Nhp Foundation: FY2021 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 · $70.4M · in their own filed words · FY2021

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.

$70.4Mprogram 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 FY2021 990, line by line.

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1The main four

Money inPt VIII

$98.6M

Ln 12

Gifts and grantsLn 1h$71.1M

Fees for servicesLn 2g$27.5M

Investment incomeLn 3$26K

Money outPt IX

$77.1M

Ln 25

Programscol B$70.4M

Managementcol C$6.7M

Owns and owesPt X

$192.7M

net assets · Ln 32

Cash and savingsLn 1–2$21.4M

Total assetsLn 16$288.6M

LiabilitiesLn 26$95.8M

PeoplePt VI, VII

22

listed · VII A

PaidVII A12

Voting boardVI 1a11

IndependentVI 1b10

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$71.1M

Government grantsLn 1e$949K

Fees for servicesLn 2g$27.5M

Investment incomeLn 3$26K

Total revenueLn 12$98.6M

Assets in detailPt X, end of year

CashLn 1$14.4M

SavingsLn 2$7.0M

Cash and savings togetherLn 1–2$21.4M

InvestmentsLn 11–13$67.7M

Land, buildings, equipmentLn 10c$55.7M

Other assetsLn 15$56.8M

Total assetsLn 16$288.6M

LiabilitiesLn 26$95.8M

Net assetsLn 32$192.7M

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 FY21	End FY21
Cash and savingsLn 1–2	$15.0M	$21.4M
InvestmentsLn 11–13	$120.2M	$67.7M
Land, buildings, equipmentLn 10c	$80.3M	$55.7M
Total assetsLn 16	$289.8M	$288.6M
LiabilitiesLn 26	$121.4M	$95.8M
Net assetsLn 32	$168.4M	$192.7M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$1.0M	$1.0M
Pay of current officers, directors and key staffLn 5	$2.6M	$1.9M	$682K
Other salaries and wagesLn 7	$5.8M	$4.3M	$1.5M
Pension plan contributionsLn 8	$29K	$21K	$7K
Other employee benefitsLn 9	$754K	$558K	$196K
Payroll taxesLn 10	$640K	$474K	$166K
Management feesLn 11a	$1.0M	$271K	$743K
Legal feesLn 11b	$138K	$138K
Accounting feesLn 11c	$185K	$51K	$133K
Other fees for servicesLn 11g	$1.6M	$19K	$1.6M
Advertising and promotionLn 12	$195K		$195K
OccupancyLn 16	$2.1M	$2.1M
TravelLn 17	$339K		$339K
InterestLn 20	$3.8M	$3.7M	$116K
Depreciation, depletion and amortizationLn 22	$1.3M	$1.2M	$140K
InsuranceLn 23	$483K	$388K	$94K
Other expenses (24a–d)Ln 24	$54.9M	$54.2M	$796K
Total functional expensesLn 25	$77.1M	$70.4M	$6.7M	$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 Viewing	$98.6M	$77.1M	$21.5M	$192.7M	990 PDF
FY2020	$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 FY2021 990 (6 parts)

Part I · Summary $98,614,983 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $9,223,834$71,097,305

I-9 Program service revenuePrior year $22,716,744$27,491,811

I-10 Investment incomePrior year $295,427$25,867

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $32,236,005$98,614,983

I-13 Grants and similar amounts paidPrior year $1,073,188$1,036,109

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

I-15 Salaries and benefitsPrior year $9,382,277$9,806,707

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

I-17 Other expensesPrior year $23,852,588$66,263,178

I-18 Total expensesPrior year $34,308,053$77,105,994

I-19 Revenue less expensesPrior year −$2,072,048$21,508,989

Part VI · Governance 10 of 11 board members independent, 1 to look at

VI-1a Voting members of the governing body11

VI-1b Independent voting members10

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 $98,614,983 across 7 lines filed

VIII-1d Related organizations$621,901

VIII-1e Government grants$948,883

VIII-1f All other contributions, gifts and grants$69,526,521

VIII-1h Total contributions, gifts and grants$71,097,305

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $27,491,811$27,491,811

VIII-3 Investment incomeExcluded from tax $25,867$25,867

VIII-12 Total revenueRelated to mission $27,491,811 · Unrelated business $0 · Excluded from tax $25,867$98,614,983

Part IX · Statement of functional expenses $77,105,994 across 17 lines filed

IX-1 Grants to domestic organizationsPrograms $1,036,109$1,036,109

IX-5 Pay of current officers, directors and key staffPrograms $1,940,284 · Management $681,721$2,622,005

IX-7 Other salaries and wagesPrograms $4,264,053 · Management $1,498,181$5,762,234

IX-8 Pension plan contributionsPrograms $21,269 · Management $7,473$28,742

IX-9 Other employee benefitsPrograms $557,614 · Management $195,918$753,532

IX-10 Payroll taxesPrograms $473,744 · Management $166,450$640,194

IX-11a Management feesPrograms $270,583 · Management $742,893$1,013,476

IX-11b Legal feesPrograms $138,409$138,409

IX-11c Accounting feesPrograms $51,468 · Management $133,170$184,638

IX-11g Other fees for servicesPrograms $18,909 · Management $1,623,381$1,642,290

IX-12 Advertising and promotionManagement $195,307$195,307

IX-16 OccupancyPrograms $2,124,023$2,124,023

IX-17 TravelManagement $339,450$339,450

IX-20 InterestPrograms $3,731,235 · Management $116,140$3,847,375

IX-22 Depreciation, depletion and amortizationPrograms $1,209,396 · Management $139,986$1,349,382

IX-23 InsurancePrograms $388,178 · Management $94,328$482,506

IX-24 Other expenses (24a–d)Programs $54,150,719 · Management $795,603$54,946,322

IX-25 Total functional expensesPrograms $70,375,993 · Management $6,730,001 · Fundraising $0$77,105,994

Part X · Balance sheet $288,555,579 assets, 16 lines filed

Asset lines not itemized here account for $85,682,336; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $10,898,765$14,430,495

X-2 Savings and temporary cash investmentsStart of year $4,065,921$6,973,812

X-3 Pledges and grants receivableStart of year $50,000$13,000

X-4 Accounts receivableStart of year $864,176$877,135

X-9 Prepaid expenses and deferred chargesStart of year $447,077$367,522

X-10c Land, buildings and equipment, netStart of year $80,322,689$55,652,173

X-13 Program-related investmentsStart of year $120,173,224$67,714,797

X-15 Other assetsStart of year $42,998,528$56,844,309

X-16 Total assetsStart of year $289,778,753$288,555,579

X-17 Accounts payable and accrued expensesStart of year $2,727,560$4,426,358

X-24 Unsecured notes and loans payableStart of year $47,528,141$22,432,160

X-25 Other liabilitiesStart of year $2,184,220$14,252,390

X-26 Total liabilitiesStart of year $121,379,083$95,847,745

X-27 Net assets without donor restrictionsStart of year $168,399,670$192,707,834

X-32 Total net assets or fund balancesStart of year $168,399,670$192,707,834

X-33 Total liabilities and net assetsStart of year $289,778,753$288,555,579

Part XI · Reconciliation of net assets $192,707,834 net assets at year end

XI-1 Total revenue$98,614,983

XI-2 Total expenses$77,105,994

XI-3 Revenue less expenses$21,508,989

XI-4 Net assets at start of year$168,399,670

XI-9 Other changes in net assets$2,799,175

XI-10 Net assets at end of year$192,707,834

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Nhp Foundation FY2021 filing

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