2020-07-15T16:56:56-05:00 2019-06-30 221478099 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2018-07-01 521127504 NATIONAL MULTIFAMILY HOUSING COUNCIL INC NATI 2029742313 1775 EYE STREET NW NO 1100 WASHINGTON DC 20006 KENNY EMSON SENIOR VP 2029742313 2020-07-10 1 GLENN M SHELTON P00228007 3016529100 2020-07-10 209.59.242.37 2020-07-10 16:43:26 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 3A16AF227DFFBEB6A54D665AEE301AB9EC7A606C 2018 2021-09-10 13:11:23Z DOUG BIBBY 1775 EYE STREET NW NO 1100 WASHINGTON DC 20006 20975133 0 X WWW.NMHC.ORG X 1978 DC ADVOCATE FOR MULTI-FAMILY RENTAL ORGANIZATIONS. 5 4 56 100 0 0 0 0 18097676 18626521 314817 539891 0 2600 18412493 19169012 0 0 0 0 9758617 10294701 0 0 0 7844722 8506109 17603339 18800810 809154 368202 14007502 14369612 67342 61250 13940160 14308362 ADVOCATE FOR MULTI-FAMILY RENTAL ORGANIZATIONS. 0 0 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. NMHC IS ACKNOWLEDGED AS THE PREEMINENT SOURCE OF APARTMENT RELATED INFORMATION. NMHC RESEARCH INITIATIVES ASSIST MEMBERS IN MAKING CRITICAL BUSINESS DECISIONS, IMPROVE THE INDUSTRY'S POLICY AND REGULATORY ENVIRONMENT, AND PROVIDE CONSUMERS WITH FULL INFORMATION ON THEIR HOUSING CHOICES. NMHC MEETINGS ARE AN EFFECTIVE WAY TO SHARE STRATEGIC INFORMATION WITH MEMBERS WHILE PROVIDING THEM WITH NETWORKING OPPORTUNITIES TO EXCHANGE INFORMATION AND DEVELOP NEW BUSINESS OPPORTUNITIES. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 85 0 1 56 1 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X THE ORGANIZATION 2029742300 1775 EYE STREET NW SUITE 1100 WASHINGTON DC 20006 SUSAN ANSEL CHAIRWOMAN 1.00 X X 0 0 0 DAVID SCHWARTZ VICE CHAIR 1.00 X X 0 0 0 KEN VALACH TREASURER 1.00 X X 0 0 0 JAMES SCHLOEMER SECRETARY 1.00 X X 0 0 0 DOUG BIBBY PRESIDENT 50.00 1.00 X X 1132000 0 223421 CINDY CHETTI SENIOR VICE PRESIDENT 50.00 X 452500 0 34460 KENNY EMSON SENIOR VP & ASSISTANT TREASURER 50.00 1.00 X 400650 0 42784 KIM DUTY SENIOR VICE PRESIDENT 50.00 X 345000 0 52552 MARK OBRINKSY SENIOR VICE PRESIDENT 45.00 1.00 X 294000 0 58421 EILEEN LEE VICE PRESIDENT 50.00 X 278850 0 62181 DAVE BORSOS VICE PRESIDENT 50.00 X 285000 0 61983 MATTHEW BERGER VICE PRESIDENT 50.00 X 298700 0 34460 3486700 0 570262 8 0 1 0 LEADING AUTHORITIES INC 1990 M STREET NW 8TH FLOOR WASHINGTON DC 20036 SPEAKER FEES & EXPENSES 488071 JDA FRONTLINE PARTNERS LLC 800 NORTH CAPITOL STREET NW 800 WASHINGTON DC 20002 CONSULTING SERVICES-RENT CONTROL 325667 HR&A 99 HUDSON STREET 3RD FLOOR NEW YORK NY 20013 PROFESSIONAL SERVICES 187500 WASHINGTON SPEAKERS BUREAU 1663 PRINCE ST ALEXANDRIA VA 22314 SPEAKER FEES & EXPENSES 181064 NEWPORT PATNERS LLC 3760 TANGLEWOOD LANE DAVIDSONVILLE MD 21035 CODE SURVEILLANCE 173287 8 DUES INCOME FROM MEMBERS 900099 9963142 9963142 MEETING REVENUE 900099 7747165 7747165 JOINT AGREEMENT 900099 879167 879167 SEMINAR REVENUE 900099 37047 37047 18626521 403970 403970 1942042 1806121 135921 135921 135921 MISCELLANEOUS 900099 2600 2600 