National Housing Trust

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501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$1.6M paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $2.0M a year · 42% of revenue · last 5 filings
A surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
78% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.6M
to officers and key staff · 41% of spending
Pay to officers and key staff is 41% of spending.
Part VII, Section A
14.5 mo
of spending, in cash
14.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $901K
4 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$3.6M
18% of total assets
Liabilities are 18% of assets.
Pt X · Ln 26
Independent board members
11
of 11 voting members
11 of 11 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$2.6M
-80% vs prior year
Spent
$4.0M
To programs
78%
Net assets
$15.8M
By yearFY2020–FY2024
Revenue
$2.6M
FY2024▼ -80%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.1M
FY2021$2.5M
FY2022$2.8M
FY2023$13.0M
FY2024$2.6M
Expenses
$4.0M
FY2024▲ +26%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.1M
FY2021$2.5M
FY2022$2.0M
FY2023$3.2M
FY2024$4.0M
Net assets
$15.8M
FY2024▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.4M
FY2021$6.6M
FY2022$6.7M
FY2023$17.0M
FY2024$15.8M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1986.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $3.1M Management & general 16% · $657K Fundraising 6% · $221K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

23 people listed on the 990; $1.6M paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$337,700Pt VII · Sec A
VP and Secretary
$219,303Pt VII · Sec A
CFO & Treasurer (until 11/22/2024)
$212,548Pt VII · Sec A
SR Director of Sustainabil
$172,459Pt VII · Sec A
Director of Corporate Accounting
$161,158Pt VII · Sec A
Managing Director, Housing
$151,881Pt VII · Sec A
Director of Sustainability
$146,000Pt VII · Sec A
Director of Real Estate Accounting
$124,843Pt VII · Sec A

Priya Jayachandran’s $338K as President is at the 98th percentile of top reported officer pay among 2036 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Priya Jayachandran$337,700$352,336$288,335$282,238$265,584
Angela Bruno——$60,366$224,775$210,504
Kevin White$219,303$194,999$191,303$187,337—
Danielle Arigoni$151,881$214,266———
Nicole Prorock$212,548$54,624———
Tracy Kaufman———$211,407$175,645
Steven Spears$22,820$200,000$37,500——
Todd Nedwick$172,459$149,809$135,509$128,460$121,265

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See National Housing Trust executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps preserve affordable housing by assisting government, nonprofits, and tenant groups with legislation, technical support, and energy retrofits.

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3 programs · $3.1M · in their own filed words · FY2024
01

Access to Opportunity

The national housing trust believes in a balanced approach to fair housing, which promotes access to high opportunity communities through mobility, while ensuring that residents who remain in neighborhoods currently experiencing distress and concentrated poverty have access to housing resources and investments that improve their housing.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 52-1477599) · Dispute this line
$1.2Mprogram expense
02

Energy Efficiency

The national housing trust is committed to promoting energy efficiency and sustainability for low-income residents across the country. NHT'S unique approach to energy efficiency includes policy advocacy, green lending, renewable energy, and sustainable development.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 52-1477599) · Dispute this line
$1.2Mprogram expense
03

The trust provides assistance to government agencies and congressional committees and staff in connection with federal legislation affecting the existing supply of affordable housing. The trust provides technical assistance on a pro bono basis to non-profits, government agencies, and tenant associations seeking to preserve affordable…

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 52-1477599) · Dispute this line
$663Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 4 funders$901K
See all 4 funders →
Grants paid · 1 grant · $90K · 2021–2021

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.6M
Ln 12
Gifts and grantsLn 1h$1.6M
Investment incomeLn 3$682K
Fees for servicesLn 2g$348K
Money outPt IX
$4.0M
Ln 25
Programscol B$3.1M
Managementcol C$657K
Fundraisingcol D$221K
Owns and owesPt X
$15.8M
net assets · Ln 32
Cash and savingsLn 1–2$4.9M
Total assetsLn 16$19.4M
LiabilitiesLn 26$3.6M
PeoplePt VI, VII
23
listed · VII A
PaidVII A10
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Fees for servicesLn 2g$348K
Investment incomeLn 3$682K
Other incomeLn 4–11$528
Gains on assetsLn 7$362K
Total revenueLn 12$2.6M
Assets in detailPt X, end of year
CashLn 1$2.9M
SavingsLn 2$1.9M
Cash and savings togetherLn 1–2$4.9M
Accounts receivableLn 4$3.7M
Notes and loans receivableLn 7$6.7M
Prepaid expenses and deferred chargesLn 9$104K
Land, buildings, equipmentLn 10c$208K
InvestmentsLn 11–13$1.4M
Intangible assetsLn 14$2.3M
Other assetsLn 15$50K
Total assetsLn 16$19.4M
LiabilitiesLn 26$3.6M
Net assetsLn 32$15.8M
OperationsPt I, VI
EmployeesI 541
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$13.1M$4.9M
InvestmentsLn 11–13$1.8M$1.4M
Land, buildings, equipmentLn 10c$85K$208K
Total assetsLn 16$20.4M$19.4M
LiabilitiesLn 26$3.4M$3.6M
Net assetsLn 32$17.0M$15.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$982K$796K$128K$59K
Other salaries and wagesLn 7$2.4M$2.0M$315K$145K
Pension plan contributionsLn 8$126K$102K$16K$8K
Other employee benefitsLn 9$168K$136K$22K$10K
Payroll taxesLn 10$253K$205K$33K$15K
Accounting feesLn 11c$215K$137K$78K
Other fees for servicesLn 11g$1.2M$1.0M$161K$74K
Advertising and promotionLn 12$28K$22K$4K$2K
Office expensesLn 13$188K$154K$23K$11K
Information technologyLn 14$104K$85K$14K$6K
OccupancyLn 16$304K$246K$39K$18K
TravelLn 17$111K$90K$14K$7K
Conferences, conventions and meetingsLn 19$58K$47K$7K$3K
Depreciation, depletion and amortizationLn 22$69K$56K$9K$4K
InsuranceLn 23$100K$100K
Other expenses (24a–d)Ln 24−$2.4M−$1.9M−$306K−$141K
Total functional expensesLn 25$4.0M$3.1M$657K$221K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 16, 2025 $2.6M$4.0M−$1.4M$15.8M 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $13.0M$3.2M$9.8M$17.0M 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $2.8M$2.0M$764K$6.7M 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $2.5M$2.5M−$13K$6.6M 990 PDF
FY2020Filed with the IRS Nov 10, 2021 $3.1M$2.1M$980K$6.4M 990 PDF

