2013-05-14T16:33:26-05:00 2012-06-30 930900579 MCDONALD JACOBS PC 520 SW YAMHILL STE 500 PORTLAND OR 97204 990 2011-07-01 931037330 NETWORK FOR OREGON AFFORDABLE HOUSING NETW 5032233211 1020 SW TAYLOR STREET NO 585 PORTLAND OR 97205 WILLIAM A VAN VLIET 5032233211 2013-05-14 1 SANG AHN P00540880 5032270581 2011 2016-02-24 21:20:13Z WILLIAM A VAN VLIET 1020 SW TAYLOR STREET NO 585 PORTLAND OR 97205 34813683 0 X WWW.NOAH-HOUSING.ORG X 1990 OR AS STATED IN SECTION VII. OF NOAH'S ARTICLES OF INCORPORATION, NOAH IS A COMMUNITY DEVELOPMENT CORPORATION, SERVING COMMUNITIES WITHIN THE STATE OF OREGON. THE PURPOSES OF THE CORPORATION ARE TO DEVELOP AND IMPLEMENT PROGRAMS TO PROVIDE OPPORTUNITIES FOR COMMUNITY MEMBERS OF LOW AND MODERATE INCOME TO OBTAIN HOUSING THAT IS AFFORDABLE AND APPROPRIATE AND TO ENGAGE IN OTHER NON-PROFIT ACTIVITIES THAT ENCOURAGE ECONOMIC DEVELOPMENT WITHIN THE COMMUNITY. 13 13 10 18 0 0 361162 1327931 5084556 4572876 63103 1811593 0 0 5508821 7712400 90000 94500 0 0 849938 912852 0 10000 10977 4158231 4052347 5098169 5069699 410652 2642701 127118935 110597682 123328992 104165038 3789943 6432644 X NOAH IS A COMMUNITY DEVELOPMENT CORPORATION, SERVING COMMUNITIES WITHIN THE STATE OF OREGON. THE PURPOSES OF THE CORPORATION ARE TO DEVELOP AND IMPLEMENT PROGRAMS TO PROVIDE OPPORTUNITIES FOR COMMUNITY MEMBERS OF LOW AND MODERATE INCOME TO OBTAIN HOUSING THAT IS AFFORDABLE AND APPROPRIATE AND TO ENGAGE IN OTHER NON-PROFIT ACTIVITIES THAT ENCOURAGE ECONOMIC DEVELOPMENT WITHIN THE COMMUNITY. 0 0 3886178 6084898 NOAH PERMANENT LOAN PROGRAM:NOAH PROVIDES FINANCING AND TECHNICAL ASSISTANCE TO FACILITATE THE DEVELOPMENT OF AFFORDABLE HOUSING IN THE STATE OF OREGON. DURING FISCAL YEAR 2011/2012, NINE (9) PERMANENT LOANS WERE CLOSED AND THE TOTAL DOLLAR VALUE OF THESE LOANS FUNDED WAS $13,822,930. 83569 50418 NOAH PARTNERS WITH THE STATE OF OREGON HOUSING & COMMUNITY SERVICES DEPARTMENT TO FUND PREDEVELOPMENT LOANS. DURING FISCAL YEAR 2011-2012, THREE (3) LOANS TOTALING $923,000 WERE FUNDED IN THIS PROGRAM TO PAY COSTS ASSOCIATED WITH ACQUISITION AND DEVELOPMENT OF AFFORDABLE HOUSING PROJECTS. 616758 94500 206841 NOAH PRESERVATION LOAN PROGRAM:NOAH MAKES LOANS THROUGH OREGON HOUSING ACQUISITION FUND (OHAF) WHICH HAS BEEN CREATED THROUGH INVESTMENTS BY THE STATE OF OREGON, SEVERAL FOUNDATIONS, AND BY THE NOAH MULTI-BANK CONSORTIA. EACH INVESTOR IN THE FUND HAS UNIQUE INVESTMENT CRITERIA AND TERMS. BY DRAWING FUNDS FROM EACH INVESTOR TO CREATE PROJECT SPECIFIC FUNDING, NOAH IS ABLE TO MIX THE STRENGTHS OF THE FUNDERS TO MEET MORE BORROWERS' NEEDS AND PROVIDE FINANCING TO PRESERVE AFFORDABLE HOUSING PROJECTS THROUGHOUT OREGON. NOAH HAS ADDED GRANT FUNDS FROM THE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND TO PROVIDE SHORT TERM FINANCING TO FILL A FINANCING GAP FOR THE ACQUISITION OF PROJECTS WITH EXPIRING FEDERAL SUBSIDIES. GAP LOANS ARE USED IN CONJUNCTION WITH OHAF LOANS. ACCESS TO NOAH'S PRESERVATION LOANS IS LIMITED TO NON-PROFIT ORGANIZATIONS