National Affordable Housing Management Association FY2023 filing

Not tax-deductible

Alexandria, VA501(c)(6)Since 1984EIN 62-1144489Revenue $1.9M in FY2023

On file with the IRSnahma.org400 N Columbus St Ste 203, 22314-2264 · Alexandria, VATax-exempt since Mar 1985

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See accompanying schedule o

$470K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $17K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$470K
to officers and key staff · 24% of spending
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $295K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$206K
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
23
of 23 voting members
Looks good: 23 of 23 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.9M
+5% vs prior year
Spent
$2.0M
Net assets
$1.0M
By yearFY2020–FY2025
Revenue
$1.9M
FY2023▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.8M
FY2021$1.7M
FY2022$1.8M
FY2023$1.9M
FY2024$2.0M
FY2025$2.1M
Expenses
$2.0M
FY2023▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.8M
FY2021$1.7M
FY2022$1.9M
FY2023$2.0M
FY2024$1.9M
FY2025$2.0M
Net assets
$1.0M
FY2023▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.2M
FY2022$1.1M
FY2023$1.0M
FY2024$1.0M
FY2025$1.2M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1985.

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

Who runs it and what they're paid

26 people listed on the 990; $470K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$218,760Pt VII · Sec A
Dir, Govt. Affairs
$132,523Pt VII · Sec A
Dir, Finance & Admin
$118,457Pt VII · Sec A
Vice Chair of the Board
$0Pt VII · Sec A
Vice Chair of the Board
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Past President - Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kristina C Cook$204,008$198,952$218,760$220,592$226,665$218,006
Larry Keys$162,039$149,347$132,523$126,469$123,500$122,669
Rajni Agarwal$129,288$120,192$118,457$114,888$110,200$110,603
Brenda Jo Moser$102,788—————

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

Convenes affordable housing professionals to discuss regulatory, legislative, and operational issues affecting the industry.

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Provided by the organization

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3 programs · in their own filed words · FY2023
01

Regulatory and legislative activities including dissemination, evaluation, and explanation of significant regulatory and legislative changes and developments, including implementation guidance, to members; committee and subcomittee discussions to evaluate housing regulation and legislation and opportunities for improvement; policy…

Pt IX · col B
02

Two membership meetings held at which regulatory, legislative, operational, and other issues affecting the affordable housing industry are presented and discussed, including presentations by and question and answer sessions with regulators and other knowledgeable persons within the affordable housing industry.

Pt IX · col B
03

Nahma news and other publications to update and inform members on regulatory and legislative developments and issues affecting the affordable housing industry and promote industry and societal goals for affordable housing and affordable housing management.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$295K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.9M
Ln 12
Fees for servicesLn 2g$1.2M
Gifts and grantsLn 1h$618K
Investment incomeLn 3$19K
Money outPt IX
$2.0M
Ln 25
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$906K
Total assetsLn 16$1.2M
LiabilitiesLn 26$206K
PeoplePt VI, VII
26
listed · VII A
PaidVII A3
Voting boardVI 1a23
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$618K
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$19K
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
CashLn 1$497K
SavingsLn 2$409K
Cash and savings togetherLn 1–2$906K
Land, buildings, equipmentLn 10c$39K
Other assetsLn 15$75K
Total assetsLn 16$1.2M
LiabilitiesLn 26$206K
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 57
VolunteersI 6206
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 FY23End FY23
Cash and savingsLn 1–2$1.0M$906K
Land, buildings, equipmentLn 10c$75K$39K
Total assetsLn 16$1.3M$1.2M
LiabilitiesLn 26$183K$206K
Net assetsLn 32$1.1M$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$829K
Other employee benefitsLn 9$120K
Payroll taxesLn 10$60K
Legal feesLn 11b$11K
Accounting feesLn 11c$12K
Advertising and promotionLn 12$1K
Office expensesLn 13$198K
OccupancyLn 16$81K
TravelLn 17$15K
Depreciation, depletion and amortizationLn 22$42K
InsuranceLn 23$20K
Other expenses (24a–d)Ln 24$530K
All other expensesLn 24e$45K
Total functional expensesLn 25$2.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.1M$2.0M$114K$1.2M 990 PDF
FY2024 $2.0M$1.9M$29K$1.0M 990 PDF
FY2023 Viewing $1.9M$2.0M−$88K$1.0M 990 PDF
FY2022 $1.8M$1.9M−$143K$1.1M 990 PDF
FY2021 $1.7M$1.7M$5K$1.2M 990 PDF
FY2020 $1.8M$1.8M−$18K$1.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $1,876,487 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $564,674$618,476
I-9 Program service revenuePrior year $1,171,860$1,238,813
I-10 Investment incomePrior year $46,629$19,198
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,783,163$1,876,487
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,000,544$1,008,549
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $925,164$955,925
I-18 Total expensesPrior year $1,925,708$1,964,474
I-19 Revenue less expensesPrior year −$142,545−$87,987
Part VI · Governance 23 of 23 board members independent, no flags
VI-1a Voting members of the governing body23
VI-1b Independent voting members23
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 $1,876,487 across 6 lines filed
Lines not itemized here account for $15,000 of total revenue; see the IRS return.
VIII-1b Membership dues$607,176
VIII-1f All other contributions, gifts and grants$11,300
VIII-1h Total contributions, gifts and grants$618,476
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,144,278 · Unrelated business $79,535$1,223,813
VIII-3 Investment incomeExcluded from tax $19,198$19,198
VIII-12 Total revenueRelated to mission $1,159,278 · Unrelated business $79,535 · Excluded from tax $19,198$1,876,487
Part IX · Statement of functional expenses $1,964,474 across 13 lines filed
IX-7 Other salaries and wages$828,645
IX-9 Other employee benefits$120,097
IX-10 Payroll taxes$59,807
IX-11b Legal fees$10,704
IX-11c Accounting fees$12,034
IX-12 Advertising and promotion$1,259
IX-13 Office expenses$198,079
IX-16 Occupancy$80,972
IX-17 Travel$15,318
IX-22 Depreciation, depletion and amortization$41,755
IX-23 Insurance$20,326
IX-24 Other expenses (24a–d)$530,046
IX-24e All other expenses$45,432
IX-25 Total functional expenses$1,964,474
Part X · Balance sheet $1,214,641 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $432,730$497,305
X-2 Savings and temporary cash investmentsStart of year $600,000$409,174
X-4 Accounts receivableStart of year $95,293$144,489
X-9 Prepaid expenses and deferred chargesStart of year $53,374$48,878
X-10c Land, buildings and equipment, netStart of year $74,938$39,415
X-15 Other assetsStart of year $23,894$75,380
X-16 Total assetsStart of year $1,280,229$1,214,641
X-17 Accounts payable and accrued expensesStart of year $157,218$121,511
X-19 Deferred revenueStart of year $6,047$12,667
X-25 Other liabilitiesStart of year $19,878$71,364
X-26 Total liabilitiesStart of year $183,143$205,542
X-27 Net assets without donor restrictionsStart of year $1,097,086$1,009,099
X-32 Total net assets or fund balancesStart of year $1,097,086$1,009,099
X-33 Total liabilities and net assetsStart of year $1,280,229$1,214,641
Part XI · Reconciliation of net assets $1,009,099 net assets at year end
XI-1 Total revenue$1,876,487
XI-2 Total expenses$1,964,474
XI-3 Revenue less expenses−$87,987
XI-4 Net assets at start of year$1,097,086
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,009,099

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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