National Association Of Housing Cooperatives
- Assets
- $228.9k
- Revenue
- $426.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 01/2004
- Data as of
- 12/2021
- EIN
- 52-1108396
Organization Overview
National Association Of Housing Cooperatives is located in Washington, DC. The organization was established in 2004. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes. National Association Of Housing Cooperatives is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, National Association Of Housing Cooperatives generated $426.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $426.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 3 years. 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
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROMOTE THE DEVELOPMENT AND OPERATION OF HOUSING CO-OPERATIVES. ITS PROGRAMS INCLUDE MEMBERSHIP SERVICES, TRAINING AND EDUCATION, AND CONTRACT ASSISTANCE. MEMBERSHIP SERVICES CONSISTS PRIMARILY OF ACTIVITIES IN THE FOLLOWING AREAS: PUBLICATIONS OF TECHNICAL INFORMATION ON ALL ASPECTS OF HOUSING COOPERATIVES, PUBLICATION OF A BI-MONTHLY NEWSLETTER AND ANNUAL MAGAZINE, TECHNICAL ASSISTANCE ON THE DEVELOPMENT AND OPERATION OF HOUSING COOPERATIVES, GOVERNMENT RELATIONS PROGRAMS REPRESENTING HOUSING COOPERATIVES ON ISSUES OF CONCERN BEFORE FEDERAL AGENCIES AND MONITORING ISSUES OF CONCERN THAT ARE BEFORE CONGRESS. TRAINING AND EDUCATION CONSISTS PRIMARILY OF SPONSORSHIP OF THE ANNUAL CONFERENCE, COORDINATION OF TRAINING PROGRAMS, AND PERFORMANCE OF SERVICES UNDER TRAINING AND ASSISTANCE CONTRACTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP & OTHER SERVICES PROVIDES MEMBERS WITH INFORMATION ON CO-OPERATIVE HOUSING ISSUES.
ANNUAL CONFERENCE PROVIDES OPPORTUNITY TO EXCHANGE INFORMATION AND ATTEND TRAINING SESSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Carlson Chairman | OfficerTrustee | 5 | $0 |
Fred Gibbs President | OfficerTrustee | 5 | $0 |
Randall Pentiuk Vice President | OfficerTrustee | 5 | $0 |
Karen Harvey Secretary | OfficerTrustee | 5 | $0 |
Hugh Jeffers Treasurer | OfficerTrustee | 5 | $0 |
Alex Aho Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,933 |
| Investment income | $6 |
| 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 | $426,230 |
| Statement of Expenses | |
|---|---|
| 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 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 | $254,136 |
| 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 | $67,473 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,444 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,197 |
| All other expenses | $0 |
| Total functional expenses | $426,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,169 |
| Savings and temporary cash investments | $66,101 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,812 |
| 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 | $21,817 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $228,899 |
| Accounts payable and accrued expenses | $86,986 |
| Grants payable | $0 |
| Deferred revenue | $405 |
| 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 | $119,600 |
| Other liabilities | $0 |
| Total liabilities | $206,991 |
| Net assets without donor restrictions | $21,908 |
| 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 |
| Total liabilities and net assets/fund balances | $21,908 |