National Association Of Local Housing Finance Agencies
- Assets
- $592.0k
- Revenue
- $550.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 08/1983
- Data as of
- 12/2021
- EIN
- 52-1293119
Organization Overview
National Association Of Local Housing Finance Agencies is located in Washington, DC. The organization was established in 1983. 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. National Association Of Local Housing Finance Agencies is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, National Association Of Local Housing Finance Agencies generated $550.7k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $504.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 6 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
NALHFA IS THE LEADING LOCAL AFFORDABLE HOUSING ADVOCATE, INFLUENCING THE SHAPE AND CONTENT OF CONGRESSIONAL LEGISLATION AND AGENCY REGULATIONS AFFECTING AFFORDABLE HOUSING FINANCE. AS A NON-PROFIT ASSOCIATION, NALHFA IS AN ADVOCATE BEFORE CONGRESS AND FEDERAL AGENCIES ON LEGISLATIVE AND REGULATORY ISSUES AFFECTING AFFORDABLE HOUSING AND PROVIDES TECHNICAL ASSISTANCE AND EDUCATIONAL OPPORTUNITIES TO ITS MEMBERS AND THE PUBLIC. MEMBERS ARE CITY AND COUNTY AGENCIES, NON-PROFITS, AND PRIVATE FIRMS, SUCH AS UNDERWRITERS, CONSULTANTS, FINANCIAL ADVISERS, BOND COUNSEL, AND RATING AGENCIES, WHICH HELP IN PRODUCING HOUSING FROM CONCEPT TO COMPLETION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONFERENCE - NALHFA OFFERS AN ANNUAL CONFERENCE THAT PROVIDES A FOCUSED ENVIRONMENT TO GAIN CUTTING-EDGE INFORMATION ON AFFORDABLE HOUSING FINANCING METHODS AND PRACTICES. THERE ARE SESSIONS FOR PROFESSIONALS AT ALL LEVELS OF THEIR ORGANIZATIONS AND IN MANY VARIED FIELDS OF AFFORDABLE HOUSING FINANCE.
NALHFA LEGISLATIVE CONFERENCE - NALHFA REGULARLY HOLDS THE LEGISLATIVE CONFERENCE TO SUPPORT THE ASSOCIATION'S MISSION ADVANCING ITS LEGISLATIVE AND REGULATORY PRIORITIES. THE ONE-DAY CONFERENCE WAS A GREAT OPPORTUNITY TO SHARE IDEAS AND LEARN ABOUT A VARIETY OF TOPICS AND NETWORK WITH INDUSTRY LEADERS FROM ACROSS THE COUNTRY. ATTENDEES HEARD ABOUT THE LATEST HAPPENINGS IN WASHINGTON ON TOPICS INCLUDING THE LOW INCOME HOUSING TAX CREDIT, THE FEDERAL BUDGET, TAX REFORM, AND OTHER DEVELOPMENTS AFFECTING THE AFFORDABLE HOUSING FINANCE INDUSTRY. NALHFA ALSO SCHEDULES APPOINTMENTS FOR ITS MEMBERS TO MEET PERSONALLY WITH THEIR LAWMAKERS TO MAKE SURE OUR COLLECTIVE LEGISLATIVE PRIORITIES AND CONCERNS ARE SHARED WITH LEADERS THAT ARE IN A POSITION TO MAKE A DIFFERENCE.
ADVOCACY - NALHFA IS AN ADVOCATE BEFORE CONGRESS AND FEDERAL AGENCIES ON LEGISLATIVE AND REGULATORY ISSUES AFFECTING AFFORDABLE HOUSING AND PROVIDES TECHNICAL ASSISTANCE AND EDUCATIONAL OPPORTUNITIES TO ITS MEMBERS AND THE PUBLIC.
COMMUNICATIONS, PUBLICATIONS AND NEWSLETTERS - NALHFA'S PUBLICATIONS AND PROFESSIONAL RESOURCES PROVIDE EDUCATIONAL TOOLS FOR HOUSING PROFESSIONALS FINANCING AFFORDABLE HOUSING AT THE LOCAL LEVEL. THE LIBRARY MAINTAINED BY NALHFA INCLUDES THE ABCS OF HOUSING BONDS AND BONDS FOR BEGINNERS. IN ADDITION, NALHFA DISTRIBUTES INFORMATION THROUGH ITS BIWEEKLY ELECTRONIC MEMBER NEWSLETTER, LEGISLATIVE & REGULATORY ALERTS, AND PRESS RELEASES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Shaw Immediate Past President | OfficerTrustee | 2 | $0 |
Dawn Arnold Vice President | OfficerTrustee | 2 | $0 |
Cheree Gulley Secretary | OfficerTrustee | 2 | $0 |
Damon Burns Treasurer | OfficerTrustee | 2 | $0 |
Jonathan Paine Executive Director | Officer | 20 | $0 |
William L Brewer Director | Trustee | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $549,359 |
| Investment income | $155 |
| 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 | $550,661 |
| 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 | $277,984 |
| Fees for services: Legal | $612 |
| Fees for services: Accounting | $7,875 |
| Fees for services: Lobbying | $160,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,827 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,977 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,041 |
| All other expenses | $0 |
| Total functional expenses | $504,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $420,860 |
| Savings and temporary cash investments | $155,850 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $180 |
| 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 | $9,650 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,500 |
| Total assets | $592,040 |
| Accounts payable and accrued expenses | $500 |
| Grants payable | $0 |
| Deferred revenue | $73,625 |
| 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 | $74,125 |
| Net assets without donor restrictions | $517,915 |
| 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 | $592,040 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Association Of Home Builders Of The United States Washington, DC | $117,181,599 | $47,272,832 |
National Apartment Association Arlington, VA | $36,578,270 | $34,472,867 |
Leadingage Inc Washington, DC | $34,986,280 | $17,783,069 |
National Housing Center Corp Washington, DC | $55,551,825 | $8,807,162 |
National American Indian Housing Council Washington, DC | $5,348,139 | $3,809,714 |
National Association Of Residential Property Managers Chesapeake, VA | $7,197,610 | $3,141,683 |
Public Housing Authorities Directors Association Washington Dc, DC | $6,101,461 | $2,791,595 |
Association Of Foreign Investors In Real Estate Washington, DC | $2,165,663 | $2,052,109 |
Stewards Of Affordable Housing For The Future Washington, DC | $4,750,399 | $3,265,921 |
Nahma Inc Alexandria, VA | $1,371,765 | $1,737,919 |
National Housing Rehabilitation Association Washington, DC | $1,764,260 | $1,317,747 |
National Association Of Affordable Housing Lenders Washington, DC | $2,812,114 | $1,286,795 |