Neighborhood of Affordable Housing Inc

What it reported doing in 2025

Noah rental housing case management/homelessness prevention programming: this free, bilingual program is comprised of several related service lines, all working to help no-, low- or moderate-income households move along the housing spectrum from being either homeless or at risk of homelessness to being able to obtain shelter or else to retain or obtain apartment homes. These service lines include: -ehap (emergency housing assistance program) - serves newly homeless disaster victims; provides short-term emergency hotel stays immediately following any such red cross assistance, as well as move-in grants paid to the new landlord (deposit for first/ or last month rent up to $3,200); also provides case management, as needed. This ehap program was first established in 2020. -fsnp (family safety net) - serves recently homeless families with minor children; provides short-term emergency hotel stays, referrals, and/or counseling/case management assistance in transitioning to shelter or housing-tsf (tenant stabilization funds) - serves homeless or those at risk of homelessness; provides rental funding grants paid to landlords to prevent evictions 'upstream' (preferred) or for first or last and deposit for new apartments up to $5,000-homelessness prevention - provides counseling and/or case management for households at risk of homelessness soon, but not immediately or for those who do not meet the criteria of the three service lines above-covid-19 rent relief - serves households negatively impacted financially by covid-19; provides rent payments to landlords to keep households in their apartment homes through paying rental arrears and/or future stipends; also pays late utility bills up to $1,500 and/or move-in costs.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 92.2%; rating input score 92
• Fundraising efficiency: $14.79 raised per $1 spent on fundraising; rating input score 49; 49th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 1 of 6 controls in place; rating input score 17
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 100%; rating input score 100; 63rd 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: -14.4%; rating input score 7; 7th percentile among comparable filings
• Total-asset coverage ratio: 4.07; rating input score 77; 77th percentile among comparable filings
• Liabilities to assets ratio: 1.08; rating input score 2; 2nd percentile among comparable filings
• Officer compensation ratio: 9.7%; rating input score 34; 34th percentile among comparable filings

Growth

• Program expense growth: 12.1% per year; rating input score 100; 68th percentile among comparable filings
• Revenue growth: 8.9% per year; rating input score 100; 61st percentile among comparable filings
• Asset growth: 13.1% per year; rating input score 100; 69th percentile among comparable filings