Overview
What is Neighborhood Assistance Corporation Of America?
The Neighborhood Assistance Corporation of America (NACA) is a Boston, Massachusetts-based nonprofit organization dedicated to stabilizing communities by promoting affordable homeownership and advocating for economic justice. NACA primarily focuses on helping low and moderate-income individuals and those purchasing homes in low and moderate-income areas. They achieve this through education, mortgage assistance, mortgage origination, and access to affordable mortgages. Additionally, NACA assists homeowners with unaffordable mortgages and advocates for neighborhood stabilization and fair lending practices. Their services extend to all residents in the communities where NACA has a presence. NACA members can access their mortgage products and receive extensive post-purchase assistance to prevent foreclosure. The organization has a national office in Boston and local offices throughout the United States. With a workforce of 544 employees, NACA is committed to making homeownership accessible and providing support for affordable housing and community advocacy.
Official website here: www.naca.com
Is Neighborhood Assistance Corporation Of America legitimate?
Neighborhood Assistance Corporation Of America is a legitimate nonprofit organization registered as a 501(c)(4) entity. Neighborhood Assistance Corporation Of America submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $252,392
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,809,867
For more financial information, click here
Official website here: www.naca.com
What is the mission statement of Neighborhood Assistance Corporation Of America?
The Neighborhood Assistance Corporation of America (NACA) is dedicated to stabilizing communities through affordable home ownership and community advocacy. By providing unique home ownership opportunities for primarily low and moderate income individuals and communities, NACA aims to promote stability. This is achieved through education, mortgage assistance, mortgage origination, and affordable mortgage access. NACA not only offers mortgage products to participants but also provides extensive post-purchase assistance to prevent foreclosures. NACA's advocacy efforts address neighborhood stabilization initiatives and oppose predatory and discriminatory lending practices. Additionally, NACA tackles issues of economic justice and financial exploitation affecting primarily low and moderate income individuals and communities. Individuals can join NACA and access these services, with NACA serving residents in various communities throughout the United States.
Official website here: www.naca.com
What is the revenue of Neighborhood Assistance Corporation Of America?
Neighborhood Assistance Corporation Of America's revenue in 2023 was $38,882,089.
Official website here: www.naca.com
Who are the executives of Neighborhood Assistance Corporation Of America and what are their salaries?
The average compensation at Neighborhood Assistance Corporation Of America during 2023 was $29,553. There are 442 employees and 6 volunteers at Neighborhood Assistance Corporation Of America.
Here are 12 key members and their salaries:
- Compensation: $239,809
- Related: $0
- Other: $26,972
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $118,083
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $147,658
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $180,960
- Related: $0
- Other: $22,227
- Compensation: $176,713
- Related: $0
- Other: $19,217
- Compensation: $167,804
- Related: $0
- Other: $20,857
- Compensation: $166,598
- Related: $0
- Other: $23,785
Official website here: www.naca.com
Where can I find the form 990 for Neighborhood Assistance Corporation Of America?
Neighborhood Assistance Corporation Of America's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.naca.com
Learn more at the official website: www.naca.com
Mission Statement of Neighborhood Assistance Corporation Of America
Neighborhood Assistance Corporation of America, or NACA, is a mission-driven organization dedicated to stabilizing communities by facilitating affordable homeownership and advocating for the rights of primarily low and moderate-income individuals and communities. NACA's primary objective is to provide unprecedented homeownership opportunities through education, mortgage assistance, and mortgage origination, in combination with access to affordable mortgages.
The organization's work extends beyond homeownership, as it also assists homeowners with unaffordable mortgages and advocates for neighborhood stabilization initiatives. NACA's advocacy efforts are focused on opposing predatory and discriminatory lending practices and addressing other economic justice and financial exploitation issues that primarily affect low and moderate-income individuals and communities. NACA's services are accessible to all residents in the areas where NACA has a presence or provides services.
NACA's members can access the mortgage product offered by NACA and receive additional post-purchase assistance to prevent foreclosure on their homes. NACA's advocacy goes beyond homeownership and encompasses a broader mission to ensure economic justice and fairness for all. The organization's national office is based in Boston, Massachusetts, with local offices serving individuals and communities throughout the United States.
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Impact
October, 2024
The Neighborhood Assistance Corporation of America (NACA) plays a crucial role in stabilizing communities by promoting affordable homeownership and engaging in community advocacy. It primarily serves low and moderate-income individuals, offering them unprecedented opportunities to achieve homeownership. Through a combination of education, mortgage assistance, and access to affordable mortgages, NACA empowers participants to realize their dream of owning a home.
In addition to facilitating home purchases, NACA provides support to homeowners facing unaffordable mortgages, helping them avoid foreclosure and maintain their homes. This comprehensive approach not only assists individuals but also strengthens entire neighborhoods by promoting stability and economic growth.
NACA actively advocates against predatory and discriminatory lending practices, addressing broader issues of economic justice and financial exploitation that affect vulnerable populations. By holding financial institutions accountable and pushing for equitable lending standards, NACA contributes to a more just housing market.
With extensive post-purchase assistance and a commitment to community engagement, NACA fosters an inclusive environment where members can access a range of services. Its national presence, originating from its headquarters in Boston, Massachusetts, ensures that its impact is felt across various communities throughout the United States. Through its efforts, NACA significantly enhances the quality of life for individuals and families, driving forward the mission of community revitalization and economic empowerment.
This information is meant to be a general summary of Neighborhood Assistance Corporation Of America. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $4,492,621
- Program Service Revenue: $34,613,078
- Gross Receipts: $54,761,851
Assets and Liabilities:
- Total Assets: $273,299,934
- Total Liabilities: $63,623,748
- Net Assets: $209,676,186
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MORTGAGE PERFORMANCE FEES
Revenue
$21,363,580
BROKERAGE REVENUE
Revenue
$11,032,719
OTHER INCOME
Revenue
$1,001,629
MEMBER FEES
Revenue
$834,731
REHAB INCOME
Revenue
$296,369
Organization Details
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