2024-05-15T17:04:40-04:00 2023-06-30 930819646 JONES & ROTH PC PO BOX 10086 EUGENE OR 97440 990 2022-07-01 930877440 INNOVATIVE HOUSING INC INNO 5032264368 219 NW 2ND AVE PORTLAND OR 97209 SARAH STEVENSON EXECUTIVE DIRECTOR 5032264368 2024-05-15 true SARAH STEVENSON 999009999 false KARI YOUNG P01325552 5416872320 2024-05-15 2022 2023-04-26 12:10:37Z SARAH STEVENSON 219 NW 2ND AVE PORTLAND OR 97209 18044163 false X WWW.INNOVATIVEHOUSINGINC.COM X 1984 OR DEVELOP, PRESERVE AND OPERATE AFFORDABLE HOUSING FOR LOW AND MODERATE- INCOME HOUSEHOLDS AND PROVDE SERVICES TO RESIDENTS TO MAINTAIN HOUSING STABILITY, IMPROVE QUALITY OF LIFE AND BREAK THE CYCLE OF POVERTY. 4 4 26 4 0 115871 625064 6583406 10192203 838929 3546550 20020 7538206 14383837 0 0 1281849 1473157 0 8612 5101192 7716749 6383041 9189906 1155165 5193931 64094123 77438092 25324095 32038671 38770028 45399421 X DEVELOP, PRESERVE AND OPERATE AFFORDABLE HOUSING FOR LOW AND MODERATE- INCOME HOUSEHOLDS AND PROVDE SERVICES TO RESIDENTS TO MAINTAIN HOUSING STABILITY, IMPROVE QUALITY OF LIFE AND BREAK THE CYCLE OF POVERTY. false false 7266854 5180570 PROPERTY OWNERSHIP - IN ADDITION TO MANAGING AFFORDABLE PROPERTIES OWNED BY UNAFFILIATED LP/LLCS, THE ORGANIZATION OWNS AFFORDABLE RENTAL UNITS AT MULTIPLE PORTLAND AREA PROPERTIES. 893421 226082 RESIDENT SERVICES - THE ORGANIZATION COMPLEMENTS ITS HOUSING WITH RESIDENT SERVICES DESIGNED TO HELP RESIDENTS MAINTAIN THEIR HOUSING STABILITY, IMPROVE THEIR QUALITY OF LIFE, AND BREAK THE CYCLE OF POVERTY. RESIDENT SERVICE STAFF CONNECT RESIDENTS WITH EXISTING COMMUNITY RESOURCES AND SERVICE PROVIDERS, ADVOCATE FOR RESIDENTS, SPONSOR COMMUNITY BUILDING ACTIVITIES, COORDINATE ON-SITE CLASSES AND WORKSHOPS, AND OFFER SITE-BASED PROGRAMS INCLUDING AN EVICTION PREVENTION PROGRAM, FINANCIAL EDUCATION, AN EMERGENCY FUND, AND A COMPREHENSIVE YOUTH AND FAMILY PROGRAM. 428601 214321 ASSET MANAGEMENT - THE ORGANIZATION IS THE MANAGING GENERAL PARTNER OR MANAGING MEMBER FOR SEVERAL LIMITED PARTNERSHIPS (LPS)/ LIMITED LIABILITY COMPANIES (LLCS) THAT OWN AFFORDABLE RENTAL UNITS IN OREGON AND WASHINGTON. THE ORGANIZATION MANAGES THIS PORTFOLIO TO ENSURE THAT EACH PROPERTY IS WELL-MAINTAINED, FINANCIALLY SUSTAINABLE AND MAKES A POSITIVE CONTRIBUTION TO ITS NEIGHBORHOOD. ASSET MANAGEMENT INCLUDES HIRING AND SUPERVISING PROFESSIONAL PROPERTY MANAGERS, COMPLIANCE AND REPORTING, HANDLING AUDITS/TAX MATTERS, AND STRUCTURING/REFINANCING DEBT. 301505 4571230 HOUSING DEVELOPMENT - THE ORGANIZATION CREATES AND PRESERVES AFFORDABLE HOUSING THROUGH NEW CONSTRUCTION AND THE ACQUISITION/REHABILITATION OF EXISTING MULTIFAMILY PROPERTIES AND HISTORIC BUILDINGS. THE ORGANIZATION'S RENTAL HOUSING SERVES LOW AND VERY LOW-INCOME FAMILIES AND INDIVIDUALS, SENIORS, PEOPLE WITH DISABILITIES, FORMERLY HOMELESS PEOPLE, VETERANS, AND HOUSEHOLDS ESCAPING DOMESTIC VIOLENCE. 