Proud Ground FY2023 filing

Tax-deductible

Portland, OR501(c)(3)Since 1999HousingEIN 93-1290320

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.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$138K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $6.6M a year · 79% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$138K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
22 mo
of spending, in cash
Looks good: 22.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $14K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6.8M
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$10.4M
+61% vs prior year
Spent
$1.9M
To programs
89%
Net assets
$47.6M
By yearFY2020–FY2024
Revenue
$10.4M
FY2023▲ +61%
Revenue by fiscal year
FY2020$7.0M
FY2021$6.4M
FY2022$6.5M
FY2023$10.4M
FY2024$11.4M
Expenses
$1.9M
FY2023▲ +52%
Expenses by fiscal year
FY2020$2.4M
FY2021$1.1M
FY2022$1.3M
FY2023$1.9M
FY2024$2.2M
Net assets
$47.6M
FY2023▲ +22%
Net assets by fiscal year
FY2020$28.5M
FY2021$33.9M
FY2022$39.1M
FY2023$47.6M
FY2024$56.8M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2001.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $1.7M Management & general 5% · $90K Fundraising 6% · $116K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

19 people listed on the 990; $138K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$86,954Pt VII · Sec A
$51,377Pt VII · Sec A
Co-Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Dominique Merryweather’s $138K as Executive Dir. is at the 15th percentile of top reported officer pay among 676 $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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Dominique Merryweather$138,268$51,377———
Diane Linn—$86,954$109,494$106,440$105,015

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Creates permanently affordable homes by using land trusts to subsidize purchase prices.

Provided by the organization

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2 program services account for $1.7M of program spending, described in the organization's own filed words · FY2023.
01

Homebuyer, homeowner and 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 ability to understand and break down barriers for these households.

$1.4Mprogram expense
02

Acquisition and project developmentnew construction the organization has partnered with private and nonprofit developers to design, finance, and construct homes to sell to income-qualified buyers. The organization either owns the land or will receive the title to the land when the improvements are sold to a new homeowner.

