Nonprofit · EIN 93-0877440
INNOVATIVE HOUSING INC
Tax-exempt · PORTLAND, OR 97209
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $19,483,618 | $10,803,263 | $8,680,355 | $93,688,358 | $38,575,610 | $55,112,748 |
| June 30, 2024 | 990 (amended) | $10,368,755 | $8,866,773 | $1,501,982 | $83,639,675 | $37,301,538 | $46,338,137 |
| June 30, 2023 | 990 | $14,383,837 | $9,189,906 | $5,193,931 | $77,438,092 | $32,038,671 | $45,399,421 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $7,500,302
- of which government grants
- $6,743,469
- Program service revenue
- $10,263,917
- Investment income
- $793,765
- Other revenue
- $925,634
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $299,762
- Other salaries and wages
- $1,292,138
- Salaries, compensation and benefits (total)
- $1,902,464
- Professional fundraising fees
- $0
- Legal fees
- $128
- Accounting fees
- $72,966
- Occupancy
- $980,317
- Depreciation
- $1,094,693
- Program services (functional)
- $10,284,804
- Management and general (functional)
- $505,487
- Fundraising (functional)
- $12,972
Balance sheet and other
- Total assets, start of year
- $83,639,675
- Total assets, end of year
- $93,688,358
- Total liabilities, end of year
- $38,575,610
- Net assets, end of year
- $55,112,748
- Land, buildings and equipment
- $21,804,986
- Net assets without donor restrictions
- $44,128,479
- Net assets with donor restrictions
- $10,984,269
- Gross receipts
- $19,483,618
- Employees
- 28
- Volunteers
- 5
- Year formed
- 1984
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SARAH STEVENSON | EXECUTIVE DI Officer | 40 | $166,988 | $19,219 |
| JONI-MARIE HARTMANN | DIR OF HOUSI Highest-paid employee | 40 | $137,323 | $12,075 |
| JULIE GARVER | SR. HOUSING Highest-paid employee | 40 | $117,738 | $17,844 |
| ERIK LISETH | SENIOR ASSET Highest-paid employee | 40 | $110,238 | $15,963 |
| AARON SILVERMAN | CONTROLLER Officer | 40 | $86,372 | $14,841 |
| JOSEPH HUGHES | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| RIAD SAHLI | SECRETARY/TR Trustee or director, Officer | 1 | $0 | $0 |
| LARRY BYERS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SHAWN MORGAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JASON HSU | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SARAH STEVENSON | EXECUTIVE DI Officer | 40 | $159,909 | $17,938 |
| JULIE GARVER | SENIOR DEVEL Highest-paid employee | 40 | $138,222 | $16,573 |
| LEAH COOPER | DIR. OF HOUS Highest-paid employee | 40 | $105,299 | $14,400 |
| JOSEPH HUGHES | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| RIAD SAHLI | SECRETARY/TR Trustee or director, Officer | 1 | $0 | $0 |
| LARRY BYERS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JASON HSU | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SHAWN MORGAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SARAH STEVENSON | EXECUTIVE DI Officer | 40 | $150,956 | $15,619 |
| JULIE GARVER | SR HOUSING D Highest-paid employee | 40 | $129,084 | $15,421 |
| DOMINIQUE MERRIWEATHER | DIRECTOR OF Officer | 40 | $96,907 | $13,590 |
| JOE HUGHES | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| RIAD SAHLI | SECRETARY/TR Trustee or director, Officer | 1 | $0 | $0 |
| LARRY BYERS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SHAWN MORGAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DARCY VINCENT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1200 NW NAITO PKWY STE 470, PORTLAND, OR 97209-2875
- Principal officer (990 for 2024)
- SARAH STEVENSON, 219 NW 2ND AVE, PORTLAND, OR 97209
- Signed the 990
- SARAH STEVENSON, EXECUTIVE DIRECTOR
- Phone
- (503) 226-4368
- Website
- WWW.INNOVATIVEHOUSINGINC.COM
- Return prepared by
- JONES & ROTH PC
Mission
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.
Program accomplishments
- PROPERTY OWNERSHIP - IN ADDITION TO MANAGING AFFORDABLE PROPERTIES OWNED BY UNAFFILIATED LP/LLCS, THE ORGANIZATION OWNS AFFORDABLE RENTAL UNITS AT MULTIPLE PORTLAND AREA PROPERTIES.Expenses $8,147,200 · revenue $6,655,621
- 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.Expenses $1,291,342 · revenue $285,925
- 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.Expenses $476,191 · revenue $3,900,984
- 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.Expenses $370,071 · revenue $113,973
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 93-0877440
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1985
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L21Z)
- Assets (IRS master file)
- $93,688,358
- Income (IRS master file)
- $19,483,618
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $19,483,618 | $10,803,263 | $93,688,358 | IRS |
| 990 | June 2024 | $10,368,755 | $8,866,773 | $83,639,675 | XML |
| 990 | June 2023 | $14,383,837 | $9,189,906 | $77,438,092 | XML |
| 990 | June 2022 | $7,538,206 | $6,383,041 | $64,094,123 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 93-0877440).
Questions about INNOVATIVE HOUSING INC
- What is the EIN of INNOVATIVE HOUSING INC?
- The employer identification number (EIN) of INNOVATIVE HOUSING INC is 93-0877440.
- Is INNOVATIVE HOUSING INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to INNOVATIVE HOUSING INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INNOVATIVE HOUSING 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 INNOVATIVE HOUSING INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INNOVATIVE HOUSING INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of INNOVATIVE HOUSING INC?
- The 990 for the year ended June 30, 2025 names SARAH STEVENSON.
- Who are the officers and directors of INNOVATIVE HOUSING INC?
- The 990 for the year ended June 30, 2025 lists 10 people; 5 received compensation from the organization, the highest $166,988 (SARAH STEVENSON, EXECUTIVE DI).
- How much revenue does INNOVATIVE HOUSING INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $19,483,618, expenses of $10,803,263 and total assets of $93,688,358 at year end.
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