NATIONAL HOUSING ENDOWMENT

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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

1987

Legal Domicile

Principal Officer

MARK PURSELL

Phone

2022668477

Tax Period

2025-01-01 to 2025-12-31

NATIONAL HOUSING ENDOWMENT, founded in 1987, is a community nonprofit in the Housing & Shelter sector that reported $1.7M in total revenue in fiscal year 2025. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $2.4M exceeded revenue, resulting in a 40% operating deficit.

Mission

THE NATIONAL HOUSING ENDOWMENT WILL HELP ADDRESS THE CHALLENGES OF THE HOME BUILDING INDUSTRY, ENHANCE THE WAYS WE EDUCATE AND TRAIN FUTURE GENERATIONS OF LEADERS IN RESIDENTIAL CONSTRUCTION AND INCREASE THE BODY OF KNOWLEDGE ON HOUSING ISSUES. WE WILL DO SO BY SUPPORTING INNOVATIVE AND EFFECTIVE PROGRAMS THAT FURTHER EDUCATION, TRAINING, RESEARCH AND WORKFORCE DEVELOPMENT. THE CORNERSTONE OF OUR EDUCATION PROGRAM IS THE UNPRECEDENTED HOMEBUILDING EDUCATION LEADERSHIP PROGRAM (H.E.L.P.). THE ENDOWMENT IS AWARDING MAJOR GRANTS TO COLLEGES AND UNIVERSITIES ACROSS THE COUNTRY, AND WORKING TO HELP THEM CREATE, EXPAND OR REFOCUS EXISTING RESIDENTIAL CONSTRUCTION MANAGEMENT PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $1,663,222 Revenue: $0

GRANTS TO SUPPORT EDUCATION, RESEARCH, MANPOWER TRAINING, AND RECRUITMENT OF THE BEST AND BRIGHTEST STUDENTS FOR THE HOUSING INDUSTRY. -"HELP PROGRAM": SUPPORT OF FOURTEEN COLLEGE CONSTRUCTION...

GRANTS TO SUPPORT EDUCATION, RESEARCH, MANPOWER TRAINING, AND RECRUITMENT OF THE BEST AND BRIGHTEST STUDENTS FOR THE HOUSING INDUSTRY. -"HELP PROGRAM": SUPPORT OF FOURTEEN COLLEGE CONSTRUCTION MANAGEMENT PROGRAMS TO DEVELOP AND DELIVER RESIDENTIAL EDUCATION TO STUDENTS. INCLUDES EIGHT NEW SCHOOLS TO NHE. - SKILLED LABOR FUND -GRANTS TO SUPPORT OVER 125 HIGH SCHOOL CAREER EVENTS -GRANTS TO SUPPORT SKILLS TRADE TRAINING IN HIGH SCHOOLS BY UNDERWRITING CURRICULUM FEES. - IBS STUDENT TRAVEL SCHOLARSHIPS: FINANCIAL ASSISTANCE FOR OVER 800 STUDENTS TO TRAVEL TO BUILDERS SHOW TO COMPETE IN STUDENT COMPETITION-TARGET SUPPORT OF EIGHT HBCU'S TO PARTICIPATE IN BUILDERS SHOW- NAHB SAFETY MOBILE PHONE APP: FINANCIAL ASSISTANCE FOR DEVELOPMENT OF JOBSITE SAFETY MOBILE PHONE APP FOR SAFETY INFORMATION ON JOBSITES- PROFESSOR (HELP) SYMPOSIUM: SUPPORT OF UNIVERSITY FACULTY TO MEET WITH HOUSING INDUSTRY EXPERTS- HARVARD STATE OF THE NATION'S HOUSING REPORT: SUPPORT OF ANNUAL REPORT ON THE STATE OF AMERICAN HOUSING.- STUDENT SYMPOSIUM: SUPPORT OF UNIVERSITY STUDENTS TRAVEL TO MEET WITH HOUSING INDUSTRY EXPERTS- ACCE SUPPORT: FUNDING OF A SCHOLARSHIP MANAGED BY THE AMERICAN COUNCIL FOR CONSTRUCTION EDUCATION- HERB KOHLER LEADERSHIP AWARD: AWARD FOR THE OUTSTANDING LEADER FROM NAHB STUDENT CHAPTERS

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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 (2025)

Revenue Breakdown

Contributions & Grants $452,622

Program Service Revenue $0

Investment Income $1,248,704

Other Revenue $0

TOTAL REVENUE $1,701,326

Expense Breakdown

Grants Paid $1,469,800

Salaries & Benefits $664,353

Fundraising Expenses $395,376

Program Expenses $1,663,222

Other Expenses $242,365

TOTAL EXPENSES $2,376,518

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,701,326	$3,823,588	-0.6%
Expenses	$2,376,518	$1,859,695	+0.3%
Net Income	$-675,192	$1,963,893	-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

