Overview
What is Housing Development Center?
The Housing Development Center, established in Portland, Oregon, is a nonprofit organization committed to aiding mission-driven organizations by financing, constructing, and renovating affordable housing and community facilities. It serves low-income individuals by developing various types of affordable housing, including multifamily rentals, homeownership, and mixed-use developments. Additionally, the Center helps in building healthcare, childcare, and specialized service facilities. The organization's comprehensive development services span the entire project lifecycle, from planning and predevelopment to financial structuring and construction management. The Housing Development Center has a strong focus on meeting compliance obligations associated with public and private financing programs designed to support affordable housing and facilities in low-income communities. During its 29-year history, it has collaborated with around 60 organizations to manage over 190 development projects in Oregon and Southwest Washington, leading to the completion of over 6,800 housing units and 350,000 square feet of community facility and commercial space, totaling over $1 billion in development costs. Centering those who have historically been oppressed, the Housing Development Center collaborates with its partners to envision, develop, and sustain affordable homes and community places.
Official website here: www.housingdevelopmentcenter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The Housing Development Center has achieved a perfect score of 100% on Charity Navigator, signifying exemplary accountability and financial management. Its strong performance in the Accountability & Finance beacon indicates that the organization operates with transparency and integrity, ensuring that donations are effectively utilized for its mission.
The organization boasts a fully independent board, which enhances its governance and decision-making processes. With robust financial oversight mechanisms in place, including an audit and oversight committee, the Housing Development Center demonstrates a commitment to maintaining high standards of fiscal responsibility. Additionally, it has a solid program expense ratio of over 80%, indicating that a significant portion of its funding is directed towards its programs and services.
No significant limitations have been noted in the available data, making the Housing Development Center a highly rated nonprofit that exemplifies best practices in financial accountability and governance. Its proactive approach in maintaining transparency and adhering to ethical standards further enhances its reputation in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Development Center legitimate?
Housing Development Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Development Center 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: $253,650
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,613,718
For more financial information, click here
Official website here: www.housingdevelopmentcenter.org
What is the mission statement of Housing Development Center?
The Housing Development Center, centered around supporting historically oppressed individuals, collaborates with its partners to envision, develop, and sustain affordable homes and community places. Their housing and facilities development team works with mission-driven organizations to finance, build, and renovate affordable housing and community facilities for low-income people. This includes multifamily rentals, homeownership, and mixed-use developments. The center also assists in the development of healthcare, childcare, and other specialized service facilities. Their development services encompass all aspects and phases of project development, from planning and pre-development to financial structuring and construction management. The Housing Development Center provides expertise in meeting compliance obligations associated with public and private financing programs designed to support affordable housing and facilities serving low-income communities. Over the past 29 years, they have worked with approximately 60 mission-driven organizations to manage over 190 development projects in Oregon and Southwest Washington, resulting in the development or preservation of over 6,800 housing units and 350,000 square feet of community facility and commercial space, with a total development cost of over $1 billion.
Official website here: www.housingdevelopmentcenter.org
Who is the CEO of Housing Development Center?
Traci Manning is the Past Exec. Dir. of Housing Development Center.
Official website here: www.housingdevelopmentcenter.org
What is the revenue of Housing Development Center?
Housing Development Center's revenue in 2022 was $3,244,688.
Official website here: www.housingdevelopmentcenter.org
Who are the executives of Housing Development Center and what are their salaries?
The average compensation at Housing Development Center during 2022 was $69,162. There are 27 employees and 8 volunteers at Housing Development Center.
Here are 13 key members and their salaries:
- Compensation: $113,381
- Related: $0
- Other: $29,125
- Compensation: $114,122
- Related: $0
- Other: $27,460
- Compensation: $107,609
- Related: $0
- Other: $27,134
- Compensation: $118,027
- Related: $0
- Other: $15,903
- Compensation: $105,727
- Related: $0
- Other: $20,819
- Compensation: $109,217
- Related: $0
- Other: $6,886
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.housingdevelopmentcenter.org
Where can I find the form 990 for Housing Development Center?
Housing Development Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.housingdevelopmentcenter.org
Learn more at the official website: www.housingdevelopmentcenter.org
Mission Statement of Housing Development Center
Housing Development Center, a nonprofit organization, is dedicated to centering individuals who have historically been oppressed. Their mission involves collaborating with partners to envision, develop, and sustain affordable homes and community places. This organization works closely with mission-driven organizations to finance, build, and renovate various types of affordable housing, such as multifamily rentals, homeownership, and mixed-use developments. They also assist in the development of healthcare, childcare, and other specialized service facilities.
Housing Development Center's development services cover all aspects and phases of project development, from planning and predevelopment to financial structuring and construction management. The organization possesses expertise in assessing and meeting compliance obligations associated with public and private financing programs designed to support affordable housing and facilities serving low-income communities. Over its 29-year history, Housing Development Center has worked with approximately 60 mission-driven organizations to manage over 190 development projects in Oregon and Southwest Washington. These projects have resulted in the development or preservation of over 6,800 completed housing units and 350,000 completed square feet of community facility and commercial space, representing over $1 billion in total development costs. In summary, Housing Development Center is committed to addressing the housing needs of historically oppressed individuals by developing and preserving affordable homes and community spaces.
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Impact
July, 2024
Housing Development Center has made a significant impact by collaborating with its partners to envision, develop, and sustain affordable homes and community places. With a focus on centering those who have been historically oppressed, HDC's Housing and Facilities Development team works with mission-driven organizations to finance, build, and renovate affordable housing and community facilities that serve low-income people. Over its 29-year history, HDC has managed over 190 development projects in Oregon and Southwest Washington, resulting in the development or preservation of more than 6,800 completed housing units and 350,000 completed square feet of community facility and commercial space. These projects collectively represent over $1 billion in total development costs, demonstrating the organization's significant and lasting impact on providing affordable housing for underserved communities.
This information is meant to be a general summary of Housing Development Center. 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: $2,555
- Program Service Revenue: $3,008,589
- Gross Receipts: $3,244,688
Assets and Liabilities:
- Total Assets: $5,193,870
- Total Liabilities: $841,617
- Net Assets: $4,352,253
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEES
Revenue
$696,960
GOVERNMENT CONTRACTS
Revenue
$88,300
LOAN FEE REVENUE
Revenue
$5,000
LOAN INTEREST INCOME
Revenue
$23,595
SERVICE FEES
Revenue
$2,194,734
Organization Details
Founding Year
1993
Phone
(503) 335-3668Principal Officer
Traci Manning
Main Address
524 E Burnside St Suite 210, Portland, OR, 97214
NTEE Category
Code: L20 - Housing
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