Nhp Foundation
68% goes to programs $0 to raise $100 Strong reserves Declining revenue
Nhp Foundation is a 501(c)(3) organization based in New York, New York, registered in 1990, with $35,947,017 in FY2024 revenue. CharityIndex grades it C, and it directs about 68% of spending to programs.
122 East 42nd St 4900, New York, NY, 10168 EIN 52-1636004 Since 1990
Revenue (FY2024)
$35.9M
▼ 51.8% vs prior year
Housing median: $408K
Expenses (FY2024)
$54.1M
Net assets
$274.8M
Employees
70
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →BProgram efficiency40% of the rating68% to programs · $0 to raise $100
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 Nhp Foundation: 68% to programs · $0 to raise $100 earns a B on this criterion. See the exact thresholds →
FFinancial health25% of the rating61 mo reserves · -51% 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 Nhp Foundation: 61 mo reserves · -51% margin earns a F on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Nhp Foundation: 5 of 6 checks met earns a A 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 Nhp Foundation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The nhp foundation is a nonprofit dedicated to making investments to preserve & create affordable multifamily housing for low-to-moderate income families & seniors.
Contact & location
- Address
- 122 East 42nd St 4900, New York, NY, 10168
- City
- New York
- State
- New York
- Category
- Housing & Shelter
- Subcategory
- Housing Development & Management
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $22.9M (FY2014) to $35.9M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $262.1MNet assets $274.8M
Operating margin
-50.6%
Spent more than it raised in the latest fiscal year.
Total assets
$536.9M
Total liabilities
$262.1M
Net assets
$274.8M
Salaries & benefits
$14.9M
28% of expenses
Board members
12
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $35,947,017▼51.8% | $54,139,811▲49.5% | $274,804,914▲3.1% | $536,877,982▲25.9% | 990 |
| 2023 | $74,535,053▲52.8% | $36,214,932▲8.4% | $266,512,300▲17.2% | $426,582,552▲41.6% | 990 |
| 2022 | $48,789,999▼50.5% | $33,419,964▼56.7% | $227,331,615▲18.0% | $301,329,471▲4.4% | 990 |
| 2021 | $98,614,983▲206% | $77,105,994▲125% | $192,707,834▲14.4% | $288,555,579▼0.4% | 990 |
| 2020 | $32,236,005▲50.4% | $34,308,053▲33.0% | $168,399,670▲91.6% | $289,778,753▲53.8% | 990 |
| 2019 | $21,427,453▼24.0% | $25,789,554▼3.9% | $87,907,337▼4.7% | $188,390,325▲8.5% | 990 |
| 2018 | $28,204,017▼37.6% | $26,831,617▼5.7% | $92,232,154▲1.5% | $173,695,038▼11.9% | 990 |
| 2017 | $45,204,987▲94.6% | $28,467,438▲38.2% | $90,859,754▲20.7% | $197,134,316▲30.9% | 990 |
| 2016 | $23,226,396▲104% | $20,603,634▲46.5% | $75,265,843▲3.6% | $150,554,498▲44.0% | 990 |
| 2015 | $11,368,489▼50.4% | $14,060,392▲9.5% | $72,643,081▼3.6% | $104,516,920▲5.8% | 990 |
| 2014 | $22,915,089 | $12,845,558 | $75,334,984 | $98,782,003 | 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: Richard F Burns — $741,061 (1.37% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Richard F Burns | Ceo & Board Member | 15 | $741,061 |
| Eric Price | President | 20 | $512,500 |
| Stephen Green | Evp & Cio | 20 | $477,583 |
| Carlos Gonzales | Senior Vice President | 20 | $356,928 |
| John Welsh | Senior Vice President | 20 | $323,031 |
| Neal Drobenare | Svp, Acquisitions/prospect | 34 | $315,715 |
| Fred Mitchell | Senior Vice President | 35 | $314,598 |
| Mecky Adnani | Svp, Acquisitions | 35 | $310,155 |
| Mansur Abdul-malik | Senior Vice President | 20 | $307,417 |
| Scott Barkan | Svp, Senior Project Manager | 35 | $299,489 |
| Alla Eleon | Svp, Cao, & Treasurer | 20 | $282,955 |
| C Meade Rhoads Jr | Vice President | 20 | $265,468 |
| John G Hoffer | Vice President | 20 | $256,808 |
| Joseph P Wiedorfer | Svp & Corporate Secretary | 20 | $248,998 |
| Kenneth D White | Vice President | 20 | $238,216 |
| Ian Sobel | Vice President, Asset Mgmt | 35 | $234,626 |
| Tim B Pryor | Vice President | 20 | $227,983 |
| Thomas G Vaccaro | Senior Vice President | 20 | $223,098 |
| Dawn Gutierrez | Vice President | 20 | $194,739 |
| Thalia Lankin | Chief Administrative Officer | 20 | $142,877 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Legacy Real Estate Development LLC | Real Estate Developer | $550,000 |
| Commercial Group LLC | Comprehensive Construction Services | $500,000 |
| Smith & Company Architects Inc | Architects | $217,445 |
| Cohn Reznick | Advisory, Assurance & Tax Services | $197,490 |
| West River Self-help Investment Plan Ll | Community Based Investment Group | $175,000 |
Grants received · $2.3M total
13 grants to Nhp Foundation totaling $2.3M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Greater Chicago Food Depository | Distribute to the hungry | 2024 | $8,927 |
| Texas State Affordable Housing Corporation | House counseling services | 2023 | $13,000 |
| Greater Chicago Food Depository | Distribute to the hungry | 2023 | $8,434 |
| Share Our Strength | Childhood hunger programs | 2022 | $165,000 |
| Share Our Strength | Childhood hunger programs | 2022 | $165,000 |
| Corporation For Supportive Housing | Financial assistance | 2021 | $1,497,500 |
| Kaiser Foundation Health Plan Inc | National law center on homlessness & poverty gala | 2018 | $10,000 |
| Greater Washington Community Foundation | General support building | 2017 | $87,500 |
| Second Harvest Food Bank of Greater New Orleans and Acadiana | To provide food assistance for persons in need | 2017 | $5,567 |
| United Way of Metropolitan Dallas Inc | Program ops cost | 2016 | $11,667 |
| Greater Washington Community Foundation | General support building | 2015 | $175,000 |
| United Way of Metropolitan Dallas Inc | Program ops cost | 2015 | $8,750 |
| Greater Washington Community Foundation | General support building | 2014 | $180,000 |
Grants made · $1.1M in FY2024
1 grant totaling $1.1M in FY2024. All grants made by Nhp Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| Operation Pathways Inc | General support | $1,108,642 |
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Compare Nhp Foundation
Frequently asked questions
- Is Nhp Foundation a legitimate nonprofit?
- Yes. Nhp Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 52-1636004, based in New York, New York. Donations are tax-deductible.
- What is Nhp Foundation's EIN?
- Nhp Foundation's Employer Identification Number (EIN) is 52-1636004.
- How much revenue does Nhp Foundation report?
- Nhp Foundation reported $35,947,017 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Nhp Foundation's spending goes to programs?
- Nhp Foundation spends about 68% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Nhp Foundation have?
- CharityIndex grades Nhp Foundation C, based on program efficiency and fundraising cost.
- How much does Nhp Foundation's highest-paid employee make?
- The highest reported compensation on Nhp Foundation's latest Form 990 is $741,061, paid to Richard F Burns (Ceo & Board Member).
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Data for Nhp Foundation (EIN 52-1636004) 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.