Specialized Housing VIII Inc

EIN: 931129860 501(c)(3) Housing & Shelter

Beaverton, OR

Total Revenue
$136,235
Total Expenses
$159,744
Total Assets
$622,836
Net Assets
$606,890
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
OR
Principal Officer
Lydia Whitaker
Phone
5034699248
Tax Period
2022-07-01 to 2023-06-30

Specialized Housing VIII Inc, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $136K in total revenue in fiscal year 2022. Expenses of $160K exceeded revenue, resulting in a 17% operating deficit.

Mission

Operation of a 22-unit apartment complex under section 811 of the National Affordable Housing Act. Housing is provided for individuals who have medical, emotional, and chronical mental illness.

Program Service Accomplishments

Program 1
Expenses: $108,344 Revenue: $136,218

During the year Specialized Housing VIII, otherwise known as Bay Bridge Apartments (Bay Bridge), made available 22 HUD housing units to 22 tenants who suffer from medical, emotional, and/or chronical...

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During the year Specialized Housing VIII, otherwise known as Bay Bridge Apartments (Bay Bridge), made available 22 HUD housing units to 22 tenants who suffer from medical, emotional, and/or chronical mental illness. Bay Bridge also worked on a number of improvement projects to beautify the property. These included painting all walls and ceilings in the units, replacing broken windows, landscaping, and are currently working on painting the patio.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $136,218
Investment Income $17
Other Revenue $0
TOTAL REVENUE $136,235

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,237
Fundraising Expenses $0
Program Expenses $108,344
Other Expenses $151,507
TOTAL EXPENSES $159,744

Year-over-Year Comparison

2022 2021 Change
Revenue $136,235 $136,891 0.0%
Expenses $159,744 $166,611 0.0%
Net Income $-23,509 $-29,720 -0.2%
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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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
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
8
$368,681
Total Directors
4
$368,681
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brian McCarl Executive Director 1.00
Officer Director
$0 $11,111 $233,323
Lydia Whitaker Secretary/Treasurer 1.00
Officer Director
$0 $5,936 $135,358
David Geels President (From June 2023) 0.50
Officer Director
$0 $0 $0
Tara Johnson Vice President 0.50
Officer Director
$0 $0 $0
Trisha Shook Board Member (From June 2023) 0.50
Officer
$0 $0 $0
Ruth Brook Board Member (From June 2023) 0.50
Officer
$0 $0 $0
Sam Baugh Board Member (From June 2023) 0.50
Officer
$0 $0 $0
Paul Gonzales Board Member (From June 2023) 0.50
Officer
$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 No data No data No data No data
2024 No data No data No data No data
2023 $136,235 $159,744 $622,836 $-23,509
2022 $136,891 $166,611 $645,576 $-29,720
2021 $151,725 $157,079 $674,307 $-5,354
2020 $120,132 $140,192 $687,596 $-20,060
2019 $117,565 $131,634 $704,615 $-14,069
2018 $123,682 $138,583 $712,766 $-14,901
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