Northwest Real Estate Capital Corporation

Analysis

Northwest Real Estate Capital Corporation is a registered charity in United States, based in Boise, ID. It received its IRS tax-exemption ruling in August 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Northwest Real Estate Capital Corporation reported income of $18.3m and spending of $17.2m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.2m to $18.3m (+78%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 158%. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Northwest Real Estate Capital Corporation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within ID. Charities of a similar size with the same main cause include Northwest Housing Alternatives Inc ($18.2m), Union Labor Retirement Association ($18.3m) and Lords Place Inc ($18.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $1.1m (6.5% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $80.6m against liabilities of $34.0m, net assets of $46.5m. It reported 496 employees.