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← NATIONAL HOUSING TRUST

Form 990 for tax year 2022

Filed by NATIONAL HOUSING TRUST.

Totals

Total revenue
$2,772,882
Total expenses
$2,008,858
Contributions and grants received
$2,467,459
Grants paid
$100
Program service revenue
$136,040
Investment income
$153,628
Other revenue
$15,755
Total assets, end of year
$7,947,627
Total liabilities, end of year
$1,232,251
Net assets or fund balances, end of year
$6,715,376
Program services expenses (Part IX)
$1,669,635
Management and general expenses
$267,287
Fundraising expenses
$71,936
Program service expenses (Part III)
$1,669,635

Program services were 83.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $2,467,459

  • 2a · Program service revenue: PROGRAM SERVICE FEE

    total $136,040 · related or exempt $136,040

  • 3 · Investment income

    total $58,669 · excluded $58,669

  • 7a · Gross sales of assets other than inventory

    securities $94,959

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $94,959

  • 7d · Net gain or loss

    total $94,959 · excluded $94,959

  • 11d · All other revenue

    total $15,755 · related or exempt $15,755

  • 11e · Other revenue, total

    $15,755

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $100 · program services $100

  • 5 · Compensation of officers, directors and key employees

    total $881,730 · program services $802,371 · management and general $52,906 · fundraising $26,453

  • 7 · Other salaries and wages

    total $190,270 · program services $173,149 · management and general $11,414 · fundraising $5,707

  • 8 · Pension plan contributions

    total $39,088 · program services $35,569 · management and general $2,346 · fundraising $1,173

  • 10 · Payroll taxes

    total $91,429 · program services $83,200 · management and general $5,486 · fundraising $2,743

  • 11b · Fees: legal

    total $10,300 · program services $6,161 · management and general $3,937 · fundraising $202

  • 11c · Fees: accounting

    total $179,330 · program services $107,275 · management and general $68,540 · fundraising $3,515

  • 11g · Fees: other

    total $180,939 · program services $115,342 · management and general $44,867 · fundraising $20,730

  • 12 · Advertising and promotion

    total $11,969 · program services $10,892 · management and general $718 · fundraising $359

  • 13 · Office expenses

    total $77,848 · program services $70,844 · management and general $4,668 · fundraising $2,336

  • 14 · Information technology

    total $60,921 · program services $55,439 · management and general $3,655 · fundraising $1,827

  • 16 · Occupancy

    total $117,316 · program services $105,353 · management and general $8,490 · fundraising $3,473

  • 17 · Travel

    total $38,450 · program services $34,990 · management and general $2,307 · fundraising $1,153

  • 19 · Conferences, conventions and meetings

    total $8,713 · program services $7,929 · management and general $523 · fundraising $261

  • 23 · Insurance

    total $31,057 · management and general $31,057

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $38,879 · program services $23,257 · management and general $14,860 · fundraising $762

  • 24b · Other expenses: SUPPORT SERVICES

    total $26,324 · program services $15,747 · management and general $10,061 · fundraising $516

  • 24c · Other expenses: EQUIPMENT & RENTAL MAIN

    total $24,195 · program services $22,017 · management and general $1,452 · fundraising $726

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,216,996 · end of year $937,952

  • 2 · Savings and temporary cash investments

    beginning of year $2,778,741 · end of year $1,362,090

  • 3 · Pledges and grants receivable

    beginning of year $147,500 · end of year $22,500

  • 4 · Accounts receivable

    beginning of year $672,790 · end of year $3,182,288

  • 9 · Prepaid expenses and deferred charges

    beginning of year $106,177 · end of year $31,829

  • 10a · Land, buildings and equipment: cost or other basis

    $210,598

  • 10b · Land, buildings and equipment: accumulated depreciation

    $199,242

  • 10c · Land, buildings and equipment, net

    beginning of year $61 · end of year $11,356

  • 11 · Investments: publicly traded securities

    beginning of year $901,353 · end of year $1,937,564

  • 15 · Other assets

    beginning of year $236,793 · end of year $462,048

  • 17 · Accounts payable and accrued expenses

    beginning of year $114,152 · end of year $176,455

  • 25 · Other liabilities

    beginning of year $301,829 · end of year $1,055,796

  • 27 · Net assets without donor restrictions

    beginning of year $6,628,294 · end of year $6,715,376

  • 28 · Net assets with donor restrictions

    beginning of year $16,136 · end of year $0

Mission and programs · 2022

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.