AND TO FOR-PROFIT ORGANIZATIONS THAT COMMIT TO OPERATE THE PROPERTY AS AFFORDABLE, THEREBY PROVIDING A PUBLIC BENEFIT COMPARABLE TO THAT PROVIDED BY NON-PROFITS. THESE LOANS TARGET THE ACQUISITION AND PRESERVATION OF FEDERALLY RENT-SUBSIDIZED UNITS THAT ARE AT RISK OF CONVERSION TO MARKET RATES. DURING FISCAL YEAR 2011/2012, TWO (2) OHAF LOANS WERE CLOSED AND THE TOTAL DOLLAR VALUE OF THE LOANS FUNDED WAS $1,890,500. ONE (1) GAP LOAN WAS CLOSED AND THE TOTAL DOLLAR VALUE OF THE LOAN FUNDED WAS $750,000.THE OREGON HOUSING PRESERVATION PROJECT EXISTS TO PRESERVE EXPIRING FEDERAL RENT SUBSIDIES THAT MAKE POSSIBLE AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES AND INDIVIDUALS. THE NON-RENEWAL OF THESE SUBSIDIES COULD LEAD TO DRAMATIC RENT INCREASES OR CONDO CONVERSIONS, AND THREATEN THE WELFARE OF OREGONIANS DEPENDENT ON AFFORDABLE HOUSING.OUR PRIMARY PURPOSE IS TO PROVIDE TECHNICAL EXPERTISE AND SHORT-TERM LOANS TO BUYERS AND OWNERS DURING THE RENOVATION, SALE OR PURCHASE OF AT-RISK PROPERTIES.WE HOPE YOU MAKE GOOD USE OF THE BACKING ACCESSIBLE TO YOU, AS RESULT OF THE EXTRAORDINARY COOPERATION OF HOUSING EXPERTS AND BANKS, FOUNDATIONS AND NONPROFITS, LOCAL AND STATE AGENCIES. 4586505 1 1 0 1 0 0 0 0 1 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 7 0 10 1 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 1 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 0.50 X X 0 0 0 BARBARA B SMITH 0.50 X X 0 0 0 BRIAN STEWART 0.50 X X 0 0 0 HOWARD WEINMAN 0.50 X 0 0 0 JOHN EPSTEIN 0.50 X 0 0 0 DEAN GISVOLD 0.50 X 0 0 0 PETER HAINLEY 0.50 X 0 0 0 ANN LININGER 0.50 X 0 0 0 GINA LEON 0.50 X 0 0 0 LYNN SCHOESSLER 0.50 X 0 0 0 JAMES WALKER 0.50 X 0 0 0 JAN LASKEY 0.50 X 0 0 0 FRANCES JOHNSTON 0.50 X 0 0 0 WILLIAM A VAN VLIET 40.00 X 146112 0 19999 JONI-MARIE A HARTMANN 40.00 X 127357 0 21357 273469 0 41356 2 0 1 0 US BANK 110 SW FIFTH AVENUE PORTLAND OR 97204 AGENT BANK FEES/BANKING SERVICES 127782 1 1327931 1327931 MORTGAGE INTEREST 531390 4515562 4515562 TAX-EXEMPT BOND PROGRA 531390 49557 49557 LOAN AND COMMITMENT FE 531390 7757 7757 4572876 42312 42312 28870564 27101283 1769281 1769281 1769281 7712400 6342157 0 42312 94500 94500 315209 194966 119630 613 396562 245286 150912 364 46053 28485 17568 82070 50763 31307 72958 45127 27831 16434 12153 4281 80774 34785 45989 10000 10000 133343 123824 9519 4212 2605 1607 60589 38100 22489 45892 28386 17506 24700 15314 9386 2674 2674 3354430 3354430 9762 6038 3724 27441 16973 10468 PROVISION FOR LOAN LOSS 159724 159724 FEES TO AGENT BANKS 123638 123638 LOAN SERVICING 8108 8108 REGULATORY FEES 626 626 5069699 4586505 472217 10977 1407371 1404352 17671649 19499799 78600 26824 107849886 89031608 159712 171543 125316 77161 30317 48155 0 336801 127118935 110597682 706845 504635 3411589 3569060 1032037 1000464 107650415 88544687 10500000 10500000 28106 46192 123328992 104165038 X 3789943 6432644 3789943 6432644 127118935 110597682 2642701 0 X X 0 1 1 X 1 1 X 90689 241184 272054 361162 1327931 2293020 4259016 4792538 