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← NATIONAL HOUSING ENDOWMENT A NONPROFIT CORPORATION

Form 990 for tax year 2023

Filed by NATIONAL HOUSING ENDOWMENT A NONPROFIT CORPORATION.

Totals

Total revenue
$908,311
Total expenses
$1,649,296
Contributions and grants received
$457,438
Grants paid
$939,973
Program service revenue
$0
Investment income
$450,873
Other revenue
$0
Total assets, end of year
$32,648,786
Total liabilities, end of year
$436,210
Net assets or fund balances, end of year
$32,212,576
Program services expenses (Part IX)
$1,097,624
Management and general expenses
$259,901
Fundraising expenses
$291,771
Program service expenses (Part III)
$1,097,624

Program services were 66.6% 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.

  • 1d · Related organizations

    $90,000

  • 1f · All other contributions, gifts and grants

    $367,438

  • 3 · Investment income

    total $747,616 · excluded $747,616

  • 7a · Gross sales of assets other than inventory

    securities $7,551,348

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

    securities $7,848,091

  • 7c · Gain or loss

    securities -$296,743

  • 7d · Net gain or loss

    total -$296,743 · excluded -$296,743

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $740,179 · program services $740,179

  • 2 · Grants to domestic individuals

    total $199,794 · program services $199,794

  • 5 · Compensation of officers, directors and key employees

    total $330,459 · program services $66,092 · management and general $49,569 · fundraising $214,798

  • 7 · Other salaries and wages

    total $147,541 · program services $59,845 · management and general $47,163 · fundraising $40,533

  • 8 · Pension plan contributions

    total $4,337 · program services $2,407 · management and general $1,930

  • 9 · Other employee benefits

    total $25,665 · program services $9,350 · management and general $7,330 · fundraising $8,985

  • 10 · Payroll taxes

    total $26,954 · program services $7,306 · management and general $5,624 · fundraising $14,024

  • 11c · Fees: accounting

    total $23,901 · management and general $23,901

  • 11f · Fees: investment management

    total $104,933 · management and general $104,933

  • 13 · Office expenses

    total $25,433 · program services $7,367 · management and general $14,779 · fundraising $3,287

  • 17 · Travel

    total $10,445 · program services $2,831 · management and general $2,179 · fundraising $5,435

  • 19 · Conferences, conventions and meetings

    total $9,050 · program services $2,453 · management and general $1,888 · fundraising $4,709

  • 23 · Insurance

    total $605 · management and general $605

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $988,113 · end of year $417,733

  • 2 · Savings and temporary cash investments

    beginning of year $3,522,451 · end of year $1,043,466

  • 3 · Pledges and grants receivable

    beginning of year $374,553 · end of year $465,508

  • 4 · Accounts receivable

    beginning of year $600 · end of year $97

  • 11 · Investments: publicly traded securities

    beginning of year $18,607,026 · end of year $24,039,705

  • 12 · Investments: other securities

    beginning of year $6,285,597 · end of year $6,682,277

  • 15 · Other assets

    beginning of year $62,500 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $361,754 · end of year $123,373

  • 18 · Grants payable

    beginning of year $46,514 · end of year $283,409

  • 22 · Loans and payables to officers and key people

    beginning of year $15,410 · end of year $29,428

  • 27 · Net assets without donor restrictions

    beginning of year $21,782,806 · end of year $24,270,550

  • 28 · Net assets with donor restrictions

    beginning of year $7,634,356 · end of year $7,942,026

Mission and programs · 2023

Mission

THE NATIONAL HOUSING ENDOWMENT WILL HELP ADDRESS THE CHALLENGES OF THE HOME BUILDING INDUSTRY, ENHANCE THE WAYS WE EDUCATE AND TRAIN FUTURE GENERATIONS OF LEADERS IN RESIDENTIAL CONSTRUCTION AND INCREASE THE BODY OF KNOWLEDGE ON HOUSING ISSUES. WE WILL DO SO BY SUPPORTING INNOVATIVE AND EFFECTIVE PROGRAMS THAT FURTHER EDUCATION, TRAINING, RESEARCH AND WORKFORCE DEVELOPMENT. THE CORNERSTONE OF OUR EDUCATION PROGRAM IS THE UNPRECEDENTED HOMEBUILDING EDUCATION LEADERSHIP PROGRAM (H.E.L.P.). THE ENDOWMENT IS AWARDING MAJOR GRANTS TO COLLEGES AND UNIVERSITIES ACROSS THE COUNTRY, AND WORKING TO HELP THEM CREATE, EXPAND OR REFOCUS EXISTING RESIDENTIAL CONSTRUCTION MANAGEMENT PROGRAMS.

