EIN 93-1059146

Portland Community Reinvestment Initiatives (PCRI)

IRS 501(c) type
501(c)(3)
Num. employees
48
State
Year formed
1991
Most recent tax filings
2022-12-01
Description
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.
Total revenues
$8,839,541
2022
Total expenses
$8,552,071
2022
Total assets
$37,779,245
2022
Num. employees
48
2022

Program areas at PCRI

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.
Housing development - housing development represents the administration and management of all new construction projects for pcri. Activities include feasibility 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.
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 stabilized 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 homebuyers. 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 homeownership. 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.

Who funds Portland Community Reinvestment Initiatives (PCRI)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Collins FoundationConstruct An Affordable Housing Rental Complex for Black Seniors at Risk of Facing Or Experiencing Homelessness in Multnomah County$160,000
Meyer Memorial Trust (MMT)For Flexible Support of Community-Based Housing, Self-Sufficiency and Wealth Creation in North/northeast Portland$100,000
Meyer Memorial Trust (MMT)To Build Real Estate Capacity and Train Staff of Culturally-Specific Affordable Housing Nonprofits So They Can Create Sustainable Strategies for Communal Growth and Health$50,000
...and 5 more grants received

Personnel at PCRI

NameTitleCompensation
Kymberly R. HornerExecutive Director$211,495
Martin OlzaDirector of Operations
Mark HolmanDirector of Finance
Paul WhiteDirector of Maintenance, Security and Asset
Andrea DebnamDirector of Property Management and Resident Services
...and 13 more key personnel

Financials for PCRI

RevenuesFYE 12/2022
Total grants, contributions, etc.$2,233,202
Program services$5,505,628
Investment income and dividends$124,961
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$690,066
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$285,684
Total revenues$8,839,541

Form 990s for PCRI

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990View PDF
2021-122022-11-10990View PDF
2020-122021-11-11990View PDF
2019-122021-04-02990View PDF
2018-122020-06-04990View PDF
...and 9 more Form 990s
Data update history
October 1, 2024
Updated personnel
Identified 1 new personnel
May 18, 2024
Received grants
Identified 3 new grant, including a grant for $100,000 from Meyer Memorial Trust (MMT)
March 25, 2024
Used new vendors
Identified 1 new vendor, including
January 15, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 1, 2024
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Social advocacy organizationsBusiness and community development organizationsCharities
Issues
Human servicesCommunity improvementHousingEconomic development
Characteristics
State / local levelReceives government fundingGala fundraisersTax deductible donationsAccepts online donations
General information
Address
6329 Ne Martin Luther King JR BL
Portland, OR 97211
Metro area
Portland-Vancouver-Hillsboro, OR-WA
County
Multnomah County, OR
Website URL
pcrihome.org/ 
Phone
(503) 288-2923
Facebook page
PCRIhome 
Twitter profile
@pcrihome 
IRS details
EIN
93-1059146
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1991
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Independent
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