Nhh-Canal Street Apartments Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
See Schedule O
- Income
- $1.1 million
- Spending
- $1.4 million
- Spent on programs
- 91%
- Reserves
- 4 months of spending
- Largest source of income
- fees for its services, 97%
- Employees
- 0
- Volunteers
- 8
- Highest pay
- $382,986, president & ceo
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 70 out of 100. Higher than 57% of charities in its peer group (housing, $1m to $10m).
Reserves
20 of 35Spendable reserves would cover 4.0 months of spending.
Debt
20 of 20It owes 7% of what it owns.
Living within its means
0 of 15Spending exceeded income by 26% of income.
Income trend
15 of 15Income rose 9% on the year before.
Spending floor
15 of 1591% of spending went to programs.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 70% of charities in its peer group (housing, $1m to $10m).
Independent board
25 of 257 of 7 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (2)
- $1.2 million spent. NHH at Canal - 134 units New Hope Housing facilitated the development and construction of NHH at Canal, owned by its subsidiary, NHH-Canal Street Apartments, Inc. The Canal building is Houston's first SRO in a neighborhood and opened in November 2005 at 2821 Canal Street in Houston's historic Second Ward/East End. Canal serves adults living singly on low incomes. The Canal development received numerous accolades including an AIA-Houston design award; the 2009 ULI-Houston Development of Distinction award; and was a finalist for ULI's 2009 Award for Excellence-North and South America. This recognition proves that affordable SRO housing can fill a public need and still be stylish - all on a shoestring budget. The development costs were funded through a public/private partnership that includes the City of Houston, Texas Department of Housing and Community Affairs, the Federal Home Loan Bank of Atlanta, and a broad array of foundation, corporate, and individual donors.
- $82,743 spent. Resident Services Program: New Hope Housing offers permanent supportive housing to people who have a long-range need for low-cost, supportive housing. Of course, there are residents who prefer to live at a New Hope property during a transitional time in their lives, later reuniting with family, or moving into market rate housing. As part of providing a supportive environment, New Hope operates the Resident Services Program, a four-pronged initiative that includes: (1) Assistance from the on-site Case Managers and Community Support Specialists who coordinate access to social services and to whom residents can turn if they are facing special difficulties. (2) Direct assistance with basic necessities, financial services, and food security that promote stability in the lives of residents. (3) Educational opportunities, life skills training, social activities, and healthcare access for spiritual, social, and physical well-being, and for equitable opportunities. (4) A Resident Feedback Collaborative, which closes feedback loops and amplifies resident voice, ensuring New Hope's Housing + Services are meeting true resident needs. More people have been housed in Houston, Texas since 2012 than ever before thanks to a strongly supported housing system. Yet much work remains to fill the approximately 195,000 shortage of affordable homes. This drives New Hope's intent to be an enduring institution serving people in Houston experiencing homelessness and those at risk of becoming unhoused.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since September 2002.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.