Natca Membership Investments Inc
- Assets
- $10.3m
- Revenue
- $949.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 07/2000
- Data as of
- 12/2022
- EIN
- 52-2207220
Organization Overview
Natca Membership Investments Inc is located in Washington, DC. The organization was established in 2000. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, 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. Natca Membership Investments Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 12/2022, Natca Membership Investments Inc generated $949.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $744.4k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OWN AND OPERATE REAL PROPERTY FOR NATCA, A RELATED TAX-EXEMPT ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NMI OWNS AND OPERATES REAL PROPERTY LOCATED AT 1325 MASSACHUSETTS AVENUE, N.W., WASHINGTON D.C.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marguerite Graf Secretary | Officer | 2 | $0 |
Preet Virk Treasurer | Officer | 2 | $0 |
Michael Macdonald Director | Trustee | 2 | $0 |
Kevin Peterson Director | Trustee | 2 | $0 |
Tim Smith Director | Trustee | 2 | $0 |
Ricky Thompson President | Officer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cw Services Cleaning Service | 12/30/22 | $247,784 |
Gaghan Mechanical Inc Bldg Maintenance | 12/30/22 | $155,052 |
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 | $1,116,313 |
| Investment income | $42,552 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$170,455 |
| Net Gain/Loss on Asset Sales | -$38,923 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $949,487 |
| 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 | $12,777 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,266 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,031 |
| Advertising and promotion | $0 |
| Office expenses | $3,660 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $424,455 |
| Travel | $6,918 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $111,903 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $142,759 |
| Insurance | $6,831 |
| All other expenses | $8,783 |
| Total functional expenses | $744,383 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $157,432 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,300 |
| 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 | $227,621 |
| Net Land, buildings, and equipment | $7,783,109 |
| Investments—publicly traded securities | $1,970,504 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $146,841 |
| Total assets | $10,292,807 |
| Accounts payable and accrued expenses | $137,379 |
| Grants payable | $0 |
| Deferred revenue | $25,076 |
| 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 | $4,452,493 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,472 |
| Total liabilities | $4,636,420 |
| Net assets without donor restrictions | $5,656,387 |
| 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 | $10,292,807 |