Overview
What is Portland Affordable Housing Preservation Trust?
Portland Affordable Housing Preservation Trust is a nonprofit organization situated in Portland, Oregon, specifically at 1205 SW 18th Ave. Its primary mission is to generate and preserve affordable housing options in the Portland area for low-income families and individuals, including the elderly and disabled. To achieve this, they provided 100 units of affordable housing at East Fair Terrace Apartments. The trust's overall objective is to preserve and expand the existing inventory of affordable housing in the Portland metropolitan area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, Two-Star out of Four Star rating
The Portland Affordable Housing Preservation Trust has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and transparency. The overall score of 71% reflects solid governance practices, particularly with a fully independent board and no reported material diversion of assets, which is a positive sign for potential donors. Additionally, the organization demonstrates a commendable program expense ratio of 87.30%, suggesting that a significant portion of its funding is directed toward its mission-related activities.
Strengths of the organization include a conflict of interest policy in place and thorough documentation of board meeting minutes, contributing to its strong governance framework. The board comprises 100% independent members, which enhances oversight and helps to ensure that the organization's decisions are made in the best interest of its mission. Furthermore, the low liabilities to assets ratio indicates a strong financial position, which is reassuring for stakeholders.
Despite these strengths, the Two-Star rating suggests that there may be areas for improvement in overall financial performance and operational effectiveness. While the high program expense ratio is positive, the overall score indicates that the organization might benefit from enhancing its transparency or addressing other operational challenges to improve donor trust and engagement.
This AI summary has been generated from information found on Charity Navigator.
Is Portland Affordable Housing Preservation Trust legitimate?
Portland Affordable Housing Preservation Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Portland Affordable Housing Preservation Trust 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: $4,475
Professional Fundraising Fees: $0
Other Salaries and Wages: $44,820
For more financial information, click here
What is the mission statement of Portland Affordable Housing Preservation Trust?
The Portland Affordable Housing Preservation Trust's mission is centered around preserving and expanding the availability of affordable housing in the metropolitan area. This organization strives to provide housing solutions for low-income individuals and families. One of its significant achievements includes offering 100 units of affordable housing at East Fair Terrace Apartments for low-income, elderly, and disabled people.
Who is the CEO of Portland Affordable Housing Preservation Trust?
Ted Gilbert is the Board Member of Portland Affordable Housing Preservation Trust.
What is the revenue of Portland Affordable Housing Preservation Trust?
Portland Affordable Housing Preservation Trust's revenue in 2022 was $770,084.
Who are the executives of Portland Affordable Housing Preservation Trust and what are their salaries?
There 7 volunteers at Portland Affordable Housing Preservation Trust.
Here are 7 key members and their salaries:
- Compensation: $4,475
- 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
Where can I find the form 990 for Portland Affordable Housing Preservation Trust?
Portland Affordable Housing Preservation Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Portland Affordable Housing Preservation Trust
The Portland Affordable Housing Preservation Trust is dedicated to a significant mission. Its primary objective is to create and preserve housing in the Portland area that is affordable for low-income families. Beyond this, the trust also aims to safeguard and expand the inventory of housing within the Portland metropolitan area that is accessible to low-income individuals and families. To carry out this mission, the trust has provided 100 units of affordable housing at East Fair Terrace Apartments, catering to low-income elderly, disabled, and family residents. The Portland Affordable Housing Preservation Trust is committed to maintaining and expanding the accessibility of affordable housing in the community, ensuring that low-income families have a secure and stable living environment.
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Impact
July, 2024
Portland Affordable Housing Preservation Trust has had a significant impact by creating and preserving affordable housing in the Portland area. Through projects like the East Fair Terrace Apartments, they have provided 100 units of affordable housing for low-income, elderly, and disabled individuals. Their mission to preserve and expand the inventory of housing that is affordable to low-income individuals and families in the Portland metropolitan area demonstrates their commitment to addressing the pressing issue of housing affordability. Their efforts have directly benefited those in need of stable and affordable housing options, contributing to a more inclusive and sustainable community.
This information is meant to be a general summary of Portland Affordable Housing Preservation Trust. 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: $178,965
- Program Service Revenue: $591,119
- Gross Receipts: $770,084
Assets and Liabilities:
- Total Assets: $3,960,645
- Total Liabilities: $945
- Net Assets: $3,959,700
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING
Revenue
$529,091
MANAGEMENT/ADMIN FEES
Revenue
$62,028
Organization Details
Founding Year
2000
Phone
(503) 221-9424Principal Officer
Ted Gilbert
Main Address
1205 SW 18TH AVE, PORTLAND, OR, 97205
NTEE Category
Code: L21 - Housing
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