Overview
What is Nevada Affordable Housing Assistance Corporation?
The Nevada Affordable Housing Assistance Corporation (NAHAC) is a nonprofit organization based in Las Vegas, Nevada. With a team of 15 professionals, NAHAC is dedicated to providing assistance to Nevada homeowners and other targeted individuals within the state, focusing on affordable or subsidized single or multi-family housing. They determine the specific needs of Nevada homeowners and engage with public and private partners to achieve this objective. NAHAC's efforts encompass temporary financial assistance programs, such as the UNEMPLOYMENT MORTGAGE ASSISTANCE PROGRAM (UMA) and the Mortgage Reinstatement Assistance Program (MRAP), which help eligible homeowners facing unemployment or underemployment due to the pandemic, and those facing default due to a financial hardship, respectively. These programs offer monthly forward payments, reinstatement of delinquent mortgage loans, and assistance with related costs for up to twelve months.
Official website here: www.nahac.org
What are the reviews and ratings of this charity?
85% rating from Charity Navigator indicates that Nevada Affordable Housing Assistance Corporation has a solid level of accountability and finance practices. This rating is derived solely from a strong performance in the Accountability & Finance category, reflecting that the organization has established robust financial oversight and governance mechanisms.
The organization excels in several areas, including having a fully independent board and a strong program expense ratio, which demonstrates that a significant portion of its resources is allocated directly to its mission. The absence of material asset diversion and the presence of essential policies such as conflict of interest and whistleblower protections further underscore its commitment to transparency and ethical practices.
However, the organization has room for improvement in its liabilities to assets ratio, which may indicate financial leverage concerns. Overall, while the charity is doing well in maintaining accountability and managing finances, it could strengthen its financial stability for long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Nevada Affordable Housing Assistance Corporation legitimate?
Nevada Affordable Housing Assistance Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nevada Affordable Housing Assistance Corporation 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: $149,974
Professional Fundraising Fees: $0
Other Salaries and Wages: $821,431
For more financial information, click here
Official website here: www.nahac.org
What is the mission statement of Nevada Affordable Housing Assistance Corporation?
The Nevada Affordable Housing Assistance Corporation (NAHAC) is dedicated to helping Nevada homeowners and targeted groups of individuals by providing funds, subsidies, and benefits for affordable or subsidized housing. NAHAC's primary objective is to identify the unique needs of Nevada homeowners and communities, and collaborate with public and private partners to achieve this goal. With a team of qualified and trained professionals, NAHAC aims to provide this service efficiently and effectively, prioritizing the needs of eligible homeowners. NAHAC's mission is to make a difference in people's lives by ensuring access to affordable housing, thereby contributing to stronger communities and improved living conditions.
Official website here: www.nahac.org
Who is the CEO of Nevada Affordable Housing Assistance Corporation?
Verise Campbell is the Ceo/Coo of Nevada Affordable Housing Assistance Corporation. The CEO's salary of Nevada Affordable Housing Assistance Corporation is $133,770 and their total compensation is $144,678.
Official website here: www.nahac.org
What is the revenue of Nevada Affordable Housing Assistance Corporation?
Nevada Affordable Housing Assistance Corporation's revenue in 2023 was $28,051,600.
Official website here: www.nahac.org
Who are the executives of Nevada Affordable Housing Assistance Corporation and what are their salaries?
The average compensation at Nevada Affordable Housing Assistance Corporation during 2023 was $64,760. There are 15 employees and 5 volunteers at Nevada Affordable Housing Assistance Corporation.
Here are 6 key members and their salaries (Nevada Affordable Housing Assistance Corporation's CEO's salary is $133,770 and their total compensation is $144,678):
- Compensation: $133,770
- Related: $0
- Other: $10,908
- Compensation: $860
- 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.nahac.org
Where can I find the form 990 for Nevada Affordable Housing Assistance Corporation?
Nevada Affordable Housing Assistance Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nahac.org
Learn more at the official website: www.nahac.org
Mission Statement of Nevada Affordable Housing Assistance Corporation
Nevada Affordable Housing Assistance Corporation (NAHAC) is a dedicated organization with a mission to assist Nevada homeowners and targeted groups of individuals within the state in obtaining affordable or subsidized single or multi-family housing. NAHAC's team of qualified and trained professionals is committed to identifying the specific needs of Nevada homeowners and the respective communities, and actively seeks partnerships with public and private entities to achieve this objective.
At the heart of NAHAC's mission is the provision of funds, subsidies, and benefits to eligible Nevada homeowners. The organization is steadfast in its determination to make the needs of these homeowners a top priority, working efficiently and effectively to ensure their access to affordable housing solutions. NAHAC's approach goes beyond just housing, as it recognizes the importance of addressing the unique requirements of both individuals and communities. By consistently engaging with its partners, the organization is able to adapt and respond to the evolving needs of Nevada homeowners, ultimately striving to make a meaningful impact on their lives.
NAHAC's mission is shaped by its unwavering commitment to delivering services in an efficient and effective manner. The organization's team of professionals is well-equipped to identify and address the varied needs of Nevada homeowners, supported by a strong network of public and private partnerships. As a result, NAHAC is able to offer a range of solutions tailored to the specific circumstances of each homeowner, ensuring they have the best possible opportunity to secure affordable housing and build a stable foundation for their future.
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Impact
October, 2024
The Nevada Affordable Housing Assistance Corporation significantly impacts homeowners throughout Nevada by providing essential financial support designed to address housing affordability challenges. Their initiatives focus on assisting individuals who face financial hardships, particularly those affected by unemployment or underemployment as a result of the pandemic.
One of their key programs, the Unemployment Mortgage Assistance Program (UMA), offers up to $3,000 per month in financial aid to help eligible homeowners maintain their mortgage payments and stay in their homes. This program targets those who have lost income due to involuntary job loss beginning on or after January 21, 2020, and it can provide support for up to twelve months. The assistance encompasses not only mortgage payments but also related costs such as taxes, homeowners association fees, and insurance.
Additionally, the Mortgage Reinstatement Assistance Program (MRAP) caters to homeowners in default who have experienced financial hardship but are now in a position to sustain their monthly payments. This program helps reinstate their loans, alleviating the stress of potential foreclosure and allowing families to stabilize their housing situations.
By proactively identifying community-specific needs and fostering partnerships with public and private entities, the organization plays a critical role in ensuring that Nevada homeowners receive timely support and access to affordable housing solutions. Their qualified team prioritizes the assistance to eligible individuals, directly impacting the stability of families and communities across the state.
This information is meant to be a general summary of Nevada Affordable Housing Assistance Corporation. 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: $21,134
- Program Service Revenue: $1,135,261
- Gross Receipts: $28,051,600
Assets and Liabilities:
- Total Assets: $11,335,049
- Total Liabilities: $7,282,511
- Net Assets: $4,052,538
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$1,135,261
Organization Details
Founding Year
2003
Phone
(702) 675-6638Principal Officer
Verise Campbell
Main Address
3016 W CHARLESTON BLVD 160, LAS VEGAS, NV, 89102
Website
www.nahac.orgNTEE Category
Code: L20 - Housing
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