Bienestar Inc
- Assets
- $43.8m
- Revenue
- $12.9m
- Investments
- $0.0
- Employees
- 28
- Location
- Hillsboro, OR
- Founding
- 04/1995
- Data as of
- 12/2022
- EIN
- 93-0860753
Organization Overview
Bienestar Inc is located in Hillsboro, OR. The organization was established in 1995. 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, Bienestar Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bienestar 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, Bienestar Inc generated $12.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.5% each year . All expenses for the organization totaled $7.6m during the year ending 12/2022. While expenses have increased by 14.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BUILDS AND OPERATES MULTI-FAMILY HOUSING PROJECTS INTENDED TO PROVIDE SAFE, AFFORDABLE HOUSING AND RESIDENT SERVICES PROGRAMS FOR LOW-WAGE WORKING FAMILIES AND SENIORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SEASONAL AND YEAR ROUND HOUSING TO LOW WAGE WORKING FAMILIES AND SENIORS. PROVIDE DEVLOPMENT AND CONSTRUCTION OVERSIGHT AND MANAGEMENT SERVICES FOR NEW PROJECTS THAT WILL PROVIDE ADDITIONAL HOUSING.
PROVIDE ASSET MANAGEMENT SERVICES TO ENSURE FISCAL AND PHYSICAL COMPLIANCE AND HIGH QUALITY OF LIFE FOR ITS RESIDENTS.
PROVIDE HOUSING DEVELOPMENT SERVICES FOR LOW INCOME HOUSING.
PROVIDE EDUCATIONAL AND WORKFORCE SUPPORT PROGRAMS BY PARTNERING WITH A VARIETY OF COMMUNITY SERVICE PROVIDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victor Saldanha President | OfficerTrustee | 2 | $0 |
Alejandro Ortega Vice President | OfficerTrustee | 2 | $0 |
Mary Vasquez Secretary | OfficerTrustee | 2 | $0 |
Keith Hobson Treasurer | OfficerTrustee | 2 | $0 |
Olivia Alcaire Board Member | Trustee | 1 | $0 |
Brianda Alcazar Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $55,597 |
| Related organizations | $0 |
| Government grants | $4,853,980 |
| All other contributions, gifts, grants, and similar amounts not included above | $714,521 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,624,098 |
| Total Program Service Revenue | $6,931,561 |
| Investment income | $110,068 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,931,239 |
| 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. | $122,004 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,940,471 |
| Pension plan accruals and contributions | $473 |
| Other employee benefits | $190,526 |
| Payroll taxes | $190,042 |
| Fees for services: Management | $355,900 |
| Fees for services: Legal | $107,746 |
| Fees for services: Accounting | $107,018 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,516 |
| Advertising and promotion | $7,992 |
| Office expenses | $422,492 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,029,693 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,482,547 |
| Insurance | $9,506 |
| All other expenses | $21,975 |
| Total functional expenses | $7,587,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,802,441 |
| Savings and temporary cash investments | $2,054,842 |
| Pledges and grants receivable | $292,722 |
| Accounts receivable, net | $200,079 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,936,535 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $56,614 |
| Net Land, buildings, and equipment | $23,068,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $69,234 |
| Other assets | $7,306,678 |
| Total assets | $43,787,145 |
| Accounts payable and accrued expenses | $341,387 |
| 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 | $11,264,777 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,673,305 |
| Total liabilities | $13,279,469 |
| Net assets without donor restrictions | $30,043,800 |
| Net assets with donor restrictions | $463,876 |
| 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 | $43,787,145 |