Overview
What is National Housing Trust Community Development Fund?
National Housing Trust Community Development Fund is a nonprofit organization headquartered in Washington, D.C., specifically at 1101 30th Street NW 100A. Their primary objective is to promote and ensure the availability of affordable housing for low-income individuals. They achieve this by making loans or investments to non-profits and other organizations that share the same mission. These funds are utilized to preserve and maintain existing low-income housing projects in targeted urban and rural areas, thereby providing decent, safe, and affordable living spaces for low-income families for the long term. This nonprofit plays a significant role in community development by fostering sustainable housing solutions.
Official website here: www.nhtinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
The National Housing Trust Community Development Fund has achieved an 85% rating from Charity Navigator, reflecting strong accountability and finance measures. This score is based solely on the Accountability & Finance beacon, which indicates a solid management of resources and transparency in operations. The organization boasts a fully independent board, with 90% of its members being independent, and it has a robust framework for governance, including a well-documented conflict of interest policy and procedures for whistleblowing.
Strengths highlighted include the organization’s impressive program expense ratio of 89.63%, indicating that a significant portion of its financial resources is directed towards its mission. The financial oversight mechanisms are also commendable, as evidenced by the full score in audit and oversight committee practices and no reported material diversion of assets. These factors contribute to a positive assessment of the charity's financial health and operational integrity.
However, the organization has a liabilities to assets ratio of 65.03%, which may signal some financial risk. This ratio could be a potential area of concern, suggesting that while the organization is effectively using its funds, it may be carrying a notable amount of liabilities compared to its assets. Overall, the National Housing Trust Community Development Fund demonstrates a commitment to accountability and effective program funding, though stakeholders should remain aware of its financial leverage.
This AI summary has been generated from information found on Charity Navigator.
Is National Housing Trust Community Development Fund legitimate?
National Housing Trust Community Development Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Housing Trust Community Development Fund 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.nhtinc.org
What is the mission statement of National Housing Trust Community Development Fund?
The National Housing Trust Community Development Fund's mission is centered around promoting community development and ensuring affordable housing for low-income individuals and families. This is achieved through the provision of loans or investments to preserve and maintain existing low-income housing projects, primarily in urban and rural areas. The goal is to provide decent, safe, and affordable housing for these communities on a long-term basis, ensuring their continued use for low-income residents. The fund makes loans to non-profit organizations and other entities whose primary objective is to foster the development and accessibility of affordable housing for low-income populations.
Official website here: www.nhtinc.org
What is the revenue of National Housing Trust Community Development Fund?
National Housing Trust Community Development Fund's revenue in 2023 was $9,172,631.
Official website here: www.nhtinc.org
Who are the executives of National Housing Trust Community Development Fund and what are their salaries?
There 11 volunteers at National Housing Trust Community Development Fund.
Here are 17 key members and their salaries:
- Compensation: $352,336
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- Other: $22,189
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- Compensation: $207,526
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- Other: $36,447
- Compensation: $54,624
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- Other: $4,571
- Compensation: $123,071
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- Other: $29,533
- Compensation: $79,264
- Related: $0
- Other: $18,636
- Compensation: $200,000
- Related: $0
- Other: $0
Official website here: www.nhtinc.org
Where can I find the form 990 for National Housing Trust Community Development Fund?
National Housing Trust Community Development Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nhtinc.org
Learn more at the official website: www.nhtinc.org
Mission Statement of National Housing Trust Community Development Fund
The National Housing Trust Community Development Fund is dedicated to promoting community development and providing affordable housing for low-income individuals and families. Their mission is achieved through the provision of loans or investments to preserve and maintain existing low-income housing projects in targeted urban and rural areas. The main objective is to ensure that these projects remain habitable for long-term, low-income use. By extending financial support to non-profits and other organizations with a mission to promote the development and availability of affordable housing, the National Housing Trust Community Development Fund aims to contribute to a decent, safe, and affordable living environment for vulnerable communities.
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Impact
October, 2024
The National Housing Trust Community Development Fund plays a crucial role in promoting community development and ensuring the availability of affordable housing for low-income individuals and families. By providing loans and investments, it actively supports the preservation and maintenance of existing low-income housing projects.
Focused on targeted urban and rural areas, the fund empowers nonprofits and organizations dedicated to developing affordable housing solutions. Through these financial resources, it fosters the creation of decent, safe, and habitable living conditions, significantly improving the quality of life for low-income residents. Its impact is evident in the sustainability of housing projects, helping to maintain accessibility for those who need it most while contributing to stronger, more resilient communities.
This information is meant to be a general summary of National Housing Trust Community Development Fund. 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: $129,935
- Program Service Revenue: $3,085,633
- Gross Receipts: $9,323,059
Assets and Liabilities:
- Total Assets: $62,900,915
- Total Liabilities: $40,908,508
- Net Assets: $21,992,407
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INTEREST
Revenue
$2,616,064
OTHER LOAN FEES
Revenue
$280,514
LOAN ORGINATION FEE
Revenue
$189,055
Organization Details
Founding Year
1997
Principal Officer
Priya Jayachandran
Website
www.nhtinc.orgNTEE Category
Code: L80Z - Housing
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