2025-04-24T09:41:24-07:00 2024-06-30 931157146 KERN & THOMPSON LLC 1800 SW FIRST AVE STE 410 PORTLAND OR 97201 990 2023-07-01 931116265 Housing Development Center HOUS 5033353668 524 E Burnside St Suite 210 Portland OR 97214 TRACI MANNING Executive Director 2025-04-22 true true Katie L Sheffield CPA P01722795 5032223338 X 2023 2025-03-06 01:10:19Z TRACI MANNING 524 E Burnside St Suite 210 Portland OR 97214 3195918 false X WWW.HOUSINGDEVELOPMENTCENTER.ORG X 1993 OR CENTERING THOSE WHO HAVE BEEN HISTORICALLY OPPRESSED, HOUSING DEVELOPMENT CENTER, INC. COLLABORATES WITH ITS PARTNERS TO ENVISION, DEVELOP, AND SUSTAIN AFFORDABLE HOMES AND COMMUNITY PLACES. 7 7 23 7 0 149116 137732 3130455 3043072 5090 10741 -41973 4373 3242688 3195918 0 0 2738754 2728091 0 0 401243 524441 3139997 3252532 102691 -56614 5315908 5266478 860964 868148 4454944 4398330 X CENTERING THOSE WHO HAVE BEEN HISTORICALLY OPPRESSED, HOUSING DEVELOPMENT CENTER, INC. COLLABORATES WITH ITS PARTNERS TO ENVISION, DEVELOP, AND SUSTAIN AFFORDABLE HOMES AND COMMUNITY PLACES. false false 2071102 3457336 HOUSING AND FACILITIES DEVELOPMENTHDC'S HOUSING AND FACILITIES DEVELOPMENT TEAM WORKS WITH MISSION-DRIVEN ORGANIZATIONS TO FINANCE, BUILD, AND RENOVATE AFFORDABLE HOUSING AND COMMUNITY FACILITIES THAT SERVE PEOPLE WITH LOWER INCOMES. HDC ASSISTS WITH THE DEVELOPMENT OF ALL TYPES OF AFFORDABLE HOUSING, INCLUDING MULTIFAMILY RENTAL, HOMEOWNERSHIP, AND MIXED-USE DEVELOPMENTS. HDC ALSO ASSISTS WITH THE DEVELOPMENT OF HEALTHCARE, CHILDCARE, AND OTHER SERVICE FACILITIES. HDC'S DEVELOPMENT SERVICES SPAN ALL ASPECTS AND PHASES OF PROJECT DEVELOPMENT, FROM PLANNING AND PREDEVELOPMENT THROUGH FINANCIAL STRUCTURING AND CONSTRUCTION MANAGEMENT. HDC PROVIDES EXPERTISE IN ASSESSING AND MEETING COMPLIANCE OBLIGATIONS ASSOCIATED WITH SPECIALIZED AFFORDABLE HOUSING FINANCING PROGRAMS. IN ITS 30-YEAR HISTORY, HDC'S HOUSING & FACILITIES DEVELOPMENT PROGRAM HAS WORKED WITH MISSION-DRIVEN ORGANIZATIONS TO MANAGE OVER 200 DEVELOPMENT PROJECTS IN OREGON AND SOUTHWEST WASHINGTON. THESE PROJECTS HAVE RESULTED IN THE DEVELOPMENT OR PRESERVATION OF MORE THAN 8,000 COMPLETED HOUSING UNITS AND 350,000 COMPLETED SQUARE FEET OF COMMUNITY FACILITY AND COMMERCIAL SPACE. TOGETHER THESE PROJECTS REPRESENT OVER $1 BILLION IN TOTAL DEVELOPMENT COSTS. 554176 556660 ASSET MANAGEMENTHDC'S ASSET MANAGEMENT TEAM GUIDES CLIENTS THROUGH THE CHALLENGES OF OWNING AND MANAGING AFFORDABLE HOUSING AND COMMUNITY FACILITIES OVER THE LONG TERM. HDC PROVIDES TECHNICAL ASSISTANCE AND TRAINING TO NONPROFIT ORGANIZATIONS, HOUSING AUTHORITIES, AND GOVERNMENT ENTITIES. HDC HAS HELPED PROJECT OWNERS ACROSS OREGON TO PRESERVE AND IMPROVE THE VIABILITY OF TENS OF THOUSANDS OF UNITS OF AFFORDABLE HOUSING, AS WELL AS TO IMPLEMENT ONGOING SYSTEMS FOR EFFECTIVE ASSET MANAGEMENT AND OVERSIGHT. HDC'S ASSET MANAGEMENT SERVICES INCLUDE PROPERTY AND PORTFOLIO ASSESSMENTS, PROPERTY AND PORTFOLIO REPOSITIONING, PROPERTY TRANSFERS, YEAR 15 EXITS, CAPITAL NEEDS ASSESSMENTS, RESERVE ANALYSES, SYSTEMS DEVELOPMENT, AND STAFF AND BOARD TRAINING. 