2025-06-04T14:59:24-05:00 2023-12-31 113066459 CERINI & ASSOCIATES LLP 3340 VETERANS MEMORIAL HWY BOHEMIA NY 11716 990 2023-01-01 931059146 PORTLAND COMMUNITY REINVESTMENT INITIATIVES INC PORT 5032882923 6329 NE MARTIN LUTHER KING JR BLVD PORTLAND OR 97211 KYMBERLY HORNER EXECUTIVE DIRECTOR 5032882923 2025-06-04 1 0 MATT BURKE P00760659 6315821600 2025-05-23 2023 2025-03-06 01:10:19Z KYMBERLY HORNER 6329 NE MARTIN LUTHER KING JR BLVD PORTLAND OR 97211 8383093 0 X WWW.PCRIHOME.ORG X 1991 OR 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. 7 7 55 15 0 0 2233202 2594671 5505628 4949465 815027 166308 285684 672649 8839541 8383093 260571 733052 0 0 3210389 2918465 0 0 83436 5081111 4473094 8552071 8124611 287470 258482 37779245 36417121 15999193 14306838 21780052 22110283 X 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. 0 0 4354563 4949465 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. 2002068 733052 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. 152123 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. 6508754 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 96 0 1 55 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OR X X THE ORGANIZATION 5032882923 6329 NE MARTIN LUTHER KING JR BLVD PORTLAND OR 97211 DAMIEN HALL CHAIR 1.00 X X 0 0 0 ERIC HUNTER VICE CHAIR 1.00 X X 0 0 0 JUDY SILKE TREASURER 1.00 X X 0 0 0 DON SHANKLIN SECRETARY 1.00 X X 0 0 0 ANY CORUNGNO DIRECTOR 1.00 X 0 0 0 REV DR LEROY HAYNES DIRECTOR 1.00 X 0 0 0 MELVIN BROADOUS DIRECTOR 1.00 X 0 0 0 KYMBERLY HORNER EXECUTIVE DIRECTOR 40.00 X 222109 0 22887 ANDREA DEBNAM DIRECTOR OF PROPERTY MANAGEMENT & RESIDENT SERVICE 40.00 X 108529 0 10967 JEREMY JOSTAND DIRECTOR OF HOUSING DEVELOPMENT 40.00 X 123006 0 24682 MARTIN OLZA DIRECTOR OF OPERATIONS 40.00 X 124466 0 11785 578110 0 70321 4 0 1 0 KENNEDY RESTORATION 13909 NE AIRPORT WAY PORTLAND OR 97230 CONSTRUCTION AND RESTORATION 203498 GARY MCGEE & CO LLP 1000 SW BROADWAY SUITE 1200 PORTLAND OR 97205 AUDIT AND TAX PREPARATION 134593 2 1927593 667078 2594671 RENTAL REVENUE 531110 4749587 4749587 PROPERTY MANAGEMENT FE 532000 167077 167077 DAMAGE/REPAIR FEES 532000 31536 31536 SCREENING FEES 532000 1265 1265 4949465 166308 166308 EMPLOYEE RETENTION PRO 900099 411057 411057 OTHER REVENUE 900099 261592 261592 672649 8383093 5622114 0 166308 733052 733052 222109 187467 32393 2249 1997304 1685789 291291 20224 42321 32851 8899 571 465073 361004 97789 6280 191658 148771 40299 2588 319157 84826 234331 11911 1911 10000 88466 88466 80033 75310 4723 10430 3626 6804 422861 312304 110557 1006403 996040 10363 305240 241854 63386 UTILITIES 758873 714678 44195 PROPERTY MAINTENANCE 715853 533754 182099 CONTRACT SERVICES 444295 154763 289532 PROPERTY TAXES 111927 111927 197645 40361 105760 51524 8124611 6508754 1532421 83436 1986501 1067418 1021180 1343293 283305 368368 2668166 982950 1987478 2087478 73825 103113 50749003 25008421 27528230 25740582 1674540 1898425 556020 2825494 37779245 36417121 1373899 1006446 