Navigate Affordable Housing Partners
Legal name: Navigate Affordable Housing Partners Inc
Nonprofit profile at a glance
- EIN
- 630985617
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Aug 2026
- Forms available
- Form 990 2024
- Location
- Birmingham, AL, United States
- Phone
- 888-466-5572
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $919,273,953
- Expenses
- $909,261,541
- Assets
- $93,225,339
- Liabilities
- $4,563,480
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- LISA M MCCARROLL (CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- LISA M MCCARROLL (CHIEF EXECUTIVE OFFICER): $381,763 total reported compensation
- JULIE L REYNOLDS (CHIEF OPERATING OFFICER): $366,755 total reported compensation
- THOMAS P GERUNDO (HIGHLY COMPENSATED EMPLOYE): $230,581 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Navigate Affordable Housing Partners is a nonprofit committed to the belief that everyone deserves a safe, affordable place to call home. Navigate’s culture is rooted in a shared commitment to making a difference through affordable housing solutions. We believe a supportive work environment is essential to achieving our mission and fostering personal and professional growth. Our core values guide our actions and shape the way we interact with our colleagues, clients and the communities we serve. Our hiring process is designed to ensure that both you and Navigate make the right decision when it comes to joining our team. We value getting to know our applicants and offering them an opportunity to understand our history, culture and commitment to providing exceptional service for our clients. About Navigate.
What it reported doing in 2024
Low income, multifamily units either occupied or under construction and various other ancillary facilities such as laundromat, recreation building, etc. Also provide management services for hud in four states.
Operating model
- Revenue model
- Grant-funded. 96% of the money available for current operations came from government grants.
- Distribution model
- Grant intermediary. The nonprofit sent 99% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 91
- Accountability: 100
- Sustainability: 40
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 98.3%; rating input score 98
- Program expense ratio: 99.4%; rating input score 99
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Missing
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 1.1%; rating input score 38; 38th percentile among comparable filings
- Total-asset coverage ratio: 0.1; rating input score 3; 3rd percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 89; 89th percentile among comparable filings
- Officer compensation ratio: 0.2%; rating input score 91; 91st percentile among comparable filings
Growth
- Program expense growth: 5.4% per year; rating input score 100; 44th percentile among comparable filings
- Revenue growth: 5.1% per year; rating input score 100; 44th percentile among comparable filings
- Asset growth: 9.2% per year; rating input score 100; 66th percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 98.3% of revenue deployed · 99.4% of spending went to programs
- Governance: 5 of 5 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $903.6M in reported program spending
- Leadership: top reported pay $382K · 12 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $4.5M reported
- Consistency: 34 of 34 current checks pass
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 67 filed money-flow records
- Related organizations: 67 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 38/100.
- High — Sustainability: Total-asset coverage ratio scored 3/100.