2026-02-22T11:49:08-06:00 2025-06-30 930900579 MCDONALD JACOBS PC 121 SW SALMON ST STE 1100 PORTLAND OR 97204 990 2024-07-01 931111589 PORTLAND HOUSING CENTER PORT 5037974014 3233 NE SANDY BLVD PORTLAND OR 97232 DANA SHEPHARD EXECUTIVE DIRECTOR 5037974014 2026-02-20 1 1 SANG AHN P00540880 5032270581 2024 2025-03-06 01:10:19Z DANA SHEPHARD 3233 NE SANDY BLVD PORTLAND OR 97232 5333591 0 X PORTLANDHOUSINGCENTER.ORG X 1992 OR EVERYONE DESERVES ACCESS TO HOMEOWNERSHIP. THE PORTLAND HOUSING CENTER MAKES IT POSSIBLE THROUGH QUALITY EDUCATION, COUNSELING AND FINANCIAL SERVICES. 15 15 20 25 0 0 3329239 4134469 1008582 1081243 38190 87955 494 29924 4376505 5333591 615207 761199 0 0 1546363 1572274 0 0 215197 598296 1659418 2759866 3992891 1616639 1340700 19414508 20144998 1890837 1769922 17523671 18375076 EVERYONE DESERVES ACCESS TO HOMEOWNERSHIP. THE PORTLAND HOUSING CENTER MAKES IT POSSIBLE THROUGH QUALITY EDUCATION, COUNSELING AND FINANCIAL SERVICES. 0 0 1294949 761199 43061 HOME BUYING EDUCATION AND GUIDANCE: PORTLAND HOUSING CENTER PROVIDES PRE-PURCHASE HOME BUYER EDUCATION, PRE-PURCHASE ONE-ON-ONE COUNSELING AND CLASSES ON FINANCIAL LITERACY FOR HOMEOWNERS. 1805779 1068106 FINANCIAL SERVICES: PORTLAND HOUSING CENTER PROVIDES SEVERAL TYPES OF DIRECT FINANCIAL ASSISTANCE TO ELIGIBLE HOME BUYERS INCLUDING DOWN PAYMENT ASSISTANCE GRANTS, MATCH SAVINGS FUNDS, AND A FULLY AMORTIZING 2ND MORTGAGE PRODUCT. PORTLAND HOUSING CENTER ALSO SERVES AS AN OREGON LICENSED MORTGAGE BROKER FOR FIRST MORTGAGES AND REFINANCES. 3100728 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 24 0 20 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OR X MARK PALARDY 5032827744 3233 NE SANDY BLVD PORTLAND OR 97232 DEBRA NEAL PRESIDENT 1.00 X X 0 0 0 DEONA DELONG VICE PRESIDENT 1.00 X X 0 0 0 ADAM BOOMER TREASURER 1.00 X X 0 0 0 CARISS WEBBER SECRETARY 1.00 X X 0 0 0 MIKE SCHRADER MEMBER 1.00 X 0 0 0 TA'NESHIA RENAE MEMBER 1.00 X 0 0 0 CAMILLE ELMORE TRUMMER MEMBER 1.00 X 0 0 0 ALMA BARRAZA MEMBER 1.00 X 0 0 0 JEFF PRATUCH MEMBER 1.00 X 0 0 0 ADA DORTCH MEMBER 1.00 X 0 0 0 MEESHA JONES MEMBER 1.00 X 0 0 0 ALEXIS ALBERTI MEMBER 1.00 X 0 0 0 LONNIE BOWDEN MEMBER 1.00 X 0 0 0 NANCY MEJIA MEMBER 1.00 X 0 0 0 TANJA LUX MEMBER 1.00 X 0 0 0 DANA SHEPHARD EXECUTIVE DIRECTOR 40.00 X 156538 0 17848 MARK PALARDY FINANCE DIRECTOR 40.00 X 116213 0 15429 272751 0 33277 2 0 1 0 0 2396610 1737859 4134469 INTEREST INCOME 531390 638903 638903 LOAN FEES 531390 399279 399279 PROGRAM FEES 531390 43061 43061 1081243 87955 87955 MISCELLANEOUS INCOME 900003 29924 29924 29924 5333591 1111167 0 87955 761199 761199 174386 103585 54566 16235 1121998 666465 351069 104464 54417 32323 17027 5067 100205 59521 31354 9330 121268 72033 37944 11291 709 509 181 19 27800 27800 180840 149655 25523 5662 3945 678 1153 2114 36817 22659 11592 2566 132387 78698 50600 3089 36173 21503 13826 844 30592 5256 8941 16395 68396 13611 20085 34700 22000 22000 36842 22545 11706 2591 35579 21150 13599 830 DPA LOAN FORGIVENESS 1022000 1022000 CREDIT REPORTS AND LOAN 25338 25338 3992891 3100728 676966 215197 1809683 1156072 3750229 4179235 191384 522408 29301 63293 13206748 13840646 47847 63893 1158729 930709 244359 228020 134957 91431 19414508 20144998 146918 248230 483528 318821 1100000 1100000 160391 102871 1890837 1769922 X 15004359 15837101 2519312 2537975 17523671 18375076 19414508 20144998 X 1340700 -489295 X X 0 1 