INNOVATIVE HOUSING INC

PORTLAND, OR | Multnomah County
Affordable Housing
INNOVATIVE HOUSING INC
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As of , this nonprofit no longer meets findCRA's qualification requirements and will no longer appear in CQ search results.

Reason for disqualification:

Overview

INNOVATIVE HOUSING INC
93-0877440
219 NW 2ND AVE
PORTLAND, OR 97209
Multnomah County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Affordable Housing
Nonprofit location info
  • Opportunity Zone
Awards & Certifications info
  • LIHTC Recipient
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
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 info
380
Low-income housing
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
531110
Pension Funds

CRA Alignment

CRA Category info
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 info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info
Most Recent LIHTC Project info
WOODWIND FKA WOODLAND SQUARE

 
Albany, OR
Amount info
$870,000
Project Year info
2015
Allocation Year info
2014
Total Units info
54
Low-Income Units info
54
Currently Monitored info
Not reported
Construction Type info
New Construction
Property Characteristics info
  • Nonprofit Sponsor
Special Programs & Financing info
  • None reported
Targeted Population info
  • Disabled
  • Families

IRS Summary

Income
$7.5M
Revenue
$7.5M
Assets
$64.1M

IRS Business Master File Details info

As of Oct 2023
Exempt Ruling Date info
1985-12
Deductibility Status info
Deductible
Last Tax Filing info
2022
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
Basis for Foundation/Public Charity Status info
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 info

As of Nov 2023
Verified in Publication 78 info
Yes
Deductibility Limitation info
50% (60% for cash contributions)
Organization Description info
A public charity

IRS Form 990 Returns info

Through August 2023
Tax period ending in
2022-06
E-File
990
XML
990
Tax period ending in
2021-06
E-File
990
XML
990
Tax period ending in
2020-06
PDF
990
E-File
990
XML
990
Tax period ending in
2019-06
PDF
990
Tax period ending in
2018-06
PDF
990
Tax period ending in
2017-06
PDF
990
Tax period ending in
2016-06
E-File
990
XML
990

Nonprofit Location

Physical Address info
219 NW 2ND AVE
PORTLAND, OR 97209
Multnomah County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
38900
MSA/MD info
41
State info
051
County info
0051.03
Tract info
Middle
Income Level info
Core-Based Statistical Area info
38900 - Portland-Vancouver-Hillsboro, OR-WA
Combined Statistical Area info
440 - Portland-Vancouver-Salem, OR-WA
Metropolitan Division info
Not located in an MD.
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 33.75%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

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.
View more than 200 performance context data points for this county now.

Management

5
Total Voting Members
in Governing Body info
5
Independent Voting Members
in Governing Body info
Tax Filing Signatory info
Sarah Stevenson
(503) 226-4368
Principal Officer info
Sarah Stevenson
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents info
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 info
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 info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Information in this section is extracted from the nonprofit's e-filed tax return and based on answers provided by the nonprofit in their 990 e-filed for the tax period ending on 2022-06.

A hyphen (“-“) in this section indicates that the information was not required by the IRS or not reported by the nonprofit in its tax return e-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 help.findcra.com.