Nht Communities
- Assets
- $154.3m
- Revenue
- $20.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 11/1999
- Data as of
- 12/2021
- EIN
- 31-1662007
Organization Overview
Nht Communities is located in Washington, DC. The organization was established in 1999. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nht Communities is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Nht Communities generated $20.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $16.8m during the year ending 12/2021. While expenses have increased by 17.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
NHT COMMUNITIES IS A 501(C)(3) NON-PROFIT AFFORDABLE HOUSING DEVELOPMENT COMPANY BASED IN WASHINGTON, DC WHOSE MISSION IS TO PRESERVE, IMPROVE AND DEVELOP AFFORDABLE, MULTIFAMILY HOUSING FOR NHT COMMUNITIES. THERE ARE FOUR CRITICAL ELEMENTS THAT MUST BE INCLUDED IN EVERY PRESERVATION OR DEVELOPMENT EFFORT, AS FOLLOWS: 1) SECURING LONG-TERM AFFORDABILITY, 2) DEVELOPING SOUND BUILDINGS, OR ADDRESSING EXISTING PHYSICAL AND CAPITAL NEEDS, 3) INCORPORATING SUSTAINABLE/GREEN BUILDING PRACTICES, AND 4) MAINTAINING OR INCORPORATING RESIDENT SERVICES AND COMMUNITY PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Priya Jayachandran President | OfficerTrustee | 13.2 | $282,238 |
Angela Bruno Treasurer | OfficerTrustee | 13.2 | $224,775 |
Tracy Kaufman Secretary | OfficerTrustee | 13.2 | $211,407 |
Kevin White Vice President | Officer | 40 | $187,337 |
Amina Pookrum Secretary | Officer | 40 | $51,019 |
Mary Tingerthal Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ibf Development Llc Consulting | 6/29/15 | $220,415 |
National Housing Trust Consulting | 6/29/15 | $2,456,786 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $804,307 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $804,307 |
| Total Program Service Revenue | $14,194,484 |
| Investment income | $162,036 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,726,994 |
| Net Gain/Loss on Asset Sales | $2,986,012 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,911,703 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $468,636 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,013 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,556,908 |
| Advertising and promotion | $0 |
| Office expenses | $3,181,734 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,644,129 |
| Travel | $5,295 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,590 |
| Interest | $3,299,726 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,589,291 |
| Insurance | $959,824 |
| All other expenses | $62,554 |
| Total functional expenses | $16,780,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,116,968 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $142,941 |
| Accounts receivable, net | $1,758,052 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $20,750,355 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $347,585 |
| Net Land, buildings, and equipment | $78,574,297 |
| Investments—publicly traded securities | $1,660,763 |
| Investments—other securities | $0 |
| Investments—program-related | $6,554,532 |
| Intangible assets | $0 |
| Other assets | $40,400,807 |
| Total assets | $154,306,300 |
| Accounts payable and accrued expenses | $8,723,653 |
| Grants payable | $0 |
| Deferred revenue | $4,930,916 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $104,457,902 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,499,545 |
| Total liabilities | $126,612,016 |
| Net assets without donor restrictions | $27,242,067 |
| Net assets with donor restrictions | $452,217 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $154,306,300 |
Grants Awarded
Over the last fiscal year, Nht Communities has awarded $70,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Brooklyn, NY PURPOSE: Support the development of solar systems on Riseboro properties | $40,000 |
Silver Spring, MD PURPOSE: Support the development of solar systems on CPDC properties | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Nht Communities has recieved totaling $140,881.
| Awarding Organization | Amount |
|---|---|
Greater Washington Community Foundation Washington, DC PURPOSE: GENERAL SUPPORT | $80,881 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $50,000 |
Enterprise Community Partners Inc Columbia, MD PURPOSE: ACQUISITION AND REHAB OF AFFORDABLE HOUSING | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arundel Community Development Services Inc Annapolis, MD | $42,935,600 | $33,111,572 |
Nht Communities Washington, DC | $154,306,300 | $20,911,703 |
Project Plase Inc Baltimore, MD | $6,563,951 | $8,999,720 |
Ebed Community Improvement Inc Upper Marlboro, MD | $8,136,869 | $7,675,137 |
Lewinsville Retirement Residence McLean, VA | $23,915,511 | $4,142,115 |
Patricia And Mark Joseph Shelter Foundation Inc Baltimore, MD | $50,852,875 | $6,368,087 |
Affordable Housing Opportunities Inc Washington, DC | $42,188,796 | $3,175,376 |
Terrific Inc Washington, DC | $2,887,990 | $4,125,809 |
Dc Doors Washington, DC | $1,166,069 | $3,507,124 |
American Village Communities Inc Fairfax, VA | $15,020,871 | $7,566,152 |
Vacation Rental Management Association Washington, DC | $1,634,927 | $3,875,723 |
St Marys Roland View Towers Inc Baltimore, MD | $3,678,199 | $3,102,266 |