2014-05-15T11:25:47-05:00 2013-06-30 930900579 MCDONALD JACOBS PC 520 SW YAMHILL ST STE 500 PORTLAND OR 97204 990 2012-07-01 931037330 NETWORK FOR OREGON AFFORDABLE HOUSING NETW 5032233211 1020 SW TAYLOR STREET NO 585 PORTLAND OR 97205 WILLIAM A VAN VLIET 5032233211 2014-05-14 1 SANG AHN P00540880 5032270581 2012 2015-11-30 17:44:51Z WILLIAM A VAN VLIET 1020 SW TAYLOR STREET NO 585 PORTLAND OR 97205 8808347 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. 12 12 10 0 0 0 1327931 1533390 4572876 4294063 1811593 137443 0 250000 7712400 6214896 94500 75000 0 0 912852 1042060 10000 0 0 4052347 3859484 5069699 4976544 2642701 1238352 110597682 117116000 104165038 109445004 6432644 7670996 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 3298765 3751898 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 2012/2013, SEVEN (7) PERMANENT LOANS WERE CLOSED AND THE TOTAL DOLLAR VALUE OF THESE LOANS FUNDED WAS $8,047,739. 776045 75000 449810 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 2012/2013, FIVE (5) OHAF LOANS WERE CLOSED AND THE TOTAL DOLLAR VALUE OF THE LOANS FUNDED WAS $12,504,674. THREE (3) GAP LOANS WERE CLOSED AND THE TOTAL DOLLAR VALUE OF THE LOANS FUNDED WAS $1,554,653.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.NOAH PARTNERS WITH THE STATE OF OREGON HOUSING & COMMUNITY SERVICES DEPARTMENT TO FUND PREDEVELOPMENT LOANS. 427237 MPOWER OREGON:NOAH IS SOLE MEMBER OF MPOWER OREGON LLC. MPOWER WAS FORMED TO OFFER A SIMPLE, INTEGRATED SOLUTION FOR LOWERING ENERGY AND WATER EXPENSES AT EXISTING AFFORDABLE MULTIFAMILY PROPERTIES, WHILE CONTRIBUTING TO POSITIVE HEALTH AND COMFORT OUTCOMES FOR RESIDENTS. THROUGH ITS ONE-STOP SHOP APPROACH, MPOWER DELIVERS IMMEDIATE SAVINGS TO OWNERS AND OCCUPANTS THROUGH BUILDING UPGRADES AND ONGOING TECHNICAL SUPPORT SERVICES. THE LOAN PORTION OF THE MPOWER FINANCING IS SIZED SO THAT THE PROJECTED ANNUAL ENERGY SAVINGS OFFSET THE ANNUAL LOAN PAYMENTS AND DELIVER NET-POSITIVE CASH FLOW. MPOWER DOES NOT GUARANTY SAVINGS BECAUSE AFFORDABLE HOUSING PROJECTS TYPICALLY REQUIRE HIGHLY STRUCTURED FINANCING PACKAGES, MPOWER OFFERS UNSECURED FINANCING. 92355 NOAH MADE ONE (1) LOAN IN THE PRINCIPAL AMOUNT OF $230,750 TO FUND REPAIRS AND RENOVATION AT A PROJECT IN THE PERMANENT LOAN PORTFOLIO.NOAH EARNS BOND AND LOAN SERVICING FEES. 92355 4502047 1 1 0 1 0 0 0 0 1 0 1 0 0 0 1 0 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 12 0 10 1 0 0 0 0 0 0 0 0 X 12 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 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 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 151062 0 19770 JONI-MARIE A HARTMANN 40.00 X 129383 0 20481 280445 0 40251 2 0 1 0 BLUE TREE STRATEGIES INC 240 N BROADWAY STE 211 PORTLAND OR 97227 CLEAN ENERGY 125000 US BANK 110 SW FIFTH AVENUE PORTLAND OR 97204 AGENT BANK FEES/BANKING SERVICES 112909 2 1531615 1775 1533390 MORTGAGE INTEREST 531390 4200108 4200108 LOAN SERVICING FEES 531390 77226 77226 TAX-EXEMPT BOND PROGRA 531390 15129 15129 LOAN AND COMMITMENT FE 531390 1600 1600 4294063 26975 26975 2703919 2593451 110468 110468 110468 FORGIVENESS OF DEBT 900099 250000 250000 250000 6214896 4404531 0 276975 75000 75000 327988 225140 102848 507062 348061 159001 47929 32900 15029 76230 52326 23904 82851 56871 25980 46636 42549 4087 92411 40199 52212 317495 305584 11911 14218 14218 54860 457 54403 56868 56868 28951 19103 9848 1134 1134 2974642 2974642 12118 12118 29647 29647 FEES TO AGENT BANKS 107160 107160 PROVISION FOR LOAN LOSS 103409 103409 MEMBERSHIP FEES 11407 11407 LOAN SERVICING 7600 7600 928 109912 -108984 4976544 4502047 474497 0 1404352 1319355 19499799 9784228 78600 260870 26824 30687 89031608 105111118 171543 161752 127319 85048 48155 42271 336801 405719 110597682 117116000 504635 416456 3569060 2553492 1000464 1026400 88544687 95424583 10500000 10000000 46192 24073 104165038 109445004 X 6432644 7670996 6432644 7670996 110597682 117116000 1238352 0 X X 0 1 X 1 1 1 X 241184 272054 361162 1327931 1485148 3687479 4792538 5162668 5084556 4572876 4294063 23906701 5033722 5434722 5445718 5900807 5779211 27594180 222296 209442 361162 374331 1167231 0 222296 209442 361162 374331 1167231 26426949 61255 11018 63103 1811593 137443 2084412 61255 11018 63103 1811593 137443 2084412 250000 250000 5094977 5445740 5508821 7712400 6166654 29928592 0.88300 0.88550 0.06960 0.07250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 2811 2811 4925491 4928302 396415 99104 0 0 399019 404908 402848 396415 1603190 2404785 3159 2809 2811 8779 99755 101227 100712 99104 400798 601197 0 1 X 127319 85048 42271 42271 CUSTOMER DEPOSITS 24073 24073 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 $1,050,472 AT JUNE 30, 2013. 1 NEIGHBORWORKS UMPQUA 605 SE KANE STREET ROSEBURG OR 97470 931057208 15000 GREEN PILOT PROGRAM AT BROOKSIDE CSP-1200 LIMITED PARTNERSHIP 6125 SW BOUNDARY STREET PORTLAND OR 97221 320371089 15000 GREEN PILOT PROGRAM AT 1200 BUILDING HOUSING AND COMMUNITY SERVICES AGENCY 177 DAY ISLAND DRIVE EUGENE OR 97401 936002480 15000 GREEN PILOT PROGRAM AT HAWTHORN CENTRAL CITY CONCERN 232 NW 6TH AVE PORTLAND OR 97201 930728816 501(C)(3) 15000 GREEN PILOT PROGRAM AT HATFIELD CENTRAL CITY CONCERN 232 NW 6TH AVE PORTLAND OR 97201 930728816 501(C)(3) 15000 GREEN PILOT PROGRAM AT BUTTE 2 3 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 151062 0 0 0 0 0 12122 0 7648 0 170832 0 0 0 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. MPOWER OREGON LLC 1020 SW TAYLOR STREET 585 PORTLAND OR 97205 460855642 PROVIDING ENERGY EFFICIENT SERVICES TO AFFORDABLE HOUSING COMMUNITIES. OR 427237 431740 N/A