Neighborhood Assistance Corporation of America

Nonprofit profile at a glance

EIN
043244616
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Boston, MA, USA
Phone
6172506222
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$42,341,304
Expenses
$23,138,594
Assets
$254,834,350
Liabilities
$6,894,717

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • BRUCE MARKS (PRESIDENT)
  • JEROME WASHINGTON (VICE-PRESIDENT)
  • ZAKKIYAH WALKER (VICE-PRESIDENT)

Highest reported compensation

  • BRUCE MARKS (PRESIDENT): $265,333 total reported compensation
  • DIEGO LUQUE (OPERATIONS): $224,004 total reported compensation
  • LEA WATTERSON (TRAINING DIRECTOR): $193,847 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To stabilize communities through affordable home ownership and community advocacy.

What it reported doing in 2024

Naca's mission is to stabilize communities through affordable homeownership and community advocacy. Naca provides unprecedented homeownership opportunities for primarily low and moderate income people and people purchasing in low and moderate income communities. This is primarily through education, mortgage assistance and mortgage origination in combination with access to affordable mortgages. Naca also assists homeowners who have an unaffordable mortgage. Naca's advocacy includes neighborhood stabilization initiatives and activities opposing predatory and discriminatory lending practices. Naca also addresses other issues of economic justice and financial exploitation of primarily low and moderate individuals and communities. Participants can become naca members and access the mortgage product available through naca and receive additional services including extensive post-purchase assistance to prevent the foreclosure on their home. Naca is open to all residents in the communities where naca has established its presence or provides services. Naca's national office is located in boston, Massachusetts with local offices servicing individuals and communities throughout the united states.

Operating model

Revenue model
Other-operating. 86% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 52
  • Transparency & Controls: 77
  • Accountability: 85
  • Sustainability: 86
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 49%; rating input score 49
  • Program expense ratio: 75.4%; rating input score 75
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 75%; rating input score 75; 14th 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: 45.4%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 11.01; rating input score 92; 92nd percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 88; 88th percentile among comparable filings
  • Officer compensation ratio: 6.3%; rating input score 40; 40th percentile among comparable filings

Growth

  • Program expense growth: -3.4% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: -0.6% per year; rating input score 0; 7th percentile among comparable filings
  • Asset growth: 10.1% per year; rating input score 100; 65th percentile among comparable filings

Details

  • Where the money goes: 49% of revenue deployed · 75.4% of spending went to programs
  • Governance: 3 of 4 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $17.4M in reported program spending
  • Leadership: top reported pay $265K · 12 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $732K reported
  • Consistency: 30 of 30 current checks pass
  • Schedules: 6 filed schedules · includes executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 3 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 — Financial Efficiency: Mission deployment rate scored 49/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Officer compensation ratio scored 40/100.