Oregon Corporation For Affordable Housing
- Assets
- $1.5m
- Revenue
- $765.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 07/1998
- Data as of
- 12/2021
- EIN
- 93-1113844
Organization Overview
Oregon Corporation For Affordable Housing, operating under the name Nef Housing Charities, is located in Chicago, IL. The organization was established in 1998. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nef Housing Charities is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Nef Housing Charities generated $765.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $463.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RELIEVE POVERTY AND DISTRESS THROUGH THE DEVELOPMENT, CONSTRUCTION, AND OPERATION OF SAFE, SANITARY, AND AFFORDABLE LOW-INCOME HOUSING IN OREGON AND OTHER STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OREGON CORPORATION FOR AFFORDABLE HOUSING DBA NEF HOUSING CHARITIES SERVES AS THE GENERAL PARTNER OR MANAGING MEMBER OF INVESTOR LIMITED PARTNERSHIPS AND LIMITED LIABILITY COMPANIES THAT ACQUIRE LIMITED PARTNER OR NON-MANAGING MEMBER INTERESTS IN PROJECT PARTNERSHIPS OR PROJECT LIMITED LIABILITY COMPANIES THAT ACQUIRE, OWN, CONSTRUCT, REHABILITATE AND OPERATE LOW-INCOME HOUSING PROJECTS. IN ADDITION, NEF HOUSING CHARITIES PROVIDES AND FACILITATES ASSET MANAGEMENT SERVICES TO SUPPORT SUCH INVESTMENTS IN LOW-INCOME HOUSING PROJECTS. NEF HOUSING CHARITIES ALSO MAKES GRANTS FROM CHARITABLE DONATIONS IN FURTHERANCE OF ITS TAX-EXEMPT MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy Schneider SVP & Asst Secretary (and Director) | OfficerTrustee | 2 | $0 |
Mark Siranovic SVP (and Director) | OfficerTrustee | 2 | $0 |
Peter Harrison SVP (and Director) | OfficerTrustee | 2 | $0 |
Matthew Reilein President & CEO | Officer | 2 | $0 |
Reena Bramblett SVP | Officer | 2 | $0 |
Michael Rogers SVP & Secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $764,888 |
| Investment income | $66 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $764,954 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $73,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,919 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $334,560 |
| Advertising and promotion | $0 |
| Office expenses | $9,105 |
| Information technology | $2,397 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,778 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $463,259 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,073,961 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $338,722 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $113,379 |
| Other assets | $0 |
| Total assets | $1,526,062 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $28,503 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $720,969 |
| Total liabilities | $749,472 |
| Net assets without donor restrictions | $776,590 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,526,062 |
Grants Awarded
Over the last fiscal year, Oregon Corporation For Affordable Housing has awarded $29,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Dallas, TX PURPOSE: SUPPORT RESIDENTS OF AFFORDABLE HOUSING PROJECT PARTNERSHIPS IN FEDERALLY DECLARED DISASTER AREAS | $7,500 |
Austin, TX PURPOSE: SUPPORT RESIDENTS OF AFFORDABLE HOUSING PROJECT PARTNERSHIPS IN FEDERALLY DECLARED DISASTER AREAS | $7,500 |
Houston, TX PURPOSE: SUPPORT RESIDENTS OF AFFORDABLE HOUSING PROJECT PARTNERSHIPS IN FEDERALLY DECLARED DISASTER AREAS | $7,500 |
Phoenix, AZ PURPOSE: SUPPORT RESIDENTS OF AFFORDABLE HOUSING PROJECT PARTNERSHIPS | $7,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Oregon Corporation For Affordable Housing has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
National Equity Fund Inc Chicago, IL PURPOSE: SUPPORT RESIDENTS OF AFFORDABLE HOUSING PROJECT PARTNERSHIPS DURING COVID-19 PANDEMIC | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gene B Glick Family Housing Foundation Inc Indianapolis, IN | $374,839,062 | $69,361,551 |
Nef Community Investments Inc Chicago, IL | $49,835,744 | $69,249,511 |
Resurrection Project Chicago, IL | $50,016,508 | $28,523,400 |
One Vision Clear Lake, IA | $49,722,327 | $26,134,344 |
Elevate Housing Foundation Lincolnwood, IL | $28,372,310 | $19,775,453 |
Integrated Community Services Inc Green Bay, WI | $950,571 | $23,339,700 |
Community Investment Corp Chicago, IL | $332,682,140 | $31,622,758 |
Friendship Haven Inc Fort Dodge, IA | $50,931,455 | $22,390,428 |
North East Community Action Corporation Bowling Green, MO | $19,489,309 | $16,722,475 |
Affordable Housing Development Fund Inc Rockford, IL | $87,465,066 | $18,557,415 |
Chicago Low Income Housing Trust Fund Chicago, IL | $68,435,328 | $24,410,244 |
Interfaith Housing Development Corporation Of Chicago Chicago, IL | $13,790,371 | $15,355,980 |