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Nonprofiteer
← NATIONAL HOUSING CENTER CORP

Form 990 for tax year 2022

Filed by NATIONAL HOUSING CENTER CORP.

Totals

Total revenue
$8,377,419
Total expenses
$5,915,496
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$8,045,337
Investment income
$163
Other revenue
$331,919
Total assets, end of year
$56,824,292
Total liabilities, end of year
$18,508,816
Net assets or fund balances, end of year
$38,315,476
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.

  • 2a · Program service revenue: RENTAL INCOME

    total $8,031,591 · related or exempt $5,883,749 · unrelated business $2,147,842

  • 2b · Program service revenue: PROPERTY TAX REIMBURSEMENT

    total $13,746 · related or exempt $13,746

  • 3 · Investment income

    total $163 · excluded $163

  • 11a · Other revenue: GARAGE RENTAL INCOME

    total $287,736 · related or exempt $146,880 · unrelated business $140,856

  • 11b · Other revenue: MISCELLANEOUS

    total $44,183 · related or exempt $44,183

  • 11e · Other revenue, total

    $331,919

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $66,663

  • 11g · Fees: other

    total $821,723

  • 13 · Office expenses

    total $33,267

  • 16 · Occupancy

    total $1,016,743

  • 20 · Interest

    total $796,632

  • 22 · Depreciation, depletion and amortization

    total $1,549,598

  • 23 · Insurance

    total $90,000

  • 24a · Other expenses: TAXES

    total $1,164,586

  • 24b · Other expenses: COMMISSIONS EXPENSE

    total $189,772

  • 24c · Other expenses: EQUIPMENT RENTAL & MAIN

    total $146,242

  • 24d · Other expenses: AMORTIZATION CAPITALIZE

    total $40,270

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $714,949 · end of year $793,786

  • 4 · Accounts receivable

    beginning of year $5,670,925 · end of year $5,326,505

  • 9 · Prepaid expenses and deferred charges

    beginning of year $783,585 · end of year $693,239

  • 10a · Land, buildings and equipment: cost or other basis

    $63,791,154

  • 10b · Land, buildings and equipment: accumulated depreciation

    $36,200,108

  • 10c · Land, buildings and equipment, net

    beginning of year $28,256,394 · end of year $27,591,046

  • 15 · Other assets

    beginning of year $19,924,622 · end of year $22,419,716

  • 17 · Accounts payable and accrued expenses

    beginning of year $643,596 · end of year $599,187

  • 23 · Secured mortgages and notes payable

    beginning of year $18,434,106 · end of year $17,581,743

  • 25 · Other liabilities

    beginning of year $419,220 · end of year $327,886

  • 27 · Net assets without donor restrictions

    beginning of year $35,853,553 · end of year $38,315,476

Mission and programs · 2022

Mission

THE ORGANIZATION HOLDS TITLE TO THE LAND AND BUILDING USED BY THE NATIONAL ASSOCIATION OF HOME BUILDERS IN WASHINGTON, DC.

Activities or mission (Part I)

TO HOLD REAL ESTATE AND COLLECT INCOME ON BEHALF OF THE NATIONAL ASSN OF HOME BUILDERS OF THE U.S.

  • THE ORGANIZATION HOLDS REAL ESTATE, COLLECTS RENT PAYMENTS, AND MANAGES NONRESIDENTIAL RENTAL REAL ESTATE PROPERTY ON BEHALF OF THE NATIONAL ASSOCIATION OF HOME BUILDERS OF THE UNITED STATES.

As filed on the 2022 return.

Listed in Part VII

  • John Fowke

    IMMEDIATE PAST CHAIR

    Total calculated
    $47,830
    From this org
    $0
    From related orgs
    $47,830
    Other
    $0
    Hours/week
    0.01 + 4.3 related

  • Jerry Konter

    CHAIRMAN OF THE BOARD

    Total calculated
    $41,121
    From this org
    $0
    From related orgs
    $41,121
    Other
    $0
    Hours/week
    0.01 + 4.39 related

  • Alicia Huey

    FIRST VICE CHAIRMAN

    Total calculated
    $34,226
    From this org
    $0
    From related orgs
    $34,226
    Other
    $0
    Hours/week
    0.01 + 4 related

  • Carl Harris

    SECOND VICE CHAIRMAN

    Total calculated
    $29,614
    From this org
    $0
    From related orgs
    $29,614
    Other
    $0
    Hours/week
    0.01 + 4 related

  • Willard Hughes

    THIRD VICE CHAIRMAN

    Total calculated
    $25,968
    From this org
    $0
    From related orgs
    $25,968
    Other
    $0
    Hours/week
    0.01 + 4 related

  • Gerald Howard

    PRESIDENT

    Total calculated
    $1,830,280
    From this org
    $0
    From related orgs
    $1,774,140
    Other
    $56,140
    Hours/week
    0.01 + 37.49 related

    Schedule J breakdown matched by us

    Base
    $0 + $963,800 related
    Bonus
    $0 + $752,420 related
    Other
    $0 + $57,920 related
    Deferred
    $0 + $24,400 related
    Nontaxable benefits
    $0 + $31,740 related
    Filer's total
    $0 + $1,830,280 related

  • James Rizzo

    SECRETARY

    Total calculated
    $634,334
    From this org
    $0
    From related orgs
    $575,357
    Other
    $58,977
    Hours/week
    0.01 + 37.49 related

    Schedule J breakdown matched by us

    Base
    $0 + $516,203 related
    Bonus
    $0 + $55,394 related
    Other
    $0 + $3,760 related
    Deferred
    $0 + $24,400 related
    Nontaxable benefits
    $0 + $34,577 related
    Filer's total
    $0 + $634,334 related

  • Eileen Ramage

    TREASURER

    Total calculated
    $561,999
    From this org
    $0
    From related orgs
    $502,687
    Other
    $59,312
    Hours/week
    0.01 + 37.49 related

    Schedule J breakdown matched by us

    Base
    $0 + $449,388 related
    Bonus
    $0 + $47,241 related
    Other
    $0 + $6,058 related
    Deferred
    $0 + $44,900 related
    Nontaxable benefits
    $0 + $14,412 related
    Filer's total
    $0 + $561,999 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 3
NHC'S PERSONNEL ARE EMPLOYED BY THE NATIONAL ASSOCIATION OF HOME BUILDERS OF THE UNITED STATES (NAHB), A RELATED 501(C)(6) EXEMPT ORGANIZATION. THAT ORGANIZATION USES THE FOLLOWING TO ESTABLISH COMPENSATION FOR NHC'S CEO: COMPENSATION COMMITTEE; INDEPENDENT COMPENSATION CONSULTANT; WRITTEN EMPLOYMENT CONTRACT; COMPENSATION SURVEY OR STUDY; APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. PLEASE SEE THE FORM 990 FOR NAHB FOR ADDITIONAL INFORMATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • HOME INNOVATION RESEARCH LABS INC

    C · RESEARCH · MD

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202343199349313054

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