Northwest Real Estate Capital Corporation
Northwest Real Estate Capital Corporation
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About this organization
Mission
Low income housing per IRS Rev. Proc. 96-32The company acquires, manages and preserves low income multifamily housing, primarily HUD Section 8, USDA Section 515 and IRS Section 42 low income multifamily housing for extremely low income and very low and low income populations.
About
Northwest Real Estate Capital Corporation's mission is to provide affordable housing to low-income families. The corporation does this by operating various projects under HUD, RD, and state housing authority programs. In addition to providing housing, the corporation is also involved in preserving existing affordable housing projects through the use of the IRS Section 42 low-income housing tax credit program. The corporation manages over 100 low-income multifamily housing projects or entities in the Northwest area of the United States.
Interesting data from their 2019 990 filing
The filing sets forth the mission of the non-profit as “Low income housing pursuant to irs rev. proc. 96-32acquisition, management and preservation of low income housing for the relief of the poor and distressedprimarily hud, usda and irs section 42 low income multifamily housing”.
When detailing its responsibilities, they were listed as: “Low income housing per irs rev. proc. 96-32the company acquires, manages and preserves low income multifamily housing, primarily hud section 8, usda section 515 and irs section 42 low income multifamily housing for extremely low income and very low and low income populations.”.
- The state in which the non-profit is legally permitted to operate is ID.
- The address of the non-profit for 2019 according to the filing is 210 W MALLARD DRIVE, BOISE, ID, 83706.
- The number of employees reported by the non-profit on their form as of 2019 is 403.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $989,545.
- The organization has 4 independent voting members.
- The organization was formed in 1999.
- The organization pays $3,896,487 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.