Civic Intelligence

Housing Development Center Inc.

990 • Fiscal year 2015 • EIN 93-1116265

Jul 01, 2014 to Jun 30, 2015 • Filed on Dec 28, 2015

847 NE 19th Ave Ste 150Portland, OR 97232-2686

(503) 335-3668

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

66th percentile

0.26x

Higher debt load relative to assets than 66% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

74th percentile

0.41x

Higher debt load relative to revenue than 74% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

88th percentile

37%

Higher net margin than 88% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

70th percentile

$102,753

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

90th percentile

43%

Faster asset growth than 90% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

89th percentile

53%

Faster revenue growth than 89% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$4,261,595

Up $1,276,920 (+43%) from 2014

Net Assets

Up

$3,141,171

Up $1,010,055 (+47%) from 2014

Liabilities

Up

$1,120,424

Up $266,865 (+31%) from 2014

Revenue

Up

$2,727,164

Up $947,179 (+53%) from 2014

Expenses

Up

$1,717,109

Up $149,192 (+9.5%) from 2014

Net Income

Up

$1,010,055

Up $797,987 (+376%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $1,139,746Liabilities 2010: $265,341Net Assets 2010: $874,4052010Assets 2011: $1,583,223Liabilities 2011: $589,393Net Assets 2011: $993,8302011Assets 2012: $2,186,424Liabilities 2012: $560,814Net Assets 2012: $1,625,6102012Assets 2013: $2,549,465Liabilities 2013: $630,417Net Assets 2013: $1,919,0482013Assets 2014: $2,984,675Liabilities 2014: $853,559Net Assets 2014: $2,131,1162014Assets 2015: $4,261,595Liabilities 2015: $1,120,424Net Assets 2015: $3,141,1712015Assets 2016: $4,540,487Liabilities 2016: $1,488,922Net Assets 2016: $3,051,5652016Assets 2017: $4,479,597Liabilities 2017: $1,461,839Net Assets 2017: $3,017,7582017Assets 2018: $4,628,559Liabilities 2018: $1,450,842Net Assets 2018: $3,177,7172018Assets 2019: $4,387,359Liabilities 2019: $1,143,083Net Assets 2019: $3,244,2762019Assets 2020: $4,546,280Liabilities 2020: $923,182Net Assets 2020: $3,623,0982020Assets 2021: $4,687,362Liabilities 2021: $896,245Net Assets 2021: $3,791,1172021Assets 2022: $5,193,870Liabilities 2022: $841,617Net Assets 2022: $4,352,2532022Assets 2023: $5,315,908Liabilities 2023: $860,964Net Assets 2023: $4,454,9442023

Highlighted filing

2015

Assets$4,261,595
Liabilities$1,120,424
Net Assets$3,141,171

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,293,5012010Revenue 2011: $1,573,485Expenses 2011: $1,454,060Net Income 2011: $119,4252011Expenses 2012: $1,521,8782012Expenses 2013: $1,545,0732013Revenue 2014: $1,779,985Expenses 2014: $1,567,917Net Income 2014: $212,0682014Revenue 2015: $2,727,164Expenses 2015: $1,717,109Net Income 2015: $1,010,0552015Revenue 2016: $1,869,873Expenses 2016: $1,959,479Net Income 2016: -$89,6062016Revenue 2017: $2,242,958Expenses 2017: $2,276,765Net Income 2017: -$33,8072017Revenue 2018: $2,543,252Expenses 2018: $2,383,293Net Income 2018: $159,9592018Revenue 2019: $2,717,689Expenses 2019: $2,651,130Net Income 2019: $66,5592019Revenue 2020: $3,364,211Expenses 2020: $2,985,389Net Income 2020: $378,8222020Revenue 2021: $3,107,323Expenses 2021: $2,939,304Net Income 2021: $168,0192021Revenue 2022: $3,244,688Expenses 2022: $2,683,552Net Income 2022: $561,1362022Revenue 2023: $3,242,688Expenses 2023: $3,139,997Net Income 2023: $102,6912023

