Northwest Housing Alternatives Inc
- Assets
- $66.4m
- Revenue
- $18.4m
- Investments
- $0.0
- Employees
- 56
- Location
- Milwaukie, OR
- Founding
- 12/1985
- Data as of
- 12/2021
- 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 12/2021, Northwest Housing Alternatives Inc employed 56 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 12/2021, Northwest Housing Alternatives Inc generated $18.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $17.0m during the year ending 12/2021. While expenses have increased by 11.7% per year over the past 7 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
2021
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 FOUR 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 2021, NHA COMPLETED CONSTRUCTION ON 207 NEW APARTMENT HOMES; COMPLETED CONSTRUCTION ON THE REHABILITATION OF 70 APARTMENTS; AND SECURED FUNDS TO MOVE 1,006 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 SHELTER SERVED 33 FAMILIES IN 2021, AND 74% 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 2021, 42 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 31 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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trell Anderson Executive Dir | Officer | 40 | $149,829 |
Destin Ferdun Dir Housing Dev | 40 | $144,726 | |
Tam Gardner Director Of Fin | Officer | 40 | $142,823 |
Phillip Hackworth Dir Of Asset Mgmt | 40 | $136,941 | |
Kristin Barber Dir Of Philanth | 40 | $112,165 | |
Jake Kirsch President | OfficerTrustee | 8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Carleton Hart Architecture Architectural | 12/30/21 | $1,008,303 |
Lmc Contracting | 12/30/21 | $11,067,479 |
Bremik Constuction Inc Contracting | 12/30/21 | $4,350,768 |
Dao Architecture Architectural | 12/30/21 | $1,060,850 |
Walsh Construction Co Contracting | 12/30/21 | $1,065,801 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $15,398 |
| Membership dues | $0 |
| Fundraising events | $189,730 |
| Related organizations | $0 |
| Government grants | $3,157,949 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,872,825 |
| Noncash contributions included in lines 1a–1f | $35,116 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,235,902 |
| Total Program Service Revenue | $9,585,487 |
| Investment income | $1,213,642 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $296,334 |
| Net Income from Fundraising Events | -$4,735 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,428,543 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,073,837 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $332,463 |
| Compensation of current officers, directors, key employees. | $29,456 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,325,629 |
| Pension plan accruals and contributions | $169,915 |
| Other employee benefits | $450,057 |
| Payroll taxes | $333,249 |
| Fees for services: Management | $13,643 |
| 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 | $387,517 |
| Advertising and promotion | $0 |
| Office expenses | $338,398 |
| Information technology | $47,782 |
| Royalties | $0 |
| Occupancy | $92,164 |
| Travel | $20,974 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,508,175 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,150,527 |
| Insurance | $69,512 |
| All other expenses | $5,293 |
| Total functional expenses | $17,009,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,488,965 |
| Savings and temporary cash investments | $1,523,271 |
| Pledges and grants receivable | $522,502 |
| Accounts receivable, net | $6,525,765 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $896,250 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $337,504 |
| Net Land, buildings, and equipment | $41,238,082 |
| Investments—publicly traded securities | $2,513,674 |
| Investments—other securities | $0 |
| Investments—program-related | $3,590,242 |
| Intangible assets | $0 |
| Other assets | $2,779,027 |
| Total assets | $66,415,282 |
| Accounts payable and accrued expenses | $940,678 |
| Grants payable | $0 |
| Deferred revenue | $432,340 |
| 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 | $30,502,482 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,411,962 |
| Total liabilities | $33,287,462 |
| Net assets without donor restrictions | $32,583,809 |
| Net assets with donor restrictions | $544,011 |
| 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 | $66,415,282 |
Grants Recieved
Over the last fiscal year, we have identified 25 grants that Northwest Housing Alternatives Inc has recieved totaling $857,346.
| Awarding Organization | Amount |
|---|---|
Meyer Memorial Trust Portland, OR PURPOSE: TO SUPPORT THE URGENT RELOCATION OF SENIORS IN AFFORDABLE HOUSING, WITH A FOCUS ON BIPOC RESIDENTS, IN NORTH AND NORTHEAST PORTLAND | $175,000 |
Careoregon Inc Portland, OR PURPOSE: ROSEMONT CT 10-2021 | $152,500 |
Meyer Memorial Trust Portland, OR PURPOSE: FOR PARTICIPATION IN THE HOUSING LEADERS ANTIRACIST COHORT TO INCREASE RACIAL JUSTICE COMMITMENT AND UNDERSTANDING AMONG AFFORDABLE HOUSING ORGANIZATIONS | $105,000 |
Meyer Memorial Trust Portland, OR PURPOSE: FOR GENERAL OPERATING SUPPORT | $100,000 |
Collins Foundation Portland, OR PURPOSE: PROVIDE ONSITE EDUCATIONAL SUPPORTS FOR MIDDLE AND HIGH SCHOOL STUDENTS FROM IMMIGRANT AND REFUGEE FAMILIES RESIDING IN AFFORDABLE HOUSING COMMUNITIES IN MULTNOMAH AND CLACKAMAS COUNTIES | $50,000 |
Providence Health & Services Oregon Renton, WA PURPOSE: SPONSORSHIP | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Episcopal Communities & Services For Seniors Monrovia, CA | $210,406,101 | $54,393,007 |
Area Housing Authority Of County Of Ventura Newbury Park, CA | $51,199,286 | $45,374,355 |
Eah Inc San Rafael, CA | $269,353,281 | $53,747,905 |
Tenderloin Neighborhood Development Corporation San Francisco, CA | $105,200,928 | $42,280,090 |
Eden Housing Inc Hayward, CA | $420,059,670 | $90,990,309 |
Midpen Housing Corporation Foster City, CA | $279,122,902 | $50,937,724 |
Cesar Chavez Foundation Keene, CA | $206,528,631 | $52,041,546 |
Pico-Union Housing Corporation Los Angeles, CA | $136,637,775 | $17,120,613 |
Northwest Housing Alternatives Inc Milwaukie, OR | $66,415,282 | $18,428,543 |
Burbank Housing Development Corporation Santa Rosa, CA | $103,460,619 | $16,261,747 |
Coachella Valley Housing Coalition Indio, CA | $146,778,624 | $17,127,596 |
Community Corporation Of Santa Monica Santa Monica, CA | $197,338,615 | $17,598,823 |