2023-08-28T12:46:40-07:00 2022-12-31 931157146 Kern & Thompson LLC 1800 SW First Avenue Suite 410 Portland OR 97201 990 2022-01-01 931290320 Proud Ground PROU 5034930293 5288 N Interstate Portland OR 97217 DOMINIQUE MERRIWEATHER EXEC. DIRECTOR 2023-08-28 true DOMINIQUE MERRIWEATHER 999009999 true Eric A Zehntbauer CPA P01294391 5032223338 X 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z DOMINIQUE MERRIWEATHER 6473930 false X www.proudground.org X 1999 OR PROVIDE PERMANENTLY AFFORDABLE HOME OWNERSHIP OPPORTUNITIES USING THE LAND TRUST MODEL, UNDER WHICH PROUD GROUND ADMINISTERS SUBSIDY FUNDS TO BUY DOWN THE PURCHASE PRICE OF HOMES. RESALE PROVISIONS ENSURE HOMES' PERMANENT AFFORDABILITY. 15 15 15 25 0 5703915 5974837 712375 494164 402 2028 781 2901 6417473 6473930 15000 15000 0 687899 739389 0 126516 356212 517703 1059111 1272092 5358362 5201838 36459662 41531963 2574496 2444959 33885166 39087004 PROVIDE PERMANENTLY AFFORDABLE HOME OWNERSHIP OPPORTUNITIES USING THE LAND TRUST MODEL, UNDER WHICH PROUD GROUND ADMINISTERS SUBSIDY FUNDS TO BUY DOWN THE PURCHASE PRICE OF HOMES. RESALE PROVISIONS ENSURE HOMES' PERMANENT AFFORDABILITY. false false 852866 15000 243528 HOMEBUYER, HOMEOWNER AND OUTREACH SERVICESCOMMUNITY OUTREACH DELIBERATE RESEARCH AND DIALOGUE RESULTED IN AN OUTREACH STRATEGY THAT HAS INCREASED THE ORGANIZATIONS SERVICE TO COMMUNITIES OF COLOR AND STRENGTHENED ITS ABILITY TO UNDERSTAND AND BREAK DOWN BARRIERS FOR THESE HOUSEHOLDS. THE ORGANIZATION USES A COMBINATION OF GRASS ROOTS ACTIVITIES, PARTNERSHIPS, AND OUTREACH STRATEGIES TO REACH UNDERSERVED COMMUNITIES WITH INFORMATION ABOUT THE ORGANIZATIONS HOMEOWNERSHIP PROGRAM AND HOME BUYING OPPORTUNITIES. ALL OUTREACH ACTIVITIES INCORPORATE CULTURALLY-RESPONSIVE MATERIALS AND METHODS, WITH TRANSLATION AND INTERPRETERS PROVIDED TO NON-ENGLISH SPEAKERS.HOME BUYER EDUCATION AND COUNSELING A KEY COMPONENT OF THE ORGANIZATIONS PROGRAMS AND SERVICES IS ITS HUD-APPROVED, EDUCATION AND COUNSELING PROVIDED TO PROSPECTIVE AND ACTIVE HOME BUYERS. HUD AND NEIGHBORWORKS CERTIFIED COUNSELORS ASSIST HOUSEHOLDS WORKING TOWARDS MORTGAGE READINESS THROUGH INDIVIDUAL COACHING AND REFERRAL TOPICS THAT INCLUDE DEBT REDUCTION; IMPROVING CREDIT SCORES; BUDGETING; AND CREATING A SAVINGS PLAN. EDUCATIONAL OPPORTUNITIES ARE ALSO PROVIDED IN BI-MONTHLY NEWSLETTERS AND WORKSHOPS.HOMEBUYER CRITERIA ALL OF THE ORGANIZATIONS HOMEBUYERS ARE REQUIRED TO ATTEND:(1) THE ORGANIZATIONS FREE HOMEOWNERSHIP ORIENTATION CLASS;(2) HOMEBUYING 101 CLASS, AN 8-HOUR EDUCATION CLASS PROVIDED BY A SEPARATE, APPROVED ORGANIZATION.THESE EDUCATION REQUIREMENTS ARE IN ADDITION TO THE REQUIREMENTS THAT HOMEBUYERS MEET INCOME AND OTHER FUNDER-REQUIRED CRITERIA (E.G., FIRST-TIME HOMEBUYER STATUS). POST-PURCHASE, HOMEOWNER SUPPORT TO PROMOTE HOMEOWNER STABILITY AND SUCCESS, THE ORGANIZATIONS HOMEOWNERS HAVE ACCESS TO A VARIETY OF RESOURCES. POST-SUPPORT SERVICES INCLUDE THE OFFER OF HOME INSPECTIONS BY PROJECT MANAGEMENT STAFF, TOWARD HOME MAINTENANCE RECOMMENDATIONS; IDA MATCHING GRANTS FOR APPROVED HOME REPAIR AND MAINTENANCE PROJECTS AND FOR ENERGY EFFICIENCY UPGRADES; HOMEOWNER NEWSLETTERS, SURVEYS, AND WORKSHOPS THROUGHOUT THE YEAR; ASSISTANCE WITH HOME LOAN REFINANCING AND OTHER LENDER-RELATION ISSUES.MEMBERSHIP THE ORGANIZATION IS A MEMBERSHIP ORGANIZATION. MEMBERSHIP IS OPEN TO ANYONE WHO LIVES OR WORKS IN PROUD GROUNDS SERVICE AREA AND DONATES AT LEAST $25 A YEAR; ALL THE ORGANIZATIONS HOMEOWNERS ARE AUTOMATICALLY MEMBERS. THE ORGANIZATION ISSUES REGULAR NEWSLETTERS AND ONE ANNUAL REPORT TO ALL MEMBERS, STAKEHOLDERS, DONORS, AND FUNDERS. THE ORGANIZATION ALSO HOLDS AN ANNUAL MEETING AT WHICH MEMBERS AND OTHERS IN ATTENDANCE RECEIVE AN ORGANIZATIONAL UPDATE AND ELECT THE BOARD OF DIRECTORS, UNLESS THE ELECTION IS CONDUCTED BY MAIL.RESALE OF HOMES THE ORGANIZATION FACILITATES THE RESALE OF HOMES ON LAND HELD IN TRUST TO NEW ELIGIBLE HOMEOWNERS. FROM 1999 TO 2022, THERE HAVE BEEN ONE HUNDRED EIGHT (108) SUCH SALES. 242358 250636 ACQUISITION AND PROJECT DEVELOPMENTNEW CONSTRUCTION THE ORGANIZATION HAS PARTNERED WITH PRIVATE AND NONPROFIT DEVELOPERS TO DESIGN, FINANCE, AND CONSTRUCT HOMES TO SELL TO INCOME-QUALIFIED BUYERS. THE ORGANIZATION EITHER OWNS THE LAND OR WILL RECEIVE THE TITLE TO THE LAND WHEN THE IMPROVEMENTS ARE SOLD TO A NEW HOMEOWNER. IN 2010, CONDOMINIUMS FIRST ENTERED THE ORGANIZATIONS PORTFOLIO. WITH CONDOMINIUMS, THE ORGANIZATION HOLDS A DEED COVENANT. FROM 1999 THROUGH THE END OF 2022, PROUD GROUND AND ITS PARTNERS BUILT 40 SINGLE-FAMILY RESIDENCES AND 137 RESIDENCES IN MULTI-FAMILY SETTINGS THAT ARE NOW OCCUPIED BY HOMEOWNERS.PROUD GROUND MAY CONSIDER THE ROLE OF LEAD DEVELOPER IN NEW CONSTRUCTION PROJECTS DUE TO OPPORTUNITIES TO BUILD MORE INVENTORY TO MEET THE STRATEGIC GOALS OF THE ORGANIZATION. EACH OPPORTUNITY FOR PROUD GROUND TO SERVE AS LEAD DEVELOPER IN NEW CONSTRUCTION PROJECTS WILL BE THOROUGHLY EXAMINED BY BOARD AND STAFF TO DETERMINE PROJECT FEASIBILITY.BUYER-INITIATED GRANTS OFTEN FUNDS ARE PROVIDED FROM EXTERNAL SOURCE/SOURCES TO OFFER HOME BUYERS GRANTS WITH WHICH TO PURCHASE HOMES ON THE OPEN MARKET; THE AMOUNT OF THE GRANT BUYS DOWN THE PURCHASE PRICE OF THE HOME, MAKING IT AFFORDABLE TO LOW- AND MODERATE-INCOME FIRST-TIME HOMEBUYERS. OFTEN THE GRANTS COME WITH GEOGRAPHIC RESTRICTIONS AND/OR REQUIRE THAT A PORTION OF THE GRANT BE USED TOWARD NECESSARY REPAIRS AND/OR ENERGY EFFICIENCY UPGRADES. ALL