Institute For Responsible Housing Preservation
- Assets
- $283.2k
- Revenue
- $654.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 04/1990
- Data as of
- 09/2021
- EIN
- 52-1653533
Organization Overview
Institute For Responsible Housing Preservation is located in Washington, DC. The organization was established in 1990. According to its NTEE Classification (L05) the organization is classified as: Research Institutes & Public Policy Analysis, 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. Institute For Responsible Housing Preservation 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 09/2021, Institute For Responsible Housing Preservation generated $654.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $682.1k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (2.4%) 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
TO PRESERVE SUBSIDIZED HOUSING FOR LOW INCOME USE; PROVIDED MEMBERS WITH EDUCATIONAL AND INFORMATIONAL MATERIALS; TO PRESENT MEMBER VIEWS TO APPROPRIATE LEGISLATIVE AND ADMINISTRATIVE OFFICIALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PRESERVE SUBSIDIZED HOUSING FOR LOW INCOME USE; PROVIDED MEMBERS WITH EDUCATIONAL AND INFORMATIONAL MATERIALS; TO PRESENT MEMBER VIEWS TO APPROPRIATE LEGISLATIVE AND ADMINISTRATIVE OFFICIALS. WE HOLD SEMINARS ON THE TOPICS ABOVE FOR ANY PRACTITIONER OF THE AFFORDABLE HOUSING PRESERVATION INDUSTRY. IN ADDITION WE HOLD AN ANNUAL AND MID -YEAR MEETING SPECIFICALLY FOR OUR MEMBERS TO UPDATE THEM ON INFORMATION PERTINENT TO THE INDUSTRY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randall Kelly President | OfficerTrustee | 1 | $0 |
Margaret Wagner Vice President | OfficerTrustee | 1 | $0 |
Chuck Treatch Secretary | OfficerTrustee | 1 | $0 |
Richard Pierce Treasurer | OfficerTrustee | 1 | $0 |
Alex Viorst Chairman | OfficerTrustee | 1 | $0 |
Linda D Kirk Executive Director | Officer | 40 | $0 |
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 | $105,205 |
| Investment income | $5 |
| 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 | $654,526 |
| 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 | $137,119 |
| Fees for services: Legal | $275,000 |
| Fees for services: Accounting | $3,705 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,142 |
| Information technology | $100 |
| Royalties | $0 |
| Occupancy | $8,766 |
| Travel | $828 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $682,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $276,880 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,323 |
| Total assets | $283,203 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $283,203 |
| Total liabilities and net assets/fund balances | $283,203 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Institute For Responsible Housing Preservation has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
National Foundation For Affordable Housing Solutions Inc North Bethesda, MD PURPOSE: DEVELOP, PRESERVE, AND OWN QUALITY, AFFORDABLE PLACES TO LIVE AND TO PROMOTE STABILITY AND OPPORTUNITY FOR OUR RESIDENTS | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Manufactured Housing Institute Arlington, VA | $8,789,022 | $5,319,106 |
Institute For Responsible Housing Preservation Washington, DC | $283,203 | $654,526 |
National Rural Housing Coalition Washington, DC | $125,952 | $355,160 |
Construction Specifications Institute Foundation Inc Alexandria, VA | $645,321 | $104,674 |
Center For Housing Policy Washington, DC | $0 | $0 |