Organizations Filed Purposes:
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.
NOAH STRENGTHENS COMMUNITIES THROUGH FLEXIBLE FINANCING, STRATEGIC PARTNERSHIPS, AND CREATIVE SOLUTIONS THAT BUILD AND PRESERVE AFFORDABLE HOUSING IN OREGON.
PERMANENT LOAN PROGRAM:NOAH PROVIDES FINANCING AND TECHNICAL ASSISTANCE TO FACILITATE THE DEVELOPMENT OF AFFORDABLE HOUSING IN THE STATE OF OREGON. DURING FISCAL YEAR 2019/2020, FIFTEEN (15) PERMANENT LOANS WERE CLOSED.THE TOTAL DOLLAR VALUE OF THESE LOANS WAS $35.2MM AND CREATED OR PRESERVED 813 UNITS OF HOUSING. NOAH ALSO EARNS BOND AND LOAN SERVICING FEES.
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 2019/2020, ONE (1) PROPERTY WAS PRESERVED AS AFFORDABLE. THE TOTAL DOLLAR VALUE OF THE LOAN WAS $3.8MM AND PRESERVED 131 UNITS OF HOUSING. THE TOTAL DOLLAR VALUE OF THE LAND PRESERVATION LOANS WAS $1.4MM; AN ESTIMATED 119 UNITS OF AFFORDABLE UNITS WILL BE DEVELOPED. PREDEVELOPMENT, OTHER/GAP LOAN PROGRAM:THESE LOANS PROVIDE CAPITAL FOR BOTH LAND ACQUISITION AND PREDEVELOPMENT ACTIVITES AND UTILIZE NOAH FLEXIBLE CAPITAL FOR LOANS NOT APPROPRIATE FOR BANK-SOURCE FUNDING. DURING FISCAL YEAR 2019/2020, NINE (9) PREDEVELOPMENT AND OTHER/GAP LOANS WERE CLOSED FOR A TOTAL OF $5.5MM.
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.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| William A Van Vliet | EXECUTIVE DIRECTOR | 38 | $211,396 |
| Ann Remmers | DIRECTOR OF LENDING | 40 | $168,173 |
| Cynthia Barber | DIRECTOR OF FINANCE & ADMIN | 40 | $130,901 |
| Robert Prasch | PRESERVATION DIRECTOR | 40 | $116,001 |
| Elizabeth Boylston | SENIOR COMPLIANCE AND CLOSING OFFICER | 40 | $109,719 |
| Beth Wirtz | BOARD MEMBER | 0.5 | $0 |
| Chuck Sinkey | BOARD MEMBER | 0.5 | $0 |
| Bob Powers | BOARD MEMBER | 0.5 | $0 |
| Robert Muravez | BOARD MEMBER | 0.5 | $0 |
| Javier Mena | BOARD MEMBER | 0.5 | $0 |
| Janet K Laskey | BOARD MEMBER | 0.5 | $0 |
| Dean Gisvold | BOARD MEMBER | 0.5 | $0 |
| Alma Flores | BOARD MEMBER | 0.5 | $0 |
| John Epstein | BOARD MEMBER | 0.5 | $0 |
| Monique Bertram | TREASURER | 0.5 | $0 |
| John Van Landingham | SECRETARY | 0.5 | $0 |
| Howard Weinman | VICE CHAIR | 0.5 | $0 |
| Brian Stewart | CHAIR | 0.5 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202100619349300305_public.xml