Program areas at Network for Oregon Affordable Housing
'permanent loan program:noah provides financing and technical assistance to facilitate the development of Affordable Housing in the state of Oregon. During fiscal year 2022/2023, fourteen (14) permanent loans were closed.the total dollar value of these loans was $39.6mm and created or preserved 660 units of Housing. In addition, activity for the year included twelve (12) commitments totaling $17.5mm and 569 units and twelve (11) loans in process with a value of $33mm.
Mpower oregon:noah is sole member of mpower Oregon llc. Mpower offers an integrated solution for lowering energy and water expenses at existing Affordable multifamily properties through loans and grants. Mpower delivers immediate savings to owners and occupants through project management of building upgrades and ongoing technical support services.
Preservation loan program:these loans target the acquisition and preservation of (1) federally rent-subsidized units that are at risk of conversion to market rates, (2) properties for conversion to Affordable, (3) manufactured home parks, and (4) land in desireable locations to preserve for development of Affordable Housing. During fiscal year 2022/2023, there were no new loans made under this loan program. In addition, activity for the year included work on loans in process of $2.3mm. To be continued on schedule opredevelopment loan program:these loans provide capital for both land acquisition and predevelopment activites. During fiscal year 2022/2023, no new loans were closed under this program and there were no loans in process. Other/gap loans: these loans provide noah flexible capital for loans not appropriate for bank-source funding. Two (2) other/gap loans were closed during fiscal year 2022/2023 with a total value of $2mm.
Grants made by Network for Oregon Affordable Housing
Who funds Network for Oregon Affordable Housing
Grants from foundations and other nonprofits
| Grantmaker | Grantmaker tax period | Description | Amount |
|---|
| Meyer Memorial Trust (MMT) | 2023-03 | To Support Ongoing Affordable Housing Preservation Efforts and Administration of the Oregon Housing Acquisition Fund | $92,500 |
Personnel at Network for Oregon Affordable Housing
| Name | Title | Compensation | Date of data |
|---|
| William A van Vliet | Executive Director | $257,313 | 2024-02-26 |
| Cyndi Barber | Director of Finance and Administration | | 2023-12-15 |
| Robert Prasch | Preservation Director | $122,959 | 2023-06-30 |
| Rachel Bidou | Senior Relationship Manage | $151,273 | 2023-06-30 |
| Elizabeth Boylston | Senior Loan Closing and Co | $126,571 | 2023-06-30 |
| ...and 8 more key personnel |
Financials for Network for Oregon Affordable Housing
| Revenues | FYE 06/2023 | FYE 06/2022 | % Change |
|---|
| Total grants, contributions, etc. | $945,527 | $2,002,883 | -52.8% |
| Program services | $6,967,951 | $6,085,095 | 14.5% |
| Investment income and dividends | $115,770 | $12,489 | 827% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $40,884 | $447,781 | -90.9% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $8,070,132 | $8,548,248 | -5.6% |
Organizations like Network for Oregon Affordable Housing
| Organization | Type | Location | Revenue |
|---|
| Bluehub Capital | 501(c)(3) | Boston, MA | $3,014,300 |
| Roc USA LLC | 501(c)(3) | Concord, NH | $21,389,105 |
| CHN Housing Capital | 501(c)(3) | Cleveland, OH | $3,226,657 |
| Mazaska Owecaso Otipi Financial | 501(c)(3) | Pine Ridge, SD | $2,359,572 |
| Wisconsin Native Loan Fund (WINLF) | 501(c)(3) | Lac Du Flambeau, WI | $2,400,832 |
| Century Housing Corporation | 501(c)(3) | Culver City, CA | $37,466,757 |
| Enterprise Community Loan Fund (ECLF) | 501(c)(3) | Columbia, MD | $36,120,781 |
| Federation of Appalachian Housing Enterprises | 501(c)(3) | Berea, KY | $24,889,054 |
| Avenue | 501(c)(3) | Houston, TX | $13,725,798 |
| Acts Community Development Corporation | 501(c)(3) | Milwaukee, WI | $7,691,551 |
Data update history
May 25, 2024
Posted financials
Added Form 990 for fiscal year 2023
June 19, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 16, 2023
Updated personnel
Identified 3 new personnel
Nonprofit Types
Housing and shelter organizationsCharities
Issues
Human servicesCommunity improvementHousing
Characteristics
LobbyingState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
- Address
- 1750 S Harbor Way 245
- Portland, OR 97201
- Metro area
- Portland-Vancouver-Hillsboro, OR-WA
- County
- Multnomah County, OR
- Website URL
- noah-housing.org/Â
- Phone
- (503) 223-3211
IRS details
- EIN
- 93-1037330
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 1990
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- L80: Housing Support Services
- NAICS code, primary
- 522120: Savings Institutions
- Parent/child status
- Independent
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