National Housing Trust is located in Washington, DC. The organization was established in 1986. 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 12/2022, National Housing Trust employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Housing Trust 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 12/2022, National Housing Trust generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.0%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.1%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENERGY EFFICIENCY: THE NATIONAL HOUSING TRUST IS COMMITTED TO PROMOTING ENERGY EFFICIENCY AND SUSTAINABILITY FOR LOW-INCOME RESIDENTS ACROSS THE COUNTRY. NHT'S UNIQUE APPROACH TO ENERGY EFFICIENCY INCLUDES POLICY ADVOCACY, GREEN LENDING, RENEWABLE ENERGY, AND SUSTAINABLE DEVELOPMENT. IN COMBINATION, THESE STRATEGIES RESULT IN HEALTHIER PLACES FOR LOW-INCOME RESIDENTS TO LIVE, REDUCE OPERATIONAL COSTS, AND RESULT IN RESIDENT SAVINGS AND A CLEANER ENVIRONMENT.
FEDERAL & STATE POLICY WORK: THE NATIONAL HOUSING TRUST ADVANCES FEDERAL, STATE, AND LOCAL POLICIES THAT CREATE EQUITABLE AND SUSTAINABLE COMMUNITIES BY SAFEGUARDING OUR NATION'S AFFORDABLE HOMES. WE WORK WITH OUR PARTNERS TO PRESERVE AND IMPROVE AFFORDABLE MULTIFAMILY RENTAL HOUSING BY: PROVIDING RESEARCH AND ANALYSIS ON OUR NATION'S AT-RISK AFFORDABLE HOMES; SHAPING LEGISLATION AND POLICY IMPLEMENTATION TO PROTECT EXISTING HOUSING RESOURCES; DOCUMENTING SUCCESSFUL, COST EFFECTIVE AND REPLICABLE AFFORDABLE HOUSING PRESERVATION STATE AND LOCAL POLICY SOLUTIONS; EXPANDING AND IMPROVING UTILITY ENERGY EFFICIENCY PROGRAMS TO DRIVE LARGE-SCALE EFFICIENCY INVESTMENTS IN AFFORDABLE MULTIFAMILY BUILDINGS; LEADING A COALITION OF AFFORDABLE HOUSING PRESERVATION ADVOCATES AND PRACTITIONERS KNOWN AS THE PRESERVATION WORKING GROUP; PROVIDING RESEARCH AND ANALYSIS ON OUR NATION'S AT-RISK AFFORDABLE HOMES; AND JOINTLY LEADING A POWERFUL COLLABORATION TO INTRODUCE PRIVATE AND PUBLIC ENERGY EFFICIENCY INVESTMENT INTO AFFORDABLE HOUSING.
ACCESS TO OPPORTUNITY: THE NATIONAL HOUSING TRUST BELIEVES IN A BALANCED APPROACH TO FAIR HOUSING, WHICH PROMOTES ACCESS TO HIGH OPPORTUNITY COMMUNITIES THROUGH MOBILITY, WHILE ENSURING THAT RESIDENTS WHO REMAIN IN NEIGHBORHOODS CURRENTLY EXPERIENCING DISTRESS AND CONCENTRATED POVERTY HAVE ACCESS TO HOUSING RESOURCES AND INVESTMENTS THAT IMPROVE THEIR HOUSING. THIS APPROACH ALLOWS FOR AFFORDABLE HOUSING DEVELOPMENT AND PRESERVATION IN A VARIETY OF AREAS, WHILE ENSURING THAT RESIDENTS HAVE THE RIGHT TO CHOOSE WHERE THEY LIVE. FOR NHT, OPPORTUNITY MEANS GIVING FAMILIES AND ELDERLY RESIDENTS A CHOICE THAT IS BEST FOR THEM. CHOICE MEANS BOTH IMPROVING THE QUALITY OF LIFE FOR RESIDENTS OF LOW-INCOME COMMUNITIES AS WELL AS SUPPORTING MOBILITY TO "HIGH OPPORTUNITY" NEIGHBORHOODS.
THE TRUST PROVIDES ASSISTANCE TO GOVERNMENT AGENCIES AND CONGRESSIONAL COMMITTEES AND STAFF IN CONNECTION WITH FEDERAL LEGISLATION AFFECTING THE EXISTING SUPPLY OF AFFORDABLE HOUSING. THE TRUST PROVIDES TECHNICAL ASSISTANCE ON A PRO BONO BASIS TO NON-PROFITS, GOVERNMENT AGENCIES, AND TENANT ASSOCIATIONS SEEKING TO PRESERVE AFFORDABLE LOW-INCOME HOUSING IN A NUMBER OF STATES. IN 8 STATES, THE TRUST ENGAGED UTILITIES, HOUSING FINANCE AGENCIES AND NONPROFIT HOUSING DEVELOPERS TO RECOMMEND THAT UTILITIES PROVIDE A FAIR SHARE OF UTILITY PROGRAM ENERGY RETROFIT FUNDING FOR AFFORDABLE HOUSING OCCUPIED BY LOW INCOME RENTERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Vince Toye Board Member | Trustee | 1 | $0 |
Adnan Bokhari Board Member | Trustee | 1 | $0 |
Chrystal Kornegay Board Member | Trustee | 1 | $0 |
Elizabeth Chant Board Member | Trustee | 1 | $0 |
Ismael Guerrero Board Member | Trustee | 1 | $0 |
James L Logue III Board Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $2,467,459 |
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 | $2,467,459 |
Total Program Service Revenue | $136,040 |
Investment income | $58,669 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $94,959 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,772,882 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $100 |
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. | $881,730 |
Compensation of current officers, directors, key employees. | $52,906 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $190,270 |
Pension plan accruals and contributions | $39,088 |
Other employee benefits | $0 |
Payroll taxes | $91,429 |
Fees for services: Management | $0 |
Fees for services: Legal | $10,300 |
Fees for services: Accounting | $179,330 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $180,939 |
Advertising and promotion | $11,969 |
Office expenses | $77,848 |
Information technology | $60,921 |
Royalties | $0 |
Occupancy | $117,316 |
Travel | $38,450 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $8,713 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $31,057 |
All other expenses | $0 |
Total functional expenses | $2,008,858 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $937,952 |
Savings and temporary cash investments | $1,362,090 |
Pledges and grants receivable | $22,500 |
Accounts receivable, net | $3,182,288 |
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 | $31,829 |
Net Land, buildings, and equipment | $11,356 |
Investments—publicly traded securities | $1,937,564 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $462,048 |
Total assets | $7,947,627 |
Accounts payable and accrued expenses | $176,455 |
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 | $0 |
Other liabilities | $1,055,796 |
Total liabilities | $1,232,251 |
Net assets without donor restrictions | $6,715,376 |
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 | $7,947,627 |