Activities or mission (Part I)

SEE SCHEDULE O

  • ENERGY EFFICIENCY: THE NATIONAL HOUSING TRUST IS COMMITTED TO PROMOTING ENERGY EFFICIENCY AND SUSTAINABILITY FOR LOW-INCOME RESIDENTS ACROSS THE COUNTRY. NHT'S UNIQUE APPROACH TO ENERGY EFFICIENCY INCLUDES POLICY ADVOCACY, GREEN LENDING, RENEWABLE ENERGY, AND SUSTAINABLE DEVELOPMENT. IN COMBINATION, THESE STRATEGIES RESULT IN HEALTHIER PLACES FOR LOW-INCOME RESIDENTS TO LIVE, REDUCE OPERATIONAL COSTS, AND RESULT IN RESIDENT SAVINGS AND A CLEANER ENVIRONMENT.

    Expenses $656,250 · Grants $50 · Revenue $75,897

  • ACCESS TO OPPORTUNITY: THE NATIONAL HOUSING TRUST BELIEVES IN A BALANCED APPROACH TO FAIR HOUSING, WHICH PROMOTES ACCESS TO HIGH OPPORTUNITY COMMUNITIES THROUGH MOBILITY, WHILE ENSURING THAT RESIDENTS WHO REMAIN IN NEIGHBORHOODS CURRENTLY EXPERIENCING DISTRESS AND CONCENTRATED POVERTY HAVE ACCESS TO HOUSING RESOURCES AND INVESTMENTS THAT IMPROVE THEIR HOUSING. THIS APPROACH ALLOWS FOR AFFORDABLE HOUSING DEVELOPMENT AND PRESERVATION IN A VARIETY OF AREAS, WHILE ENSURING THAT RESIDENTS HAVE THE RIGHT TO CHOOSE WHERE THEY LIVE. FOR NHT, OPPORTUNITY MEANS GIVING FAMILIES AND ELDERLY RESIDENTS A CHOICE THAT IS BEST FOR THEM. CHOICE MEANS BOTH IMPROVING THE QUALITY OF LIFE FOR RESIDENTS OF LOW-INCOME COMMUNITIES AS WELL AS SUPPORTING MOBILITY TO "HIGH OPPORTUNITY" NEIGHBORHOODS.

    Expenses $656,250 · Grants $50 · Revenue $75,898

  • THE TRUST PROVIDES ASSISTANCE TO GOVERNMENT AGENCIES AND CONGRESSIONAL COMMITTEES AND STAFF IN CONNECTION WITH FEDERAL LEGISLATION AFFECTING THE EXISTING SUPPLY OF AFFORDABLE HOUSING. THE TRUST PROVIDES TECHNICAL ASSISTANCE ON A PRO BONO BASIS TO NON-PROFITS, GOVERNMENT AGENCIES, AND TENANT ASSOCIATIONS SEEKING TO PRESERVE AFFORDABLE LOW-INCOME HOUSING IN A NUMBER OF STATES. IN 8 STATES, THE TRUST ENGAGED UTILITIES, HOUSING FINANCE AGENCIES AND NONPROFIT HOUSING DEVELOPERS TO RECOMMEND THAT UTILITIES PROVIDE A FAIR SHARE OF UTILITY PROGRAM ENERGY RETROFIT FUNDING FOR AFFORDABLE HOUSING OCCUPIED BY LOW INCOME RENTERS.