HOMES PURCHASED WITH SUCH GRANTS BECOME PART OF THE ORGANIZATIONS PORTFOLIO OF PERMANENTLY AFFORDABLE HOMES, WITH PROUD GROUND RECEIVING TITLE TO THE LAND. FROM 1999 TO DECEMBER 31, 2022, 194 BUYER-INITIATED GRANTS HAVE BEEN ADMINISTERED.ACQUISITION REHAB OFTEN FUNDS ARE PROVIDED TO THE LLC TO PURCHASE AND RENOVATE DISTRESSED HOMES. AFTER FULL RENOVATION, THE HOMES ARE OFFERED FOR SALE TO INCOME-QUALIFIED BUYERS. SINCE 1999, FIFTY SEVEN (57) HOMES HAVE BEEN ACQUIRED, RENOVATED AND SOLD THROUGH THIS PROGRAM.OTHER OCCASIONALLY EQUITY IN A HOUSE OR CONDOMINIUM IS DONATED TO THE ORGANIZATION WHEN SOLD TO A QUALIFIED HOMEBUYER. BETWEEN 1999 AND DECEMBER 31, 2022, EIGHT (8) HOMES ENTERED PROUD GROUNDS PORTFOLIO THIS WAY. 1095224 true true false true false false false false false false true false false false true false false true false false false false false false false false false false true false false false false false false false false false true false false false true false false false false true 18 0 true 15 true false false false false false false false 0 false false false false false false false X 15 15 false false false false true true true true true false false true true true true true true true false false OR X X DIANNE TOPP 5034930293 5288 N INTERSTATE PORTLAND OR 97217 DIANE LINN Executive Dir. 40.00 0.00 X 109494 0 12819 CLAIRE HALL VICE-CHAIR 1.00 0.00 X X 0 0 0 VICTOR CAESAR VICE-CHAIR 1.00 0.00 X X 0 0 0 ADAM BOESEL Treasurer 1.00 0.00 X X 0 0 0 DEBORAH STEIN Secretary 1.00 0.00 X X 0 0 0 CHRISTIN CARTER Director 1.00 0.00 X 0 0 0 PEDRO CRUZ Director 1.00 0.00 X 0 0 0 SHARON WADE ELLIS Director 1.00 0.00 X 0 0 0 MARCIA GONZALES Director 1.00 0.00 X 0 0 0 MATINA KAUFFMAN Director 1.00 0.00 X 0 0 0 CARLENE LODESKI Director 1.00 0.00 X 0 0 0 GARRETT STEPHENSON Director 1.00 0.00 X 0 0 0 SYMONE SPARROW Director 1.00 0.00 X 0 0 0 WENDA TAI Director 1.00 0.00 X 0 0 0 STACEY TRIPLETT Director 1.00 0.00 X 0 0 0 NAZDAR ZADA Director 1.00 0.00 X 0 0 0 109494 12819 1 false false false 0 4130507 1844330 2051000 5974837 DEVELOPER FEES 230000 250636 250636 LEASE FEES 531110 242728 242728 TECHNICAL ASSISTANCE 541200 800 800 494164 2028 2028 0 0 0 0 0 0 0 MISCELLANEOUS REVENUE 900099 2901 2901 2901 6473930 497065 2028 X 0 15000 15000 0 0 122313 107998 6317 7998 0 499993 441476 25820 32697 13307 11750 687 870 54484 48107 2814 3563 49292 43523 2546 3223 0 0 0 0 0 0 257495 187121 5743 64631 14092 13732 360 3298 2719 355 224 0 0 48427 42056 3097 3274 0 0 56217 48627 1124 6466 12000 12000 0 603 523 35 45 22021 20742 559 720 ACQUISITION & SALES EXPENSES 85616 85616 Printing and Publications 8055 5123 271 2661 MISCELLANEOUS EXPENSES 6850 6660 150 40 Postage and Shipping 1403 1218 81 104 1626 