Northwest Housing Alternatives Inc
- Assets
- $68.8m
- Revenue
- $20.8m
- Investments
- $0.0
- Employees
- 59
- Location
- Milwaukie, OR
- Founding
- 12/1985
- Data as of
- 12/2022
- EIN
- 93-0814473
Organization Overview
Northwest Housing Alternatives Inc is located in Milwaukie, OR. The organization was established in 1985. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Northwest Housing Alternatives Inc employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwest Housing Alternatives 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, Northwest Housing Alternatives Inc generated $20.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $17.7m during the year ending 12/2022. While expenses have increased by 10.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A WIDE RANGE OF AFFORDABLE HOUSING OPTIONS FOR OREGONIANS WHO EARN LOW INCOMES INCLUDING FAMILES, SENIORS, AND PEOPLE WITH SPECIAL NEEDS. NHA'S MISSION IS TO CREATE OPPORTUNITY THROUGH HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSOLIDATED HOUSING SUBSIDIARIES NHA CREATES AND MAINTAINS ATTRACTIVE, AFFORDABLE, AND FINANCIALLY HEALTHY RENTAL HOUSING. THIS SECTION SUMMARIZES THE OPERATIONS OF THE CONSOLIDATED ENTITIES INCLUDING THREE LIHPRHA PROJECTS, FIVE FORMER LIHTC PROPERTIES, AND FIVE ENTITIES FORMED TO HOLD OR DEVELOP NEW PROJECTS.
PROPERTY DEVELOPMENT NHA IS A LEADING DEVELOPER OF AFFORDABLE RENTAL COMMUNITIES AND COMMUNITY FACILITIES THROUGHOUT OREGON. NHA COMBINES FEDERAL, STATE, AND LOCAL GOVERNMENT PROGRAMS WITH FINANCING FROM BANKS, PRIVATE INVESTORS, AND CHARITABLE FOUNDATIONS IN ORDER TO DEVELOP AND PRESERVE AFFORDABLE HOUSING. IN 2022, NHA COMPLETED CONSTRUCTION ON 56 NEW APARTMENT HOMES; SECURED FUNDS TO MOVE 92 APARTMENTS FORWARD IN THE DEVELOPMENT PROCESS.
HOMELESS INTERVENTION SERVICES THIS DEPARTMENT INCLUDES ANNIE ROSS HOUSE, HOMEBASE, AND PATHWAYS.ANNIE ROSS HOUSE THE ANNIE ROSS HOUSE PROVIDES SHELTER AND SERVICES TO CLACKAMAS COUNTY FAMILIES WHO ARE EXPERIENCING HOMELESSNESS. THE ANNIE ROSS HOUSE SHELTER TEAM SERVED 37 FAMILIES IN 2022, AND 87% OF THE HOUSEHOLDS SERVED BY ANNIE ROSS HOUSE MOVED DIRECTLY FROM SHELTER INTO PERMANENT HOUSING. HOMEBASE THIS COMMUNITY-BASED PROGRAM PROVIDES DIVERSION FROM SHELTER AND RAPID REHOUSING SERVICES TO HOUSEHOLDS WHO ARE EXPERIENCING HOMELESSNESS OR AT RISK OF HOMELESSNESS IN CLACKAMAS COUNTY, OREGON. UNTIL OCTOBER 2019, HOMEBASE ALSO PROVIDED EVICTION PREVENTION SERVICES. THE PROGRAM HAS A STAFF OF 2.0 FTE. IN 2022, 46 HOUSEHOLDS RECEIVED DIVERSION AND RAPID REHOUSING SERVICES THROUGH HOMEBASE. PATHWAYS PATHWAYS IS A STATE-SUPPORTED RENTAL ASSISTANCE PROGRAM WHICH PROVIDES CASE MANAGEMENT AND HOUSING SUPPORT FOR INDIVIDUALS LIVING WITH SEVERE AND PERSISTENT MENTAL ILLNESS (SPMI) WHO ARE AT RISK OF OR CURRENTLY EXPERIENCING HOMELESSNESS. THE PATHWAYS PROGRAM SUPPORTS A CASELOAD OF 30 HOUSEHOLDS AT ANY GIVEN TIME. PATHWAYS HAS A STAFF OF 1.0 FTE AND A CONTRACTED PEER SUPPORT POSITION THROUGH MENTAL HEALTH ASSOCIATION OF OREGON (MHAO
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trell Anderson Executive Dir. | Officer | 40 | $157,320 |
Destin Ferdun Dir Housing Dev | 40 | $154,341 | |
Phillip Hackworth Dir Of Asset Mgmt | 40 | $151,064 | |
Kristin Barber Dir Of Philanth | 40 | $123,149 | |
Lindsay Hallberg Dir Of Finance | Officer | 40 | $135,131 |
Natalie Thompson Dir Of Programs | 40 | $135,597 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Carleton Hart Architecture Architectural | 12/30/22 | $776,835 |
Bremik Constuction Inc Contracting | 12/30/22 | $13,066,621 |
Lmc Contracting | 12/30/22 | $12,618,583 |
Walsh Construction Co Contracting | 12/30/22 | $7,483,434 |
Dao Architecture Architectural | 12/30/22 | $716,869 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $184,700 |
| Related organizations | $0 |
| Government grants | $2,016,377 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,371,858 |
| Noncash contributions included in lines 1a–1f | $22,565 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,572,935 |
| Total Program Service Revenue | $14,074,396 |
| Investment income | $1,091,098 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,838 |
| Net Income from Fundraising Events | -$15,018 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,826,539 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,015,968 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $320,042 |
| Compensation of current officers, directors, key employees. | $28,356 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,876,923 |
| Pension plan accruals and contributions | $147,452 |
| Other employee benefits | $336,853 |
| Payroll taxes | $374,223 |
| Fees for services: Management | $77,792 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $514,625 |
| Advertising and promotion | $0 |
| Office expenses | $450,090 |
| Information technology | $44,797 |
| Royalties | $0 |
| Occupancy | $77,209 |
| Travel | $1,234 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,203,354 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,094,070 |
| Insurance | $76,493 |
| All other expenses | $0 |
| Total functional expenses | $17,749,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,405,798 |
| Savings and temporary cash investments | $5,975,395 |
| Pledges and grants receivable | $1,444,672 |
| Accounts receivable, net | $10,241,795 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $944,927 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $420,415 |
| Net Land, buildings, and equipment | $37,747,981 |
| Investments—publicly traded securities | $2,038,169 |
| Investments—other securities | $0 |
| Investments—program-related | $4,868,840 |
| Intangible assets | $0 |
| Other assets | $2,745,907 |
| Total assets | $68,833,899 |
| Accounts payable and accrued expenses | $1,555,442 |
| Grants payable | $0 |
| Deferred revenue | $888,896 |
| 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 | $29,274,796 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,419,984 |
| Total liabilities | $33,139,118 |
| Net assets without donor restrictions | $35,418,969 |
| Net assets with donor restrictions | $275,812 |
| 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 | $68,833,899 |