Overview
What is National Housing Endowment?
The National Housing Endowment is a nonprofit organization situated in Washington D.C. Its primary mission is to support education, research, manpower training, and the recruitment of outstanding students for the housing industry. They accomplish this by offering matching funds for corporate contributions, providing scholarships for student travel to builders' shows, supporting student networking events, funding safety videos, and supporting university faculty trips to Washington D.C. Additionally, they aid in the development of the annual report on the state of American housing, sponsor student symposiums, fund a scholarship managed by the American Council for Construction Education, and award the Herb Kohler Leadership Award to outstanding leaders from NAHB student chapters. The organization's aim is to address challenges in the home building industry, enhance education and training for future residential construction leaders, and increase knowledge on housing issues.
Official website here: www.nationalhousingendowment.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
The National Housing Endowment has received a strong rating of 87% from Charity Navigator, indicating a solid level of accountability and financial health. The organization benefits from a fully independent board and has established thorough oversight mechanisms, evidenced by their perfect scores in key governance areas such as audit and financial oversight.
Strengths of the National Housing Endowment include its high percentage of independent board members and a well-documented conflict of interest policy. The charity's transparency is highlighted by the availability of its financial statements and board meeting minutes, which are accessible on its website. Additionally, the organization maintains a low liabilities to assets ratio, showcasing its financial stability.
However, while the program expense ratio is relatively good at 62.70%, it falls short of the maximum score, indicating that there may be room for improvement in the allocation of funds towards programs. Overall, the National Housing Endowment demonstrates effective governance and financial practices, though there are areas where efficiency could be enhanced.
This AI summary has been generated from information found on Charity Navigator.
Is National Housing Endowment legitimate?
National Housing Endowment is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Housing Endowment 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: $271,005
Professional Fundraising Fees: $0
Other Salaries and Wages: $142,474
For more financial information, click here
Official website here: www.nationalhousingendowment.org
What is the mission statement of National Housing Endowment?
The National Housing Endowment's mission is geared towards addressing challenges in the home building industry. It aims to enhance educational and training opportunities for future leaders in residential construction. The endowment also aims to expand the body of knowledge on housing issues. To achieve these goals, it provides grants for education, research, manpower training, and recruitment of talented students for the housing sector. It offers matching funds for corporate contributions, scholarships for student travel, support for networking events, and funding for the development of job site safety videos. Additionally, it supports university faculty travel, an annual report on the state of housing, student symposiums, scholarships managed by the American Council for Construction Education, and an award for outstanding leaders from NAHB student chapters.
Official website here: www.nationalhousingendowment.org
Who is the CEO of National Housing Endowment?
Mark Pursell is the Chair of National Housing Endowment. The CEO's salary of National Housing Endowment is $239,545 and their total compensation is $271,005.
Official website here: www.nationalhousingendowment.org
What is the revenue of National Housing Endowment?
National Housing Endowment's revenue in 2022 was $4,237,361.
Official website here: www.nationalhousingendowment.org
Who are the executives of National Housing Endowment and what are their salaries?
The average compensation at National Housing Endowment during 2022 was $137,826. There are 3 employees and 30 volunteers at National Housing Endowment.
Here are 31 key members and their salaries (National Housing Endowment's CEO's salary is $239,545 and their total compensation is $271,005):
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Official website here: www.nationalhousingendowment.org
Where can I find the form 990 for National Housing Endowment?
National Housing Endowment's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nationalhousingendowment.org
Learn more at the official website: www.nationalhousingendowment.org
Mission Statement of National Housing Endowment
The National Housing Endowment, as an organization, aims to tackle the challenges faced by the home building industry. Its mission is geared towards enhancing educational and training methods for future leaders in residential construction, while expanding the knowledge base on housing-related issues. To accomplish this, the Endowment offers grants to support various initiatives such as education, research, manpower training, and recruitment of top-tier students for the housing sector.
One of their significant programs includes the Skilled Labor Fund, which provides matching funds for corporate contributions. This initiative aims to incentivize companies to invest in the development of future talent in the housing industry. The Endowment also offers financial assistance for student travel to builders' shows, supporting networking opportunities for aspiring professionals in the field.
Additionally, the National Housing Endowment funds the development of job site safety videos by the National Association of Home Builders (NAHB). This initiative emphasizes the importance of safety in the construction industry and provides resources to promote safe working conditions. The Endowment also supports university faculty travel to Washington D.C., enabling them to engage with NAHB departments, fostering collaboration and knowledge exchange.
Moreover, the Endowment contributes to the annual Harvard State of the Nation's Housing Report, providing financial support to ensure the comprehensive analysis of the state of American housing is made available. They also sponsor university student travel to Washington D.C., allowing students to connect with NAHB departments and gain valuable insights into the industry.
The Endowment's support extends to the American Council for Construction Education (ACCE) scholarship program, underwriting a scholarship managed by the ACCE. Furthermore, the Endowment awards the Herb Kohler Leadership Award to an outstanding leader from NAHB student chapters, recognizing and encouraging excellence in the next generation of industry leaders.
In summary, the National Housing Endowment is dedicated to addressing challenges within the home building industry by promoting education, research, and training for future leaders. Their initiatives support the development of skilled labor, promote safety in construction, and encourage collaboration and knowledge exchange within the industry.
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Impact
July, 2024
The National Housing Endowment's impact is significant in supporting education, research, manpower training, and the recruitment of top students for the housing industry. Through various initiatives such as providing financial assistance for student travel, supporting student networking events, developing job site safety videos, and awarding outstanding leaders in residential construction, the National Housing Endowment plays a crucial role in addressing the challenges of the home building industry. Additionally, by funding scholarships and supporting reports on the state of American housing, the organization contributes to enhancing the education and training of future leaders in residential construction while increasing the body of knowledge on housing issues.
This information is meant to be a general summary of National Housing Endowment. 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: $816,449
- Gross Receipts: $8,755,778
Assets and Liabilities:
- Total Assets: $29,840,840
- Total Liabilities: $423,678
- Net Assets: $29,417,162
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Organization Details
Founding Year
1987
Phone
(202) 266-8477Principal Officer
Mark Pursell
Main Address
1201 15TH STREET NW, WASHINGTON, DC, 20005
NTEE Category
Code: L01 - Housing
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