Specialized Housing Incorporated
- Assets
- $15.6m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 3
- Location
- Beaverton, OR
- Founding
- 10/1981
- Data as of
- 06/2022
- EIN
- 93-0790440
Organization Overview
Specialized Housing Incorporated is located in Beaverton, OR. The organization was established in 1981. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Specialized Housing Incorporated employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Specialized Housing Incorporated 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, Specialized Housing Incorporated generated $4.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 25.2% each year . All expenses for the organization totaled $1.4m during the year ending 06/2022. 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
PROVIDE HOUSING TO LOW INCOME INDIVIDUALS WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OWNS AND MANAGES FACILITIES THROUGHOUT OREGON PROVIDING HOUSING SERVICES TO OVER 500 LOW-INCOME INDIVIDUALS WITH DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Welsh President | OfficerTrustee | 0.5 | $0 |
Daniel Rogers Treasurer | OfficerTrustee | 0.5 | $0 |
Brian Mccarl Exec Dir/sec | OfficerTrustee | 40 | $171,787 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $338,383 |
| All other contributions, gifts, grants, and similar amounts not included above | $405,924 |
| Noncash contributions included in lines 1a–1f | $441,443 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $744,307 |
| Total Program Service Revenue | $1,018,497 |
| Investment income | $36,077 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,017,571 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,816,452 |
| 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. | $179,805 |
| Compensation of current officers, directors, key employees. | $71,922 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $266,128 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,947 |
| Payroll taxes | $33,886 |
| Fees for services: Management | $6,727 |
| Fees for services: Legal | $7,400 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,752 |
| Fees for services: Other | $40,599 |
| Advertising and promotion | $0 |
| Office expenses | $97,570 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $275,016 |
| Travel | $7,557 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,993 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $368,990 |
| Insurance | $45,099 |
| All other expenses | $0 |
| Total functional expenses | $1,379,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $882,640 |
| Savings and temporary cash investments | $1,775,248 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,102 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,424,678 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,975 |
| Net Land, buildings, and equipment | $4,764,050 |
| Investments—publicly traded securities | $1,466,130 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,282,456 |
| Total assets | $15,613,279 |
| Accounts payable and accrued expenses | $157,453 |
| 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 | $1,023,284 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $175,481 |
| Total liabilities | $1,356,218 |
| Net assets without donor restrictions | $14,257,061 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $15,613,279 |