National Community Stabilization Trust Llc
- Assets
- $2.2m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 13
- Location
- Washington, DC
- Founding
- 09/2009
- Data as of
- 12/2023
- EIN
- 26-3703347
Organization Overview
National Community Stabilization Trust Llc is located in Washington, DC. The organization was established in 2009. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, National Community Stabilization Trust Llc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Community Stabilization Trust Llc 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, National Community Stabilization Trust Llc generated $2.1m 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 (8.5%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.0%) 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
NCST WORKS TO INCREASE HOMEOWNERSHIP BY EXPANDING THE SUPPLY OF AFFORDABLE, SINGLE-FAMILY HOMES TO STABILIZE NEIGHBORHOODS, BUILD COMMUNITY WEALTH, AND ADVANCE RACIAL EQUITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NCST WAS FOUNDED IN 2008 IN RESPONSE TO THE FORECLOSURE CRISIS THAT RESULTED IN ALMOST 10 MILLION FORECLOSURES. BY PROVIDING A BRIDGE BETWEEN LENDERS WITH REO INVENTORY AND COMMUNITY ORGANIZATIONS DESIRING TO REHAB THEM FOR PRODUCTIVE REUSE, REOMATCH ENABLED SIGNIFICANT NEIGHBORHOOD STABILIZATION ACTIVITY IN MARKETS ACROSS THE UNITED STATES AND HELPED BUILD CAPACITY IN THE COMMUNITY DEVELOPMENT COMMUNITY. IN ITS FIRST 15 YEARS OF OPERATION, NCST WORKED WITH MORE THAN 1,000 LOCAL PARTNERS TO PUT 28,000 SINGLE FAMILY HOMES BACK TO WORK AS AFFORDABLE HOMEOWNERSHIP OR RESPONSIBLE RENTAL. IN MORE RECENT YEARS, NCST ALSO HAS BUILT A HIGHLY EFFECTIVE RESEARCH AND POLICY DEVELOPMENT OPERATION BY RECRUITING SENIOR POLICY EXPERTS TO ITS TEAM. THIS TEAM KNOWS HOW TO TRANSLATE NCST'S EXPERIENCE IN REAL ESTATE - SUPPORTED BY A LARGE PROPRIETARY DATASET ON ACQUISITION AND REHAB - INTO MEANINGFUL AND REALISTIC POLICY OBJECTIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Tyson President | OfficerTrustee | 40 | $280,000 |
Andrew Jakabovics Chair Of The Board | OfficerTrustee | 0.2 | $0 |
Lot Diaz Member Manager | Trustee | 0.2 | $0 |
Paul Singh Member Manager | Trustee | 0.2 | $0 |
Eric Chatman Member Manager | Trustee | 0.2 | $0 |
Bob Cooney Member Manager | Trustee | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brinovation Inc Data Processing Services | 12/30/22 | $134,157 |
Mosaic Line Llc Program Consultant | 12/30/22 | $120,000 |
Marcum Llp Accounting/hr Services | 12/30/22 | $108,625 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $374,025 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,394,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,768,775 |
| Total Program Service Revenue | $307,811 |
| Investment income | $34,037 |
| 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 | $2,115,297 |
| 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. | $570,596 |
| Compensation of current officers, directors, key employees. | $208,399 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $856,471 |
| Pension plan accruals and contributions | $39,943 |
| Other employee benefits | $90,707 |
| Payroll taxes | $94,361 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,364 |
| Fees for services: Accounting | $194,034 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $235,602 |
| Advertising and promotion | $0 |
| Office expenses | $32,899 |
| Information technology | $227,430 |
| Royalties | $0 |
| Occupancy | $42,692 |
| Travel | $105,743 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,458 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $52,338 |
| All other expenses | $0 |
| Total functional expenses | $2,735,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $397,475 |
| Savings and temporary cash investments | $1,005,812 |
| Pledges and grants receivable | $374,025 |
| Accounts receivable, net | $0 |
| 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 | $51,437 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $366,438 |
| Intangible assets | $0 |
| Other assets | $3,258 |
| Total assets | $2,198,445 |
| Accounts payable and accrued expenses | $158,767 |
| Grants payable | $0 |
| Deferred revenue | $3,000 |
| 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 | $437,000 |
| Unsecured mortgages and notes payable | $250,000 |
| Other liabilities | $3,920 |
| Total liabilities | $852,687 |
| Net assets without donor restrictions | $921,508 |
| Net assets with donor restrictions | $424,250 |
| 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 | $2,198,445 |