SABIN COMMUNITY DEVELOPMENT CORP

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

MARY SCHOEN-CLARK

Phone

5032873496

Tax Period

2023-01-01 to 2023-12-31

SABIN COMMUNITY DEVELOPMENT CORP, founded in 1992, is a community nonprofit in the Human Services sector that reported $1.7M in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. Net assets of $6.7M represent 46 months of operating reserves.

Mission

TO PRESERVE AND IMPROVE LIVABILITY FOR ALL RESIDENTS OF THE CULTURALLY DIVERSE NEIGHBORHOODS OF INNER NORTH/NORTHEST PORTLAND BY ASSURING THE AVAILABILITY OF LONG-TERM AFFORDABLE HOUSING FOR ITS LOW AND MODERATE INCOME RESIDENTS.

Program Service Accomplishments

Program 1

Expenses: $1,064,911 Revenue: $1,100,195

HOUSING AND PROPERTY MANAGEMENT - ASSIST IN RETAINING A DIVERSE COMMUNITY IN NE PORTLAND NEIGHBORHOODS THAT HAVE BEEN ERODED BY GENTRIFICATION OVER THE PAST 30 YEARS. SABIN PROVIDES AFFORDABLE...

HOUSING AND PROPERTY MANAGEMENT - ASSIST IN RETAINING A DIVERSE COMMUNITY IN NE PORTLAND NEIGHBORHOODS THAT HAVE BEEN ERODED BY GENTRIFICATION OVER THE PAST 30 YEARS. SABIN PROVIDES AFFORDABLE HOUSING FOR PRIMARILY AFRICAN AMERICAN HOUSEHOLDS, MOST OF WHOM WOULD HAVE BEEN DISPLACED WITHOUT ACCESS TO AFFORDABLE HOUSING; RETAINING THESE HOUSEHOLDS IN THEIR HOMES TO GROW, THRIVE, AND, ULTIMATELY, AGE IN PLACE IS VITALLY IMPORTANT TO THE NEIGHBORHOODS. SABIN OWNS AND MANAGES 117(STUDIO-4BEDROOM) UNITS OF AFFORDABLE RENTAL HOUSING AND WORKS WITH 13 LAND TRUST HOMEOWNERS, AND 9 LIMITED EQUITY LEASE PURCHASE HOMEOWNERS.

Program 2

Expenses: $489,712 Revenue: $601,063

DEVELOPMENT - SABIN FINANCES AND MANAGES CONSTRUCTION OF AFFORDABLE APARTMENT COMMUNITIES FOR LOW-INCOME FAMILIES, SENIORS AND PEOPLE WITH DISABILITIES. DURING 2023 SABIN COMPLETED DEVELOPMENT OF ITS FIRST LOW- INCOME TAX CREDIT FINANCED DEVELOPMENT HARVEY RICE HERITAGE LP, WHICH IS COMPRISED OF 2 SEPARATE BUILDINGS, WITH 41 COMBINED UNITS. THE PROJECT'S TOTAL COST IS APPROXIMATELY 17 MILLION. THE INITIAL LEASE-UPS BEGAN IN NOVEMBER.

Program 3

Expenses: $14,697 Revenue: $17,262

COMMUNITY ORGANIZING - WORKING WITH AMERICORPS NCCC AND STUDENTS THROUGH LOCAL COLLEGES AND JOBS PROGRAMS TO SUPPORT BOTH CURRENT ORGANIZATIONAL ACTIVITIES AND TO HELP THE FUTURE GENERATIONS UNDER...

COMMUNITY ORGANIZING - WORKING WITH AMERICORPS NCCC AND STUDENTS THROUGH LOCAL COLLEGES AND JOBS PROGRAMS TO SUPPORT BOTH CURRENT ORGANIZATIONAL ACTIVITIES AND TO HELP THE FUTURE GENERATIONS UNDER SABIN'S ROLE IN NE PORTLAND TO MAINTAIN SOCIALLY JUST, ECONOMICALLY VIABLE AND DIVERSE NEIGHBORHOODS. SABIN WORKS TO CREATE A SENSE OF BELONGING BETWEEN OUR RESIDENTS AND WITH THE NEIGHBORHOOD BY PROVIDING GREEN SPACES AND GARDENS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $391,239

Program Service Revenue $1,317,195

Investment Income $10,089

Other Revenue $0

TOTAL REVENUE $1,718,523

Expense Breakdown

Grants Paid $0

Salaries & Benefits $800,485

Fundraising Expenses $19,681

Program Expenses $1,569,320

Other Expenses $942,956

TOTAL EXPENSES $1,743,441

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,718,523	$2,798,143	-0.4%
Expenses	$1,743,441	$1,269,989	+0.4%
Net Income	$-24,918	$1,528,154	-1.0%

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

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX ALEEMAN	CHAIR OF FIN	N/A	Director	$0	$0	$0
SAMUAEL COLE	BOARD CHAIR	N/A	Director	$0	$0	$0
JUSTIN REEVES MEYER	DIRECTOR	N/A	Director	$0	$0	$0
DORIS STEVENSON	DIRECTOR	N/A	Director	$0	$0	$0
JULI WRIGHT	DIRECTOR	N/A	Director	$0	$0	$0
JILIAN SAURAGE FELTON	TREASURER	N/A	Officer	$0	$0	$0
ROBYN HARRIS FORD	SECRETARY	N/A	Officer	$0	$0	$0
HARVEY RICE	DIRECTOR	N/A	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
2024	No data	No data	No data	No data
2023	$1,718,523	$1,743,441	$10,287,107	$-24,918
2022	$2,798,143	$1,269,989	$10,550,295	$1,528,154
2021	$3,860,167	$1,120,998	$9,108,985	$2,739,169
2020	$1,015,791	$1,011,457	$6,813,763	$4,334