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National Foundation For Affordable Housing Solutions Inc

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

EIN: 521665967 ✦ North bethesda, MD ✦ Designated as a 501(c)(3)

Overview

What is National Foundation For Affordable Housing Solutions Inc?

The National Foundation For Affordable Housing Solutions Inc, based in North Bethesda, Maryland, is a dedicated nonprofit organization focused on preserving the nation's existing stock of affordable rental housing. With a team of 24 employees, the foundation aims to provide better access to decent, safe, and well-managed affordable housing and community programs for underserved populations. They engage with industry leaders, develop financial models, and create various position remarks. Additionally, they facilitate non-profit ownership of affordable housing and establish 509(A)(3) organizations to acquire affordable low-income housing. Through these efforts, the National Foundation For Affordable Housing Solutions Inc is committed to ensuring that individuals in need have access to affordable housing solutions and essential services.


Official website here: www.foundationhousing.com/

Is National Foundation For Affordable Housing Solutions Inc legitimate?

National Foundation For Affordable Housing Solutions Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Foundation For Affordable Housing Solutions Inc 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 tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,529,899

For more financial information, click here


Official website here: www.foundationhousing.com/

What is the mission statement of National Foundation For Affordable Housing Solutions Inc?

The National Foundation For Affordable Housing Solutions Inc is committed to preserving the nation's existing assisted rental housing stock and providing the underserved population with better access to decent, safe, and well-managed affordable housing and community programs and services. The foundation is dedicated to this mission and takes various approaches to achieve it, including speaking with industry leaders, creating financial models, and preparing position remarks. Additionally, it facilitates non-profit ownership of affordable housing and creates 509(A)(3) organizations to acquire low-income housing.


Official website here: www.foundationhousing.com/

Who is the CEO of National Foundation For Affordable Housing Solutions Inc?

Todd Travis is the Director of National Foundation For Affordable Housing Solutions Inc. The CEO's salary of National Foundation For Affordable Housing Solutions Inc is $332,215 and their total compensation is $332,215.


Official website here: www.foundationhousing.com/

What is the revenue of National Foundation For Affordable Housing Solutions Inc?

National Foundation For Affordable Housing Solutions Inc's revenue in 2021 was $53,198,670.


Official website here: www.foundationhousing.com/

Who are the executives of National Foundation For Affordable Housing Solutions Inc and what are their salaries?

The average compensation at National Foundation For Affordable Housing Solutions Inc during 2021 was $105,412. There are 24 employees at National Foundation For Affordable Housing Solutions Inc.

Here are 9 key members and their salaries (National Foundation For Affordable Housing Solutions Inc's CEO's salary is $332,215 and their total compensation is $332,215):

    Jason Goldblatt (Ceo And Chairman) [Trustee/Director]
  • Compensation: $332,215
  • Related: $0
  • Other: $0

    • Todd Travis (President And Coo)
  • Compensation: $289,000
  • Related: $0
  • Other: $0

    • Janet Charlton (Vice President)
  • Compensation: $267,000
  • Related: $0
  • Other: $0

    • Randall Kelly (Vp And General Counsel)
  • Compensation: $250,900
  • Related: $0
  • Other: $0

    • Gregory O'Dell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bernard Beal (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Weller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jon Shiffman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Benjamin M Soto (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.foundationhousing.com/

    Where can I find the form 990 for National Foundation For Affordable Housing Solutions Inc?

    The National Foundation For Affordable Housing Solutions Inc’s most recent form 990 was submitted in 2021 and can be accessed here


    Official website here: www.foundationhousing.com/

    Learn more at the official website: www.foundationhousing.com/

    Mission Statement of National Foundation For Affordable Housing Solutions Inc

    The National Foundation for Affordable Housing Solutions Inc is a dedicated organization that focuses on preserving the existing stock of assisted rental housing in the country. With a commitment to serving the underserved population, the Foundation strives to provide better access to decent, safe, and well-managed affordable housing and community programs and services.

    To accomplish its mission, the National Foundation for Affordable Housing Solutions Inc explores various approaches to preserve the nation's supply of adequate affordable housing. The organization engages in conversations with industry leaders and creates financial models to facilitate the acquisition and management of affordable housing properties. In addition to these efforts, the Foundation facilitates non-profit ownership of affordable housing units and establishes 509(A)(3) organizations to acquire and manage low-income housing.

    By acting as a catalyst for affordable housing solutions, the National Foundation for Affordable Housing Solutions Inc plays a vital role in addressing the housing needs of communities across the country. Through its research, advocacy, and innovative approaches, the organization continues to make a positive impact on the lives of those who struggle to access affordable housing. The Foundation's unwavering dedication to this cause ensures that it remains at the forefront of efforts to preserve and expand the nation's affordable housing supply.

    Impact

    This information is meant to be a general summary of National Foundation For Affordable Housing Solutions Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    National Foundation For Affordable Housing Solutions Inc's impact is focused on preserving the nation's existing assisted rental housing stock and providing the underserved population with better access to decent, safe, and well-managed affordable housing and community programs and services. The organization conducts research on various approaches to preserve adequate affordable housing, engages with industry leaders, creates financial models, prepares position remarks, facilitates nonprofit ownership of affordable housing, and establishes 509(a)(3) organizations that acquire affordable low-income housing. Through these efforts, the foundation plays a vital role in addressing the critical issue of affordable housing and working towards improving living conditions for individuals in need.





    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 2021.

  • Investment Income: $1,934,756
  • Program Service Revenue: $7,030,417
  • Gross Receipts: $53,198,670

    • Assets and Liabilities:
  • Total Assets: $263,616,606
  • Total Liabilities: $81,366,888
  • Net Assets: $182,249,718
  • Programs

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

    SUPPORTING ORGAN FEE INCOME

    Revenue

    $5,294,657

    INTEREST NOTE RECEIVABLE

    Revenue

    $1,599,280

    OTHER REVENUE

    Revenue

    $124,466

    OTHER INTEREST

    Revenue

    $12,014

    Organization Details

    Founding Year

    1990

    Principal Officer

    Todd Travis

    Main Address

    11810 GRAND PARK AVENUE SUITE 600, NORTH BETHESDA, MD, 20852

    NTEE Category

    Code: L80 - Housing

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