Nho Management Inc
- Assets
- $6.3m
- Revenue
- $909.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Memphis, TN
- Founding
- 08/1999
- Data as of
- 03/2022
- EIN
- 62-1746226
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.
Form
990
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) | Role | Hours | Compensation |
|---|---|---|---|
Howard Eddings Jr CEO | Officer | 5 | $25,000 |
John Fisher Secretary/treasurer | OfficerTrustee | 1 | $0 |
Terrence Brown Chairman | OfficerTrustee | 1 | $0 |
Reginald Lester Trustee | Trustee | 1 | $0 |
Gerrie Currie Trustee | Trustee | 1 | $0 |
Abbay Milnor Trustee | Trustee | 1 | $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 |
| 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. | $25,000 |
| Compensation of current officers, directors, key employees. | $25,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $135,726 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,030 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $573 |
| Fees for services: Accounting | $23,722 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $64,612 |
| Advertising and promotion | $0 |
| Office expenses | $25,673 |
| Information technology | $236 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $66 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,301 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $239,548 |
| Insurance | $83,342 |
| All other expenses | $0 |
| Total functional expenses | $1,250,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $694,374 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $524,170 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $4,721,536 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $357,146 |
| Total assets | $6,297,226 |
| Accounts payable and accrued expenses | $44,311 |
| 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 | $398,271 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $542,223 |
| Total liabilities | $984,805 |
| Net assets without donor restrictions | $5,312,421 |
| 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 | $6,297,226 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Nho Management Inc has recieved totaling $44,000.
| Awarding Organization | Amount |
|---|---|
Community Lift Corp Memphis, TN PURPOSE: Capacity Building | $12,000 |
Community Lift Corp Memphis, TN PURPOSE: Capacity Building | $12,000 |
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN PURPOSE: PROGRAM SUPPORT | $10,000 |
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN PURPOSE: PROGRAM SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Federation Of Applachian Housing Inc Berea, KY | $96,510,437 | $12,528,691 |
Fv Services Inc St Louis, MO | $7,345,629 | $6,995,820 |
Virginia Mennonite Retirement Community Harrisonburg, VA | $42,827,951 | $8,073,755 |
North Carolina Housing Services And Management Corporation Winstonsalem, NC | $840,720 | $4,697,596 |
Mosaic Development Group Inc Charlotte, NC | $17,779,352 | $3,061,867 |
Nho Management Inc Memphis, TN | $6,297,226 | $909,535 |
Virginia Apartment Management Association Richmond, VA | $2,254,574 | $1,543,902 |
Housing Resource Center Inc Atlanta, GA | $871,531 | $545,075 |
Loving Hearts & Caring Hands Inc Madisonville, TN | $1,718 | $0 |
Saint Louis City Continuum Of Care Saint Louis, MO | $151,351 | $211,491 |
Melkie Jones Homeownership Inc Murfreesboro, TN | $3,680 | $0 |
Inspire Your Daughters Atlanta, GA | $0 | $0 |