Overview
What is Reach Community Development Inc?
Reach Community Development Inc, located in Portland, Oregon, is a prominent nonprofit organization specializing in property operations and management. With over 2,731 units of affordable rental housing under their ownership and management in the Portland metropolitan region and Southwest Washington, they cater to households within specific income limits. This extensive portfolio includes apartments, plexes, and single-family houses. In addition to real estate, Reach also manages 87,458 commercial square feet. Beyond property management, Reach is committed to fostering individual, family, and community growth through supportive programs. By serving the Portland metropolitan and Southwest Washington region, Reach aims to develop and manage quality affordable apartment homes.
Official website here: www.reachcdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
Reach Community Development Inc has received a solid Three-Star rating from Charity Navigator, reflecting good accountability and financial health within the organization. The charity boasts a high score in key areas such as having a majority of independent board members and maintaining thorough financial oversight, which is indicative of strong governance practices. Their program expense ratio is also notably high, with 88.06% of funds allocated directly to programs, suggesting a commitment to their mission.
However, user feedback presents a more concerning picture, with multiple reviews highlighting significant issues related to property maintenance and tenant safety. Detractors have reported neglect in building upkeep, such as plumbing problems leading to water shut-offs, unaddressed code violations, and poor living conditions that have resulted in tenant deaths. These reviews raise serious questions about the organization's management of its housing facilities and its responsiveness to tenant concerns.
While some volunteers and supporters defend the organization, indicating a genuine commitment to community service, the overwhelming number of negative reviews suggests that Reach Community Development Inc may be struggling to fulfill its mission effectively on the ground. The contrast between the charity's financial performance and the lived experiences of its tenants illustrates the complexity of nonprofit work in the housing sector, underscoring the need for improvements in operational practices.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Reach Community Development Inc legitimate?
Reach Community Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Reach Community Development Inc 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: $552,585
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,760,107
For more financial information, click here
Official website here: www.reachcdc.org
What is the mission statement of Reach Community Development Inc?
Reach Community Development Inc focuses on developing and managing affordable apartment homes, offering opportunities for individuals and families to thrive through supportive programs. They serve communities in the Portland metropolitan area and Southwest Washington. The organization's mission goes beyond just housing, as it aims to provide a supportive environment for individuals and families to improve their quality of life. Reach Community Development Inc and its affiliates own and manage over 2,731 units of affordable rental housing, available only to households under income limits. They also manage 87,458 commercial square footage. The supportive programs offered by the organization help individuals and families access essential resources and services, enabling them to overcome challenges and build better futures.
Official website here: www.reachcdc.org
Who is the CEO of Reach Community Development Inc?
Margaret Salazar is the Principal Officer of Reach Community Development Inc. The CEO's salary of Reach Community Development Inc is $179,433 and their total compensation is $207,354.
Official website here: www.reachcdc.org
What is the revenue of Reach Community Development Inc?
Reach Community Development Inc's revenue in 2022 was $25,254,357.
Official website here: www.reachcdc.org
Who are the executives of Reach Community Development Inc and what are their salaries?
The average compensation at Reach Community Development Inc during 2022 was $45,631. There are 226 employees and 15 volunteers at Reach Community Development Inc.
Here are 23 key members and their salaries (Reach Community Development Inc's CEO's salary is $179,433 and their total compensation is $207,354):
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- Compensation: $179,433
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- Other: $370
Official website here: www.reachcdc.org
Where can I find the form 990 for Reach Community Development Inc?
Reach Community Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.reachcdc.org
Learn more at the official website: www.reachcdc.org
Mission Statement of Reach Community Development Inc
Reach Community Development Inc, a prominent nonprofit organization, is dedicated to developing and managing quality affordable apartment homes and offering opportunities for individuals, families, and communities to thrive through supportive programs. This mission is geared towards providing living solutions for those under certain income limits and creating an environment that fosters growth and development.
The core business of Reach Community Development Inc involves property operations and management. They oversee more than 2,731 units of affordable rental housing, which encompasses apartments, plexes, and single-family houses. This extensive portfolio is a testament to their commitment to meeting the housing needs of their community. In addition to their rental properties, the organization also manages 87,458 commercial square feet. Their diverse property portfolio reflects their comprehensive approach to community development.
Reach Community Development Inc's impact extends beyond the physical realm of housing. Their supportive programs aim to empower individuals and families, fostering an environment that nurtures their growth and enables them to reach their full potential. By providing affordable housing and essential services, the nonprofit is able to create a strong foundation for the communities it serves, ultimately contributing to their long-term success.
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Impact
October, 2024
Reach Community Development Inc has a significant impact on the Portland metropolitan and Southwest Washington region by developing and managing quality affordable housing. With over 2,731 units of rental housing, including apartments, plexes, and single-family homes, they provide essential living spaces for households that fall within specific income limits. This initiative helps alleviate housing insecurity and fosters community stability.
In addition to housing, Reach creates opportunities for individual and family growth through supportive programs tailored to meet diverse needs. By managing 87,458 square feet of commercial space, they also contribute to local economic development, offering spaces that can support businesses and job creation.
Overall, Reach Community Development Inc plays a vital role in enhancing the quality of life for many individuals and families, promoting thriving communities through accessible housing and holistic support services.
This information is meant to be a general summary of Reach Community Development Inc. 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.
- Investment Income: $648,215
- Program Service Revenue: $20,291,732
- Gross Receipts: $25,481,449
Assets and Liabilities:
- Total Assets: $93,233,425
- Total Liabilities: $71,375,864
- Net Assets: $21,857,561
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$11,599,250
PROPERTY MANAGEMENT FEE
Revenue
$7,549,210
DEVELOPER FEE
Revenue
$773,500
MISC RESIDENT CHARGES
Revenue
$189,499
LAUNDRY & VENDING
Revenue
$86,738
Organization Details
Founding Year
1982
Phone
(503) 231-0682Principal Officer
Margaret Salazar
Main Address
4150 S MOODY AVENUE, PORTLAND, OR, 97239
Website
www.reachcdc.orgNTEE Category
Code: L200 - Housing
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