Farmworker Housing Development Corporation

Nonprofit profile at a glance

EIN
931055994
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Woodburn, OR, USA
Phone
5039811618
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Housing, Shelter N.E.C.

Official website

Reported finances

Revenue
$7,224,981
Expenses
$9,930,565
Assets
$92,929,254
Liabilities
$37,069,603

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • REYNA LOPEZ (VICE PRESIDENT)
  • WENDY VELIZ (PRESIDENT)
  • MARIA ELENA GUERRA (EXECUTIVE DIRECTOR)

Highest reported compensation

  • MARIA ELENA GUERRA (EXECUTIVE DIRECTOR): $164,683 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Recognizing the vital contribution of farmworkers to our economy, the mission of fhdc is to develop farmworker leadership for stronger and more secure families and communities through affordable housing, social services, education and economic development. We carry out this mission by pursuing these goals: > to develop and manage affordable housing located within urban growth boundaries; > to provide social services that promote personal and economic self-sufficiency; > to include farmworkers in decision-making and ongoing project management; > to develop and support the leadership of farmworkers within the larger community; and > to build and strengthen community partnership

What it reported doing in 2024

Fhdc owns and operates farmworker housing in woodburn, stayton, sublimity, silverton, lebanon, salem, and independence, Oregon. Summerset village, westside housing apartments, colonia amistad, colonia jardines, colonia paz phase i, colonia libertad, nuevo amanecer iv, colonia unidad apartments, nuevo amnecer next generation, rd nuevo amanecer apartments, and colonia paz phase ii are properties that consist of 21, 22, 37, 19, 24, 47, 40, 56, 49, 40, and 116 rental units, respectively. Due to the requirements of the various sources of funding used in financing affordable housing, fhdc is required to maintain the housing for affordable purposes over varying amounts of time up to 50 years.

Operating model

Revenue model
Other-operating. 71% of the money available for current operations came from other operating revenue.
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

STRONG - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 96
  • Transparency & Controls: 65
  • Accountability: 100
  • Sustainability: 40
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 93.9%; rating input score 94
  • Fundraising efficiency: $83.78 raised per $1 spent on fundraising; rating input score 85; 85th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -37.4%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 9.36; rating input score 90; 90th percentile among comparable filings
  • Liabilities to assets ratio: 0.4; rating input score 27; 27th percentile among comparable filings
  • Officer compensation ratio: 1.7%; rating input score 78; 78th percentile among comparable filings

Growth

  • Program expense growth: 16.8% per year; rating input score 100; 81st percentile among comparable filings
  • Revenue growth: 14.2% per year; rating input score 100; 80th percentile among comparable filings
  • Asset growth: 13.4% per year; rating input score 100; 70th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 93.9% of spending went to programs
  • Governance: 10 of 10 board members independent · 8 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $9.3M in reported program spending
  • Leadership: top reported pay $165K · 11 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 11 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

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.
  • High — Sustainability: Operating margin scored 3/100.
  • High — Sustainability: Liabilities to assets ratio scored 27/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.