Civic Intelligence

The Nhp Foundation

EIN 52-1636004 • 501(c)3 • New York, NY

Profile

The nhp foundation is a nonprofit organization dedcicated to making investments that preserve and create affordable multifamily housing for low-to moderate-income families and seniors. The foundation also provides a comprehensive array of programs and services to enhance the quality of life for its residents.

122 East 42nd Street Suite 4900New York, NY 10168

www.nhpfoundation.org

Siviq Scores

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

Liabilities / Assets

67th percentile

0.49x

Higher debt load relative to assets than 67% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

95th percentile

7.29x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Net Margin

3rd percentile

-51%

Higher net margin than 3% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

85th percentile

$715,142

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

$250M-$1B nonprofits • Source year 2022

Asset Growth

91st percentile

26%

Faster asset growth than 91% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

2nd percentile

-52%

Faster revenue growth than 2% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Up

$536,877,982

Up $110,295,430 (+26%) from 2023

Liabilities

Up

$262,073,068

Up $102,002,816 (+64%) from 2023

Net Assets

Up

$274,804,914

Up $8,292,614 (+3.1%) from 2023

Revenue

Down

$35,947,017

Down $38,588,036 (-52%) from 2023

Expenses

Up

$54,139,811

Up $17,924,879 (+49%) from 2023

Net Income

Down

-$18,192,794

Down $56,512,915 (-147%) from 2023

Trend Graphs

Balance Sheet Trend

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

$600M$400M$200M$0Assets 2011: $89,967,092Liabilities 2011: $23,578,408Net Assets 2011: $66,388,6842011Assets 2012: $89,617,329Liabilities 2012: $23,711,367Net Assets 2012: $65,905,9622012Assets 2013: $88,045,761Liabilities 2013: $22,780,308Net Assets 2013: $65,265,4532013Assets 2014: $98,782,003Liabilities 2014: $23,447,019Net Assets 2014: $75,334,9842014Assets 2015: $104,516,920Liabilities 2015: $31,873,839Net Assets 2015: $72,643,0812015Assets 2016: $150,554,498Liabilities 2016: $75,288,655Net Assets 2016: $75,265,8432016Assets 2017: $197,134,316Liabilities 2017: $106,274,562Net Assets 2017: $90,859,7542017Assets 2018: $173,695,038Liabilities 2018: $81,462,884Net Assets 2018: $92,232,1542018Assets 2019: $188,390,325Liabilities 2019: $100,482,988Net Assets 2019: $87,907,3372019Assets 2020: $289,778,753Liabilities 2020: $121,379,083Net Assets 2020: $168,399,6702020Assets 2021: $288,555,579Liabilities 2021: $95,847,745Net Assets 2021: $192,707,8342021Assets 2022: $301,329,471Liabilities 2022: $73,997,856Net Assets 2022: $227,331,6152022Assets 2023: $426,582,552Liabilities 2023: $160,070,252Net Assets 2023: $266,512,3002023Assets 2024: $536,877,982Liabilities 2024: $262,073,068Net Assets 2024: $274,804,9142024

Highlighted filing

2024

Assets$536,877,982
Liabilities$262,073,068
Net Assets$274,804,914

Operations Trend

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

$100M$50M$0-$50MRevenue 2011: $9,244,143Expenses 2011: $15,319,443Net Income 2011: -$6,075,3002011Revenue 2012: $10,465,639Expenses 2012: $10,948,361Net Income 2012: -$482,7222012Revenue 2013: $10,649,464Expenses 2013: $11,289,973Net Income 2013: -$640,5092013Revenue 2014: $22,915,089Expenses 2014: $12,845,558Net Income 2014: $10,069,5312014Revenue 2015: $11,368,489Expenses 2015: $14,060,392Net Income 2015: -$2,691,9032015Revenue 2016: $23,226,396Expenses 2016: $20,603,634Net Income 2016: $2,622,7622016Revenue 2017: $45,204,987Expenses 2017: $28,467,438Net Income 2017: $16,737,5492017Revenue 2018: $28,204,017Expenses 2018: $26,831,617Net Income 2018: $1,372,4002018Revenue 2019: $21,427,453Expenses 2019: $25,789,554Net Income 2019: -$4,362,1012019Revenue 2020: $32,236,005Expenses 2020: $34,308,053Net Income 2020: -$2,072,0482020Revenue 2021: $98,614,983Expenses 2021: $77,105,994Net Income 2021: $21,508,9892021Revenue 2022: $48,789,999Expenses 2022: $33,419,964Net Income 2022: $15,370,0352022Revenue 2023: $74,535,053Expenses 2023: $36,214,932Net Income 2023: $38,320,1212023Revenue 2024: $35,947,017Expenses 2024: $54,139,811Net Income 2024: -$18,192,7942024

