REACH Community Development
Legal name: Community Housing Iii Inc
Nonprofit profile at a glance
- EIN
- 010777882
- IRS 990 coverage
- 2011–2024
- Official website data refreshed
- Aug 2026
- Forms available
- Form 990 2024
- Location
- Portland, OR, US
- Phone
- 503-231-0682
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $238,517
- Expenses
- $381,006
- Assets
- $1,975,020
- Liabilities
- $282,931
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- MARGARET SALAZAR (PRESIDENT & CEO)
Highest reported compensation
- MARGARET SALAZAR (PRESIDENT & CEO): $264,357 total reported compensation
- TEKLE BUSHEN (CHIEF FINANCIAL OFFICER): $214,134 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To build a region where people of all backgrounds and income levels have the opportunity to live in quality homes they can afford.
What it reported doing in 2024
Fir grove apartments provides 31 units of housing to low-income, elderly persons in portland, Oregon. The apartment complex is operated in accordance with requirements and guidelines of the u.s. Department of housing and urban development.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 65
- Accountability: 86
- Sustainability: 31
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 91.7%; rating input score 92
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -59.7%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 5.18; rating input score 80; 80th percentile among comparable filings
- Liabilities to assets ratio: 0.14; rating input score 23; 23rd percentile among comparable filings
- Officer compensation ratio: 17.4%; rating input score 22; 22nd percentile among comparable filings
Growth
- Program expense growth: 1.9% per year; rating input score 100; 39th percentile among comparable filings
- Revenue growth: 3.9% per year; rating input score 100; 47th percentile among comparable filings
- Asset growth: -3.4% per year; rating input score 0; 13th percentile among comparable filings
Details
- What they do: 7 programs and campaigns described on the official site · 4 operating locations identified
- Where the money goes: 100% of revenue deployed · 91.7% of spending went to programs
- Governance: 12 of 12 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $349K in reported program spending
- Leadership: top reported pay $264K · 14 people listed · 0 of 6 pay-setting controls reported
- Consistency: 23 of 23 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Related organizations: 35 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- High — Sustainability: Operating margin scored 4/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 22/100.
- High — Sustainability: Liabilities to assets ratio scored 23/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.