Manchester Neighborhood Housing Services Inc
- Assets
- $10.7m
- Revenue
- $3.5m
- Investments
- $171.8k
- Employees
- 17
- Location
- Manchester, NH
- Founding
- 08/1992
- Data as of
- 03/2024
- EIN
- 02-0455301
Organization Overview
Manchester Neighborhood Housing Services Inc, operating under the name NeighborWorks Southern New Hampshire, is located in Manchester, NH. The organization was established in 1992. 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 03/2024, NeighborWorks Southern New Hampshire employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. NeighborWorks Southern New Hampshire 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 03/2024, NeighborWorks Southern New Hampshire generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $2.6m during the year ending 03/2024. While expenses have increased by 6.3% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
LOW INCOME HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOME OWNERSHIP - OFFERING A PANOPLY OF EDUCATIONAL SEMINARS, WORKSHOPS AND ONE-ON-ONE COUNSELING TO HELP INDIVIDUALS AND FAMILIES UNDERSTAND CRITICAL COMPONENTS OF HOMEOWNERSHIP, INCLUDING ITS FINANCIAL RESPONSIBILITIES, MAINTENANCE AND UPKEEP OF A HOME, AND THE PROCESS AND ELEMENTS OF PURCHASING A HOME, INCLUDING CONSIDERATION OF WHETHER HOME PURCHASE IS A PRUDENT CHOICE AT THIS TIME. NEIGHBORWORKS IS A HUD-APPROVED COUNSELING AGENCY WITH HUD LICENSED COUNSELORS ON STAFF. IN ADDITION, NEIGHBORWORKS IS AUTHORIZED AS A MORTGAGE LENDER TO PROVIDE LENDING PRODUCTS TO INCOME-QUALIFIED CLIENTS. THE EDUCATION/COUNSELING PROGRAMS INCLUDE FIRST-TIME HOMEBUYER, LANDLORD TRAINING, AND FINANCIAL CAPABILITIES.
NEIGHBORHOOD DEVELOPMENT - ACTIVITIES TO DEVELOP AFFORDABLE HOUSING FOR SALE OR RENT, CREATE/FACILITATE COMMUNITY, AND NEIGHBORHOOD-BASED ACTIVITIES INCLUDING INITIATIVES TO ENGAGE TENANTS AND RESIDENTS IN THEIR COMMUNITY AND/OR REVITALIZE NEGLECTED NEIGHBORHOODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Almonte Chair | OfficerTrustee | 2 | $0 |
Eric Leblanc Vice Chair | OfficerTrustee | 2 | $0 |
Nick Villeneuve Treasurer | OfficerTrustee | 2 | $0 |
Megan Carrier ESQ Secretary | OfficerTrustee | 2 | $0 |
David Grappone Board Member | Trustee | 2 | $0 |
Awilda Muniz Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sheehan Phinney Bass Green Pa Legal Services | 3/30/23 | $532,117 |
John S Jordan Design Pllc Architecture | 3/30/23 | $206,040 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $25,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,560,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $620,681 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,205,681 |
| Total Program Service Revenue | $1,123,706 |
| Investment income | $141,907 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,471,294 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $292,619 |
| Compensation of current officers, directors, key employees. | $292,619 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $835,885 |
| Pension plan accruals and contributions | $26,400 |
| Other employee benefits | $116,819 |
| Payroll taxes | $80,091 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $683 |
| Fees for services: Accounting | $51,599 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44,501 |
| Advertising and promotion | $36,836 |
| Office expenses | $45,141 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $97,876 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,014 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,615 |
| Insurance | $39,444 |
| All other expenses | $0 |
| Total functional expenses | $2,620,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,273,761 |
| Pledges and grants receivable | $407,502 |
| Accounts receivable, net | $1,006,374 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,597,372 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $38,135 |
| Net Land, buildings, and equipment | $202,525 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $171,827 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,014,516 |
| Total assets | $10,712,012 |
| Accounts payable and accrued expenses | $125,908 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,010,292 |
| Total liabilities | $1,136,200 |
| Net assets without donor restrictions | $8,225,831 |
| Net assets with donor restrictions | $1,349,981 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,712,012 |
Grants Awarded
Over the last fiscal year, Manchester Neighborhood Housing Services Inc has awarded $530,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NWGM TITLE HOLDING COMPANY LLC PURPOSE: Pass thru tax credits received from NH CDFA. | $230,000 |
NWGM TITLE HOLDING COMPANY II INC PURPOSE: Pass thru tax credits received from NH CDFA. | $300,000 |