2600 19169012 18629121 0 539891 2285815 6524638 391466 654602 438180 8400 27135 970989 103903 455028 779100 397632 3838822 1063 96220 SPECIAL PROJECT 1298139 TAXES, LICENSES, & FEES 386312 DUES & SUBSCRIPTIONS 108642 REPAIRS & MAINTENANCE 12905 21819 18800810 4796060 2726931 617114 317635 395700 299479 8745627 11273087 70115 70115 14007502 14369612 31129 25016 36213 36234 67342 61250 X 13940160 14308362 13940160 14308362 14007502 14369612 368202 0 X 0 1 X 1 0 0 0 1 9963142 4305261 536164 4841425 3885625 955800 617114 317635 299479 299479 REFUNDABLE ADVANCES 36234 36234 X 19169012 0 19169012 0 19169012 18800810 0 18800810 0 18800810 PART X, LINE 2: THE COUNCIL HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX EXEMPT ENTITY PURSUANT TO SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE (THE "CODE") AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE CODE FOR ALL INCOME EXCEPT THAT DERIVED FROM UNRELATED BUSINESS INCOME. THE COUNCIL IS SUBJECT TO UNRELATED BUSINESS INCOME TAX FOR UNRELATED BUSINESS INCOME. THE COUNCIL DID NOT HAVE ANY UNRELATED BUSINESS INCOME DURING 2019 OR 2018. DUE TO ITS TAX EXEMPT STATUS, THE COUNCIL IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. THE COUNCIL HAS IMPLEMENTED FASB INTERPRETATION NO. ("FIN") 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. AS A RESULT, THE COUNCIL DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. INCOME TAX RETURNS FILED BY THE COUNCIL ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2016 REMAIN OPEN. X X X 0 1 0 DOUG BIBBY PRESIDENT 850000 0 270000 0 12000 0 199460 0 23961 0 1355421 0 0 0 CINDY CHETTI SENIOR VICE PRESIDENT 360000 0 92500 0 0 0 34460 0 0 0 486960 0 0 0 KENNY EMSON SENIOR VP & ASSISTANT TREASURER 315650 0 85000 0 0 0 34460 0 8324 0 443434 0 0 0 KIM DUTY SENIOR VICE PRESIDENT 280000 0 65000 0 0 0 34460 0 18092 0 397552 0 0 0 MARK OBRINKSY SENIOR VICE PRESIDENT 237500 0 56500 0 0 0 34460 0 23961 0 352421 0 0 0 EILEEN LEE VICE PRESIDENT 241350 0 37500 0 0 0 34460 0 27721 0 341031 0 0 0 DAVE BORSOS VICE PRESIDENT 235000 0 50000 0 0 0 34460 0 27523 0 346983 0 0 0 MATTHEW BERGER VICE PRESIDENT 243700 0 55000 0 0 0 34460 0 0 0 333160 0 0 0 PART I, LINE 4B IN ACCORDANCE WITH THE PRESIDENT'S EMPLOYMENT CONTRACT, THE ORGANIZATION ANNUALLY FUNDS $150,000 INTO A 457(F) PLAN. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS THAT ARE ELECTED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S MEMBERS MAY ELECT MEMBERS OF THE GOVERNING BODY AS AUTHORIZED BY THE ORGANIZATION'S GOVERNING DOCUMENTS. FORM 990, PART VI, SECTION B, LINE 11B THE SENIOR VICE PRESIDENT FOR FINANCE AND OPERATIONS AND THE ACCOUNTING DIRECTOR ANSWER THE QUESTIONS ON THE FORM 990 USING COHNREZNICK'S ADVICE AND GUIDANCE, AS NECESSARY. THE PRESIDENT REVIEWS THE COMPLETED 990. COHNREZNICK REVIEWS THE COMPLETED 990 AND THE NMHC OPERATING COMMITTEE REVIEWS AND ACCEPTS THE FINAL 990. THE 990 IS SIGNED BY THE PRESIDENT. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTEREST PROCESS FOR NMHC STAFF: BELOW IS THE CONFLICT OF INTEREST POLICY FROM THE EMPLOYEE HANDBOOK. CONFLICTS OF INTEREST: IT IS THE POLICY OF THE COUNCIL TO PROHIBIT ITS EMPLOYEES FROM ENGAGING IN ANY ACTIVITY, PRACTICE, OR ACT WHICH CONFLICTS WITH, OR APPEARS TO CONFLICT WITH, THE INTERESTS OF THE COUNCIL OR THE COUNCIL'S MEMBERS. THE FOLLOWING GUIDELINES SHOULD BE FOLLOWED TO AVOID CONFLICTS OF INTEREST. IT IS IMPOSSIBLE TO DESCRIBE ALL OF THE SITUATIONS THAT MAY RESULT IN A CONFLICT OF INTEREST. THEREFORE, THE GUIDELINES INCLUDED IN THIS POLICY ARE NOT EXHAUSTIVE AND ONLY INCLUDE SOME OF THE MORE CLEAR-CUT EXAMPLES. EMPLOYEES HAVE AN OBLIGATION TO AVOID ALL CONFLICTS OF INTEREST AND TO REFER QUESTIONS AND CONCERNS ABOUT POTENTIAL CONFLICTS TO THE SENIOR VICE PRESIDENT OF FINANCE AND OPERATIONS. EMPLOYEES ARE NOT TO ENGAGE IN, DIRECTLY OR INDIRECTLY, ANY CONDUCT WHICH IS DISLOYAL, DISRUPTIVE, COMPETITIVE OR DAMAGING TO THE COUNCIL. EMPLOYEES MUST DISCLOSE ANY FINANCIAL INTEREST THEY OR THEIR IMMEDIATE FAMILY HAVE IN ANY FIRM WHICH DOES BUSINESS WITH THE COUNCIL OR WHICH COMPETES WITH THE COUNCIL. THE COUNCIL MAY REQUIRE DIVESTITURE OF SUCH INTEREST IF IT DEEMS THE INTEREST TO BE IN CONFLICT WITH ITS BEST INTERESTS. EMPLOYEES MUST DISCLOSE ANY FINANCIAL INTEREST THEY OR THEIR IMMEDIATE FAMILY (SPOUSE, PARENTS, CHILDREN AND PARENTS IN LAW) HAVE IN ANY MEMBER OWNED ENTITIES. THE COUNCIL MAY REQUIRE DIVESTITURE OF SUCH INTEREST IF IT DEEMS THE INTEREST TO BE IN CONFLICT WITH ITS BEST INTERESTS. EMPLOYEES MAY LEARN OR BECOME AWARE OF INFORMATION ABOUT MEMBERS OF THE COUNCIL WHICH, IF KNOWN TO THE PUBLIC, MIGHT AFFECT THE DECISION OF A REASONABLE INVESTOR TO BUY, SELL OR HOLD MEMBER-OWNED PROPERTY OR SECURITIES. EMPLOYEES ARE PROHIBITED FROM MISUSING SUCH MATERIAL INSIDE INFORMATION PRIOR TO PUBLIC DISCLOSURE BY PURCHASING OR SELLING MEMBER-OWNED PROPERTY OR SECURITIES FOR THEIR OWN ACCOUNT OR FOR ACCOUNTS OF MEMBERS OF THEIR IMMEDIATE FAMILY. FURTHER, EMPLOYEES ARE NOT TO DISCLOSE INSIDE INFORMATION TO ANYONE, EITHER INSIDE OR OUTSIDE THE COUNCIL WHO DOES NOT HAVE A LEGITIMATE NEED TO KNOW. ALL EMPLOYEES SHOULD AVOID PERSONAL ACTIVITIES OR INVOLVEMENT WHICH MAY RESULT IN PERSONAL BENEFIT AND THUS CREATE OR APPEAR TO CREATE A CONFLICT WITH THEIR RESPONSIBILITY AND LOYALTY TO THE COUNCIL. SHOULD YOU RECEIVE ANY GIFTS, GRATUITIES, OR OTHER ITEMS OF VALUE GREATER THAN $100 FROM MEMBER OWNED ENTITIES, VENDORS, OR BUSINESS CONTACTS OF NMHC. EMPLOYEES SHOULD DISCLOSE SUCH ITEMS IN WRITING TO THEIR SUPERVISOR, WHO IN TURN WILL GIVE THE DISCLOSURE TO THE SENIOR VICE PRESIDENT OF FINANCE AND OPERATIONS. UNDER NO CIRCUMSTANCES DOES NMHC ALLOW THE PAYMENT OF BRIBES, KICKBACKS, OR ANYTHING OF VALUE TO ANY EMPLOYEE IN EXCHANGE FOR ANY TYPE OF FAVOR, PROFIT, OR CONCESSION. NO LATER THAN JANUARY 31 OF EACH YEAR THE SENIOR VICE PRESIDENT OF FINANCE AND OPERATIONS WILL DISTRIBUTE THE CONFLICTS OF INTEREST FORM TO ALL EMPLOYEES