Highlighted filing

2015

Revenue$2,727,164
Expenses$1,717,109
Net Income$1,010,055
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Dec 28, 2015
Return Version
2014v6.0
Gross Receipts
$2,727,164
Mission and Program Overview

Mission

The mission of housing development center, inc. (hdc) is to strengthen opportunities for low-income families and individuals by developing, preserving and sustaining affordable housing and community facilities. Through four interrelated programs we strive to improve the lives of low- income people, strengthen the property portfolios and balance sheets of our nonprofit clients, and advance best practices in community development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,218,620$1,580,766▲ $362,146
Savings and Temporary Cash Investments$814,803$1,519,435▲ $704,632
Pledges and Grants Receivable$85,251$516,253▲ $431,002
Accounts Receivable$301,917$418,410▲ $116,493
Other Notes and Loans Receivable, Net$464,034$128,913▼ $335,121
Prepaid Expenses and Deferred Charges$39,834$30,649▼ $9,185
Land, Buildings, and Equipment, Net$3,901$6,075▲ $2,174
Total Assets$2,984,675$4,261,595▲ $1,276,920
Other Assets Total$56,315$61,094▲ $4,779
Liabilities
Unsecured Notes Loans Payable$730,000$980,000▲ $250,000
Accounts Payable and Accrued Expenses$119,761$134,659▲ $14,898
Other Liabilities$3,798$3,798→ $0
Deferred Revenue-$1,967-
Total Liabilities$853,559$1,120,424▲ $266,865
Net Assets / Fund Balance
Unrestricted Net Assets$1,596,236$2,468,674▲ $872,438
Temporarily Rstr Net Assets$534,880$672,497▲ $137,617
Total Net Assets Fund Balance$2,131,116$3,141,171▲ $1,010,055
Total Liabilities and Net Assets / Fund Balance$2,984,675$4,261,595▲ $1,276,920

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,075$35,527$41,602
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Roberta BoyceExecutive DiFT$84,359$18,394$102,753

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$915,730
Program Service Revenue
$1,773,142
Investment Income
$973
Other Revenue
$37,319
All Other Contributions
$523,297
Change in Net Assets
$1,010,055

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,727,164
Total Revenue per Audited Statements
$2,727,164
Total Revenue per Form 990
$2,727,164
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,340,770
Other Expenses$376,339
Total Fundraising Expense$4,279
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$824,638$162,507$984$988,129
Other Employee Benefits$94,461$18,614$112$113,187
Current Officers, Directors, Trustees, and Key Employees$93,794$18,485$112$112,391
Payroll Taxes$68,046$13,410$82$81,538
Occupancy$62,016$12,316$1,522$75,854
Fees for Services Other$37,867$29,276$152$67,295
Pension Plan Contributions$37,993$7,487$45$45,525
Advertising$30,279$577-$30,856
Office Expenses$22,711$5,406$411$28,528
Travel$20,429$663-$21,092
Conferences and Meetings$16,917$2,413$97$19,427
Interest$19,013--$19,013
Insurance$8,310$4,537$183$13,030
Fees for Services Legal$5,367$5,077-$10,444
Fees for Services Accounting$5,076$4,803-$9,879
Other Expenses$5,263$4,553$48$5,263
All Other Expenses$3,911$887-$4,798
Depreciation Depletion$1,158$229$15$1,402
Total Functional Expenses$1,419,763$293,067$4,279$1,717,109

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,717,109
Total Expenses per Audited Statements$1,717,109
Total Expenses per Form 990$1,717,109
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Bruce WhitingBoard ChairRev.-human SolutionsNo$356,620
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sublease Deposits$3,798
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Hdc executive or finance committee reviews and approves the 990 prior to its submission to the irs. A copy of the 990 is provided to all board members.

Form 990, Page 6, Part VI, Line 12C

Hdc has a written conflict of interest policy, and each board member completes a conflict of interest questionnaire annually. Board member conflicts as they relate to board actions are recorded in meeting minutes.

