Overview
What is The Nhp Foundation?
The Nhp Foundation is a New York-based nonprofit organization committed to preserving and creating affordable multifamily housing for low-to-moderate income families and seniors. With a team of 68 employees, they invest in housing solutions and provide essential programs and services to enhance the quality of life for their residents. Their mission extends beyond just housing, focusing on the holistic well-being of their community.
Official website here: www.nhpfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%
The Nhp Foundation has received a Four-Star out of Four Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The charity's overall score is derived entirely from its high marks in these areas, reflecting its commitment to transparency and effective financial management. The foundation achieved a perfect score in several key categories, including the material diversion of assets and its liabilities to assets ratio.
Strengths highlighted include the organization's governance structure, with 90% of its board members being independent, ensuring impartial oversight. Additionally, the foundation demonstrates robust financial health with an impressive program expense ratio of 86.87%, indicating that the majority of its funds are directed toward its mission-related activities rather than administrative costs.
While the data reflects a solid commitment to financial integrity and accountability, no specific limitations or challenges were noted in the feedback. This strong performance suggests that The Nhp Foundation is well-managed and dedicated to its goals, making it a trustworthy option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is The Nhp Foundation legitimate?
The Nhp Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Nhp Foundation 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: $2,956,647
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,452,225
For more financial information, click here
Official website here: www.nhpfoundation.org
What is the mission statement of The Nhp Foundation?
The Nhp Foundation is a nonprofit organization with a mission to invest in preserving and creating affordable multifamily housing for low-to-moderate income families and seniors. The foundation goes beyond just housing by providing a range of programs and services to enhance the quality of life for its residents. By making strategic investments, the Nhp Foundation aims to make a significant impact on the lives of those in need, ensuring they have access to safe and affordable housing. Additionally, the foundation offers various initiatives to support the well-being of its residents, enhancing their overall living experience.
Official website here: www.nhpfoundation.org
Who is the CEO of The Nhp Foundation?
Richard F Burns is the CEO of The Nhp Foundation The CEO's salary of The Nhp Foundation is $699,998 and their total compensation is $717,652.
Official website here: www.nhpfoundation.org
What is the revenue of The Nhp Foundation?
The Nhp Foundation's revenue in 2023 was $74,535,053.
Official website here: www.nhpfoundation.org
Who are the executives of The Nhp Foundation and what are their salaries?
The average compensation at The Nhp Foundation during 2023 was $167,778. There are 68 employees and 10 volunteers at The Nhp Foundation.
Here are 24 key members and their salaries (The Nhp Foundation's CEO's salary is $699,998 and their total compensation is $717,652):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $699,998
- Related: $0
- Other: $17,654
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $324,423
- Related: $0
- Other: $24,598
- Compensation: $499,038
- Related: $0
- Other: $0
- Compensation: $280,000
- Related: $0
- Other: $10,435
- Compensation: $365,000
- Related: $0
- Other: $21,482
- Compensation: $329,615
- Related: $0
- Other: $21,122
- Compensation: $288,289
- Related: $0
- Other: $9,741
- Compensation: $530,000
- Related: $0
- Other: $37,708
- Compensation: $273,654
- Related: $0
- Other: $33,896
- Compensation: $295,906
- Related: $0
- Other: $0
- Compensation: $335,346
- Related: $0
- Other: $25,729
- Compensation: $349,231
- Related: $0
- Other: $9,771
- Compensation: $297,306
- Related: $0
- Other: $19,251
Official website here: www.nhpfoundation.org
Where can I find the form 990 for The Nhp Foundation?
The Nhp Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nhpfoundation.org
Learn more at the official website: www.nhpfoundation.org
Mission Statement of The Nhp Foundation
The Nhp Foundation, a dedicated nonprofit organization, is focused on making investments to preserve and create affordable multifamily housing for low-to-moderate income families and seniors. By doing so, the foundation aims to provide a stable living environment for those in need.
The Nhp Foundation's mission extends beyond just housing. It also offers a comprehensive range of programs and services to enhance the quality of life for its residents. The nonprofit's commitment to its residents goes beyond the physical space, as it strives to improve their overall well-being.
Through its investments, The Nhp Foundation works to ensure that families and seniors have access to affordable housing. This not only provides a roof over their heads but also offers a sense of security and stability. The foundation's dedication to this cause is evidenced by its comprehensive approach, which addresses both the housing needs and the quality of life for its residents.
In summary, The Nhp Foundation is a nonprofit organization that makes investments to preserve and create affordable multifamily housing for low-to-moderate income families and seniors. Its mission goes beyond just housing, as it also provides a range of programs and services to enhance the overall well-being of its residents.
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Impact
October, 2024
The Nhp Foundation significantly impacts communities by preserving and creating affordable multifamily housing specifically for low-to-moderate-income families and seniors. By investing in these housing solutions, the foundation directly addresses the critical need for accessible living options in urban environments, particularly in high-cost areas like New York.
In addition to housing, The Nhp Foundation enhances residents' quality of life through a comprehensive array of programs and services. These initiatives may include educational opportunities, health and wellness programs, and community-building activities that foster a supportive environment. Overall, The Nhp Foundation plays a crucial role in promoting stability and well-being among vulnerable populations, thereby contributing to stronger, more resilient communities.
This information is meant to be a general summary of The Nhp Foundation. 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: $1,312,638
- Program Service Revenue: $26,798,217
- Gross Receipts: $371,711,852
Assets and Liabilities:
- Total Assets: $301,329,471
- Total Liabilities: $73,997,856
- Net Assets: $227,331,615
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEE INCOME
Revenue
$9,827,339
OTHER INCOME
Revenue
$5,473,837
NOTE INTEREST INCOME
Revenue
$5,270,460
RENT REVENUE
Revenue
$4,899,014
MANAGEMENT FEES
Revenue
$1,057,145
Organization Details
Founding Year
1989
Principal Officer
Alla Eleon
Website
www.nhpfoundation.orgNTEE Category
Code: L200 - Housing
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