National Foundation For Affordable Housing Solutions Inc
- Assets
- $310.5m
- Revenue
- $72.3m
- Investments
- $0.0
- Employees
- 24
- Location
- North Bethesda, MD
- Founding
- 01/1995
- Data as of
- 12/2022
- EIN
- 52-1665967
Organization Overview
National Foundation For Affordable Housing Solutions Inc is located in North Bethesda, MD. The organization was established in 1995. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, National Foundation For Affordable Housing Solutions Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Foundation For Affordable Housing Solutions 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 12/2022, National Foundation For Affordable Housing Solutions Inc generated $72.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $13.7m during the year ending 12/2022. While expenses have increased by 6.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, National Foundation For Affordable Housing Solutions Inc has awarded 191 individual grants totaling $2,955,481. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS DEDICATED TO PRESERVING THE NATION'S EXISTING ASSISTED RENTAL HOUSING STOCK AND IS COMMITTED TO PROVIDING THE UNDERSERVED POPULATION WITH SOLUTIONS AND BETTER ACCESS TO DECENT, SAFE AND WELL-MANAGED AFFORDABLE HOUSING AND COMMUNITY PROGRAMS AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EO RESEARCHES VARIOUS APPROACHES TO PRESERVE OUR NATION'S SUPPLY OF ADEQUATE AFFORDABLE HOUSING. IT SPEAKS AND DEALS WITH INDUSTRY LEADERS, CREATES FINANCIAL MODELS AND PREPARES VARIOUS POSITION REMARKS. IT ALSO FACILITATES NON-PROFIT OWNERSHIP OF AFFORDABLE HOUSING. IN ADDITION, IT CREATES 509(A)(3) ORGANIZATIONS THAT ACQUIRE AFFORDABLE LOW-INCOME HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory O'dell Director | Trustee | 1 | $31,500 |
Bernard Beal Director | Trustee | 1 | $31,500 |
Mark Weller Director | Trustee | 1 | $28,000 |
Jason Goldblatt CEO And Chairman | Trustee | 40 | $443,425 |
Jon Shiffman Director | Trustee | 1 | $28,000 |
Benjamin M Soto Director | Trustee | 1 | $31,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Studio 343 Ltd Architectural Services | 12/30/22 | $1,253,812 |
Federal Realty Investment Trust Office Space Lease | 12/30/22 | $558,839 |
The Brattle Group Inc Valuation Analysis And Transactional Rev | 12/30/22 | $410,071 |
United Healthcare Employee Health Insurance | 12/30/22 | $408,672 |
Caldwell Heckles & Egan Inc Construction Management Services | 12/30/22 | $360,302 |
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 | $72,340,809 |
| Investment income | $0 |
| 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 | $72,340,809 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $244,131 |
| 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 | $4,158,626 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,254,129 |
| Payroll taxes | $286,325 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $577,024 |
| Fees for services: Accounting | $205,959 |
| 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 | $472,694 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $599,345 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $74,861 |
| Interest | $3,682,668 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $135,570 |
| Insurance | $126,124 |
| All other expenses | $0 |
| Total functional expenses | $13,659,753 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,913,925 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,188,178 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $28,071,182 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $558,830 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $144,722,418 |
| Intangible assets | $0 |
| Other assets | $10,019,519 |
| Total assets | $310,474,052 |
| Accounts payable and accrued expenses | $2,610,146 |
| Grants payable | $0 |
| Deferred revenue | $415,185 |
| 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 | $66,517,947 |
| Other liabilities | $0 |
| Total liabilities | $69,543,278 |
| Net assets without donor restrictions | $240,930,774 |
| 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 | $310,474,052 |
Grants Awarded
Over the last fiscal year, National Foundation For Affordable Housing Solutions Inc has awarded $216,381 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
COLLEGE TRACK PURPOSE: EDUCATION | $5,000 |
CHILDRENS NATIONAL MEDICAL CENTER PURPOSE: HEALTHCARE | $5,000 |
FOUNDATION FOR DEMOCRATIC DEVELOPMENT PURPOSE: TO ENCOURAGE AND NURTURE DEMOCRATIC TENETS IN EURASIA. | $10,000 |
WOFFORD COLLEGE PURPOSE: EDUCATION | $5,000 |
FRIENDS OF THE ISRAEL DEFENSE FORCES PURPOSE: WE TRANSFORM THE LIVES OF THE YOUNG MEN AND WOMEN OF THE IDF THROUGH EMPOWERING EDUCATIONAL, FINANCIAL, WELL-BEING, AND CULTURAL INITIATIVES. | $5,000 |
DUKE UNIVERSITY PURPOSE: EDUCATION | $10,000 |