2012-05-15T11:40:48-05:00 2011-06-30 MCDONALD JACOBS PC 520 SW YAMHILL STE 500 PORTLAND OR 97204 990 2010-07-01 931037330 NETWORK FOR OREGON AFFORDABLE HOUSING NETW 5032233211 1020 SW TAYLOR STREET NO 585 PORTLAND OR 97205 WILLIAM A VAN VLIET 5032233211 2012-05-09 1 SANG AHN 5032270581 2010 2016-02-24 21:20:13Z WILLIAM A VAN VLIET 1020 SW TAYLOR STREET SUITE 585 PORTLAND OR 97205 10976143 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 9 0 0 272054 361162 5162668 5084556 11018 63103 0 0 5445740 5508821 53000 90000 0 0 734865 849938 0 0 6940 4192522 4158231 4980387 5098169 465353 410652 113806591 127118935 110427300 123328992 3379291 3789943 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 3889104 4605626 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 2010/2011, SEVENTEEN (17) PERMANENT LOANS WERE CLOSED AND THE TOTAL DOLLAR VALUE OF THESE LOANS FUNDED WAS $20,181,500. 429017 90000 88453 NOAH PARTNERS WITH THE STATE OF OREGON HOUSING & COMMUNITY SERVICES DEPARTMENT TO FUND PREDEVELOPMENT LOANS. DURING FISCAL YEAR 2010-2011, 3 LOANS TOTALING $642,971 WERE FUNDED IN THIS PROGRAM TO PAY COSTS ASSOCIATED WITH ACQUISITION AND DEVELOPMENT OF AFFORDABLE HOUSING PROJECTS. 354721 425073 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.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 2010/2011, TWO (2) OHAF LOANS WERE CLOSED AND THE TOTAL DOLLAR VALUE OF THE LOANS FUNDED WAS $2,250,000. 4672842 1 1 0 1 0 0 0 0 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 6 0 10 1 0 0 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 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 DAVE CASTRICANO 0.50 X 0 0 0 GINA LEON 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 TERRY MORRISON 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 142570 0 17558 JONI-MARIE A HARTMANN 40.00 X 124126 0 15262 266696 0 32820 2 0 1 0 US BANK 110 SW FIFTH AVENUE PORTLAND OR 97204 BANKING SERVICES 119205 1 361162 361162 MORTGAGE INTEREST 531390 5066323 5066323 TAX-EXEMPT BOND PROGRA 531390 16466 16466 LOAN AND COMMITMENT FE 531390 1767 1767 5084556 28507 28507 5501918 5467322 34596 34596 34596 5508821 5119152 0 28507 90000 90000 301824 181094 120009 721 361010 219336 140228 1446 38720 23232 15488 78352 47011 31341 70032 42019 28013 8373 7840 533 76393 31113 45280 63238 54130 4335 4773 7451 4471 2980 66399 39839 26560 38041 22825 15216 27798 16679 11119 3598 3598 3704599 3704599 10461 6277 4184 27609 16565 11044 FEES TO AGENT BANKS 122790 122790 LOAN SERVICING 5768 5768 REGULATORY FEES 624 624 OTHER ADMIN ALLOCATION 0 37943 -37943 PROVISION FOR LOAN LOSS -4911 -4911 5098169 4672842 418387 6940 1004637 1407371 12594967 17671649 99863683 107849886 307740 159712 97716 67399 35564 30317 113806591 127118935 581702 706845 2710000 3411589 947439 1032037 