National Affordable Housing Trust Inc
- Assets
- $19.9m
- Revenue
- $9.0m
- Investments
- $0.0
- Employees
- 36
- Location
- Columbus, OH
- Founding
- 02/1987
- Data as of
- 06/2023
- EIN
- 52-1450306
Organization Overview
National Affordable Housing Trust Inc is located in Columbus, OH. The organization was established in 1987. 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. As of 06/2023, National Affordable Housing Trust Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Affordable Housing Trust 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 06/2023, National Affordable Housing Trust Inc generated $9.0m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $8.4m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 8 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
TO PROVIDE PROGRAM AND SUPERVISORY MANAGEMENT TO LOW-INCOME HOUSING PROPERTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO BE A RELIABLE SOURCE OF CAPITAL AND DEVELOPMENT EXPERTISE FOR AFFORDABLE HOUSING AND PROGRAM AND SUPERVISORY MANAGEMENT OF LOW-INCOME HOUSING PROPERTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Latimer-Nelligan Chair | Trustee | 1 | $0 |
Panagiota Mahendru Director | Trustee | 1 | $0 |
Eric Price Director | Trustee | 1 | $0 |
Andrea Ponsor Director | Trustee | 1 | $0 |
Jill Edwards Director | Trustee | 1 | $0 |
Lucy Arellano Baglieri Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kutak Rock Llp Legal | 6/29/23 | $388,899 |
Novogradac & Company Llp Audit/tax | 6/29/23 | $379,448 |
Holland And Knight Llp Legal | 6/29/23 | $254,808 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $555,000 |
| 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 | $555,000 |
| Total Program Service Revenue | $8,107,640 |
| Investment income | $264,175 |
| 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 | $9,030,315 |
| 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. | $2,531,282 |
| Compensation of current officers, directors, key employees. | $704,050 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,398,026 |
| Pension plan accruals and contributions | $307,586 |
| Other employee benefits | $599,365 |
| Payroll taxes | $275,983 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,288 |
| Fees for services: Accounting | $37,169 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,949 |
| Office expenses | $233,160 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,750 |
| Travel | $37,172 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $151,634 |
| Interest | $135,900 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,324 |
| Insurance | $102,401 |
| All other expenses | $38,682 |
| Total functional expenses | $8,378,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,859,287 |
| Savings and temporary cash investments | $1,680,663 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,502,368 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $167,397 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,516,955 |
| Net Land, buildings, and equipment | $747,058 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,467,609 |
| Intangible assets | $0 |
| Other assets | $963,119 |
| Total assets | $19,904,456 |
| Accounts payable and accrued expenses | $5,908,963 |
| 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 | $824,414 |
| Other liabilities | $1,230,921 |
| Total liabilities | $7,964,298 |
| Net assets without donor restrictions | $11,940,158 |
| 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 | $19,904,456 |
Grants Awarded
Over the last fiscal year, National Affordable Housing Trust Inc has awarded $2,054,795 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL CHURCH RESIDENCES PURPOSE: TO ASSIST IN THE ORGANIZATION'S EFFORTS TO CREATE AND SUSTAIN AFFORDABLE HOUSING. | $256,908 |
RETIREMENT HOUSING FOUNDATION PURPOSE: TO ASSIST IN THE ORGANIZATION'S EFFORTS TO CREATE AND SUSTAIN AFFORDABLE HOUSING. | $263,996 |
VOLUNTEERS OF AMERICA PURPOSE: TO ASSIST IN THE ORGANIZATION'S EFFORTS TO CREATE AND SUSTAIN AFFORDABLE HOUSING. | $394,956 |
THE EVANGELICAL LUTHERAN GOOD SAMARITAN SOCIETY PURPOSE: TO ASSIST IN THE ORGANIZATION'S EFFORTS TO CREATE AND SUSTAIN AFFORDABLE HOUSING. | $235,126 |
MERCY HOUSING INC PURPOSE: TO ASSIST IN THE ORGANIZATION'S EFFORTS TO CREATE AND SUSTAIN AFFORDABLE HOUSING. | $107,623 |
STEWARDS OF AFFORDABLE HOUSING FOR THE FUTURE PURPOSE: TO SUPPORT EFFORTS TO FIND POLICY SOLUTIONS SURROUNDING AFFORDABLE HOUSING ISSUES. | $470,000 |