NATIONAL AFFORDABLE HOUSING TRUST INC (EIN 521450306) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Principal Officer

BRIAN DOWLING

Phone

6149172864

Tax Period

2024-07-01 to 2025-06-30

NATIONAL AFFORDABLE HOUSING TRUST INC, founded in 1986, is a community nonprofit in the Housing & Shelter sector that reported $6.5M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $7.7M exceeded revenue, resulting in a 18% operating deficit.

Mission

TO PROVIDE PROGRAM AND SUPERVISORY MANAGEMENT TO LOW-INCOME HOUSING PROPERTIES.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,990,187

Investment Income $378,218

Other Revenue $122,349

TOTAL REVENUE $6,490,754

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,413,685

Fundraising Expenses $0

Program Expenses $5,240,643

Other Expenses $2,270,045

TOTAL EXPENSES $7,683,730

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,490,754	$5,799,883	+0.1%
Expenses	$7,683,730	$7,518,978	+0.0%
Net Income	$-1,192,976	$-1,719,095	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

$1,368,560

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY LATIMER-NELLIGAN	CHAIR	1.00	Director	$0	$0	$0
PANAGIOTA MAHENDRU	DIRECTOR	1.00	Director	$0	$0	$0
ERIC PRICE	DIRECTOR	1.00	Director	$0	$0	$0
ALTHEA ARNOLD	DIRECTOR	1.00	Director	$0	$0	$0
JILL EDWARDS	DIRECTOR	1.00	Director	$0	$0	$0
MAYGEN MOORE	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA BELDEN	DIRECTOR	1.00	Director	$0	$0	$0
LORI LITTLE	CEO AND PRESIDENT	40.00	Officer	$459,848	$55,995	$515,843
DAVID S MICHAELS	SECRETARY & SENIOR VP	40.00	Officer	$268,336	$36,317	$304,653
HEATHER HOLLAND	SENIOR VICE PRESIDENT	40.00	Officer	$199,085	$60,984	$260,069
BRIAN DOWLING	INTERIM CEO AND PRESIDENT	40.00	Officer	$287,995	$0	$287,995
PAUL M CUMMINGS	SENIOR VP, ORIGINATIONS &	40.00	Highest	$232,011	$63,323	$295,334
BRIAN ROBINSON	SENIOR VP, ORIGINATIONS &	40.00	Highest	$212,124	$19,580	$231,704
DAVID BEIDLER	SENIOR ORIGINATOR	40.00	Highest	$189,081	$22,833	$211,914
PETER MISURACA	SENIOR CONSTRUCTION RISK M	40.00	Highest	$152,814	$57,027	$209,841
KAREN DOWLER	SENIOR ASSET MANAGER OF DI	40.00	Highest	$164,236	$27,955	$192,191

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	$6,490,754	$7,683,730	$16,166,922	$-1,192,976
2024	$5,799,883	$7,518,978	$19,551,477	$-1,719,095
2023	$9,030,315	$8,378,649	$19,904,456	$651,666
2022	$9,808,446	$8,082,032	$26,738,117	$1,726,414
2020	$8,943,724	$8,153,658	$12,512,765	$790,066
2019	$5,142,491	$4,936,505	$11,972,811	$205,986
2018	$4,412,494	$5,203,382	$16,634,664	$-790,888

NATIONAL AFFORDABLE HOUSING TRUST INC