EIN 93-0877440

Innovative Housing Incorporated (IHI)

IRS 501(c) type
501(c)(3)
Num. employees
26
State
Year formed
1984
Most recent tax filings
2023-06-01
Description
Innovative Housing Inc is a 501(c)(3) nonprofit that provides high-quality affordable housing to individuals and families, along with services to help our residents maintain their housing, access opportunities, and break the cycle of poverty.
Also known as...
Innovative Housing
Total revenues
$14,383,837
2023
Total expenses
$9,189,906
2023
Total assets
$77,438,092
2023
Num. employees
26
2023

Program areas at IHI

Property ownership - in addition to managing affordable properties owned by unaffiliated lp/llcs, the organization owns affordable rental units at multiple portland area properties.
Asset management - the organization is the managing general partner or managing member for several limited partnerships (lps)/ limited liability companies (llcs) that own affordable rental units in Oregon and Washington. The organization manages this portfolio to ensure that each property is well-maintained, financially sustainable and makes a positive contribution to its neighborhood. Asset management includes hiring and supervising professional property managers, compliance and reporting, handling audits/tax matters, and structuring/refinancing debt.
Resident services - the organization complements its Housing with resident services designed to help residents maintain their Housing stability, improve their quality of life, and break the cycle of poverty. Resident service staff connect residents with existing community resources and service providers, advocate for residents, sponsor community building activities, coordinate on-site classes and workshops, and offer site-based programs including an eviction prevention program, financial education, an emergency fund, and a comprehensive youth and family program.
Housing development - the organization creates and preserves affordable Housing through new construction and the acquisition/rehabilitation of existing multifamily properties and historic buildings. The organization's rental Housing serves low and very low-income families and individuals, seniors, people with disabilities, formerly homeless people, veterans, and households escaping domestic violence.

Who funds Innovative Housing Incorporated (IHI)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
OCF Joseph E Weston Public FoundationHousing$15,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$5,500
AmazonSmile FoundationGeneral Support$15

Personnel at IHI

NameTitleCompensation
Sarah StevensonExecutive Director$154,583
Darcy VincentBoard Member$0
Joseph HughesPresident / Board Member$0
Larry ByersBoard Member$0
Jan YocomSecretary and Treasurer$0
...and 2 more key personnel

Financials for IHI

RevenuesFYE 06/2023
Total grants, contributions, etc.$625,064
Program services$10,192,203
Investment income and dividends$686,876
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$2,859,674
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$20,020
Total revenues$14,383,837

Form 990s for IHI

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-15990View PDF
2022-062023-05-15990View PDF
2021-062022-05-16990View PDF
2020-062021-05-25990View PDF
2019-062021-06-03990View PDF
...and 9 more Form 990s
Data update history
July 14, 2024
Used new vendors
Identified 2 new vendors, including , and
December 26, 2023
Received grants
Identified 1 new grant, including a grant for $15,000 from OCF Joseph E Weston Public Foundation
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 11, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 1, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Housing and shelter organizationsCharities
Issues
Human servicesHousingHomelessness
Characteristics
LobbyingReceives government fundingTax deductible donationsAccepts online donations
General information
Address
219 NW 2nd Ave
Portland, OR 97209
Metro area
Portland-Vancouver-Hillsboro, OR-WA
County
Multnomah County, OR
Website URL
innovativehousinginc.com/ 
Phone
(503) 226-4368
IRS details
EIN
93-0877440
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1984
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L80: Housing Support Services
NAICS code, primary
62422: Community Housing Services
Parent/child status
Independent
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