Form 990, Page 6, Part VI, Line 15A

Hdc executive committee reviews and sets the executive director's compensation. No persons with a conflict of interest are involved. The committee incorporates comparable compensation for the corresponding position at similar organizations in the area into its decision making process.

Form 990, Page 6, Part VI, Line 15B

Staff salaries are set as part of the annual budget process, which is the responsibility of the finance committee. The committee incorporates comparable compensation for corresponding positions at similar organizations in the area into its decision making process.

Form 990, Page 6, Part VI, Line 19

Hdc makes the organization's governing documents, conflict of interest policy and financial statements available to the public at its offices upon request.

Filing and Contact Details

Filer

Filer Name
Housing Development Center Inc
EIN
93-1116265
Phone
5033353668
Address
847 NE 19TH AVE STE 150, PORTLAND, OR 97232-2686

Signing Officer

Name
Roberta Boyce
Title
Executive Director
Phone
5033353668
Signed
2015-12-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roberta Boyce
Formed
1993
Legal Domicile
Or
Voting Board Members
8
Independent Board Members
8
Employees
25
Volunteers
12

Preparer

Firm
Jones & Roth Pc
Address
PO BOX 10086, EUGENE, OR 97440
Preparer
Fritz S Duncan
Phone
5416872320
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of housing development center, inc. (hdc) is to strengthen opportunities for low-income families and individuals by developing, preserving and sustaining affordable housing and community facilities. Through four interrelated programs we strive to improve the lives of low- income people, strengthen the property portfolios and balance sheets of our nonprofit clients, and advance best practices in community development.

Form 990, Page 1, Part I, Line 6

Board of director members and hdc advisory board members are volunteers.

Form 990, Page 2, Part III, Line 4A

Affordable housing and facilities serving low-income communities. In our 22-year history, housing development center's comprehensive development services program has worked with 52 mission-driven organizations on 163 developments in oregon and southwest washington. We have helped create or preserve 4,743 affordable housing units and 257,932 square feet of community facility space. Together these projects represent 563 million in development costs.

Form 990, Page 2, Part III, Line 4B

Asset management and oversight. Housing development center's asset management services include property and portfolio assessments, property and portfolio repositioning, property transfers and year 15 exits, capital needs assessments and reserve analyses, and staff and board training and systems development.

Form 990, Page 2, Part III, Line 4C

Square feet of service-facility space.

Form 990, Page 2, Part III, Line 4D

Program and policy development the purpose of this program is to increase the effectiveness and efficiency of affordable housing development, management, ownership and delivery in oregon and washington. To this end, housing development center partners with nonprofit organizations and government organizations to provide technical analysis, research, policy reports, program administration, and advocacy support. Examples of this work include the healthy housing handbook, an online guide produced in partnership with the city of portland bureau of planning and sustainability, which gives multifamily property owners practical tips and tools for creating healthier living environments for low-income residents; the central city housing inventory, a survey of property owners we conducted for the city of portland to assist implementation of policy that assures preservation of downtown affordable housing; sustaining portfolio strategies, a partnership with meyer memorial trust that will enable up to 20 affordable housing providers in oregon to receive housing development center assistance with portfolio assessment, sustainability planning and implementation over a three-year period ending 2018; and the housing preservation guide, a handbook for preserving and restructuring affordable housing that we developed for the city of seattle.

