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Nonprofiteer
← MULTIFAMILY IMPACT COUNCIL

Form 990 for tax year 2022

Filed by MULTIFAMILY IMPACT COUNCIL.

Totals

Total revenue
$231,958
Total expenses
$295,513
Contributions and grants received
$231,958
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$839,548
Total liabilities, end of year
$903,103
Net assets or fund balances, end of year
-$63,555
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $231,458

  • 1f · All other contributions, gifts and grants

    $500

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $245,000

  • 11b · Fees: legal

    total $7,605

  • 11c · Fees: accounting

    total $9,355

  • 12 · Advertising and promotion

    total $26,503

  • 13 · Office expenses

    total $2,137

  • 17 · Travel

    total $4,913

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $837,985

  • 4 · Accounts receivable

    beginning of year $0 · end of year $1,563

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $25,499

  • 19 · Deferred revenue

    beginning of year $0 · end of year $877,604

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year -$63,555

Mission and programs · 2022

Mission

WE EXIST FOR THE GOOD OF THE INDUSTRY. WE EMPOWER IMPACT MOTIVATED OWNERS AND INVESTORS TO DO WELL, DO GOOD, AND DO MORE TOGETHER. WE WILL PARTNER WITH ANYONE WHO SHARES OUR BELIEF THAT HEALTHY, FINANCIALLY STABLE RENTERS CREATE HEALTHY, FINANCIALLY STABLE PROPERTIES. OUR TRADEMARKED MULTIFAMILY IMPACT FRAMEWORK REPRESENTS THE INDUSTRY STANDARD FOR IMPACT INVESTING IN THE UNITED STATES. THROUGH IT, WE MAINTAIN SEVEN CORE PRINCIPLES THAT DEFINE MINIMUM IMPACT THRESHOLD REQUIREMENTS AND ARTICULATE REPORTING METRICS THAT PROMOTE TRANSPARENCY AND ENABLE MEMBERS TO ESTABLISH MEANINGFUL, TANGIBLE, AND ALIGNED IMPACT GOALS.WE MAKE IT EASIER FOR IMPACT INVESTMENT PROFESSIONALS TO BUILD RELATIONSHIPS, ACCESS RESEARCH AND SHARE BEST PRACTICES THAT EDUCATE, TRAIN, AND SUPPORT THE CAREER GROWTH OF IMPACT PROFESSIONALS IN THE RENTAL HOUSING SECTOR. OUR EXPERTISE IS GROWING THE INDUSTRY'S EXPERTISE.

Activities or mission (Part I)

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.

  • INITIATED RESEARCH AND DRAFTING OF THE MULTIFAMILY IMPACT FRAMEWORK - AN INDUSTRY STANDARD OF PRINCIPLES AND REPORTING GUIDELINES FOR IMPACT INVESTING. HIRED GLOBAL IMPACT, LLC TO DEVELOP AN EVIDENCE-BASE FOR EACH PRINCIPLE AND INTERVIEW MEMBERS FOR THEIR FEEDBACK. INITIAL DRAFT OF THE FRAMEWORK WAS COMPLETED IN DECEMBER 2022.ESTABLISHED 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.INITIATED A MONTHLY MIC NEWSLETTER AND BI-MONTHLY WEBINARS TO SHARE INFORMATION AND HIGHLIGHT BEST PRACTICES AND KEY TOPICS OF INTEREST TO THE MF IMPACT INVESTMENT COMMUNITY.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Bob Simpson

    PRES, TREAS, SEC & CEO

    Total calculated
    $0
    Hours/week
    1

  • Antonio Marquez

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Summer Halti

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
30 October 2023
IRS schema version
2022v5.0
Source object
202333049349301278

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