2018-05-08T16:03:04-05:00 2017-06-30 930900579 McDonald Jacobs PC 520 SW Yamhill St Ste 500 Portland OR 97204 990 2016-07-01 931037330 NETWORK FOR OREGON AFFORDABLE HOUSING NETW 5032233211 1020 SW TAYLOR STREET No 585 PORTLAND OR 97205 WILLIAM A VAN VLIET EXECUTIVE DIRECTOR 5032233211 2018-05-07 1 Sang Ahn P00540880 5032270581 2016 2022-09-23 18:48:47Z WILLIAM A VAN VLIET 1020 SW TAYLOR STREET No 585 PORTLAND OR 97205 17698714 0 X www.noah-housing.org X 1990 OR NOAH STRENGTHENS COMMUNITIES THROUGH FLEXIBLE FINANCING, STRATEGIC PARTNERSHIPS, AND CREATIVE SOLUTIONS THAT BUILD AND PRESERVE AFFORDABLE HOUSING IN OREGON. 13 13 20 23 0 0 1246620 2201028 4553192 4727627 17280 811758 483579 63900 6300671 7804313 622502 100000 0 0 1124543 1302040 0 0 0 3806190 4045047 5553235 5447087 747436 2357226 133873441 131293295 122338246 117400874 11535195 13892421 X NOAH IS A CERTIFIED NONPROFIT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) THAT WAS ESTABLISHED TO INCREASE THE STATE'S SUPPLY OF AFFORDABLE HOUSING WHILE STRENGTHENING OREGON COMMUNITIES. NOAH STRENGTHENS COMMUNITIES THROUGH FLEXIBLE FINANCING, STRATEGIC PARTNERSHIPS, AND CREATIVE SOLUTIONS THAT BUILD AND PRESERVE AFFORDABLE HOUSING IN OREGON. NOAH OFFERS A VARIETY OF LOAN PRODUCTS TO SUPPORT THE ACQUISITION, RENOVATION AND CONSTRUCTION OF AFFORDABLE HOUSING PROPERTIES THAT PRIMARILY SERVE HOUSEHOLDS WHO EARN BELOW 60% OF THE AREA MEDIAN INCOME. THROUGH ITS SUBSIDIARY, MPOWER OREGON, NOAH FOCUSES ON STRATEGIES FOR SUSTAINABLE, AFFORDABLE HOUSING, SPECIFICALLY THROUGH COORDINATION AND FINANCING OF EFFICIENCY UPGRADES IN MULTI-FAMILY PROPERTIES. NOAH ALSO FACILITATES THE OREGON HOUSING PRESERVATION PROJECT, A STATEWIDE COLLABORATION OF PUBLIC AND PRIVATE STAKEHOLDERS DEDICATED TO PRESERVING OREGON'S AT-RISK, PUBLICLY SUBSIDIZED HOUSING. 0 0 3855109 5172330 PERMANENT LOAN PROGRAM:NOAH PROVIDES FINANCING AND TECHNICAL ASSISTANCE TO FACILITATE THE DEVELOPMENT OF AFFORDABLE HOUSING IN THE STATE OF OREGON. DURING FISCAL YEAR 2016/2017, EIGHT (8) PERMANENT LOANS WERE CLOSED.THE TOTAL DOLLAR VALUE OF THESE LOANS WAS $11,490,478 AND CREATED OR PRESERVED 358 UNITS OF HOUSING. 515551 7000 291936 PRESERVATION LOAN PROGRAM:THESE LOANS TARGET THE ACQUISITION AND PRESERVATION OF (1) FEDERALLY RENT-SUBSIDIZED UNITS THAT ARE AT RISK OF CONVERSION TO MARKET RATES, (2) MANUFACTURD HOME PARKS, AND (3) LAND IN DESIREABLE LOCATIONS TO PRESERVE FOR DEVELOPMENT OF AFFORDABLE HOUSING. DURING FISCAL YEAR 2016/2017, TWO MANUFACTURED HOME PARKS WERE PRESERVED AS AFFORDABLE. THE TOTAL DOLLAR VALUE OF