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IRS990/MissionDesc0THE MISSION OF HOUSING DEVELOPMENT CENTER, INC. (HDC) IS TO STRENGTHEN OPPORTUNITIES FOR LOW-INCOME FAMILIES AND INDIVIDUALS BY DEVELOPING, PRESERVING AND SUSTAINING AFFORDABLE HOUSING AND COMMUNITY FACILITIES. THROUGH FOUR INTERRELATED PROGRAMS WE STRIVE TO IMPROVE THE LIVES OF LOW- INCOME PEOPLE, STRENGTHEN THE PROPERTY PORTFOLIOS AND BALANCE SHEETS OF OUR NONPROFIT CLIENTS, AND ADVANCE BEST PRACTICES IN COMMUNITY DEVELOPMENT.
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IRS990/ProgSrvcAccomActy2Grp/Desc0ASSET MANAGEMENT SERVICES SINCE 2001, HOUSING DEVELOPMENT CENTER HAS EMERGED AS A LEADER IN AFFORDABLE-HOUSING ASSET MANAGEMENT. OUR ASSET MANAGEMENT TEAM GUIDES CLIENTS THROUGH THE CHALLENGES OF OWNING AND MANAGING AFFORDABLE HOUSING AND RELATED COMMUNITY SERVICES FACILITIES, HELPING TO ENSURE BOTH THE SHORT-TERM AND LONG-TERM SUCCESS OF THESE PROJECTS. WE PROVIDE TECHNICAL ASSISTANCE AND TRAINING TO NONPROFIT ORGANIZATIONS, HOUSING AUTHORITIES, AND GOVERNMENTAL ENTITIES IN OREGON, WASHINGTON, AND ELSEWHERE IN THE UNITED STATES. HOUSING DEVELOPMENT CENTER HAS HELPED 82 PROJECT OWNERS PRESERVE AND IMPROVE THE VIABILITY OF TENS OF THOUSANDS OF UNITS OF AFFORDABLE HOUSING, AS WELL AS IMPLEMENT ONGOING SYSTEMS FOR EFFECTIVE ASSET MANAGEMENT AND OVERSIGHT. HOUSING DEVELOPMENT CENTER'S ASSET MANAGEMENT SERVICES INCLUDE PROPERTY AND PORTFOLIO ASSESSMENTS, PROPERTY AND PORTFOLIO REPOSITIONING, PROPERTY TRANSFERS AND YEAR 15 EXITS, CAPITAL NEEDS ASSESSMENTS AND RESERVE ANALYSES, AND STAFF AND BOARD TRAINING AND SYSTEMS DEVELOPMENT.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0296528
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0363591
IRS990/ProgSrvcAccomActy3Grp/Desc0HDC COMMUNITY FUND HOUSING DEVELOPMENT CENTER'S WHOLLY OWNED SUBSIDIARY, HDC COMMUNITY FUND, LLC, 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 LOW-INCOME PEOPLE. OUR FLEXIBLE, LOW-INTEREST LOANS ADDRESS NEEDS THAT CONVENTIONAL LENDING PROGRAMS DON'T-PROVIDING FUNDING FOR EARLY PROJECT COSTS SUCH AS FEASIBILITY ASSESSMENT, LAND ACQUISITION AND PREDEVELOPMENT; AND BRIDGING SHORT-TERM GAPS IN CONSTRUCTION FINANCING. TOTALING 2.15 MILLION TO DATE, HDC COMMUNITY FUND LOANS HAVE SUPPORTED THE CREATION OR PRESERVATION OF 855 UNITS OF AFFORDABLE HOUSING AND 44,000 SQUARE FEET OF SERVICE-FACILITY SPACE.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0105687
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0PROGRAM AND POLICY DEVELOPMENT THE PURPOSE OF THIS PROGRAM IS TO INCREASE THE EFFECTIVENESS AND EFFICIENCY OF AFFORDABLE HOUSING DEVELOPMENT, MANAGEMENT, OWNERSHIP AND DELIVERY IN OREGON AND WASHINGTON. TO THIS END, HOUSING DEVELOPMENT CENTER PARTNERS WITH NONPROFIT ORGANIZATIONS AND GOVERNMENT ORGANIZATIONS TO PROVIDE TECHNICAL ANALYSIS, RESEARCH, POLICY REPORTS, PROGRAM ADMINISTRATION, AND ADVOCACY SUPPORT. EXAMPLES OF THIS WORK INCLUDE THE HEALTHY HOUSING HANDBOOK, AN ONLINE GUIDE PRODUCED IN PARTNERSHIP WITH THE CITY OF PORTLAND BUREAU OF PLANNING AND SUSTAINABILITY, WHICH GIVES MULTIFAMILY PROPERTY OWNERS PRACTICAL TIPS