301505 4571230 8890381 true true false true false false false false false false true false false true true false true false false false false false false false false false false false false true true false false false false false false false false false false false false false false true true true false false false true 16 0 26 true false false false false false false false false false false false false false X 4 4 false false false false false false false true true false false true true true true false false true false false OR X X SARAH STEVENSON 5032264368 219 NW 2ND AVE PORTLAND OR 97209 SARAH STEVENSON EXECUTIVE DI 40.00 X 150956 0 15619 JULIE GARVER SR HOUSING D 40.00 X 129084 0 15421 DOMINIQUE MERRIWEATHER DIRECTOR OF 40.00 X 96907 0 13590 JOE HUGHES PRESIDENT 1.00 X X 0 0 0 RIAD SAHLI SECRETARY/TR 1.00 X X 0 0 0 LARRY BYERS BOARD MEMBER 1.00 X 0 0 0 SHAWN MORGAN BOARD MEMBER 1.00 X 0 0 0 DARCY VINCENT BOARD MEMBER 1.00 X 0 0 0 376947 44630 2 false true false MILLER'S SONS CONTRACTING LLC 20917 NW 72ND AVE BATTLE GROUND WA 98604 CONSTRUCTION 345086 GBC CONSTRUCTION 2273 NW PROFESSIONAL DR STE 200 CORVALLIS OR 97330 CONSTRUCTION 188250 2 489381 135683 625064 PROPERTY OWNERSHIP 531110 5180570 5180570 HOUSING DEVELOPMENT 236116 4571230 4571230 RESIDENT SERVICES FEES 624200 226082 226082 ASSET MANAGEMENT FEES 531310 214321 214321 10192203 686876 686876 6520000 3660326 2859674 2859674 2859674 OTHER INCOME 900099 20020 20020 20020 14383837 13071897 686876 294207 169891 120810 3506 940722 925775 12000 2947 40893 40747 30 116 94206 89625 4163 418 103129 92290 10313 526 3283 3283 23448 23448 22099 22099 199173 142339 56834 135386 129207 5879 300 939607 933239 6059 309 621427 621427 923598 923598 305892 291287 14605 DEBT FORGIVENESS 1911806 1911806 PROPERTY MANAGEMENT 1308368 1308368 REPAIRS & MAINTENANCE 1106800 1106062 702 36 OTHER EXPENSES 115660 106981 8258 421 100202 97739 2430 33 9189906 8890381 290913 8612 245358 869874 6597078 8958659 426174 721403 22118301 29766967 137505 120423 31593535 13245887 18495840 18347648 3400896 3611361 2955755 2304439 9717216 12737318 64094123 77438092 694058 334023 86616 60049 3325415 3200318 21218006 28194929 249352 25324095 32038671 X 32278424 38600745 6491604 6798676 38770028 45399421 64094123 77438092 X 5193931 104387 1331075 X false true X true false X 857974 2272171 435104 115871 625064 4306184 12083364 8274693 1037640 7830884 10192203 39418784 12941338 10546864 1472744 7946755 10817267 43724968 2782913 1621622 749494 2199591 4225504 11579124 2782913 1621622 749494 2199591 4225504 11579124 32145844 609690 635408 465950 838929 686876 3236853 609690 635408 465950 838929 686876 3236853 20020 20020 13551028 11182272 1938694 8785684 11524163 46981841 0.68420 0.93670 0.07000 0.06000 X PART III, LINE 12 OTHER INCOME 20,020 SUPPLEMENTAL INFORMATION PRIOR YEAR COLUMNS OF SCHEDULE A, PART III HAVE BEEN UPDATED TO PROPERLY REFLECT THE NATURE OF THE REVENUE OF THE ORGANIZATION ALSO TO PROPERLY REFLECT AMOUNTS ON LINE 7B THAT SHOULD BE EXCLUDED FROM PUBLIC SUPPORT. