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Portland Community Reinvestment Initiatives Inc

EIN 93-1059146 · Portland, OR

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

LegitimacyPassesRegistration and standingFinancial healthWeak34 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

PRESERVE, EXPAND, AND MANAGE AFFORDABLE HOUSING IN THE CITY OF PORTLAND AND PROVIDE ACCESS TO AND ADVOCACY SERVICES FOR OUR RESIDENTS. CONTINUED ON SCHEDULE O.TO SERVE THE REGION AS AN ADVOCATE FOR LOW-INCOME HOUSING, AS WELL AS LOW-INCOME PROPERTY MANAGER, COMMUNITY DEVELOPER, AND CATALYST FOR USEFUL AND INNOVATIVE COMMUNITY DEVELOPMENT INITIATIVES THAT SUPPORT LOWER INCOME RESIDENTS LIVING PRIMARILY IN NORTHEAST PORTLAND NEIGHBORHOODS.PCRI WILL PRESERVE AND MANAGE AFFORDABLE, HIGH QUALITY, SCATTERED SITE, SINGLE FAMILY HOMES; EXPAND AND MANAGE OUR PORTFOLIO OF SMALL MULTIPLEXES; AND ACQUIRE/DEVELOP MULTI-FAMILY HOUSING TO PRESERVE AFFORDABLE HOUSING CHOICES IN OUR COMMUNITY.

Income
$7.5 million
Spending
$7.9 million
Spent on programs
79%
Reserves
-3.2 months of spending
Largest source of income
fees for its services, 67%
Employees
33
Volunteers
0
Highest pay
$238,917, executive director

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 34 out of 100.

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    10 of 20

    It owes 38% of what it owns.

  • Living within its means

    4 of 15

    Spending exceeded income by 5% of income.

  • Income trend

    5 of 15

    Income fell 11% on the year before.

  • Spending floor

    15 of 15

    79% of spending went to programs and raising each dollar of donations cost 7 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100.