AND TOOLS FOR CREATING HEALTHIER LIVING ENVIRONMENTS FOR LOW-INCOME RESIDENTS; THE CENTRAL CITY HOUSING INVENTORY, A SURVEY OF PROPERTY OWNERS WE CONDUCTED FOR THE CITY OF PORTLAND TO ASSIST IMPLEMENTATION OF POLICY THAT ASSURES PRESERVATION OF DOWNTOWN AFFORDABLE HOUSING; SUSTAINING PORTFOLIO STRATEGIES, A PARTNERSHIP WITH MEYER MEMORIAL TRUST THAT WILL ENABLE UP TO 20 AFFORDABLE HOUSING PROVIDERS IN OREGON TO RECEIVE HOUSING DEVELOPMENT CENTER ASSISTANCE WITH PORTFOLIO ASSESSMENT, SUSTAINABILITY PLANNING AND IMPLEMENTATION OVER A THREE-YEAR PERIOD ENDING 2018; AND THE HOUSING PRESERVATION GUIDE, A HANDBOOK FOR PRESERVING AND RESTRUCTURING AFFORDABLE HOUSING THAT WE DEVELOPED FOR THE CITY OF SEATTLE.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF HOUSING DEVELOPMENT CENTER, INC. (HDC) IS TO STRENGTHEN OPPORTUNITIES FOR LOW-INCOME FAMILIES AND INDIVIDUALS BY DEVELOPING, PRESERVING AND SUSTAINING AFFORDABLE HOUSING AND COMMUNITY FACILITIES. THROUGH FOUR INTERRELATED PROGRAMS WE STRIVE TO IMPROVE THE LIVES OF LOW- INCOME PEOPLE, STRENGTHEN THE PROPERTY PORTFOLIOS AND BALANCE SHEETS OF OUR NONPROFIT CLIENTS, AND ADVANCE BEST PRACTICES IN COMMUNITY DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD OF DIRECTOR MEMBERS AND HDC ADVISORY BOARD MEMBERS ARE VOLUNTEERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AFFORDABLE HOUSING AND FACILITIES SERVING LOW-INCOME COMMUNITIES. IN OUR 22-YEAR HISTORY, HOUSING DEVELOPMENT CENTER'S COMPREHENSIVE DEVELOPMENT SERVICES PROGRAM HAS WORKED WITH 52 MISSION-DRIVEN ORGANIZATIONS ON 163 DEVELOPMENTS IN OREGON AND SOUTHWEST WASHINGTON. WE HAVE HELPED CREATE OR PRESERVE 4,743 AFFORDABLE HOUSING UNITS AND 257,932 SQUARE FEET OF COMMUNITY FACILITY SPACE. TOGETHER THESE PROJECTS REPRESENT 563 MILLION IN DEVELOPMENT COSTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ASSET MANAGEMENT AND OVERSIGHT. HOUSING DEVELOPMENT CENTER'S ASSET MANAGEMENT SERVICES INCLUDE PROPERTY AND PORTFOLIO ASSESSMENTS, PROPERTY AND PORTFOLIO REPOSITIONING, PROPERTY TRANSFERS AND YEAR 15 EXITS, CAPITAL NEEDS ASSESSMENTS AND RESERVE ANALYSES, AND STAFF AND BOARD TRAINING AND SYSTEMS DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SQUARE FEET OF SERVICE-FACILITY SPACE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PROGRAM AND POLICY DEVELOPMENT THE PURPOSE OF THIS PROGRAM IS TO INCREASE THE EFFECTIVENESS AND EFFICIENCY OF AFFORDABLE HOUSING DEVELOPMENT, MANAGEMENT, OWNERSHIP AND DELIVERY IN OREGON AND WASHINGTON. TO THIS END, HOUSING DEVELOPMENT CENTER PARTNERS WITH NONPROFIT ORGANIZATIONS AND GOVERNMENT ORGANIZATIONS TO PROVIDE TECHNICAL ANALYSIS, RESEARCH, POLICY REPORTS, PROGRAM ADMINISTRATION, AND ADVOCACY SUPPORT. EXAMPLES OF THIS WORK INCLUDE THE HEALTHY HOUSING HANDBOOK, AN ONLINE GUIDE PRODUCED IN PARTNERSHIP WITH THE CITY OF PORTLAND BUREAU OF PLANNING AND SUSTAINABILITY, WHICH GIVES MULTIFAMILY PROPERTY OWNERS PRACTICAL TIPS AND TOOLS FOR CREATING HEALTHIER LIVING ENVIRONMENTS FOR LOW-INCOME RESIDENTS; THE CENTRAL CITY HOUSING INVENTORY, A SURVEY OF PROPERTY OWNERS WE CONDUCTED FOR THE CITY OF PORTLAND TO ASSIST IMPLEMENTATION OF POLICY THAT