Nw Housing Preservation Group

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 911608288 ✦ Edmonds, WA ✦ Designated as a 501(c)(3)

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Overview

What is Nw Housing Preservation Group?

Nw Housing Preservation Group is a nonprofit organization based in Edmonds, Washington. Their primary mission revolves around managing a 122-unit senior low-income apartment facility, as per Section 42 of the Internal Revenue Code. This facility provides affordable housing solutions for senior residents in the community, ensuring they have a secure and comfortable living environment. The organization's involvement extends beyond just property management, as they are committed to maintaining and preserving this vital housing resource for the community's elderly population.

Is Nw Housing Preservation Group legitimate?

Nw Housing Preservation Group is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nw Housing Preservation Group 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $120,587

For more financial information, click here

What is the mission statement of Nw Housing Preservation Group?

The Nw Housing Preservation Group's primary role is to manage a 122-unit senior low-income apartment facility. This organization's mission, as per its operations, is centered around providing affordable housing solutions for senior individuals with limited income. By operating a qualified low-income housing project under IRC Section 42, the group contributes to the community by ensuring that elderly residents have access to suitable housing accommodations. The organization's work aims to support and enrich the lives of its senior residents by providing them with a secure and affordable living environment.

Who is the CEO of Nw Housing Preservation Group?

James P Morino is the Director of Nw Housing Preservation Group.

What is the revenue of Nw Housing Preservation Group?

Nw Housing Preservation Group's revenue in 2022 was $1,481,858.

Who are the executives of Nw Housing Preservation Group and what are their salaries?


Here are 8 key members and their salaries:


Grant Dull (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Echelbarger (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Fadden (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Neil Heineman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James P Morino (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Per E Oscarsson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Sherwin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven K Sterner (Secretary/ T)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Nw Housing Preservation Group?

Nw Housing Preservation Group's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Nw Housing Preservation Group

Nw Housing Preservation Group is an organization that is dedicated to providing housing solutions for seniors with low income. At the heart of its operations is a 122-unit senior low-income apartment facility, which it owns and manages under the Qualified Low-Income Housing Project as per IRC Section 42. This mission of Nw Housing Preservation Group is centered around providing a stable and affordable living environment for senior citizens, ensuring they have access to comfortable and secure housing that fits their financial means. By managing this facility, the organization contributes to the well-being of this vulnerable group, offering them a place they can call home with peace of mind.

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Impact




October, 2024

Nw Housing Preservation Group significantly impacts the community by providing a 122-unit apartment facility specifically designed for low-income seniors in Edmonds, WA. By operating under IRC Section 42, the organization ensures that these housing units remain affordable, thereby supporting vulnerable populations who may struggle to find safe and stable housing. This initiative not only addresses immediate housing needs but also fosters a sense of community and belonging among residents, contributing to their overall well-being and quality of life. Through these efforts, Nw Housing Preservation Group plays a crucial role in preserving affordable housing options and enhancing the stability of the senior population in the area.




This information is meant to be a general summary of Nw Housing Preservation Group. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,481,858 (2022)
Expenses
$915,304 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $92,986
  • Program Service Revenue: $1,388,872
  • Gross Receipts: $1,481,858

Assets and Liabilities:

  • Total Assets: $14,813,242
  • Total Liabilities: $1,619,082
  • Net Assets: $13,194,160

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTS

Revenue

$1,379,591

LAUNDRY, VENDING, DAMAGES, CL

Revenue

$9,281

Organization Details

Founding Year

1993

Principal Officer

James P Morino

Main Address

958 WALNUT ST, EDMONDS, WA, 98020

NTEE Category

Code: L21 - Housing

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