Overview
What is National Affordable Housing Preservation Associates Inc?
National Affordable Housing Preservation Associates Inc, based in Tuscaloosa, Alabama, works tirelessly to preserve and develop affordable housing for low-income individuals and families, with a particular focus on rural areas and small towns. Their mission involves the long-term preservation of federally assisted affordable housing and the construction of new low-income housing units. Through their operations, they aim to rent out properties to those in need, ensuring the continuity of affordable living options for vulnerable communities.
Official website here: www.nahpa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 61% (Two-Star out of Four Star Rating)
The National Affordable Housing Preservation Associates Inc has received a 61% rating from Charity Navigator, which indicates concerns regarding its accountability and financial practices. While the organization has a majority independent board and scores well on certain financial ratios, the overall performance suggests that there are significant areas for improvement, particularly in financial transparency and documentation.
Strengths highlighted in the assessment include a strong score on the material diversion of assets and the reporting of board meeting minutes. The organization has also implemented a conflict of interest policy, which is a positive indicator of governance. However, the lack of independent board size and the absence of adequately posted financial statements raise questions regarding its overall financial health and governance practices.
Limitations noted in the review include a scoring of zero in several critical areas such as whistleblower policy and document retention, which could jeopardize the organization’s accountability and transparency. Additionally, the organization did not post its tax form on its website, which is a common best practice that enhances trust with stakeholders. Overall, while there are some commendable governance aspects, significant improvements are necessary for National Affordable Housing Preservation Associates Inc to enhance its accountability and financial transparency.
This AI summary has been generated from information found on Charity Navigator.
Is National Affordable Housing Preservation Associates Inc legitimate?
National Affordable Housing Preservation Associates Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Affordable Housing Preservation Associates 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: $0
For more financial information, click here
Official website here: www.nahpa.org
What is the mission statement of National Affordable Housing Preservation Associates Inc?
National Affordable Housing Preservation Associates Inc has a mission to ensure the long-term preservation of federally assisted affordable housing and facilitate the construction of low-income housing for disadvantaged individuals and families, with a focus on rural areas and small towns. Their activities aim to safeguard affordable housing properties and proactively work towards the development of new affordable housing options. The organization operates rental properties, preserving them as affordable housing units through its efforts.
Official website here: www.nahpa.org
What is the revenue of National Affordable Housing Preservation Associates Inc?
National Affordable Housing Preservation Associates Inc's revenue in 2024 was $38,934.
Official website here: www.nahpa.org
Who are the executives of National Affordable Housing Preservation Associates Inc and what are their salaries?
There 2 volunteers at National Affordable Housing Preservation Associates Inc.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.nahpa.org
Where can I find the form 990 for National Affordable Housing Preservation Associates Inc?
National Affordable Housing Preservation Associates Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.nahpa.org
Learn more at the official website: www.nahpa.org
Mission Statement of National Affordable Housing Preservation Associates Inc
National Affordable Housing Preservation Associates Inc, in its mission, strives to promote the long-term preservation of federally assisted affordable housing and the construction of low-income housing. This mission is primarily aimed at benefiting low-income individuals and families, with a particular focus on rural areas and small towns. The organization, through its efforts, works tirelessly to preserve and develop affordable housing, ensuring that these essential living spaces remain accessible for those who need them most. By operating properties rented to low-income individuals and families, National Affordable Housing Preservation Associates, Inc. (NAHPA) plays a crucial role in preserving affordable housing for the underserved communities it serves.
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Impact
August, 2024
National Affordable Housing Preservation Associates Inc's impact lies in its efforts to promote the long-term preservation of federally assisted affordable housing and the construction of low-income housing for the benefit of low-income persons and families, particularly in rural areas and small towns. By operating properties rented to low-income individuals, this organization helps ensure the availability of affordable housing for those in need. Their focus on preservation and development of affordable housing plays a crucial role in addressing housing issues and supporting vulnerable communities.
This information is meant to be a general summary of National Affordable Housing Preservation Associates 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 2024.
- Investment Income: $909
- Program Service Revenue: $33,638
- Gross Receipts: $52,971
Assets and Liabilities:
- Total Assets: $290,345
- Total Liabilities: $0
- Net Assets: $290,345
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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
$33,638
Organization Details
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