Overview
What is Proud Ground?
Proud Ground is a nonprofit organization situated in Portland, Oregon, dedicated to promoting affordable homeownership. Utilizing the land trust model, they provide subsidies to reduce home purchase prices. This ensures the homes remain permanently affordable once sold to new eligible homeowners. The organization offers extensive support services to its homebuyers, including education and counseling sessions, guidance on budgeting, debt reduction, and improving credit scores. To become eligible, individuals must attend specific classes and meet income requirements. Post-purchase, homeowners have access to resources such as home inspections, IDA matching grants, and workshops. Membership in Proud Ground is open to anyone living or working within its service area, with annual donations of $25 or more securing membership and access to regular updates. The organization facilitates the resale of homes on trust-held land to eligible buyers.
Official website here: www.proudground.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Star rating)
Proud Ground has achieved an impressive 98% rating on Charity Navigator, reflecting its strong performance in both accountability and financial management, with a 96% score in Accountability & Finance and a perfect score of 100 in Impact & Measurement. The organization is notable for its independent governance structure and effective financial oversight, demonstrating a commitment to transparency and responsible stewardship of resources.
User feedback highlights Proud Ground’s significant impact on affordable housing in the Portland area. Clients have praised the organization for its innovative approach to homeownership, noting its zero foreclosure rate and extensive support throughout the purchasing process. Many reviews emphasize the dedication and expertise of the staff, particularly their ability to navigate the complexities of home buying for first-time owners.
While the feedback is overwhelmingly positive, the organization's focus is primarily on the Portland metropolitan area, which may limit its reach to those in other regions needing similar services. Nevertheless, supporters believe that Proud Ground plays a crucial role in promoting stability and community engagement through homeownership, making their work essential to the local housing landscape.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Proud Ground legitimate?
Proud Ground is a legitimate nonprofit organization registered as a 501(c)(3) entity. Proud Ground 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: $122,313
Professional Fundraising Fees: $0
Other Salaries and Wages: $499,993
For more financial information, click here
Official website here: www.proudground.org
What is the mission statement of Proud Ground?
Proud Ground's mission is centered around providing permanently affordable home ownership opportunities for individuals and families. They achieve this using the land trust model, where Proud Ground administers subsidy funds to reduce the purchase price of homes. Resale provisions ensure the homes' long-term affordability. The organization actively reaches out to underserved communities, incorporating culturally responsive materials and methods to disseminate information about their homeownership program and buying opportunities. Prospective and active home buyers receive HUD-approved education and counseling, helping them toward mortgage readiness. Post-purchase, homeowners have access to various resources to promote stability and success, such as home inspections, grants, newsletters, and workshops. Proud Ground is a membership organization, open to anyone who donates a minimum of $25 annually, and they maintain regular communication with their members and stakeholders.
Official website here: www.proudground.org
Who is the CEO of Proud Ground?
Dominique Merriweather is the Executive Dir. of Proud Ground.
Official website here: www.proudground.org
What is the revenue of Proud Ground?
Proud Ground's revenue in 2022 was $6,473,930.
Official website here: www.proudground.org
Who are the executives of Proud Ground and what are their salaries?
The average compensation at Proud Ground during 2022 was $41,487. There are 15 employees and 25 volunteers at Proud Ground.
Here are 16 key members and their salaries:
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Official website here: www.proudground.org
Where can I find the form 990 for Proud Ground?
Proud Ground's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.proudground.org
Learn more at the official website: www.proudground.org
Mission Statement of Proud Ground
Proud Ground, a nonprofit organization, is committed to providing permanently affordable home ownership opportunities using the land trust model. Under this model, Proud Ground administers subsidy funds to buy down the purchase price of homes. Resale provisions ensure the homes' permanent affordability, ensuring that the benefit extends to future eligible homeowners.
The organization's mission is multifaceted. Proud Ground delivers homebuyer, homeowner, and outreach services, with a focus on underserved communities of color. They achieve this through deliberate research and dialogue, which has led to an outreach strategy that has expanded their services to these communities. Proud Ground uses a combination of grassroots activities, partnerships, and outreach strategies to reach underserved communities with information about their homeownership program and home buying opportunities. They incorporate culturally-responsive materials and methods in their outreach, providing translation and interpretation services to non-English speakers.
In addition, Proud Ground offers HUD-approved education and counseling to prospective and active home buyers. HUD and NeighborWorks certified counselors assist households working towards mortgage readiness through individual coaching and referrals, covering topics such as debt reduction, credit score improvement, budgeting, and savings planning. Educational opportunities are also provided in bi-monthly newsletters and workshops.
All Proud Ground homebuyers are required to attend a free home ownership orientation class and complete an 8-hour education class provided by a separate, approved organization. Homebuyers must also meet income and other funding criteria, such as first-time homebuyer status. Post-purchase, homeowners have access to a variety of resources, including home inspections, IDA matching grants for home repair and maintenance projects, and energy efficiency upgrades.
In conclusion, Proud Ground's mission is to provide permanently affordable home ownership opportunities to underserved communities, delivering comprehensive homebuyer education and counseling, and post-purchase support to promote homeowner stability and success.
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Impact
July, 2024
Proud Ground's impact is significant in providing permanently affordable homeownership opportunities through the land trust model. By administering subsidy funds to buy down the purchase price of homes and implementing resale provisions to ensure homes' permanent affordability, Proud Ground helps individuals and families achieve the dream of owning a home. Additionally, their outreach services, homebuyer education, and post-purchase homeowner support contribute to community empowerment and stability. Through their efforts, Proud Ground promotes equitable access to homeownership, particularly for underserved communities of color, thus making a meaningful difference in the housing landscape of Portland, Oregon.
This information is meant to be a general summary of Proud Ground. 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: $2,028
- Program Service Revenue: $494,164
- Gross Receipts: $6,473,930
Assets and Liabilities:
- Total Assets: $41,531,963
- Total Liabilities: $2,444,959
- Net Assets: $39,087,004
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEES
Revenue
$250,636
LEASE FEES
Revenue
$242,728
TECHNICAL ASSISTANCE
Revenue
$800
Organization Details
Founding Year
1999
Phone
(503) 493-0293Principal Officer
Dominique Merriweather
Main Address
5288 N Interstate, Portland, OR, 97217
Website
www.proudground.orgNTEE Category
Code: L200 - Housing
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