Highlighted filing

2024

Revenue$35,947,017
Expenses$54,139,811
Net Income-$18,192,794

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$537$262$275$35.9$54.1$18.2
2023Detailed filing. Detailed filing data is available for this year.$427$160$267$74.5$36.2$38.3
2022Detailed filing. Detailed filing data is available for this year.$301$74.0$227$48.8$33.4$15.4
2021Detailed filing. Detailed filing data is available for this year.$289$95.8$193$98.6$77.1$21.5
2020Detailed filing. Detailed filing data is available for this year.$290$121$168$32.2$34.3$2.07
2019Detailed filing. Detailed filing data is available for this year.$188$100$87.9$21.4$25.8$4.36
2018Detailed filing. Detailed filing data is available for this year.$174$81.5$92.2$28.2$26.8$1.37
2017Detailed filing. Detailed filing data is available for this year.$197$106$90.9$45.2$28.5$16.7
2016Detailed filing. Detailed filing data is available for this year.$151$75.3$75.3$23.2$20.6$2.62
2015Detailed filing. Detailed filing data is available for this year.$105$31.9$72.6$11.4$14.1$2.69
2014Detailed filing. Detailed filing data is available for this year.$98.8$23.4$75.3$22.9$12.8$10.1
2013Summary only. Only limited summary data is available for this year.$88.0$22.8$65.3$10.6$11.3$0.64
2012Summary only. Only limited summary data is available for this year.$89.6$23.7$65.9$10.5$10.9$0.48
2011Summary only. Only limited summary data is available for this year.$90.0$23.6$66.4$9.24$15.3$6.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 9, 2025
Return Version
2024v5.2
Gross Receipts
$226,574,060
Mission and Program Overview

Mission

The nhp foundation is a nonprofit organization dedcicated to making investments that preserve and create affordable multifamily housing for low-to moderate-income families and seniors. The foundation also provides a comprehensive array of programs and services to enhance the quality of life for its residents.

The nhp foundation is a nonprofit dedicated to making investments to preserve & create affordable multifamily housing for low-to-moderate income families & seniors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$176,993,651$196,392,290▲ $19,398,639
Land, Buildings, and Equipment, Net$18,456,589$109,412,789▲ $90,956,200
Investments Program Related$73,809,766$89,448,669▲ $15,638,903
Cash and Non-Interest-Bearing Accounts$80,657,447$35,202,864▼ $45,454,583
Savings and Temporary Cash Investments$5,038,837$28,709,974▲ $23,671,137
Intangible Assets$5,368,414$4,632,513▼ $735,901
Accounts Receivable$777,124$1,716,099▲ $938,975
Prepaid Expenses and Deferred Charges$264,579$505,684▲ $241,105
Pledges and Grants Receivable$101,000$47,500▼ $53,500
Total Assets$426,582,552$536,877,982▲ $110,295,430
Other Assets Total$65,115,145$70,809,600▲ $5,694,455
Liabilities
Unsecured Notes Loans Payable$105,668,091$146,582,903▲ $40,914,812
Mortgage Notes Payable Secured by Investment Property$18,921,784$61,750,345▲ $42,828,561
Deferred Revenue$22,332,838$38,589,004▲ $16,256,166
Other Liabilities$10,609,576$9,422,452▼ $1,187,124
Accounts Payable and Accrued Expenses$2,537,963$5,728,364▲ $3,190,401
Total Liabilities$160,070,252$262,073,068▲ $102,002,816
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$266,512,300$274,804,914▲ $8,292,614
Total Net Assets Fund Balance$266,512,300$274,804,914▲ $8,292,614
Total Liabilities and Net Assets / Fund Balance$426,582,552$536,877,982▲ $110,295,430

