Northwestern Housing Enterprises Incorporated
- Assets
- $16.9m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Boone, NC
- Founding
- 09/1996
- Data as of
- 12/2021
- EIN
- 56-1924027
Organization Overview
Northwestern Housing Enterprises Incorporated is located in Boone, NC. The organization was established in 1996. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Northwestern Housing Enterprises Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Northwestern Housing Enterprises Incorporated generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $2.8m during the year ending 12/2021. While expenses have increased by 11.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
AFFORDABLE HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPING AND MAINTAINING AFFORDABLE HOUSING UNITS:SEVENTEEN (17) AFFORDABLE HOUSING DEVELOPMENTS HAVE BEEN COMPLETED, INCLUDING FOUR SPECIAL NEEDS FACILITIES PROVIDING HOUSING FOR 30 PHYSICALLY OR MENTALLY DISABLED LOW INCOME INDIVIDUALS; 29 HOMES HAVE BEEN SOLD AT ADVANTAGED PRICES TO LOW INCOME FAMILIES; 220 AFFORDABLE RENTAL UNITS ARE OWNED, MAINTAINED, MANAGED; 207 ADDITIONAL AFFORDABLE RENTAL UNITS HAVE BEEN DEVELOPED, WITH 127 OF THESE BEING ACTIVELY MANAGED (THE OTHER 80 WERE DEVELOPED FOR UNAFFILIATED COMPANIES AND ARE INDEPENDENTLY MANAGED); CERTAIN PRIVATE GRANT FUNDS HAVE BEEN USED FOR CAPACITY BUILDING PURPOSES.
ALLEVIATING HOMELESSNESS AND PROVIDING SUPPORTIVE SERVICES:GRANTS RECEIVED UNDER THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) SUPPORTIVE HOUSING PROGRAM (NOW PART OF THE SNAP PROGRAM) ARE RECEIVED AND MANAGED BY HOSPITALITY HOUSE OF NORTHWEST NORTH CAROLINA (AS OF APRIL 1, 2020) TO PROVIDE SHARED SUPPORTIVE SERVICES TO MENTALLY AND/OR PHYSICALLY DISABLED INDIVIDUALS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Benjamin Jak Reeves Chairman | OfficerTrustee | 0 | $0 |
Eg Ned Fowler President/ceo | Officer | 1 | $0 |
Aurelia Leonard Vice President/secretary | Officer | 1 | $0 |
Morgan Hess Treasurer/cfo | Officer | 1 | $0 |
Amy Butler Assistant Secretary | Officer | 1 | $0 |
David Blankenship Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $959,498 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,000,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,959,498 |
| Total Program Service Revenue | $758,219 |
| Investment income | $418 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,726 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,416,284 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,298 |
| 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 | $92,886 |
| Fees for services: Legal | $34,755 |
| Fees for services: Accounting | $27,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $590,149 |
| Advertising and promotion | $1,041 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $146,910 |
| Payments to affiliates | $408,099 |
| Depreciation, depletion, and amortization | $537,391 |
| Insurance | $61,741 |
| All other expenses | $34,195 |
| Total functional expenses | $2,779,457 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,981,721 |
| Savings and temporary cash investments | $988,450 |
| 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 | $2,603,778 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $10,475,167 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $92,003 |
| Other assets | $712,876 |
| Total assets | $16,853,995 |
| Accounts payable and accrued expenses | $668,318 |
| Grants payable | $0 |
| Deferred revenue | $234,890 |
| 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 | $9,275,619 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,400,383 |
| Total liabilities | $13,579,210 |
| Net assets without donor restrictions | $3,274,785 |
| 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 | $16,853,995 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Northwestern Housing Enterprises Incorporated has recieved totaling $2,075,000.
| Awarding Organization | Amount |
|---|---|
Dogwood Health Trust Asheville, NC PURPOSE: HISTORIC VALDESE WEAVERS MILL | $2,000,000 |
Dogwood Health Trust Asheville, NC PURPOSE: 9% APPLICATION 2022 AVERY COUNTY | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Big Canoe Property Owners Association Inc And Subsidiary Big Canoe, GA | $48,180,026 | $19,159,834 |
Shelter House Inc Reston, VA | $6,743,159 | $14,877,410 |
Alexandria Housing Development Corporation Alexandria, VA | $129,711,642 | $8,689,601 |
Habitat For Humanity Of Greater Nashville Nashville, TN | $71,491,096 | $16,513,254 |
Virginia Supportive Housing Richmond, VA | $30,778,021 | $11,444,363 |
Habitat For Humanity International Inc Memphis, TN | $13,622,959 | $12,248,424 |
Our Lady Of Peace Inc Roanoke, VA | $13,777,109 | $11,564,075 |
Guardian Center Inc Ooltewah, TN | $1,527,267 | $10,632,560 |
Jerusalem House Inc Atlanta, GA | $4,358,598 | $7,877,090 |
Habitat For Humanity International Inc Newport News, VA | $9,861,358 | $8,052,076 |
American Opportunity Foundation Atlanta, GA | $34,585,201 | $5,667,158 |
Recovery Place Community Services Inc Savannah, GA | $2,985,458 | $7,587,530 |