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9189906 9189906 609495 152374 477250 468724 469152 609495 2024621 3036932 119313 117181 117288 152374 506156 759234 3092813 3092813 27872010 12978070 14893940 238070 38878 199192 390642 228939 161703 18347648 DEVELOPMENT FEES RECEIVABLE 10440192 CONSTRUCTION IN PROGRESS 2077745 TENANT SECURITY DEPOSITS 219381 12737318 SECURITY DEPOSITS PAYABLE 228523 ACCRUED INTEREST 20829 249352 12554319 104387 -1911806 -1807419 14361738 22099 22099 14383837 7256001 7256001 22099 1911806 1933905 9189906 SCHEDULE D, PAGE 4, PART XI, LINE 2D DEBT FORGIVENESS - ASSUMPTION OF LP -1,911,806 SCHEDULE D, PAGE 4, PART XII, LINE 4B DEBT FORGIVENESS - ASSUMPTION OF LP 1,911,806 X X X false false false false false false false false false SARAH STEVENSON EXECUTIVE DIRECTOR 150956 7865 7754 166575 A STATE OF OREGON 936001787 2015-12-31 4022658 QUALIFIED 501C(3) NONHOSPITAL false false false A 822340 4022658 20113 4002545 false false true true A true false true true false true false true A false false true false false false false false false A false PURPOSE OF ISSUE DESCRIPTION STATE OF OREGON QUALIFIED 501C(3) NONHOSPITAL FORM 990, PAGE 2, PART III, LINE 4D HOUSING DEVELOPMENT - THE ORGANIZATION CREATES AND PRESERVES AFFORDABLE HOUSING THROUGH NEW CONSTRUCTION AND THE ACQUISITION/REHABILITATION OF EXISTING MULTIFAMILY PROPERTIES AND HISTORIC BUILDINGS. THE ORGANIZATION'S RENTAL HOUSING SERVES LOW AND VERY LOW-INCOME FAMILIES AND INDIVIDUALS, SENIORS, PEOPLE WITH DISABILITIES, FORMERLY HOMELESS PEOPLE, VETERANS, AND HOUSEHOLDS ESCAPING DOMESTIC VIOLENCE. FORM 990, PAGE 6, PART VI, LINE 11B MEMBERS OF THE BOARD ARE GIVEN A COPY OF FORM 990 TO REVIEW PRIOR TO FILING. ANY QUESTIONS, COMMENTS OR OBSERVATIONS ARE PRESENTED TO THE EXECUTIVE DIRECTOR FOR CLARIFICATION. FORM 990, PAGE 6, PART VI, LINE 12C THE EXECUTIVE DIRECTOR AND BOARD PRESIDENT MONITOR THE CONFLICT OF INTEREST POLICY AND THE ORGANIZATION HAS A STANDING INFORMAL POLICY OF NOT CONDUCTING BUSINESS WITH ANY BOARD MEMBERS OR BOARD MEMBERS' RELATIVES. FORM 990, PAGE 6, PART VI, LINE 15A EXECUTIVE DIRECTOR COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS BASED ON COMPARABILITY DATA GATHERED FROM RELIABLE SURVEYS OF COMPENSATION FOR SIMILAR POSITIONS OR DATA FOR AT LEAST THREE SIMILARLY SITUATED EMPLOYEES IN COMPARABLE POSITIONS. FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 DEBT FORGIVENESS - ASSUMPTION OF LP -1,911,806 DEBT FORGIVENESS - ASSUMPTION OF LP 1,911,806 BEGINNING NET ASSETS WAS RESTATED FOR UNDERSTATED REVENUE IN THE PRIOR YEAR IN THE AMOUNT OF 1,331,075. 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