Civic Intelligence

National Foundation for Affordable Housing Solutions Inc.

990 • Fiscal year 2014 • EIN 52-1665967

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 16, 2015

Organization Profilenfahs.org
11200 Rockville Pike 220Rockville, MD 20852

(301) 998-0440

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

38th percentile

0.22x

Higher debt load relative to assets than 38% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

Liabilities / Revenue

82nd percentile

1.69x

Higher debt load relative to revenue than 82% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

Net Margin

92nd percentile

51%

Higher net margin than 92% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

Top Officer Pay

66th percentile

$650,500

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

Asset Growth

94th percentile

33%

Faster asset growth than 94% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2013 to 2014

Revenue Growth

98th percentile

260%

Faster revenue growth than 98% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets38th percentile

Assets

Up

$122,522,983

Up $30,172,239 (+33%) from 2013

Net Assets

Up

$95,961,351

Up $12,838,534 (+15%) from 2013

Liabilities

Up

$26,561,632

Up $17,333,705 (+188%) from 2013

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin92nd percentile

Revenue

Up

$15,700,292

Up $11,340,981 (+260%) from 2013

Expenses

Up

$7,706,308

Up $3,226,160 (+72%) from 2013

Net Income

Up

$7,993,984

Up $8,114,821 (+6716%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400M$300M$200M$100M$0Assets 2010: $60,802,868Liabilities 2010: $4,858,463Net Assets 2010: $55,944,4052010Assets 2011: $72,394,496Liabilities 2011: $5,877,165Net Assets 2011: $66,517,3312011Assets 2012: $83,165,257Liabilities 2012: $1,704,482Net Assets 2012: $81,460,7752012Assets 2013: $92,350,744Liabilities 2013: $9,227,927Net Assets 2013: $83,122,8172013Assets 2014: $122,522,983Liabilities 2014: $26,561,632Net Assets 2014: $95,961,3512014Assets 2015: $145,105,512Liabilities 2015: $22,303,178Net Assets 2015: $122,802,3342015Assets 2016: $174,078,204Liabilities 2016: $24,786,563Net Assets 2016: $149,291,6412016Assets 2017: $211,310,459Liabilities 2017: $39,283,070Net Assets 2017: $172,027,3892017Assets 2018: $180,353,578Liabilities 2018: $61,025,330Net Assets 2018: $119,328,2482018Assets 2019: $196,229,771Liabilities 2019: $60,050,140Net Assets 2019: $136,179,6312019Assets 2020: $241,916,741Liabilities 2020: $101,916,035Net Assets 2020: $140,000,7062020Assets 2021: $263,616,606Liabilities 2021: $81,366,888Net Assets 2021: $182,249,7182021Assets 2022: $310,474,052Liabilities 2022: $69,543,278Net Assets 2022: $240,930,7742022Assets 2023: $272,168,973Liabilities 2023: $3,042,213Net Assets 2023: $269,126,7602023Assets 2024: $274,835,724Liabilities 2024: $3,042,213Net Assets 2024: $271,793,5112024

Highlighted filing

2014

Assets$122,522,983
Liabilities$26,561,632
Net Assets$95,961,351
Open 2014 Filing

Operations Trend

Revenue Growth98th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$80M$60M$40M$20M$0-$20MRevenue 2010: $41,888,969Expenses 2010: $3,792,975Net Income 2010: $38,095,9942010Expenses 2011: $3,504,1592011Expenses 2012: $3,723,6192012Revenue 2013: $4,359,311Expenses 2013: $4,480,148Net Income 2013: -$120,8372013Revenue 2014: $15,700,292Expenses 2014: $7,706,308Net Income 2014: $7,993,9842014Revenue 2015: $30,170,747Expenses 2015: $8,183,859Net Income 2015: $21,986,8882015Revenue 2016: $30,777,426Expenses 2016: $6,990,345Net Income 2016: $23,787,0812016Revenue 2017: $24,574,344Expenses 2017: $6,260,896Net Income 2017: $18,313,4482017Revenue 2018: $19,640,053Expenses 2018: $24,672,577Net Income 2018: -$5,032,5242018Revenue 2019: $35,625,095Expenses 2019: $18,773,712Net Income 2019: $16,851,3832019Revenue 2020: $19,403,648Expenses 2020: $15,582,573Net Income 2020: $3,821,0752020Revenue 2021: $53,198,670Expenses 2021: $10,949,658Net Income 2021: $42,249,0122021Revenue 2022: $72,340,809Expenses 2022: $13,659,753Net Income 2022: $58,681,0562022Revenue 2023: $39,815,929Expenses 2023: $11,619,943Net Income 2023: $28,195,9862023Revenue 2024: $8,352,404Expenses 2024: $5,685,653Net Income 2024: $2,666,7512024

Highlighted filing

2014

Revenue$15,700,292
Expenses$7,706,308
Net Income$7,993,984
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$15,700,292
Mission and Program Overview

Mission

The foundation is dedicated to preserving the nation's existing assisted rental housing stock and is committed to providing the underserved population with solutions and better access to decent, safe and well-managed affordable housing and community programs and services.

