National Multifamily Housing Council
- Assets
- $15.9m
- Revenue
- $14.6m
- Investments
- $0.0
- Employees
- 46
- Location
- Washington, DC
- Founding
- 12/1978
- Data as of
- 06/2021
- EIN
- 52-1127504
Organization Overview
National Multifamily Housing Council is located in Washington, DC. The organization was established in 1978. According to its NTEE Classification (L01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, National Multifamily Housing Council employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Multifamily Housing 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 06/2021, National Multifamily Housing Council generated $14.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $14.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 6 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
ADVOCATE FOR MULTI-FAMILY RENTAL ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NMHC ADVOCATES FOR MULTIFAMILY RENTAL ORGANIZATIONS. WORKING CLOSELY WITH CONGRESS, THE EXECUTIVE BRANCH, AND FEDERAL REGULATORY OFFICIALS, NMHC ACTIVELY HELPED SHAPE LEGISLATION AND REGULATIONS THAT AFFECT THE INDUSTRY. THE COUNCIL CONCENTRATES ON PUBLIC POLICIES THAT ARE OF STRATEGIC IMPORTANCE TO PARTICIPANTS IN MULTIFAMILY HOUSING, INCLUDING HOUSING FINANCE, TAX, TECHNOLOGY, PROPERTY MANAGEMENT, ENVIRONMENTAL AND BUILDING CODES. LEGISLATIVE CONSULTANTS AND COALITIONS PROVIDE CRITICAL INFORMATION AS PART OF THE COUNCIL'S ADVOCACY EFFORTS.
NMHC IS ACKNOWLEDGED AS THE PREEMINENT SOURCE OF APARTMENT RELATED INFORMATION. NMHC RESEARCH INITIATIVES ASSIST MEMBERS IN MAKING CRITICAL BUSINESS DECISIONS, IMPROVE THE INDUSTRY'S POLICY AND REGULATORY ENVIRONMENT, AND PROVIDE CONSUMERS WITH FULL INFORMATION ON THEIR HOUSING CHOICES. NMHC MEETINGS ARE AN EFFECTIVE WAY TO SHARE STRATEGIC INFORMATION WITH MEMBERS WHILE PROVIDING THEM WITH NETWORKING OPPORTUNITIES TO EXCHANGE INFORMATION AND DEVELOP NEW BUSINESS OPPORTUNITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Bibby President | OfficerTrustee | 50 | $944,000 |
Cindy Chetti Senior Vice President | Officer | 50 | $381,000 |
Kenny Emson COO Assistant Treasurer | Officer | 50 | $371,000 |
Kim Duty Senior Vice President | 50 | $297,500 | |
Eileen Lee Vice President | 50 | $261,000 | |
Matthew Berger Vice President | 50 | $258,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Seven Letter Strategic Comm Consulting | 6/29/20 | $383,621 |
Home Front Communications Llc Always-on Program Execution | 6/29/20 | $419,400 |
Russell Reynolds Associates Inc Professional Services | 6/29/20 | $256,235 |
Capitol Tax Partners Llc Professional Services | 6/29/20 | $192,500 |
Beck Research National Research | 6/29/20 | $157,182 |
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 | $13,682,837 |
| Investment income | $314,149 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $351,746 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,556,051 |
| 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. | $2,009,317 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,114,956 |
| Pension plan accruals and contributions | $507,222 |
| Other employee benefits | $681,124 |
| Payroll taxes | $510,233 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,024 |
| Fees for services: Accounting | $41,689 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $585,313 |
| Advertising and promotion | $84,039 |
| Office expenses | $490,180 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $803,026 |
| Travel | $34,658 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,146,681 |
| Interest | $588 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $89,702 |
| Insurance | $0 |
| All other expenses | $5,317 |
| Total functional expenses | $14,629,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,144,573 |
| 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 | $0 |
| Net Land, buildings, and equipment | $117,747 |
| Investments—publicly traded securities | $12,529,411 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $70,115 |
| Total assets | $15,861,846 |
| Accounts payable and accrued expenses | $0 |
| 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 | $12,081 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $36,250 |
| Total liabilities | $48,331 |
| Net assets without donor restrictions | $15,813,515 |
| 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 | $15,861,846 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hudson Institute Inc Washington, DC | $103,422,402 | $23,200,201 |
National Multifamily Housing Council Washington, DC | $15,861,846 | $14,556,051 |
National Council Of State Housing Agencies Washington, DC | $16,728,436 | $4,863,246 |
Arda Resort Owners Coalition Washington, DC | $8,056,340 | $3,424,465 |
Home Building Association Of Richmond Richmond, VA | $4,565,404 | $1,552,331 |
National Housing Endowment A Nonprofit Corporation Washington, DC | $31,315,078 | $3,340,023 |
Coalition For Housing Opportunities Inc Winchester, VA | $1,363,729 | $1,242,858 |
The Affordable Housing Tax Credit Coalition Wahington, DC | $1,568,164 | $1,292,671 |
People For Better Housing Inc Federalsburg, MD | $2,677,151 | $843,041 |
Northern Virginia Affordable Housing Alliance Alexandria, VA | $100,356 | $231,820 |
Transpire Inc Washington, DC | $37,288 | $0 |
Virginia Housing And Community Development Corporation Suffolk, VA | $398,875 | $0 |