THE LOANS FOR THE PARKS WAS $4,000,000 AND PRESERVED 183 UNITS OF HOUSING. THE TOTAL DOLLAR VALUE OF THE LAND PRESERVATION LOANS WAS $1,500,000; 22 UNITS OF AFFORDABLE HOMES FOR OWNERSHIP WILL BE DEVELOPED.CONTINUED ON SCHEDULE OPREDEVELOPMENT LOAN PROGRAM:THESE LOANS PROVIDE CAPITAL FOR BOTH LAND ACQUISITION AND PREDEVELOPMENT ACTIVITES. DURING FISCAL YEAR 2016/2017, TWO PREDEVELOPMENT LOANS WERE CLOSED. THE TOTAL DOLLAR VALUES OF THE LOANS WAS $1,500,000; 22 UNITS OF AFFORDABLE HOUSING WILL BE DEVELOPED. OTHER/GAP LOANS: THESE LOANS PROVIDE NOAH FLEXIBLE CAPITAL FOR LOANS NOT APPROPRIATE FOR BANK-SOURCE FUNDING. FOUR (4) OTHER/GAP LOANS WERE CLOSED DURING FISCAL YEAR 2016/2017. THE TOTAL DOLLAR VALUE OF THE LOANS WAS $2,907,000 AND 276 UNITS OF AFFORDABLE HOUSING WERE FINANCED. 401832 93000 119658 MPOWER OREGON:NOAH IS SOLE MEMBER OF MPOWER OREGON LLC. MPOWER OFFERS AN INTEGRATED SOLUTION FOR LOWERING ENERGY AND WATER EXPENSES AT EXISTING AFFORDABLE MULTIFAMILY PROPERTIES THROUGH LOANS AND GRANTS. MPOWER DELIVERS IMMEDIATE SAVINGS TO OWNERS AND OCCUPANTS THROUGH PROJECT MANAGEMENT OF BUILDING UPGRADES AND ONGOING TECHNICAL SUPPORT SERVICES. NOAH EARNS BOND AND LOAN SERVICING FEES. 4772492 1 1 0 1 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 21 0 20 1 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OR X WILLIAM A VAN VLIET 5032233211 1020 SW TAYLOR STREET SUITE 585 PORTLAND OR 97205 JOHN VAN LANDINGHAM BOARD MEMBER 0.50 X X 0 0 0 BRIAN STEWART BOARD MEMBER 0.50 X X 0 0 0 HOWARD WEINMAN BOARD MEMBER 0.50 X X 0 0 0 AUBRE DICKSON BOARD MEMBER 0.50 X 0 0 0 JOHN EPSTEIN BOARD MEMBER 0.50 X 0 0 0 DEAN GISVOLD BOARD MEMBER 0.50 X 0 0 0 PETER HAINLEY BOARD MEMBER 0.50 X 0 0 0 JAN LASKEY BOARD MEMBER 0.50 X 0 0 0 NICOLE WRIGHT BOARD MEMBER 0.50 X 0 0 0 ROBERT MURAVEZ BOARD MEMBER 0.50 X 0 0 0 MONIQUE BERTRAM BOARD MEMBER 0.50 X 0 0 0 JACKIE SCHAD BOARD MEMBER 0.50 X 0 0 0 JAVIER MENA BOARD MEMBER 0.50 X 0 0 0 WILLIAM A VAN VLIET EXECUTIVE DIRECTOR 38.00 2.00 X 173456 0 22173 DEBRA A WALSH CHIEF OPERATING OFFICER 40.00 X 117433 0 11479 HEATHER GRAHAM MANAGING DIRECTOR 1.00 40.00 X 0 139935 19870 JONI-MARIE A HARTMAN DEPUTY DIRECTOR 40.00 X 18238 0 3520 ANN GRAY DIRECTOR OF LENDING 40.00 X 102133 0 13656 411260 139935 70698 3 0 1 0 US BANK 110 SW FIFTH AVENUE PORTLAND OR 97204 AGENT BANK FEES/BANKING SERVICES 162500 1 1906344 294684 2201028 MORTGAGE INTEREST 531390 4549087 4549087 LOAN SERVICING FEES 531390 165183 165183 BOND SERVICING FEES 531390 13357 13357 4727627 19361 19361 10686798 9894401 792397 792397 792397 PROJECT