NEVADA AFFORDABLE HOUSING ASSISTANCE CORPORATION

EIN: 300154421 501(c)(3) Housing & Shelter

LAS VEGAS, NV

Total Revenue
$36,674,235
Total Expenses
$36,456,635
Total Assets
$24,998,675
Net Assets
$3,485,065
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
NV
Principal Officer
VERISE CAMPBELL
Phone
7026756638
Tax Period
2024-07-01 to 2025-06-30

NEVADA AFFORDABLE HOUSING ASSISTANCE CORPORATION, founded in 2003, is a mid-sized nonprofit in the Housing & Shelter sector that reported $36.7M in total revenue in fiscal year 2024.

Mission

THE MISSION OF NAHAC IS TO PROVIDE FUNDS, SUBSIDIES, AND/OR BENEFITS TO NEVADA HOMEOWNERS OR OTHER TARGETED GROUPS OF INDIVIDUALS WITHIN THE STATE OF NEVADA IN ORDER TO ASSIST WITH AFFORDABLE OR SUBSIDIZED SINGLE OR MULTI-FAMILY HOUSING. AT A MINIMUM, THIS WILL ENCOMPASS CONSISTENTLY DETERMINING WHAT THE SPECIFIC NEEDS OF NEVADA HOMEOWNERS ARE, AND ANY OTHER APPLICABLE NEEDS OF THE INDIVIDUAL COMMUNITIES THEREIN. LIAISONS WITH PUBLIC AND PRIVATE PARTNERS, AS APPLICABLE, WILL BE CONSISTENTLY SOUGHT TO ACHIEVE THIS OVERARCHING OBJECTIVE. THE NAHAC QUALIFIED AND TRAINED TEAM OF PROFESSIONALS WILL PROVIDE THIS SERVICE IN AN EFFICIENT AND EFFECTIVE MANNER, MAKING THE NEEDS OF ELIGIBLE NEVADA HOMEOWNERS ITS TOP DAILY PRIORITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $36,353,907
Program Service Revenue $230,387
Investment Income $89,941
Other Revenue $0
TOTAL REVENUE $36,674,235

Expense Breakdown

Grants Paid $33,300,336
Salaries & Benefits $899,072
Fundraising Expenses $0
Program Expenses $33,300,336
Other Expenses $2,257,227
TOTAL EXPENSES $36,456,635

Year-over-Year Comparison

2024 2023 Change
Revenue $36,674,235 $37,940,575 0.0%
Expenses $36,456,635 $38,725,648 -0.1%
Net Income $217,600 $-785,073 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
11
Volunteers
5

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$163,179
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VERISE CAMPBELL CEO/COO 40.00
Officer
$150,733 $12,446 $163,179
JENEEAH NIA M GIRMA PRESIDENT & 5.00
Officer Director
$0 $0 $0
RANDE JOHNSEN VP & VC 2.00
Officer Director
$0 $0 $0
JIM HASTINGS TREASURER 2.00
Officer Director
$0 $0 $0
CHRISTINE HESS DIRECTOR 2.00
Director
$0 $0 $0
SHARATH CHANDRA DIRECTOR 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $36,674,235 $36,456,635 $24,998,675 $217,600
2024 $37,940,575 $38,725,648 $34,182,433 $-785,073
2023 $28,051,600 $26,923,516 $11,335,049 $1,128,084
2022 $6,637,377 $4,290,629 $11,482,900 $2,346,748
2021 $16,842,595 $16,844,928 $4,533,803 $-2,333
2020 $7,242,748 $7,211,680 $19,835,856 $31,068
2019 $41,785,915 $41,790,028 $5,512,417 $-4,113
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