NATIONAL ASSOCIATION OF LOCAL HOUSING FINANCE AGENCIES (EIN 521293119) - Form 990 Financial Analysis & Trantor Score

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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

1982

Legal Domicile

Principal Officer

JONATHAN PAINE

Phone

2023671197

Tax Period

2024-01-01 to 2024-12-31

NATIONAL ASSOCIATION OF LOCAL HOUSING FINANCE AGENCIES, founded in 1982, is a small nonprofit that reported $862K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

NALHFA IS THE LEADING LOCAL AFFORDABLE HOUSING ADVOCATE, INFLUENCING THE SHAPE AND CONTENT OF CONGRESSIONAL LEGISLATION AND AGENCY REGULATIONS AFFECTING AFFORDABLE HOUSING FINANCE. AS A NON-PROFIT ASSOCIATION, NALHFA IS AN ADVOCATE BEFORE CONGRESS AND FEDERAL AGENCIES ON LEGISLATIVE AND REGULATORY ISSUES AFFECTING AFFORDABLE HOUSING AND PROVIDES TECHNICAL ASSISTANCE AND EDUCATIONAL OPPORTUNITIES TO ITS MEMBERS AND THE PUBLIC. MEMBERS ARE CITY AND COUNTY AGENCIES, NON-PROFITS, AND PRIVATE FIRMS, SUCH AS UNDERWRITERS, CONSULTANTS, FINANCIAL ADVISERS, BOND COUNSEL, AND RATING AGENCIES, WHICH HELP IN PRODUCING HOUSING FROM CONCEPT TO COMPLETION.

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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 $0

Program Service Revenue $842,491

Investment Income $18,864

Other Revenue $210

TOTAL REVENUE $861,565

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $887,304

TOTAL EXPENSES $887,304

Year-over-Year Comparison

	2024	2023	Change
Revenue	$861,565	$759,709	+0.1%
Expenses	$887,304	$777,859	+0.1%
Net Income	$-25,739	$-18,150	+0.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM SHAW	IMMEDIATE PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
DAWN ARNOLD	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHEREE GULLEY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DAMON BURNS	TREASURER	2.00	Officer Director	$0	$0	$0
CHRISTOPHER DONALD	SECRETARY	2.00	Officer Director	$0	$0	$0
VIVIAN BENJAMIN	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM L BREWER	DIRECTOR	2.00	Director	$0	$0	$0
MURRAY BOESS	DIRECTOR	2.00	Director	$0	$0	$0
MELISSA TAPHORN	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH SELBY	DIRECTOR	2.00	Director	$0	$0	$0
ELLEN DUFFY	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM WILCOX	DIRECTOR	2.00	Director	$0	$0	$0
WD MORRIS	DIRECTOR UNTIL 05/2024	2.00	Director	$0	$0	$0
KATHRYN DRIVER	DIRECTOR AS OF 05/2024	2.00	Director	$0	$0	$0
FRANTZ DUTES	DIRECTOR AS OF 05/2024	2.00	Director	$0	$0	$0
JONATHAN PAINE	EXECUTIVE DIRECTOR	20.00	Officer	$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
2024	$861,565	$887,304	$692,710	$-25,739
2023	$759,709	$777,859	$802,571	$-18,150
2022	$802,029	$763,002	$564,295	$39,027
2021	$550,661	$504,571	$592,040	$46,090

NATIONAL ASSOCIATION OF LOCAL HOUSING FINANCE AGENCIES