Civic Intelligence

National Housing Trust

EIN 52-1477599 • 501(c)3 • Washington, DC

Profile

The national housing trust protects, improves, and maintains existing affordable housing so that low-income families can live in quality neighborhoods with access to opportunities.

1101 30th Street NW 100AWashington, DC 20007

www.nhtinc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

44th percentile

0.18x

Higher debt load relative to assets than 44% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

80th percentile

1.35x

Higher debt load relative to revenue than 80% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

4th percentile

-52%

Higher net margin than 4% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

47th percentile

$355,046

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 12.8% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2022

Asset Growth

13th percentile

-5.2%

Faster asset growth than 13% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

1st percentile

-80%

Faster revenue growth than 1% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Down

$19,373,386

Down $1,058,535 (-5.2%) from 2023

Liabilities

Up

$3,563,263

Up $131,708 (+3.8%) from 2023

Net Assets

Down

$15,810,123

Down $1,190,243 (-7.0%) from 2023

Revenue

Down

$2,644,738

Down $10,340,329 (-80%) from 2023

Expenses

Up

$4,010,689

Up $816,970 (+26%) from 2023

Net Income

Down

-$1,365,951

Down $11,157,299 (-114%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2011: $5,387,108Liabilities 2011: $131,178Net Assets 2011: $5,255,9302011Assets 2012: $5,603,682Liabilities 2012: $399,962Net Assets 2012: $5,203,7202012Assets 2013: $6,299,633Liabilities 2013: $276,218Net Assets 2013: $6,023,4152013Assets 2014: $7,433,012Liabilities 2014: $744,364Net Assets 2014: $6,688,6482014Assets 2015: $6,008,764Liabilities 2015: $452,603Net Assets 2015: $5,556,1612015Assets 2017: $5,492,659Liabilities 2017: $567,661Net Assets 2017: $4,924,9982017Assets 2018: $7,491,843Liabilities 2018: $694,119Net Assets 2018: $6,797,7242018Assets 2019: $6,066,800Liabilities 2019: $644,911Net Assets 2019: $5,421,8892019Assets 2020: $7,056,268Liabilities 2020: $680,498Net Assets 2020: $6,375,7702020Assets 2021: $7,060,411Liabilities 2021: $415,981Net Assets 2021: $6,644,4302021Assets 2022: $7,947,627Liabilities 2022: $1,232,251Net Assets 2022: $6,715,3762022Assets 2023: $20,431,921Liabilities 2023: $3,431,555Net Assets 2023: $17,000,3662023Assets 2024: $19,373,386Liabilities 2024: $3,563,263Net Assets 2024: $15,810,1232024

Highlighted filing

2024

Assets$19,373,386
Liabilities$3,563,263
Net Assets$15,810,123

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2011: $3,463,502Expenses 2011: $3,169,931Net Income 2011: $293,5712011Revenue 2012: $3,684,546Expenses 2012: $3,654,711Net Income 2012: $29,8352012Expenses 2013: $3,682,3112013Revenue 2014: $4,841,995Expenses 2014: $4,230,103Net Income 2014: $611,8922014Revenue 2015: $2,822,899Expenses 2015: $3,934,348Net Income 2015: -$1,111,4492015Revenue 2017: $2,384,808Expenses 2017: $3,910,758Net Income 2017: -$1,525,9502017Revenue 2018: $6,410,577Expenses 2018: $4,658,089Net Income 2018: $1,752,4882018Revenue 2019: $2,942,233Expenses 2019: $4,315,560Net Income 2019: -$1,373,3272019Revenue 2020: $3,097,883Expenses 2020: $2,117,729Net Income 2020: $980,1542020Revenue 2021: $2,531,578Expenses 2021: $2,544,282Net Income 2021: -$12,7042021Revenue 2022: $2,772,882Expenses 2022: $2,008,858Net Income 2022: $764,0242022Revenue 2023: $12,985,067Expenses 2023: $3,193,719Net Income 2023: $9,791,3482023Revenue 2024: $2,644,738Expenses 2024: $4,010,689Net Income 2024: -$1,365,9512024

