Nahma Inc
- Assets
- $1.2m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 8
- Location
- Alexandria, VA
- Founding
- 03/1985
- Data as of
- 12/2023
- EIN
- 62-1144489
Organization Overview
Nahma Inc is located in Alexandria, VA. The organization was established in 1985. According to its NTEE Classification (L03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Nahma Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nahma Inc 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 12/2023, Nahma Inc generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. 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
SEE ACCOMPANYING SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
REGULATORY AND LEGISLATIVE ACTIVITIES INCLUDING DISSEMINATION, EVALUATION, AND EXPLANATION OF SIGNIFICANT REGULATORY AND LEGISLATIVE CHANGES AND DEVELOPMENTS, INCLUDING IMPLEMENTATION GUIDANCE, TO MEMBERS; COMMITTEE AND SUBCOMITTEE DISCUSSIONS TO EVALUATE HOUSING REGULATION AND LEGISLATION AND OPPORTUNITIES FOR IMPROVEMENT; POLICY DISCUSSIONS WITH REGULATORS AND LEGISLATORS, INCLUDING ADVOCACY EFFORTS.
NAHMA NEWS AND OTHER PUBLICATIONS TO UPDATE AND INFORM MEMBERS ON REGULATORY AND LEGISLATIVE DEVELOPMENTS AND ISSUES AFFECTING THE AFFORDABLE HOUSING INDUSTRY AND PROMOTE INDUSTRY AND SOCIETAL GOALS FOR AFFORDABLE HOUSING AND AFFORDABLE HOUSING MANAGEMENT.
TWO MEMBERSHIP MEETINGS HELD AT WHICH REGULATORY, LEGISLATIVE, OPERATIONAL, AND OTHER ISSUES AFFECTING THE AFFORDABLE HOUSING INDUSTRY ARE PRESENTED AND DISCUSSED, INCLUDING PRESENTATIONS BY AND QUESTION AND ANSWER SESSIONS WITH REGULATORS AND OTHER KNOWLEDGEABLE PERSONS WITHIN THE AFFORDABLE HOUSING INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Simmons Past President | OfficerTrustee | 1 | $0 |
Larry Sisson Chair Of The Board | OfficerTrustee | 1 | $0 |
Peter Lewis Chair-Elect Of The Board | OfficerTrustee | 1 | $0 |
Sandra Cipollone Vice Chair Of The Board | OfficerTrustee | 1 | $0 |
Christina Garcia Sanchez Vice Chair Of The Board | OfficerTrustee | 1 | $0 |
Melissa Fish-Crane Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $607,176 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $618,476 |
| Total Program Service Revenue | $1,238,813 |
| Investment income | $19,198 |
| 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 | $1,876,487 |
| 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 | $828,645 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $120,097 |
| Payroll taxes | $59,807 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,704 |
| Fees for services: Accounting | $12,034 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,259 |
| Office expenses | $198,079 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $80,972 |
| Travel | $15,318 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,755 |
| Insurance | $20,326 |
| All other expenses | $45,432 |
| Total functional expenses | $1,964,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $497,305 |
| Savings and temporary cash investments | $409,174 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $144,489 |
| 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 | $48,878 |
| Net Land, buildings, and equipment | $39,415 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $75,380 |
| Total assets | $1,214,641 |
| Accounts payable and accrued expenses | $121,511 |
| Grants payable | $0 |
| Deferred revenue | $12,667 |
| 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 | $71,364 |
| Total liabilities | $205,542 |
| Net assets without donor restrictions | $1,009,099 |
| 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 | $1,214,641 |