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Proud Ground

Proud Ground

Portland, OR 97217
Tax ID93-1290320

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About this organization

Revenue

$4,107,785

Expenses

$994,450

Website

proudground.org

Mission

Utilizing the Community Land Trust model of permanent affordability, Proud Ground expands homeownership opportunities for low- and moderate-income families so they can live or remain in the community of their choice. Proud Grund serves as a leading strategic partner to improve affordability region-wide, with a focus on areas affected by displacement.

About

HOMEBUYER, HOMEOWNER & OUTREACH SERVICESCOMMUNITY OUTREACH DELIBERATE RESEARCH AND DIALOGUE RESULTED IN AN OUTREACH STRATEGY THAT HAS INCREASED THE ORGANIZATIONS SERVICE TO COMMUNITIES OF COLOR AND STRENGTHENED ITS ROLE IN HELPING TO CLOSE THE MINORITY HOMEOWNERSHIP GAP. THE ORGANIZATION USES A COMBINATION OF GRASS ROOTS ACTIVITIES, PARTNERSHIPS, AND OUTREACH STRATEGIES TO REACH UNDERSERVED COMMUNITIES WITH INFORMATION ABOUT THE ORGANIZATIONS HOMEOWNERSHIP PROGRAM AND HOME BUYING OPPORTUNITIES. ALL OUTREACH ACTIVITIES INCORPORATE CULTURALLY-RESPONSIVE MATERIALS AND METHODS, WITH TRANSLATION PROVIDED TO NON-ENGLISH SPEAKERS.HOME BUYER EDUCATION AND COUNSELING A KEY COMPONENT OF THE ORGANIZATIONS PROGRAMS AND SERVICES IS ITS INTENSIVE, ONE-ON-ONE EDUCATION AND COUNSELING PROVIDED TO PROSPECTIVE AND ACTIVE HOME BUYERS. NEIGHBORWORKS CERTIFIED COUNSELORS ASSIST HOUSEHOLDS WORKING TOWARDS MORTGAGE READINESS THROUGH INDIVIDUAL COACHING AND REFERRAL TOPICS THAT INCLUDE DEBT REDUCTION; IMPROVING CREDIT SCORES; BUDGETING; AND CREATING A SAVINGS PLAN. EDUCATIONAL OPPORTUNITIES ARE ALSO PROVIDED IN BI-MONTHLY NEWSLETTERS AND WORKSHOPS.HOMEBUYER CRITERIA ALL OF THE ORGANIZATIONS HOMEBUYERS ARE REQUIRED TO ATTEND:(1) THE ORGANIZATIONS FREE HOMEOWNERSHIP ORIENTATION CLASS;(2) HOMEBUYING 101 CLASS, AN 8-HOUR EDUCATION CLASS PROVIDED BY A SEPARATE, APPROVED ORGANIZATION.THESE EDUCATION REQUIREMENTS ARE IN ADDITION TO THE REQUIREMENTS THAT HOMEBUYERS MEET INCOME AND OTHER FUNDER-REQUIRED CRITERIA (E.G., FIRST-TIME HOMEBUYER STATUS).POST-PURCHASE, HOMEOWNER SUPPORT TO PROMOTE HOMEOWNER STABILITY AND SUCCESS, THE ORGANIZATIONS HOMEOWNERS HAVE ACCESS TO A VARIETY OF RESOURCES. POST-SUPPORT SERVICES INCLUDE THE OFFER OF HOME INSPECTIONS BY PROJECT MANAGEMENT STAFF, TOWARD HOME MAINTENANCE RECOMMENDATIONS; IDA MATCHING GRANTS FOR APPROVED HOME REPAIR AND MAINTENANCE PROJECTS AND FOR ENERGY EFFICIENCY UPGRADES; HOMEOWNER NEWSLETTERS, SURVEYS, AND WORKSHOPS THROUGHOUT THE YEAR; ASSISTANCE WITH HOME LOAN REFINANCING AND OTHER LENDER-RELATION ISSUES.MEMBERSHIP THE ORGANIZATION IS A MEMBERSHIP ORGANIZATION. MEMBERSHIP IS OPEN TO ANYONE WHO LIVES OR WORKS IN PROUD GROUNDS SERVICE AREA AND DONATES AT LEAST $25 A YEAR; ALL THE ORGANIZATIONS HOMEOWNERS ARE AUTOMATICALLY MEMBERS. THE ORGANIZATION ISSUES FOUR NEWSLETTERS PER YEAR AND ONE ANNUAL REPORT TO ALL MEMBERS, STAKEHOLDERS, DONORS, AND FUNDERS. THE ORGANIZATION ALSO HOLDS AN ANNUAL MEETING EACH DECEMBER AT WHICH MEMBERS AND OTHERS IN ATTENDANCE RECEIVE AN ORGANIZATIONAL UPDATE AND ELECT THE BOARD OF DIRECTORS, UNLESS THE ELECTION IS CONDUCTED BY MAIL.RESALE OF HOMES THE ORGANIZATION FACILITATES THE RESALE OF HOMES ON LAND HELD IN TRUST TO NEW ELIGIBLE HOMEOWNERS. FROM 1999 TO 2019, THERE HAVE BEEN EIGHTY (80) SUCH SALES.

Interesting data from their 2020 990 filing

The purpose of the non-profit is listed in the filing as “Provide permanently affordable home ownership opportunities using the land trust model, under which proud ground administers subsidy funds to buy down the purchase price of homes. resale provisions ensure homes' permanent affordability.”.

When discussing its operations, they were characterized as: “Provide permanently affordable home ownership opportunities using the land trust model, under which proud ground administers subsidy funds to buy down the purchase price of homes. resale provisions ensure homes' permanent affordability.”.

  • The non-profit's legally reported state of operation is OR.
  • The filing states that the non-profit's address in the year 2020 is 5288 N Interstate, Portland, OR, 97217.
  • The form submitted by the non-profit for 2020 shows a total of 9 employees.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are between $500,000 and $1,000,000+.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $3,113,335.
  • The remuneration plan for the CEO of the organization is based on a review and approval process by a neutral entity.
  • The organization elects its board members.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 15 independent voting members.
  • The organization was formed in 1999.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule O.
  • The organization engages in lobbying activities.
  • The organization pays $642,539 in salary, compensation, and benefits to its employees.
  • The organization pays $85,718 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.
  • The organization's financial statements were reviewed by an accountant.

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