Portland Community Reinvestment Initiatives Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 931059146 ✦ Portland, OR ✦ Designated as a 501(c)(3)

Overview

What is Portland Community Reinvestment Initiatives Inc?

Portland Community Reinvestment Initiatives Inc (PCRI) is a nonprofit organization based in Portland, Oregon, specifically at 6329 NE Martin Luther King Jr BL, 97211. Their primary mission revolves around advocating for affordable housing and managing low-income properties in the Northeast Portland neighborhoods. PCRI's activities encompass maintaining the physical integrity of their properties, handling rental operations, processing housing applications, leasing units, collecting rent, and managing court procedures related to lease violations. Moreover, they oversee the maintenance of their properties, including refurbishing vacant units and conducting emergency, routine, and preventative maintenance. Beyond property management, they aim to foster community development initiatives, supporting lower-income residents, and preserving affordable housing options in the city of Portland. With a workforce of 48 employees, PCRI is dedicated to making a positive impact in the community.


Official website here: www.pcrihome.org

Is Portland Community Reinvestment Initiatives Inc legitimate?

Portland Community Reinvestment Initiatives Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Portland Community Reinvestment Initiatives Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $226,089
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,388,417

For more financial information, click here


Official website here: www.pcrihome.org

What is the mission statement of Portland Community Reinvestment Initiatives Inc?

Portland Community Reinvestment Initiatives Inc serves as an advocate for low-income housing and manages low-income properties. Its primary focus is on supporting lower-income residents, predominantly in northeast Portland neighborhoods. The organization's mission is threefold: preserving, expanding, and managing affordable housing in the city; providing access to and advocacy services for its residents; and acquiring, developing, or managing multi-family housing to maintain affordable housing choices within the community. In summary, Portland Community Reinvestment Initiatives Inc strives to promote and maintain affordable housing while advocating for and serving its low-income resident base.


Official website here: www.pcrihome.org

Who is the CEO of Portland Community Reinvestment Initiatives Inc?

Kymberly Horner is the Chair of Portland Community Reinvestment Initiatives Inc.


Official website here: www.pcrihome.org

What is the revenue of Portland Community Reinvestment Initiatives Inc?

Portland Community Reinvestment Initiatives Inc's revenue in 2022 was $8,839,541.


Official website here: www.pcrihome.org

Who are the executives of Portland Community Reinvestment Initiatives Inc and what are their salaries?

The average compensation at Portland Community Reinvestment Initiatives Inc during 2022 was $54,469. There are 48 employees and 7 volunteers at Portland Community Reinvestment Initiatives Inc.

Here are 8 key members and their salaries:

    Kymberly Horner (Executive Director)
  • Compensation: $211,495
  • Related: $0
  • Other: $14,594

    • Eric Hunter (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andy Cotugno (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Damien Hall (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Linda Harris (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rev Dr Leroy Haynes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Don Shanklin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kathy Swift (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.pcrihome.org

    Where can I find the form 990 for Portland Community Reinvestment Initiatives Inc?

    The Portland Community Reinvestment Initiatives Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.pcrihome.org

    Learn more at the official website: www.pcrihome.org

    Mission Statement of Portland Community Reinvestment Initiatives Inc

    Portland Community Reinvestment Initiatives Inc serves as an advocate for low-income housing in the region. In addition to its advocacy role, the organization also functions as a low-income property manager, community developer, and catalyst for innovative community development initiatives that support lower-income residents primarily living in Northeast Portland neighborhoods.

    The primary mission of Portland Community Reinvestment Initiatives Inc is to preserve, expand, and manage affordable housing in the city of Portland. This entails preserving and managing high-quality, scattered-site, single-family homes, expanding and managing a portfolio of small multiplexes, and acquiring or developing multi-family housing to maintain affordable housing choices within the community. By doing so, the organization aims to provide access to and advocacy services for its residents, thereby contributing significantly to the well-being of the low-income community.

    Impact

    This information is meant to be a general summary of Portland Community Reinvestment Initiatives Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Portland Community Reinvestment Initiatives Inc's impact includes serving as an advocate for low-income housing, functioning as a low-income property manager, engaging in community development, and catalyzing innovative initiatives that support lower-income residents primarily in Northeast Portland neighborhoods. Their property management activities involve maintaining the integrity of physical assets, managing rental operations, processing housing applications, leasing units, collecting rent, and overseeing property maintenance. The organization's mission is to preserve, expand, and manage affordable housing in Portland, providing access to advocacy services for residents. They aim to preserve affordable, high-quality single-family homes, manage small multiplexes, and acquire/develop multifamily housing to offer affordable housing options in the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $815,027
  • Program Service Revenue: $5,505,628
  • Gross Receipts: $8,883,198

    • Assets and Liabilities:
  • Total Assets: $37,779,245
  • Total Liabilities: $15,999,193
  • Net Assets: $21,780,052
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTAL REVENUE

    Revenue

    $5,195,641

    PROPERTY MGMT FEES

    Revenue

    $280,959

    DAMAGE/REPAIR FEES

    Revenue

    $27,505

    SCREENING FEES

    Revenue

    $1,523

    Organization Details

    Founding Year

    1991

    Principal Officer

    Kymberly Horner

    Main Address

    6329 NE MARTIN LUTHER KING JR BL, PORTLAND, OR, 97211

    NTEE Category

    Code: Z99Z - Unknown

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