Housing Policy Council
- Assets
- $5.1m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 8
- Location
- Washington, DC
- Founding
- Data as of
- 12/2023
- EIN
- 83-2778151
Organization Overview
Housing Policy Council is located in Washington, DC. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Housing Policy Council employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Policy Council is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Housing Policy Council generated $5.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $4.7m during the year ending 12/2023. While expenses have increased by 5.8% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
501 (C)(6) BUSINESS LEAGUE WHOSE MEMBERS PARTICIPATE IN MORTGAGE FINANCE FOR RESIDENTIAL HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING POLICY COUNCIL PROGRAM FOCUSES ON ADVOCACY IN THE AREAS OF HOUSING REGULATORY POLICY, HOUSING FINANCE REFORM, AFFORDABLE HOUSING POLICIES, AND ADVANCED TECHNOLOGY PLATFORMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Demarco President | Officer | 40 | $773,094 |
Meg Burns Executive Vice President | Officer | 40 | $587,707 |
Michael Gill Senior Vice President | 40 | $428,440 | |
Matthew Douglas Vice President | 40 | $267,164 | |
Sheryl Pardo Vice President | 35 | $211,176 | |
Bernard Fulton Vice President Through July 2023 | 40 | $165,654 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sivon Natter & Wechler Legal | 12/30/23 | $378,768 |
The Smith Free Group Consulting | 12/30/23 | $190,000 |
Daniel J Edelman Inc Consulting | 12/30/23 | $168,000 |
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 | $4,914,100 |
| Investment income | $166,031 |
| 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 | $5,092,240 |
| 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. | $1,458,075 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,278,157 |
| Pension plan accruals and contributions | $103,543 |
| Other employee benefits | $94,724 |
| Payroll taxes | $112,140 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $240,121 |
| Fees for services: Accounting | $53,871 |
| Fees for services: Lobbying | $350,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $356,108 |
| Advertising and promotion | $0 |
| Office expenses | $23,978 |
| Information technology | $28,630 |
| Royalties | $0 |
| Occupancy | $149,232 |
| Travel | $14,545 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $335,550 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,482 |
| Insurance | $10,283 |
| All other expenses | $94,220 |
| Total functional expenses | $4,721,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $603,874 |
| Savings and temporary cash investments | $4,120,753 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $589 |
| 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 | $14,460 |
| Net Land, buildings, and equipment | $129,753 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $257,328 |
| Total assets | $5,126,757 |
| Accounts payable and accrued expenses | $626,978 |
| Grants payable | $0 |
| Deferred revenue | $200,000 |
| 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 | $275,628 |
| Total liabilities | $1,102,606 |
| Net assets without donor restrictions | $4,024,151 |
| 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 | $5,126,757 |