Nhp Foundation: FY2020 Nonprofit Profile & Form 990 (EIN 52-1636004)

Richard F Burns’s $741K as CEO & Board Member is at the 99th percentile of top reported officer pay among 676 $10–100M 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

Name	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Richard F Burns	$741,061	$699,998	$698,152	$700,000	$531,250	$700,000
Stephen Green	$477,583	$530,000	$452,781	$465,000	$352,500	$465,000
Eric Price	$512,500	$499,038	$396,590	$300,000	$188,269	—
John Welsh	$323,031	$365,000	—	—	—	—
Carlos Gonzales	$356,928	$295,906	$259,615	—	—	—
Neal Drobenare	$315,715	$349,231	$260,744	$279,999	$212,499	—
Mecky Adnani	$310,155	$335,346	$262,706	$280,000	—	—
Joseph P Wiedorfer	$248,998	$329,615	$250,541	$280,000	$197,885	$280,000

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.

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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

Preserves and builds affordable multifamily housing for low-to-moderate-income families and seniors while providing supportive resident services to enhance their quality of life.

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1 program · $28.8M · in their own filed words · FY2020

01

The NHP foundation is a nonprofit organization dedicated to making investments that preserve and create affordable multifamily housing for low-to-moderate-income families and seniors. The foundation also provides a comprehensive array of programs and services to enhance the quality of life for its residents.

$28.8Mprogram 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

Nonprofit Housing Preservation Ra INCFY2024$17K

Fchc Virginia Community Development CorporationFY2024$15K

Southway Builders Charitable Trust INCFY2024$5K

Novogradac Rivers FoundationFY2024$1K

The Arc FoundationFY2024$1K

Total grants receivedfrom 5 funders$40K

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Grants paid · 7 grants · $3.2M · 2018–2024

Operation Pathways INCDC · FY2024$1,108,642

Connecticut Housing Finance AuthorityFY2023$430,946

Operation Pathways INCDC · FY2022$471,598

Operation Pathways INCDC · FY2021$335,380

Operation Pathways INCDC · FY2020$406,382

Operation Pathways INCDC · FY2019$316,814

Operation Pathways INCDC · FY2018$139,949

By the numbers

The FY2020 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$32.2M

Ln 12

Fees for servicesLn 2g$22.7M

Gifts and grantsLn 1h$9.2M

Investment incomeLn 3$295K

Money outPt IX

$34.3M

Ln 25

Programscol B$28.8M

Managementcol C$5.5M

Owns and owesPt X

$168.4M

net assets · Ln 32

Cash and savingsLn 1–2$15.0M

Total assetsLn 16$289.8M

LiabilitiesLn 26$121.4M

PeoplePt VI, VII

21

listed · VII A

PaidVII A19

Voting boardVI 1a9

IndependentVI 1b8

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$9.2M

Government grantsLn 1e$687K

Fees for servicesLn 2g$22.7M

Investment incomeLn 3$295K

Total revenueLn 12$32.2M

Assets in detailPt X, end of year

CashLn 1$10.9M

SavingsLn 2$4.1M

Cash and savings togetherLn 1–2$15.0M

InvestmentsLn 11–13$120.2M

Land, buildings, equipmentLn 10c$80.3M

Other assetsLn 15$43.0M

Total assetsLn 16$289.8M

LiabilitiesLn 26$121.4M

Net assetsLn 32$168.4M

OperationsPt I, VI

EmployeesI 549

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$19.7M	$15.0M
InvestmentsLn 11–13	$48.1M	$120.2M
Land, buildings, equipmentLn 10c	$76.3M	$80.3M
Total assetsLn 16	$188.4M	$289.8M
LiabilitiesLn 26	$100.5M	$121.4M
Net assetsLn 32	$87.9M	$168.4M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$1.1M	$1.1M
Pay of current officers, directors and key staffLn 5	$2.1M	$1.5M	$561K
Other salaries and wagesLn 7	$5.8M	$4.2M	$1.6M
Pension plan contributionsLn 8	$32K	$23K	$9K
Other employee benefitsLn 9	$796K	$578K	$218K
Payroll taxesLn 10	$696K	$505K	$190K
Management feesLn 11a	$1.1M	$379K	$721K
Legal feesLn 11b	$41K	$41K
Accounting feesLn 11c	$236K	$85K	$151K
Other fees for servicesLn 11g	$918K	$32K	$886K
Advertising and promotionLn 12	$272K		$272K
OccupancyLn 16	$2.7M	$2.7M
TravelLn 17	$220K		$220K
InterestLn 20	$5.2M	$5.1M	$113K
Depreciation, depletion and amortizationLn 22	$1.9M	$1.7M	$140K
InsuranceLn 23	$529K	$462K	$67K
Other expenses (24a–d)Ln 24	$10.7M	$10.3M	$385K
Total functional expensesLn 25	$34.3M	$28.8M	$5.5M	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$35.9M	$54.1M	−$18.2M	$274.8M	990 PDF
FY2023	$74.5M	$36.2M	$38.3M	$266.5M	990 PDF
FY2022	$48.8M	$33.4M	$15.4M	$227.3M	990 PDF
FY2021	$98.6M	$77.1M	$21.5M	$192.7M	990 PDF
FY2020 Viewing	$32.2M	$34.3M	−$2.1M	$168.4M	990 PDF
FY2019	$21.4M	$25.8M	−$4.4M	$87.9M	990 PDF
FY2018	$28.2M	$26.8M	$1.4M	$92.2M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $32,236,005 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $4,720,793$9,223,834