Highlighted filing

2024

Revenue$2,644,738
Expenses$4,010,689
Net Income-$1,365,951

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.4$3.56$15.8$2.64$4.01$1.37
2023Summary only. Only limited summary data is available for this year.$20.4$3.43$17.0$13.0$3.19$9.79
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.95$1.23$6.72$2.77$2.01$0.76
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.06$0.42$6.64$2.53$2.54$0.01
2020Summary only. Only limited summary data is available for this year.$7.06$0.68$6.38$3.10$2.12$0.98
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.07$0.64$5.42$2.94$4.32$1.37
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.49$0.69$6.80$6.41$4.66$1.75
2017Summary only. Only limited summary data is available for this year.$5.49$0.57$4.92$2.38$3.91$1.53
2015Summary only. Only limited summary data is available for this year.$6.01$0.45$5.56$2.82$3.93$1.11
2014Detailed filing. Detailed filing data is available for this year.$7.43$0.74$6.69$4.84$4.23$0.61
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.30$0.28$6.02$3.68
2012Summary only. Only limited summary data is available for this year.$5.60$0.40$5.20$3.68$3.65$0.03
2011Summary only. Only limited summary data is available for this year.$5.39$0.13$5.26$3.46$3.17$0.29
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$2,772,882
Mission and Program Overview

Mission

The national housing trust's mission is to create and preserve affordable homes to provide opportunity, advance racial equity, reduce economic disparities, and strengthen community resilience through practice and policy.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$672,790$3,182,288▲ $2,509,498
Investments in Publicly Traded Securities$901,353$1,937,564▲ $1,036,211
Savings and Temporary Cash Investments$2,778,741$1,362,090▼ $1,416,651
Cash and Non-Interest-Bearing Accounts$2,216,996$937,952▼ $1,279,044
Prepaid Expenses and Deferred Charges$106,177$31,829▼ $74,348
Pledges and Grants Receivable$147,500$22,500▼ $125,000
Land, Buildings, and Equipment, Net$61$11,356▲ $11,295
Total Assets$7,060,411$7,947,627▲ $887,216
Other Assets Total$236,793$462,048▲ $225,255
Liabilities
Other Liabilities$301,829$1,055,796▲ $753,967
Accounts Payable and Accrued Expenses$114,152$176,455▲ $62,303
Total Liabilities$415,981$1,232,251▲ $816,270
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,628,294$6,715,376▲ $87,082
Net Assets With Donor Restrictions$16,136$0▼ $16,136
Total Net Assets Fund Balance$6,644,430$6,715,376▲ $70,946
Total Liabilities and Net Assets / Fund Balance$7,060,411$7,947,627▲ $887,216

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,356$117,086$128,442
Other Land Buildings$0$82,156$82,156
Other Assets Org$414,296--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Priya JayachandranPresidentPT$286,772$68,274$355,046
Kevin WhiteVice President and SecretaryPT$189,770$46,070$235,840
Ed PaulSr. Director of Real EstatFT$151,901$54,654$206,555
Carolyn FischerDirector of Real EstateFT$141,288$38,185$179,473
Laura AbernathySr Director of Housing PolicyFT$140,622$34,967$175,589
Todd NedwickSr Director of SustainabilFT$134,244$37,409$171,653
Jt EngelhardtDirector of Real EstateFT$141,320$23,106$164,426
Alice Hamilton EvertSecretaryPT$86,091$25,251$111,342
Klade HareTreasurer-$54,979$16,660$71,639
Angela BrunoVice President and TreasurPT$60,366$9,997$70,363
Steven SpearsTreasurerPT$37,500-$37,500

