Multifamily Impact Council
- Assets
- $469.2k
- Revenue
- $592.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- Data as of
- 12/2023
- EIN
- 88-0844004
Organization Overview
Multifamily Impact Council is located in Sioux Falls, SD. 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. Multifamily Impact Council 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 12/2023, Multifamily Impact Council generated $592.1k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 59.8% each year . All expenses for the organization totaled $515.1k during the year ending 12/2023. While expenses have increased by 32.0% per year over the past 2 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MULTIFAMILY IMPACT COUNCIL WORKS TO ESTABLISH AND MAINTAIN MULTIFAMILY IMPACT INVESTMENTS AS A CREDIBLE, WIDELY ACCEPTED ASSET CLASS TO HELP INCREASE GLOBAL IMPACT CAPITAL FLOW INTO AFFORDABLE AND SUSTAINABLE RENTAL HOUSING IN THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMPLETED THE RESEARCH AND DRAFTING OF THE MULTIFAMILY IMPACT FRAMEWORK - AN INDUSTRY STANDARD OF PRINCIPLES AND REPORTING GUIDELINES FOR IMPACT INVESTING. FINAL 2023 VERSION OF THE FRAMEWORK WAS PUBLISHED AND MADE AVAILABLE AT NO COST FOR PUBLIC DOWNLOAD IN SEPTEMBER 2023.MAINTAINED AN ON-LINE PLATFORM TO SHARE INFORMATION, RESEARCH AND BEST PRACTICES TO OUR MEMBERS AND THE BROADER MULTI-FAMILY (MF) INDUSTRY VIA OUR MULTIFAMILY IMPACT COUNCIL (MIC) RESOURCE CENTER - AN ONLINE LIBRARY OF RESEARCH, TOOLS, AND BEST PRACTICES ACROSS EACH OF OUR 7 IMPACT PRINCIPLES.MAINTAINED A MONTHLY MIC NEWSLETTER AND QUARTERLY WEBINARS TO SHARE INFORMATION AND HIGHLIGHT BEST PRACTICES AND KEY TOPICS OF INTEREST TO THE MF IMPACT INVESTMENT COMMUNITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Simpson Pres, Treas, Sec & CEO | OfficerTrustee | 20 | $0 |
Antonio Marquez Chair | OfficerTrustee | 1 | $0 |
Summer Halti Vice Chair | OfficerTrustee | 1 | $0 |
Amanda Nunnink Board Member | Trustee | 1 | $0 |
Thom Amdur Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $580,000 |
| 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 | $580,000 |
| Total Program Service Revenue | $0 |
| Investment income | $12,134 |
| 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 | $592,134 |
| 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 | $432,875 |
| Fees for services: Legal | $2,200 |
| Fees for services: Accounting | $12,467 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $42,774 |
| Office expenses | $10,423 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,829 |
| 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 | $1,545 |
| Total functional expenses | $515,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $467,508 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,667 |
| 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 | $0 |
| Total assets | $469,175 |
| Accounts payable and accrued expenses | $35,501 |
| Grants payable | $0 |
| Deferred revenue | $420,208 |
| 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 | $455,709 |
| 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 | $13,466 |
| Total liabilities and net assets/fund balances | $469,175 |