Overview
What is Portland Collective Housing Syndicate?
Portland Collective Housing Syndicate is a nonprofit organization situated in Portland, Oregon, specifically at 4327 SE 25th Ave. The primary focus of this organization is to offer affordable housing options for low-income residents, with the majority of their residents earning less than 50% of the city's median income, and none exceeding 80%. Currently, they manage two substantial properties housing a total of 13 residents. The properties are located on N Mississippi Avenue and SE 25th Street, near Holgate. The organization's activities include financing and maintaining these housing facilities to ensure they remain accessible to their target demographic.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%
Portland Collective Housing Syndicate has received a Three-Star out of Four Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization scores particularly well in its fiscal management, with a program expense ratio of 92.37%, suggesting that the majority of its resources are directed towards its mission rather than administrative costs.
The charity showcases strong governance practices, boasting a fully independent board of directors and a well-documented conflict of interest policy. Furthermore, there have been no reported material diversions of assets, reinforcing the organization’s commitment to transparency and ethical management.
Despite its strong rating, the overall score is solely based on the Accountability & Finance beacon, which means additional insights into program effectiveness and impact are not evaluated in this rating. This limitation could provide a more comprehensive view of the organization's performance and outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is Portland Collective Housing Syndicate legitimate?
Portland Collective Housing Syndicate is a legitimate nonprofit organization registered as a 501(c)(3) entity. Portland Collective Housing Syndicate submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Portland Collective Housing Syndicate?
The Portland Collective Housing Syndicate's mission is centered around providing affordable housing for residents with low income levels. Specifically, they strive to make housing accessible for individuals whose earnings fall below 50% and 80% of Portland's median income. Currently, they manage two large properties housing a total of 13 residents. The organization is actively engaged in securing financing and maintaining these facilities to ensure affordable and comfortable living spaces for its residents.
Who is the CEO of Portland Collective Housing Syndicate?
Brenna Mcdonald is the Chairman of Portland Collective Housing Syndicate.
What is the revenue of Portland Collective Housing Syndicate?
Portland Collective Housing Syndicate's revenue in 2022 was $48,226.
Who are the executives of Portland Collective Housing Syndicate and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Portland Collective Housing Syndicate?
Portland Collective Housing Syndicate's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Portland Collective Housing Syndicate
Portland Collective Housing Syndicate is dedicated to providing affordable housing solutions for individuals with low income levels in the city. Its mission is clearly defined as offering affordable housing options for Portland residents who make less than 50% and all of whom earn less than 80% of the city's median income. Currently, the organization manages two large houses, housing a total of thirteen residents. These facilities serve as a vital resource for those in need, ensuring they can secure a place to call home despite their financial constraints. By providing affordable housing options, Portland Collective Housing Syndicate plays a crucial role in alleviating housing insecurity and contributing to a more equitable community.
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Impact
August, 2024
Portland Collective Housing Syndicate has had a significant impact in providing affordable housing for low-income residents in Portland. With two large houses located on N Mississippi and SE 25th Street near Holgate, the organization is currently accommodating a total of 13 residents, the majority of whom earn less than 50% of Portland's median income, with all residents earning less than 80%. By focusing on financing and maintaining these facilities, the Portland Collective Housing Syndicate is directly addressing the pressing need for affordable housing in the city.
This information is meant to be a general summary of Portland Collective Housing Syndicate. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $44,166
- Gross Receipts: $50,226
Assets and Liabilities:
- Total Assets: $508,315
- Total Liabilities: $226,294
- Net Assets: $282,021
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Low Income Housing
Revenue
$44,166
Organization Details
Founding Year
2002
Phone
(503) 233-8613Principal Officer
Brenna Mcdonald
Main Address
4327 SE 25th Ave, Portland, OR, 97202
NTEE Category
Code: L21 - Housing
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