Reach Community Development INC EIN 93-0813981 Form 990 (PDF) Claim this org

Reach Community Development INC

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Develops and manages affordable apartment homes while providing supportive resident services to help families and communities thrive in the Portland and Southwest Washington region. For fiscal year 2024 it reported $36.2M in revenue, $30.2M in expenses, and $26.5M in net assets.Pt I

Founded
1982
Type
Public charity (501(c)(3)) · Housing
Location
Portland, OR
Website
www.reachcdc.org
Filings
5 on file (2020–2024)
Revenue
$36.2MFY2024
Expenses
$30.2M
Net assets
$26.5M
People
19
Filings
5
Updates
0
More identity details & actions ⌄
EIN  93-0813981 Public charity (501(c)(3)) Portland, OR Founded 1982
Form 990 (PDF)
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Figures match the IRS filing checked 8/6/26 · see original: IRS
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Size
$10–100M
What they do
Develops and manages affordable apartment homes while providing supportive resident services to help families and communities thrive in the Portland and Southwest Washington region.
Leadership
Margaret Salazar · President & CEO · $219K
Money in and out
$36.2M revenue, $30.2M expenses
Bottom line
89% program efficiency
Where the money goes · FY2024
Total revenue
$36.2M
Pt VIII · Ln 12
Total expenses
$30.2M
Pt IX · Ln 25
Net assets
$26.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $6.1M
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.10 Fundraising $0.01
Program efficiency
89%
of spending reaches programs▲ +0.6% vs prior filing year
Operating runway
3.1mo
months of highly liquid reserves at operating expense rate▲ +11% vs prior filing year
Surplus margin
+17%
revenue over expenses, this year▲ +209% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$36.2M
FY2024▲ +19%
Expenses
$30.2M
FY2024▲ +5%
Total assets
$120.0M
FY2024▲ +18%
Total liabilities
$93.5M
FY2024▲ +17%
Total revenue
$36.2M
Pt VIII · Ln 12
Total expenses
$30.2M
Pt IX · Ln 25
Net assets
$26.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$6.1M
Total assetsPt X · Ln 16$120.0M
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

3 program services account for $26.9M of program spending, described in the organization's own filed words · FY2024.
01

Property Operations and Management

Reach and affiliated entities own and manage more than 2,731 units of affordable rental housing in the portland, oregon metropolitan region and southwest washington. These units are in apartments, plexes and single-family houses, and are only available to households under certain income limits.

$25.1Mprogram expense
02

Resident Services

The resident services program supports families and individuals living in reach and affiliated entities housing as they improve the social, economic, and environmental conditions affecting their lives.

$915Kprogram expense
03

Home Repair Program

The community builders program provides free home repairs for low-income elderly AND/OR disabled homeowners to age in place and help maintain housing stability. This includes providing accessibility and safety upgrades, such as wheelchair ramps, grab bars, and smoke detectors.

$900Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CReach Community Development INC
EINHdr · item D93-0813981
Principal addressHdr · item CPortland, OR
WebsiteHdr · item Jwww.reachcdc.org
Year of formationHdr · item L1982
State of legal domicileHdr · item MOR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L200)
Ruling yearIRS BMFSep 1982

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President & CEO
$218,664Pt VII · Sec A
Chief Financial Officer
$193,661Pt VII · Sec A
Director of IT
$129,267Pt VII · Sec A
Director of People Engagement
$126,201Pt VII · Sec A
Head of Real Estate
$125,098Pt VII · Sec A
Director of Property Mgmt
$118,941Pt VII · Sec A
Senior Advisor for Portfolio Restructuring
$118,697Pt VII · Sec A
$0Pt VII · Sec A

Margaret Salazar’s $219K as President & CEO is at the 50th percentile of top reported officer pay among 672 $10–100M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Margaret Salazar$218,664$29,276
Pamela Benoit$195,408$172,607$195,182
Tekle Bushen$193,661$145,966
Daniel Valliere$176,403$179,433$173,500
Dan Valliere$177,787
Alma Flores$148,784$144,779$139,038
Mustafa S Abdulbaqi$137,511
Veronica Coenen$133,764