97647559 107650415 8500000 10500000 40600 28106 110427300 123328992 X 3379291 3789943 3379291 3789943 113806591 127118935 410652 0 X X 0 1 1 X 0 X 539243 90689 241184 272054 361162 1504332 3756820 4259016 4792538 5162668 5084556 23055598 4296063 4349705 5033722 5434722 5445718 24559930 20000 20000 222296 209442 361162 832900 0 20000 20000 222296 209442 361162 832900 23727030 97094 96858 61255 11018 63103 329328 97094 96858 61255 11018 63103 329328 4393157 4446563 5094977 5445740 5508821 24889258 0.95330 0.96430 0.01320 0.01440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 3159 3159 5095010 5098169 404908 101227 0 0 365378 389915 399019 404908 1559220 2338830 3159 3159 91345 97479 99755 101227 389806 584709 0 0 97716 67399 30317 30317 CUSTOMER DEPOSITS 28106 28106 5508821 5098169 410652 0 410652 1809133 0 1809133 3699688 3699688 5508821 1398481 0 1398481 3699688 3699688 5098169 PART XII, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE NETTED AGAINST REVENUES PROVISION FOR LOAN LOSS NETTED AGAINST REVENUES PART XIII, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE NETTED AGAINST REVENUES PROVISION FOR LOAN LOSS NETTED AGAINST REVENUES 1 NORTHWEST HOUSING ALTERNATIVES 2316 SE WILLARD STREET MILWAUKIE OR 97222 930814473 501(C)(3) 45000 GREEN/ENERGY RETROFITS AT THREE AFFORDABLE HOUSING PROJECTS. CENTRAL CITY CONCERN 232 NW 6TH AVE PORTLAND OR 97201 930728816 501(C)(3) 15000 GREEN/ENERGY RETROFITS AT ROSE WOOD APARMENTS. COMMUNITY PARTNERS FOR AFFORDABLE HOUSING PO BOX 23206 TIGARD OR 97281 931155559 501(C)(3) 15000 CAPITAL NEEDS ASSESMENT INCLUDING POTENTIAL GREEN/ENERGY RETROFITS AT SPENCER HOUSE. REACH COMMUNITY DEVELOPMENT INC 1135 SE SALMON STREET PORTLAND OR 97214 911764112 501(C)(3) 15000 GREEN/ENERGY RETROFITS AT TWO AFFORDABLE HOUSING PROPERTIES, INCLUDING PERFORMANCE AND EVALUATION OF ENERGY SAVINGS. PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: PURSUANT TO THE TERMS OF A MEMORANDUM OF UNDERSTANDING DATED MAY 1, 2009 ("MOU"), NOAH PROVIDES FUNDING FOR THE GREEN PILOT PROGRAM INITIATIVE. THE MOU DESCRIBES THE PURPOSES FOR WHICH FUNDS MAY BE GRANTED AND OUTLINES PROCESS. FORMAL APPLICATION AND DRAW REQUEST FORMS DOCUMENT QUALIFIED EXPENSES. X X 0 0 0 0 0 0 0 0 0 WILLIAM A VAN VLIET 122570 0 20000 0 0 0 9805 0 7753 0 160128 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 REVIEW OF FORM 990. 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. THE BOARD SHALL TAKE ANY ADDITIONAL ACTION THAT IT FEELS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 12C 1. ON AN ANNUAL BASIS, THE SECRETARY OF THE CORPORATION OR THE SECRETARY'S DESIGNEE SHALL DEVELOP AND MAINTAIN A LIST OF INSIDERS WHO ENGAGE IN OR ARE REASONABLY LIKELY TO ENGAGE IN TRANSACTIONS THAT CONSTITUTE CONFLICTS OF INTEREST WITH THE CORPORATION DURING THE YEAR. 2. THE OFFICERS, DIRECTORS AND KEY EMPLOYEES SHALL EACH YEAR DISCLOSE INTERESTS THAT COULD GIVE RISE TO A CONFLICT OF INTEREST UNDER THIS POLICY. SUCH DISCLOSURE SHALL BE MADE ON A DISCLOSURE AND ACKNOWLEDGMENT FORM SIMILAR TO THE ONE ATTACHED TO THIS POLICY AND SHALL BE FILED WITH THE SECRETARY OR THE SECRETARY'S DESIGNEE. 