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Innovative Housing Inc

EIN 93-0877440 · Portland, OR

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong90 out of 100GovernanceStrong92 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

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.

Income
$19.5 million
Spending
$10.8 million
Spent on programs
95%
Reserves
24.8 months of spending
Largest source of income
fees for its services, 53%
Employees
28
Volunteers
5
Highest pay
$186,207, executive di

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 90 out of 100. Higher than 85% of charities in its peer group (housing, $10m to $100m).

  • Reserves

    35 of 35

    Spendable reserves would cover 24.8 months of spending.

  • Debt

    10 of 20

    It owes 41% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 45% of income.

  • Income trend

    15 of 15

    Income rose 88% on the year before.

  • Spending floor

    15 of 15

    95% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 92 out of 100. Higher than 30% of charities in its peer group (housing, $10m to $100m).

  • Independent board

    25 of 25

    5 of 5 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (5)
  1. $8.1 million spent. PROPERTY OWNERSHIP - IN ADDITION TO MANAGING AFFORDABLE PROPERTIES OWNED BY UNAFFILIATED LP/LLCS, THE ORGANIZATION OWNS AFFORDABLE RENTAL UNITS AT MULTIPLE PORTLAND AREA PROPERTIES.
  2. $1.3 million spent. 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.
  3. $476,191 spent. 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.
  4. $370,071 spent. 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.
  5. 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.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since December 1985.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.