National Housing Center Corp
- Assets
- $56.8m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 09/1997
- Data as of
- 12/2022
- EIN
- 53-0114636
Organization Overview
National Housing Center Corp is located in Washington, DC. The organization was established in 1997. According to its NTEE Classification (L03) the organization is classified as: Professional Societies & Associations, 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. National Housing Center Corp 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, National Housing Center Corp generated $8.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $5.9m 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 HOLD REAL ESTATE AND COLLECT INCOME ON BEHALF OF THE NATIONAL ASSN OF HOME BUILDERS OF THE U.S.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HOLDS REAL ESTATE, COLLECTS RENT PAYMENTS, AND MANAGES NONRESIDENTIAL RENTAL REAL ESTATE PROPERTY ON BEHALF OF THE NATIONAL ASSOCIATION OF HOME BUILDERS OF THE UNITED STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Fowke Immediate Past Chair | OfficerTrustee | 0.01 | $0 |
Jerry Konter Chairman Of The Board | OfficerTrustee | 0.01 | $0 |
Alicia Huey First Vice Chairman | OfficerTrustee | 0.01 | $0 |
Carl Harris Second Vice Chairman | OfficerTrustee | 0.01 | $0 |
Willard Hughes Third Vice Chairman | OfficerTrustee | 0.01 | $0 |
Gerald Howard President | Officer | 0.01 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tripp Contracting Llc Tenant Improvement | 12/30/22 | $432,772 |
All Seasons Corp Janitorial Services | 12/30/22 | $653,720 |
Transwestern Commercial Services Llc Property Management Fee | 12/30/22 | $560,058 |
Strickland Fire Protection Llc Garage Sprinkler | 12/30/22 | $116,592 |
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 | $8,045,337 |
| Investment income | $163 |
| 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 | $8,377,419 |
| 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 | $66,663 |
| 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 | $821,723 |
| Advertising and promotion | $0 |
| Office expenses | $33,267 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,016,743 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $796,632 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,549,598 |
| Insurance | $90,000 |
| All other expenses | $0 |
| Total functional expenses | $5,915,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $793,786 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,326,505 |
| 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 | $693,239 |
| Net Land, buildings, and equipment | $27,591,046 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,419,716 |
| Total assets | $56,824,292 |
| Accounts payable and accrued expenses | $599,187 |
| 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 | $17,581,743 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $327,886 |
| Total liabilities | $18,508,816 |
| Net assets without donor restrictions | $38,315,476 |
| 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 | $56,824,292 |