5162668 5084556 4572876 23871654 4349705 5033722 5434722 5445718 5900807 26164674 20000 222296 209442 361162 374331 1187231 0 20000 222296 209442 361162 374331 1187231 24977443 96858 61255 11018 63103 1811593 2043827 96858 61255 11018 63103 1811593 2043827 4446563 5094977 5445740 5508821 7712400 28208501 0.88550 0.95330 0.07250 0.01320 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 2809 2809 5054146 5056955 402848 100712 0 0 389915 399019 404908 402848 1596690 2395035 3159 2809 5968 97479 99755 101227 100712 399173 598760 0 1 125316 77161 48155 48155 CUSTOMER DEPOSITS 46192 46192 7712400 5069699 2642701 2642701 4198246 0 4198246 3514154 3514154 7712400 1555545 0 1555545 3514154 3514154 5069699 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 $1,046,656 AT JUNE 30, 2012 AND $1,060,143 AT JUNE 30, 2011. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE NETTED AGAINST REVENUES 3,354,429. PROVISION FOR LOAN LOSS NETTED AGAINST REVENUES 159,725. PART XIII, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE NETTED AGAINST REVENUES 3,354,429. PROVISION FOR LOAN LOSS NETTED AGAINST REVENUES 159,725. 1 NORTHWEST HOUSING ALTERNATIVES 2316 SE WILLARD STREET MILWAUKIE OR 97222 930814473 501(C)(3) 20000 GREEN/ENERGY RETROFITS AT THREE AFFORDABLE HOUSING PROJECTS. CENTRAL CITY CONCERN 232 NW 6TH AVE PORTLAND OR 97201 930728816 501(C)(3) 5000 GREEN/ENERGY RETROFITS AT ROSE WOOD APARMENTS. REACH COMMUNITY DEVELOPMENT INC 4150 SW MOODY AVENUE PORTLAND OR 97239 911764112 501(C)(3) 30500 GREEN/ENERGY RETROFITS AT TWO AFFORDABLE HOUSING PROPERTIES, INCLUDING PERFORMANCE AND EVALUATION OF ENERGY SAVINGS. FARMWORKER HOUSING DEVELOPMENT CORPORATION 1274 N 5TH ST SUITE 1-A WOODBURN OR 97071 931055994 501(C)(3) 24000 GREEN/ENERGY RETROFITS AT SUMMERSET VILLAGE AND WESTSIDE APARTMENTS. UNION LABOR RETIREMENT ASSOCIATION 1625 LAFAYETTE ST PORTLAND OR 97202 936032678 501(C)(3) 15000 GREEN/ENERGY RETROFITS AT CHAUCER COURT APARTMENTS. 5 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 0 0 0 0 0 0 0 0 0 WILLIAM A VAN VLIET 146112 0 0 0 0 0 11682 0 8317 0 166111 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A: EXECUTIVE COMMITTEE OF 7 MEMBERS APPOINTED ANNUALLY BY THE BOARD OF DIRECTORS. ALL EXECUTIVE COMMITTEE MEMBERS ARE ALSO BOARD MEMBERS; THE OFFICERS OF THE BOARD ARE MEMBERS OF THE EXECUTIVE COMMITTEE. EXECUTIVE COMMITTEE CONVENES BI-MONTHLY IN THOSE MONTHS THE BOARD DOES NOT MEET. SECTION 1(A) OF THE RESTATED BYLAWS STATES THAT THE EXECUTIVE COMMITTEE SHALL HAVE THE POWER TO TAKE ACTION ON BEHALF OF THE BOARD BETWEEN BOARD MEETINGS AND SHALL HAVE THE POWER TO MAKE FINANCIAL AND BUDGETARY DECISIONS. ACTIONS OF THE EXECUTIVE COMMITTEE SHALL BE REPORTED TO THE BOARD OF DIRECTORS AT THEIR REGULAR MEETINGS. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION ADOPTED SECOND RESTATED BYLAWS ON 10/17/2011. FORM 990, PART VI, SECTION B, LINE 11 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 XI, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.