Northern Nevada Community Housing Resource Board

The Northern Nevada Community Housing Resource Board is a nonprofit organization primarily focused on providing affordable housing options to low-income individuals in Washoe County, Nevada. Established with a mission to address housing needs in the community, the organization manages approximately 500 units of affordable housing through strategic acquisition and management of residential properties.

Mission and Activities

The organization's mission is to enhance the living conditions of low-income residents by offering accessible housing solutions. It achieves this through the procurement and management of numerous rental properties, significantly contributing to the availability of affordable housing in the area.

Governance and Financial Management

Northern Nevada Community Housing Resource Board is recognized as a 501(c)(3) entity, ensuring that donations to the organization are tax deductible. It has received a Three-Star rating from Charity Navigator, highlighting its strong governance and financial transparency. The organization's financial management includes a high program expense ratio, though there are indications for potential improvements in financial sustainability metrics.

Executive Leadership

Matthew Fleming serves as the Executive Director of the Northern Nevada Community Housing Resource Board.

Community Impact

Through its efforts, the organization plays a crucial role in improving the stability and quality of life for low-income residents in Reno, Nevada, by directly addressing their housing needs.

Legitimacy

As a registered nonprofit, Northern Nevada Community Housing Resource Board submits Form 990, demonstrating operational transparency and adherence to U.S. regulatory requirements.

However, it appears there has been some confusion with another organization named Northern Nevada Community Housing (NNCH), which is also dedicated to providing affordable housing in the region but operates separately.

For clarity and accuracy, this article focuses on the Northern Nevada Community Housing Resource Board with EIN 880247057, and it is essential to distinguish it from other similarly named organizations.

Financial Overview

The organization's financial operations are primarily driven by program services, with other salaries and wages constituting a significant portion of its expenses. There are no executive compensation fees or professional fundraising costs reported.

Key Statistics

• Units Managed: Approximately 500.
• Program Expense Ratio: 63.97%.
• Liabilities to Assets Ratio: 60.29%.
• Key Employees' Compensation: $0 for executive compensation.
• Professional Fundraising Fees: $0.

Overall, the Northern Nevada Community Housing Resource Board is committed to enhancing the living conditions of its community members through the provision of affordable housing solutions. Its operations reflect a strong commitment to accountability and governance, though there is room for improvement in certain financial metrics.