National Community Stabilization Trust Llc
- Assets
- $3.9m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 15
- Location
- Washington, DC
- Founding
- 09/2009
- Data as of
- 12/2021
- 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 12/2021, National Community Stabilization Trust Llc employed 15 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 12/2021, National Community Stabilization Trust Llc generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE NATIONAL COMMUNITY STABILIZATION TRUST (NCST) STRENGTHENS COMMUNITIES BY FACILITATING THE REDEVELOPMENT AND REUSE OF VACANT, SINGLE-FAMILY (1-4 UNIT) HOMES. THIS WORK HAS A DOUBLE BOTTOM LINE: IT PREVENTS NEIGHBORHOOD BLIGHT WHILE INCREASING THE SUPPLY OF HIGH-QUALITY PROPERTIES AVAILABLE FOR AFFORDABLE HOMEOWNERSHIP OR RESPONSIBLE RENTAL.
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 11 YEARS OF OPERATION, NCST WORKED WITH MORE THAN 1,000 LOCAL PARTNERS TO PUT 27,000 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 |
|---|---|---|---|
Julia Gordon President | OfficerTrustee | 40 | $283,416 |
Kris Siglin VP Policy And Partnerships | 40 | $170,726 | |
Carlos Alcazar COO | Officer | 40 | $165,690 |
Erin Persons VP Of Program Operations | 40 | $165,690 | |
Gloria Ramon VP Of Development | 40 | $150,687 | |
Racquel Reddie Managing Director, Community Dev. | 40 | $144,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marcum Llp Accounting/hr Services | 12/30/21 | $138,047 |
Mosaic Line Llc Program Consultant | 12/30/21 | $110,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $721,579 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,450,138 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,171,717 |
| Total Program Service Revenue | $635,325 |
| Investment income | $16,086 |
| 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 | $2,826,968 |
| 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. | $493,540 |
| Compensation of current officers, directors, key employees. | $251,279 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,404,338 |
| Pension plan accruals and contributions | $46,676 |
| Other employee benefits | $150,576 |
| Payroll taxes | $137,320 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,081 |
| Fees for services: Accounting | $152,832 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $195,531 |
| Advertising and promotion | $0 |
| Office expenses | $17,369 |
| Information technology | $283,353 |
| Royalties | $0 |
| Occupancy | $91,187 |
| Travel | $3,523 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,167 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $46,965 |
| All other expenses | $0 |
| Total functional expenses | $3,156,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $545,468 |
| Savings and temporary cash investments | $3,087,916 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $164,818 |
| 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 | $58,052 |
| 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 | $3,856,254 |
| Accounts payable and accrued expenses | $97,632 |
| Grants payable | $0 |
| Deferred revenue | $22,130 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $350,000 |
| Other liabilities | $0 |
| Total liabilities | $619,762 |
| Net assets without donor restrictions | $3,227,970 |
| Net assets with donor restrictions | $8,522 |
| 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 | $3,856,254 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that National Community Stabilization Trust Llc has recieved totaling $445,009.
| Awarding Organization | Amount |
|---|---|
Rockefeller Foundation New York, NY PURPOSE: TOWARD THE COSTS OF THE DASH FUND, A PILOT PROJECT WHICH PROVIDES DEBT CAPITAL TO SMALL ENTREPRENEURS WHO ACQUIRE, RENOVATE, AND RE-SELL SINGLE-FAMILY HOMES TO OWNER-OCCUPANTS IN BALTIMORE, MD NEIGHBORHOODS THAT HAVE HISTORICALLY SUFFERED FROM DISINVESTMENT | $235,000 |
Rockefeller Foundation New York, NY PURPOSE: TOWARD THE COSTS OF THE DASH FUND, A PILOT PROJECT WHICH PROVIDES DEBT CAPITAL TO SMALL ENTREPRENEURS WHO ACQUIRE, RENOVATE, AND RE-SELL SINGLE-FAMILY HOMES TO OWNER-OCCUPANTS IN BALTIMORE, MD NEIGHBORHOODS THAT HAVE HISTORICALLY SUFFERED FROM DISINVESTMENT | $200,000 |
Indianapolis Neighborhood Housing Partnership Inc Indianapolis, IN PURPOSE: GENERAL GRANT DISBURSEMENTS | $10,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $9 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Habitat For Humanity International Leesburg, VA | $1,817,454 | $3,499,520 |
Housing Initiative Partnership Inc Hyattsville, MD | $6,736,869 | $3,837,345 |
National Community Stabilization Trust Llc Washington, DC | $3,856,254 | $2,826,968 |
Habitat For Humanity International Inc Fredericksburg, VA | $1,919,221 | $2,299,173 |
Rebuilding Together Montgomery County Inc Gaithersburg, MD | $841,323 | $1,634,994 |
Hampton Roads Housing Assistants Inc Chesapeake, VA | $311,808 | $1,030,750 |
Rebuilding Together Howard County Inc Columbia, MD | $341,267 | $727,161 |
Diversified Housing Development Inc Windsor Mill, MD | $1,519,809 | $548,313 |
Housing Partnerships Inc Williamsburg, VA | $802,371 | $474,871 |
Renovation Alliance Roanoke, VA | $344,556 | $512,844 |
Green Meadow Homes Inc Sterling, VA | $28,050 | $501,947 |
Southern Virginia Development Corporation Inc Emporia, VA | $1,006,034 | $280,921 |