2020-02-27T14:07:59-06:00 2019-06-30 930900579 MCDONALD JACOBS PC 520 SW YAMHILL ST STE 500 PORTLAND OR 97204 990 2018-07-01 931037330 NETWORK FOR OREGON AFFORDABLE HOUSING NETW 5032233211 1020 SW TAYLOR STREET NO 585 PORTLAND OR 97205 WILLIAM A VAN VLIET EXECUTIVE DIRECTOR 5032233211 2020-02-19 1 SANG AHN P00540880 5032270581 50.204.228.78 2020-02-19 12:11:36 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 2018 2020-09-23 17:36:50Z WILLIAM A VAN VLIET 1020 SW TAYLOR STREET NO 585 PORTLAND OR 97205 6304938 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 14 19 0 0 608791 1019494 5043710 5254976 308377 21359 733 9109 5961611 6304938 12533 165667 0 0 1156830 1266382 0 0 3281 4112831 4219012 5282194 5651061 679417 653877 141356627 146282227 126784789 131056512 14571838 15225715 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 4022959 0 5017829 PERMANENT LOAN PROGRAM:NOAH PROVIDES FINANCING AND TECHNICAL ASSISTANCE TO FACILITATE THE DEVELOPMENT OF AFFORDABLE HOUSING IN THE STATE OF OREGON. DURING FISCAL YEAR 2018/2019, FIVE (5) PERMANENT LOANS WERE CLOSED.THE TOTAL DOLLAR VALUE OF THESE LOANS WAS $12.6MM AND CREATED OR PRESERVED 303 UNITS OF HOUSING. IN ADDITION, ACTIVITY FOR THE YEAR INCLUDED NINE (9) COMMITMENTS TOTALING $13.16MM AND 390 UNITS AND FIFTEEN (15) LOAN IN PROCESS WITH A VALUE OF $45MM. 887393 0 222147 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 2018/2019, THERE WERE NO NEW LOANS MADE UNDER THIS LOAN PROGRAM. PREDEVELOPMENT LOAN PROGRAM:THESE LOANS PROVIDE CAPITAL FOR BOTH LAND ACQUISITION AND PREDEVELOPMENT ACTIVITES. DURING FISCAL YEAR 2018/2019, NO LOANS WERE MADE UNDER THIS PROGRAM. 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 2018/2019. THE TOTAL DOLLAR VALUE OF THE LOANS WAS $1.2MM AND 22 UNITS OF AFFORDABLE HOUSING WERE FINANCED. IN ADDITION, THERE WERE SIX (6) LOANS WITH A TOTAL VALUE OF $5MM IN PROCESS. 203512 165667 15000 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. 5113864 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 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 12 0 14 1 0 0 0 0 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 MONIQUE BERTRAM BOARD MEMBER 0.50 X 0 0 0 JOHN EPSTEIN BOARD MEMBER 0.50 X 0 0 0 ALMA FLORES 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 LANCY KIM BOARD MEMBER 0.50 X 0 0 0 JANET K LASKEY BOARD MEMBER 0.50 X 0 0 0 JAVIER MENA BOARD MEMBER 0.50 X 0 0 0 ROBERT MURAVEZ BOARD MEMBER 0.50 X 0 0 0 BETH WIRTZ BOARD MEMBER 0.50 X 0 0 0 WILLIAM A VAN VLIET EXECUTIVE DIRECTOR 38.00 2.00 X 202474 0 25836 ROB PRASCH PRESERVATION DIRECTOR 40.00 X 113412 0 18746 ANN GRAY REMMERS DIRECTOR OF LENDING 40.00 X 160824 0 22431 BETSY BOYLSTON SENIOR COMPLIANCE AND CLOS 40.00 X 104355 0 17888 581065 0 84901 4 0 1 0 US BANK 110 SW FIFTH AVENUE PORTLAND OR 97204 AGENT BANK FEES/BANKING SERVICES 180000 1 390902 628592 1019494 MORTGAGE INTEREST 531390 5017830 5017830 LOAN SERVICING FEES 531390 203531 203531 BEF FEE INCOME 531390 15000 15000 BOND SERVICING FEES 531390 12420 12420 PREPAYMENT PENALTIES 531390 6138 6138 57 57 5254976 21359 21359 9109 0 9109 9109 9109 6304938 5254976 0 30468 165667 165667 230053 160546 68984 523 801470 559320 240329 1821 71130 49639 21329 162 74527 52010 22348 169 89202 62251 26748 203 15811 15811 56678 56678 89824 61308 28382 134 76790 52748 23978 64 69629 51820 17675 134 17659 13577 4082 23378 16572 6806 3219293 3219293 43985 40453 3505 27 121977 116131 5846 PROVISION FOR LOAN LOSS 273508 273508 FEES TO AGENT BANKS 180000 180000 MISCELLANEOUS 30480 23210 7226 44 5651061 5113864 533916 3281 2747674 2787418 12304702 11495835 34633 19262 125248463 130848494 321024 356990 323626 177223 61735 146403 638396 627825 141356627 146282227 415742 447729 1080431 1827385 1709749 1834036 109355411 117264152 14150000 9650000 73456 33210 126784789 131056512 X 14571838 15225715 14571838 15225715 141356627 146282227 653877 0 X X 0 1 X 1 0 X 1933685 1246620 2201028 608791 1019494 7009618 4629998 4553192 4727627 5043710 5254976 24209503 6563683 5799812 6928655 5652501 6274470 31219121 289113 245055 2063184 527791 959596 4084739 0 289113 245055 2063184 527791 959596 4084739 27134382 1641846 17280 19361 16074 30468 1725029 1641846 17280 19361 16074 30468 1725029 419274 483579 63900 22316 989069 8624803 6300671 7011916 5690891 6304938 33933219 0.79960 0.81380 0.05080 0.05120 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1028 0 1028 5646752 5647780 432389 108097 0 0 427662 422354 414110 432389 1696515 2544773 1144 3562 1450 1028 7184 106916 105589 103528 108097 424130 636195 1144 3562 1450 1028 7184 0 1 X 153284 118758 34526 170342 58465 111877 146403 CUSTOMER DEPOSITS 33210 33210 X 2812136 0 2812136 3492802 3492802 6304938 2158259 0 2158259 3492802 3492802 5651061 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 $1.867,745.62 AT JUNE 30, 2019. 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. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSES NETTED AGAINST REVENUE 3,219,294. PROVISION FOR LOAN LOSSES MNETTED AGAINST REVENUE 273,508. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSES NETTED AGAINST REVENUE 3,219,294. PROVISION FOR LOAN LOSSES MNETTED AGAINST REVENUE 273,508. 1 ELEVATE ENERGY 322 S GREEN STREET SUITE 300 CHICAGO IL 60607 364443093 501(C)(3) 165667 ENERGY EFFICIENCY, ENERGY HEALTH AND ENERGY GREENING MEASURES. 1 0 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 EXECUTIVE DIRECTOR 162474 0 40000 0 0 0 16177 0 9659 0 228310 0 0 0 ANN GRAY REMMERS DIRECTOR OF LENDING 134824 0 26000 0 0 0 12861 0 9570 0 183255 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 247293 1908957 NETWORK FOR OREGON AFFORDABLE HOUSING