40933 30075 HDC COMMUNITY FUND. LLC HDC'S WHOLLY OWNED SUBSIDIARY, HDC COMMUNITY FUND, LLC (HDC COMMUNITY FUND), WAS FORMED IN AUGUST 2009. A CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI), HDC COMMUNITY FUND PROVIDES LOANS TO SUPPORT THE DEVELOPMENT AND PRESERVATION OF AFFORDABLE HOUSING AND COMMUNITY FACILITIES SERVING PEOPLE WITH LOWER INCOMES. HDC COMMUNITY FUND'S FLEXIBLE, LOW-INTEREST LOANS ADDRESS NEEDS THAT CONVENTIONAL LENDING PROGRAMS DON'T. THE LOANS TARGET EARLY PROJECT COSTS, SUCH AS FEASIBILITY ASSESSMENT, LAND ACQUISITION, AND PREDEVELOPMENT, AND THEY BRIDGE SHORT-TERM GAPS IN CONSTRUCTION FINANCING. TOTALING $9.98 MILLION TO DATE, HDC COMMUNITY FUND LOANS HAVE SUPPORTED THE CREATION OR PRESERVATION OF 1,663 UNITS OF AFFORDABLE HOUSING AND 57,085 SQUARE FEET OF SERVICE-FACILITY SPACE. 24936 2691147 true true false false false false false false false false true false false false false false false true false false false false false false false false false false false true false false false false false false false false false false false false true true false false false true 11 0 true 23 true false false false false false false false 0 false false false false false false false X 7 7 false false false false false false false true true false false true true true true true true true true false OR X X X MEREDITH BOWIE 5033353668 524 E BURNSIDE ST SUITE 210 PORTLAND OR 97214 TRACI MANNING Executive Dir. 40.00 0.00 X 172929 0 23783 TRAVIS PHILLIPS DIR OF REAL ESTATE 40.00 0.00 141470 0 14090 KIMBERLY PRATNICKI DIR OF ASSET MGMT 40.00 0.00 123809 0 21327 JULIE PROKSCH DIR OF REAL ESTATE 40.00 0.00 137240 0 7613 GIGI SZABO SR FIN PROJ MGR 40.00 0.00 124940 0 15813 BEN LOFTIS SR FIN PROJ MGR 40.00 0.00 118825 0 6759 SARAH ZAHN CHAIR 5.00 0.00 X X 0 0 0 RAMSAY WEIT VICE CHAIR 2.00 0.00 X X 0 0 0 BRYANT ABARICIA Secretary/Treas 2.00 0.00 X X 0 0 0 SAM DIAZ Director 1.00 0.00 X 0 0 0 MERCEDES ELIZALDE Director 1.00 0.00 X 0 0 0 SAMUEL D GROSZ Director 1.00 0.00 X 0 0 0 BRUCE WHITING Director 1.00 0.00 X 0 0 0 819213 89385 10 false true false 0 137732 137732 DEVELOPER FEES 531390 278092 278092 GOVERNMENT CONTRACTS 531390 225973 225973 LOAN INTEREST INCOME 531390 30075 30075 SERVICE FEES 531390 2508932 2508932 3043072 10741 10741 0 0 0 0 0 0 0 INCREASE IN LOSS RESERVE 900099 -2833 -2833 MISCELLANEOUS 900099 7206 7206 4373 3195918 3047445 10741 0 0 0 0 196916 163272 33644 0 2085828 1729450 356378 81773 67802 13971 191816 159043 32773 171758 142412 29346 0 0 0 0 0 0 280075 253485 26590 16645 14541 2104 4090 2529 1561 0 0 49657 37117 12540 0 0 31119 17226 13893 13442 13442 0 3402 2880 522 34840 19742 15098 DUES SUBSCRIPTIONS 48944 25979 22965 PROJECT EXPENSES 32432 32432 EQUIPMENT MAINTENANCE 9795 9795 0 3252532 2691147 561385 0 448 0 2628924 3834197 301799 179093 1689107 492966 0 0 588109 646824 0 38313 41290 26187 24917 4672 1270 0 0 0 0 64536 70838 5315908 5266478 165290 