THE FOUNDATION IS DEDICATED TO PRESERVING the nations existing ASSISTED RENTAL HOUSING STOCK AND IS COMMITTED TO providing UNDERSERVED POPULATION with solutions and access to housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$42,539,990$54,067,129▲ $11,527,139
Cash and Non-Interest-Bearing Accounts$12,893,002$14,749,979▲ $1,856,977
Accounts Receivable$7,170,878$7,518,094▲ $347,216
Savings and Temporary Cash Investments$2,703,101$2,705,796▲ $2,695
Land, Buildings, and Equipment, Net$235,264$180,014▼ $55,250
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$105,109,900$122,522,983▲ $17,413,083
Other Assets Total$39,567,665$43,301,971▲ $3,734,306
Liabilities
Unsecured Notes Loans Payable$9,156,553$10,528,783▲ $1,372,230
Deferred Revenue$0$9,426,138▲ $9,426,138
Accounts Payable and Accrued Expenses$7,873,205$6,606,711▼ $1,266,494
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$17,029,758$26,561,632▲ $9,531,874
Net Assets / Fund Balance
Unrestricted Net Assets$85,377,041$93,255,555▲ $7,878,514
Temporarily Rstr Net Assets$2,703,101$2,705,796▲ $2,695
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$88,080,142$95,961,351▲ $7,881,209
Total Liabilities and Net Assets / Fund Balance$105,109,900$122,522,983▲ $17,413,083

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$105,342$198,175$303,517
Equipment$74,672$148,480$223,152
Other Assets Org$20,700,802--
Compensation and Service Providers
Top Officer Pay66th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
eliot reidpresident and CEOFT$345,000$305,500$650,500
Denise MuhaDirector-$616,000$34,500$650,500
Todd TravisCFOFT$245,000$204,500$449,500
Bernard BealDirector-$425,000$24,500$449,500
Noah NordheimerSr. VPFT$190,500$199,300$389,800
Rev Msgr William LinderDirector-$370,750$19,050$389,800
Janet CharltonExecutive Vice PresidentFT$240,000$24,000$264,000
Martin C SchwartzbergChairmanFT$240,000$24,000$264,000
Anthony CoelhoDirector-$240,000$24,000$264,000
Jason GoldblattDirector-$240,000$24,000$264,000
Robert WeltchekDirector-$136,700$10,870$147,570
Jay Bermandirector-$116,400$11,140$127,540

Board Members and Trustees

NameTitle
rosann redmoncomptroller
jaymar g josephsenior development manager
richard M charlton IIsenior development manager

Highest Paid Contractors

ContractorServicesLocationCompensation
jenkins restorationTechnical advisory22980 shaw road, Sterling, VA 20166$464,397
running dog architectsarchitecture4208 maples terrace, Chevy Chase, MD 20815$257,548
Green Wall Group LLCtechnical advisory128 School Street, Walpole, MA 02081$225,000
prudential huntoon paige associatesconsulting2100 ross avenue suite 2500, Dallas, TX 75201$188,786
Kaas Wilson ArchitectsArchitecture2104 4th Avenue South, Minneapolis, MN 55404$174,604
Revenue and Support

Revenue Composition

Contributions and Grants
$3,922,361
Program Service Revenue
$11,745,835
Investment Income
$32,096
Other Revenue
$0
Change in Net Assets
$7,993,984
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,205,288
Salaries, Compensation, and Employee Benefits$3,437,920
Grants and Similar Amounts Paid$63,100
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,017,973--$2,017,973
Current Officers, Directors, Trustees, and Key Employees$856,000--$856,000
Interest$705,284--$705,284
Other Employee Benefits$424,660--$424,660
Office Expenses$328,451--$328,451
Occupancy$222,728--$222,728
Other Expenses$207,848$28,504-$207,848
All Other Expenses$194,455--$194,455
Depreciation Depletion$148,864--$148,864
Payroll Taxes$139,287--$139,287
Fees for Services Legal-$68,327-$68,327
Grants to Domestic Orgs$63,100--$63,100
Fees for Services Accounting-$51,332-$51,332
Insurance$28,619--$28,619
Total Functional Expenses$7,326,035$380,273$0$7,706,308
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Casey Cares Foundation IncBaltimore, MD501(c)(3)Assisting critically ill children and families$35,000
Eagle Bank Foundation Co Gold ClassicBethesda, MD501(c)(3)breast cancer research$25,100
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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 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

Part VI, Section B, Line 12C

“AN AFFIRMATIVE SIGNED STATEMENT OF NO CONFLICTS IS REQUIREd and, where applicable, a writtrn disclosure of any know conflict is required. conflicts are disclosed and board members are rucused, as needed, on a transactional basis.”