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$79,364,797$3,967,885$83,332,682
Land$27,142,379-$27,142,379
Other Land Buildings$2,805,599-$2,805,599
Leasehold Improvements$100,014-$100,014
Investment Program Related Org$89,448,669--
Other Assets Org$9,086,412--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Richard F BurnsCEO & Board MemberPT$516,061$243,993$760,054
Stephen GreenEvp & CIOPT$272,083$245,486$517,569
Eric PricePresidentPT$337,500$175,000$512,500
Carlos GonzalesSenior Vice PresidentPT$238,301$138,521$376,822
John WelshSenior Vice PresidentPT$232,531$114,895$347,426
Mecky AdnaniSVP, AcquisitionsFT$227,536$107,295$334,831
Neal DrobenareSVP, Acquisitions/prospectPT$185,215$141,529$326,744
Scott BarkanSVP, Senior Project ManagerFT$168,989$157,139$326,128
Mansur Abdul-malikSenior Vice PresidentPT$174,417$150,484$324,901
Fred MitchellSenior Vice PresidentFT$209,098$107,500$316,598
Alla EleonSVP, CAO, & TreasurerPT$192,455$118,060$310,515
C Meade Rhoads JrVice PresidentPT$145,283$158,179$303,462
Joseph P WiedorferSVP & Corporate SecretaryPT$103,498$169,130$272,628
Thomas G VaccaroSenior Vice PresidentPT$122,425$137,115$259,540
John G HofferVice PresidentPT$141,308$117,500$258,808
Tim B PryorVice PresidentPT$117,483$135,122$252,605
Ian SobelVice President, Asset MgmtFT$163,991$86,555$250,546
Kenneth D WhiteVice PresidentPT$146,918$101,326$248,244
Dawn GutierrezVice PresidentPT$107,701$95,106$202,807
Thalia LankinChief Administrative OfficerPT$128,338$37,055$165,393
Charu SinghBoard Member-$10,000-$10,000
Cherie Santos-wuestVice Chair of the Board-$10,000-$10,000
Glynna K ChristianChair of the Board-$10,000-$10,000
Grace TorresBoard Member-$10,000-$10,000
Lisa AnastosBoard Member-$10,000-$10,000
Sheldon L SchreibergBoard Member-$10,000-$10,000
Adam WeersBoard Member-$7,500-$7,500

Board Members and Trustees

NameTitle
Patricia Diaz DennisBoard Member
Ralph F Boyd JrBoard Member
Robert H AbramsBoard Member
Sarah E FeinbergBoard Member
Thomas a CarrBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Legacy Real Estate Development LLCReal Estate Developer445 HAMILTON AVE SUITE 1102, White Plains, NY 10601$550,000
Commercial Group LLCComprehensive Construction Services7464 NEW RIDGE ROAD STE 5, Hanover, MD 21076$500,000
Smith & Company Architects INCArchitects720 NORTH POST OAK RD SUITE 124, Houston, TX 77024$217,445
Cohn ReznickAdvisory, Assurance & Tax ServicesPO BOX 1699, Albany, NY 12201-1699$197,490
West River Self-help Investment Plan LlCommunity Based Investment Group1324 CHAPEL STREET, New Haven, CT 06511$175,000
Revenue and Support

