Overview
What is National Foundation For Affordable Housing Solutions Inc?
The National Foundation For Affordable Housing Solutions Inc, based in North Bethesda, Maryland, is a dedicated nonprofit organization focused on preserving the nation's existing stock of affordable rental housing. With a team of 24 employees, the foundation aims to provide better access to decent, safe, and well-managed affordable housing and community programs for underserved populations. They engage with industry leaders, develop financial models, and create various position remarks. Additionally, they facilitate non-profit ownership of affordable housing and establish 509(A)(3) organizations to acquire affordable low-income housing. Through these efforts, the National Foundation For Affordable Housing Solutions Inc is committed to ensuring that individuals in need have access to affordable housing solutions and essential services.
Official website here: www.foundationhousing.com/
What are the reviews and ratings of this charity?
Charity Navigator rating: 91% (Four-Star out of Four Star rating)
The National Foundation For Affordable Housing Solutions Inc has received a strong Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The charity's score is primarily derived from its excellent Accountability & Finance metrics, which reflect effective governance and oversight practices. This organization has a fully independent board and maintains transparent financial statements, demonstrating its commitment to ethical management.
Strengths include a perfect score in several areas, such as material diversion of assets and financial oversight, indicating robust financial practices. The charity has a high program expense ratio of 94.81%, meaning that a significant portion of its funds is directed toward its mission rather than administrative costs. Additionally, the organization has a favorable liabilities-to-assets ratio of 30.86%, suggesting it is financially stable.
However, there is a noted limitation regarding its whistleblower policy, which is currently missing, contributing zero points in that area. Despite this gap, the overall financial efficiency is commendable, with minimal fundraising costs, allowing more resources to be allocated directly to affordable housing initiatives. Overall, the charity demonstrates strong accountability, though it could benefit from enhancing its policy framework.
This AI summary has been generated from information found on Charity Navigator.
Is National Foundation For Affordable Housing Solutions Inc legitimate?
National Foundation For Affordable Housing Solutions Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Foundation For Affordable Housing Solutions Inc 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: $2,529,899
For more financial information, click here
Official website here: www.foundationhousing.com/
What is the mission statement of National Foundation For Affordable Housing Solutions Inc?
The National Foundation For Affordable Housing Solutions Inc is committed to preserving the nation's existing assisted rental housing stock and providing the underserved population with better access to decent, safe, and well-managed affordable housing and community programs and services. The foundation is dedicated to this mission and takes various approaches to achieve it, including speaking with industry leaders, creating financial models, and preparing position remarks. Additionally, it facilitates non-profit ownership of affordable housing and creates 509(A)(3) organizations to acquire low-income housing.
Official website here: www.foundationhousing.com/
Who is the CEO of National Foundation For Affordable Housing Solutions Inc?
Todd Travis is the Director of National Foundation For Affordable Housing Solutions Inc. The CEO's salary of National Foundation For Affordable Housing Solutions Inc is $332,215 and their total compensation is $332,215.
Official website here: www.foundationhousing.com/
What is the revenue of National Foundation For Affordable Housing Solutions Inc?
National Foundation For Affordable Housing Solutions Inc's revenue in 2021 was $53,198,670.
Official website here: www.foundationhousing.com/
Who are the executives of National Foundation For Affordable Housing Solutions Inc and what are their salaries?
The average compensation at National Foundation For Affordable Housing Solutions Inc during 2021 was $105,412. There are 24 employees at National Foundation For Affordable Housing Solutions Inc.
Here are 9 key members and their salaries (National Foundation For Affordable Housing Solutions Inc's CEO's salary is $332,215 and their total compensation is $332,215):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $332,215
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $289,000
- Related: $0
- Other: $0
- Compensation: $250,900
- Related: $0
- Other: $0
- Compensation: $267,000
- Related: $0
- Other: $0
Official website here: www.foundationhousing.com/
Where can I find the form 990 for National Foundation For Affordable Housing Solutions Inc?
National Foundation For Affordable Housing Solutions Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.foundationhousing.com/
Learn more at the official website: www.foundationhousing.com/
Mission Statement of National Foundation For Affordable Housing Solutions Inc
The National Foundation for Affordable Housing Solutions Inc is a dedicated organization that focuses on preserving the existing stock of assisted rental housing in the country. With a commitment to serving the underserved population, the Foundation strives to provide better access to decent, safe, and well-managed affordable housing and community programs and services.
To accomplish its mission, the National Foundation for Affordable Housing Solutions Inc explores various approaches to preserve the nation's supply of adequate affordable housing. The organization engages in conversations with industry leaders and creates financial models to facilitate the acquisition and management of affordable housing properties. In addition to these efforts, the Foundation facilitates non-profit ownership of affordable housing units and establishes 509(A)(3) organizations to acquire and manage low-income housing.
By acting as a catalyst for affordable housing solutions, the National Foundation for Affordable Housing Solutions Inc plays a vital role in addressing the housing needs of communities across the country. Through its research, advocacy, and innovative approaches, the organization continues to make a positive impact on the lives of those who struggle to access affordable housing. The Foundation's unwavering dedication to this cause ensures that it remains at the forefront of efforts to preserve and expand the nation's affordable housing supply.
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Impact
October, 2024
The National Foundation For Affordable Housing Solutions Inc plays a crucial role in addressing the challenges of affordable housing in the United States. By focusing on the preservation of the existing assisted rental housing stock, it ensures that vulnerable populations have continued access to safe and well-managed living environments.
The foundation actively researches and advocates for various methods to maintain and enhance the availability of adequate affordable housing. By collaborating with industry leaders, they develop innovative financial models and prepare strategic recommendations that influence housing policies and practices. Their commitment to facilitating non-profit ownership of affordable housing further empowers communities to manage and sustain these important assets.
Additionally, the foundation creates 509(A)(3) organizations that specifically target the acquisition of affordable low-income housing, thereby expanding the resources available to underserved populations. Through these efforts, the National Foundation For Affordable Housing Solutions Inc is making a tangible impact on improving access to quality housing and community services for those in need.
This information is meant to be a general summary of National Foundation For Affordable Housing Solutions Inc. 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 2021.
- Investment Income: $1,934,756
- Program Service Revenue: $7,030,417
- Gross Receipts: $53,198,670
Assets and Liabilities:
- Total Assets: $263,616,606
- Total Liabilities: $81,366,888
- Net Assets: $182,249,718
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUPPORTING ORGAN FEE INCOME
Revenue
$5,294,657
INTEREST NOTE RECEIVABLE
Revenue
$1,599,280
OTHER REVENUE
Revenue
$124,466
OTHER INTEREST
Revenue
$12,014
Organization Details
Founding Year
1990
Phone
(301) 998-0400Principal Officer
Todd Travis
Main Address
11810 GRAND PARK AVENUE SUITE 600, NORTH BETHESDA, MD, 20852
Website
www.foundationhousing.com/NTEE Category
Code: L99Z - Housing
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