Albina Vision Inc
- Assets
- $1.7m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 2
- Location
- Portland, OR
- Founding
- 05/2018
- Data as of
- 12/2021
- EIN
- 82-3733402
Organization Overview
Albina Vision Inc is located in Portland, OR. The organization was established in 2018. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Albina Vision Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albina Vision Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Albina Vision Inc generated $2.3m in total revenue. All expenses for the organization totaled $731.0k during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ALBINA VISION TRUST, INC (AVT) IS FACILITATING THE REINVENTION OF 94 ACRES IN PORTLAND'S ALBINA AREA, FROM WHICH THOUSANDS OF PRIMARILY AFRICAN AMERICAN RESIDENTS WERE IDSPLACED OVER DECADES OF URBAN RENEWAL. AVT'S MISSION IS TO SPUR THE CREATION OF AN INNOVATIVE AND REMARKABLE PLACE THAT IS DIVERSE, INCLUSIVE, AFFORDABLE, AND ACCESSIBLE. AVT IS COMMITTED TO HEALING PAST HARM, AMPLIFYING UNDERREPRESENTED VOICES AND SETTING A PRECEDENT FOR INNOVATIVE COMMUNITY RENEWAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALBINA VISION TRUST'S PROGRAM SERVICES INCLUDE COMMUNITY ENGAGEMENT, PLANNING AND REAL ESTATE TO SPUR THE CREATION OF AN INNOVATIVE AND REMARKABLE PLACE THAT IS DIVERSE, INCLUSIVE, AFFORDABLE, AND ACCESSIBLE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Winta Yohannes Executive Di | Officer | 40 | $116,820 |
Tom Cody At Large | Trustee | 10 | $0 |
Rukaiyah Adams Chairperson | Trustee | 10 | $0 |
Michael Alexander Secretary | Trustee | 10 | $0 |
Gregg Kantor Treasurer | Trustee | 10 | $0 |
Zari Santner At Large | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $338,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,935,025 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,273,025 |
| Total Program Service Revenue | $0 |
| Investment income | $679 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,276,354 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $116,820 |
| Compensation of current officers, directors, key employees. | $38,523 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,167 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,750 |
| Payroll taxes | $13,724 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,299 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,193 |
| Office expenses | $1,514 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,972 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $32 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,242 |
| All other expenses | $102,944 |
| Total functional expenses | $731,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,618,362 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $131,484 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,749,846 |
| Accounts payable and accrued expenses | $132,844 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $132,844 |
| Net assets without donor restrictions | $861,492 |
| Net assets with donor restrictions | $755,510 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,749,846 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Albina Vision Inc has recieved totaling $1,542,900.
| Awarding Organization | Amount |
|---|---|
Oregon Community Foundation Portland, OR PURPOSE: Community Development | $425,500 |
Meyer Memorial Trust Portland, OR PURPOSE: FOR ACQUISITION OF THE PARAMOUNT APARTMENTS, WHICH PRIORITIZE THE COMMUNITY VALUES OF STEWARDSHIP, AFFORDABILITY AND OPPORTUNITY IN THE ALBINA DISTRICT | $300,000 |
Meyer Memorial Trust Portland, OR PURPOSE: FOR GENERAL OPERATING SUPPORT OF THIS ORGANIZATION | $200,000 |
Collins Foundation Portland, OR PURPOSE: SUPPORT OPERATIONS TOWARDS THE DEVELOPMENT OF AN INCLUSIVE COMMUNITY LAND PARCEL TO SHARE THE BLACK COMMUNITY'S CULTURE AND HISTORY OF ALBINA DISTRICT, PORTLAND'S HISTORICALLY BLACK NEIGHBORHOOD | $200,000 |
Meyer Memorial Trust Portland, OR PURPOSE: FOR GENERAL OPERATING SUPPORT OF THIS ORGANIZATION | $200,000 |
Meyer Memorial Trust Portland, OR PURPOSE: FOR GENERAL OPERATING SUPPORT OF THIS ORGANIZATION WHICH WORKS TO CREATE A SOCIALLY AND ECONOMICALLY INCLUSIVE COMMUNITY OF RESIDENTS, BUSINESSES, ARTISTS, MAKERS AND VISITORS | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Accion Opportunity Fund Community Development San Jose, CA | $200,481,759 | $53,600,614 |
Mission Asset Fund San Francisco, CA | $54,523,090 | $57,826,731 |
Civic San Diego San Diego, CA | $12,596,747 | $8,835,597 |
Csac Finance Corporation Sacramento, CA | $22,360,310 | $12,934,423 |
Ampac Tri-State Cdc Inc Ontario, CA | $22,461,621 | $9,676,882 |
Southeast Idaho Council Of Governments Pocatello, ID | $3,930,475 | $5,896,264 |
Inclusive Action For The City Los Angeles, CA | $6,839,271 | $6,785,637 |
Genesis La Economic Growth Corporation Los Angeles, CA | $84,073,617 | $20,248,596 |
Economic Development Collaborative Ventura County Camarillo, CA | $6,956,185 | $3,790,106 |
Accessity San Diego, CA | $20,855,169 | $4,197,275 |
Polk Community Development Corporation Dallas, OR | $22,075,845 | $5,307,917 |
Sustainable Economic Enterprises Of Los Angeles Los Angeles, CA | $2,131,089 | $4,310,365 |