NATIONAL MULTIFAMILY HOUSING COUNC… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1978

Legal Domicile

Principal Officer

SHARON WILSON GENO

Phone

2029742313

Tax Period

2022-07-01 to 2023-06-30

NATIONAL MULTIFAMILY HOUSING COUNCIL INC, founded in 1978, is a mid-sized nonprofit that reported $26.6M in total revenue in fiscal year 2022. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $22.8M left a modest 14% surplus.

Mission

NMHC PROVIDES LEADERSHIP AND ADVOCACY THAT PROMOTES THRIVING RENTAL HOUSING COMMUNITIES FOR ALL.

Program Service Accomplishments

Program 1

NMHC ADVOCATES FOR MULTIFAMILY RENTAL ORGANIZATIONS. WORKING CLOSELY WITH CONGRESS, THE EXECUTIVE BRANCH, AND FEDERAL REGULATORY OFFICIALS, NMHC ACTIVELY HELPED SHAPE LEGISLATION AND REGULATIONS THAT AFFECT THE INDUSTRY. THE COUNCIL CONCENTRATES ON PUBLIC POLICIES THAT ARE OF STRATEGIC IMPORTANCE TO PARTICIPANTS IN MULTIFAMILY HOUSING, INCLUDING HOUSING FINANCE, TAX, TECHNOLOGY, PROPERTY MANAGEMENT, ENVIRONMENTAL AND BUILDING CODES. LEGISLATIVE CONSULTANTS AND COALITIONS PROVIDE CRITICAL INFORMATION AS PART OF THE COUNCIL'S ADVOCACY EFFORTS.

Program 2

NMHC WORKS WITH ITS MEMBERS TO MEET AMERICA'S HOUSING NEEDS BY CREATING INCLUSIVE AND RESILIENT COMMUNITIES WHERE PEOPLE BUILD THEIR LIVES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $26,228,756

Investment Income $349,790

Other Revenue $10,000

TOTAL REVENUE $26,588,546

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,534,710

Fundraising Expenses $0

Other Expenses $10,256,596

TOTAL EXPENSES $22,791,306

Year-over-Year Comparison

	2022	2021	Change
Revenue	$26,588,546	$20,394,489	+0.3%
Expenses	$22,791,306	$19,866,464	+0.1%
Net Income	$3,797,240	$528,025	+6.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

100

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$2,752,560

Total Directors

$1,625,801

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID SCHWARTZ	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
KEN VALACH	CHAIR	1.00	Officer Director	$0	$0	$0
JAMES SCHLOEMER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JULIE SMITH	TREASURER	1.00	Officer Director	$0	$0	$0
LAURIE BAKER	SECRETARY	1.00	Officer Director	$0	$0	$0
SHARON WILSON GENO	PRESIDENT	50.00	Officer Director	$168,441	$170,301	$338,742
DOUG BIBBY	PRESIDENT (UNTIL 01/2023)	50.00	Officer Director	$1,216,577	$70,482	$1,287,059
KENNY EMSON	COO AND ASSISTANT TREASURER	50.00	Officer	$511,132	$55,650	$566,782
CINDY CHETTI	SENIOR VICE PRESIDENT	50.00	Officer	$518,367	$41,610	$559,977
KIM DUTY	SENIOR VICE PRESIDENT	50.00	Highest	$377,532	$71,921	$449,453
BETSY BEFUS	SENIOR VICE PRESIDENT AND GENERAL COUNSEL	50.00	Highest	$360,152	$68,627	$428,779
MATTHEW BERGER	VICE PRESIDENT	50.00	Highest	$334,240	$41,610	$375,850
DAVE BORSOS	VICE PRESIDENT	50.00	Highest	$325,548	$75,296	$400,844
MARK OBRINSKY	SENIOR VICE PRESIDENT	50.00	Highest	$328,791	$70,482	$399,273

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$26,588,546	$22,791,306	$20,175,058	$3,797,240
2022	$20,394,489	$19,866,464	$16,383,035	$528,025
2021	$14,556,051	$14,629,268	$15,861,846	$-73,217
2020	$19,695,608	$18,117,238	$15,941,650	$1,578,370
2019	$19,169,012	$18,800,810	$14,369,612	$368,202
2018	$18,412,493	$17,603,339	$14,007,502	$809,154

NATIONAL MULTIFAMILY HOUSING COUNCIL INC