NORTHWEST REAL ESTATE CAPITAL CORPORATION (EIN 820508784) - Form 990 Financial Analysis & Trantor Score

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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

1999

Legal Domicile

Principal Officer

NOEL GILL

Phone

2089477050

Tax Period

2023-01-01 to 2023-12-31

NORTHWEST REAL ESTATE CAPITAL CORPORATION, founded in 1999, is a mid-sized nonprofit in the Housing & Shelter sector that reported $18.3M in total revenue in fiscal year 2023. Expenses of $17.2M left a modest 6% surplus.

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.

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,514,368

Program Service Revenue $10,910,238

Investment Income $1,737,036

Other Revenue $110,366

TOTAL REVENUE $18,272,008

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,374,923

Fundraising Expenses $0

Program Expenses $15,468,165

Other Expenses $9,779,112

TOTAL EXPENSES $17,154,035

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,272,008	$18,979,105	0.0%
Expenses	$17,154,035	$14,291,140	+0.2%
Net Income	$1,117,973	$4,687,965	-0.8%

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

496

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD ELG	BOARD MEMBER	2.00	Director	$0	$0	$0
ERIC STEIGERS	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMES G MARTIN JR	BOARD MEMBER	2.00	Director	$0	$0	$0
WILLIAM J RUSSELL	BOARD MEMBER	2.00	Director	$0	$0	$0
SEE SCHEDULE O	DISCLOSURE	40.00	Officer	$0	$0	$0

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
2024	No data	No data	No data	No data
2023	$18,272,008	$17,154,035	$80,554,258	$1,117,973
2022	$18,979,105	$14,291,140	$64,500,382	$4,687,965
2021	$25,878,739	$14,370,792	$59,062,910	$11,507,947
2020	$10,028,848	$9,578,836	$42,438,639	$450,012
2019	$10,245,152	$9,667,057	$40,260,941	$578,095
2018	$9,683,887	$8,694,342	$41,451,610	$989,545

NORTHWEST REAL ESTATE CAPITAL CORPORATION