Navigate Affordable Housing Partners Inc
- Assets
- $81.8m
- Revenue
- $834.3m
- Investments
- $52.3m
- Employees
- 65
- Location
- Birmingham, AL
- Founding
- 02/1990
- Data as of
- 12/2023
- EIN
- 63-0985617
Organization Overview
Navigate Affordable Housing Partners Inc is located in Birmingham, AL. The organization was established in 1990. 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 12/2023, Navigate Affordable Housing Partners Inc employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Navigate Affordable Housing Partners 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 12/2023, Navigate Affordable Housing Partners Inc generated $834.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $824.2m during the year ending 12/2023. While expenses have increased by 4.5% per year over the past 9 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, Navigate Affordable Housing Partners Inc has awarded 155 individual grants totaling $33,722,016. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND ENHANCE SAFE, DECENT, SANITARY, AND AFFORDABLE HOUSING BY PROVIDING COURTEOUS, PROFESSIONAL, AND ACCURATE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOW INCOME, MULTIFAMILY UNITS EITHER OCCUPIED OR UNDER CONSTRUCTION AND VARIOUS OTHER ANCILLARY FACILITIES SUCH AS LAUNDROMAT, RECREATION BUILDING, ETC. ALSO PROVIDE MANAGEMENT SERVICES FOR HUD IN FOUR STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Spencer Ragland Chairman | Trustee | 1 | $0 |
Hugo Isom Member | Trustee | 1 | $0 |
Lenus M Perkins Member | Trustee | 1 | $0 |
Teresa Shufflebarger Member | Trustee | 1 | $0 |
Perry Shuttlesworth Member | Trustee | 1 | $0 |
Lisa M Mccarroll Chief Executive Officer | Officer | 40 | $308,537 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Locke General Contractors Construction | 12/30/23 | $1,055,172 |
Burr & Forman Llp Legal | 12/30/23 | $933,125 |
Principal Life Retirement Services | 12/30/23 | $813,667 |
Blue Cross Blue Shield Health Insurance | 12/30/23 | $663,196 |
Clear Winds Technologies It & Technology Services | 12/30/23 | $464,399 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $804,554,956 |
| 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 | $804,554,956 |
| Total Program Service Revenue | $26,827,973 |
| Investment income | $2,571,650 |
| 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 | $834,291,941 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,149,919 |
| Grants and other assistance to domestic individuals. | $804,554,956 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $784,826 |
| Compensation of current officers, directors, key employees. | $196,206 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,088,083 |
| Pension plan accruals and contributions | $618,572 |
| Other employee benefits | $1,054,241 |
| Payroll taxes | $0 |
| Fees for services: Management | $80,961 |
| Fees for services: Legal | $1,103,680 |
| Fees for services: Accounting | $82,780 |
| Fees for services: Lobbying | $240,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $54,316 |
| Office expenses | $118,059 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,291,449 |
| Travel | $375,969 |
| 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 | $648,567 |
| Insurance | $473,610 |
| All other expenses | $1,521,759 |
| Total functional expenses | $824,241,747 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,425,517 |
| Savings and temporary cash investments | $1,102,715 |
| Pledges and grants receivable | $4,635,229 |
| Accounts receivable, net | $404,994 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $276,344 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $286,191 |
| Net Land, buildings, and equipment | $18,241,195 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $52,345,985 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $51,146 |
| Total assets | $81,769,316 |
| Accounts payable and accrued expenses | $788,605 |
| Grants payable | $2,287,386 |
| Deferred revenue | $4,896 |
| 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 | $38,982 |
| Total liabilities | $3,119,869 |
| Net assets without donor restrictions | $77,331,424 |
| Net assets with donor restrictions | $1,318,023 |
| 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 | $81,769,316 |
Grants Awarded
Over the last fiscal year, Navigate Affordable Housing Partners Inc has awarded $3,678,171 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
BESSEMER REDEVELOPMENT CORP PURPOSE: THE PURPOSE OF THIS GRANT IS TO SUPPORT THE BESSEMER NEIGHBORHOOD. | $100,000 |
BLUE RIDGE AREA FOOD BANK INC PURPOSE: THE PURPOSE OF THIS GRANT IS TO PROVIDE VIRGINIA GROWN FREE FRESH PRODUCE TO THOSE IN NEED. | $100,000 |
CATHOLIC SOCIAL AND COMMUNITY SERVICES PURPOSE: THE PURPOSE OF THIS GRANT IS TO PROVIDE HOUSING ASSISTANCE AND CASE MANAGEMENT ASSISTANCE. | $100,000 |
CHAMBERS CO COUNCIL FOR NEGLECTED AND DEPENDENT CHILDREN AND YOUTH INC PURPOSE: THE PURPOSE OF THIS GRANT IS TO FUND THE HIRING OF AN INDIVIDUAL FOR THE THRIVING FAMILIES PROGRAM TO HELP PROVIDE NEEDED SUPPORT TO THE HOMELESS. | $100,000 |
CHANGED LIVES CHRISTIAN CENTER INC PURPOSE: THE PURPOSE OF THIS GRANT IS TO FUND UTILITY NEEDS FOR CLCC RESIDENTS. | $46,300 |
COLLAT JEWISH FAMILY SERVICES PURPOSE: THE PURPOSE OF THIS GRANT IS TO FUND THE OLDER ADULT FOOD STABILITY PROGRAM. | $96,600 |