3. THE SECRETARY OR THE SECRETARY'S DESIGNEE SHALL MONITOR AND ENFORCE COMPLIANCE WITH THIS POLICY BY REVIEWING THE LIST OF INSIDERS AND THE DISCLOSURE AND ACKNOWLEDGMENT FORMS EACH YEAR AND BY BRINGING POTENTIAL OR ACTUAL CONFLICTS TO THE ATTENTION OF THE PRESIDENT OF THE BOARD. THE PRESIDENT SHALL DISCLOSE CONFLICTS TO THE BOARD AS THEY ARISE AND ENSURE THAT THE PROCEDURES IN THIS POLICY ARE FOLLOWED. 4. THE SECRETARY OR THE SECRETARY'S DESIGNEE SHALL CONVEY THE LIST OF INSIDERS IDENTIFIED ABOVE TO THE EXECUTIVE DIRECTOR AND SHALL INSTRUCT THE EXECUTIVE DIRECTOR TO NOTIFY THE BOARD IF THE EXECUTIVE DIRECTOR OR ANY EMPLOYEE PLANS TO ENGAGE IN A TRANSACTION WITH AN INSIDER THAT CONSTITUTES A CONFLICT OF INTEREST, INCLUDING PAYMENT OR REIMBURSEMENT FOR BUSINESS OR TRAVEL EXPENSES OF THE INSIDER AND/OR MEMBERS OF THE INSIDER'S FAMILY NOT MADE PURSUANT TO AN ACCOUNTABLE PLAN UNDER IRS REG. 1.62-2(C)(2). IF SO, THE BOARD SHALL MONITOR THE TRANSACTION TO ENSURE THAT IT COMPLIES WITH THE PROCEDURE IN SECTION 2 ABOVE. FORM 990, PART VI, SECTION B, LINE 15 PURSUANT TO THE POLICY ATTACHED, NOAH'S EXECUTIVE COMMITTEE, ACTING WITH AUTHORITY DELEGATED BY THE FULL BOARD, ESTABLISHES COMPENSATION LEVELS FOR ALL EMPLOYEES ANNUALLY. THE EXECUTIVE DIRECTOR MAKES INITIAL RECOMMENDATIONS TO THE EXECUTIVE COMMITTEE, WHICH THEN DELIBERATES AND MAKES FINAL COMPENSATION DECISIONS. NOAH OPERATES SIMILARLY TO A COMMERCIAL REAL ESTATE LENDING DIVISION OF A COMMERCIAL BANK, AND NOAH'S EXECUTIVE COMMITTEE INCLUDES SEVERAL SENIOR MANAGERS OF SIMILAR LENDING DIVISIONS OF COMMERCIAL BANKS. THESE DIRECTORS BRING EXTENSIVE EXPERIENCE AND KNOWLEDGE OF COMPENSATION LEVELS FOR POSITIONS OF COMPARABLE RESPONSIBILITY. THIS PROCESS HAS BEEN USED SINCE AT LEAST 1999; THE FORMAL POLICY WAS ADOPTED IN MAY 2009 . FORM 990, PART VI, SECTION C, LINE 19 NOAH SHALL MAKE ITS ARTICLES OF INCORPORATION, ANY AMENDMENTS OR RESTATEMENTS TO THE ARTICLES, AND ITS MOST RECENT THREE YEARS OF THE FORM 990 AVAILABLE TO THE PUBLIC FOR INSPECTION AND COPYING UPON REQUEST. NOAH DOES NOT HAVE TO DISCLOSE THE NAME AND ADDRESS OF ANY CONTRIBUTOR TO THE ORGANIZATION. NOAH HAS DETERMINED THAT IT IS NOT IN THE BEST INTEREST OF NOAH TO MAKE ANY ADDITIONAL DOCUMENTS OR INFORMATION AVAILABLE TO THE PUBLIC. THE DOCUMENTS DESCRIBED ABOVE SHALL BE AVAILABLE FOR INSPECTION UPON REQUEST AT THE NOAH OFFICE DURING REGULAR BUSINESS HOURS. FORM 990, PART XI, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.