Nht Communities

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.

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)Compensation
Priya Jayachandran
President
$282,238
Angela Bruno
Treasurer
$224,775
Tracy Kaufman
Secretary
$211,407
Kevin White
Vice President
$187,337
Amina Pookrum
Secretary
$51,019
Ismael Guerrero
Board Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ibf Development Llc
Consulting
$220,415
National Housing Trust
Consulting
$2,456,786
View All Vendors

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

Grants Awarded

Over the last fiscal year, Nht Communities has awarded $70,000 in support to 2 organizations.

Grant RecipientAmount

RIDGEWOOD BUSHWICK SENIOR CITIZENS COUNSEL

Org PageRecipient Profile

Brooklyn, NY

PURPOSE: Support the development of solar systems on Riseboro properties

$40,000

COMMUNITY HOUSING

Org PageRecipient Profile

Silver Spring, MD

PURPOSE: Support the development of solar systems on CPDC properties

$30,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Nht Communities has recieved totaling $140,881.

Awarding OrganizationAmount
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
View Grant Recipient Profile

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