Corporate Governance

Northwest Real Estate Capital Corp. is governed by an uncompensated five-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 Brad A. Elg, President, and Noel Gill, Executive Vice President, who are responsible for the corporation’s strategic planning. 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. Operations and Compliance Management Group

Brad A. Elg

President

Brad A. Elg is the founder of Northwest Real Estate Capital Corp., and has been primarily responsible for establishing the corporation’s culture, systems, personnel and mission, that of intelligent housing preservation. Brad is a University of Idaho accounting graduate, a licensed CPA, a lifelong Idaho resident and Navy Veteran. His prior experience includes diversified public accounting experience with the firm of Coopers & Lybrand, involvement in real estate investment partnerships, and purchase, operation and sale of a number of operating companies. He has primary responsibility for corporate governance, accounting and financial reporting.

Noel Gill

Executive Vice President

Noel Gill is the Executive Vice 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 24 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 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

Vice President

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.

Shane Davis

Vice President

Shane Davis joined the Northwest Real Estate Capital Corp. team in 2019 after working in the affordable housing industry since 1999.  He brings to NWRECC his experience in the oversite and direction of multiple Regional Property Managers, leasing and oversite of commercial properties as well as his work implementing best practices through various policy and operating manual revisions.

In his role as Vice President, the focus of his responsibilities are:

  • Oversight of company operations
  • Creation of policies and procedures
  • Operational training goals and objectives
  • Asset Management
  • Implementation of new business

Shane has worked with the following affordable programs: 202/8, PRAC 811, Mod Rehab, Section 42, Section 8, Section 504, HOME.  Along with a variety of affordable programs, he has been actively involved with housing for vulnerable populations: chronically homeless, domestic violence victims, SPMI, elderly and the disabled.  His professional certifications/designations include: NAHP, CPO, FHC, HCCP, TCS.

Key Personnel

Joel Johnston
Vice President, Tamarack Property Management Co.
Mr. Jason Nickel
Controller
Kyle Carnes
Corporate Operations Manager Region I
Terri Engle
Human Resource Manager
Mandi McComb
Corporate Compliance Manager
Kurstin Marriott
Resident Services Manager
John Vance
Senior Property Developer

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
Jennie Brinser
Administrative 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. Ben Casiano
Property Developer
Mr. Andy Connell
Associate Project Manager
Ms. Thea Stemple
Development Coordinator
Ms. Cheryl McNatt
Development Coordinator

Operations and Compliance Management Group

Property Operations and Compliance 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

Shane Davis
Vice President
Kyle Carnes
Corporate Operations Manager Region I
Ms. Kimara Cisneros
Corporate Operations Manager Region II
Ms. Mandi McComb
Corporate Compliance Manager