ASSURES PRESERVATION OF DOWNTOWN AFFORDABLE HOUSING; SUSTAINING PORTFOLIO STRATEGIES, A PARTNERSHIP WITH MEYER MEMORIAL TRUST THAT WILL ENABLE UP TO 20 AFFORDABLE HOUSING PROVIDERS IN OREGON TO RECEIVE HOUSING DEVELOPMENT CENTER ASSISTANCE WITH PORTFOLIO ASSESSMENT, SUSTAINABILITY PLANNING AND IMPLEMENTATION OVER A THREE-YEAR PERIOD ENDING 2018; AND THE HOUSING PRESERVATION GUIDE, A HANDBOOK FOR PRESERVING AND RESTRUCTURING AFFORDABLE HOUSING THAT WE DEVELOPED FOR THE CITY OF SEATTLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6HDC EXECUTIVE OR FINANCE COMMITTEE REVIEWS AND APPROVES THE 990 PRIOR TO ITS SUBMISSION TO THE IRS. A COPY OF THE 990 IS PROVIDED TO ALL BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7HDC HAS A WRITTEN CONFLICT OF INTEREST POLICY, AND EACH BOARD MEMBER COMPLETES A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. BOARD MEMBER CONFLICTS AS THEY RELATE TO BOARD ACTIONS ARE RECORDED IN MEETING MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8HDC EXECUTIVE COMMITTEE REVIEWS AND SETS THE EXECUTIVE DIRECTOR'S COMPENSATION. NO PERSONS WITH A CONFLICT OF INTEREST ARE INVOLVED. THE COMMITTEE INCORPORATES COMPARABLE COMPENSATION FOR THE CORRESPONDING POSITION AT SIMILAR ORGANIZATIONS IN THE AREA INTO ITS DECISION MAKING PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9STAFF SALARIES ARE SET AS PART OF THE ANNUAL BUDGET PROCESS, WHICH IS THE RESPONSIBILITY OF THE FINANCE COMMITTEE. THE COMMITTEE INCORPORATES COMPARABLE COMPENSATION FOR CORRESPONDING POSITIONS AT SIMILAR ORGANIZATIONS IN THE AREA INTO ITS DECISION MAKING PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10HDC MAKES THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AT ITS OFFICES UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 2, PART III, LINE 4B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 2, PART III, LINE 4C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 15A

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$5.32$0.86$4.45$3.24$3.14$0.10
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.19$0.84$4.35$3.24$2.68$0.56
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.69$0.90$3.79$3.11$2.94$0.17
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.55$0.92$3.62$3.36$2.99$0.38
2019Summary only. Only limited summary data is available for this year.$4.39$1.14$3.24$2.72$2.65$0.07
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.63$1.45$3.18$2.54$2.38$0.16
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.48$1.46$3.02$2.24$2.28$0.03
2016Detailed filing. Detailed filing data is available for this year.$4.54$1.49$3.05$1.87$1.96$0.09
2015Detailed filing. Detailed filing data is available for this year.$4.26$1.12$3.14$2.73$1.72$1.01
2014Detailed filing. Detailed filing data is available for this year.$2.98$0.85$2.13$1.78$1.57$0.21
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.55$0.63$1.92$1.55
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.19$0.56$1.63$1.52
2011Summary only. Only limited summary data is available for this year.$1.58$0.59$0.99$1.57$1.45$0.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.14$0.27$0.87$1.29