National Foundation For Affordable Housing Solutions Inc
92% goes to programs Strong reserves Declining revenue
National Foundation For Affordable Housing Solutions Inc is a 501(c)(3) organization based in Rockville, Maryland, registered in 1995, with $8,352,404 in FY2024 revenue. CharityIndex grades it A, and it directs about 92% of spending to programs.
11810 Grand Park Avenue, Rockville, MD, 20852 EIN 52-1665967 Since 1995
Revenue (FY2024)
$8.4M
▼ 79.0% vs prior year
Housing median: $408K
Expenses (FY2024)
$5.7M
Net assets
$271.8M
Employees
13
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating92% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For National Foundation For Affordable Housing Solutions Inc: 92% to programs earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating574 mo reserves · +32% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For National Foundation For Affordable Housing Solutions Inc: 574 mo reserves · +32% margin earns a B+ on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For National Foundation For Affordable Housing Solutions Inc: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For National Foundation For Affordable Housing Solutions Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The foundation is dedicated to preserving the nation's existing assisted rental housing stock and is committed to providing the underserved population with solutions and better access to decent, safe and well-managed affordable housing and community programs and services.
Contact & location
- Address
- 11810 Grand Park Avenue, Rockville, MD, 20852
- City
- Rockville
- State
- Maryland
- Category
- Housing & Shelter
- Subcategory
- Housing Programs
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $4.4M (FY2013) to $8.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $3.0MNet assets $271.8M
Operating margin
31.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$274.8M
Total liabilities
$3.0M
Net assets
$271.8M
Salaries & benefits
$3.2M
55% of expenses
Board members
8
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $8,352,404▼79.0% | $5,685,653▼51.1% | $271,793,511▲1.0% | $274,835,724▲1.0% | 990 |
| 2023 | $39,815,929▼45.0% | $11,619,943▼14.9% | $269,126,760▲11.7% | $272,168,973▼12.3% | 990 |
| 2022 | $72,340,809▲36.0% | $13,659,753▲24.8% | $240,930,774▲32.2% | $310,474,052▲17.8% | 990 |
| 2021 | $53,198,670▲174% | $10,949,658▼29.7% | $182,249,718▲30.2% | $263,616,606▲9.0% | 990 |
| 2020 | $19,403,648▼45.5% | $15,582,573▼17.0% | $140,000,706▲2.8% | $241,916,741▲23.3% | 990 |
| 2019 | $35,625,095▲81.4% | $18,773,712▼23.9% | $136,179,631▲14.1% | $196,229,771▲8.8% | 990 |
| 2018 | $19,640,053▼20.1% | $24,672,577▲294% | $119,328,248▼30.6% | $180,353,578▼14.6% | 990 |
| 2017 | $24,574,344▼20.2% | $6,260,896▼10.4% | $172,027,389▲15.2% | $211,310,459▲21.4% | 990 |
| 2016 | $30,777,426▲2.0% | $6,990,345▼14.6% | $149,291,641▲21.6% | $174,078,204▲20.0% | 990 |
| 2015 | $30,170,747▲92.2% | $8,183,859▲6.2% | $122,802,334▲28.0% | $145,105,512▲18.4% | 990 |
| 2014 | $15,700,292▲260% | $7,706,308▲72.0% | $95,961,351▲15.4% | $122,522,983▲32.7% | 990 |
| 2013 | $4,359,311 | $4,480,148▲20.3% | $83,122,817▲2.0% | $92,350,744▲11.0% | 990 |
| 2012 | — | $3,723,619▲6.3% | $81,460,775▲22.5% | $83,165,257▲14.9% | 990 |
| 2011 | — | $3,504,159 | $66,517,331 | $72,394,496 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Jason Goldblatt — $426,350 (7.50% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jason Goldblatt | Ceo and Chairman | 40 | $426,350 |
| Todd Travis | President and Coo | 40 | $387,350 |
| Benjamin M Soto | Director | 1 | $31,500 |
| Bernard Beal | Director | 1 | $31,500 |
| Gilead Morse | Director | 1 | $31,500 |
| Gregory O'dell | Director | 1 | $31,500 |
| Candace Herring | Director | 1 | $28,000 |
| Jon Shiffman | Director | 1 | $28,000 |
| Mark Weller | Director | 1 | $28,000 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Federal Realty Investment Trust | Office Space Lease | $639,696 |
| Carefirst Bluecross Blueshield | Healthcare | $325,162 |
| King & Spaulding | Legal Services | $295,748 |
| Ntiva Inc | Tech Support | $186,994 |
| Tkr Advisors LLC | Accounting and Tax | $173,452 |
Grants made · $279K in FY2024
23 grants totaling $279K in FY2024 — showing the 15 largest. All grants made by National Foundation For Affordable Housing Solutions Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Casey Cares Foundation Inc | Invest in programs and services that create a strong foundation for children to thrive long-term. | $35,000 |
| Western Golf Association | To support the evans scholars foundation and promote the game of golf. | $32,000 |
| Washington Jesuit Academy | Education | $25,000 |
| Bps Foundation | To support heath and athletics focused public charities | $25,000 |
| Gift of Life Marrow Registry Inc | To cure blood cancer through cellular therapy. | $25,000 |
| Lets Win Pancreatic Cancer Foundation | Let's win! pancreatic cancer foundation | $25,000 |
| Sanctuary For Families Inc | New york's leading service provider and advocate for survivors of domesticviolence, sex trafficking, and related forms of gender violence | $10,000 |
| Caves Valley Golf Club Foundation Inc | To improve the lives of young peoplethrough exposure to golfs customs, traditions, and rules of fair play. | $10,000 |
| The Ucla Foundation | Education | $10,000 |
| Dc Public Education Fund | Education | $10,000 |
| Duke University Philanthropies Inc | Education | $10,000 |
| The Blackbaud Giving Fund | To free & fair litigation group | $6,160 |
| Atlanta Humane Society & Society Prevention of Cruelty To Animals | To help homeless animals find loving homes, offering medical care to those in pain, and supporting outreach programs | $6,000 |
| Free and Fair Litigation Group Inc | To participate in litigation to support principles of democracy and rule of law in america. | $5,000 |
| Bender Jcc of Greater Washington | To cultivate communities and celebrate jewish life and values | $5,000 |
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Frequently asked questions
- Is National Foundation For Affordable Housing Solutions Inc a legitimate nonprofit?
- Yes. National Foundation For Affordable Housing Solutions Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 52-1665967, based in Rockville, Maryland. Donations are tax-deductible.
- What is National Foundation For Affordable Housing Solutions Inc's EIN?
- National Foundation For Affordable Housing Solutions Inc's Employer Identification Number (EIN) is 52-1665967.
- How much revenue does National Foundation For Affordable Housing Solutions Inc report?
- National Foundation For Affordable Housing Solutions Inc reported $8,352,404 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of National Foundation For Affordable Housing Solutions Inc's spending goes to programs?
- National Foundation For Affordable Housing Solutions Inc spends about 92% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does National Foundation For Affordable Housing Solutions Inc have?
- CharityIndex grades National Foundation For Affordable Housing Solutions Inc A, based on program efficiency and fundraising cost.
- How much does National Foundation For Affordable Housing Solutions Inc's highest-paid employee make?
- The highest reported compensation on National Foundation For Affordable Housing Solutions Inc's latest Form 990 is $426,350, paid to Jason Goldblatt (Ceo and Chairman).
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Data for National Foundation For Affordable Housing Solutions Inc (EIN 52-1665967) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.