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Non-profit

NHT Communities (NHTC)

Website:

www.nationalhousingtrust.org
Location:

WASHINGTON, DC
Tax ID:

31-1662007
Tax-Exempt Status:

501(c)(3)

Budget (2020):

Revenue: $20,308,108
Expenses: $20,039,842
Assets: $157,665,341
Type:

Low-income housing preservation
Founded:

1999
CEO:

Priya Jayachandran

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NHT Communities (NHTC), previously National Housing Trust Enterprise Preservation Corporation, is a low-income housing development company based in Washington, D.C. NHTC preserves and improves low-income multifamily housing. It does this through acquisition of multifamily housing developments, improvements to the properties, property management, and providing resident services. 1 It is affiliated with National Housing Trust. 2

The NHT Renewables program launched and managed by NHT Communities supports left-of-center environmental policy goals. NHTC’s property management provides services to the low-income communities owned by NHT to “advance racial equity and reduce economic disparities.” 3

Background

NHT Communities was founded in 1999 4 as a joint endeavor of National Housing Trust and Enterprise Community Partners, 5 a nonprofit low-income housing development and advocacy organization. 6 It is the real estate arm of National Housing Trust. 7

It was formerly known as National Housing Trust Enterprise Preservation Corporation and changed its name to NHT Communities in 2019. 8 It was also previously known as NHT-Enterprise. 9 NHT Communities leverages the staff of National Housing Trust. 10

Work Areas

NHT Communities focuses its low-income housing acquisition and preservation in four areas: maintaining long-term affordability for low-income communities, ensuring quality in new construction and addressing physical and capital needs in existing buildings, incorporating environmentalist technologies and solutions wherever possible, and creating community services and programs for residents. 11

NHT Renewables, a subsidiary of NHTC, was launched in 2014. 12 NHT Renewables focuses on the installation and operation of solar systems for low-income housing communities. 13 In 2019 NHTC partnered with Urban Ingenuity on a Solar for All project in Washington, D.C. The project supports left-of-center environmental policy goals that call for reducing greenhouse gas emissions by 50 percent, increasing the use of renewable energy to 50 percent of the district’s energy supply, and reducing energy use by 50 percent by 2032. 14

NHTC provides asset management to NHT properties through property management and community outreach to “advance racial equity and reduce economic disparities.” 15 Services include support for resident leadership in the communities, civic engagement activities, youth development, social events, and wellness programs. 16 In March 2023 NHTC partnered with AmeriCorps to develop digital literacy training for NHT communities. 17

National Housing Trust is the controlling organization for NHT Communities and for lending institutions National Housing Trust Community Development Fund and Institute for Community Economics. 18

Institute for Community Economics and National Housing Trust Community Development Fund are Community Development Financial Institutions (CDFIs) 19 which are financial institutions focused on lending to support low-income communities. 20

Financials

NHT Communities reported revenues of $20,308,108 and expenses of $20,039,842 in 2020. Revenues included $3.5 million in grants and contributions and $16 million in program services revenue, 21 which is made up of rental income, developer fees, loan revenues, management fees, and energy billing income. 22

Leadership

Priya Jayachandran became president and CEO in 2018. Previously she was a senior vice president at Volunteers of America (VOA) focused on affordable housing development. Prior to VOA she was a deputy assistant secretary at the Department of Housing and Urban Development (HUD) focused on multifamily housing. 23 Jayachandran is also president of National Housing Trust and affiliate organization National Housing Trust Community Development Fund. 24 25

Kevin White joined NHT Communities as vice president in 2012. He’s worked in affordable housing development since 1995 including Volunteers of America, Habitat for Humanity, and AmeriCorps. 26

Some of the officers of National Housing Trust  are also officers of NHT Communities. The NHT Communities board members are appointed by the NHT board. 27 President Priya Jayachandran, vice president Kevin White, secretary Tracy Kaufman, and treasurer Angela Bruno of NHT Communities are also officers of NHT. 28