COORDINATION F 531390 31489 31489 BEF INCOME 900099 15417 15417 PROGRAM INCOME: UTILIT 900099 14780 14780 2214 2214 63900 7804313 5583924 0 19361 100000 100000 497443 308415 189028 561718 426841 134877 53570 33213 20357 91117 56493 34624 98192 60879 37313 15575 9880 5695 109530 56716 52814 165354 106063 59291 33979 20110 13869 96239 53993 42246 68821 40731 28090 23555 14568 8987 18763 11105 7658 3192664 3192664 19980 11825 8155 74847 44297 30550 FEES TO AGENT BANKS 170000 170000 PROVISION FOR LOAN LOSS 45940 45940 lOAN SERVICING 5990 5990 MISCELLANEOUS 2550 1509 1041 1260 1260 5447087 4772492 674595 0 3028662 2768170 19740311 11654130 47374 122679 110348010 116006284 249754 263525 201644 141968 45511 59676 413819 418831 133873441 131293295 349478 399009 3060477 1226903 1417339 1559023 106962018 103379329 10500000 10750000 48934 86610 122338246 117400874 X 11535195 13892421 11535195 13892421 133873441 131293295 2357226 0 X X 0 1 X 1 1 1 X 1485148 691144 1933685 1246620 2201028 7557625 4294063 4832952 4629998 4553192 4727627 23037832 5779211 5524096 6563683 5799812 6928655 30595457 312245 241010 289113 245055 206184 1293607 0 312245 241010 289113 245055 206184 1293607 29301850 137443 10310 1641846 17280 19361 1826240 137443 10310 1641846 17280 19361 1826240 250000 141876 419274 483579 63900 1358629 6166654 5676282 8624803 6300671 7011916 33780326 0.86740 0.81510 0.05410 0.10490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3562 3562 5443525 5447087 422354 105589 0 0 403370 454229 427662 422354 1707615 2561423 1800 2447 1144 3562 8953 100843 113557 106916 105589 426905 640358 1800 2447 1144 3562 8953 0 1 X 167954 108278 59676 33690 33690 0 59676 CUSTOMER DEPOSITS 86610 86610 X Part IV, Line 2b: CASH AND CASH EQUIVALENTS INCLUDE CASH HELD IN ESCROW FOR TAXES AND INSURANCE AND DEPOSITS FOR CLOSING EXPENSES. RESTRICTED CASH HELD IN ESCROW AND DEPOSITS TOTALED $1,645,633 AT JUNE 30, 2017. Part X, Line 2: THE ORGANIZATION FOLLOWS THE PROVISIONS OF FASB ASC TOPIC ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT HAS EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH PROVISIONS OF THIS TOPIC. 1 Southern Oregon Affordable Housing II Inc - Holiday Gardens - Grants Pass 200 E Main Street Enterprise OR 97828 461280941 64000 Energy efficiency, Energy conservation, water efficiency measures Willamette Neighborhood Housing Services - Hotel Julian 257 Madison Avenue Suite 113 Corvallis OR 97333 931057296 501(c)(3) 7000 Post-installation evalution of energy efficiency and green building measures Central Oregon Regional Housing