Institute For Responsible Housing Preservation
- Assets
- $352.5k
- Revenue
- $439.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 04/1990
- Data as of
- 09/2023
- 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 09/2023, Institute For Responsible Housing Preservation generated $439.6k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $535.9k during the year ending 09/2023. 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
TO PRESERVE SUBSIDIZED HOUSING FOR LOW INCOME USE BY PROVIDING MEMBERS WITH EDUCATIONAL AND INFORMATIONAL MATERIALS, AND PRESENTING MEMBER VIEWS TO APPROPRIATE LEGISLATIVE AND ADMINISTRATIVE OFFICIALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HOLDS SEMINARS ON THE TOPICS ABOVE FOR ANY PRACTITIONER OF THE AFFORDABLE HOUSING PRESERVATION INDUSTRY, AS WELL AS ANNUAL AND MID-YEAR MEETINGS SPECIFICALLY FOR MEMBERS TO UPDATE THEM ON INFORMATION PERTINENT TO THE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randall Kelly President | OfficerTrustee | 1 | $0 |
Chuck Treatch Vice President | OfficerTrustee | 1 | $0 |
Ed Lippincott Secretary | OfficerTrustee | 1 | $0 |
John Parreco Treasurer | OfficerTrustee | 1 | $0 |
Margaret Wagner Chairman | OfficerTrustee | 1 | $0 |
Matthew Kesselhaut Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mg Housing Strategies Affordable Housing Consultants | 9/29/23 | $120,000 |
Nixon Peabody Llp Legal Services | 9/29/23 | $263,080 |
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 | $439,490 |
| Investment income | $66 |
| 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 | $439,556 |
| 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 | $0 |
| Fees for services: Legal | $73,080 |
| Fees for services: Accounting | $3,859 |
| 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 | $10,950 |
| Information technology | $4,578 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,984 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $130,653 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $821 |
| All other expenses | $310,000 |
| Total functional expenses | $535,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $347,446 |
| 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 | $5,011 |
| Total assets | $352,457 |
| 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 | $352,457 |
| Total liabilities and net assets/fund balances | $352,457 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Manufactured Housing Institute Arlington, VA | $9,862,453 | $6,811,851 |
Institute For Responsible Housing Preservation Washington, DC | $352,457 | $439,556 |
National Rural Housing Coalition Washington, DC | $22,242 | $343,557 |
Construction Specifications Institute Foundation Inc Alexandria, VA | $811,401 | $31,468 |
Joel Forshaw Memorial Foundation Sandston, VA | $122 | $440 |
Center For Housing Policy Washington, DC | $0 | $0 |