$395,261

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY UGALDE	CHAIR	0.10	Officer Director	$0	$0	$0
LAURA KOHLER	CHAIR-ELECT	0.10	Officer Director	$0	$0	$0
STEVE NELLIS	IMMEDIATE PAST CHAIR	0.10	Officer Director	$0	$0	$0
JUSTIN MACDONALD	TREASURER	0.10	Officer Director	$0	$0	$0
KAREN KOELEMIJ	SECRETARY	0.10	Officer Director	$0	$0	$0
ROBERT CAMP	TRUSTEE	0.10	Director	$0	$0	$0
STEVE CATES	TRUSTEE	0.10	Director	$0	$0	$0
ANDREW CHABAN	TRUSTEE	0.10	Director	$0	$0	$0
KENT COLTON	TRUSTEE	0.10	Director	$0	$0	$0
KENT CONINE	TRUSTEE	0.10	Director	$0	$0	$0
GARY GARCZYNSKI	TRUSTEE	0.10	Director	$0	$0	$0
CARL HARRIS	TRUSTEE	0.10	Director	$0	$0	$0
DAVID HELLER	TRUSTEE	0.10	Director	$0	$0	$0
FRED HOPPE	TRUSTEE	0.10	Director	$0	$0	$0
RICK JUDSON	TRUSTEE	0.10	Director	$0	$0	$0
W BARRY KAHN	TRUSTEE	0.10	Director	$0	$0	$0
KEVIN KELLY	TRUSTEE	0.10	Director	$0	$0	$0
JERRY KONTER	TRUSTEE	0.10	Director	$0	$0	$0
STEVE LAWSON	TRUSTEE	0.10	Director	$0	$0	$0
TED MAHONEY	TRUSTEE	0.10	Director	$0	$0	$0
EDDIE MARTIN	TRUSTEE	0.10	Director	$0	$0	$0
ROBERT MITCHELL	TRUSTEE (UNTIL 11/2025)	0.10	Director	$0	$0	$0
ROBERT NIELSEN	TRUSTEE	0.10	Director	$0	$0	$0
GREGORY PEEK	TRUSTEE	0.10	Director	$0	$0	$0
BARRY RUTENBERG	TRUSTEE	0.10	Director	$0	$0	$0
AL SCOTT	TRUSTEE	0.10	Director	$0	$0	$0
LARRY SWANK	TRUSTEE	0.10	Director	$0	$0	$0
MARK TIPTON	TRUSTEE	0.10	Director	$0	$0	$0
SCOTT WENTZ	TRUSTEE	0.10	Director	$0	$0	$0
DAVID WILSON	TRUSTEE	0.10	Director	$0	$0	$0
TIMOTHY ELLER	LIFE TRUSTEE	0.10	Director	$0	$0	$0
FANNIE MAE FOUNDATION	LIFE TRUSTEE	0.10	Director	$0	$0	$0
JAMES KNUPPE	LIFE TRUSTEE	0.10	Director	$0	$0	$0
FRANK FARINELLA	LIFE TRUSTEE	0.10	Director	$0	$0	$0
HARVEY MEYERHOFF	LIFE TRUSTEE	0.10	Director	$0	$0	$0
LEWIS RANIERI	LIFE TRUSTEE	0.10	Director	$0	$0	$0
ROBERT SCHOTTENSTEIN	LIFE TRUSTEE	0.10	Director	$0	$0	$0
STEVEN SCHOTTENSTEIN	LIFE TRUSTEE	0.10	Director	$0	$0	$0
PATSY SMITH	LIFE TRUSTEE	0.10	Director	$0	$0	$0
DAVE WILSON	LIFE TRUSTEE	0.10	Director	$0	$0	$0
ROGER GLUNT	EMERITUS TRUSTEE	0.10	Director	$0	$0	$0
KEN KLEIN	EMERITUS TRUSTEE	0.10	Director	$0	$0	$0
DALE STUARD	EMERITUS TRUSTEE	0.10	Director	$0	$0	$0
THOMAS THOMPSON	EMERITUS TRUSTEE	0.10	Director	$0	$0	$0
FRED NAPOLITANO	EMERITUS TRUSTEE	0.10	Director	$0	$0	$0
MARK PURSELL	PRESIDENT & CEO	37.50	Officer	$320,235	$75,026	$395,261

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	$1,701,326	$2,376,518	$39,130,736	$-675,192
2024	No data	No data	No data	No data
2023	$908,311	$1,649,296	$32,648,786	$-740,985
2022	$4,237,361	$1,284,664	$29,840,840	$2,952,697
2021	$3,340,023	$1,266,807	$31,315,078	$2,073,216
2020	$2,168,345	$1,300,841	$28,613,276	$867,504
2019	$1,897,389	$1,750,012	$25,780,190	$147,377
2018	$2,548,783	$1,696,103	$22,472,670	$852,680