NEVADA AFFORDABLE HOUSING ASSISTAN… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $33,300,336 Revenue: $230,387

UNEMPLOYMENT MORTGAGE ASSISTANCE PROGRAM (UMA)- PROVIDES TEMPORARY FINANCIAL ASSISTANCE TO ELIGIBLE NEVADA HOMEOWNERS WHO WISH TO REMAIN IN THEIR HOMES BUT HAVE SUFFERED A LOSS OF INCOME DUE TO...

UNEMPLOYMENT MORTGAGE ASSISTANCE PROGRAM (UMA)- PROVIDES TEMPORARY FINANCIAL ASSISTANCE TO ELIGIBLE NEVADA HOMEOWNERS WHO WISH TO REMAIN IN THEIR HOMES BUT HAVE SUFFERED A LOSS OF INCOME DUE TO UNEMPLOYMENT OR UNDEREMPLOYMENT. AT LEAST ONE HOMEOWNER MUST HAVE EXPERIENCED INVOLUNTARY JOB LOSS DUE TO THE PANDEMIC THAT OCCURRED ON OR AFTER JANUARY 21, 2020 AND MUST BE UNEMPLOYED AT TIME OF THE APPLICATION REVIEW. THE PROGRAM WILL ASSIST THE HOUSEHOLD WITH UP TO TWELVE (12) MONTHS OF FORWARD PAYMENTS UNTIL THE HOMEOWNER REGAINS EMPLOYMENT. THE ASSISTANCE WILL ALSO INCLUDE REINSTATEMENT OF THE DELINQUENT FIRST MORTGAGE LOAN, NONESCROWED TAXES, HOA FEES, LOT RENT, AND HOMEOWNERS INSURANCE. MORTGAGE REINSTATEMENT ASSISTANCE PROGRAM (MRAP)- PROVIDES REINSTATEMENT ASSISTANCE TO QUALIFIED ELIGIBLE NEVADA HOMEOWNERS IN DEFAULT WHO HAVE EXPERIENCE A FINANCIAL HARDSHIP DUE TO THE PANDEMIC ON OR AFTER JANUARY 21, 2020. QUALIFIED HOMEOWNERS WILL RECEIVE ASSISTANCE WITH REINSTATEMENT OF THE HOMEOWNER'S MORTGAGE AND WILL INCLUDE ANY HOUSEHOLD RELATED EXPENSES SUCH AS PROPERTY TAXES, HOMEOWNER'S INSURANCE, HOA FEES, AND LOT RENT. PARTIAL CLAIM OR DEFERRED BALANCE PROGRAM - PROVIDES ASSISTANCE TO NEVADA HOMEOWNERS THAT RECEIVED A COVID-RELATED PARTIAL CLAIM OR DEFERMENT FROM THEIR MORTGAGE SERVICER THAT OCCURED ON OR AFTER JANUARY 21, 2020.

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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%)

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$163,179

Total Directors

Key Employees

Highest Compensated

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

NEVADA AFFORDABLE HOUSING ASSISTANCE CORPORATION