317978 584659 14029226 12434283 278090 281450 15999193 14306838 X 21328333 21736160 451719 374123 21780052 22110283 37779245 36417121 258482 71749 0 X X 0 1 X 1 1 1 X 665893 2540483 1894076 2233202 2594671 9928325 665893 2540483 1894076 2233202 2594671 9928325 165475 9762850 48229 968 174436 124961 166308 514902 52355 162316 110018 285684 672649 1283022 11726249 0.83260 0.76330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1527439 1527439 46848088 24410904 22437184 744422 597517 146905 1629054 1629054 25740582 EQUITY IN AFFILIATE 1898425 F 1898425 DUE FROM AFFILIATES 2104943 CASH AND CASH EQUIVALENTS HELD FOR TENANT SECURITY DEPOSITS 249110 INTEREST RATE SWAP ASSET 471441 2825494 DUE TO AFFILIATES 32016 TENANT SECURITY DEPOSIT LIABILITY 249110 ACCRUED INTEREST PAYABLE 324 281450 X 8419232 36139 36139 8383093 0 8383093 8160750 36139 36139 8124611 0 8124611 PART X, LINE 2: THE ORGANIZATION BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2023 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740, "INCOME TAXES", WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX POSITIONS FOR UNCERTAIN TAX POSITIONS. 1 PAYMENTS FOR COSTS TO AVOID FORECLOSURE AND TERMINATION OF SERVICES INCLUDING MORTGAGES, PROPERTY TAXES, UTILITIES, AND ASSOCIATION DUES 80 562295 PAYMENTS FOR DOWN PAYMENT ASSISTANCE FOR HOME PURCHASES 2 120000 PAYMENTS FOR COSTS RELATED TO HOME REPAIRS FOR INCOME QUALIFIED INDIVIDUALS SUCH AS HOME INSPECTIONS AND CONTRACTOR PAYMENTS FOR ROOF AND OTHER NEEDED REPAIRS 19 50757 PART I, LINE 2: PCRI PERFORMS OUTREACH FOR PROGRAMS IN TARGET COMMUNITIES AND GATHERS DATA ON POTENTIAL RECIPIENTS VIA AN APPLICATION PROCESS WHICH IS REVIEWED BY PROGRAMS PERSONNEL TO ENSURE RECIPIENTS MEET INCOME AND GEOGRAPHIC CRITERIA FOR THE APPROPRIATE PROGRAMS. PCRI STAFF REVIEWS AND APPROVES ALL EXPENDITURES UNDER THE GRANT FROM THIRD PARTIES TO ENSURE EXPENDITURES FALL WITHIN ACCEPTABLE CRITERIA RELATED TO TYPE OF EXPENDITURE AND COST, OBTAINING MULTIPLE BIDS WHEN REQUIRED. PCRI THEN REMITS PROPERLY SUBMITTED AND APPROVED EXPENDITURES DIRECTLY TO THIRD PARTY VENDORS TO ENSURE FUNDS ARE ONLY USED FOR AUTHORIZED EXPENDITURES. 0 0 0 0 0 0 0 0 0 KYMBERLY HORNER EXECUTIVE DIRECTOR 222109 0 0 0 0 0 6534 0 16353 0 244996 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM. IT IS THEN REVIEWED IN DETAIL BY THE EXECUTIVE DIRECTOR AND FISCAL MANAGER PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND OFFICERS ARE COVERED BY THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. WHEN A CONFLICT IS NOTED, THE BOARD ADDRESSES THE ISSUE AND THE MEMBER WITH A CONFLICT IS NOT PERMITTED TO VOTE ON THE ISSUE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD PERSONNEL COMMITTEE ANNUALLY REVIEWS AND DETERMINES THE EXECUTIVE DIRECTOR'S COMPENSATION. THE EXECUTIVE DIRECTOR SETS ALL OTHER EMPLOYEE SALARIES. FORM 990, PART VI, SECTION C, LINE 18 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR. 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