Corporate Governance

Northwest Real Estate Capital Corp. is governed by an uncompensated four-member outside Board of Directors. The Board provides the company with a broader perspective for strategic planning, monitors the company’s adherence to its mission of affordable housing preservation and its status as a tax-exempt organization. The Board reviews and authorizes banking and other relationships, property acquisitions and dispositions, business partnerships, formation of legal entities, financing resolutions, compensation, financial and community involvement and long-term objectives including corporate direction, funding and strategy. The Board is advised by outside bond counsel, Hawley Troxell Ennis and Hawley and external auditors Dauby O’Connor & Zaleski (DOZ).

Its governance activities are memorialized during the annual meeting of the Board of Directors, historically held in Boise, Idaho and Sun Valley, Idaho.

Corporate Officers

NWRECC’s corporate officers are Noel Gill, President; Jess Giuffre, Vice President of Development; Jeryl Schneider, Vice President of Administration;  Richard Kingston, Vice President of Operations & Property Management. These corporate officers supervise key management personnel, establish and foster strong business partner relationships, establish company policies and practices, maintain the overall financial health, operational stability, and effectiveness of the corporation.

Key Management Personnel

Northwest Real Estate Capital Corp. is organized into three main service areas:

  1. Corporate and Administrative Services
  2. Corporate Development Group
  3. Property Management

Board of Directors

The Corporation is governed by a four-member Board of Directors. Directors do not receive compensation for serving on the Board. Board members are reimbursed travel and out-of-pocket costs for attendance, and are covered with Corporate Directors and Officers insurance coverage.

brad_elg-f30acd4fa497575d8ed6fdd3ad7c2793

Mr. Brad A. Elg

Boise Idaho

Brad A. Elg is the founder of Northwest Real Estate Capital Corp. and established the company as a 501(c)3 in January 1999. He collaborates with leadership for mission, culture, systems, development, and personnel. Brad is a University of Idaho accounting graduate, a licensed CPA, a lifelong Idahoan and Navy Veteran. His prior experience includes diversified public accounting experience with the firm of Coopers and Lybrand, structuring real estate investment partnerships, property acquisition, operation and sale of a number of operating companies. He focuses on corporate governance and the strategic financial position.

Mr. James G. Martin Jr.

Hagerman Idaho

Mr. Martin, Secretary of the Board, is a lifelong Idaho resident, residing in Hagerman Idaho, having served on the Board of Directors since 2002. Mr. Martin is a licensed real estate professional with extensive commercial and residential real estate experience. He is also a well- known winemaker as the principal shareholder of Rose Creek Winery. Mr. Martin travels extensively, consulting with Ma Ding, a Chinese company, presently expanding its winemaking capacity and distribution.

Mr. William J. Russell

J.D. M.B.A.
Eagle Idaho

Mr. Russell is an Attorney licensed in Idaho, and a former partner with Elam, Burke & Boyd, Boise, Idaho. Mr. Russell is presently the Dean of the School of Business and Director the MBA Program at Northwest Nazarene University. In addition to running the MBA program, Mr. Russell teaches graduate and undergraduate courses in traditional and non-traditional Business law and Business Ethics. He has his J.D. from the University of Denver and an MBA from Regis University. Mr. Russell has served on the Board of Directors since 2006.

Mr. Eric R. Steigers

Lewiston Idaho

Mr. Steigers, a third generation Idaho wheat farmer is a Vice President/Relationship Manager with Banner Bank, Lewiston, Idaho. Prior to entering private sector banking, Mr. Steigers spent sixteen years as a USDA Farm Service Lending Officer. He is familiar with USDA subsidy programs, including the Section 515 program, as well as extensive knowledge in commercial real estate finance. Mr. Steigers is a graduate of the University of Idaho, with a degree in finance. Mr. Steigers has served on the Board of Directors since 2002.

Noel-Gill_011-Edit

Noel Gill

President

Noel Gill is the President and an officer of Northwest Real Estate Capital Corp. He serves as the chair for the company’s Executive Management Team that is responsible for the strategic goals and objectives, culture, policy, Senior Management and financial strategy. Accounting, Compliance, Development, HR, Operations and Resident Services report up to the Executive Management Team.