Schedules filed Part IV

A · Public support I · Grants J · Pay O · Explanations
See the full FY2024 990
Part I · Summary $2,644,738 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $12,548,701$1,614,412
I-9 Program service revenuePrior year $248,877$347,980
I-10 Investment incomePrior year $181,007$681,818
I-11 Other revenuePrior year $6,482$528
I-12 Total revenuePrior year $12,985,067$2,644,738
I-13 Grants and similar amounts paidPrior year $105,283$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,778,182$3,950,409
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,310,254$60,280
I-18 Total expensesPrior year $3,193,719$4,010,689
I-19 Revenue less expensesPrior year $9,791,348−$1,365,951
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,644,738 across 6 lines filed
Lines not itemized here account for $528 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$1,614,412
VIII-1h Total contributions, gifts and grants$1,614,412
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $347,980$347,980
VIII-3 Investment incomeExcluded from tax $319,440$319,440
VIII-7 Net gain or loss on sales of assetsExcluded from tax $362,378$362,378
VIII-12 Total revenueRelated to mission $348,508 · Unrelated business $0 · Excluded from tax $681,818$2,644,738
Part IX · Statement of functional expenses $4,010,689 across 16 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $795,617 · Management $127,691 · Fundraising $58,918$982,226
IX-7 Other salaries and wagesPrograms $1,960,919 · Management $314,712 · Fundraising $145,208$2,420,839
IX-8 Pension plan contributionsPrograms $102,027 · Management $16,375 · Fundraising $7,558$125,960
IX-9 Other employee benefitsPrograms $136,142 · Management $21,849 · Fundraising $10,084$168,075
IX-10 Payroll taxesPrograms $205,180 · Management $32,930 · Fundraising $15,199$253,309
IX-11c Accounting feesPrograms $136,702 · Management $78,023$214,725
IX-11g Other fees for servicesPrograms $1,003,805 · Management $161,105 · Fundraising $74,356$1,239,266
IX-12 Advertising and promotionPrograms $22,326 · Management $3,583 · Fundraising $1,654$27,563
IX-13 Office expensesPrograms $154,183 · Management $23,052 · Fundraising $10,582$187,817
IX-14 Information technologyPrograms $84,526 · Management $13,566 · Fundraising $6,261$104,353
IX-16 OccupancyPrograms $246,027 · Management $39,486 · Fundraising $18,224$303,737
IX-17 TravelPrograms $89,664 · Management $14,390 · Fundraising $6,642$110,696
IX-19 Conferences, conventions and meetingsPrograms $46,643 · Management $7,486 · Fundraising $3,455$57,584
IX-22 Depreciation, depletion and amortizationPrograms $56,116 · Management $9,006 · Fundraising $4,157$69,279
IX-23 InsuranceManagement $99,937$99,937
IX-24 Other expenses (24a–d)Programs −$1,907,288 · Management −$306,108 · Fundraising −$141,281−$2,354,677
IX-25 Total functional expensesPrograms $3,132,589 · Management $657,083 · Fundraising $221,017$4,010,689
Part X · Balance sheet $19,373,386 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $986,028$2,937,371
X-2 Savings and temporary cash investmentsStart of year $12,078,953$1,918,387
X-4 Accounts receivableStart of year $2,456,377$3,727,783
X-7 Notes and loans receivable$6,701,065
X-9 Prepaid expenses and deferred chargesStart of year $120,610$103,503
X-10c Land, buildings and equipment, netStart of year $84,515$208,248
X-11 Publicly traded securitiesStart of year $1,765,429$1,437,906
X-14 Intangible assetsStart of year $2,820,113$2,289,479
X-15 Other assetsStart of year $97,396$49,644
X-16 Total assetsStart of year $20,431,921$19,373,386
X-17 Accounts payable and accrued expensesStart of year $594,726$368,655
X-19 Deferred revenue$672,472
X-25 Other liabilitiesStart of year $2,836,829$2,522,136
X-26 Total liabilitiesStart of year $3,431,555$3,563,263
X-27 Net assets without donor restrictionsStart of year $17,000,366$14,635,380
X-28 Net assets with donor restrictions$1,174,743
X-32 Total net assets or fund balancesStart of year $17,000,366$15,810,123
X-33 Total liabilities and net assetsStart of year $20,431,921$19,373,386
Part XI · Reconciliation of net assets $15,810,123 net assets at year end
XI-1 Total revenue$2,644,738
XI-2 Total expenses$4,010,689
XI-3 Revenue less expenses−$1,365,951
XI-4 Net assets at start of year$17,000,366
XI-5 Net unrealized gains (losses) on investments$175,708
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$15,810,123

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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