2020-05-15T16:30:01-05:00 2019-06-30 930900579 MCDONALD JACOBS PC 520 SW YAMHILL ST STE 500 PORTLAND OR 97204 990 2018-07-01 800516996 INNOVATIVE CHANGES INNO 5032495205 2027 LLOYD CENTER PORTLAND OR 97232 PETER HAINLEY EXECUTIVE DIRECTOR 5032495205 2020-05-15 1 SANG AHN P00540880 5032270581 50.204.228.78 2020-05-15 13:56:47 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 2018 2020-11-06 18:47:13Z PETER HAINLEY 2027 LLOYD CENTER PORTLAND OR 97232 156392 0 X WWW.INNOVATIVECHANGES.ORG X 2009 OR INNOVATIVE CHANGES HELPS PEOPLE BUILD THEIR LONG TERM FINANCIAL HEALTH. 5 5 0 27 0 0 172765 56248 50297 98140 1 3 875 2001 223938 156392 0 0 0 0 50113 0 0 0 13227 253483 264975 303596 264975 -79658 -108583 437626 517718 397861 586859 39765 -69141 X OUR MISSION IS TO HELP PEOPLE BUILD THEIR LONG-TERM FINANCIAL HEALTH. OUR VISION IS A SOCIETY WHERE ALL PEOPLE HAVE ACCESS TO SAFE, AFFORDABLE FINANCIAL PRODUCTS AND SERVICES AND THE ABILITY TO USE THEM WELL. OUR GUIDING PRINCIPLES WORK TO ADVANCE ECONOMIC JUSTICE FOR THOSE DISENFRANCHISED AND EXCLUDED BY THE MAINSTREAM FINANCIAL SERVICES SECTOR, CELEBRATE THE DIVERSE CULTURES OF OUR COMMUNITIES BY IMPLEMENTING CULTURALLY RESPONSIVE PROGRAMMING AND WE COMMIT TO BUILDING A STRONG, FINANCIALLY SUSTAINABLE ORGANIZATION. 0 0 114582 0 42081 LENDING - INNOVATIVE CHANGES PROVIDES RESPONSIBLE SMALL-DOLLAR CONSUMER LOANS TO HELP BORROWERS WHO ARE EXPERIENCING FINANCIAL EMERGENCIES, HOUSING CHOICE VOUCHER HOLDERS NEEDING SECURITY DEPOSITS, AND THOSE PREPARING FOR ASSET BUILDING OPPORTUNITIES. SINCE OUR INCEPTION IN EARLY 2010 THROUGH FISCAL YEAR 2019 WE ORIGINATED 1239 SMALL DOLLAR LOANS, INCLUDING 499 OPPORTUNITY AND PUBLIC LOANS, 604 CREDIT BUILDER LOANS, 29 EMERGENCY LOANS, 20 LOANS FOR SURVIVORS OF DOMESTIC VIOLENCE, 7 LOANS FOR ADAPTIVE TECHNOLOGY, AND 80 LOANS FOR MOVING COSTS FOR SECTION 8 HOUSING CHOICE VOUCHER HOLDERS. 105864 0 56059 FINANCIAL EDUCATION - INNOVATIVE CHANGES PROVIDES PRACTICAL, COMPREHENSIVE, ONE-ON-ONE COACHING, FINANCIAL EDUCATION, ASSET BUILDING AND CREDIT BUILDING WORKSHOPS THAT ADDRESS COMMON ROOT CAUSES OF FINANCIAL CHALLENGES AND TEACH BASIC HOUSEHOLD FINANCIAL MANAGEMENT. OF THE TOTAL PEOPLE SERVED IN 2018, WE BRANCHED OUT TO PROVIDE FINANCIAL EDUCATION AND CREDIT BUILDING FOR 56 ADULTS IN CUSTODY AT OREGON STATE PENITENTIARY. THE TARGET POPULATION WAS ADULTS IN CUSTODY WITH A MAXIMUM OF 36 MONTHS LEFT ON THEIR SENTENCE. IN THE WORKSHOP 50% REPORTED THEIR KNOWLEDGE/SKILL LEVEL OF THE SUBJECT MATTER(S) INCREASED AFTER THE WORKSHOP.OUR EXISTING 50 INNOVATIVE CHANGES' PARTNERS REGULARLY REFER CLIENTS TO OUR COACHING PROGRAM. OUR PARTNERS ARE AWARE OF THE SERVICE WE CAN PROVIDE AND HAVE TAKEN ADVANTAGE OF OUR FREE PROGRAM. IN 2018 WE HAD 15 POTENTIAL CLIENTS INQUIRE EACH MONTH FOR OUR COACHING SERVICES. INNOVATIVE CHANGES CAN OFFER FREE COACHING TO SO MANY MORE PEOPLE IN THE