Nonprofit · EIN 93-1059146
PORTLAND COMMUNITY REINVESTMENT INITIATIVES INC
Tax-exempt · PORTLAND, OR 97211
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $7,467,296 | $7,866,925 | -$399,629 | $34,909,813 | $13,180,567 | $21,729,246 |
| December 31, 2023 | 990 | $8,383,093 | $8,124,611 | $258,482 | $36,417,121 | $14,306,838 | $22,110,283 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $823,098
- of which government grants
- $717,475
- Program service revenue
- $5,003,019
- Investment income
- $1,264,066
- Net gain from sales of assets
- $1,142,522
- Other revenue
- $377,113
Expenses
- Grants and similar amounts paid
- $514,168
- Compensation of officers, directors and key employees
- $223,377
- Other salaries and wages
- $1,766,473
- Salaries, compensation and benefits (total)
- $2,590,739
- Professional fundraising fees
- $0
- Occupancy
- $22,053
- Travel
- $6,459
- Depreciation
- $841,797
- Program services (functional)
- $6,182,861
- Management and general (functional)
- $1,622,592
- Fundraising (functional)
- $61,472
Balance sheet and other
- Total assets, start of year
- $36,417,121
- Total assets, end of year
- $34,909,813
- Total liabilities, end of year
- $13,180,567
- Net assets, end of year
- $21,729,246
- Land, buildings and equipment
- $23,518,044
- Net assets without donor restrictions
- $21,419,303
- Net assets with donor restrictions
- $309,943
- Gross receipts
- $7,494,702
- Employees
- 33
- Volunteers
- 0
- Year formed
- 1991
- State of legal domicile
- OR
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KYMBERLY HORNER | EXECUTIVE DIRECTOR Officer | 40 | $223,377 | $15,540 |
| JEREMY JOSTAND | DIRECTOR OF HOUSING DEVELO Highest-paid employee | 40 | $127,516 | $25,526 |
| MARK A HOLMAN | DIRECTOR OF FINANCE Highest-paid employee | 40 | $129,880 | $11,476 |
| MARTIN OLZA | DIRECTOR OF OPERATIONS Highest-paid employee | 40 | $121,540 | $12,455 |
| ANDREA DEBNAM | DIRECTOR OF PROPERTY MANAG Highest-paid employee | 40 | $122,000 | $9,976 |
| DAMIEN HALL | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ERIC HUNTER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JUDY SILKE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DON SHANKLIN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ANDY CORUNGNO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REV DR LEROY HAYNES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MELVIN BROADOUS | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KYMBERLY HORNER | EXECUTIVE DIRECTOR Officer | 40 | $222,109 | $22,887 |
| JEREMY JOSTAND | DIRECTOR OF HOUSING DEVELOPMENT Highest-paid employee | 40 | $123,006 | $24,682 |
| MARTIN OLZA | DIRECTOR OF OPERATIONS Highest-paid employee | 40 | $124,466 | $11,785 |
| ANDREA DEBNAM | DIRECTOR OF PROPERTY MANAGEMENT & RESIDENT SERVICE Highest-paid employee | 40 | $108,529 | $10,967 |
| DAMIEN HALL | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ERIC HUNTER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JUDY SILKE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DON SHANKLIN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ANY CORUNGNO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REV DR LEROY HAYNES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MELVIN BROADOUS | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 6329 NE MARTIN LUTHER KING BLV, PORTLAND, OR 97211-3029
- In care of
- % MAXINE FITZPATRICK
- Principal officer (990 for 2024)
- KYMBERLY HORNER, 6329 NE MARTIN LUTHER KING JR BLVD, PORTLAND, OR 97211
- Signed the 990
- KYMBERLY HORNER, EXECUTIVE DIRECTOR
- Phone
- (503) 288-2923
- Website
- WWW.PCRIHOME.ORG
- Return prepared by
- CERINI & ASSOCIATES LLP
Mission
PRESERVE, EXPAND, AND MANAGE AFFORDABLE HOUSING IN THE CITY OF PORTLAND AND PROVIDE ACCESS TO AND ADVOCACY SERVICES FOR OUR RESIDENTS. CONTINUED ON SCHEDULE O.TO SERVE THE REGION AS AN ADVOCATE FOR LOW-INCOME HOUSING, AS WELL AS LOW-INCOME PROPERTY MANAGER, COMMUNITY DEVELOPER, AND CATALYST FOR USEFUL AND INNOVATIVE COMMUNITY DEVELOPMENT INITIATIVES THAT SUPPORT LOWER INCOME RESIDENTS LIVING PRIMARILY IN NORTHEAST PORTLAND NEIGHBORHOODS.PCRI WILL PRESERVE AND MANAGE AFFORDABLE, HIGH QUALITY, SCATTERED SITE, SINGLE FAMILY HOMES; EXPAND AND MANAGE OUR PORTFOLIO OF SMALL MULTIPLEXES; AND ACQUIRE/DEVELOP MULTI-FAMILY HOUSING TO PRESERVE AFFORDABLE HOUSING CHOICES IN OUR COMMUNITY.
