National Housing Center Corp
- Assets
- $55.6m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 09/1997
- Data as of
- 12/2021
- EIN
- 53-0114636
Organization Overview
National Housing Center Corp is located in Washington, DC. The organization was established in 1997. According to its NTEE Classification (L03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Housing Center Corp 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 12/2021, National Housing Center Corp generated $8.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $5.9m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HOLD REAL ESTATE AND COLLECT INCOME ON BEHALF OF THE NATIONAL ASSN OF HOME BUILDERS OF THE U.S.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HOLDS REAL ESTATE, COLLECTS RENT PAYMENTS, AND MANAGES NONRESIDENTIAL RENTAL REAL ESTATE PROPERTY ON BEHALF OF THE NATIONAL ASSOCIATION OF HOME BUILDERS OF THE UNITED STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Fowke Chairman Of The Board | OfficerTrustee | 0.01 | $0 |
Jerry Konter First Vice Chairman | OfficerTrustee | 0.01 | $0 |
Alicia Huey Second Vice Chairman | OfficerTrustee | 0.01 | $0 |
Carl Harris Third Vice Chairman | OfficerTrustee | 0.01 | $0 |
Gregory Ugalde Immediate Past Chairman | OfficerTrustee | 0.01 | $0 |
James Rizzo Secretary | Officer | 0.01 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
All Seasons Corp Janitorial Services | 12/30/21 | $688,296 |
Transwestern Commercial Services Llc Property Management Fee | 12/30/21 | $504,783 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $8,453,618 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,807,162 |
| 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 | $67,215 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $782,735 |
| Advertising and promotion | $0 |
| Office expenses | $36,671 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $825,045 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $834,732 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,561,191 |
| Insurance | $90,000 |
| All other expenses | $0 |
| Total functional expenses | $5,860,229 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $714,949 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,670,925 |
| 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 | $984,935 |
| Net Land, buildings, and equipment | $28,256,394 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,924,622 |
| Total assets | $55,551,825 |
| Accounts payable and accrued expenses | $643,596 |
| 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 | $18,635,456 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $419,220 |
| Total liabilities | $19,698,272 |
| Net assets without donor restrictions | $35,853,553 |
| 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 | $55,551,825 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Leadingage Inc Washington, DC | $34,986,280 | $17,783,069 |
National Housing Center Corp Washington, DC | $55,551,825 | $8,807,162 |
National American Indian Housing Council Washington, DC | $5,348,139 | $3,809,714 |
National Association Of Residential Property Managers Chesapeake, VA | $7,197,610 | $3,141,683 |
Public Housing Authorities Directors Association Washington Dc, DC | $6,101,461 | $2,791,595 |
Association Of Foreign Investors In Real Estate Washington, DC | $2,165,663 | $2,052,109 |
Stewards Of Affordable Housing For The Future Washington, DC | $4,750,399 | $3,265,921 |
Nahma Inc Alexandria, VA | $1,371,765 | $1,737,919 |
National Housing Rehabilitation Association Washington, DC | $1,764,260 | $1,317,747 |
National Association Of Affordable Housing Lenders Washington, DC | $2,812,114 | $1,286,795 |
Home Builders Association Of Virginia Richmond, VA | $2,262,595 | $1,140,915 |
Dulles Area Association Of Realtors Ashburn, VA | $1,053,649 | $713,181 |