Activities or mission (Part I)

THE NATIONAL HOUSING ENDOWMENT, THE PHILANTHROPIC ARM OF THE NATIONAL ASSOCIATION OF HOME BUILDERS (NAHB), IS A 501(C)3 NON-PROFIT ORGANIZATION DEDICATED TO HELPING ADDRESS THE CHALLENGES OF THE HOME BUILDING INDUSTRY, ENHANCING EDUCATION AND TRAINING FOR FUTURE GENERATIONS OF LEADERS IN RESIDENTIAL CONSTRUCTION, AND INCREASING THE BODY OF KNOWLEDGE ON HOUSING ISSUES. IT DOES SO BY SUPPORTING INNOVATIVE AND EFFECTIVE PROGRAMS THAT FURTHER EDUCATION, TRAINING, RESEARCH AND WORKFORCE DEVELOPMENT IN THE RESIDENTIAL CONSTRUCTION INDUSTRY.

  • GRANTS TO SUPPORT EDUCATION, RESEARCH, MANPOWER TRAINING, AND RECRUITMENT OF THE BEST AND BRIGHTEST STUDENTS FOR THE HOUSING INDUSTRY. - SKILLED LABOR FUND MATCHING FUNDS: PROVIDING MATCHING FUNDS FOR CORPORATE CONTRIBUTIONS- IBS STUDENT TRAVEL SCHOLARSHIPS: FINANCIAL ASSISTANCE FOR STUDENTTRAVEL TO BUILDERS SHOW - NAHB STUDENT CHAPTER NETWORKING: SUPPORT STUDENT NETWORKING EVENTS AT BUILDERS SHOW- NAHB SAFETY VIDEOS: FINANCIAL ASSISTANCE FOR DEVELOPMENT OF JOBSITE SAFETY VIDEOS BY NAHB- PROFESSOR (HELP) SYMPOSIUM: SUPPORT OF UNIVERSITY FACULTY TRAVEL TO WASHINGTON DC TO MEET WITH NAHB DEPARTMENTS- HARVARD STATE OF THE NATION'S HOUSING REPORT: SUPPORT OF ANNUAL REPORT ON THE STATE OF AMERICAN HOUSING.- STUDENT SYMPOSIUM: SUPPORT OF UNIVERSITY STUDENTS TRAVEL TO WASHINGTON DC TO MEET WITH NAHB DEPARTMENTS- ACCE SUPPORT: FUNDING OF A SCHOLARSHIP MANAGED BY THE AMERICAN COUNCIL FOR CONSTRUCTION EDUCATION- HERB KOHLER LEADERSHIP AWARD: AWARD FOR THE OUTSTANDING LEADER FROM NAHB STUDENT CHAPTERS

    Expenses $1,097,624 · Grants $939,973

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Al Scott

    CHAIR

    Total calculated
    $0
    Hours/week
    0.1

  • Steve Nellis

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    0.1

  • Gregory Ugalde

    TREASURER

    Total calculated
    $0
    Hours/week
    0.1

  • Patsy Smith

    SECRETARY, LIFE TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Ted Mahoney

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.1

  • Robert Camp

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Steve Cates

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Andrew Chaban

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Kent Colton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • C Kent Conine

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • F Gary Garczynski

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • David Heller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Rick Judson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Kevin Kelly

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Karen Koelemij

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Laura Kohler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Justin MacDonald

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Robert Mitchell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Robert Nielsen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Gregory Peek

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Larry Swank

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Mark Tipton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Scott Wentz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Dave Wilson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Roger Glunt

    EMERITUS TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Ken Klein

    EMERITUS TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Fred Napolitano

    EMERITUS TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Dale Stuard

    EMERITUS TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Thomas Thompson

    EMERITUS TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Timothy Eller

    LIFE TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • James Knuppe

    LIFE TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Harvey Meyerhoff

    LIFE TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Lewis Ranieri

    LIFE TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Stephen Rosenberg

    LIFE TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Steven Schottenstein

    LIFE TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Robert Schottenstein

    LIFE TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Mark Pursell

    PRESIDENT & CEO

    Total calculated
    $330,458
    From this org
    $277,274
    From related orgs
    $0
    Other
    $53,184
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $260,690
    Bonus
    $15,000
    Other
    $1,584
    Deferred
    $19,500
    Nontaxable benefits
    $33,684
    Filer's total
    $330,458

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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

The 10 largest by cash amount. The API serves every itemized grant.

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 corporations and trusts

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

  • HOME INNOVATION RESEARCH LABS INC

    C · RESEARCH · MD

Provenance

Return type
form_990
Tax year
2023
Filed
10 May 2024
IRS schema version
2023v5.0
Source object
202441349349307424

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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