2023-02-23T16:09:06-06:00 2022-06-30 930900579 MCDONALD JACOBS PC 520 SW YAMHILL ST STE 500 PORTLAND OR 97204 990 2021-07-01 931037330 NETWORK FOR OREGON AFFORDABLE HOUSING NETW 5032233211 1020 SW TAYLOR STREET 585 PORTLAND OR 97205 WILLIAM A VAN VLIET EXECUTIVE DIRECTOR 5032233211 2023-02-22 1 WILLIAM VAN VLIET 999009999 SANG AHN P00540880 5032270581 3 AAL1 IAL1 2021 2023-03-07 01:45:13Z WILLIAM A VAN VLIET 1020 SW TAYLOR STREET 585 PORTLAND OR 97205 12688714 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 12 16 22 0 0 1742148 2002883 6038970 6085095 1398738 460270 3156 0 9183012 8548248 0 0 0 0 1429140 1590466 0 0 10652 4336561 4826615 5765701 6417081 3417311 2131167 164035295 195654493 142684924 172172955 21350371 23481538 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. CONTINUED ON SCHEDULE ONOAH 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 4657703 5352000 PERMANENT LOAN PROGRAM:NOAH PROVIDES FINANCING AND TECHNICAL ASSISTANCE TO FACILITATE THE DEVELOPMENT OF AFFORDABLE HOUSING IN THE STATE OF OREGON. DURING FISCAL YEAR 2021/2022, FOURTEEN (14) PERMANENT LOANS WERE CLOSED.THE TOTAL DOLLAR VALUE OF THESE LOANS WAS $34.8MM AND CREATED OR PRESERVED 748 UNITS OF HOUSING. IN ADDITION, ACTIVITY FOR THE YEAR INCLUDED SIXTEEN (16) COMMITMENTS TOTALING $37.2MM AND 552 UNITS AND ELEVEN (11) LOANS IN PROCESS WITH A VALUE OF $24MM. 1022423 1152075 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) PROPERTIES FOR CONVERSION TO AFFORDABLE, (3) MANUFACTURD HOME PARKS, AND (4) LAND IN DESIREABLE LOCATIONS TO PRESERVE FOR DEVELOPMENT OF AFFORDABLE HOUSING. DURING FISCAL YEAR 2021/2022, THERE WERE THREE (3) NEW LOANS MADE UNDER THIS LOAN PROGRAM WITH A TOTAL VALUE OF $11.5MM. IN ADDITION, ACTIVITY FOR THE YEAR INCLUDED WORK ON LOANS IN PROCESS OF $5.3MM. PREDEVELOPMENT LOAN PROGRAM:THESE LOANS PROVIDE CAPITAL FOR BOTH LAND ACQUISITION AND PREDEVELOPMENT ACTIVITES. DURING FISCAL YEAR 2021/2022, FIVE NEW LOANS WERE CLOSED UNDER THIS PROGRAM WITH A TOTAL VALUE OF $3.46MM AND THERE WERE THREE (3) LOANS IN PROCESS WITH A VALUE OF $4MM. OTHER/GAP LOANS: THESE LOANS PROVIDE NOAH FLEXIBLE CAPITAL FOR LOANS NOT APPROPRIATE FOR BANK-SOURCE FUNDING. THREE (3) OTHER/GAP LOANS WERE CLOSED DURING FISCAL YEAR 2021/2022. THE TOTAL DOLLAR VALUE OF THE LOANS WAS $2.24MM AND 160 UNITS OF AFFORDABLE HOUSING WERE FINANCED. 28801 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. 5680126 1 1 0 1 0 0 0 0 1 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 11 0 16 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 12 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 HOWARD WEINMAN CHAIR 0.50 X X 0 0 0 CHUCK SINKEY VICE CHAIR 0.50 X X 0 0 0 JOHN VAN LANDINGHAM SECRETARY 0.50 X X 0 0 0 MONIQUE BERTRAM TREASURER 0.50 X X 0 0 0 ALMA FLORES BOARD MEMBER 0.50 X 0 0 0 DEAN GISVOLD BOARD MEMBER 0.50 X 0 0 0 DUNCAN HWANG BOARD MEMBER 0.50 X 0 0 0 GINA LEON BOARD MEMBER 0.50 X 0 0 0 JAVIER MENA BOARD MEMBER 0.50 X 0 0 0 NELDA NEWTON BOARD MEMBER 0.50 X 0 0 0 BOB POWERS BOARD MEMBER 0.50 X 0 0 0 BRETT SHEEHAN BOARD MEMBER 0.50 X 0 0 0 BRIAN STEWART BOARD MEMBER 0.50 X 0 0 0 WILLIAM A VAN VLIET EXECUTIVE DIRECTOR 38.00 2.00 X 227107 0 29282 ROBERT PRASCH