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$23.3M · 64%
Investment income$8.6M · 24%
Contributions & grants$4.3M · 12%
Program service revenue64%$23.3M
Investment income24%$8.6M
Contributions & grants12%$4.3M
Other revenue$19K
— government grantsLn 1e$2.6M
Total revenueLn 12$36.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.10 Fundraising $0.01
Program services89%$26.9M
Management & general10%$3.0M
Fundraising1%$266K
Total functional expensesLn 25$30.2M

Balance Sheet

Part X · end of year
CashLn 1$7.8M
Total assetsLn 16$120.0M
Total liabilitiesLn 26$93.5M
Total net assetsLn 32$26.5M
Months of cash on handcomputed3.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $7.8M · Operating expenses (Pt IX) $30.2M · Less non-cash grants $22K · Cash operating expenses/yr $30.1M
3.1 months
Where the money goes
Program services
Program services $26.9M · Total expenses $30.2M
89%
Management & General
Management & general $3.0M · Total expenses $30.2M
10%
Fundraising
Fundraising $266K · Total expenses $30.2M
0.9%
Cost to raise $1
Fundraising expense (3-yr avg) $279K · Solicited contributions (3-yr avg) $1.7M
$0.16 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $4.3M · Total revenue $36.2M
12%
Government reliance
Government grants $2.6M · Total revenue $36.2M
7%
Earned-income share
Program service revenue $23.3M · Total revenue $36.2M
64%
Investment reliance
Investment income $8.6M · Total revenue $36.2M
+24%
Program self-sufficiency
Program service revenue $23.3M · Total expenses $30.2M
77%
Growth & trend
Revenue growth (YoY)
This year $36.2M · Prior year $30.4M
+19%
Revenue CAGR
FY2020 $20.8M · FY2024 $36.2M
+15%
Net-asset trend (YoY)
End of year $26.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $36.2M · Expenses $30.2M
+17%
Liabilities-to-Assets
Total liabilities — · Total assets $120.0M
Net-asset ratio
Net assets $26.5M · Total assets $120.0M
22%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $120.0M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Margaret Salazar · Reported title PRESIDENT & CEO · Highest reported compensation $219K · Total expenses $30.2M
0.7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $13.5M · Total expenses $30.2M
45%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 10%
Fundraising cost ratio 6%
Revenue growth 19%
Legal fee ratio 0.7%
Accounting fee ratio 0.8%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 37 grants · $1.8M · 2020–2021
Reach Argyle Limited PartnershipFY2021$502,473
Cascadia Village Apartments LLCFY2021$94,028
Reach Got LLCFY2021$77,274
Reach 62nd Avenue LLCFY2021$70,394
Covington Commons LPFY2021$67,259
Albina Corner Limited PartnershipFY2021$52,637
Reach B49 Partners Limited PartnershipFY2021$45,471
72nd and Foster LPFY2021$36,173
Reach Ritzdorf LLCFY2021$35,142
McCuller Associates Limited PartnershipFY2021$33,811
Pine Street Associates Limited PartnershipFY2021$26,978
Fruit Valley Limited PartnershipFY2021$26,558
Floyd Light Apartments LLCFY2021$23,211
The Mews at Cv LLCFY2021$22,938
Reach Gateway Senior Housing Limited PartnershipFY2021$22,100
Sp Tower Limited PartnershipFY2021$20,692
Reach Allen-Fremont LLCFY2021$19,942
Reach Laurelhurst LLCFY2021$19,765
See all 37 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$36.2M revenue · viewing · ⤓ 990 PDF
FY2023$30.4M revenue · ⤓ 990 PDF
FY2022$25.3M revenue · ⤓ 990 PDF
FY2021$29.6M revenue · ⤓ 990 PDF
FY2020$20.8M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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