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Housing Development Center Inc

EIN 93-1116265 · Portland, OR

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

LegitimacyPassesRegistration and standingFinancial healthStrong96 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

CENTERING THOSE WHO HAVE BEEN HISTORICALLY OPPRESSED, HOUSING DEVELOPMENT CENTER, INC. COLLABORATES WITH ITS PARTNERS TO ENVISION, DEVELOP, AND SUSTAIN AFFORDABLE HOMES AND COMMUNITY PLACES.

Income
$4.2 million
Spending
$3.7 million
Spent on programs
83%
Reserves
15.4 months of spending
Largest source of income
fees for its services, 80%
Employees
23
Volunteers
7
Highest pay
$200,013, executive dir.

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: 96 out of 100. Higher than 89% of charities in its peer group (housing, $1m to $10m).

  • Reserves

    35 of 35

    Spendable reserves would cover 15.4 months of spending.

  • Debt

    16 of 20

    It owes 19% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 12% of income.

  • Income trend

    15 of 15

    Income rose 31% on the year before.

  • Spending floor

    15 of 15

    83% 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: 100 out of 100. Higher than 70% of charities in its peer group (housing, $1m to $10m).

  • 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 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 (4)
  1. $2.4 million spent. HOUSING AND FACILITIES DEVELOPMENTHDC'S HOUSING AND FACILITIES DEVELOPMENT TEAM WORKS WITH MISSION-DRIVEN ORGANIZATIONS TO FINANCE, BUILD, AND RENOVATE AFFORDABLE HOUSING AND COMMUNITY FACILITIES THAT SERVE PEOPLE WITH LOWER INCOMES. HDC ASSISTS WITH THE DEVELOPMENT OF ALL TYPES OF AFFORDABLE HOUSING, INCLUDING MULTIFAMILY RENTAL, HOMEOWNERSHIP, AND MIXED-USE DEVELOPMENTS. HDC ALSO ASSISTS WITH THE DEVELOPMENT OF HEALTHCARE, CHILDCARE, AND OTHER SERVICE FACILITIES. HDC'S DEVELOPMENT SERVICES SPAN ALL ASPECTS AND PHASES OF PROJECT DEVELOPMENT, FROM PLANNING AND PREDEVELOPMENT THROUGH FINANCIAL STRUCTURING AND CONSTRUCTION MANAGEMENT. HDC PROVIDES EXPERTISE IN ASSESSING AND MEETING COMPLIANCE OBLIGATIONS ASSOCIATED WITH SPECIALIZED AFFORDABLE HOUSING FINANCING PROGRAMS. IN ITS 30-YEAR HISTORY, HDC'S HOUSING & FACILITIES DEVELOPMENT PROGRAM HAS WORKED WITH MISSION-DRIVEN ORGANIZATIONS TO MANAGE OVER 200 DEVELOPMENT PROJECTS IN OREGON AND SOUTHWEST WASHINGTON. THESE PROJECTS HAVE RESULTED IN THE DEVELOPMENT OR PRESERVATION OF MORE THAN 8,000 COMPLETED HOUSING UNITS AND 350,000 COMPLETED SQUARE FEET OF COMMUNITY FACILITY AND COMMERCIAL SPACE. TOGETHER THESE PROJECTS REPRESENT OVER $1 BILLION IN TOTAL DEVELOPMENT COSTS.
  2. $568,370 spent. ASSET MANAGEMENTHDC'S ASSET MANAGEMENT TEAM GUIDES CLIENTS THROUGH THE CHALLENGES OF OWNING AND MANAGING AFFORDABLE HOUSING AND COMMUNITY FACILITIES OVER THE LONG TERM. HDC PROVIDES TECHNICAL ASSISTANCE AND TRAINING TO NONPROFIT ORGANIZATIONS, HOUSING AUTHORITIES, AND GOVERNMENT ENTITIES. HDC HAS HELPED PROJECT OWNERS ACROSS OREGON TO PRESERVE AND IMPROVE THE VIABILITY OF TENS OF THOUSANDS OF UNITS OF AFFORDABLE HOUSING, AS WELL AS TO IMPLEMENT ONGOING SYSTEMS FOR EFFECTIVE ASSET MANAGEMENT AND OVERSIGHT. HDC'S ASSET MANAGEMENT SERVICES INCLUDE PROPERTY AND PORTFOLIO ASSESSMENTS, PROPERTY AND PORTFOLIO REPOSITIONING, PROPERTY TRANSFERS, YEAR 15 EXITS, CAPITAL NEEDS ASSESSMENTS, RESERVE ANALYSES, SYSTEMS DEVELOPMENT, AND STAFF AND BOARD TRAINING.
  3. $57,286 spent. HDC COMMUNITY FUND. LLC HDC'S WHOLLY OWNED SUBSIDIARY, HDC COMMUNITY FUND, LLC (HDC COMMUNITY FUND), WAS FORMED IN AUGUST 2009. A CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI), HDC COMMUNITY FUND PROVIDES LOANS TO SUPPORT THE DEVELOPMENT AND PRESERVATION OF AFFORDABLE HOUSING AND COMMUNITY FACILITIES SERVING PEOPLE WITH LOWER INCOMES. HDC COMMUNITY FUND'S FLEXIBLE, LOW-INTEREST LOANS ADDRESS NEEDS THAT CONVENTIONAL LENDING PROGRAMS DON'T. THE LOANS TARGET EARLY PROJECT COSTS, SUCH AS FEASIBILITY ASSESSMENT, LAND ACQUISITION, AND PREDEVELOPMENT, AND THEY BRIDGE SHORT-TERM GAPS IN CONSTRUCTION FINANCING. TOTALING $9.98 MILLION TO DATE, HDC COMMUNITY FUND LOANS HAVE SUPPORTED THE CREATION OR PRESERVATION OF 1,663 UNITS OF AFFORDABLE HOUSING AND 57,085 SQUARE FEET OF SERVICE-FACILITY SPACE.
  4. $49,541 spent. POLICY AND INDUSTRY SUPPORT HDC BELIEVES IN MAKING THE AFFORDABLE HOUSING DELIVERY SYSTEM MORE EQUITABLE, SUSTAINABLE, COST EFFICIENT, AND RESPONSIVE TO THE PEOPLE WHO USE IT. HDC PROVIDES SUPPORT TO POLICY, INNOVATION, AND PEER LEARNING INITIATIVES TO ADVANCE THESE GOALS. HDC'S POLICY AND INDUSTRY SUPPORT WORK HAS ADDRESSED CHALLENGES SUCH AS INCREASING MINORITY CONTRACTOR PARTICIPATION IN AFFORDABLE HOUSING DEVELOPMENT, MODELING CREATIVE STRATEGIES TO LOWER AFFORDABLE HOUSING CAPITAL COSTS AND CLIMATE IMPACT, AND PLANNING FOR PUBLIC RESOURCES TO SUSTAIN EXISTING AFFORDABLE HOUSING STOCK.

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 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 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 May 1999.

    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.

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