Nw Housing Preservation Group
- Assets
- $15.6m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Edmonds, WA
- Founding
- 08/1994
- Data as of
- 12/2023
- EIN
- 91-1608288
Organization Overview
Nw Housing Preservation Group is located in Edmonds, WA. The organization was established in 1994. According to its NTEE Classification (S82) the organization is classified as: Mens Service Clubs, 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. Nw Housing Preservation Group 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 12/2023, Nw Housing Preservation Group generated $1.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $989.7k during the year ending 12/2023. While expenses have increased by 2.8% per year over the past 8 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 ORGANIZATION OWNS AND OPERATES A 122-UNIT SENIOR LOW-INCOME APARTMENT FACILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF QUALIFIED LOW-INCOME HOUSING PROJECT UNDER IRC SECTION 42.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grant Dull Director | Trustee | 1 | $0 |
Michael Echelbarger Director | Trustee | 1 | $0 |
Bob Fadden Director | Trustee | 1 | $0 |
Neil Heineman Vice Preside | Trustee | 1 | $0 |
James P Morino President | Trustee | 1 | $0 |
Per E Oscarsson Director | Trustee | 1 | $0 |
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 | $1,522,054 |
| Investment income | $151,698 |
| 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 | $1,673,752 |
| 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 | $184,338 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,393 |
| Payroll taxes | $23,028 |
| Fees for services: Management | $73,379 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,003 |
| Office expenses | $14,182 |
| 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 | $52,729 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $229,690 |
| Insurance | $0 |
| All other expenses | $18,135 |
| Total functional expenses | $989,672 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,210 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $900 |
| 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 | $32,684 |
| Net Land, buildings, and equipment | $7,166,834 |
| Investments—publicly traded securities | $5,024,482 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,324,951 |
| Total assets | $15,581,061 |
| Accounts payable and accrued expenses | $16,732 |
| Grants payable | $0 |
| Deferred revenue | $8,804 |
| 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 | $1,393,074 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $31,724 |
| Total liabilities | $1,450,334 |
| Net assets without donor restrictions | $14,130,727 |
| 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 | $15,581,061 |