Authority - Riverside 405 Southwest 6th St Redmond OR 97556 930709787 20000 Energy efficiency, Energy conservation, water efficiency measures 1 2 Part I, Line 2: FOR GRANTS MADE THROUGH THE GREEN PILOT PROGRAM, NOAH ONLY DISBURSES FUNDS UPON COMPLETION OF ACTIVITIES OUTLINED IN THE GRANTEE'S APPLICATION. NOAH REQUIRES 3RD PARTY VERIFICATION OF THE COMPLETED WORK, INCLUDING TOTAL COST. IF DISBURSEMENT IS REQUESTED IN THE NAME OF THE PROJECT SPONSOR ORGANIZATION, NOT A SINGLE-ASSET OWNERSHIP ENTITY FOR THE PROPERTY, NOAH REQUESTS EVIDENCE OF DEPOSIT OF THE GRANT FUNDS INTO A PROJECT-SPECIFIC BANK ACCOUNT. FOR GRANTS MADE THROUGH THE ENERGY AND GREEN BUILDING POST-INSTALLATION EVALUATION PROGRAM, NOAH ONLY DISBURSES FUNDS UPON RECEIPT OF THE EVALUATION REPORT AND COMPLETION OF THE SCOPE OF WORK SUBMITTED WITH THE GRANT APPLICATION. NOAH REQUIRES VERIFICATION OF THE FINAL COST ASSOCIATED WITH THAT COMPLETED SCOPE OF WORK AND REPORT. FOR BOTH THE GREEN PILOT PROGRAM AND ENERGY AND GREEN BUILDING POST-INSTALLATION EVALUATION PROGRAM, NOAH DOES NOT DISBURSE FUNDS DIRECTLY TO 3RD PARTY CONTRACTORS OR CONSULTANTS PERFORMING THE WORK. X X X 0 0 0 0 0 0 0 0 0 WILLIAM A VAN VLIET EXECUTIVE DIRECTOR 138433 0 35023 0 0 0 13915 0 8258 0 195629 0 0 0 HEATHER GRAHAM MANAGING DIRECTOR 0 121435 0 18500 0 0 0 11194 0 8676 0 159805 0 0 Form 990, Part VI, Section B, line 11b PURSUANT TO POLICY ADOPTED MAY 11, 2009, EACH MEMBER OF THE BOARD OF DIRECTORS SHALL BE PROVIDED A COPY OF NOAH'S FORM 990 FOR REVIEW BEFORE IT IS FILED WITH THE IRS. THE AUDIT COMMITTEE SHALL CONDUCT A REVIEW OF THE FORM 990 AND SHALL REPORT TO THE BOARD IN A TIMELY FASHION THE RESULTS OF ITS REVIEW OF THE FORM 990. Form 990, Part VI, Section B, line 12c ANNUAL QUESTIONNAIRES ARE DISTRIBUTED TO OFFICERS, DIRECTORS AND KEY EMPLOYEES TO DETERMINE WHETHER A CONFLICT EXISTS BASED ON DEFINITIONS FROM THE INSTRUCTIONS TO FORM 990. Form 990, Part VI, Section B, line 15 NOAH ADOPTED A PROCESS FOR DETERMINING EXECUTIVE LEVEL COMPENSATION ON MAY 11, 2009. THIS PROCESS IS UNDERTAKEN ANNUALLY AT THE END OF EACH CALENDAR YEAR. Form 990, Part VI, Section C, line 19 PURSUANT TO POLICY ADOPTED MAY 11, 2009, NOAH MAKES ITS ARTICLES OF INCORPORATION AND ANY AMENDMENTS OR RESTATEMENTS TO THE ARTICLES AVAILABLE TO THE PUBLIC FOR INSPECTION AND COPYING UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. MPOWER OREGON LLC 1020 SW TAYLOR STREET 585 PORTLAND OR 97205 460855642 PROVIDING ENERGY EFFICIENT SERVICES TO AFFORDABLE HOUSING COMMUNITIES. OR 222425 2158524 NETWORK FOR OREGON AFFORDABLE HOUSING