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Nonprofiteer
← NATIONAL HOUSING CENTER CORP

Form 990 for tax year 2024

Filed by NATIONAL HOUSING CENTER CORP.

Totals

Total revenue
$7,296,031
Total expenses
$6,941,790
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$7,328,251
Investment income
-$349,331
Other revenue
$317,111
Total assets, end of year
$57,060,019
Total liabilities, end of year
$16,601,624
Net assets or fund balances, end of year
$40,458,395
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 $7,328,251 · related or exempt $5,615,142 · unrelated business $1,713,109

  • 3 · Investment income

    total $4,099 · excluded $4,099

  • 7a · Gross sales of assets other than inventory

    other assets $2,276,728

  • 7b · Less cost or other basis and sales expenses

    other assets $2,630,158

  • 7c · Gain or loss

    other assets -$353,430

  • 7d · Net gain or loss

    total -$353,430 · excluded -$353,430

  • 11a · Other revenue: GARAGE RENTAL INCOME

    total $278,664 · related or exempt $159,120 · unrelated business $119,544

  • 11b · Other revenue: MISCELLANEOUS

    total $38,447 · related or exempt $38,447

  • 11e · Other revenue, total

    $317,111

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $57,520

  • 11g · Fees: other

    total $1,026,707

  • 13 · Office expenses

    total $41,448

  • 16 · Occupancy

    total $1,147,349

  • 20 · Interest

    total $715,259

  • 22 · Depreciation, depletion and amortization

    total $2,316,978

  • 23 · Insurance

    total $90,000

  • 24a · Other expenses: TAXES

    total $1,220,359

  • 24b · Other expenses: COMMISSIONS EXPENSE

    total $147,985

  • 24c · Other expenses: EQUIPMENT RENTAL & MAIN

    total $137,915

  • 24d · Other expenses: AMORTIZATION CAPITALIZE

    total $40,270

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,127,297 · end of year $704,412

  • 4 · Accounts receivable

    beginning of year $4,877,666 · end of year $4,258,673

  • 9 · Prepaid expenses and deferred charges

    beginning of year $588,602 · end of year $484,699

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

    $61,586,653

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

    $37,373,362

  • 10c · Land, buildings and equipment, net

    beginning of year $26,575,353 · end of year $24,213,291

  • 15 · Other assets

    beginning of year $24,499,660 · end of year $27,398,944

  • 17 · Accounts payable and accrued expenses

    beginning of year $611,746 · end of year $609,977

  • 19 · Deferred revenue

    end of year $11,332

  • 23 · Secured mortgages and notes payable

    beginning of year $16,689,582 · end of year $15,755,846

  • 25 · Other liabilities

    beginning of year $263,096 · end of year $224,469

  • 27 · Net assets without donor restrictions

    beginning of year $40,104,154 · end of year $40,458,395

Mission and programs · 2024

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 2024 return.

Listed in Part VII

  • ALICIA HUEY

    IMMEDIATE PAST CHAIR

    Total calculated
    $48,390
    From this org
    $0
    From related orgs
    $48,390
    Other
    $0
    Hours/week
    0.01 + 4 related

  • CARL HARRIS

    CHAIR OF THE BOARD

    Total calculated
    $43,496
    From this org
    $0
    From related orgs
    $43,496
    Other
    $0
    Hours/week
    0.01 + 4 related

  • WILLARD HUGHES

    FIRST VICE CHAIR

    Total calculated
    $30,502
    From this org
    $0
    From related orgs
    $30,502
    Other
    $0
    Hours/week
    0.01 + 4 related

  • WILLIAM OWENS

    SECOND VICE CHAIR

    Total calculated
    $30,571
    From this org
    $0
    From related orgs
    $30,571
    Other
    $0
    Hours/week
    0.01 + 4 related

  • BOB PETERSON

    THIRD VICE CHAIR

    Total calculated
    $34,972
    From this org
    $0
    From related orgs
    $34,972
    Other
    $0
    Hours/week
    0.01 + 4 related

  • ABIGAIL ADAMS

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.01

  • JAMES TOBIN

    PRESIDENT

    Total calculated
    $1,258,484
    From this org
    $0
    From related orgs
    $1,178,594
    Other
    $79,890
    Hours/week
    0.01 + 37.49 related

    Schedule J breakdown matched by us

    Base
    $0 + $810,982 related
    Bonus
    $0 + $343,370 related
    Other
    $0 + $24,242 related
    Deferred
    $0 + $27,600 related
    Nontaxable benefits
    $0 + $52,290 related
    Filer's total
    $0 + $1,258,484 related

  • EILEEN RAMAGE

    TREASURER

    Total calculated
    $601,138
    From this org
    $0
    From related orgs
    $554,489
    Other
    $46,649
    Hours/week
    0.01 + 37.49 related

    Schedule J breakdown matched by us

    Base
    $0 + $468,817 related
    Bonus
    $0 + $55,935 related
    Other
    $0 + $29,737 related
    Deferred
    $0 + $27,600 related
    Nontaxable benefits
    $0 + $19,049 related
    Filer's total
    $0 + $601,138 related

  • JAMES RIZZO

    FORMER SECRETARY

    Total calculated
    $810,954
    From this org
    $0
    From related orgs
    $804,340
    Other
    $6,614
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $804,340 related
    Deferred
    $0 + $6,614 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $810,954 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

  • 4a · Severance or change-of-control payment

Answered no

  • 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, LINE 4A
JAMES RIZZO, THE FORMER SECRETARY, RECEIVED A SEVERANCE PAYMENT OF $721,664 FROM THE RELATED ORGANIZATION.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202503219349303545

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