2024-11-12T07:19:53-06:00 2023-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2023-01-01 930860753 BIENESTAR INC BIEN 5036932937 PO BOX 665 HILLSBORO OR 97123 NATHAN TESKE EXECUTIVE DIRECTOR 5036932937 2024-11-07 1 1 JACOB A SOWERS P01712829 3178485700 2023 2024-10-15 13:58:12Z X NATHAN TESKE PO BOX 665 HILLSBORO OR 97123 9979815 0 X WWW.BIENESTAR-OR.ORG X 1981 OR BIENESTAR BUILDS HOUSING, HOPE, AND COMMUNITY FOR THE WELLBEING OF LATINXS, IMMIGRANTS, AND ALL FAMILIES IN NEED. 11 11 30 25 0 0 5624098 3511969 6931561 5985977 110068 226205 265512 255664 12931239 9979815 0 0 0 0 2443516 2748127 0 0 77055 5143757 5131140 7587273 7879267 5343966 2100548 43787145 45883559 13279469 13275335 30507676 32608224 X BIENESTAR BUILDS AND OPERATES AFFORDABLE HOUSING FOR THE BENEFIT OF LOW-INCOME FAMILIES EARNING JUST 60% OR LESS OF AREA MEDIAN INCOME. OUR PORTFOLIO CONSISTS OF OVER 750 UNITS OF HOUSING THROUGHOUT WASHINGTON AND COLUMBIA COUNTIES, PROVIDING HOMES TO MORE THAN 2,500 PEOPLE. 0 0 5798906 4409463 BIENESTAR OWNS AND OPERATES AFFORDABLE MULTIFAMILY HOUSING FOR FAMILIES EARNING 60% OR LESS OF AREA MEDIAN INCOME. IN 2023 BIENESTAR COMPLETED LEASE-UP FOR ITS NEWEST AND LARGEST PROPERTY, 150-UNIT NUEVA ESPERANZA IN HILLSBORO. CONSTRUCTION ALSO CONTINUED ON PLAZA LOS AMIGOS, A 113-UNIT DEVELOPMENT IN CORNELIUS, DUE TO BE COMPLETED IN 2024. 736401 975301 BIENESTAR'S SUPPORTIVE HOUSING SERVICES TEAM WORKS DILIGENTLY ON PREVENTION, INTERVENTION, RESTORATION, AND STABILIZATION FOR OUR COMMUNITY MEMBERS WHO ARE HOUSELESS, AT-RISK OF BECOMING HOMELESS, OR FACING HOUSING INSTABILITY. USING A TRAUMA INFORMED LENS, WE PROVIDE ACCESS TO SUPPORTIVE WRAPAROUND SERVICES, HOUSING, EMPLOYMENT, AND EDUCATION SERVICES FOR UNDERSERVED AND MARGINALIZED POPULATIONS THROUGH A COMPREHENSIVE, COMMUNITY-BASED APPROACH. IN 2023, WE HELPED 271 HOUSEHOLDS ACCESS THE SERVICES THEY NEEDED TO HELP STABILIZE THEIR LIVING SITUATION. 629563 601213 BIENESTAR'S RESIDENT SERVICES TEAM HELPS MEET THE DIVERSE NEEDS OF THE FAMILIES LIVING IN OUR PROPERTIES. AT THE HEART OF THIS WORK IS OUR PROMOTORES PROGRAM, WHICH EMPOWERS RESIDENT LEADERS (CALLED PROMOTORES) TO SERVE AS LIAISONS BETWEEN THEIR NEIGHBORS AND BIENESTAR STAFF, HELPING TO IDENTIFY COMMUNITY NEEDS AND DELIVER PROGRAMS TO MEET THOSE NEEDS. ALONG WITH OUR 12 PROMOTORES, IN 2023 BIENESTAR LAUNCHED THE FIRST YOUTH PROMOTORES COHORT TO BUILD INTERGENERATIONAL BONDS AND PROVIDE YOUTH WITH LEADERSHIP DEVELOPMENT OPPORTUNITIES. WE ALSO PROVIDED ADVOCACY TRAINING TO SUPPORT OUR COMMUNITY'S ABILITY TO ADVOCATE TO PUBLIC LEADERS; WE ORGANIZED 2 SPANISH-LANGUAGE PUBLIC FORUMS DURING 2023 THAT ALLOWED 100+ RESIDENTS TO MAKE THEIR VOICES HEARD TO POLICYMAKERS. FINALLY, THE PROGRAM MET A WIDE ARRAY OF COMMUNITY NEEDS IN 2023, INCLUDING HELPING RESIDENTS ACCESS MORE THAN $60,000 IN RENT AND UTILITIES ASSISTANCE, DISTRIBUTING 100+ HOLIDAY FOOD BOXES, AND SERVING 500 YOUTH WITH SUMMER ENRICHMENT ACTIVITIES. PROVIDE ASSET MANAGEMENT SERVICES TO ENSURE FISCAL AND PHYSICAL COMPLIANCE AND HIGH QUALITY OF LIFE FOR ITS RESIDENTS. 