National Rental Home Council
- Assets
- $453.9k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 1
- Location
- Rockville, MD
- Founding
- 03/2016
- Data as of
- 12/2021
- EIN
- 47-4822520
Organization Overview
National Rental Home Council is located in Rockville, MD. The organization was established in 2016. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Rental Home 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 12/2021, National Rental Home Council generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 38.5% each year . All expenses for the organization totaled $1.5m 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 FURTHER THE COMMON BUSINESS INTEREST OF THE SINGLE-FAMILY RENTAL INDUSTRY; TO PROMOTE THE SINGLE-FAMILY RENTAL INDUSTRY'S EFFORTS TO REVIVE NEIGHBORHOODS, CREATE JOBS, STRENGTHEN HOUSING MARKET AND FILL AN IMPORTANT NEED IN TODAY'S EVOLVING HOUSING MARKET.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NRHC HAS WORKED TO RAISE AWARENESS OF AND ADVOCATE FOR THE SINGLE-FAMILY RENTAL INDUSTRY. THE COUNCIL HAS ESTABLISHED NEW SUBCOMMITTEES TO HELP MEET THE NRHC'S GOALS, AND RECENT SUBCOMMITTEE ACTIVITIES INCLUDING STATE-LEVEL ENGAGEMENT ON HOA'S AND A REPORT ON STANDARDIZED INDUSTRY DEFINITIONS AND TERMS AND METRICS FOR INVESTOR EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Howard Executive Director | 40 | $324,730 | |
Colleen Keating President | OfficerTrustee | 4 | $0 |
David Singelyn Vice President | OfficerTrustee | 4 | $0 |
Jeff Meriggi Secretary | OfficerTrustee | 4 | $0 |
Dallas Tanner Treasurer | OfficerTrustee | 4 | $0 |
Kevin Baldridge Director | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Seven Letter Consulting | 12/30/21 | $245,313 |
Kelley Short Outsourced Executive Director (Interim) | 12/30/21 | $102,890 |
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 | $1,390,037 |
| Investment income | $740 |
| 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 | $1,390,777 |
| 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. | $368,129 |
| 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 | $66,289 |
| Fees for services: Legal | $137,833 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $446,435 |
| Advertising and promotion | $156,910 |
| Office expenses | $63,099 |
| Information technology | $17,474 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,095 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,417 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,545,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $449,298 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $2,807 |
| Net Land, buildings, and equipment | $1,750 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $453,855 |
| Accounts payable and accrued expenses | $217,398 |
| Grants payable | $0 |
| Deferred revenue | $500,756 |
| 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 | $0 |
| Total liabilities | $718,154 |
| Net assets without donor restrictions | -$264,299 |
| 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 | $453,855 |
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