Part VI, Section B, Line 15B

“THE COMPENSATION COMMITTEE REVIEWs and makes decisitions with a benefit of a third party compensation report.”

Part VI, SECTION C, QUESTION 19

“The organization's governing documents are available during normal business hours upon request.”

Part VI, Section B, Question 11A

“Prior to filing the 990 is vetted by members of the executive committee, and third party legal and acounting personal. final approval is then gived by the chairman of the board his review.”

Filing and Contact Details

Filer

Filer Name
National Foundation for
EIN
52-1665967
In Care Of
% TODD TRAVIS
Phone
3019980440
Address
11200 ROCKVILLE PIKE 220, ROCKVILLE, MD 20852

Signing Officer

Name
Todd Travis
Title
Officer
Phone
3019980401
Signed
2015-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Martin Schwartzberg
Formed
1990
Legal Domicile
Dc
Voting Board Members
7
Independent Board Members
7
Employees
18

Preparer

Firm
Cohnreznick Llp
Address
7501 WISCONSIN AVENUE SUITE 400E, BETHESDA, MD 20814-6583
Preparer
Ed Ryan CPA
Phone
3016529100
Supplemental Narrative

Additional Explanations

Part XI, line 9

“Other Changes in net assets or fund balances - Distributions from wholly-owned subsidiaries of foundation: $3,751,518.”

Financial Statement Notes

fin 48 disclosure

“Income taxes The Foundation has applied for and received a determination letter from the Internal Revenue Service ("IRS") to be treated as a tax exempt entity pursuant to Section 501(c)(3) of the Internal Revenue Code and did not have any unrelated business income for the year ended December 31, 2014. Due to its tax exempt status, the Foundation is not subject to income taxes. The Foundation is required to file and does file tax returns with the IRS and other taxing authorities. None of the subsidiary entities had unrelated business income for the year ended December 31, 2014. Accordingly, these financial statements do not reflect a provision for income taxes and the Foundation has no other tax positions which must be considered for disclosure. Income tax returns filed by the Foundation are subject to examination by the Internal Revenue Service for a period of three years. While no income tax returns are currently being examined by the Internal Revenue Service, tax years since 2011 remain open.”

Raw XML AppendixShowing 400 of 1,099 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/PersonNm11JANET CHARLTON
IRS990/Form990PartVIISectionAGrp/PersonNm12richard M charlton II
IRS990/Form990PartVIISectionAGrp/PersonNm13jaymar g joseph
IRS990/Form990PartVIISectionAGrp/PersonNm14rosann redmon
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6director
IRS990/Form990PartVIISectionAGrp/TitleTxt7president and ceo
IRS990/Form990PartVIISectionAGrp/TitleTxt8CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt10SR. VP
IRS990/Form990PartVIISectionAGrp/TitleTxt11EXECUTIVE VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12senior development manager
IRS990/Form990PartVIISectionAGrp/TitleTxt13senior development manager
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IRS990/Organization501c3Ind0X
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt128504
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$122,522,983
Liabilities
$26,561,632
Net assets
$95,961,351
Revenue
$15,700,292
Expenses
$7,706,308
Net income
$7,993,984
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$275$3.04$272$8.35$5.69$2.67
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$272$3.04$269$39.8$11.6$28.2
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$310$69.5$241$72.3$13.7$58.7
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$264$81.4$182$53.2$10.9$42.2
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$242$102$140$19.4$15.6$3.82
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$196$60.1$136$35.6$18.8$16.9
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$180$61.0$119$19.6$24.7$5.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$211$39.3$172$24.6$6.26$18.3
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$174$24.8$149$30.8$6.99$23.8
2015Detailed filing. Detailed filing data is available for this year.$145$22.3$123$30.2$8.18$22.0
2014Detailed filing. Detailed filing data is available for this year.$123$26.6$96.0$15.7$7.71$7.99
2013Detailed filing. Detailed filing data is available for this year.$92.4$9.23$83.1$4.36$4.48$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$83.2$1.70$81.5$3.72
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$72.4$5.88$66.5$3.50
2010Summary only. Only limited summary data is available for this year.$60.8$4.86$55.9$41.9$3.79$38.1