Nw Housing Preservation Group
- Assets
- $14.8m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 2
- Location
- Camano Island, WA
- Founding
- 08/1994
- Data as of
- 12/2021
- EIN
- 91-1608288
Organization Overview
Nw Housing Preservation Group is located in Camano Island, 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. As of 12/2021, Nw Housing Preservation Group employed 2 individuals. 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 12/2021, Nw Housing Preservation Group generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $765.3k during the year ending 12/2021. While expenses have increased by 0.2% 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
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 |
|---|---|---|---|
Michael Echelbarger Director | Trustee | 1 | $0 |
Grant Dull Director | Trustee | 1 | $0 |
Bob Fadden Director | Trustee | 1 | $0 |
James P Morino President | Trustee | 1 | $0 |
Doug Repman Vice Preside | Trustee | 2 | $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 | $1,263,405 |
| Investment income | $131,699 |
| 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 | $1,395,104 |
| 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 | $96,374 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,573 |
| Payroll taxes | $9,450 |
| Fees for services: Management | $50,809 |
| Fees for services: Legal | $2,248 |
| Fees for services: Accounting | $8,802 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,090 |
| Advertising and promotion | $968 |
| Office expenses | $14,183 |
| 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 | $67,065 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $212,627 |
| Insurance | $36,402 |
| All other expenses | $20,418 |
| Total functional expenses | $765,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $376,168 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,035 |
| 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 | $23,245 |
| Net Land, buildings, and equipment | $6,608,794 |
| Investments—publicly traded securities | $5,661,282 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,172,598 |
| Total assets | $14,845,122 |
| Accounts payable and accrued expenses | $30,075 |
| Grants payable | $0 |
| Deferred revenue | $1,506 |
| 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 | $1,762,411 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,524 |
| Total liabilities | $1,817,516 |
| Net assets without donor restrictions | $13,027,606 |
| 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 | $14,845,122 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nw Housing Preservation Group Camano Island, WA | $14,845,122 | $1,395,104 |
Rotary Club No 380 Charitable Association Inc Idaho Falls, ID | $132,365 | $79,009 |
Independent Order Of Odd Fellows Buckley, WA | $41,133,232 | $3,435,823 |
Benevolent & Protective Order Of Elks Of The Usa Florence, OR | $1,922,009 | $728,361 |
Yakima Rotary Charities Yakima, WA | $808,476 | $662,375 |
Benevolent & Protective Order Of Elks Of The Usa Hood River, OR | $631,918 | $360,971 |
University Rotary Service Fund Seattle, WA | $2,020,318 | $202,554 |
Odd Fellows Cemetery Association Lebanon, OR | $2,604,273 | $203,291 |
Rotary Community Service Inc Spokane, WA | $223,982 | $197,710 |
Kiwanis Doernbecher Childrens Cancer Program Gresham, OR | $279,834 | $190,130 |
Sisters Kiwanis Community Service Foundation Sisters, OR | $640,107 | $200,747 |
Newberg Rotary Foundation Newberg, OR | $515,151 | $82,423 |