Overview
What is Nht Communities?
Nht Communities, also known as the National Housing Trust, is a trailblazing nonprofit organization headquartered with a blank Filer. Their unique mission revolves around housing preservation through three primary avenues: public policy advocacy, real estate development, and lending. This multifaceted approach enables them to make a significant impact on a national scale, ensuring the availability of affordable housing for communities in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Nht Communities has received a two-star rating from Charity Navigator, indicating a need for improvement in their overall accountability and financial practices. With an overall score of 64%, the organization demonstrates strengths in governance, including a majority of independent board members and the presence of key policies such as conflict of interest and whistleblower protections. However, their lack of financial transparency is significant, as they have not made financial statements available, which heavily impacts their accountability score.
The organization has a commendable program expense ratio of 77.27%, suggesting that a large portion of its funds is directed toward its programs. This focus on programmatic spending is a positive aspect that may benefit the communities they serve. However, the high liabilities to assets ratio of 83.18% raises concerns about their financial stability and sustainability in the long term.
In summary, while Nht Communities shows dedication through its independent governance and effective program spending, the absence of publicly accessible financial documents presents a barrier to transparency. Improving financial disclosure and reducing liabilities could enhance their credibility and overall effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Nht Communities legitimate?
Nht Communities is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nht Communities 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: $2,305,534
For more financial information, click here
What is the mission statement of Nht Communities?
The National Housing Trust, often referred to as Nht Communities, is a unique organization dedicated to preserving housing through various means. It is the only national entity actively involved in housing preservation via public policy advocacy, real estate development, and lending. By employing these strategies, Nht Communities strives to ensure the availability of affordable and sustainable housing for individuals and families in need. The organization's commitment to housing preservation is essential in addressing the housing crisis and ensuring stable living environments for communities across the country.
Who is the CEO of Nht Communities?
Priya Jayachandran is the President of Nht Communities.
What is the revenue of Nht Communities?
Nht Communities's revenue in 2022 was $26,933,579.
Who are the executives of Nht Communities and what are their salaries?
There 5 volunteers at Nht Communities.
Here are 11 key members and their salaries:
- Compensation: $288,335
- Related: $0
- Other: $66,711
- Compensation: $60,366
- Related: $0
- Other: $9,997
- 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: $191,303
- Related: $0
- Other: $44,537
- Compensation: $174,458
- Related: $0
- Other: $44,712
- Compensation: $71,678
- Related: $0
- Other: $11,345
- Compensation: $37,500
- Related: $0
- Other: $0
Where can I find the form 990 for Nht Communities?
Nht Communities's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nht Communities
Nht Communities, with its unique mission, is the only national organization dedicated to housing preservation through a three-pronged approach: public policy advocacy, real estate development, and lending. It strives to ensure the stability and longevity of residential communities by influencing policy, creating and improving housing units, and providing financial resources. By doing so, Nht Communities aims to make a lasting impact on individuals and families by securing their homes and the communities they live in.
The National Housing Trust takes a comprehensive and innovative approach to addressing housing needs. It advocates for policies that protect and preserve affordable housing, ensuring that residents remain in their homes and communities. This advocacy work is critical in today's housing market, where affordability is a growing concern for many. In addition, Nht Communities engages in real estate development, transforming distressed properties into well-maintained, affordable housing units. By investing in and revitalizing existing communities, Nht Communities not only preserves housing but also creates opportunities for residents to thrive.
Furthermore, Nht Communities offers financing solutions through its lending activities. By providing loans and grants, it helps bridge the gap between affordable housing needs and available resources. This financial support plays a crucial role in preserving existing affordable housing units and creating new ones. Through its commitment to housing preservation, Nht Communities has become an essential partner in creating and maintaining sustainable, affordable housing communities for individuals and families across the country.
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Impact
October, 2024
NHT Communities significantly impacts housing preservation by focusing on public policy advocacy, real estate development, and lending. By actively engaging in these areas, NHT Communities works to maintain the availability of affordable housing and ensure that existing housing stock is preserved for low-income families and individuals.
Through its unique approach, NHT Communities advocates for policies that support housing stability and accessibility, influencing legislation at the national level. The organization also undertakes real estate development projects that revitalize neighborhoods while prioritizing affordable housing options. Additionally, NHT Communities provides lending solutions that facilitate the rehabilitation and preservation of properties.
Overall, NHT Communities plays a crucial role in mitigating housing crises, promoting sustainable communities, and ensuring that vulnerable populations have access to safe and affordable homes.
This information is meant to be a general summary of Nht Communities. 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: $6,459,763
- Program Service Revenue: $11,978,440
- Gross Receipts: $26,933,579
Assets and Liabilities:
- Total Assets: $181,646,633
- Total Liabilities: $151,104,731
- Net Assets: $30,541,902
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$7,785,649
DEVELOPER FEE
Revenue
$1,774,026
PROGRAM SERVICE FEE
Revenue
$1,232,244
MANAGEMENT FEE
Revenue
$609,894
LOAN REVENUE
Revenue
$542,880
Organization Details
Founding Year
1999
Phone
(202) 333-8931Principal Officer
Priya Jayachandran
Main Address
1101 30TH STREET NW 100A, WASHINGTON, DC, 200073708
NTEE Category
Code: L210 - Housing
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