National Affordable Housing Foundation Schenectady Inc is located in Waltham, MA. The organization was established in 1992. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Affordable Housing Foundation Schenectady Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, National Affordable Housing Foundation Schenectady Inc generated $3.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $14.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER AND ENGAGE IN THE DEVELOPMENT OF LOW/MODERATE INCOME HOUSING, AND TO PROVIDE EDUCATION REGARDING AFFORDABLE HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DEVELOP AND MAKE AVAILABLE, FOR RENTAL PURPOSES, 292 UNITS OF LOW AND MODERATE INCOME HOUSING OPERATED UNDER EXISTING U.S. HUD GUIDELINES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Marc A Cohen Treasurer | OfficerTrustee | 2 | $0 |
William S Casper President | OfficerTrustee | 2 | $0 |
Monroe Moseley Director | Trustee | 2 | $0 |
Elise Dewinter Ecklekamp Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $10,553 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $10,553 |
Total Program Service Revenue | $3,735,690 |
Investment income | $978 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,782,521 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $610,966 |
Fees for services: Legal | $464 |
Fees for services: Accounting | $18,750 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $486,064 |
Advertising and promotion | $9,160 |
Office expenses | $125,391 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $887,840 |
Travel | $10,227 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $477,831 |
Payments to affiliates | $10,674,947 |
Depreciation, depletion, and amortization | $460,168 |
Insurance | $171,351 |
All other expenses | $0 |
Total functional expenses | $14,005,770 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $211,677 |
Savings and temporary cash investments | $1,195,445 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $260,431 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $31,887 |
Net Land, buildings, and equipment | $8,320,533 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,270,787 |
Total assets | $11,290,760 |
Accounts payable and accrued expenses | $175,780 |
Grants payable | $0 |
Deferred revenue | $308,775 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $19,521,655 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $115,517 |
Total liabilities | $20,121,727 |
Net assets without donor restrictions | -$8,830,967 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $11,290,760 |
Organization Name | Assets | Revenue |
---|---|---|
Nycha Ii Housing Development Fund Corporation New York, NY | $21,607,256 | $75,418,815 |
Housing Assistance Corporation Hyannis, MA | $20,544,372 | $36,246,807 |
Eihab Human Services New Jersey Inc Springfield Gardens, NY | $6,084,233 | $34,447,037 |
West Side Federation For Senior Housing Inc New York, NY | $138,485,239 | $41,412,403 |
East Harlem Pilot Block Housing Development Fund Co Inc New York, NY | $76,192,730 | $32,420,395 |
Orange Affordable Housing Inc New York, NY | $0 | $0 |
Housing Visions Unlimited Inc Syracuse, NY | $54,882,329 | $24,284,268 |
Phipps Houses New York, NY | $754,776,508 | $88,001,578 |
C-Hp Cove Inc New York, NY | $8,025,727 | $5,367,385 |
Diego Beekman Mutual Housing Assoc Housing Developmnt Fund Corp Bronx, NY | $60,873,005 | $24,267,142 |
Champlain Housing Tr Burlington, VT | $156,492,954 | $31,041,858 |
Neville Communities Home Inc Cambridge, MA | $11,055,368 | $17,412,264 |