References

  1. NHT Communities. Return of Organization Exempt From Income Tax. (Form 990 – Schedule O). 2020.
  2. National Housing Trust. Return of Organization Exempt From Income Tax. (Form 990 – Schedule R). 2020.
  3. National Housing Trust home page. Accessed March 30, 2023. https://nationalhousingtrust.org/
  4. Donna Kimura. “Nonprofits Acquire Maryland NOAH Property.” Affordable Housing Finance. August 19, 2021. Accessed March 31, 2023. https://www.housingfinance.com/developments/nonprofits-acquire-maryland-noah-property_o
  5. Donna Kimura. “Bodaken to Leave NHT.” Affordable Housing Finance. December 11, 2017. Accessed March 29, 2023. https://www.housingfinance.com/management-operations/bodaken-to-leave-nht_o
  6. “About.” Enterprise Community Partners. Accessed April 1, 2023. https://www.enterprisecommunity.org/about
  7. Donna Kimura. “Nonprofits Acquire Maryland NOAH Property.” Affordable Housing Finance. August 19, 2021. Accessed March 31, 2023. https://www.housingfinance.com/developments/nonprofits-acquire-maryland-noah-property_o
  8. NHT Communities. Return of Organization Exempt From Income Tax. (Form 990 – Part I). 2019.
  9. [1] “National Housing Trust – Enterprise Preservation Corporation.” NEEP (Northeast Energy Efficient Partnerships). Accessed April 1, 2023. https://neep.org/national-housing-trust-enterprise-preservation-corporation
  10. NHT Communities. Return of Organization Exempt From Income Tax. (Form 990 – Schedule O). 2019.
  11. NHT Communities. Return of Organization Exempt From Income Tax. (Form 990 – Part III). 2020.
  12. Position Profile Executive Director National Housing Trust. National Housing Trust. Accessed April 1, 2023. https://nationalhousingtrust.org/sites/default/files/news_file_attachments/CEO%20Position%20Profile%20NHT.pdf
  13. NHT Communities. Return of Organization Exempt From Income Tax. (Form 990 – Schedule R). 2019.
  14. “NHT Renewable Launches ‘Solar for All’ Project in Washington, D.C.” National Housing Trust – News. August 20, 2018. https://nationalhousingtrust.org/news/nht-renewable-launches-solar-all-project-washington-dc
  15. National Housing Trust home page. Accessed March 30, 2023. https://nationalhousingtrust.org/
  16. NHT/Enterprise Preservation Corporation brochure. Housing Resource Center. Accessed April 1, 2023. https://www.housingresourcecenter.com/assets/Preservation-Info-Senior-Property-Preservation-Program-Brochure.pdf
  17. Crystal Brumfield. “Partnering with Americorps for Digital Equity in Affordable Housing.” National Housing Trust – News. March 16, 2023. Accessed April 1, 2023. https://nationalhousingtrust.org/news/partnering-americorps-digital-equity-affordable-housing
  18. National Housing Trust. Return of Organization Exempt From Income Tax. (Form 990 – Schedule R). 2020.
  19. CRA Rulemaking Comment Letter: National Housing Trust (NHT). Novogradac. August 4, 2022. https://www.novoco.com/sites/default/files/atoms/files/occ-cra-rulemaking-2022-0002-national-housing-trust-08042022.pdf
  20. Emily Guy Birken, Daphne Foreman. “What Is A Community Development Financial Institution (CDFI)?” Forbes Advisor. September 29, 2020. Accessed March 29, 2023. https://www.forbes.com/advisor/banking/what-is-a-cdfi-community-development-financial-institution/
  21. NHT Communities. Return of Organization Exempt From Income Tax. (Form 990 – Part I). 2020.
  22. NHT Communities. Return of Organization Exempt From Income Tax. (Form 990 – Part VIII). 2020.
  23. “National Housing Trust Names Priya Jayachandran President.” NH&RA (National Housing & Rehabilitation Association). Accessed March 29, 2023. https://www.housingonline.com/2018/01/10/national-housing-trust-names-priya-jayachandran-president/
  24. National Housing Trust. Return of Organization Exempt From Income Tax. (Form 990 – Part VII). 2020.
  25. National Housing Trust Community Development Fund. Return of Organization Exempt From Income Tax. (Form 990 – Part VII). 2019.
  26. “Staff.” National Housing Trust – Who We Are. Accessed April 1, 2023. https://nationalhousingtrust.org/who-we-are/kevin-white
  27. NHT Communities. Return of Organization Exempt From Income Tax. (Form 990 – Schedule O). 2020.
  28. NHT Communities. Return of Organization Exempt From Income Tax. (Form 990 – Schedule O). 2020.
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Nonprofit Information

  • Accounting Period: December - November
  • Tax Exemption Received: November 1, 1999

    • Available Filings

    Period Form Type Total revenue Total functional expenses Total assets (EOY) Total liabilities (EOY) Unrelated business income? Total contributions Program service revenue Investment income Comp. of current officers, directors, etc. Form 990
    2020 Dec Form 990 $20,308,108 $20,039,842 $157,665,341 $130,938,632 N $3,507,213 $15,982,467 $169,397 $0
    2019 Dec Form 990 $6,409,958 $9,766,548 $103,419,630 $72,070,940 N $627,300 $4,707,707 $983,056 $0 PDF
    2019 Jun Form 990 $5,204,000 $3,304,740 $50,709,787 $31,975,303 N $909,423 $2,917,386 $208,673 $0 PDF
    2018 Jun Form 990 $17,575,391 $13,371,796 $101,121,096 $82,466,065 N $6,444,213 $12,700,049 $585,768 $442,986 PDF
    2017 Jun Form 990 $6,431,946 $6,869,502 $87,469,948 $72,872,438 N $476,403 $5,889,760 $136,013 $577,353 PDF
    2016 Jun Form 990 $5,289,475 $5,334,352 $47,386,086 $32,507,844 N $1,022,020 $4,133,533 $126,876 $373,587 PDF
    2015 Jun Form 990 $6,098,703 $5,702,199 $46,471,891 $31,545,829 N $1,118,411 $4,871,133 $110,376 $425,571 PDF
    2014 Jun Form 990 $5,532,321 $5,262,497 $44,379,297 $29,789,504 N $955,076 $3,887,184 $174,114 $404,575 PDF
    2013 Jun Form 990 $5,141,024 $4,854,657 $48,506,927 $34,181,687 N $916,452 $4,097,674 $125,545 $226,726 PDF
    2012 Jun Form 990 $7,803,761 $4,014,186 $39,264,922 $25,165,309 N $3,567,073 $4,093,916 $139,868 $443,247 PDF
    2011 Jun Form 990 $8,533,338 $3,308,336 $27,695,596 $17,520,285 N $4,149,936 $3,072,327 $156,075 $297,084 PDF

    Additional Filings (PDFs)

    NHT Communities (NHTC)

    1101 30TH ST NW STE 100A
    WASHINGTON, DC 20007-3706