PORTLAND AREA, WE ARE ABLE TO MORE WIDELY PUBLICIZE OUR PROGRAM AND ENSURE ALL CLIENTS WHO COME TO US FOR OUR OTHER PRODUCTS AND SERVICES ALSO KNOW THAT WE OFFER FREE FINANCIAL COACHING.WE PARTNERED WITH CASH OREGON, A FREE TAX SITE, TO DIRECT TAX PAYERS TO THE ADDITIONAL RESOURCES AND SERVICES OUR ORGANIZATION CAN PROVIDE. WE CREATED A "MONEY MENU" LISTING OUR SERVICES WHICH WAS INCLUDED ON THE INTAKE CLIPBOARD FOR ALL TAXPAYERS. WE WERE ABLE TO TALK DIRECTLY AND OVER THE PHONE AND EMAIL WITH HUNDREDS OF PEOPLE IN THE COMMUNITY TO LINK THEM TO OUR COACHING PROGRAM AND OUR RESOURCES. WE RECRUITED AND TRAINED 27 VOLUNTEER FINANCIAL COACHES' TO HELP CLIENTS WITH SET GOALS TO ACHIEVE THEIR OWN SELF DETERMINED FINANCIAL WELL-BEING. 0 0 0 CREDIT BUILDING - INNOVATIVE CHANGES HELPED OVER 604 CLIENTS TAKE CONTROL OF THEIR CREDIT AND BUILD STRONG CREDIT SCORES TO INCREASE THEIR ACCESS TO WELL-PRICED ASSET-BUILDING CREDIT, SUCH AS HOME MORTGAGES, SMALL BUSINESS LOANS AND HIGHER EDUCATION LOANS. OUR COACHING AND CREDIT BUILDER LOANS HELP PEOPLE WITH NO CREDIT SCORE ESTABLISH A SOLID BASIS FOR RESPONSIBLE BORROWING. 220446 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 OR X PETER HAINLEY 5032495205 2027 LLOYD CENTER PORTLAND OR 97232 X KEVORK ISIKBAY PRESIDENT 0.50 X X 0 0 0 STEVE PAGENSTECHER TREASURER 0.50 X X 0 0 0 SARAH CHENVEN SECRETARY 0.50 X X 0 0 0 JOSH SLEDGE DIRECTOR (BEG MAY18) 0.50 X 0 0 0 IAN GALLOWAY DIRECTOR (BEG MAY18) 0.50 X 0 0 0 PETER HAINLEY EXECUTIVE DIRECTOR 5.00 X 0 0 0 0 0 0 0 0 0 0 0 5000 33907 17341 56248 TRAINING CONTRACTS 522291 89333 89333 LOAN FEES AND INTEREST 522291 8807 8807 98140 3 3 2001 2001 2001 156392 100141 0 3 1229 1229 4850 4850 25100 25100 1063 1063 14800 12136 1776 888 1753 1753 37686 30903 4522 2261 2278 1868 273 137 CASA CONTRACT SERVICES 165009 135307 19801 9901 LENDING PROGRAM FEES 8084 8084 BAD DEBT 2458 2458 665 545 80 40 264975 220446 31302 13227 371838 417837 9996 9999 1114 61800 48421 21755 6257 6327 25466 25466 0 0 437626 517718 147651 223741 238156 176905 12054 186213 397861 586859 X -36522 -145428 25000 25000 51287 51287 39765 -69141 437626 517718 -108583 -323 0 X X 0 0 0 X 394473 339431 166842 172765 56248 1129759 394473 339431 166842 172765 56248 1129759 212560 917199 174 718 235 1 3 1131 2212 875 2001 5088 1135978 366986 0.80740 0.78300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10911 10911 0 14555 14555 0 0 LOAN SECURITY HOLDBACK 186213 186213 FORM 990, PART VI, SECTION A, LINE 1 CASA OF OREGON AND INNOVATIVE CHANGES ARE PARTNERS UNDER LETTER OF GOVERNANCE. FORM 990, PART VI, SECTION B, LINE 11B THE TREASURER AND THE EXECUTIVE DIRECTOR REVIEW IT BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS REVIEWED ANNUALLY WITH ALL MEMBERS OF THE BOARD OF DIRECTORS AND THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS FOR FINANCIAL STATEMENT OVERSIGHT HAS NOT CHANGED.