Housing Northwest Inc
- Assets
- $72.2m
- Revenue
- $12.1m
- Investments
- $0.0
- Employees
- 51
- Location
- Portland, OR
- Founding
- 02/1970
- Data as of
- 06/2022
- 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 06/2022, Housing Northwest Inc employed 51 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 06/2022, Housing Northwest Inc generated $12.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $8.2m during the year ending 06/2022. While expenses have increased by 1.8% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
2022
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 |
|---|---|---|---|
Jim Radar Board President | OfficerTrustee | 1 | $0 |
Bill Mccrae Board Treasurer | OfficerTrustee | 1 | $0 |
Bob Magnuson Board Secretary | OfficerTrustee | 1 | $0 |
Laura Rosales Board Member | Trustee | 1 | $0 |
Tenisha Tevis Board Member | Trustee | 1 | $0 |
Eva Park Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Foreman Sturm & Thede Llp Legal Services | 6/29/22 | $195,470 |
Carlson Roofing Company Inc Construction | 6/29/22 | $894,840 |
Ball Janik Llp Legal Services | 6/29/22 | $195,268 |
Millennium Building Services Inc Janitorial Services | 6/29/22 | $128,254 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $280,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $124,053 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $404,053 |
| Total Program Service Revenue | $6,673,587 |
| Investment income | $176,757 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$840,940 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,144,039 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $179,150 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $371,842 |
| Compensation of current officers, directors, key employees. | $287,347 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,426,372 |
| Pension plan accruals and contributions | $24,211 |
| Other employee benefits | $130,159 |
| Payroll taxes | $108,632 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $382,338 |
| Fees for services: Accounting | $41,963 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $988,805 |
| Advertising and promotion | $108,438 |
| Office expenses | $84,709 |
| Information technology | $113,630 |
| Royalties | $0 |
| Occupancy | $818,456 |
| Travel | $1,760 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $48,299 |
| Interest | $1,510,063 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,207,732 |
| Insurance | $325,844 |
| All other expenses | $46,621 |
| Total functional expenses | $8,220,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,415,806 |
| Savings and temporary cash investments | $2,819,754 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42,338 |
| 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 | $34,522 |
| Net Land, buildings, and equipment | $46,577,872 |
| Investments—publicly traded securities | $1,615,232 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $690,780 |
| Total assets | $72,196,304 |
| Accounts payable and accrued expenses | $510,771 |
| Grants payable | $0 |
| Deferred revenue | $204,311 |
| Tax-exempt bond liabilities | $18,690,058 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $32,122,644 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $344,143 |
| Total liabilities | $51,871,927 |
| Net assets without donor restrictions | $20,208,527 |
| Net assets with donor restrictions | $115,850 |
| 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 | $72,196,304 |