Program accomplishments
- PROPERTY MANAGEMENT - PROPERTY MANAGEMENT REPRESENTS THAT PART OF THE ORGANIZATION RESPONSIBLE FOR MAINTAINING THE INTEGRITY OF THE ORGANIZATION'S PHYSICAL ASSETS AND THE DAY-TO-DAY MANAGEMENT OF RENTAL OPERATIONS. ACTIVITIES INCLUDE THE PROCESSING OF APPLICATIONS FOR HOUSING, LEASING AVAILABLE UNITS, COLLECTION OF RENT, AND MONITORING COURT PROCESSES RELATING TO LEASE VIOLATIONS. PROPERTY MANAGEMENT ALSO OVERSEES THE PHYSICAL MAINTENANCE OF PORTLAND COMMUNITY REINVESTMENT INITIATIVES' ("PCRI") PROPERTIES. THIS INCLUDES REFURBISHMENT OF VACANT UNITS AND EMERGENCY, ROUTINE, AND PREVENTATIVE MAINTENANCE.Expenses $4,624,968 · revenue $5,003,019
- SUPPORTIVE PROGRAMS - PCRI'S SUPPORTIVE PROGRAMS PROVIDE A FULL ARRAY OF CULTURALLY-SPECIFIC SERVICES TO RESIDENTS. OVER THE COURSE OF OUR 20 PLUS-YEAR HISTORY, PCRI HAS ESTABLISHED THOUSANDS OF FAMILIES BY PROVIDING THEM WITH AFFORDABLE RENTAL HOUSING AND ASSET BUILDING PROGRAMS AND SERVICES. HOMEBUYER EDUCATION AND COUNSELING - THIS PROGRAM PROVIDES HOMEBUYER COUNSELING AND EDUCATION TO LOW- TO MODERATE-INCOME, FIRST-TIME HOMEBUYER OUR COMPREHENSIVE PROGRAM INCLUDES INDIVIDUAL COUNSELING, FINANCIAL EDUCATION, PEER HOMEBUYER CLUB MEETINGS, DOWN PAYMENT OR CLOSING COST ASSISTANCE, AND HUD-CERTIFIED HOMEBUYER EDUCATION. SERVICES ARE DELIVERED IN BOTH ONE-ON-ONE AND GROUP SETTINGS.HOMEOWNERSHIP RETENTION - THIS PROGRAM PROVIDES AN ARRAY OF SERVICES TO HELP LOW- TO MODERATE-INCOME HOMEOWNERS AGED 55 AND OVER MAINTAIN OWNERSHIP. SERVICES INCLUDE POST-PURCHASE COUNSELING, LOSS MITIGATION COUNSELING, INFORMATION AND REFERRALS, FINANCIAL EDUCATION, TAX-DEFERMENT ASSISTANCE, AND URGENT HOME REPAIRS. WE ALSO OFFER A WIDE ARRAY OF CLASSES AND WORKSHOP ON TOPICS SUCH AS PREVENTATIVE MAINTENANCE, ELDER FRAUD, AND ESTATE PLANNING.FINANCIAL EDUCATION - THIS PROGRAM IS DESIGNED TO HELP PARTICIPANTS MANAGE THEIR PERSONAL FINANCES EFFECTIVELY AND MAKE WISE FINANCIAL DECISIONS. OUR PROGRAM ASSISTS CLIENTS WITH ESTABLISHING PERSONAL BUDGETS, EVALUATING DEBT LOADS, SETTING FINANCIAL GOALS, AND DEVELOPING A PLAN OF ACTION. SERVICES ARE DELIVERED IN BOTH ONE-ON-ONE AND GROUP SETTINGS.INDIVIDUAL DEVELOPMENT ACCOUNTS (IDA) - IN PARTNERSHIP WITH CASA OF OREGON, PCRI RESIDENTS CAN PARTICIPATE IN A 3-TO-1 MATCHED SAVINGS PROGRAM DESIGNED TO HELP FAMILIES DEVELOP THE HABIT OF SAVING. SAVINGS GOALS CAN BE IN ONE OF FOUR AREAS: HOMEOWNERSHIP, HOME REPAIR, SMALL BUSINESS DEVELOPMENT, OR EDUCATION.CAREER DEVELOPMENT - OUR CAREER DEVELOPMENT PROGRAM PROVIDES ASSISTANCE WITH JOB SEARCHING, RESUME WRITING, AND INTERVIEW PREPARATION. WE OFFER CLASSES AND WORKSHOPS IN ENGLISH LANGUAGE LEARNING, BASIC COMPUTER SKILLS, FINANCIAL EDUCATION, AND SOFT SKILLS FOR THE WORKPLACE. WE ALSO OFFER SOME TRANSPORTATION ASSISTANCE AND CHILDCARE DURING INTERVIEWS. SERVICES ARE DELIVERED IN BOTH ONE-ON-ONE AND GROUP SETTINGS.YOUTH