Nna Fund
- Assets
- $210.5k
- Revenue
- $240.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 10/2007
- Data as of
- 12/2023
- EIN
- 26-0866502
Organization Overview
Nna Fund is located in Washington, DC. The organization was established in 2007. According to its NTEE Classification (L03) the organization is classified as: Professional Societies & Associations, 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. Nna Fund 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 12/2023, Nna Fund generated $240.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (13.8%) each year. All expenses for the organization totaled $273.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.7%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FUND WILL PROMOTE THE LONG-TERM PRESERVATION OF DECENT, SAFE AND AFFORDABLE HOUSING FOR LOW- AND MODERATE-INCOME PERSONS AND FAMILIES AND MAY SEEK TO COMBAT COMMUNITY DETERIORATION AND/OR PROMOTE ECONOMIC REVITALIZATION OF DISTRESSED AREAS. IN FURTHERANCE OF SUCH PURPOSES, THE FUND WILL ENGAGE IN PEER-TO-PEER TRAINING, NETWORKING, EDUCATION AND OTHER SIMILAR ACTIVITIES IN SUPPORT OF HOUSING AND COMMUNITY DEVELOPMENT NON-PROFITS NATIONWIDE, ESPECIALLY THOSE THAT ARE MEMBERS OF THE NEIGHBORWORKS NETWORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND SUPPORTED THE ANNUAL NEIGHBORWORKS EXECUTIVE SYMPOSIUM, BRING TOGETHER OVER 400 EXECUTIVES FROM THE HOUSING AND COMMUNITY DEVELOPMENT FIELD TO SHARE IDEAS, EXPERIENCES AND BEST PRACTICES WITH THEIR PEERS. THE FUND PROVIDED FINANCIAL AND TECHNICAL SUPPORT FOR PLENARY SESSIONS, EDUCATIONAL SEMINARS AND SMALL PEER MEETINGS FOCUSING SPECIFICALLY ON HOW TO STABILIZE AND INCREASE IMPACT BY HOUSING AND COMMUNITY DEVELOPMENT LEADERS, AND THEIR ORGANIZATIONS ON LOW AND MODERATE INCOME COMMUNITIES THAT THEY SERVE.
THE FUND ALSO SUPPORTED INNOVATIVE LENDING AND CAPITAL INITIATIVES WITH THE GOAL OF ADDITIONAL ACCESS FOR CAPITAL BY LOW TO MODERATE INCOME HOME OWNERS, SMALL BUSINESSES AND OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lou Tisler Executive Dir. | Officer | 40 | $0 |
Stacy Brown Director | Trustee | 1 | $0 |
Steven Cordova Treasurer | OfficerTrustee | 1 | $0 |
Patricia Garcia-Duarte Secretary | OfficerTrustee | 1 | $0 |
Dan Ellis President | OfficerTrustee | 1 | $0 |
Gloria Fisher Director | Trustee | 1 | $0 |
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 | $240,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $240,000 |
| Total Program Service Revenue | $0 |
| Investment income | $3 |
| 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 | $240,003 |
| 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. | $92,308 |
| Compensation of current officers, directors, key employees. | $24,923 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,947 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,510 |
| Payroll taxes | $13,330 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $374 |
| Fees for services: Accounting | $15,953 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,536 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $8,221 |
| Royalties | $0 |
| Occupancy | $5,400 |
| Travel | $7,334 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,749 |
| All other expenses | $3,058 |
| Total functional expenses | $273,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191,459 |
| Savings and temporary cash investments | $10,004 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,589 |
| 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 | $486 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $210,538 |
| Accounts payable and accrued expenses | $34,379 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $34,379 |
| Net assets without donor restrictions | $176,159 |
| 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 | $210,538 |