Nho Management Inc

Organization Overview

Nho Management Inc is located in Memphis, TN. The organization was established in 1999. According to its NTEE Classification (L02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Housing & Shelter and related organizations. As of 03/2022, Nho Management Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nho Management 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 03/2022, Nho Management Inc generated $909.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $1.3m during the year ending 03/2022. While expenses have increased by 7.9% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO EMPOWER WORKING, POOR FAMILIES THROUGH THE PROVISION OF PROVIDING DECENT, SAFE, AND QUALITY SINGLE AND MULTI-FAMILY RENTAL HOUSING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WE ARE A COMMUNITY HOUSING DEVELOPMENT ORGANIZATION PROVIDING AFFORDABLE HOUSING TO INDIVIDUALS AND FAMILIES WHO ARE DEFINED BY HUD AS VERY LOW-INCOME TO MODERATE INCOME.


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Board, Officers & Key Employees

Name (title)Compensation
Howard Eddings Jr
CEO
$25,000
John Fisher
Secretary/treasurer
$0
Terrence Brown
Chairman
$0
Reginald Lester
Trustee
$0
Gerrie Currie
Trustee
$0
Abbay Milnor
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $94,800
All other contributions, gifts, grants, and similar amounts not included above$15,057
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$109,857
Total Program Service Revenue$799,678
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 $909,535

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Nho Management Inc has recieved totaling $44,000.

Awarding OrganizationAmount
Community Lift Corp

Memphis, TN

PURPOSE: Capacity Building

$12,000
Community Lift Corp

Memphis, TN

PURPOSE: Capacity Building

$12,000
$10,000
$10,000
View Grant Recipient Profile

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