X 1 0 X 3434851 3337921 2436244 3329239 4134469 16672724 3434851 3337921 2436244 3329239 4134469 16672724 182384 16490340 2451 1492 4229 38190 87955 134317 19384 7542 16392 494 29924 73736 16880777 5595459 0.97690 0.99420 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 3777694 3777694 338885 84721 0 0 286633 267351 281341 338885 1174210 1761315 71658 66838 70335 84721 293552 440328 64413 64413 823399 689860 133539 270917 240849 30068 228020 RECOURSE OBLIGATION 84631 OPERATING LEASE LIABILITY 18240 102871 X 5333591 0 5333591 0 5333591 4482186 0 4482186 -489295 -489295 3992891 PART X, LINE 2: THE CENTER FOLLOWS THE PROVISIONS OF FASB ASC TOPIC 740 ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT HAS EVALUATED THE CENTER'S TAX POSITIONS AND CONCLUDED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH PROVISIONS OF THIS TOPIC. PART XII, LINE 4B - OTHER ADJUSTMENTS: RESERVE FOR LOAN LOSSES REPORTED AS ADJUSTMENT TO NET ASSETS -489,295. 1 IDA REIMBURSEMENT 88 376128 DOWNPAYMENT ASSISTANCE 39 385071 PART I, LINE 2: THE ORGANIZATION DISBURSES IDA FUNDS IN ACCORDANCE WITH ITS AGREEMENT WITH THE STATE OF OREGON. THE STATE OF OREGON PERFORMS ANNUAL AUDITS TO DETERMINE IF FUNDS ARE BEING APPROPRIATELY DISBURSED. SIMILAR TO THE IDA PROGRAM, PHC DISBURSES DOWN PAYMENT ASSISTANCE IN ACCORDANCE TO THE GRANT AGREEMENT WITH THE STATE OF OREGON. PURSUANT TO THE AGREEMENT, WE REPORT ON A QUARTERLY BASIS, THE STATUS OF THE FUNDS AND DISBURSEMENTS. PHC DISBURSES DOWN PAYMENT ASSISTANCE LOANS IN ACCORDANCE TO THE GRANT AGREEMENT WITH THE CITY OF BEAVERTON. PURSUANT TO THE AGREEMENT, WE REPORT ON A QUARTERLY BASIS, THE STATUS OF THE FUNDS AND DISBURSEMENTS. X X X 0 0 0 0 0 0 0 0 0 DANA SHEPHARD EXECUTIVE DIRECTOR 156538 0 0 0 0 0 9392 0 8456 0 174386 0 0 0 PART I, LINE 1A THE HIGHEST PAID EMPLOYEES COMPENSATION IS A COMBINATION OF AN ANNUAL SALARY, 401K BENEFIT + PAID MEDICAL. THERE WERE NO OTHER ALLOWNACES FROM THE LIST ABOVE, NUMBER 1, PAID TO ANY EMPLOYEE. FORM 990, PART VI, SECTION A, LINE 2 PHC RECEIVES SUPPORT FROM TWO BANKS WHOSE MEMBERS SERVE ON THE BOARD. PHC ALSO HAS OPERATING ACCOUNTS AT HOMESTREET BANK, WHICH IS REPRESENTED ON THE BOARD. PHC CONTRACTED WITH CAMILLE TRUMMER, A BOARD MEMBER, FOR STRATEGIC PLANNING CONSULTANCY WORK. FORM 990, PART VI, SECTION B, LINE 11B THE REVIEW OF THE 990 WAS CONDUCTED BY THE FINANCE COMMITTEE AND THEIR FINDINGS REPORTED TO THE BOARD AT THE BOARD MEETING. THE REVIEW WILL OCCUR AT THE REGULARLY SCHEDULED FINANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C THE MEMBERS OF THE BOARD FILL OUT A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY, DURING THE BOARD ELECTION PERIOD (SEPTEMBER). THESE QUESTIONNAIRES ARE REVIEWED BY THE EXECUTIVE DIRECTOR TO ENSURE THAT ANY CONFLICTS ARE KNOWN AND ANY NECESSARY ACTION IS TAKEN TO COMPLY WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD DETERMINES THE COMPENSATION FOR THE EXECUTIVE DIRECTOR USING COMPARABLE DATA AND CONTEMPORANEOUS SUBSTANTIATION. THE REVIEW AND APPROVAL WAS DONE THROUGH A MAJORITY VOTE. FOR OTHER MANAGEMENT EMPLOYEES, COMPARABLE DATA IS USED SUCH AS SALARY SURVEYS AND OTHER FORMS OF SUBSTANTIATION. FORM 990, PART VI, SECTION C, LINE 19 A COPY IS MAINTAINED ON SITE FOR THE PUBLIC TO REVIEW UPON REQUEST. FORM 990, PART XI, LINE 9: ADJUSTMENT FOR UNCOLLECTIBLE ACCOUNTS -489,295. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.