROPERTY TRANSFERS, YEAR 15 EXITS, CAPITAL NEEDS ASSESSMENTS, RESERVE ANALYSES, SYSTEMS DEVELOPMENT, AND STAFF AND BOARD TRAINING.

Program 3
Expenses: $57,286 Revenue: $53,726

HDC COMMUNITY FUND. LLC HDC'S WHOLLY OWNED SUBSIDIARY, HDC COMMUNITY FUND, LLC (HDC COMMUNITY FUND), WAS FORMED IN AUGUST 2009. A CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI), HDC...

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HDC COMMUNITY FUND. LLC HDC'S WHOLLY OWNED SUBSIDIARY, HDC COMMUNITY FUND, LLC (HDC COMMUNITY FUND), WAS FORMED IN AUGUST 2009. A CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI), HDC COMMUNITY FUND PROVIDES LOANS TO SUPPORT THE DEVELOPMENT AND PRESERVATION OF AFFORDABLE HOUSING AND COMMUNITY FACILITIES SERVING PEOPLE WITH LOWER INCOMES. HDC COMMUNITY FUND'S FLEXIBLE, LOW-INTEREST LOANS ADDRESS NEEDS THAT CONVENTIONAL LENDING PROGRAMS DON'T. THE LOANS TARGET EARLY PROJECT COSTS, SUCH AS FEASIBILITY ASSESSMENT, LAND ACQUISITION, AND PREDEVELOPMENT, AND THEY BRIDGE SHORT-TERM GAPS IN CONSTRUCTION FINANCING. TOTALING $9.98 MILLION TO DATE, HDC COMMUNITY FUND LOANS HAVE SUPPORTED THE CREATION OR PRESERVATION OF 1,663 UNITS OF AFFORDABLE HOUSING AND 57,085 SQUARE FEET OF SERVICE-FACILITY SPACE.

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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 $633,596
Program Service Revenue $3,336,851
Investment Income $93,053
Other Revenue $122,396
TOTAL REVENUE $4,185,896

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,984,647
Fundraising Expenses $0
Program Expenses $3,035,513
Other Expenses $678,710
TOTAL EXPENSES $3,663,357

Year-over-Year Comparison

2024 2023 Change
Revenue $4,185,896 $3,195,918 +0.3%
Expenses $3,663,357 $3,252,532 +0.1%
Net Income $522,539 $-56,614 -10.2%
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
23
Volunteers
7

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
4
$200,013
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRACI MANNING Executive Dir. 40.00
Officer
$176,398 $23,615 $200,013
TRAVIS PHILLIPS DIR OF REAL ESTATE 40.00
$144,049 $15,864 $159,913
JULIE PROKSCH DIR OF REAL ESTATE 40.00
$146,011 $6,959 $152,970
KIMBERLY PRATNICKI DIR OF ASSET MGMT 40.00
$126,305 $21,506 $147,811
GIGI SZABO SR FIN PROJ MGR 40.00
$128,326 $15,234 $143,560
BEN LOFTIS SR FIN PROJ MGR 40.00
$122,738 $5,966 $128,704
SARAH ZAHN CHAIR 5.00
Officer Director
$0 $0 $0
RAMSAY WEIT VICE CHAIR 2.00
Officer Director
$0 $0 $0
BRYANT ABARICIA Secretary/Treas 2.00
Officer Director
$0 $0 $0
SAM DIAZ Director 1.00
Director
$0 $0 $0
MERCEDES ELIZALDE Director 1.00
Director
$0 $0 $0
SAMUEL D GROSZ Director 1.00
Director
$0 $0 $0
BRUCE WHITING Director 1.00
Director
$0 $0 $0
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
2025 $4,185,896 $3,663,357 $6,108,221 $522,539
2024 $3,195,918 $3,252,532 $5,266,478 $-56,614
2023 $3,242,688 $3,139,997 $5,315,908 $102,691
2022 $3,244,688 $2,683,552 $5,193,870 $561,136
2021 $3,107,323 $2,939,304 $4,687,362 $168,019
2020 $3,364,211 $2,985,389 $4,546,280 $378,822
2019 $2,717,689 $2,651,130 $4,387,359 $66,559
2018 $2,543,252 $2,383,293 $4,628,559 $159,959
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