National Affordable Housing Trust Inc
- Assets
- $12.5m
- Revenue
- $8.9m
- Investments
- $0.0
- Employees
- 28
- Location
- Columbus, OH
- Founding
- 02/1987
- Data as of
- 12/2020
- 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 12/2020, National Affordable Housing Trust Inc employed 28 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 12/2020, National Affordable Housing Trust Inc generated $8.9m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $8.2m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (1.6%) 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
2020
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 |
|---|---|---|---|
Lori Little CEO And President | Officer | 40 | $437,298 |
David S Michaels Secretary & Senior VP | Officer | 40 | $246,318 |
Douglas P Bates CFO & Treasurer | Officer | 40 | $235,948 |
Paul M Cummings Senior Vp, Originations & Capital Markets | 40 | $229,093 | |
Sam Merkle Senior Vp, Fund Management | 40 | $223,756 | |
David Lennon Senior Vp, Developmen | 40 | $218,001 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kutak Rock Llp Legal | 12/30/20 | $392,721 |
Novogradac & Company Llp Audit/tax | 12/30/20 | $331,398 |
Holland & Knight Llp Legal | 12/30/20 | $137,610 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,350,000 |
| 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 | $2,350,000 |
| Total Program Service Revenue | $6,398,272 |
| Investment income | $58,210 |
| 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 | $8,943,724 |
| 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. | $1,994,842 |
| Compensation of current officers, directors, key employees. | $452,298 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,865,862 |
| Pension plan accruals and contributions | $238,114 |
| Other employee benefits | $336,006 |
| Payroll taxes | $223,218 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $250 |
| Fees for services: Accounting | $67,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $148,890 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $108,500 |
| Travel | $22,201 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,779 |
| Interest | $24,363 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,651 |
| Insurance | $78,468 |
| All other expenses | $3,805 |
| Total functional expenses | $8,153,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,259,502 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,413,317 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $622,474 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,085,495 |
| Net Land, buildings, and equipment | $69,195 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,055,750 |
| Intangible assets | $0 |
| Other assets | $7,032 |
| Total assets | $12,512,765 |
| Accounts payable and accrued expenses | $2,650,979 |
| 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 | $1,580,895 |
| Other liabilities | $0 |
| Total liabilities | $4,231,874 |
| Net assets without donor restrictions | $8,280,891 |
| 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 | $12,512,765 |
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 |
|---|---|
Washington, DC PURPOSE: TO SUPPORT EFFORTS TO FIND POLICY SOLUTIONS SURROUNDING AFFORDABLE HOUSING ISSUES. | $470,000 |
Eden Prairie, MN PURPOSE: TO ASSIST IN THE ORGANIZATION'S EFFORTS TO CREATE AND SUSTAIN AFFORDABLE HOUSING. | $394,956 |
Long Beach, CA PURPOSE: TO ASSIST IN THE ORGANIZATION'S EFFORTS TO CREATE AND SUSTAIN AFFORDABLE HOUSING. | $263,996 |
Columbus, OH PURPOSE: TO ASSIST IN THE ORGANIZATION'S EFFORTS TO CREATE AND SUSTAIN AFFORDABLE HOUSING. | $256,908 |
Sioux Falls, SD PURPOSE: TO ASSIST IN THE ORGANIZATION'S EFFORTS TO CREATE AND SUSTAIN AFFORDABLE HOUSING. | $235,126 |
San Francisco, CA PURPOSE: TO ASSIST IN THE ORGANIZATION'S EFFORTS TO CREATE AND SUSTAIN AFFORDABLE HOUSING. | $201,309 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shared Support South Inc Warrington, PA | $9,549,705 | $20,704,692 |
Viecare Butler Llc Cranberry Township, PA | $15,820,808 | $20,591,438 |
Valley View Haven Inc Belleville, PA | $35,512,325 | $21,268,828 |
Cinnaire Corporation Cinnaire Lansing, MI | $74,619,323 | $21,850,720 |
Pathways To Housing Pa Philadelphia, PA | $7,362,789 | $17,371,070 |
Bethany Housing Ministries Inc Muskegon, MI | $4,087,536 | $16,635,219 |
Habitat For Humanity International Inc Cincinnati, OH | $19,861,311 | $21,403,808 |
Buckeye Community Hope Foundation Columbus, OH | $50,429,521 | $11,276,532 |
Caracole Inc Cincinnati, OH | $7,131,053 | $11,567,326 |
Taylor Community Development Corp Taylor, MI | $29,334,174 | $14,242,807 |
Community Action Agency Of Delaware County Inc Boothwyn, PA | $15,976,339 | $8,682,122 |
Habitat For Humanity International Inc Indianapolis, IN | $27,221,776 | $14,208,425 |