Metro Multifamily Housing Association
- Assets
- $453.3k
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 12
- Location
- Tigard, OR
- Founding
- 03/1994
- Data as of
- 12/2022
- EIN
- 93-1102228
Organization Overview
Metro Multifamily Housing Association, operating under the name Multifamily Nw, is located in Tigard, OR. The organization was established in 1994. According to its NTEE Classification (L03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Multifamily Nw employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Multifamily Nw 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 12/2022, Multifamily Nw generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $2.9m during the year ending 12/2022. While expenses have increased by 5.9% 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.
Since 2016, Multifamily Nw has awarded 30 individual grants totaling $381,177. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MULTIFAMILY NW IS COMMITTED TO PROMOTING A HIGH DEGREE OF PROFESSIONALISM FOR RENTAL HOUSING PROVIDERS. WE SPONSOR EDUCATIONAL COURSES, DELIVER THE MOST COMPREHENSIVE REVIEWED SET OF FORMS IN THE STATE, AND ADVOCATE TO LOCAL AND STATE GOVERNMENTS ON BEHALF OF THE INDUSTRY TO ENSURE OUR MEMBERS THE BEST OPERATING ENVIRONMENT POSSIBLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION - PROVIDE EDUCATION TO THE COMMUNITY (PDX, SWV, WA AND RHOS) ON THE LAWS AND OPERATING ENVIRONMENT OF MULTIFAMILY RENTAL INDUSTRY.
TRADE SHOW - PROVIDE AWARENESS OF SERVICES AVAILABLE TO THE MULTIFAMILY HOUSING INDUSTRY AND PROVIDE EDUCATION ON THE LATEST DEVELOPMENTS IN THE INDUSTRY (SPECTRUM AND MAINTENANCE FAIR).
ACE AWARDS - RECOGNIZE THOSE CONTRIBUTING TO THE INDUSTRY IN A POSITIVE MANNER AND RAISE POSITIVE AWARENESS OF WHAT THE INDUSTRY PROVIDES TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renee Larsen President | OfficerTrustee | 0.5 | $0 |
Dan Mason Immediate Past President | OfficerTrustee | 0.5 | $0 |
Josh Lloyd Vice President | OfficerTrustee | 0.5 | $0 |
Andie Smith Secretary | OfficerTrustee | 0.5 | $0 |
Chris Hermanski Treasurer | OfficerTrustee | 2 | $0 |
Greg Frick Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Metro Exposition Recreation Commission Event Services | 12/30/22 | $190,850 |
Hubbell Communications Llc Pr Services | 12/30/22 | $188,689 |
National Apartment Association Rental Housing Services | 12/30/22 | $164,835 |
Mmc Consulting & Gov't Relations Service Lobbying Services | 12/30/22 | $120,000 |
Alpha Impressions Inc Printing Services | 12/30/22 | $112,928 |
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 | $1,788,554 |
| Investment income | $2,759 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $675,361 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $73,618 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,955 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,561,856 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $58,839 |
| 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. | $206,362 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $544,600 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $61,209 |
| Payroll taxes | $58,792 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $46,221 |
| Fees for services: Accounting | $9,398 |
| Fees for services: Lobbying | $120,195 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,340 |
| Advertising and promotion | $17,988 |
| Office expenses | $343,351 |
| Information technology | $68,176 |
| Royalties | $0 |
| Occupancy | $98,495 |
| Travel | $92,624 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $423,557 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,972 |
| Insurance | $4,044 |
| All other expenses | $0 |
| Total functional expenses | $2,937,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,361 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $137,702 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $60,778 |
| Prepaid expenses and deferred charges | $91,505 |
| Net Land, buildings, and equipment | $1,278 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,722 |
| Total assets | $453,346 |
| Accounts payable and accrued expenses | $33,517 |
| Grants payable | $0 |
| Deferred revenue | $14,422 |
| 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 | $47,939 |
| 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 | $405,407 |
| Total liabilities and net assets/fund balances | $453,346 |
Grants Awarded
Over the last fiscal year, Metro Multifamily Housing Association has awarded $56,792 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY PARTNERS FOR AFFORDABLE HOUSING PURPOSE: GENERAL SUPPORT | $16,679 |
NW PILOT PROJECT INC PURPOSE: GENERAL SUPPORT | $16,887 |
OREGON PARALYZED VETERANS OF AMERICA PURPOSE: GENERAL SUPPORT | $6,547 |
HOUGH FOUNDATION PURPOSE: GENERAL SUPPORT | $16,679 |