1233 393 1272092 1095224 50352 126516 1565940 620682 34766 1642631 440837 764664 40504 83067 0 0 0 0 9470 19902 38298851 79151 34368145 38219700 0 0 0 39746 141571 36459662 41531963 47969 67684 73095 13590 1688874 1523874 400000 400000 364558 439811 2574496 2444959 X 1090515 1811038 32794651 37275966 33885166 39087004 36459662 41531963 5201838 X false true X true true true X 1307760 3266467 6461011 5703915 5974837 22713990 0 0 1307760 3266467 6461011 5703915 5974837 22713990 161008 22552982 456 1212 1494 402 2028 5592 0 0 22719582 2478357 0.99270 0.99970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false 1272092 1272092 202209 50552 false 174168 272174 180911 202209 829462 1244193 43542 68044 45228 50552 207366 311049 38216741 38216741 53415 50456 2959 28695 28695 38219700 FUNDS HELD FOR OTHERS 399509 LEASE LIABILITY 40302 439811 6473930 6473930 6473930 1272092 1272092 1272092 true 0 0 DOWNPAYMENT GRANT 1 15000 X 14 2051000 FMV false false false Form 990, Part VI, Section A, Line 6 PROUD GROUND HOMEOWNERS ARE MEMBERS OF THE ORGANIZATION. FURTHERMORE, ALL DONORS OF $25 OR MORE PER ANNUM WHO LIVE OR WORK IN THE GREATER PORTLAND AREA ARE MEMBERS. MEMBERS ELECT THE BOARD OF DIRECTORS. MEMBERS MUST VOTE ON ANY CHANGES TO THE ARTICLES OF INCORPORATION, BY-LAWS, OR RESALE FORMULA; DISPOSAL OF ANY PROPERTY IN THE PORTFOLIO, OR DISSOLUTION OF THE ORGANIZATION. Form 990, Part VI, Section A, Line 7a THE BOARD OF DIRECTORS ELECTS NEW MEMBERS TO THE BOARD. Form 990, Part VI, Section A, Line 7b MEMBERS MUST VOTE ON ANY CHANGES TO THE ARTICLES OF INCORPORATION, BY-LAWS, OR RESALE FORMULA; DISPOSAL OF ANY PROPERTY IN THE PORTFOLIO, OR DISSOLUTION OF THE ORGANIZATION. Form 990, Part VI, Section B, Line 11b THE FORM 990 IS REVIEWED BY THE FISCAL DIRECTOR AND THE TREASURER AND DISCUSSED EITHER VIA PHONE OR EMAIL, THEN REVIEWED BY THE BOARD PRIOR TO FILING. ANY QUESTIONS ARE DIRECTED IN WRITING TO THE CPA. Form 990, Part VI, Section B, Line 12c BOARD MEMBERS ARE ASKED TO DISCLOSE ANY POSSIBLE CONFLICT OF INTEREST PRIOR TO THE BEGINNING OF THEIR BOARD TERM. IN ADDITION, THE POLICY IS REVIEWED ANNUALLY BY THE BOARD. Form 990, Part VI, Section B, Line 15b THE BOARD HAS A COMMITTEE FOR THE PURPOSE OF REVIEWING COMPENSATION AND SURVEYS OTHER NONPROFITS FOR COMPARABILITY DATA. Form 990, Part VI, Section C, Line 19 REASONABLE REQUESTS FOR FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS WILL BE FURNISHED UPON REQUEST AT THE OFFICE OF PROUD GROUND. PCLT DEVELOPMENT LLC 5288 N INTERSTATE PORTLAND OR 97217 DEVELOP REAL ESTATE FOR QUALIFIED LOW INCOME FAMILIES OR 497674 PROUD GROUND false false false false false false false false false false false false false false false false false false false