7164870 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 51 0 1 30 1 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 0 OR X X X NATHAN TESKE 5034810529 448 S FIRST AVE SUITE 100 HILLSBORO OR 97123 NATHAN TESKE EXECUTIVE DIRECTOR 40.00 0.00 X 133750 0 0 ERICA CALDERON HOUSING DIRECTOR 40.00 0.00 X 109473 0 0 SARAH MOLL DIRECTOR OF FINANCE 32.00 0.00 X 54061 0 0 KEITH HOBSON FORMER DIRECTOR OF FINANCE 30.00 0.00 X 42180 0 0 SIEW Y WONG FORMER DIRECTOR OF FINANCE 40.00 0.00 X 13803 0 0 VICTOR SALDANHA PRESIDENT 2.00 0.00 X X 0 0 0 ALEJANDRO ORTEGA VICE PRESIDENT 2.00 0.00 X X 0 0 0 MARY NAVARETTE SECRETARY 2.00 0.00 X X 0 0 0 COLLIN TURNER TREASURER 2.00 0.00 X X 0 0 0 OLIVIA ALCAIRE BOARD MEMBER 1.00 0.00 X 0 0 0 DAVID CINTRON BOARD MEMBER 1.00 0.00 X 0 0 0 GRANT CORLISS BOARD MEMBER 1.00 0.00 X 0 0 0 CHERYL A HILBERT BOARD MEMBER 1.00 0.00 X 0 0 0 MARIA DE LA LUZ NINO BOARD MEMBER 1.00 0.00 X 0 0 0 CRISTIAN SALGADO BOARD MEMBER 1.00 0.00 X 0 0 0 MARIA GOMEZ BOARD MEMBER 1.00 0.00 X 0 0 0 353267 0 0 2 1 0 0 0 59767 2983691 468511 3511969 RENTAL INCOME 531110 4823346 4823346 DEVELOPER FEE INCOME 531110 1120752 1120752 RESIDENT SERVICES INCO 531110 41879 41879 5985977 226205 226205 0 59767 0 0 OTHER MISC REVENUE 531110 165755 165755 GAIN ON INVESTMENT 531110 89909 89909 255664 9979815 5985977 0 481869 353267 182146 162253 8868 1943584 1655614 268443 19527 225795 225795 225481 225481 379741 379741 237100 218080 19020 22566 22566 27531 27531 13612 13612 505713 341553 115500 48660 2084193 2067023 17170 1466431 1466431 11955 11955 SPECIFIC ASSISTANCE TO 263578 263578 ADMINSTRATIVE EXPENSES 37644 37644 DEVELOPER FEE EXPENSE 33240 33240 AMORTIZATION OF RIGHT O 32390 32390 15446 15446 7879267 7164870 637342 77055 2802441 2001700 2054842 4592177 292722 542090 200079 174744 7936535 8333725 56614 129857 51536515 29792103 23068000 21744412 69234 56261 7306678 8308593 43787145 45883559 341387 290982 11264777 10977809 1673305 2006544 13279469 13275335 X 30043800 31308173 463876 1300051 30507676 32608224 43787145 45883559 2100548 0 X 0 1 X 1 1 1 X 2411645 3699059 2868625 5624098 3511969 18115396 2411645 3699059 2868625 5624098 3511969 18115396 18115396 66183 68592 989 110068 226205 472037 123683 265512 255664 644859 19232292 17997639 0.94190 0.95720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3715915 3715915 47820600 29792103 18028497 21744412 RESTRICTED CASH 4700407 DEVELOPER FEE 3487347 PREDEVELOPMENT COSTS RECEIVABLE 101625 RIGHT TO USE ASSET 19214 8308593 PREPAID RENTS 439854 ACCRUED INTEREST 1229847 SECURITY DEPOSITS 319674 INVESTMENT IN TAX CREDIT LIMITED PA 83 LEASE LIABILITY 17086 2006544 X PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS ARE SUBJECT TO EXAMINATION FROM THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY. GENERAL FUNDRAISER 59767 59767 59767 59767 0 0 0 0 0 0 0 0 0 KEITH HOBSON FORMER DIRECTOR OF FINANCE 42180 0 0 0 0 0 0 0 0 0 42180 0 0 0 SIEW Y WONG FORMER DIRECTOR OF FINANCE 13803 0 0 0 0 0 0 0 0 0 13803 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY AN APPROPRIATE BOARD MEMBER BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C MONITORED AND ENFORCED BY THE BOARD OF DIRECTORS AND THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED AND APPROVED ANNUALLY BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST. PROYECTO ADELANTES FAMILIAS LLC PO BOX 665 HILLSBORO OR 97123 272358064 GENERAL PARTNER IN HOUSING LIMITED PARTNERSHIPS OR N/A MONTEBELLO BIENESTAR APARTMENTS LTD PS PO BOX 665 HILLSBORO OR 97123 834549222 OR N/A -32 724568 0 1 0.00010 NUEVA ESPERANZA LIMITED PARTNERSHIP 448 S FIRST AVE 100 HILLSBORO OR 97123 873090742 OR N/A -317 6892760 0 1 0.00010 PLAZA LOS AMIGOS LIMITED PARTNERSHIP 448 S FIRST AVE 100 HILLSBORO OR 97123 OR N/A 0 1 0.00010 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MONTEBELLO BIENESTAR APARTMENTS LTD PS D 5061670 MARKET VALUE NUEVA ESPERANZA LIMITED PARTNERSHIP D 2055900 MARKET VALUE PLAZA LOS AMIGOS LIMITED PARTNERSHIP D 4946580 MARKET VALUE