Nonprofit · EIN 93-0813981
REACH COMMUNITY DEVELOPMENT INC
Tax-exempt · PORTLAND, OR 97239
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $36,222,279 | $30,170,914 | $6,051,365 | $119,966,904 | $93,481,095 | $26,485,809 |
| December 31, 2023 | 990 | $30,362,375 | $28,721,293 | $1,641,082 | $101,606,213 | $80,049,708 | $21,556,505 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,289,603
- of which government grants
- $2,576,349
- Program service revenue
- $23,271,379
- Investment income
- $8,642,493
- Net gain from sales of assets
- $7,946,929
- Other revenue
- $18,804
Expenses
- Grants and similar amounts paid
- $2,000
- Compensation of officers, directors and key employees
- $478,491
- Other salaries and wages
- $10,289,898
- Salaries, compensation and benefits (total)
- $13,513,245
- Professional fundraising fees
- $0
- Legal fees
- $207,080
- Accounting fees
- $249,655
- Occupancy
- $7,440,931
- Travel
- $5,934
- Depreciation
- $1,820,079
- Program services (functional)
- $26,934,545
- Management and general (functional)
- $2,970,466
- Fundraising (functional)
- $265,903
Balance sheet and other
- Total assets, start of year
- $101,606,213
- Total assets, end of year
- $119,966,904
- Total liabilities, end of year
- $93,481,095
- Net assets, end of year
- $26,485,809
- Land, buildings and equipment
- $36,903,428
- Net assets without donor restrictions
- $20,912,965
- Net assets with donor restrictions
- $5,572,844
- Gross receipts
- $36,222,279
- Employees
- 202
- Volunteers
- 12
- Year formed
- 1982
- State of legal domicile
- OR
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARGARET SALAZAR | PRESIDENT & CEO Officer | 40 | $218,664 | $45,693 |
| TEKLE BUSHEN | CHIEF FINANCIAL OFFICER Officer | 40 | $193,661 | $20,473 |
| BRIAN BIELER | SENIOR ADVISOR FOR PORTFOLIO RESTRUCTURING Highest-paid employee | 40 | $118,697 | $65,149 |
| ERICA TUCKER | DIRECTOR OF PEOPLE ENGAGEMENT Highest-paid employee | 40 | $126,201 | $37,824 |
| MUSTAFA ABDULBAQI | DIRECTOR OF IT Highest-paid employee | 40 | $129,267 | $34,179 |
| DANIEL MONTGOMERY | DIRECTOR OF PROPERTY MGMT Highest-paid employee | 40 | $118,941 | $35,224 |
| KATHLEEN MERTZ | HEAD OF REAL ESTATE Highest-paid employee | 40 | $125,098 | $23,390 |
| JOHN CARDENAS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ALMA FLORES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TEJAN CONTEH | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CELIA SMOOT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER SOHLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| EDWARD KNIGHTLY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAMIE BECKLAND | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JILL LAM | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JIM LODWICK | BOARD MEMBER Trustee or director | 1 | $0 |
| SEAN EDWARDS | BOARD MEMBER Trustee or director | 1 | $0 |
| SAMUEL STUCKEY | BOARD MEMBER Trustee or director | 1 | $0 |
| PAUL CUMMINGS | TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DANIEL VALLIERE | PRESIDENT & CEO (UNTIL OCT. 2023) Officer | 40 | $176,403 | $27,042 |
| MUSTAFA S ABDULBAQI | SENIOR IT MANAGER Highest-paid employee | 40 | $137,511 | $28,938 |
| BRIAN BIELER | SENIOR ADVISOR FOR PORTFOLIO RESTRUCTURING Highest-paid employee | 40 | $102,460 | $59,757 |
| TEKLE BUSHEN | CHIEF FINANCIAL OFFICER Officer | 40 | $145,966 | $10,769 |
| DANIEL MONTGOMERY | DIRECTOR OF PROPERTY MGMT Highest-paid employee | 40 | $117,420 | $32,940 |
| ERICA TUCKER | SENIOR ADVISOR FOR EQUITY & RACIAL JUSTICE Highest-paid employee | 40 | $111,460 | $29,638 |
| PETER CLEMENTS | SENIOR HOUSING DEVELOPMENT PROJECT MANAGER Highest-paid employee | 40 | $123,332 | $15,628 |
| MARGARET SALAZAR | PRESIDENT & CEO (AS OF OCT. 2023) Officer | 40 | $29,276 | $2,579 |
| ALEXANDER MCPHERSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BEN WERNER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHERANDA CURTIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CLARA JOHNSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CRIS SOHLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAVID SACAMANO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DEBBIE BURKE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| EDWARD KNIGHTLY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAMIE BECKLAND | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JILL LAM | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JIM LODWICK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PAUL CUMMINGS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SAM STUCKEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SAMM MCCRARY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TEJAN CONTEH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| WHIT SPENCER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4150 S MOODY AVE, PORTLAND, OR 97239-4417
- Principal officer (990 for 2024)
- MARGARET SALAZAR, 4150 S MOODY AVENUE, PORTLAND, OR 97239
- Signed the 990
- MEI LEE, CFO
- Phone
- (503) 231-0682
- Website
- WWW.REACHCDC.ORG
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
REACH DEVELOPS AND MANAGES QUALITY AFFORDABLE APARTMENT HOMES AND PROVIDES OPPORTUNITIES FOR INDIVIDUALS, FAMILIES AND COMMUNITIES TO THRIVE THROUGH SUPPORTIVE PROGRAMS. REACH SERVES THE PORTLAND METROPOLITAN AND SW WASHINGTON REGION.
