Overview
What is National Community Stabilization Trust Llc?
The National Community Stabilization Trust (NCST) LLC, established in 2008 in response to the foreclosure crisis, is a Washington, D.C.-based nonprofit organization. Its primary mission is to strengthen communities by facilitating the redevelopment and reuse of vacant, single-family homes, thereby preventing neighborhood blight and increasing the supply of high-quality properties for affordable homeownership or responsible rental. Over its 15-year operation, NCST has collaborated with over 1,000 local partners to revitalize 28,000 homes, contributing significantly to community stabilization across the United States. Additionally, NCST has developed a robust research and policy development operation, leveraging its extensive proprietary dataset on acquisition and rehab to propose realistic policy objectives. With a staff of 17 individuals, NCST plays a vital role in community development.
Official website here: www.stabilizationtrust.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93%, Four-Star out of Four Star rating. This high score indicates that the National Community Stabilization Trust Llc demonstrates strong accountability and financial health, earning particular praise for its well-structured governance and transparency.
The organization boasts an impressive 87% of independent board members and a fully independent board size, which contributes to its effective oversight. It has achieved full marks in several areas, including its conflict of interest policy and absence of material diversion of assets, indicating a strong commitment to ethical practices and financial integrity.
However, while the program expense ratio is commendable at 68.59%, there may be room for improvement in the working capital ratio, which stands at 0.47 years. This suggests that the organization might face challenges in funding its operations over the long term. Overall, the National Community Stabilization Trust Llc is a financially responsible nonprofit, but monitoring its liquidity will be essential for continued success.
This AI summary has been generated from information found on Charity Navigator.
Is National Community Stabilization Trust Llc legitimate?
National Community Stabilization Trust Llc is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Community Stabilization Trust Llc 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: $480,911
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,075,051
For more financial information, click here
Official website here: www.stabilizationtrust.com
What is the mission statement of National Community Stabilization Trust Llc?
The National Community Stabilization Trust (NCST) aims to improve communities by revitalizing vacant single-family homes. This initiative has a dual purpose: preventing neighborhood decay and increasing the availability of high-quality, affordable housing or rental properties. Established in response to the 2008 foreclosure crisis, NCST serves as a bridge between lenders with REO inventory and community organizations, promoting neighborhood stabilization activities across the United States. Over its first 15 years, NCST collaborated with over 1,000 local partners to bring 28,000 single-family homes back into use as affordable homes or responsible rentals. In addition, NCST has developed a strong research and policy development operation, recruiting senior policy experts to its team, translating its real estate experience into meaningful and realistic policy objectives.
Official website here: www.stabilizationtrust.com
Who is the CEO of National Community Stabilization Trust Llc?
Carlos Alcazar is the Coo of National Community Stabilization Trust Llc.
Official website here: www.stabilizationtrust.com
What is the revenue of National Community Stabilization Trust Llc?
National Community Stabilization Trust Llc's revenue in 2022 was $1,462,098.
Official website here: www.stabilizationtrust.com
Who are the executives of National Community Stabilization Trust Llc and what are their salaries?
The average compensation at National Community Stabilization Trust Llc during 2022 was $91,527. There are 17 employees and 7 volunteers at National Community Stabilization Trust Llc.
Here are 13 key members and their salaries:
- Compensation: $208,594
- Related: $0
- Other: $34,971
- Compensation: $180,858
- Related: $0
- Other: $37,957
- Compensation: $150,085
- Related: $0
- Other: $32,124
- Compensation: $138,026
- Related: $0
- Other: $13,300
- Compensation: $122,018
- Related: $0
- Other: $12,689
- Compensation: $82,048
- Related: $0
- Other: $3,972
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.stabilizationtrust.com
Where can I find the form 990 for National Community Stabilization Trust Llc?
National Community Stabilization Trust Llc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stabilizationtrust.com
Learn more at the official website: www.stabilizationtrust.com
Mission Statement of National Community Stabilization Trust Llc
The National Community Stabilization Trust (NCST) is an organization with a mission to strengthen communities by facilitating the redevelopment and reuse of vacant single-family homes. This work has a dual purpose: it prevents neighborhood blight while increasing the supply of high-quality properties available for affordable homeownership or responsible rental. Established in response to the foreclosure crisis of 2008, NCST has played a significant role in neighborhood stabilization activities across the United States. By bridging the gap between lenders with REO inventory and community organizations seeking to rehabilitate these properties for productive use, NCST's REOMatch program has enabled numerous local partnerships. Over its first 15 years of operation, NCST has worked with over 1,000 local partners to put over 28,000 single-family homes back into use as affordable housing or responsible rental properties. More recently, NCST has expanded its scope to include a highly effective research and policy development operation, recruiting senior policy experts to its team. This team translates NCST's real estate experience, supported by a large proprietary dataset on acquisition and rehab, into meaningful and realistic policy objectives.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The National Community Stabilization Trust (NCST) has made significant strides in revitalizing communities by facilitating the redevelopment of vacant, single-family homes. Established in the aftermath of the foreclosure crisis that saw nearly 10 million homes lost, NCST focuses on converting these properties into affordable homeownership opportunities or responsible rental housing. This initiative not only combats neighborhood blight but also enhances the availability of quality housing in underserved areas.
Over its first 15 years, NCST collaborated with over 1,000 local partners to rehabilitate 28,000 homes, effectively channeling resources towards community development and stabilization efforts. The organization has built a robust bridge between lenders with real estate-owned (REO) inventory and community organizations ready to rehabilitate these properties for productive use. This model has fostered neighborhood stability in various markets across the United States.
In addition to its direct impact on housing, NCST has leveraged its extensive experience and proprietary data on real estate to influence meaningful policy changes. With a team of senior policy experts, NCST is equipped to translate its insights into actionable strategies that further support community development objectives. Through these efforts, NCST is not just addressing immediate housing needs but also laying the groundwork for sustainable community revitalization.
This information is meant to be a general summary of National Community Stabilization Trust Llc. 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 2022.
- Investment Income: $20,250
- Program Service Revenue: $462,698
- Gross Receipts: $1,462,098
Assets and Liabilities:
- Total Assets: $2,622,260
- Total Liabilities: $656,031
- Net Assets: $1,966,229
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN ORIGINATION AND O
Revenue
$230,073
REAL ESTATE SERVICE FE
Revenue
$229,500
MANAGEMENT FEES
Revenue
$3,125
Organization Details
Founding Year
2008
Phone
(202) 223-3237Principal Officer
Carlos Alcazar
Main Address
910 17TH STREET NW 810, WASHINGTON, DC, 20006
Website
www.stabilizationtrust.comNTEE Category
Code: L25 - Housing
If you are a representative of National Community Stabilization Trust Llc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.