Neighborhood Housing Service Of New Britain Inc
- Assets
- $9.8m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 28
- Location
- New Britain, CT
- Founding
- 02/1980
- Data as of
- 06/2022
- EIN
- 06-1006312
Organization Overview
Neighborhood Housing Service Of New Britain Inc is located in New Britain, CT. The organization was established in 1980. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Neighborhood Housing Service Of New Britain Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood Housing Service Of New Britain 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 06/2022, Neighborhood Housing Service Of New Britain Inc generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $1.8m during the year ending 06/2022. While expenses have increased by 10.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
AFFORDABLE HOUSING, REHABILITATION SERVICES AND HOUSING COUNSELING
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY BUILDING AND ENGAGEMENT - WORKING COLLABORATIVELY WITH NEW BRITAIN AREA NEIGHBORHOOD GROUPS TO PROVIDE TECHNICAL ASSISTANCE ADDRESSING COMMUNITY ISSUES AFFECTING THE WELL-BEING OF RESIDENTS.
REAL ESTATE DEVELOPMENT - RENOVATION OF EXISTING STRUCTURES ENSURING NEIGHBORHOOD RENEWAL AND COMMUNITY REVITALIZATION; CONSTRUCTION OF NEW HOMES TARGETED TO HOME AFFORDABILITY FOR TARGET POPULATIONS.
HOMEOWNERSHIP - FINANCIAL EMPOWERMENT THROUGH BOTH GROUP EDUCATION AND ONE-ON-ONE COACHING OF FINANCIAL PRINCIPLES AND BUDGETING AIMED AT HELPING INDIVIDUALS AND FAMILIES IMPROVE THEIR POSITION, BECOME HOMEOWNERS, AND/OR PROTECT THEIR HOME FROM FORECLOSURE.
ASSET MANAGEMENT - PROPERTY AND PORTFOLIO MANAGEMENT OF AFFORDABLE RENTAL HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Robinson Secretary | OfficerTrustee | 2 | $0 |
M Kate Van Valkenburg Director | OfficerTrustee | 2 | $0 |
Beth Wesley Ghiloni-Wage President | OfficerTrustee | 5 | $0 |
Bridgett Feagin Treasurer | Trustee | 2 | $0 |
Heidi Holt Board Vice C | Trustee | 1 | $0 |
Talat Salama PHD Pe Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $963,841 |
| All other contributions, gifts, grants, and similar amounts not included above | $798,533 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,762,374 |
| Total Program Service Revenue | $568,543 |
| Investment income | $4,793 |
| 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 | $3,488,244 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $760,521 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $119,303 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $488 |
| Fees for services: Accounting | $24,203 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,942 |
| Advertising and promotion | $3,222 |
| Office expenses | $23,707 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $753,347 |
| Travel | $10,267 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $574 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,256 |
| Insurance | $27,095 |
| All other expenses | $3,896 |
| Total functional expenses | $1,825,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,445,726 |
| Savings and temporary cash investments | $74,022 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $118,598 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $43,682 |
| Inventories for sale or use | $978,927 |
| Prepaid expenses and deferred charges | $9,681 |
| Net Land, buildings, and equipment | $5,128,815 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,799,451 |
| Accounts payable and accrued expenses | $332,034 |
| Grants payable | $0 |
| Deferred revenue | $362,000 |
| 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 | $3,969,135 |
| Total liabilities | $4,663,169 |
| Net assets without donor restrictions | $4,776,282 |
| Net assets with donor restrictions | $360,000 |
| 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 | $9,799,451 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Neighborhood Housing Service Of New Britain Inc has recieved totaling $11,500.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater New Britain Inc New Britain, CT PURPOSE: TO PROVIDE SUPPORT FOR NEIGHBORHOOD CHANGE BUILDERS PROGRAM | $11,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Green Energy Consumers Alliance Inc Jamaica Plain, MA | $5,258,503 | $8,625,489 |
Capital For Change Inc Wallingford, CT | $69,646,827 | $10,335,539 |
Operation Fuel Inc Hartford, CT | $2,801,976 | $6,597,042 |
Bclf Ventures Inc Boston, MA | $107,589,450 | $9,107,552 |
Webster Apartments Congers, NY | $14,551,827 | $6,588,397 |
Rental Assistance Corporation Of Buffalo Buffalo, NY | $7,021,377 | $3,957,549 |
Westside Ministries Inc Buffalo, NY | $1,861,315 | $3,049,976 |
Niagara Falls Neighborhood Housing Services Inc Niagara Falls, NY | $3,221,959 | $1,818,977 |
Neighborhood Housing Service Of New Britain Inc New Britain, CT | $9,799,451 | $3,488,244 |
Northfield Community Ldc Of Staten Island Inc Staten Island, NY | $972,612 | $2,043,555 |
Housing Corporation Of Arlington Arlington, MA | $44,078,576 | $2,009,359 |
Community Capital New York Inc Elmsford, NY | $13,076,152 | $2,371,640 |