Metro Portland Housing Industry Foundation
- Assets
- $1.4m
- Revenue
- $487.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Lake Oswego, OR
- Founding
- 10/1998
- Data as of
- 12/2021
- EIN
- 93-1239982
Organization Overview
Metro Portland Housing Industry Foundation is located in Lake Oswego, OR. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Metro Portland Housing Industry Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metro Portland Housing Industry Foundation 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, Metro Portland Housing Industry Foundation generated $487.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $366.5k during the year ending 12/2021. While expenses have increased by 5.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
THE HOME BUILDERS FOUNDATION BUILDS SHELTERS AND TRANSITIONAL HOUSING FOR THOSE IN OUR COMMUNITY EXPERIENCING HOMELESSNESS, AND OFFERS COLLEGE SCHOLARSHIPS TO THOSE INTERESTED IN PURSUING A CAREER IN THE HOME BUILDING INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHELTER DEVELOPMENT: TO BUILD SHELTERS AND TRANSITIONAL HOUSING FOR THE HOMELESS AND TO SUPPORT STUDENTS INTERESTED IN PURSUING A CAREER IN THE HOME BUILDING INDUSTRY. HOME AID: PARTNERS BUILDERS AND TRADE PARTNERS WITH SOCIAL SERVICE AGENCIES TO BUILD OR RENOVATE QUALITY HOUSING FOR HOMELESS MEN, WOMEN AND CHILDREN IN THE PORTLAND METRO REGION. IN KIND DONATIONS OF MATERIALS AND LABOR: ST. JOHNS VILLAGE 300,401. VETERANS VILLAGE 247,852. MOD PROTOTYPE 31,833.
SCHOLARSHIP: BY AWARDING SCHOLARSHIPS FOR LOCAL HIGH SCHOOL STUDENTS THE FOUNDATION STRIVES TO ENCOURAGE YOUNG PEOPLE TO CONSIDER A CAREER IN THE HOMEBUILDING INDUSTRY.
WORKFORCE: OUR GOAL IS TO DEVELOP A CRITICALLY NEEDED FUTURE WORKFORCE FOR THE RESIDENTIAL BUILDING INDUSTRY BY GETTING TO PEOPLE TO WORK IN LIVING WAGE JOBS NOW, PLANNING FOR THE FUTURE BY INVESTING IN THE YOUTH IN OUR COMMUNITY, AND ADVANCING EQUITY AND DIVERSITY IN THE CONSTRUCTION INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Ketah Executive Di | Trustee | 40 | $85,569 |
See Attached Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $124,650 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $116,881 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $241,531 |
| Total Program Service Revenue | $0 |
| Investment income | $18,005 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $40,532 |
| Net Income from Fundraising Events | $130,903 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $487,471 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $14,100 |
| 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 | $143,630 |
| Pension plan accruals and contributions | $7,727 |
| Other employee benefits | $13,463 |
| Payroll taxes | $14,942 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,514 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,495 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,406 |
| 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 | $198 |
| Insurance | $837 |
| All other expenses | $17,403 |
| Total functional expenses | $366,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $214,998 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,500 |
| Net Land, buildings, and equipment | $148 |
| Investments—publicly traded securities | $1,095,539 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $97,869 |
| Total assets | $1,410,054 |
| Accounts payable and accrued expenses | $88,242 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $88,242 |
| Net assets without donor restrictions | $676,129 |
| Net assets with donor restrictions | $645,683 |
| 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 | $1,410,054 |
Grants Awarded
Over the last fiscal year, Metro Portland Housing Industry Foundation has awarded $40,750 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CONSTRUCTING HOME | | | $20,750 |
Portland, OR | | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Metro Portland Housing Industry Foundation has recieved totaling $37,000.
| Awarding Organization | Amount |
|---|---|
Homeaid America Inc Irvine, CA PURPOSE: SHELTERING THE HOMELESS | $33,000 |
Umpqua Bank Charitable Foundation Portland, OR PURPOSE: HOMEAID WORKS | $4,000 |
Endowment Analysis
| Beg. Balance | $493,020 |
| Earnings | $66,301 |
| Net Contributions | $97,869 |
| Grants | $11,507 |
| Ending Balance | $645,683 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amazonsmile Foundation Seattle, WA | $32,322,159 | $94,115,479 |
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Shimon Ben Joseph Foundation San Francisco, CA | $1,592,283,787 | $39,921,005 |
Alfred C Munger Foundation Los Angeles, CA | $17,737,694 | $91,163,030 |
Hellman Foundation San Francisco, CA | $693,471,633 | $133,789,010 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $1,715,568,763 | $412,161,407 |
Omidyar Network Fund Inc Redwood City, CA | $490,038,780 | $21,031,743 |
Sobrato Family Foundation Mountain View, CA | $811,956,453 | $266,068,436 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |
Gates Philanthropy Partners Seattle, WA | $58,428,866 | $30,155,547 |
Paul G Allen Family Foundation Seattle, WA | $0 | $45,218,114 |
Benificus Foundation San Carlos, CA | $13,481,294 | $1,960,393 |