Reach Community Development Inc
- Assets
- $93.2m
- Revenue
- $25.3m
- Investments
- $0.0
- Employees
- 226
- Location
- Portland, OR
- Founding
- 09/1982
- Data as of
- 12/2022
- EIN
- 93-0813981
Organization Overview
Reach Community Development Inc is located in Portland, OR. The organization was established in 1982. 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 12/2022, Reach Community Development Inc employed 226 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reach Community Development 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 12/2022, Reach Community Development Inc generated $25.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $29.4m during the year ending 12/2022. While expenses have increased by 10.1% per year over the past 8 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.
Since 2020, Reach Community Development Inc has awarded 37 individual grants totaling $1,814,165. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
REACH DEVELOPS AND MANAGES QUALITY AFFORDABLE APARTMENT HOMES AND PROVIDES OPPORTUNITIES FOR INDIVIDUALS, FAMILIES AND COMMUNITIES TO THRIVE THROUGH SUPPORTIVE PROGRAMS. REACH SERVES THE PORTLAND METROPOLITAN AND SW WASHINGTON REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROPERTY OPERATIONS AND MANAGEMENT - REACH AND AFFILIATED ENTITIES OWN AND MANAGE MORE THAN 2,731 UNITS OF AFFORDABLE RENTAL HOUSING IN THE PORTLAND, OREGON METROPOLITAN REGION AND SOUTHWEST WASHINGTON. THESE UNITS ARE IN APARTMENTS, PLEXES AND SINGLE-FAMILY HOUSES, AND ARE ONLY AVAILABLE TO HOUSEHOLDS UNDER CERTAIN INCOME LIMITS. REACH AND AFFILIATED ENTITIES ALSO OWN AND MANAGE 87,458 COMMERCIAL SQUARE FOOTAGE.
HOME REPAIR PROGRAM: THE COMMUNITY BUILDERS PROGRAM PROVIDES FREE HOME REPAIRS FOR LOW-INCOME ELDERLY AND/OR DISABLED HOMEOWNERS TO AGE IN PLACE AND HELP MAINTAIN HOUSING STABILITY. THIS INCLUDES PROVIDING ACCESSIBILITY AND SAFETY UPGRADES, SUCH AS WHEELCHAIR RAMPS, GRAB BARS, AND SMOKE 1,027,815. 806,441. RESIDENT (TENANT) SERVICES: DETECTORS. REACH SERVES APPROXIMATELY 200 HOUSEHOLDS ANNUALLY, UTILIZING SEVERAL HUNDRED VOLUNTEERS, DONATED MATERIALS AND CONTRACTED LABOR.
RESIDENT SERVICES: THE RESIDENT SERVICES PROGRAM SUPPORTS FAMILIES AND INDIVIDUALS LIVING IN REACH AND AFFILIATED ENTITIES HOUSING AS THEY IMPROVE THE SOCIAL, ECONOMIC, AND ENVIRONMENTAL CONDITIONS AFFECTING THEIR LIVES. THE PROGRAM OFFERS BETTER ACCESS TO COMMUNITY SERVICES, SKILL BUILDING WORKSHOPS, A RESIDENT NEWSLETTER, AND ACTIVITIES FOR YOUNG AND ADULT RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander Mcpherson Board Member | Trustee | 1 | $0 |
Ben Werner Treasurer | OfficerTrustee | 1 | $0 |
Cheranda Curtis Board Member | Trustee | 1 | $0 |
Clara Johnson Board Member | Trustee | 1 | $0 |
Cris Sohler Board Member | Trustee | 1 | $0 |
David Sacamano Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Susan Brannon Accounting | 12/30/21 | $263,911 |
Cohnreznick Llp Audit, Accounting, Taxes | 12/30/21 | $220,096 |
Oregon Attic Llc Repairs, Building Projects | 12/30/21 | $203,006 |
Heiberg Garbage & Recycling Llc Utilities (Garbage & Recycling) | 12/30/21 | $120,813 |
Granite Telecommunications Llc Telephone & Internet | 12/30/21 | $120,683 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,936,790 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,157,481 |
| Noncash contributions included in lines 1a–1f | $82,955 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,094,271 |
| Total Program Service Revenue | $20,291,732 |
| Investment income | $606,206 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $42,009 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,254,357 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,613,318 |
| 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. | $552,585 |
| Compensation of current officers, directors, key employees. | $93,261 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,760,107 |
| Pension plan accruals and contributions | $154,689 |
| Other employee benefits | $1,635,635 |
| Payroll taxes | $668,988 |
| Fees for services: Management | $935,658 |
| Fees for services: Legal | $217,721 |
| Fees for services: Accounting | $223,848 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $667,964 |
| Advertising and promotion | $5,214 |
| Office expenses | $677,157 |
| Information technology | $212,061 |
| Royalties | $0 |
| Occupancy | $2,705,074 |
| Travel | $15,700 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $174,845 |
| Interest | $1,311,910 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,972,684 |
| Insurance | $129,313 |
| All other expenses | $283,607 |
| Total functional expenses | $29,396,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,820,008 |
| Savings and temporary cash investments | $1,397,778 |
| Pledges and grants receivable | $741,243 |
| Accounts receivable, net | $6,565,913 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $20,615,098 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $163,043 |
| Net Land, buildings, and equipment | $42,324,410 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,797,256 |
| Intangible assets | $400,000 |
| Other assets | $15,408,676 |
| Total assets | $93,233,425 |
| Accounts payable and accrued expenses | $6,518,471 |
| Grants payable | $0 |
| Deferred revenue | $128,536 |
| 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 | $60,322,100 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,406,757 |
| Total liabilities | $71,375,864 |
| Net assets without donor restrictions | $16,284,717 |
| Net assets with donor restrictions | $5,572,844 |
| 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 | $93,233,425 |
Grants Awarded
Over the last fiscal year, Reach Community Development Inc has awarded $1,254,683 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
72ND AND FOSTER LP PURPOSE: TENANT BASED RENT ASSISTANCE | $36,173 |
ALBINA CORNER LIMITED PARTNERSHIP PURPOSE: TENANT BASED RENT ASSISTANCE | $52,637 |
REACH ARGYLE LIMITED PARTNERSHIP PURPOSE: TENANT BASED RENT ASSISTANCE | $502,473 |
CASCADIA VILLAGE APARTMENTS LLC PURPOSE: TENANT BASED RENT ASSISTANCE | $94,028 |
REACH DRESDEN LLC PURPOSE: TENANT BASED RENT ASSISTANCE | $7,831 |
COVINGTON COMMONS LP PURPOSE: TENANT BASED RENT ASSISTANCE | $67,259 |