DEVELOPMENT - OUR YOUTH PROGRAM OFFERS EDUCATIONAL AND ARTS ENRICHMENT ACTIVITIES TO K-12 YOUTH. ACTIVITIES INCLUDE AFTER-SCHOOL TUTORING, SUMMER ARTS AND HEALTH CAMPS, COMMUNITY GARDENING AND NUTRITION CLASSES, YOUTH FINANCIAL EDUCATION WORKSHOPS, SUMMER INTERNSHIPS, AND MANY OTHER SUPPLEMENTAL ACTIVITIES FOR YOUTH AND FAMILIES.THE PROGRAMS DEPARTMENT HAS BEEN VERY SUCCESSFUL IN HELPING FULFILL THE PCRI VISION OF PROVIDING AFFORDABLE HOUSING AND ASSOCIATED SERVICES THAT ACHIEVE FAMILY STABILITY, SELF-SUFFICIENCY, AND RESIDENT WEALTH CREATION.Expenses $1,425,003 · grants $514,168
- HOUSING DEVELOPMENT - HOUSING DEVELOPMENT REPRESENTS THE ADMINISTRATION AND MANAGEMENT OF ALL NEW CONSTRUCTION PROJECTS FOR PCRI ACTIVITIES INCLUDING FEASABILITY ANALYSES OF POTENTIAL DEVELOPMENT PROJECTS, PRODUCTION AND ASSEMBLY OF FUNDING APPLICATIONS, SELECTION AND COORDINATION OF DEVELOPMENT TEAM MEMBERS, ADMINISTRATION OF CONSTRUCTION DRAWS, AND THE PROVISION OF DUE DILIGENCE DOCUMENTATION FOR LENDERS AND FUNDERS.Expenses $132,890
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 93-1059146
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Unknown (Z99Z)
- Assets (IRS master file)
- $34,909,813
- Income (IRS master file)
- $7,494,702
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $7,467,296 | $7,866,925 | $34,909,813 | XML |
| 990 | December 2023 | $8,383,093 | $8,124,611 | $36,417,121 | XML |
| 990 | December 2022 | $8,839,541 | $8,552,071 | $37,779,245 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 93-1059146).
Questions about PORTLAND COMMUNITY REINVESTMENT INITIATIVES INC
- What is the EIN of PORTLAND COMMUNITY REINVESTMENT INITIATIVES INC?
- The employer identification number (EIN) of PORTLAND COMMUNITY REINVESTMENT INITIATIVES INC is 93-1059146.
- Is PORTLAND COMMUNITY REINVESTMENT INITIATIVES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to PORTLAND COMMUNITY REINVESTMENT INITIATIVES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PORTLAND COMMUNITY REINVESTMENT INITIATIVES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PORTLAND COMMUNITY REINVESTMENT INITIATIVES INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PORTLAND COMMUNITY REINVESTMENT INITIATIVES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PORTLAND COMMUNITY REINVESTMENT INITIATIVES INC?
- The 990 for the year ended December 31, 2024 names KYMBERLY HORNER.
- Who are the officers and directors of PORTLAND COMMUNITY REINVESTMENT INITIATIVES INC?
- The 990 for the year ended December 31, 2024 lists 12 people; 5 received compensation from the organization, the highest $223,377 (KYMBERLY HORNER, EXECUTIVE DIRECTOR).
- How much revenue does PORTLAND COMMUNITY REINVESTMENT INITIATIVES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $7,467,296, expenses of $7,866,925 and total assets of $34,909,813 at year end.
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