INNOVATIVE HOUSING INC
PORTLAND, OR | Multnomah County
Affordable Housing
Overview
INNOVATIVE HOUSING INC
93-0877440
219 NW 2ND AVE
PORTLAND, OR 97209
Multnomah County
PORTLAND, OR 97209
Multnomah County
Mission Statement
This nonprofit has not reported a mission statement.
CRA Category
- Affordable Housing
Nonprofit location
- Opportunity Zone
Awards & Certifications
- LIHTC Recipient
Founded
Not reported
Total Employees
Not reported
Total Volunteers
Not reported
Nonprofit Classification (NTEE Code)
L21
L - Housing, Shelter
Low-Income & Subsidized Rental Housing
Organizations that develop, rehabilitate, manage and/or provide rental housing that is available to people who qualify on the basis of income, age or disability for publicly subsidized housing e.g., HUD housing or housing assistance under Section 8 of the Housing and Urban Development Act.
IRS Activity Codes
380
Low-income housing
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code)
531110
Pension Funds
CRA Alignment
CRA Category
Affordable Housing
Creation, rehabilitation, operation or preservation of affordable housing.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and
then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications
Community Development Financial Institution
Community Development Financial Institution Award Recipient
New Market Tax Credit Recipient
HUD Counseling Agency
Low Income Housing Tax Credit Recipient
Most Recent LIHTC Project
WOODWIND FKA WOODLAND SQUARE
Amount
$870,000
Project Year
2015
Allocation Year
2014
Total Units
54
Low-Income Units
54
Currently Monitored
Not reported
Construction Type
New Construction
Property Characteristics
- Nonprofit Sponsor
Special Programs & Financing
- None reported
Targeted Population
- Disabled
- Families
IRS Summary
Income
$8.1M
Revenue
$8.1M
Assets
$72.2M
IRS Business Master File Details
As of November 2022 Update
Exempt Ruling Date
1985-12
Deductibility Status
Deductible
Last Tax Filing
2021
Organization Type
Corporation
Organization Tax Filing Status
990 (all other) or 990EZ return
Foundation Tax Filing Status
990-PF not required by IRS
Affiliation Classification
Independent Organization
Basis for Foundation/Public Charity Status
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
IRS Publication 78 Details
As of April 2023
Verified in Publication 78
Yes
Deductibility Limitation
50% (60% for cash contributions)
Organization Description
A public charity
Nonprofit Location
Physical Address
219 NW 2ND AVE
PORTLAND, OR 97209
Multnomah County
PORTLAND, OR 97209
Multnomah County
Area Type
Metropolitan Statistical Area
FIPS Geocoded Address
38900
MSA/MD
41
State
051
County
0051.03
Tract
Middle
Income Level
Core-Based Statistical Area
38900 - Portland-Vancouver-Hillsboro, OR-WA
Combined Statistical Area
440 - Portland-Vancouver-Salem, OR-WA
Metropolitan Division
Not located in an MD.
Located In
Low- or Moderate-Income Census Tract
Opportunity Zone
Majority Minority Census Tract
33.75%
FFIEC Designated Distressed Census Tract
FFIEC Underserved Census Tract
Market Data
Census Tract | County | |
---|---|---|
0051.03 | Multnomah County | |
Population | ||
Total Population | 3,920 | 810,011 |
Total Households | 1,980 | 339,228 |
Income | ||
Median Family Income (Census*) | $95,189 | $76,290 |
Median Family Income (2022 FFIEC est.) | $106,500 | $106,500 |
Tract Income Percentage | 100.48% | N/A |
Below Poverty Level | 30.1% | 12.7% |
Unemployment Level | 11.0% | 5.5% |
Housing | ||
Total Housing Units | 2,190 | 358,675 |
Total Owner-Occupied Units | 14.4% | 54.7% |
Total Renter-Occupied Units | 76.0% | 45.3% |
Total Vacant Units | 9.6% | 5.2% |
* Census tract income based on 2020 Census estimated data; County income based on 2021 American Community Survey data.
Management
6
Total Voting Members
in Governing Body
in Governing Body
6
Independent Voting Members
in Governing Body
in Governing Body
Tax Filing Signatory
Sarah Stevenson
Executive Director
(503) 226-4368
Executive Director
(503) 226-4368
Principal Officer
Sarah Stevenson
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
Organization Activities
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations
"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.
This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.

Invite this nonprofit to claim its profile
Send them a direct email request from you.
close
Email this nonprofit
Update or use the text below to send an email directly to this nonprofit.
close
Request an introduction
Let us introduce you to this nonprofit organization.
close
Submit your feedback
Contact us to ask a question or provide feedback on this nonprofit.
close
Use the spaces below to describe your feedback or question about this specific nonprofit profile including:
- Asking questions about the nonprofit itself
- Gaining clarity on the information in the nonprofit profile
- Reporting issues with data formatting or missing data