  • Independent board

    25 of 25

    7 of 7 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a 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 December 31, 2024, 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 (3)
  1. $4.6 million spent. PROPERTY MANAGEMENT - PROPERTY MANAGEMENT REPRESENTS THAT PART OF THE ORGANIZATION RESPONSIBLE FOR MAINTAINING THE INTEGRITY OF THE ORGANIZATION'S PHYSICAL ASSETS AND THE DAY-TO-DAY MANAGEMENT OF RENTAL OPERATIONS. ACTIVITIES INCLUDE THE PROCESSING OF APPLICATIONS FOR HOUSING, LEASING AVAILABLE UNITS, COLLECTION OF RENT, AND MONITORING COURT PROCESSES RELATING TO LEASE VIOLATIONS. PROPERTY MANAGEMENT ALSO OVERSEES THE PHYSICAL MAINTENANCE OF PORTLAND COMMUNITY REINVESTMENT INITIATIVES' ("PCRI") PROPERTIES. THIS INCLUDES REFURBISHMENT OF VACANT UNITS AND EMERGENCY, ROUTINE, AND PREVENTATIVE MAINTENANCE.
  2. $1.4 million spent. SUPPORTIVE PROGRAMS - PCRI'S SUPPORTIVE PROGRAMS PROVIDE A FULL ARRAY OF CULTURALLY-SPECIFIC SERVICES TO RESIDENTS. OVER THE COURSE OF OUR 20 PLUS-YEAR HISTORY, PCRI HAS ESTABLISHED THOUSANDS OF FAMILIES BY PROVIDING THEM WITH AFFORDABLE RENTAL HOUSING AND ASSET BUILDING PROGRAMS AND SERVICES. HOMEBUYER EDUCATION AND COUNSELING - THIS PROGRAM PROVIDES HOMEBUYER COUNSELING AND EDUCATION TO LOW- TO MODERATE-INCOME, FIRST-TIME HOMEBUYER OUR COMPREHENSIVE PROGRAM INCLUDES INDIVIDUAL COUNSELING, FINANCIAL EDUCATION, PEER HOMEBUYER CLUB MEETINGS, DOWN PAYMENT OR CLOSING COST ASSISTANCE, AND HUD-CERTIFIED HOMEBUYER EDUCATION. SERVICES ARE DELIVERED IN BOTH ONE-ON-ONE AND GROUP SETTINGS.HOMEOWNERSHIP RETENTION - THIS PROGRAM PROVIDES AN ARRAY OF SERVICES TO HELP LOW- TO MODERATE-INCOME HOMEOWNERS AGED 55 AND OVER MAINTAIN OWNERSHIP. SERVICES INCLUDE POST-PURCHASE COUNSELING, LOSS MITIGATION COUNSELING, INFORMATION AND REFERRALS, FINANCIAL EDUCATION, TAX-DEFERMENT ASSISTANCE, AND URGENT HOME REPAIRS. WE ALSO OFFER A WIDE ARRAY OF CLASSES AND WORKSHOP ON TOPICS SUCH AS PREVENTATIVE MAINTENANCE, ELDER FRAUD, AND ESTATE PLANNING.FINANCIAL EDUCATION - THIS PROGRAM IS DESIGNED TO HELP PARTICIPANTS MANAGE THEIR PERSONAL FINANCES EFFECTIVELY AND MAKE WISE FINANCIAL DECISIONS. OUR PROGRAM ASSISTS CLIENTS WITH ESTABLISHING PERSONAL BUDGETS, EVALUATING DEBT LOADS, SETTING FINANCIAL GOALS, AND DEVELOPING A PLAN OF ACTION. SERVICES ARE DELIVERED IN BOTH ONE-ON-ONE AND GROUP SETTINGS.INDIVIDUAL DEVELOPMENT ACCOUNTS (IDA) - IN PARTNERSHIP WITH CASA OF OREGON, PCRI RESIDENTS CAN PARTICIPATE IN A 3-TO-1 MATCHED SAVINGS PROGRAM DESIGNED TO HELP FAMILIES DEVELOP THE HABIT OF SAVING. SAVINGS GOALS CAN BE IN ONE OF FOUR AREAS: HOMEOWNERSHIP, HOME REPAIR, SMALL BUSINESS DEVELOPMENT, OR EDUCATION.CAREER DEVELOPMENT - OUR CAREER DEVELOPMENT PROGRAM PROVIDES ASSISTANCE WITH JOB SEARCHING, RESUME WRITING, AND INTERVIEW PREPARATION. WE OFFER CLASSES AND WORKSHOPS IN ENGLISH LANGUAGE LEARNING, BASIC COMPUTER SKILLS, FINANCIAL EDUCATION, AND SOFT SKILLS FOR THE WORKPLACE. WE ALSO OFFER SOME TRANSPORTATION ASSISTANCE AND CHILDCARE DURING INTERVIEWS. SERVICES ARE DELIVERED IN BOTH ONE-ON-ONE AND GROUP SETTINGS.YOUTH DEVELOPMENT - OUR YOUTH PROGRAM OFFERS EDUCATIONAL AND ARTS ENRICHMENT ACTIVITIES TO K-12 YOUTH. ACTIVITIES INCLUDE AFTER-SCHOOL TUTORING, SUMMER ARTS AND HEALTH CAMPS, COMMUNITY GARDENING AND NUTRITION CLASSES, YOUTH FINANCIAL EDUCATION WORKSHOPS, SUMMER INTERNSHIPS, AND MANY OTHER SUPPLEMENTAL ACTIVITIES FOR YOUTH AND FAMILIES.THE PROGRAMS DEPARTMENT HAS BEEN VERY SUCCESSFUL IN HELPING FULFILL THE PCRI VISION OF PROVIDING AFFORDABLE HOUSING AND ASSOCIATED SERVICES THAT ACHIEVE FAMILY STABILITY, SELF-SUFFICIENCY, AND RESIDENT WEALTH CREATION.
  3. $132,890 spent. HOUSING DEVELOPMENT - HOUSING DEVELOPMENT REPRESENTS THE ADMINISTRATION AND MANAGEMENT OF ALL NEW CONSTRUCTION PROJECTS FOR PCRI ACTIVITIES INCLUDING FEASABILITY ANALYSES OF POTENTIAL DEVELOPMENT PROJECTS, PRODUCTION AND ASSEMBLY OF FUNDING APPLICATIONS, SELECTION AND COORDINATION OF DEVELOPMENT TEAM MEMBERS, ADMINISTRATION OF CONSTRUCTION DRAWS, AND THE PROVISION OF DUE DILIGENCE DOCUMENTATION FOR LENDERS AND FUNDERS.

Source: Form 990 for the year ending December 31, 2024, 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 November 6, 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 December 2024.

    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 September 1996.

    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 November 4, 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.