Board Members and Trustees

NameTitle
Adnan BokhariBoard Member
Chrystal KornegayBoard Member
Elizabeth ChantBoard Member
Ismael GuerreroBoard Member
James L Logue IiiBoard Member
Jane GrafBoard Member
Lucy Arellano BaglieriBoard Member
Marilyn MelkonianBoard Member
Mary TingerthalBoard Member
Ronald GrzywinskiBoard Member
Thomas DohrmannBoard Member
Trisha MillerBoard Member
Vince ToyeBoard Member
Yusef FreemanBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$2,467,459
Program Service Revenue
$136,040
Investment Income
$153,628
Other Revenue
$15,755
Change in Net Assets
$764,024
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,202,517
Other Expenses$806,241
Total Fundraising Expense$71,936
Grants and Similar Amounts Paid$100
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$802,371$52,906$26,453$881,730
Other Salaries and Wages$173,149$11,414$5,707$190,270
Fees for Services Other$115,342$44,867$20,730$180,939
Fees for Services Accounting$107,275$68,540$3,515$179,330
Occupancy$105,353$8,490$3,473$117,316
Payroll Taxes$83,200$5,486$2,743$91,429
Office Expenses$70,844$4,668$2,336$77,848
Information Technology$55,439$3,655$1,827$60,921
Pension Plan Contributions$35,569$2,346$1,173$39,088
Travel$34,990$2,307$1,153$38,450
Insurance-$31,057-$31,057
Other Expenses$22,017$1,452$726$24,195
Advertising$10,892$718$359$11,969
Fees for Services Legal$6,161$3,937$202$10,300
Conferences and Meetings$7,929$523$261$8,713
Grants to Domestic Orgs$100--$100
Total Functional Expenses$1,669,635$267,287$71,936$2,008,858
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$872,742
Deferred Rent Payable$183,054
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

Some of the officers for national housing trust are also the officers for the institute for community economics, national housing trust community development fund, and nht communities. The directors for national housing trust also provide governance to ice , nhtcdf, and nhtc.

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by the chief financial officer.

Form 990, Part VI, Section B, Line 12C

Each board member must sign a conflict of interest declaration upon joining the board and signs a new declaration annually. Copies of the signed declarations are saved with other documents related to corporate policies and procedures.

Form 990, Part VI, Section B, Line 15

Compensation for the executive director/ceo is determined by the nht board of directors and is reviewed every year by the board's executive committee as per the executive compensation policy. They obtain research and compensation information that assists in determining the salary, such as independent salary and benefit compensation studies, written job offers for positions at similar organizations, documented phone calls about similar positions in other non-profit and for-profit organizations, and/or information obtained from the form 990 filings of similar organizations. To approve the compensation, the board must document how it reached its decision and the data in which it relied in the meeting minutes the executive committee of the nht board also evaluates the performance of the ceo annually. All other officers and staff's salaries are determined by the ceo. Each staff member receives an annual review to assess performance and sets goals.

Form 990, Part VI, Section C, Line 19

The organization's governing documents and policies are available for public inspection at the organization's office during regular business hours upon request.

Filing and Contact Details

Filer

Filer Name
National Housing Trust
EIN
52-1477599
Phone
2023338931
Address
1101 30TH STREET NW 100A, WASHINGTON, DC 20007

Signing Officer

Name
Steve Spears
Title
Interim CFO
Phone
2023338931
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Priya Jayachandran
Formed
1986
Legal Domicile
Dc
Voting Board Members
14
Independent Board Members
14
Employees
54
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
500 EAST PRATT STREET 4TH FLOOR, BALTIMORE, MD 21202
Preparer
Jolanta Tuck CPA
Phone
4107834900
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

The national housing trust protects, improves, and maintains existing affordable housing so that low-income families can live in quality neighborhoods with access to opportunities.

FORM 990, PART III, LINE 4C, PROGRAM SERVICE ACCOMPLISHMENTS:

Federal & state policy work: the national housing trust advances federal, state, and local policies that create equitable and sustainable communities by safeguarding our nation's affordable homes. We work with our partners to preserve and improve affordable multifamily rental housing by: providing research and analysis on our nation's at-risk affordable homes; shaping legislation and policy implementation to protect existing housing resources; documenting successful, cost effective and replicable affordable housing preservation state and local policy solutions; expanding and improving utility energy efficiency programs to drive large-scale efficiency investments in affordable multifamily buildings; leading a coalition of affordable housing preservation advocates and practitioners known as the preservation working group; providing research and analysis on our nation's at-risk affordable homes; and jointly leading a powerful collaboration to introduce private and public energy efficiency investment into affordable housing.

Form 990, Part IV, Line 12B

This 990 is being prepared with the best available information at the time. Upon completion of the audit, if there are any significant changes, appropriate action will be taken.

Raw XML AppendixShowing 400 of 1,725 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0THE NATIONAL HOUSING TRUST'S MISSION IS TO CREATE AND PRESERVE AFFORDABLE HOMES TO PROVIDE OPPORTUNITY, ADVANCE RACIAL EQUITY, REDUCE ECONOMIC DISPARITIES, AND STRENGTHEN COMMUNITY RESILIENCE THROUGH PRACTICE AND POLICY.
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