Nwgm Title Holding Company Ii Inc
- Assets
- $2.3m
- Revenue
- $848.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Manchester, NH
- Founding
- 09/2013
- Data as of
- 03/2022
- EIN
- 45-4933071
Organization Overview
Nwgm Title Holding Company Ii Inc is located in Manchester, NH. The organization was established in 2013. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nwgm Title Holding Company Ii Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 03/2022, Nwgm Title Holding Company Ii Inc generated $848.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.6% each year . All expenses for the organization totaled $351.8k during the year ending 03/2022. While expenses have increased by 19.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TITLE HOLDING COMPANY FOR LOW INCOME HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
NWGM TITLE HOLDING COMPANY II, INC. ACQUIRES PROPERTIES AND EITHER REHABS AND SELLS THE PROPERTIES OR HOLDS THE PROPERTIES AS RENTAL UNITS IN TARGETED NEIGHBORHOODS. THE RENTAL PROPERTIES ARE OFFERED AT BELOW MARKET RATES TO ASSIST LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES. THE FOR-SALE PROPERTIES ARE COMPLETELY REHABBED TO ENSURE COMPLIANCE WITH CURRENT BUILDING AND SAFETY CODES AND TO PROVIDE A SAFE CLEAN HOME AT AN AFFORDABLE PRICE TO POTENTIAL BUYERS. THE GOAL IS TO SECURE PROPERTIES IN CLOSE PROXIMITY TO EACH OTHER IN ORDER TO MAKE THE GREATEST IMPACT ON A NEIGHBORHOOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Brewster Treasurer | OfficerTrustee | 4 | $0 |
Robert Tourigny President | OfficerTrustee | 4 | $0 |
Jennifer Vadney Secretary | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $300,000 |
| Government grants | $480,460 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $780,460 |
| Total Program Service Revenue | $198,744 |
| Investment income | $37 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$130,880 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $848,361 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $24,851 |
| Fees for services: Legal | $4,625 |
| Fees for services: Accounting | $4,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $319 |
| Office expenses | $601 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $112,787 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,525 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,563 |
| Insurance | $12,014 |
| All other expenses | $0 |
| Total functional expenses | $351,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $578,466 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,927 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,645,715 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,006 |
| Total assets | $2,333,114 |
| Accounts payable and accrued expenses | $24,500 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,602 |
| Total liabilities | $36,102 |
| Net assets without donor restrictions | $2,297,012 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,333,114 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Nwgm Title Holding Company Ii Inc has recieved totaling $300,000.
| Awarding Organization | Amount |
|---|---|
Manchester Neighborhood Housing Services Inc Manchester, NH PURPOSE: Pass thru tax credits received from NH CDFA. | $300,000 |
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