Neighborhood Assistance Corporation Of America

Organization Overview

Neighborhood Assistance Corporation Of America is located in Boston, MA. The organization was established in 1995. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Neighborhood Assistance Corporation Of America employed 945 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood Assistance Corporation Of America is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 12/2021, Neighborhood Assistance Corporation Of America generated $49.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $23.8m during the year ending 12/2021. While expenses have increased by 3.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO STABILIZE COMMUNITIES THROUGH AFFORDABLE HOME OWNERSHIP AND COMMUNITY ADVOCACY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

NACA'S MISSION IS TO STABILIZE COMMUNITIES THROUGH AFFORDABLE HOMEOWNERSHIP AND COMMUNITY ADVOCACY. NACA PROVIDES UNPRECEDENTED HOMEOWNERSHIP OPPORTUNITIES FOR PRIMARILY LOW AND MODERATE INCOME PEOPLE AND PEOPLE PURCHASING IN LOW AND MODERATE INCOME COMMUNITIES. THIS IS PRIMARILY THROUGH EDUCATION, MORTGAGE ASSISTANCE AND MORTGAGE ORIGINATION IN COMBINATION WITH ACCESS TO AFFORDABLE MORTGAGES. NACA ALSO ASSISTS HOMEOWNERS WHO HAVE AN UNAFFORDABLE MORTGAGE. NACA'S ADVOCACY INCLUDES NEIGHBORHOOD STABILIZATION INITIATIVES AND ACTIVITIES OPPOSING PREDATORY AND DISCRIMINATORY LENDING PRACTICES. NACA ALSO ADDRESSES OTHER ISSUES OF ECONOMIC JUSTICE AND FINANCIAL EXPLOITATION OF PRIMARILY LOW AND MODERATE INDIVIDUALS AND COMMUNITIES. PARTICIPANTS CAN BECOME NACA MEMBERS AND ACCESS THE MORTGAGE PRODUCT AVAILABLE THROUGH NACA AND RECEIVE ADDITIONAL SERVICES INCLUDING EXTENSIVE POST-PURCHASE ASSISTANCE TO PREVENT THE FORECLOSURE ON THEIR HOME. NACA IS OPEN TO ALL RESIDENTS IN THE COMMUNITIES WHERE NACA HAS ESTABLISHED ITS PRESENCE OR PROVIDES SERVICES. NACA'S NATIONAL OFFICE IS LOCATED IN BOSTON, MASSACHUSETTS WITH LOCAL OFFICES SERVICING INDIVIDUALS AND COMMUNITIES THROUGHOUT THE UNITED STATES.


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Board, Officers & Key Employees

Name (title)Compensation
Bruce Marks
Pres/ceo/dir
$234,773
Scott Nguyen
Software Dev
$180,101
Erick Exum
Mortgage Dep
$150,889
Tammy Johnson
Hand Directo
$129,160
Morio White
Mortgage Cou
$118,539
Marissa Landrau-Pirazzi
Clerk
$91,445

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Adkins Kelston Zavez
Legal
$162,914
Jerome Washington
Re Agent
$143,475
Quality Analytic Associates
Quality Control
$102,173
Josephine Hood
Re Agent
$101,350
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$587,500
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$587,500
Total Program Service Revenue$47,785,835
Investment income $1,265,531
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $16,758
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $49,655,624

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Neighborhood Assistance Corporation Of America has recieved totaling $25,439.

Awarding OrganizationAmount
Unite Here

Honolulu, HI

PURPOSE: FINANCIAL ASSISTANCE

$25,439
View Grant Recipient Profile

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