PRESERVATION DIRECTOR 40.00 X 114399 0 19698 ANN REMMERS DEPUTY DIRECTOR/DIRECTOR OF LENDING 40.00 X 183721 0 24305 RACHEL BIDOU SENIOR RELATIONSHIP MANAGER 40.00 X 126324 0 19798 CYNTHIA BARBER DIRECTOR OF FINANCE & ADMIN 40.00 X 149716 0 12127 ELIZABETH BOYLSTON SENIOR LOAN CLOSING AND COMPLIANCE OFFICER 30.00 X 105720 0 17932 906987 0 123142 8 0 1 0 US BANK 110 SW FIFTH AVENUE PORTLAND OR 97204 AGENT BANK FEES/BANKING SERVICES 180000 1 1896400 106483 2002883 MORTGAGE INTEREST 531390 5620206 5620206 LOAN SERVICING FEES 531390 404732 404732 BOND SERVICING FEES 531390 26191 26191 OTHER FEES 531390 17631 17631 LOAN FEES 531390 12653 12653 3682 3682 6085095 12489 12489 4588247 4140466 447781 447781 447781 8548248 6532876 0 12489 280347 181523 97186 1638 972757 629856 337218 5683 104421 67612 36199 610 95145 61606 32983 556 137796 89222 47769 805 19501 19501 47286 47286 85376 37985 47163 228 81063 56436 24302 325 80930 59388 21185 357 73782 54143 19313 326 2632 2597 35 2153 1198 955 3526801 3526801 30487 29067 1396 24 108850 103983 4867 PROVISION FOR LOAN LOSS 539535 539535 FEES TO AGENT BANKS 180000 180000 48219 39673 8446 100 6417081 5680126 726303 10652 3564073 4530615 23625604 19862925 66078 56567 135598411 169631811 356674 472156 339416 322391 47512 17025 776943 1083394 164035295 195654493 493550 479255 740753 1529558 2549617 3037239 121208134 149539839 17600751 17500000 92119 87064 142684924 172172955 X 21350371 23481538 21350371 23481538 164035295 195654493 2131167 0 X X 0 1 X 1 1 1 X 608791 1019494 1374389 1742148 2002883 6747705 5043710 5254976 5524886 6038970 6085095 27947637 5652501 6274470 6899275 7781118 8087978 34695342 527791 959596 1216245 693917 1997883 5395432 0 527791 959596 1216245 693917 1997883 5395432 29299910 16074 30468 20222 14926 12489 94179 16074 30468 20222 14926 12489 94179 22316 22316 5690891 6304938 6919497 7796044 8100467 34811837 0.84170 0.83250 0.00270 0.00300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 6406429 6406429 470321 117580 0 0 432389 437802 437788 470321 1778300 2667450 1028 1028 108097 109451 109447 117580 444575 666863 1028 1028 0 1 X 149074 144336 4738 190342 178055 12287 17025 CUSTOMER DEPOSITS 87064 87064 X 4481912 0 4481912 4066336 4066336 8548248 2350745 0 2350745 4066336 4066336 6417081 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 $3,124,303.33 AT JUNE 30, 2022. PART X, LINE 2: THE ORGANIZATION FOLLOWS THE PROVISIONS OF FASB ASC TOPIC 740 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. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSES NETTED AGAINST REVENUE 3,526,801. PROVISION FOR LOAN LOSSES NETTED AGAINST REVENUE 539,535. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSES NETTED AGAINST REVENUE 3,526,801. PROVISION FOR LOAN LOSSES NETTED AGAINST REVENUE 539,535. X X X 0 0 0 0 0 0 0 0 0 WILLIAM A VAN VLIET EXECUTIVE DIRECTOR 167107 0 60000 0 0 0 19685 0 9597 0 256389 0 0 0 ANN REMMERS DEPUTY DIRECTOR/DIRECTOR OF LENDING 148721 0 35000 0 0 0 14708 0 9597 0 208026 0 0 0 CYNTHIA BARBER DIRECTOR OF FINANCE & ADMIN 119216 0 30500 0 0 0 12127 0 0 0 161843 0 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 30562 910123 NETWORK FOR OREGON AFFORDABLE HOUSING