Overview
What is Portland Community Reinvestment Initiatives Inc?
Portland Community Reinvestment Initiatives Inc (PCRI) is a nonprofit organization based in Portland, Oregon, specifically at 6329 NE Martin Luther King Jr BL, 97211. Their primary mission revolves around advocating for affordable housing and managing low-income properties in the Northeast Portland neighborhoods. PCRI's activities encompass maintaining the physical integrity of their properties, handling rental operations, processing housing applications, leasing units, collecting rent, and managing court procedures related to lease violations. Moreover, they oversee the maintenance of their properties, including refurbishing vacant units and conducting emergency, routine, and preventative maintenance. Beyond property management, they aim to foster community development initiatives, supporting lower-income residents, and preserving affordable housing options in the city of Portland. With a workforce of 48 employees, PCRI is dedicated to making a positive impact in the community.
Official website here: www.pcrihome.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 77% (Three-Star out of Four Star Rating)**
Portland Community Reinvestment Initiatives Inc. has received a 77% score from Charity Navigator, reflecting a solid performance in accountability and finance. The organization excels in having a fully independent board and a favorable liabilities to assets ratio, indicating strong financial stability. However, the absence of certain financial documents and a whistleblower policy suggests areas for improvement in governance practices.
The organization boasts an impressive program expense ratio of 84%, demonstrating a commitment to using the majority of its funds for programmatic purposes rather than administrative costs. Despite these strengths, the lack of publicly available data on impact and measurement limits the ability to assess the effectiveness of its programs fully.
Not Available.
This AI summary has been generated from information found on Charity Navigator.
Is Portland Community Reinvestment Initiatives Inc legitimate?
Portland Community Reinvestment Initiatives Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Portland Community Reinvestment Initiatives 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: $226,089
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,388,417
For more financial information, click here
Official website here: www.pcrihome.org
What is the mission statement of Portland Community Reinvestment Initiatives Inc?
Portland Community Reinvestment Initiatives Inc serves as an advocate for low-income housing and manages low-income properties. Its primary focus is on supporting lower-income residents, predominantly in northeast Portland neighborhoods. The organization's mission is threefold: preserving, expanding, and managing affordable housing in the city; providing access to and advocacy services for its residents; and acquiring, developing, or managing multi-family housing to maintain affordable housing choices within the community. In summary, Portland Community Reinvestment Initiatives Inc strives to promote and maintain affordable housing while advocating for and serving its low-income resident base.
Official website here: www.pcrihome.org
What is the revenue of Portland Community Reinvestment Initiatives Inc?
Portland Community Reinvestment Initiatives Inc's revenue in 2022 was $8,839,541.
Official website here: www.pcrihome.org
Who are the executives of Portland Community Reinvestment Initiatives Inc and what are their salaries?
The average compensation at Portland Community Reinvestment Initiatives Inc during 2022 was $54,469. There are 48 employees and 7 volunteers at Portland Community Reinvestment Initiatives Inc.
Here are 8 key members and their salaries:
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- Compensation: $211,495
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- Other: $14,594
Official website here: www.pcrihome.org
Where can I find the form 990 for Portland Community Reinvestment Initiatives Inc?
Portland Community Reinvestment Initiatives Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pcrihome.org
Learn more at the official website: www.pcrihome.org
Mission Statement of Portland Community Reinvestment Initiatives Inc
Portland Community Reinvestment Initiatives Inc serves as an advocate for low-income housing in the region. In addition to its advocacy role, the organization also functions as a low-income property manager, community developer, and catalyst for innovative community development initiatives that support lower-income residents primarily living in Northeast Portland neighborhoods.
The primary mission of Portland Community Reinvestment Initiatives Inc is to preserve, expand, and manage affordable housing in the city of Portland. This entails preserving and managing high-quality, scattered-site, single-family homes, expanding and managing a portfolio of small multiplexes, and acquiring or developing multi-family housing to maintain affordable housing choices within the community. By doing so, the organization aims to provide access to and advocacy services for its residents, thereby contributing significantly to the well-being of the low-income community.
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Impact
July, 2024
Portland Community Reinvestment Initiatives Inc's impact includes serving as an advocate for low-income housing, functioning as a low-income property manager, engaging in community development, and catalyzing innovative initiatives that support lower-income residents primarily in Northeast Portland neighborhoods. Their property management activities involve maintaining the integrity of physical assets, managing rental operations, processing housing applications, leasing units, collecting rent, and overseeing property maintenance. The organization's mission is to preserve, expand, and manage affordable housing in Portland, providing access to advocacy services for residents. They aim to preserve affordable, high-quality single-family homes, manage small multiplexes, and acquire/develop multifamily housing to offer affordable housing options in the community.
This information is meant to be a general summary of Portland Community Reinvestment Initiatives 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: $124,961
- Program Service Revenue: $5,505,628
- Gross Receipts: $8,883,198
Assets and Liabilities:
- Total Assets: $37,779,245
- Total Liabilities: $15,999,193
- Net Assets: $21,780,052
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$5,195,641
PROPERTY MGMT FEES
Revenue
$280,959
DAMAGE/REPAIR FEES
Revenue
$27,505
SCREENING FEES
Revenue
$1,523
Organization Details
Founding Year
1991
Phone
(503) 288-2923Principal Officer
Kymberly Horner
Main Address
6329 NE MARTIN LUTHER KING JR BLVD, PORTLAND, OR, 97211
Website
www.pcrihome.orgNTEE Category
Code: Z99Z - Unknown
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