Housing Northwest Inc
- Assets
- $58.6m
- Revenue
- $5.9m
- Investments
- $1.4m
- Employees
- 41
- Location
- Portland, OR
- Founding
- 02/1970
- Data as of
- 06/2019
- EIN
- 93-0578172
Organization Overview
Housing Northwest Inc is located in Portland, OR. The organization was established in 1970. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2017, Housing Northwest Inc employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Northwest 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 06/2019, Housing Northwest Inc generated $5.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $6.5m during the year ending 06/2019. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO BE THE PREMIER PROVIDER OF AFFORDABLE STUDENT HOUSING AND SUPPORTIVE SERVICES WHICH ENHANCE STUDENT DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES HOUSING AND RELATED SERVICES TO STUDENTS, FACULTY AND STAFF OF THE PORTLAND STATE UNIVERSITY, PORTLAND COMMUNITY COLLEGE, WESTERN CULINARY INSTITUTE, AND PACIFIC NORTHWEST COLLEGE OF ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Garnand Executive Director | Officer | 40 | $163,000 |
Jim Radar Board President | OfficerTrustee | 1 | $0 |
Charles Burck Board Secretary | Trustee | 1 | $0 |
Tiffany Prescott Board Member | Trustee | 1 | $0 |
David Schmitt Board Member | Trustee | 1 | $0 |
Michael Lam Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,427 |
| Investment income | $261,185 |
| 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 | $5,917,895 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,580,862 |
| Pension plan accruals and contributions | $77,460 |
| Other employee benefits | $179,508 |
| Payroll taxes | $135,609 |
| Fees for services: Management | $301,290 |
| Fees for services: Legal | $82,725 |
| Fees for services: Accounting | $28,490 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $109,848 |
| Office expenses | $36,439 |
| Information technology | $122,954 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $991,855 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,025,099 |
| Insurance | $265,803 |
| All other expenses | $379,135 |
| Total functional expenses | $6,453,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,818,979 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $173,090 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,423,628 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,179,862 |
| Total assets | $58,641,349 |
| Accounts payable and accrued expenses | $1,853,322 |
| Grants payable | $0 |
| Deferred revenue | $282,819 |
| Tax-exempt bond liabilities | $49,080,858 |
| 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 | $393,455 |
| Total liabilities | $51,610,454 |
| Net assets without donor restrictions | $7,030,895 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $7,030,895 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Housing Northwest Inc has recieved totaling $13,000.
| Awarding Organization | Amount |
|---|---|
Achieving The Dream Inc Silver Spring, MD PURPOSE: AWARDS | $8,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The University Corporation San Francisco State San Francisco, CA | $47,309,090 | $29,247,706 |
California State University Dominguez Hills Foundation Carson, CA | $11,765,317 | $14,222,352 |
Allan Hancock College Foundation Santa Maria, CA | $20,101,421 | $6,236,200 |
Wave Property Inc Malibu, CA | $0 | -$40,507 |
U C Riverside Foundation Riverside, CA | $204,662,854 | $24,632,492 |
San Francisco State University Foundation San Francisco, CA | $183,676,818 | $22,479,029 |
10000 Degrees San Rafael, CA | $19,169,911 | $12,132,333 |
Klare Holdings Los Angeles, CA | $259,758,492 | $15,264,279 |
California State University - Northridge Foundation Northridge, CA | $300,894,352 | $70,202,583 |
John H & Cynthia Lee Smet Foundation Manhattan Beach, CA | $180,146,566 | $55,938,171 |
Idaho State University Foundation Inc Pocatello, ID | $103,380,553 | $14,176,900 |
Riverside County Office Of Education Foundation Riverside, CA | $343,683 | $10,179,019 |