Neighborhood Assistance Corporation Of America

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 043244616 ✦ Boston, MA ✦ Designated as a 501(c)(4)

Overview

What is Neighborhood Assistance Corporation Of America?

The Neighborhood Assistance Corporation of America (NACA) is a Boston, Massachusetts-based nonprofit organization dedicated to stabilizing communities by promoting affordable homeownership and advocating for economic justice. NACA primarily focuses on helping low and moderate-income individuals and those purchasing homes in low and moderate-income areas. They achieve this through education, mortgage assistance, mortgage origination, and access to affordable mortgages. Additionally, NACA assists homeowners with unaffordable mortgages and advocates for neighborhood stabilization and fair lending practices. Their services extend to all residents in the communities where NACA has a presence. NACA members can access their mortgage products and receive extensive post-purchase assistance to prevent foreclosure. The organization has a national office in Boston and local offices throughout the United States. With a workforce of 544 employees, NACA is committed to making homeownership accessible and providing support for affordable housing and community advocacy.


Official website here: www.naca.com

Is Neighborhood Assistance Corporation Of America legitimate?

Neighborhood Assistance Corporation Of America is a legitimate nonprofit organization registered as a 501(c)(4) entity. Neighborhood Assistance Corporation Of America submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $346,141
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,006,897

For more financial information, click here


Official website here: www.naca.com

What is the mission statement of Neighborhood Assistance Corporation Of America?

The Neighborhood Assistance Corporation of America (NACA) is dedicated to stabilizing communities through affordable home ownership and community advocacy. By providing unique home ownership opportunities for primarily low and moderate income individuals and communities, NACA aims to promote stability. This is achieved through education, mortgage assistance, mortgage origination, and affordable mortgage access. NACA not only offers mortgage products to participants but also provides extensive post-purchase assistance to prevent foreclosures. NACA's advocacy efforts address neighborhood stabilization initiatives and oppose predatory and discriminatory lending practices. Additionally, NACA tackles issues of economic justice and financial exploitation affecting primarily low and moderate income individuals and communities. Individuals can join NACA and access these services, with NACA serving residents in various communities throughout the United States.


Official website here: www.naca.com

Who is the CEO of Neighborhood Assistance Corporation Of America?

Bruce Marks is the Pres/Ceo/Dir of Neighborhood Assistance Corporation Of America. The CEO's salary of Neighborhood Assistance Corporation Of America is $234,890 and their total compensation is $254,667.


Official website here: www.naca.com

What is the revenue of Neighborhood Assistance Corporation Of America?

Neighborhood Assistance Corporation Of America's revenue in 2022 was $42,309,808.


Official website here: www.naca.com

Who are the executives of Neighborhood Assistance Corporation Of America and what are their salaries?

The average compensation at Neighborhood Assistance Corporation Of America during 2022 was $19,031. There are 544 employees at Neighborhood Assistance Corporation Of America.

Here are 9 key members and their salaries (Neighborhood Assistance Corporation Of America's CEO's salary is $234,890 and their total compensation is $254,667):

    Bruce Marks (Pres/Ceo/Dir) [Trustee/Director]
  • Compensation: $234,890
  • Related: $0
  • Other: $19,777

    • Scott Nguyen (Software Dev)
  • Compensation: $171,695
  • Related: $0
  • Other: $23,785

    • Erick Exum (Mortgage Dep)
  • Compensation: $150,010
  • Related: $0
  • Other: $23,234

    • Guadalupe Soria (Dir. Of Ment)
  • Compensation: $140,457
  • Related: $0
  • Other: $19,217

    • Diego Luque (Operations M)
  • Compensation: $131,175
  • Related: $0
  • Other: $20,857

    • Marissa Landrau-Pirazzi (Clerk)
  • Compensation: $111,251
  • Related: $0
  • Other: $0

    • Douglas Fierberg (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Glynn Lloyd (Treas./Direc) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Linda Moten (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.naca.com

    Where can I find the form 990 for Neighborhood Assistance Corporation Of America?

    The Neighborhood Assistance Corporation Of America’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.naca.com

    Learn more at the official website: www.naca.com

    Mission Statement of Neighborhood Assistance Corporation Of America

    Neighborhood Assistance Corporation of America, or NACA, is a mission-driven organization dedicated to stabilizing communities by facilitating affordable homeownership and advocating for the rights of primarily low and moderate-income individuals and communities. NACA's primary objective is to provide unprecedented homeownership opportunities through education, mortgage assistance, and mortgage origination, in combination with access to affordable mortgages.

    The organization's work extends beyond homeownership, as it also assists homeowners with unaffordable mortgages and advocates for neighborhood stabilization initiatives. NACA's advocacy efforts are focused on opposing predatory and discriminatory lending practices and addressing other economic justice and financial exploitation issues that primarily affect low and moderate-income individuals and communities. NACA's services are accessible to all residents in the areas where NACA has a presence or provides services.

    NACA's members can access the mortgage product offered by NACA and receive additional post-purchase assistance to prevent foreclosure on their homes. NACA's advocacy goes beyond homeownership and encompasses a broader mission to ensure economic justice and fairness for all. The organization's national office is based in Boston, Massachusetts, with local offices serving individuals and communities throughout the United States.

    Impact

    This information is meant to be a general summary of Neighborhood Assistance Corporation Of America. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Neighborhood Assistance Corporation Of America's impact lies in its efforts to stabilize communities through affordable homeownership and community advocacy. By providing unprecedented homeownership opportunities for primarily low and moderate-income individuals and those purchasing in low and moderate-income communities, NACA plays a crucial role in promoting economic justice and financial empowerment. Through education, mortgage assistance, and mortgage origination, in combination with access to affordable mortgages, NACA ensures that more people have the chance to achieve their dream of owning a home. Additionally, NACA's advocacy work includes initiatives to oppose predatory and discriminatory lending practices, further contributing to neighborhood stabilization and economic fairness. Participants can access NACA's mortgage products and receive post-purchase assistance to prevent the foreclosure of their homes, highlighting the organization's commitment to long-term support for homeowners. With its national office based in Boston, Massachusetts, NACA serves individuals and communities across the United States, making its impact felt far and wide.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,043,587
  • Program Service Revenue: $40,266,221
  • Gross Receipts: $57,009,733

    • Assets and Liabilities:
  • Total Assets: $273,299,934
  • Total Liabilities: $63,623,748
  • Net Assets: $209,676,186
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    MORTGAGE PERFORMANCE FEES

    Revenue

    $22,499,180

    BROKERAGE REVENUE

    Revenue

    $14,706,288

    MEMBER FEES

    Revenue

    $1,478,132

    OTHER INCOME

    Revenue

    $1,039,204

    REHAB INCOME

    Revenue

    $435,667

    Organization Details

    Founding Year

    1994

    Principal Officer

    Bruce Marks

    Main Address

    225 CENTRE ST SUITE 100, BOSTON, MA, 02119

    NTEE Category

    Code: L80 - Housing

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