Noel has 25 years of experience in affordable housing with HUD, RD and Tax Credits, along with various state and local programs. He has experience and a strong background in Human Resources. Noel has earned his NAHPe, SHCM, CPO and STAR certifications and currently serves on the Board of Directors for the National Affordable Housing Management Association (NAHMA). He was also the past President and Vice President for Idaho AHMA.

jess-picture-crop

Jess Giuffré

Vice President, Development

Jess Giuffré is an officer of NWRECC, serving as Vice President, Development. He is a member of the Executive Management Team and oversees all real estate development activity of the company. Jess joined NWRECC in 2009 and has extensive experience developing affordable housing. In his current role, Jess is primarily responsible for management and oversight of the Development Team, contract negotiation, Investor/Lender relationships, debt & equity structuring, portfolio financing, construction activity oversight, tax credit regulatory compliance, title & closing matters, and expanding development opportunities.

Jess has prior experience in corporate tax preparation, auditing, and commercial real estate acquisition/investment. He is a member of the Idaho chapter of the Urban Land Institute, and a contributor to the City of Boise’s Housing and Homelessness Roundtables coordinated by the Mayor’s office. Jess has bachelor’s degrees in Accounting and Finance from the University of Idaho.

Jeryl-Schneider_018-Edit

Jeryl Schneider

President of Tamarack Property Management Co.
Vice President, Administration

Jeryl Schneider joined the Tamarack Property Management Co. team in 1995 and has worked with Northwest Real Estate Capital Corp since 2009.  As Executive Vice President for Tamarack and Vice President of Administration for Northwest, she serves on the Senior and Executive Management Teams.  Jeryl has experience in corporate operations management, property management, compliance management, grant procurement, process administration, software conversions and implementation projects, tenant relocation projects, tax credit acquisition / rehabilitation / lease-up activities, and on-site administrative functions.

Jeryl is primarily responsible for overseeing administrative services for both companies, including:

  • Company training program
  • Staff development program
  • Policy & procedure development
  • System  administration and IT help desk services
  • Software implementations
  • Systems management
  • Fair housing compliance / section 504

Jeryl has extensive knowledge of affordable housing programs and has directly managed HUD, Tax Credit, HOME, Rural Development, Conventional and Commercial properties, and Condominium Associations.  She and holds the Tax Credit Compliance (C13P), Housing Credit Certified Professional (HCCP) and Certified Professional of Occupancy (CPO) designations, and the Montana Real Estate Property Management and Salesperson licenses.

RhondaGarland

Rhonda Garland

Vice President of Acquisitions, Finance, and Capital Markets

Rhonda Garland is an officer of Northwest Real Estate Capital Corp., and a part of the company’s Executive Management Team which directs the Corporation’s business activities, strategic direction and regulatory compliance. Joining Northwest in 2023, Rhonda brings with her to the company her knowledge and experience in the disciplines of accounting and finance and over 25 years prior experience in commercial and multi-family real estate where previous responsibilities included accounting, financing, property and asset management, leasing, due diligence, acquisition/disposition, brokerage, and other analytical and investment advisory services.

In her current role as Vice President of Acquisitions, Finance, and Capital Markets, Rhonda is responsible for guiding the Corporation’s accounting, cash management, financial reporting, tax compliance and capital formation activities to achieve the company’s financial objectives. Rhonda will also draw on her prior experience to bring transaction brokerage, property acquisitions, and expanded social purpose investment opportunities to Northwest.

Rhonda holds the Certified Commercial Investment Member (CCIM) designation, is active in the Idaho CCIM chapter including prior roles as chapter Treasurer, Vice President and President, is a Leadership Boise program graduate and graduated cum laude from Boise State University with a bachelor’s degree in accounting.

LHSTUDIO.COM

Richard Kingston

Vice President, Operations & Property Management

Richard Kingston has been involved in the property management industry since 1994 managing large and diverse portfolios throughout North America. During that time Richard has worked with a wide variety of projects including development, dispositions, asset repositioning, as well as large-scale capital improvements culminating in profitable, stabilized asset performance and growth. His expertise lies in assembling, training, and leading highly motivated, success-oriented teams in achieving difficult goals with outstanding results. He has had experience in all aspects of multi-family property management including market rate, tax credit and all other affordable sectors.

