Ithaca Neighborhood Housing Services Inc

Organization Overview

Ithaca Neighborhood Housing Services Inc is located in Ithaca, NY. The organization was established in 1977. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Ithaca Neighborhood Housing Services Inc employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ithaca Neighborhood Housing Services Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Ithaca Neighborhood Housing Services Inc generated $10.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $5.5m during the year ending 12/2021. While expenses have increased by 1.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

DEDICATED TO EXPANDING HOUSING OPPORTUNITIES FOR LOW AND MODERATE-INCOME RESIDENTS OF CAYUGA, CHEMUNG, CORTLAND, SCHUYLER, SENECA, TIOGA, AND TOMPKINS COUNTIES. IT SEEKS TO FOSTER COMMUNITIES THAT EMBRACE DIVERSITY, EQUITY, AND SUSTAINABILITY IN WAYS THAT PRODUCE LASTING OUTCOMES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HOME PROGRAM FUND - GRANTS FOR ELIGIBLE PURCHASE ASSISTANCE AND HOME IMPROVEMENT.


REAL ESTATE DEVELOPMENT FUND - DEVELOP NEW FOR-SALE AND/OR AFFORDABLE RENTAL UNITS, PURCHASE AND REHABILITATE PROPERTIES FOR HOME OWNERSHIP OR RENTAL HOUSING.


SCATTERED SITES CONSOLIDATED FUNDS - RESIDENTIAL AND COMMERCIAL RENTAL UNITS OWNED AND MANAGED BY INHS.


VARIOUS LOAN AND GRANT FUNDS


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Hamilton Stern Construction Llc
Construction
$688,332
Integrated Computer Solutions Of Vestal
It Services
$170,595
Hancock Estabrook Llp
Legal
$107,764
Dw Custom Carpentry Llc
Carpentry
$117,905
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$738
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $3,769,216
All other contributions, gifts, grants, and similar amounts not included above$1,945,149
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$5,715,103
Total Program Service Revenue$5,145,298
Investment income $3,498
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $236,606
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$1,029,939
Miscellaneous Revenue$0
Total Revenue $10,070,566

Grants Recieved

Over the last fiscal year, we have identified 8 grants that Ithaca Neighborhood Housing Services Inc has recieved totaling $879,551.

Awarding OrganizationAmount
Enterprise Community Partners Inc

Columbia, MD

PURPOSE: COMMUNITY PRESERVATION AND DEVELOPMENT

$790,500
Community Foundation Of Tompkins County Inc

Ithaca, NY

PURPOSE: GENERAL SUPPORT

$26,150
Morgan Stanley Global Impact Funding Trust Inc

Indianapolis, IN

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$20,000
Legacy Foundation Of Tompkins County

Ithaca, NY

PURPOSE: AWARDS, CONTRIBUTIONS & OPERATIONS

$19,000
United Way Of Tompkins County Inc

Ithaca, NY

PURPOSE: GENERAL ASSISTANCE

$13,916
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$5,000
View Grant Recipient Profile

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