Neighborhood Of Affordable Housing Inc

Organization Overview

Neighborhood Of Affordable Housing Inc is located in East Boston, MA. The organization was established in 1988. 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, Neighborhood Of Affordable Housing Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood Of Affordable Housing 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, Neighborhood Of Affordable Housing Inc generated $13.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $13.3m during the year ending 12/2021. While expenses have increased by 24.4% 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

THE NEIGHBORHOOD OF AFFORDABLE HOUSING INC.'S (NOAH), A COMMUNITY DEVELOPMENT CORPORATION, PROMOTES EQUITY, COMMUNITY COHESION, ENVIRONMENTAL JUSTICE, AND ECONOMIC RESILIENCY. WE INCREASE ACCESS TO AFFORDABLE HOUSING, CREATE SOCIAL AND ECONOMIC OPPORTUNITIES, AND EMPOWER RESIDENTS TO BE LEADERS OF CHANGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

NOAH RENTAL HOUSING COUNSELING/HOMELESSNESS PREVENTION PROGRAMMING: THIS FREE, BILINGUAL PROGRAM IS COMPRISED OF SEVERAL RELATED SERVICE LINES, ALL WORKING TO HELP NO-, LOW- OR MODERATE-INCOME HOUSEHOLDS MOVE ALONG THE HOUSING SPECTRUM FROM BEING EITHER HOMELESS OR AT RISK OF HOMELESSNESS TO BEING ABLE TO OBTAIN SHELTER OR ELSE TO RETAIN OR OBTAIN APARTMENT HOMES. THESE SERVICE LINES INCLUDE: -EHAP (EMERGENCY HOUSING ASSISTANCE PROGRAM) - SERVES NEWLY HOMELESS DISASTER VICTIMS; PROVIDES SHORT-TERM EMERGENCY HOTEL STAYS IMMEDIATELY FOLLOWING ANY SUCH RED CROSS ASSISTANCE, AS WELL AS MOVE-IN GRANTS PAID TO THE NEW LANDLORD (DEPOSIT FOR FIRST/ OR LAST MONTH RENT UP TO $3,200); ALSO PROVIDES COUNSELING/CASE MANAGEMENT, AS NEEDED. THIS EHAP PROGRAM WAS FIRST ESTABLISHED IN 2020 AND BENEFITED 1,353 GRANT RECIPIENTS THUS FAR AND WILL CONTINUE INTO 2022.-FSNP (FAMILY SAFETY NET) - SERVES RECENTLY HOMELESS FAMILIES WITH MINOR CHILDREN; PROVIDES SHORT-TERM EMERGENCY HOTEL STAYS, REFERRALS, AND/OR COUNSELING/CASE MANAGEMENT ASSISTANCE IN TRANSITIONING TO SHELTER OR HOUSING-FAP (FINANCIAL ASSISTANCE) - SERVES HOMELESS OR THOSE AT RISK OF HOMELESSNESS; PROVIDES RENTAL FUNDING GRANTS PAID TO LANDLORDS TO PREVENT EVICTIONS 'UPSTREAM' (PREFERRED) OR FOR FIRST OR LAST AND DEPOSIT FOR NEW APARTMENTS UP TO $2,500-HOMELESSNESS PREVENTION - PROVIDES COUNSELING AND/OR CASE MANAGEMENT FOR HOUSEHOLDS AT RISK OF HOMELESSNESS SOON, BUT NOT IMMEDIATELY OR FOR THOSE WHO DO NOT MEET THE CRITERIA OF THE THREE SERVICE LINES ABOVE-COVID-19 RENT RELIEF - SERVES HOUSEHOLDS NEGATIVELY IMPACTED FINANCIALLY BY COVID-19; PROVIDES RENT PAYMENTS TO LANDLORDS TO KEEP HOUSEHOLDS IN THEIR APARTMENT HOMES THROUGH PAYING RENTAL ARREARS AND/OR FUTURE STIPENDS; ALSO PAYS LATE UTILITY BILLS UP TO $1,500 AND/OR MOVE-IN COSTS.


RENTAL: PROVIDES AFFORDABLE HOUSING TO PEOPLE IN NEED.


REAL ESTATE AND ECONOMIC DEVELOPMENT: DEVELOP AFFORDABLE HOUSING OWNERSHIP AND RENTAL UNITS FOR LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Dellbrook Construction Llc
Construction
$5,216,525
Jeffrey M Metcalfe
Construction
$126,119
Blais Builders Inc
Construction
$141,252
John Barresi
Construction
$183,174
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$214,920
Membership dues$0
Fundraising events$0
Related organizations$519,082
Government grants $10,117,070
All other contributions, gifts, grants, and similar amounts not included above$612,234
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$11,463,306
Total Program Service Revenue$1,805,454
Investment income $0
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 $13,300,567

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Neighborhood Of Affordable Housing Inc has recieved totaling $152,219.

Awarding OrganizationAmount
Robert Wood Johnson Foundation

Princeton, NJ

PURPOSE: 75933 DEVELOPING A PRACTICAL MODEL FOR A CLIMATE-R

$59,719
Cambridge Savings Charitable Foundation Inc

Cambridge, MA

PURPOSE: EXEMPT PURPOSE

$50,000
Bushrod H Campbell And Adah F Hall Charity Fund

Boston, MA

PURPOSE: SENIOR REPAIR SERVICES

$10,000
Sailors Snug Harbor Of Boston

Boston, MA

PURPOSE: PROGRAM SUPPORT

$10,000
Eastern Bank Charitable Foundation

Lynn, MA

PURPOSE: EXEMPT PURPOSE

$10,000
Harborone Foundation

Brockton, MA

PURPOSE: HOUSING

$7,500
View Grant Recipient Profile

Create an account to unlock the data you need.

or