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Nonprofit · EIN 82-0508784

NORTHWEST REAL ESTATE CAPITAL CORPORATION

Also known as ROCKY MOUNTAIN REALTY CORP

Tax-exempt · BOISE, ID 83706

Financials

$18.3M$17.2M2023$28.7M$16.5M2024
Revenue Expenses · by fiscal year end
Financials of NORTHWEST REAL ESTATE CAPITAL CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$28,689,446$16,523,955$12,165,491$111,621,180$52,860,491$58,760,689
December 31, 2023990$18,272,008$17,154,035$1,117,973$80,554,258$34,020,236$46,534,022
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$4,538,440
of which government grants
$4,532,290
Program service revenue
$9,800,633
Investment income
$14,062,505
Net gain from sales of assets
$12,350,745
Other revenue
$287,868

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$1,150,530
Other salaries and wages
$5,039,576
Salaries, compensation and benefits (total)
$7,286,613
Professional fundraising fees
$0
Legal fees
$156,166
Accounting fees
$156,808
Depreciation
$1,939,138
Program services (functional)
$14,477,949
Management and general (functional)
$2,046,006

Balance sheet and other

Total assets, start of year
$80,554,258
Total assets, end of year
$111,621,180
Total liabilities, end of year
$52,860,491
Net assets, end of year
$58,760,689
Land, buildings and equipment
$73,893,622
Net assets without donor restrictions
$58,760,689
Gross unrelated business income
$276,352
Gross receipts
$28,895,412
Employees
472
Volunteers
0
Year formed
1999
State of legal domicile
ID

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
BRAD ELGBOARD MEMBER
Trustee or director
2$0
ERIC STEIGERSBOARD MEMBER
Trustee or director
2$0
JAMES G MARTIN JRBOARD MEMBER
Trustee or director
2$0
WILLIAM J RUSSELLBOARD MEMBER
Trustee or director
2$0
SEE SCHEDULE ODISCLOSURE
Officer
40$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
BRAD ELGBOARD MEMBER
Trustee or director
2$0
ERIC STEIGERSBOARD MEMBER
Trustee or director
2$0
JAMES G MARTIN JRBOARD MEMBER
Trustee or director
2$0
WILLIAM J RUSSELLBOARD MEMBER
Trustee or director
2$0
SEE SCHEDULE ODISCLOSURE
Officer
40$0

Address and contacts

Address (IRS master file)
210 W MALLARD DR, BOISE, ID 83706-6642
In care of
% DIANE WHEELER
Principal officer (990 for 2024)
BRAD ELG, 210 W MALLARD DRIVE, BOISE, ID 83706
Signed the 990
BRAD ELG, CEO
Phone
(208) 947-7050
Website
NWRECC.ORG
Return prepared by
DAUBY O'CONNOR & ZALESKI LLC

Mission

LOW INCOME HOUSING PURSUANT TO IRS REV. PROC. 96-32ACQUISITION, MANAGEMENT AND PRESERVATION OF LOW INCOME HOUSING FOR THE RELIEF OF THE POOR AND DISTRESSED PRIMARILY HUD, USDA AND IRS SECTION 42 LOW INCOME MULTIFAMILY HOUSING

990 for the year ended December 31, 2024

Program accomplishments

  • 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.
    Expenses $14,477,949 · revenue $22,162,894

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
82-0508784
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1999
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$111,621,180
Income (IRS master file)
$28,895,412

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$28,689,446$16,523,955$111,621,180IRS
990-TDecember 2024–––IRS
990December 2023$18,272,008$17,154,035$80,554,258XML
990-TDecember 2023–––IRS
990December 2022$18,979,105$14,291,140$64,500,382IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990-TDecember 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-0508784).

Questions about NORTHWEST REAL ESTATE CAPITAL CORPORATION

What is the EIN of NORTHWEST REAL ESTATE CAPITAL CORPORATION?
The employer identification number (EIN) of NORTHWEST REAL ESTATE CAPITAL CORPORATION is 82-0508784.
Is NORTHWEST REAL ESTATE CAPITAL CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
Are donations to NORTHWEST REAL ESTATE CAPITAL CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NORTHWEST REAL ESTATE CAPITAL CORPORATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of NORTHWEST REAL ESTATE CAPITAL CORPORATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NORTHWEST REAL ESTATE CAPITAL CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of NORTHWEST REAL ESTATE CAPITAL CORPORATION?
The 990 for the year ended December 31, 2024 names BRAD ELG.
Who are the officers and directors of NORTHWEST REAL ESTATE CAPITAL CORPORATION?
The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does NORTHWEST REAL ESTATE CAPITAL CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $28,689,446, expenses of $16,523,955 and total assets of $111,621,180 at year end.

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