NORTHSHORE HOUSING INITIATIVE INC, of COVINGTON, LA, is a Public Charity tracked in Imperigo's IRS 990 database. The 2022 filing shows $66K in revenue, $90K in expenses, $697K in total assets. 2 publicly reported grants to this organization, totaling roughly $31K, appear in IRS filings.
NORTHSHORE HOUSING INITIATIVE (NHI) IS A COMMUNITY LAND TRUST, A COMMUNITY BASED ORGANIZATION COMMITTED TO THE PERMANENT STEWARDSHIP OF LAND AND THE LONG-TERM AFFORDABILITY OF WORKFORCE HOUSING. USING A SHARED EQUITY MODEL, NHI HELPS MODERATE-INCOME HOMEBUYERS PURCHASE A HOME BY INVESTING IN THE LAND. THE LAND IS LEASED TO THE HOMEBUYER BY THE TRUST WITH A LONG-TERM LEASE THAT INCLUDES A RESALE FORMULA TO ENSURE AFFORDABILITY IS PRESERVED FOR THE NEXT HOMEBUYER.
Showing up to 5 of 2 total records — full history available with membership.
Officer compensation and complete director data available with membership.
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2022 | $66K | $90K | $697K |
| 2021 | $216K | $84K | $731K |
| 2020 | $115K | $83K | $602K |
| 2019 | $196K | $112K | $555K |
| 2018 | $298K | $119K | $540K |
Between 2018 and 2022, reported annual revenue declined from $298K to $66K (-78%), with total assets most recently reported at $697K.
Interactive year-over-year charts and full filing details available with membership.