$337Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$14K
Grants paid · 6 grants · $561K · 2021–2024
Unitemized GrantFY2024$247,392
Unitemized GrantFY2024$69,005
Unitemized GrantFY2024$7,792
Unitemized GrantFY2023$206,556
Unitemized GrantFY2022$15,000
Unitemized GrantFY2021$15,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$10.4M
Ln 12
Gifts and grantsLn 1h$9.9M
Fees for servicesLn 2g$480K
Investment incomeLn 3$29K
Money outPt IX
$1.9M
Ln 25
Programscol B$1.7M
Managementcol C$90K
Fundraisingcol D$116K
Owns and owesPt X
$47.6M
net assets · Ln 32
Cash and savingsLn 1–2$3.5M
Total assetsLn 16$54.4M
LiabilitiesLn 26$6.8M
PeoplePt VI, VII
19
listed · VII A
PaidVII A2
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9.9M
Government grantsLn 1e$9.5M
Noncash giftsLn 1g$5.9M
Fees for servicesLn 2g$480K
Investment incomeLn 3$29K
Other incomeLn 4–11$264
Gains on assetsLn 7$0
Total revenueLn 12$10.4M
Assets in detailPt X, end of year
CashLn 1$790K
SavingsLn 2$2.8M
Cash and savings togetherLn 1–2$3.5M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$46.6M
Other assetsLn 15$3.8M
Total assetsLn 16$54.4M
LiabilitiesLn 26$6.8M
Net assetsLn 32$47.6M
OperationsPt I, VI
EmployeesI 512
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$2.3M$3.5M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$38.2M$46.6M
Total assetsLn 16$41.5M$54.4M
LiabilitiesLn 26$2.4M$6.8M
Net assetsLn 32$39.1M$47.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$207K$207K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$150K$132K$10K$8K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$726K$639K$50K$38K
Pension plan contributionsLn 8$18K$16K$1K$939
Other employee benefitsLn 9$66K$58K$4K$3K
Payroll taxesLn 10$71K$62K$5K$4K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$439K$374K$9K$56K
Advertising and promotionLn 12$5K$4K$782
Office expensesLn 13$4K$3K$223$143
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$57K$50K$4K$3K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$87K$82K$3K$2K
InterestLn 20$12K$12K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$603$531$41$31
InsuranceLn 23$46K$45K$731$553
Other expenses (24a–d)Ln 24$43K$41K$2K$760
All other expensesLn 24e$3K$2K$510$126
Total functional expensesLn 25$1.9M$1.7M$90K$116K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $11.4M$2.2M$9.2M$56.8M 990 PDF
FY2023 Viewing $10.4M$1.9M$8.5M$47.6M 990 PDF
FY2022 $6.5M$1.3M$5.2M$39.1M 990 PDF
FY2021 $6.4M$1.1M$5.4M$33.9M 990 PDF
FY2020 $7.0M$2.4M$4.5M$28.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $10,403,303 across 12 lines filed
VIII-1e Government grants$9,495,148
VIII-1f All other contributions, gifts and grants$398,996
VIII-1g Noncash contributions (included above)$5,944,000
VIII-1h Total contributions, gifts and grants$9,894,144
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $479,577$479,577
VIII-3 Investment incomeExcluded from tax $29,318$29,318
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $264$264
VIII-12 Total revenueRelated to mission $479,841 · Excluded from tax $29,318$10,403,303
Part IX · Statement of functional expenses $1,933,931 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $206,556$206,556
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $132,330 · Management $10,292 · Fundraising $7,769$150,391
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $639,016 · Management $49,699 · Fundraising $37,519$726,234
IX-8 Pension plan contributionsPrograms $15,999 · Management $1,244 · Fundraising $939$18,182
IX-9 Other employee benefitsPrograms $57,689 · Management $4,487 · Fundraising $3,387$65,563
IX-10 Payroll taxesPrograms $62,266 · Management $4,843 · Fundraising $3,656$70,765
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $374,324 · Management $8,922 · Fundraising $55,775$439,021
IX-12 Advertising and promotionPrograms $3,726 · Management $782$4,508
IX-13 Office expensesPrograms $3,369 · Management $223 · Fundraising $143$3,735
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $50,402 · Management $3,540 · Fundraising $2,678$56,620
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $82,014 · Management $2,741 · Fundraising $2,378$87,133
IX-20 InterestPrograms $12,000$12,000
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $531 · Management $41 · Fundraising $31$603
IX-23 InsurancePrograms $45,020 · Management $731 · Fundraising $553$46,304
IX-24 Other expenses (24a–d)Programs $40,928 · Management $1,526 · Fundraising $760$43,214
IX-24e All other expensesPrograms $2,466 · Management $510 · Fundraising $126$3,102
IX-25 Total functional expensesPrograms $1,728,636 · Management $89,581 · Fundraising $115,714$1,933,931
Part X · Balance sheet $54,404,424 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $620,682$789,525
X-2 Savings and temporary cash investmentsStart of year $1,642,631$2,750,021
X-3 Pledges and grants receivableStart of year $764,664$425,181
X-4 Accounts receivableStart of year $83,067$29,988
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $19,902$22,050
X-10c Land, buildings and equipment, netStart of year $38,219,700$46,621,906
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $181,317$3,765,753
X-16 Total assetsStart of year $41,531,963$54,404,424
X-17 Accounts payable and accrued expensesStart of year $67,684$119,701
X-19 Deferred revenueStart of year $13,590$1,289,221
X-24 Unsecured notes and loans payableStart of year $400,000$400,000
X-25 Other liabilitiesStart of year $439,811$360,025
X-26 Total liabilitiesStart of year $2,444,959$6,848,048
X-27 Net assets without donor restrictionsStart of year $1,811,038$2,080,596
X-28 Net assets with donor restrictionsStart of year $37,275,966$45,475,780
X-32 Total net assets or fund balancesStart of year $39,087,004$47,556,376
X-33 Total liabilities and net assetsStart of year $41,531,963$54,404,424
Part XI · Reconciliation of net assets $47,556,376 net assets at year end
XI-1 Total revenue$10,403,303
XI-2 Total expenses$1,933,931
XI-3 Revenue less expenses$8,469,372
XI-4 Net assets at start of year$39,087,004
XI-10 Net assets at end of year$47,556,376

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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