Sabin Community Development Corporation
- Assets
- $9.1m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 21
- Location
- Portland, OR
- Founding
- 01/1993
- Data as of
- 12/2021
- EIN
- 94-3168146
Organization Overview
Sabin Community Development Corporation is located in Portland, OR. The organization was established in 1993. According to its NTEE Classification (P21) the organization is classified as: American Red Cross, under the broad grouping of Human Services and related organizations. As of 12/2021, Sabin Community Development Corporation employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sabin Community Development Corporation 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, Sabin Community Development Corporation generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 40.2% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 26.2% per year over the past 6 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
TO PRESERVE AND IMPROVE LIVABILITY FOR ALL RESIDENTS OF THE CULTURALLY DIVERSE NEIGHBORHOODS OF INNER NORTH/NORTHEST PORTLAND BY ASSURING THE AVAILABILITY OF LONG-TERM AFFORDABLE HOUSING FOR ITS LOW AND MODERATE INCOME RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING AND PROPERTY MANAGEMENT - ASSIST IN RETAINING A DIVERSE COMMUNITY IN NE PORTLAND NEIGHBORHOODS THAT HAVE BEEN ERODED BY GENTRIFICATION OVER THE PAST 30 YEARS. SABIN PROVIDES AFFORDABLE HOUSING FOR PRIMARILY AFRICAN AMERICAN HOUSEHOLDS, MOST OF WHOM WOULD HAVE BEEN DISPLACED WITHOUT ACCESS TO AFFORDABLE HOUSING; RETAINING THESE HOUSEHOLDS IN THEIR HOMES TO GROW, THRIVE, AND, ULTIMATELY, AGE IN PLACE IS VITALLY IMPORTANT TO THE NEIGHBORHOODS. SABIN OWNS AND MANAGES 117 (STUDIO-4BEDROOM) UNITS OF AFFORDABLE RENTAL HOUSING AND WORKS WITH 13 LAND TRUST HOMEOWNERS, AND 9 LIMITED EQUITY LEASE PURCHASE HOMEOWNERS.
DEVELOPMENT - SABIN FINANCES AND MANAGES CONSTRUCTION OF AFFORDABLE APARTMENT COMMUNITIES FOR LOW-INCOME FAMILIES, SENIORS AND PEOPLE WITH DISABILITIES.DURING 2021 SABIN BEGIN THE PLANNED DEVELOPMENT OF IT'S FIRST LOW-INCOME TAX CREDIT FINANCED DEVELOPMENT HARVEY RICE HERITAGE LP, WHICH WILL BE COMPRISED OF 2 SEPARATE BUILDINGS, WITH 41 COMBINED UNITS.
COMMUNITY ORGANIZING - WORKING WITH AMERICORPS NCCC AND STUDENTS THROUGH LOCAL COLLEGES AND JOBS PROGRAMS TO SUPPORT BOTH CURRENT ORGANIZATIONAL ACTIVITIES AND TO HELP THE FUTURE GENERATIONS UNDER SABIN'S ROLE IN NE PORTLAND TO MAINTAIN SOCIALLY JUST, ECONOMICALLY VIABLE AND DIVERSE NEIGHBORHOODS. SABIN WORKS TO CREATE A SENSE OF BELONGING BETWEEN OUR RESIDENTS AND WITH THE NEIGHBORHOOD BY PROVIDING GREEN SPACES AND GARDENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jilian Saurage Felton Treasurer | Officer | 4 | $0 |
Harvey Rice Chairperson | Officer | 5 | $0 |
Robyn Harris Ford Secretary | Officer | 2 | $0 |
Brad Hippert Vice Chairpe | Officer | 4 | $0 |
Samuael Cole Director | Trustee | 2 | $0 |
Justin Reeves Meyer Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,522,721 |
| All other contributions, gifts, grants, and similar amounts not included above | $133,207 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,655,928 |
| Total Program Service Revenue | $2,201,724 |
| Investment income | $2,515 |
| 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 | $3,860,167 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $487,235 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $80,807 |
| Payroll taxes | $45,330 |
| Fees for services: Management | $12,832 |
| Fees for services: Legal | $5,353 |
| Fees for services: Accounting | $44,179 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $14,916 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,190 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $59,125 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $158,552 |
| Insurance | $35,584 |
| All other expenses | $15,530 |
| Total functional expenses | $1,120,998 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,547 |
| Savings and temporary cash investments | $2,170,825 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,793 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $80,192 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,207 |
| Net Land, buildings, and equipment | $2,675,011 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,829,381 |
| Intangible assets | $13,033 |
| Other assets | $280,996 |
| Total assets | $9,108,985 |
| Accounts payable and accrued expenses | $184,313 |
| Grants payable | $0 |
| Deferred revenue | $59,204 |
| 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 | $4,000,280 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $96,234 |
| Total liabilities | $4,340,031 |
| Net assets without donor restrictions | $4,768,954 |
| 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 | $9,108,985 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sabin Community Development Corporation has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
Collins Foundation Portland, OR PURPOSE: SUPPORT THE CONSTRUCTION OF A COMMUNITY ROOM IN AN AFFORDABLE HOUSING COMMUNITY FOCUSED TO SHARE AFRICAN-AMERICAN CULTURE AND ARTS WITH RESIDENTS AND COMMUNITY MEMBERS IN MULTNOMAH COUNTY | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Action Of Skagit County Mount Vernon, WA | $8,445,889 | $20,193,339 |
Berkeley Food And Housing Project Berkeley, CA | $7,900,684 | $21,326,193 |
Catholic Community Services Of The Mid Willamette Valley & Central Salem, OR | $4,444,104 | $18,908,977 |
Jewish Community Center Of San Francisco San Francisco, CA | $68,631,980 | $17,530,777 |
Covenant House California Los Angeles, CA | $27,501,238 | $23,025,602 |
Chief Seattle Club Seattle, WA | $37,888,241 | $27,843,318 |
The Davis Street Community Center Incorporated San Leandro, CA | $4,867,189 | $19,457,614 |
Counseling Research & Associates Inc Gardena, CA | $3,260,285 | $19,660,484 |
Rose Villa Inc Portland, OR | $178,624,912 | $20,737,089 |
Thorn El Segundo, CA | $55,899,980 | $19,053,788 |
Community Action Team Incorporated Of St Helens, OR | $13,623,146 | $18,435,042 |
Marys Place Seattle Seattle, WA | $63,713,105 | $33,158,940 |