WHO WILL COMPLETE THE FORM WITHIN 30 DAYS OF RECEIPT AND RETURN IT TO THE SENIOR VICE PRESIDENT OF FINANCE AND OPERATIONS WHO WILL FILE THE CONFLICTS OF INTEREST FORM WITH THE CORPORATE FILES. THE SENIOR VICE PRESIDENT REVIEWS THE COMPLETED FORMS WITH THE PRESIDENT AND TAKES ACTIONS TO MITIGATE ANY CONFLICTS AS APPROPRIATE. NMHC ALSO PROVIDES A TOLL-FREE NUMBER AND WEBSITE OF A THIRD-PARTY REPORTING ORGANIZATION TO REPORT SUSPECTED VIOLATIONS OF THE LAW, VIOLATIONS OF NMHC POLICIES AND PROCEDURES, DISHONEST OR UNETHICAL BEHAVIOR, CRIMES, OR IMPROPER BUSINESS ACTIVITIES. THE REPORTING SERVICE PROVIDES MONTHLY REPORTS TO NMHC AND THE CHAIRMAN OF THE AUDIT COMMITTEE. IN EACH ANNUAL REPORT NMHC PROVIDES THE FOLLOWING INFORMATION: NMHC MEMBERS AND EMPLOYEES ARE ENCOURAGED TO REPORT SUSPECTED VIOLATIONS OF THE LAW, VIOLATIONS OF NMHC POLICIES PROCEDURES, DISHONEST OR UNETHICAL BEHAVIOR, CRIMES, OR IMPROPER BUSINESS ACTIVITIES TO NMHC'S SENIOR VICE PRESIDENT OF FINANCE AND OPERATIONS OR THROUGH REPORT LINE AT 877/888-0002 OR WWW.TNWINC.COM/WEBREPORT. FROM TIME TO TIME THE BOARD MAY CHANGE THE PROCESS BY WHICH MEMBERS OR EMPLOYEES MAY COMMUNICATE SUCH REPORTS. EMPLOYEES WILL BE NOTIFIED OF CHANGES BY INTERNAL COMMUNICATIONS. MEMBERS SHOULD CHECK THE NMHC WEB SITE FOR ANY CHANGES TO THE REPORTING PROCESS. THE AUDIT COMMITTEE SHALL ENSURE THAT EMPLOYEES MAY REPORT SUSPECTED VIOLATIONS ANONYMOUSLY IN ACCORDANCE WITH LOCAL, STATE, AND FEDERAL WHISTLEBLOWER STATUTES AND EMPLOYEE PROTECTION ORDINANCES. FORM 990, PART VI, SECTION B, LINE 15 FOR THE PRESIDENT, THE PROCESS INCLUDED A COMPENSATION BENCHMARK STUDY PROVIDED BY A PROFESSIONAL COMPENSATION CONSULTANT, A REVIEW OF THE PRESIDENT'S ACCOMPLISHMENTS BY THE ELECTED OFFICERS, AN EVALUATION BY THE ELECTED OFFICERS, AND A DETERMINATION OF A BONUS COMMUNICATED BY THE ELECTED CHAIRMAN. FOR OTHER NMHC OFFICERS OR KEY EMPLOYEES, THE PROCESS INCLUDED A REVIEW OF THE 2011 COMPENSATION BENCHMARK STUDY PROVIDED BY A PROFESSIONAL COMPENSATION CONSULTANT AND A CURRENT REVIEW OF COMPENSATION DATA FORM PEER REAL ESTATE ASSOCIATIONS. A REVIEW OF EACH EMPLOYEE'S ACCOMPLISHMENTS AND A DETERMINATION OF A BONUS IS MADE BY THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 NMHC MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE BOARD OF DIRECTORS THROUGH THREE YEARLY MEETINGS AND THE ANNUAL RELEASE OF THE AUDITED FINANCIAL STATEMENTS. THE AUDITED FINANCIAL STATEMENTS ARE APPROVED BY THE NMHC AUDIT COMMITTEE BEFORE RELEASE TO THE BOARD OF DIRECTORS. IN ADDITION, A SUMMARY OF THE FINANCIAL STATEMENTS IS PUBLISHED IN THE ANNUAL REPORT. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. NMHC POLITICAL ACTION COMMITTEE 1775 EYE STREET NW SUITE 1100 WASHINGTON DC 20036 521407022 LOBBYING DC 527 N/A NMHC INC 1 NMHC RESEARCH FOUNDATION 1775 EYE STREET NW SUITE 1100 WASHINGTON DC 20036 475446854 FUNDING RESEARCH DC 501(C)(3) LINE 7 NMHC INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 NA