Innovative Housing
Innovative Housing reported $19.5 million in revenue and $10.8 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $95.20 went to program services, $4.68 to management and general costs and $0.12 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 52.7% of the total. Government grants made up 34.6%. The highest compensation it reported for one person was $186,207 (EXECUTIVE DI). 4 people received more than $100,000 in reportable compensation. Revenue rose 74% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $11MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $19MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 95.2% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 4.7% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.1% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 38.5% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 34.6% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 52.7% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $186,207 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.72% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 4 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 61.2 | 10.0 |
| Independent voting board members Part VI 1a–1b | 5 of 5 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseProperty ownership - in addition to managing affordable properties owned by unaffiliated lp/llcs, the organization owns affordable rental units at multiple portland area properties
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
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
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EXECUTIVE DI Officer, 40.00 hrs/week | $166,988 | $0 | $19,219 | $186,207 |
| DIR OF HOUSI Highest compensated employee, 40.00 hrs/week | $137,323 | $0 | $12,075 | $149,398 |
| SR. HOUSING Highest compensated employee, 40.00 hrs/week | $117,738 | $0 | $17,844 | $135,582 |
| SENIOR ASSET Highest compensated employee, 40.00 hrs/week | $110,238 | $0 | $15,963 | $126,201 |
| CONTROLLER Officer, 40.00 hrs/week | $86,372 | $0 | $14,841 | $101,213 |
4 people received more than $100,000 in reportable compensation from Innovative Housing (Part VII, line 2). Compensation of current officers, directors and key employees totaled $300K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b5 · 5 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 528
- Volunteers Part I, line 65
Private foundation grants it received
1 private foundation reported grants to Innovative Housing totaling $26 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Innovative Housing's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Innovative Housing, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Innovative Housing spent in FY2025, $95.20 went to programs. The full breakdown, from its IRS Form 990:
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All housing & shelter charities · Largest charities in Oregon
Questions people ask
How much of Innovative Housing's spending goes to programs?
In the fiscal year ending June 30, 2025, Innovative Housing reported that 95.2% of its $10.8 million in expenses went to program services, 4.7% to management and general and 0.1% to fundraising (Form 990, Part IX).
How much does Innovative Housing pay its top executive?
The largest total compensation Innovative Housing reported for one person in the fiscal year ending June 30, 2025 was $186,207, for the role of EXECUTIVE DI (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Innovative Housing get its money?
Of $19.5 million in revenue in the fiscal year ending June 30, 2025, 38.5% came from contributions and grants (including 34.6% from government grants) and 52.7% from program service revenue (Form 990, Part VIII).
Is Innovative Housing a registered charity?
The IRS lists EIN 93-0877440 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202641359349307959 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024 (amended), object 202642589349301299 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401369349315280 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311359349316326 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202201379349301140 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101379349308110 · read the filing
All filings for EIN 93-0877440: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.