Kingston believes housing is a right and creating great communities for underserved populations is fundamental to equity, health, and stability. He believes that having ownership and accountability in our communities change lives.

Kingston has earned several designations from the affordable housing industry and is certified in Housing Tax Credits & Compliance. He is also active in state and local multifamily real estate advocacy organizations in the New England & Mid-Atlantic regions and has spoken at numerous trade shows over the years teaching people about the intersection of health and housing

Key Personnel

Jason-Nickel_004-Edit

Mr. Jason Nickel

Controller

Mr. Nickel began his career as a property accountant for Northwest Real Estate Capital Corp. in 2010. He has a Bachelor of Science in Business Accounting and Master of Science in Accountancy from the University of Phoenix. He was promoted to Senior Corporate Accountant in 2016 where he oversaw the corporate accounting, treasury and the daily management of accounts receivable and payable. In August of 2019 he was promoted to Controller for both Northwest Real Estate Capital Corp. and Tamarack Property Management Co.

Terri-Engle_012-Edit

Terri Engle

Human Resource Manager

Joined the Northwest Real Estate Capital/Tamarack Property Management team in 2019 leading the Human Resources department for both organizations. Terri came to us with over 30 years’ experience in Human Resource and General Operations Management in commercial real estate, property management, construction, software development, healthcare, and the non-profit sectors. Terri is responsible for overseeing the Human Resource team and functions for both Northwest and Tamarack, including:
• Employee Engagement
• HR Compliance
• Benefits Administration
• Safety/Worker’s Comp

• Payroll Administration
• Human Resource Information System Management
• Recruiting
• Employee Recognition
• Standard Operating Procedure / Policy and Procedure Development
• Talent and Performance Management
• Leadership / Staff Development and Training
• Strategic Planning
Terri has held a real estate license in several states, and has her SPHR, CEBS and CSP designations. She is a certified training specialist in several software platforms, and has conducted extensive trainings in leadership, customer service and sales. Terri received many awards while serving on the boards of several non-profit organizations throughout her career, and she has spent countless hours volunteering for organizations supporting our military veteran’s, the elderly population, women’s and children’s organizations — her most memorable times with her two therapy dogs.

Mandi-McComb_005-Edit

Mandi McComb

Corporate Compliance Manager

Has been employed with Northwest Real Estate Capital Corp. since 2010. She started as a Compliance Specialist, was promoted to Senior Compliance Specialist and in the March 2019 she was promoted to her current position in the Boise office where she currently supervises ten Compliance Specialists. Amanda is experienced in HUD, Rural Development, HOME, Section 236 and Tax Credit programs.

Kurstin-Marriott_002-Edit

Kurstin Marriott

Resident Services Manager

Kurstin came to Northwest Real Estate Capital Corp. in April of 2019. She has a bachelor’s degree in Communications and Media Studies and brings her experience working in the nonprofit sector along with direct care provision through vocational and residential habilitation. As the Resident Services Manager, her primary focus is on developing and implementing resident services programs that support positive outcomes in our affordable housing communities. Kurstin currently manages 12 HUD-fundedService Coordinator programs who work across five states.

John-Vance_

John Vance

Senior Property Developer

Joined Northwest Real Estate Capital Corp. in 2015, starting as a Property Developer prior to his current role. John has extensive experience in affordable housing development, including managing new construction and acquisition/rehab projects utilizing the 9% Low-Income Housing Tax Credits (LIHTC), HOME Partnership Program, National Housing Trust Fund, and Community Development Block Grants. In his current role, his responsibilities include site selection & project feasibility, project management, title review, subscription agreement, investment structuring, and land use, zoning & entitlement. John has prior experience in several facets of commercial real estate, starting in asset management and culminating in the development of mixed-use projects for a national development company prior to joining Northwest Real Estate Capital Corp.

Education: 

BS, Economics and Political Science, University of Wyoming
MS, Business Administration, University of Denver
MS Real Estate & Construction Management, University of Denver

Todd-Mahoney

Todd Mahoney

Information Technology Manager

Todd joined the Northwest Real Estate Capital Corp. team in 2009 as the company’s first IT Support technician and later returned in 2012. He is the IT Manager for NWRECC and manages the technical support team, Systems Administrator, and Cybersecurity manager. Todd is an IT Professional with 17 years of experience in various system operations, web development and technical support roles. This includes two years of experience working as a Systems Operator for the State of Idaho providing systems support on the State’s Mainframe computer system.