Revenue Composition

Contributions and Grants
$9,041,858
Program Service Revenue
$24,419,847
Investment Income
$2,485,312
Other Revenue
$0
All Other Contributions
$2,898,605
Change in Net Assets
$-18,192,794
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$38,068,815
Salaries, Compensation, and Employee Benefits$14,929,953
Grants and Similar Amounts Paid$1,141,043
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$8,924,279$4,792,964-$13,717,243
Other Salaries and Wages$5,693,290$2,079,804-$7,773,094
Current Officers, Directors, Trustees, and Key Employees$3,750,472$1,370,077-$5,120,549
Depreciation Depletion$3,829,364$8,687-$3,838,051
Occupancy$2,089,393--$2,089,393
All Other Expenses$1,647,820--$1,647,820
Fees for Services Management$136,157$1,297,651-$1,433,808
Other Employee Benefits$888,809$324,689-$1,213,498
Grants to Domestic Orgs$1,141,043--$1,141,043
Other Expenses$1,075,001$5,287,088-$1,075,001
Payroll Taxes$578,829$211,451-$790,280
Payment Travel Entrtnmnt Publicly Ofcl-$752,690-$752,690
Fees for Services Other$203,560$266,012-$469,572
Insurance$217,887$184,047-$401,934
Advertising-$391,124-$391,124
Fees for Services Legal$240,397--$240,397
Fees for Services Accounting$59,654$159,540-$219,194
Pension Plan Contributions$23,828$8,704-$32,532
Total Functional Expenses$37,005,283$17,134,528$0$54,139,811
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Operation Pathways IncWashington, DC501(c)(3)General Support$1,108,642
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
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right-of-use Asset Liability$4,110,125
Due to Affiliates$2,683,174
Other Liabilities$2,364,674
Tenant Security Deposits$264,479
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The board delegates the review of the form 990 to the audit committee of the foundation. The audit committee reviews the 990 with the cfo. The form 990 is prepared by nhpf's independent auditors based on audited financial statements. A complete copy of the form 990 is made available to the full board before filing.

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

The cfo and chairman of the audit committee will review the compliance with policies at least annually by directors, officers and key employees.

Form 990, Part VI, Section B, Line 15

The compensation committee reviews and the full board approves president/ceo and senior management compensation and bonus arrangements. A written record of committee actions is maintained.

Form 990, Part VI, Section C, Line 19

These documents are available upon request.

Filing and Contact Details

Filer

Filer Name
The Nhp Foundation
EIN
52-1636004
Phone
6463364940
Address
122 EAST 42ND STREET SUITE 4900, NEW YORK, NY 10168

Signing Officer

Name
Alla Eleon
Title
SVP, CAO, & Treasurer
Phone
6463364940
Signed
2025-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alla Eleon
Formed
1989
Legal Domicile
Dc
Voting Board Members
12
Independent Board Members
12
Employees
70
Volunteers
12

Preparer

Firm
Cohnreznick Advisory LLC
Address
7501 WISCONSIN AVENUE SUITE 400E, BETHESDA, MD 20814
Preparer
Zachary Segal
Phone
3016529100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Prior period adjustment 26,540,112.

Financial Statement Notes

PART X, LINE 2:

Nhpf and its nonprofit affiliated entities have applied for and received determination letters from the internal revenue service ("irs") to be treated as tax-exempt entities pursuant to section 501(c)(3) of the internal revenue code and did not have any unrelated business income for the years ended december 31, 2024 and 2023. Due to their tax-exempt status, nhpf and its nonprofit affiliated entities are not subject to income taxes. Nhpf and its nonprofit affiliated entities are required to file and do file tax returns with the irs and other taxing authorities. Accordingly, these consolidated financial statements do not reflect a provision for income taxes and nhpf and its nonprofit affiliated entities have no other tax positions which must be considered for disclosure. Tax returns filed by nhpf and its nonprofit affiliated entities are subject to examination by the irs for a period of three years. While no tax returns are currently being examined by the irs, tax years since 2021 remain open.

Raw XML AppendixShowing 400 of 3,891 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/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR OF THE BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIR OF THE BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8CEO & BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13SVP, CAO, & TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt14VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt15VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt16PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt17SENIOR VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt18VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt19SENIOR VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt20SVP & CORPORATE SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt21VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt22SENIOR VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt23EVP & CIO
IRS990/Form990PartVIISectionAGrp/TitleTxt24CHIEF ADMINISTRATIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt25SENIOR VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt26VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt27SENIOR VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt28VICE PRESIDENT, ASSET MGMT
IRS990/Form990PartVIISectionAGrp/TitleTxt29SVP, ACQUISITIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt30SVP, ACQUISITIONS/PROSPECT
IRS990/Form990PartVIISectionAGrp/TitleTxt31SVP, SENIOR PROJECT MANAGER
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