Program accomplishments
- PROPERTY OPERATIONS AND MANAGEMENT - REACH AND AFFILIATED ENTITIES OWN AND MANAGE MORE THAN 2,731 UNITS OF AFFORDABLE RENTAL HOUSING IN THE PORTLAND, OREGON METROPOLITAN REGION AND SOUTHWEST WASHINGTON. THESE UNITS ARE IN APARTMENTS, PLEXES AND SINGLE-FAMILY HOUSES, AND ARE ONLY AVAILABLE TO HOUSEHOLDS UNDER CERTAIN INCOME LIMITS. REACH AND AFFILIATED ENTITIES ALSO OWN AND MANAGE 87,458 COMMERCIAL SQUARE FOOTAGE.Expenses $25,119,201 · grants $2,000 · revenue $23,276,078
- HOME REPAIR PROGRAM: THE COMMUNITY BUILDERS PROGRAM PROVIDES FREE HOME REPAIRS FOR LOW-INCOME ELDERLY AND/OR DISABLED HOMEOWNERS TO AGE IN PLACE AND HELP MAINTAIN HOUSING STABILITY. THIS INCLUDES PROVIDING ACCESSIBILITY AND SAFETY UPGRADES, SUCH AS WHEELCHAIR RAMPS, GRAB BARS, AND SMOKE DETECTORS. REACH SERVES APPROXIMATELY 200 HOUSEHOLDS ANNUALLY, UTILIZING SEVERAL HUNDRED VOLUNTEERS, DONATED MATERIALS AND CONTRACTED LABOR.Expenses $900,255
- RESIDENT SERVICES: THE RESIDENT SERVICES PROGRAM SUPPORTS FAMILIES AND INDIVIDUALS LIVING IN REACH AND AFFILIATED ENTITIES HOUSING AS THEY IMPROVE THE SOCIAL, ECONOMIC, AND ENVIRONMENTAL CONDITIONS AFFECTING THEIR LIVES. THE PROGRAM OFFERS BETTER ACCESS TO COMMUNITY SERVICES, SKILL BUILDING WORKSHOPS, A RESIDENT NEWSLETTER, AND ACTIVITIES FOR YOUNG AND ADULT RESIDENTS.Expenses $915,089
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 93-0813981
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1982
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L200)
- Assets (IRS master file)
- $119,966,904
- Income (IRS master file)
- $36,222,279
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $36,222,279 | $30,170,914 | $119,966,904 | IRS |
| 990 | December 2023 | $30,362,375 | $28,721,293 | $101,606,213 | XML |
| 990 | December 2022 | $25,254,357 | $29,396,247 | $93,233,425 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 93-0813981).
Questions about REACH COMMUNITY DEVELOPMENT INC
- What is the EIN of REACH COMMUNITY DEVELOPMENT INC?
- The employer identification number (EIN) of REACH COMMUNITY DEVELOPMENT INC is 93-0813981.
- Is REACH COMMUNITY DEVELOPMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
- Are donations to REACH COMMUNITY DEVELOPMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does REACH COMMUNITY DEVELOPMENT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of REACH COMMUNITY DEVELOPMENT INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did REACH COMMUNITY DEVELOPMENT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of REACH COMMUNITY DEVELOPMENT INC?
- The 990 for the year ended December 31, 2024 names MARGARET SALAZAR.
- Who are the officers and directors of REACH COMMUNITY DEVELOPMENT INC?
- The 990 for the year ended December 31, 2024 lists 19 people; 7 received compensation from the organization, the highest $218,664 (MARGARET SALAZAR, PRESIDENT & CEO).
- How much revenue does REACH COMMUNITY DEVELOPMENT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $36,222,279, expenses of $30,170,914 and total assets of $119,966,904 at year end.
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