Skills include:

  • IT Operations & Management
  • Systems Administration
  • Technical Support
  • Cloud Networking and Infrastructure
  • Cybersecurity

IT certifications include CompTIA A+ and Network+.

jwitham

Jamie Witham

Director of Property Management

Jamie joined the NWRECC team in May of 2008. She has served in many roles throughout her carrier with NWRECC, beginning as a Property Manager and working up to ARPM, RPM and finally COM. As the Corporate Operations Manager, Jamie’s primary responsibility is overseeing property operations for NW. Jamie has an extensive career in property management and a strong background in affordable property management including HUD, LIHTC, RD and HOME. She is experienced in onboarding large portfolios, bi-lingual (English/Spanish), and also has her COS (Certified Occupancy Specialist).
• Assists in determining the processes and measurements for the success of the Regional Property Manager (RPM) position
• Ensure Regional Property Managers are in compliance with Fair Housing, Housing program requirements, etc.
• Monitors the performance of each asset and provides guidance to the RPM to ensure the asset is operating and performing at its best
• Provides regular communication with each RPM
• Provides backup assistance and support to the RPM if issues arise beyond their control
• Provides ongoing training to the RPM as it relates to, but not limited to, contract renewals, AFHMP, creating and monitoring annual property budgets, etc.
• Develops policies and procedures for the RPM and provides assistance and input to other departments policies and procedures in how they relate to Operations

Corporate and Administrative Services

Corporate and Administrative Services include the support functions that allow both the Development Group and the Management Group to operate effectively. The depth and intelligence of these services reduce investment risk while achieving the company’s mission.

A sample of these services include:

  1. Accounting, Financial reporting, Collections and equipment tagging and vendor relations
  2. IT systems and software, information security, web-based management systems, technical support
  3. Insurance & safety programs
  4. Human resources, employment practices, training programs, policies and benefits
  5. Financial management, banking and cash flow
  6. Audit & Tax services
  7. State licensing and operational authority
  8. Strategic planning

Key Personnel

Jeryl Schneider
Vice President
Mr. Jason Nickel
Controller
Ms. Terri Engle
Human Resource Manager
Todd Mahoney
IT Systems Administrator
Darian Cook
IT Help Desk Specialist
Sondi Cadlo
Administrative Assistant
Mr. Michael Barton
Senior Accountant
Mr. Mike Ball
Senior Accountant
Ms. Diane Wheeler
Human Resource Generalist
Olivia Smith
Executive Assistant

Corporate Development Group

Corporate Development is responsible for:

  1. Acquisition
  2. Equity capital formation
  3. Rehabilitation
  4. New construction

The major technical components involved are:

    1. Acquisition screening and due diligence
    2. Capital needs assessment
    3. Governing documents review
    4. Financing plan determination
    5. Business partner commitment
    6. Agency and stakeholder approvals
    7. Rehabilitation planning and execution
    8. Resident temporary dislocation during rehabilitation
    9. Tax Credit Placed in Service

Key Personnel

Mr. Jess Giuffré
Vice President, Development
Mr. John T. Vance
Senior Property Developer
Mr. Andy Connell
Property Developer
Ms. Cheryl McNatt
Development Coordinator

Property Management Group

Property Management Group is responsible for:

  1. Operation of the development in accordance with the financial projections
  2. Regulatory compliance with governing documents and federal regulations
  3. Asset management in accordance with the capital reinvestment plan and cash flow requirements of the stakeholders.

This group essentially adopts the financial model created by the development group and incorporates it into a management plan for the property. Using web based applications, strong monthly financial reporting, and trained personnel, the management group assures the asset performs in accordance with the plan.

Key Personnel

Richard Kingston
Vice President Operations and Property Management

 

Jamie Witham
Director of Property Management
Ms. Carla Pitzen
Asset Manager

 

Mike Gordon
Director of Facilities and Sustainability
Ms. Mandi McComb
Corporate Compliance Manager
Dustin Tucker
Regional Asset Manager
Laura Van Dongen
Regional Asset Manager