I-9 Program service revenuePrior year $15,601,914$22,716,744

I-10 Investment incomePrior year $1,104,746$295,427

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $21,427,453$32,236,005

I-13 Grants and similar amounts paidPrior year $316,814$1,073,188

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $10,006,782$9,382,277

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $15,465,958$23,852,588

I-18 Total expensesPrior year $25,789,554$34,308,053

I-19 Revenue less expensesPrior year −$4,362,101−$2,072,048

Part VI · Governance 8 of 9 board members independent, 1 to look at

VI-1a Voting members of the governing body9

VI-1b Independent voting members8

VI-14 Document retention and destruction policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $32,236,005 across 6 lines filed

VIII-1e Government grants$687,011

VIII-1f All other contributions, gifts and grants$8,536,823

VIII-1h Total contributions, gifts and grants$9,223,834

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $22,716,744$22,716,744

VIII-3 Investment incomeExcluded from tax $295,427$295,427

VIII-12 Total revenueRelated to mission $22,716,744 · Unrelated business $0 · Excluded from tax $295,427$32,236,005

Part IX · Statement of functional expenses $34,308,053 across 17 lines filed

IX-1 Grants to domestic organizationsPrograms $1,073,188$1,073,188

IX-5 Pay of current officers, directors and key staffPrograms $1,489,958 · Management $560,576$2,050,534

IX-7 Other salaries and wagesPrograms $4,220,468 · Management $1,587,892$5,808,360

IX-8 Pension plan contributionsPrograms $23,314 · Management $8,771$32,085

IX-9 Other employee benefitsPrograms $578,212 · Management $217,544$795,756

IX-10 Payroll taxesPrograms $505,394 · Management $190,148$695,542

IX-11a Management feesPrograms $378,907 · Management $721,149$1,100,056

IX-11b Legal feesPrograms $41,174$41,174

IX-11c Accounting feesPrograms $85,223 · Management $150,879$236,102

IX-11g Other fees for servicesPrograms $32,419 · Management $885,944$918,363

IX-12 Advertising and promotionManagement $271,736$271,736

IX-16 OccupancyPrograms $2,715,295$2,715,295

IX-17 TravelManagement $220,165$220,165

IX-20 InterestPrograms $5,114,357 · Management $113,351$5,227,708

IX-22 Depreciation, depletion and amortizationPrograms $1,737,496 · Management $139,621$1,877,117

IX-23 InsurancePrograms $462,069 · Management $66,679$528,748

IX-24 Other expenses (24a–d)Programs $10,330,833 · Management $385,291$10,716,124

IX-25 Total functional expensesPrograms $28,788,307 · Management $5,519,746 · Fundraising $0$34,308,053

Part X · Balance sheet $289,778,753 assets, 16 lines filed

Asset lines not itemized here account for $29,958,373; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $18,498,066$10,898,765

X-2 Savings and temporary cash investmentsStart of year $1,242,317$4,065,921

X-3 Pledges and grants receivable$50,000

X-4 Accounts receivableStart of year $242,667$864,176

X-9 Prepaid expenses and deferred chargesStart of year $880,736$447,077

X-10c Land, buildings and equipment, netStart of year $76,303,749$80,322,689

X-13 Program-related investmentsStart of year $48,149,579$120,173,224

X-15 Other assetsStart of year $35,210,418$42,998,528

X-16 Total assetsStart of year $188,390,325$289,778,753

X-17 Accounts payable and accrued expensesStart of year $1,936,500$2,727,560

X-24 Unsecured notes and loans payableStart of year $23,372,058$47,528,141

X-25 Other liabilitiesStart of year $12,140,756$2,184,220

X-26 Total liabilitiesStart of year $100,482,988$121,379,083

X-27 Net assets without donor restrictionsStart of year $87,907,337$168,399,670

X-32 Total net assets or fund balancesStart of year $87,907,337$168,399,670

X-33 Total liabilities and net assetsStart of year $188,390,325$289,778,753

Part XI · Reconciliation of net assets $168,399,670 net assets at year end

XI-1 Total revenue$32,236,005

XI-2 Total expenses$34,308,053

XI-3 Revenue less expenses−$2,072,048

XI-4 Net assets at start of year$87,907,337

XI-9 Other changes in net assets$82,564,381

XI-10 Net assets at end of year$168,399,670

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Nhp Foundation FY2020 filing

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