Overview
What is Northwest Real Estate Capital Corporation?
Northwest Real Estate Capital Corporation is a nonprofit organization based in Boise, Idaho, committed to providing affordable housing solutions for low-income families. They accomplish this mission by managing and preserving over 100 low-income multifamily housing projects or entities in the Northwest area of the United States, primarily under HUD Section 8, USDA Section 515, and IRS Section 42 low-income housing programs. Through these initiatives, the corporation aims to provide relief and support for the poor and distressed communities. With a total workforce of 493 individuals, Northwest Real Estate Capital Corporation is dedicated to acquiring, managing, and preserving low-income housing for those in need.
Official website here: www.nwrecc.org
Is Northwest Real Estate Capital Corporation legitimate?
Northwest Real Estate Capital Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northwest Real Estate Capital Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $612,832
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,679,125
For more financial information, click here
Official website here: www.nwrecc.org
What is the mission statement of Northwest Real Estate Capital Corporation?
The Northwest Real Estate Capital Corporation focuses on providing affordable housing solutions for low-income families. They accomplish this through the acquisition, management, and preservation of low-income multi-family housing, primarily under HUD, USDA, and IRS Section 42 programs. The organization's mission is to provide relief for the poor and distressed by offering housing opportunities to those with extremely low, very low, and low incomes. The corporation manages over 100 low-income housing projects and entities, ensuring the preservation and continued availability of affordable housing options for those in need.
Official website here: www.nwrecc.org
Who is the CEO of Northwest Real Estate Capital Corporation?
Noel Gill is the Board Member of Northwest Real Estate Capital Corporation.
Official website here: www.nwrecc.org
What is the revenue of Northwest Real Estate Capital Corporation?
Northwest Real Estate Capital Corporation's revenue in 2022 was $18,979,105.
Official website here: www.nwrecc.org
Who are the executives of Northwest Real Estate Capital Corporation and what are their salaries?
The average compensation at Northwest Real Estate Capital Corporation during 2022 was $10,734. There are 493 employees at Northwest Real Estate Capital Corporation.
Here are 5 key members and their salaries:
- Brad Elg (Board Member) [Trustee/Director]
- Eric Steigers (Board Member) [Trustee/Director]
- James G Martin Jr (Board Member) [Trustee/Director]
- William J Russell (Board Member) [Trustee/Director]
- See Schedule O (Disclosure)
Official website here: www.nwrecc.org
Where can I find the form 990 for Northwest Real Estate Capital Corporation?
The Northwest Real Estate Capital Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.nwrecc.org
Learn more at the official website: www.nwrecc.org
Mission Statement of Northwest Real Estate Capital Corporation
Northwest Real Estate Capital Corporation, a notable organization, is dedicated to providing affordable housing solutions for low-income families. The corporation's primary focus is on acquiring, managing, and preserving low-income multifamily housing, primarily under HUD Section 8, USDA Section 515, and IRS Section 42 programs. This commitment to helping those in need is described in more detail as a mission to provide affordable housing for the relief of the poor and distressed using HUD, USDA, and IRS Section 42 low-income multifamily housing.
Managing over 100 low-income multifamily housing projects or entities in the Northwest area of the United States, Northwest Real Estate Capital Corporation's efforts extend beyond just providing housing. The organization also plays a crucial role in preserving existing affordable housing through the use of the IRS Section 42 Low-Income Housing Tax Credit Program. This multifaceted approach ensures a continuous supply of affordable housing options for eligible families, contributing significantly to their well-being and stability.
Impact
This information is meant to be a general summary of Northwest Real Estate Capital Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Northwest Real Estate Capital Corporation's impact lies in its commitment to providing affordable housing to low-income families through the acquisition, management, and preservation of low-income multifamily housing. Primarily focused on HUD, USDA, and IRS Section 42 low-income housing programs, the corporation operates over 100 projects in the Northwest region of the United States. By offering housing options for extremely low income, very low income, and low-income populations, Northwest Real Estate Capital Corporation plays a crucial role in supporting vulnerable communities and helping to alleviate housing challenges faced by those in need.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$3,409,132
MANAGEMENT AND ADMIN
Revenue
$3,266,814
OTHER INCOME
Revenue
$1,660,919
DEVELOPER FEES
Revenue
$1,088,893
COMMERCIAL RENTAL INCOME
Revenue
$50,799
Organization Details
Founding Year
1999
Phone
(208) 947-7050
Principal Officer
Noel Gill
Main Address
210 W MALLARD DRIVE, BOISE, ID, 83706
Website
www.nwrecc.org
NTEE Category
Code: L20 - Housing
If you are a representative of Northwest Real Estate Capital Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.