    Expenses $357,135

  • 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.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • VINCE TOYE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • ADNAN BOKHARI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHRYSTAL KORNEGAY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • ELIZABETH CHANT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ISMAEL GUERRERO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JAMES L LOGUE III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JANE GRAF

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LUCY ARELLANO BAGLIERI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MARILYN MELKONIAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARY TINGERTHAL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • RONALD GRZYWINSKI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • THOMAS DOHRMANN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TRISHA MILLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • YUSEF FREEMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ALICE HAMILTON EVERT

    SECRETARY

    Total calculated
    $111,342
    From this org
    $86,091
    From related orgs
    $0
    Other
    $25,251
    Hours/week
    13 + 27 related

  • STEVEN SPEARS

    TREASURER

    Total calculated
    $37,500
    From this org
    $37,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    10 + 30 related

  • KLADE HARE

    TREASURER

    Total calculated
    $71,639
    From this org
    $54,979
    From related orgs
    $0
    Other
    $16,660
    Hours/week
    4 + 36 related

  • ANGELA BRUNO

    VICE PRESIDENT AND TREASUR

    Total calculated
    $70,363
    From this org
    $60,366
    From related orgs
    $0
    Other
    $9,997
    Hours/week
    16.8 + 23.2 related

  • KEVIN WHITE

    VICE PRESIDENT AND SECRETARY

    Total calculated
    $235,840
    From this org
    $191,303
    From related orgs
    $0
    Other
    $44,537
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $189,770
    Bonus
    $500
    Other
    $1,033
    Deferred
    $11,639
    Nontaxable benefits
    $32,898
    Filer's total
    $235,840

  • PRIYA JAYACHANDRAN

    PRESIDENT

    Total calculated
    $355,046
    From this org
    $288,335
    From related orgs
    $0
    Other
    $66,711
    Hours/week
    18.8 + 21.2 related

    Schedule J breakdown matched by us

    Base
    $286,772
    Bonus
    $500
    Other
    $1,063
    Deferred
    $17,920
    Nontaxable benefits
    $48,791
    Filer's total
    $355,046

  • LAURA ABERNATHY

    SR DIRECTOR OF HOUSING POLICY

    Total calculated
    $175,589
    From this org
    $141,819
    From related orgs
    $0
    Other
    $33,770
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,622
    Bonus
    $500
    Other
    $697
    Deferred
    $7,876
    Nontaxable benefits
    $25,894
    Filer's total
    $175,589

  • ED PAUL

    SR. DIRECTOR OF REAL ESTAT

    Total calculated
    $206,555
    From this org
    $153,281
    From related orgs
    $0
    Other
    $53,274
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,901
    Bonus
    $500
    Other
    $880
    Deferred
    $9,783
    Nontaxable benefits
    $43,491
    Filer's total
    $206,555

  • CAROLYN FISCHER

    DIRECTOR OF REAL ESTATE

    Total calculated
    $179,473
    From this org
    $142,570
    From related orgs
    $0
    Other
    $36,903
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,288
    Bonus
    $500
    Other
    $782
    Deferred
    $8,593
    Nontaxable benefits
    $28,310
    Filer's total
    $179,473

  • JT ENGELHARDT

    DIRECTOR OF REAL ESTATE

    Total calculated
    $164,426
    From this org
    $142,584
    From related orgs
    $0
    Other
    $21,842
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,320
    Bonus
    $500
    Other
    $764
    Deferred
    $8,385
    Nontaxable benefits
    $13,457
    Filer's total
    $164,426

  • TODD NEDWICK

    SR DIRECTOR OF SUSTAINABIL

    Total calculated
    $171,653
    From this org
    $135,509
    From related orgs
    $0
    Other
    $36,144
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,244
    Bonus
    $500
    Other
    $765
    Deferred
    $8,400
    Nontaxable benefits
    $27,744
    Filer's total
    $171,653

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
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.
PART I, LINE 7
BONUS COMPENSATION IS BASED ON SPECIFIED BUDGET BEING ACHIEVED.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202313199349330006

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