182845 695674 685303 860964 868148 X 4368001 4370376 86943 27954 4454944 4398330 5315908 5266478 -56614 X false true X true false X 485614 31751 40955 149116 137732 845168 0 0 485614 31751 40955 149116 137732 845168 86396 758772 18855 1620 2555 5090 10741 38861 0 31057 31057 915086 14754839 0.82920 0.88560 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26187 24917 1270 1270 X X false false false false false false false false false TRACI MANNING Executive Dir. 172929 7101 16682 196712 TRAVIS PHILLIPS DIR OF REAL ESTATE 141470 5712 8378 155560 Form 990, Part III, Line 4d OTHER PROGRAM SERVICES 4: HDC COMMUNITY FUND. LLC HDC'S WHOLLY OWNED SUBSIDIARY, HDC COMMUNITY FUND, LLC (HDC COMMUNITY FUND), WAS FORMED IN AUGUST 2009. A CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI), HDC COMMUNITY FUND PROVIDES LOANS TO SUPPORT THE DEVELOPMENT AND PRESERVATION OF AFFORDABLE HOUSING AND COMMUNITY FACILITIES SERVING PEOPLE WITH LOWER INCOMES. HDC COMMUNITY FUND'S FLEXIBLE, LOW-INTEREST LOANS ADDRESS NEEDS THAT CONVENTIONAL LENDING PROGRAMS DON'T. THE LOANS TARGET EARLY PROJECT COSTS, SUCH AS FEASIBILITY ASSESSMENT, LAND ACQUISITION, AND PREDEVELOPMENT, AND THEY BRIDGE SHORT-TERM GAPS IN CONSTRUCTION FINANCING. TOTALING $9.98 MILLION TO DATE, HDC COMMUNITY FUND LOANS HAVE SUPPORTED THE CREATION OR PRESERVATION OF 1,663 UNITS OF AFFORDABLE HOUSING AND 57,085 SQUARE FEET OF SERVICE-FACILITY SPACE. Form 990, Part VI, Section B, Line 11b HDC EXECUTIVE OR FINANCE COMMITTEE REVIEW AND APPROVES THE 990 PRIOR TO ITS SUBMISSION TO THE IRS. A COPY OF THE 990 IS PROVIDED TO ALL BOARD MEMBERS. Form 990, Part VI, Section B, Line 12c HDC HAS A WRITTEN CONFLICT OF INTEREST POLICY, AND EACH BOARD MEMBER COMPLETES A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. BOARD MEMBER CONFLICTS AS THEY RELATE TO BOARD ACTIONS ARE RECORDED IN MEETING MINUTES Form 990, Part VI, Section B, Line 15a HDC EXECTUTIVE COMMITTEE REVIEW AND SETS THE EXECUTIVE DIRECTOR'S COMPENSATION. NO PERSONS WITH A CONFLICT OF INTERST ARE INVOLVED. THE COMMITTEE INCORPORATES COMPARABLE COMPENSATION FOR THE CORRESPONDING POSITION AT SIMILAR ORGANIZATIONS IN THE AREA INTO ITS DECISION MAKING PROCESS. Form 990, Part VI, Section B, Line 15b STAFF SALARIES ARE SET AS PART OF THE ANNUAL BUDGET PROCESS, WHICH IS THE RESPONSIBILITY OF THE FINANCE COMMITTEE. THE COMMITTEE INCORPORATES COMPARABLE COMPENSATION FOR CORREPONDING POSITIONS AT SIMILAR ORGANIZATION IN THE AREA INTO ITS DECISION MAKING PROCESS. Form 990, Part VI, Section C, Line 19 HDC MAKES THE ORGANIZATIION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AT ITS OFFICES UPON REQUEST. HCD COMMUNITY FUND 524 E BURNSIDE STREET SUITE 210 PORTLAND OR 97214 270845066 SEE PSA 3 OR 31464 2254869 HDC NUEVA ESPERANZA LIMITED PARTNERSHIP 448 S FIRST AVE 100 HILLSBORO OR 97123 873090742 RENTALS OR NA RELATED 6505 3453094 false false 0.50000 false false false false false false false false false false false false false false false false false false false