Neighborhood Housing Services Of Waterbury Inc
- Assets
- $7.5m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 19
- Location
- Waterbury, CT
- Founding
- 11/1980
- Data as of
- 12/2023
- EIN
- 06-1022915
Organization Overview
Neighborhood Housing Services Of Waterbury Inc is located in Waterbury, CT. The organization was established in 1980. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Neighborhood Housing Services Of Waterbury Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood Housing Services Of Waterbury 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 12/2023, Neighborhood Housing Services Of Waterbury Inc generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 22.2% each year . All expenses for the organization totaled $3.5m during the year ending 12/2023. While expenses have increased by 17.9% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BUILDING STRONG NEIGHBORHOODS AND COMMUNITIES THROUGH AFFORDABLE AND COMPREHENSIVE HOUSING DEVELOPMENT, FINANCIAL EDUCATION, AND FURTHERING HOME AND COMMUNITY OWNERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOMEOWNERSHIP IS THE CORNERSTONE OF A STRONG COMMUNITY . THROUGH NHSW'S HOMEOWNERSHIP PROMOTION PROGRAMS, POTENTIAL HOMEBUYERS ARE PROVIDED WITH THE TOOLS NECESSARY TO SUCCEED AND MAKE THEIR DREAMS OF LIFELONG HOMEOWNERSHIP A REALITY THROUGH PRE- AND POST-PURCHASE COUNSELING AND WORKSHOPS, BUDGETING AND DEBT MANAGEMENT, FINANCIAL PLANNING AND MANAGEMENT, CREDIT REPAIR, AND LANDLORD EDUCATION. THE HOMEOWNERSHIP PRESERVATION PROGRAM COMBINES CLINICS AND COUNSELING SERVICES TO HELP EXISTING HOMEOWNERS HOLD ON TO THEIR HOMES WHEN CHALLENGES ARISE THROUGH BUDGETING AND SPENDING COUNSELING, REFINANCING HELP, DO-IT-YOURSELF TRAINING, EDUCATION ON LOWERING THE COSTS OF OWNING A HOME AND AVOIDING FORECLOSURE, MINIMIZING LOSSES, AND RECEIVING HELP WITH LOAN MODIFICATIONS.
HOMEOWNERSHIP IS THE CORNERSTONE OF A STRONG COMMUNITY . THROUGH NHSW'S HOMEOWNERSHIP PROMOTION PROGRAMS, POTENTIAL HOMEBUYERS ARE PROVIDED WITH THE TOOLS NECESSARY TO SUCCEED AND MAKE THEIR DREAMS OF LIFELONG HOMEOWNERSHIP A REALITY THROUGH PRE- AND POST-PURCHASE COUNSELING AND WORKSHOPS, BUDGETING AND DEBT MANAGEMENT, FINANCIAL PLANNING AND MANAGEMENT, CREDIT REPAIR, AND LANDLORD EDUCATION. THE HOMEOWNERSHIP PRESERVATION PROGRAM COMBINES CLINICS AND COUNSELING SERVICES TO HELP EXISTING HOMEOWNERS HOLD ON TO THEIR HOMES WHEN CHALLENGES ARISE THROUGH BUDGETING AND SPENDING COUNSELING, REFINANCING HELP, DO-IT-YOURSELF TRAINING, EDUCATION ON LOWERING THE COSTS OF OWNING A HOME AND AVOIDING FORECLOSURE, MINIMIZING LOSSES, AND RECEIVING HELP WITH LOAN MODIFICATIONS.
UNITECT, CT'S RENTAL ASSISTANCE PROGRAM AIMED TO HELP PEOPLE WHO STRUGGLED FINANCIALLY DURING THE PANDEMIC STAY IN THEIR HOMES. NHSW PERFORMED OUTREACH, ENGAGEMENT, AND MARKETING TO TENANTS AND LANDLORDS, ASSISTED AND MANAGED APPLICANTS WITH AND DURING THE PROCESS IN PERSON OR REMOTELY, MAINTAINED A DAILY LOG OF ACTIVITY, AND DETERMINED APPLICANTS' ELIGIBILITY. WE PROVIDED SERVICES TO OVER 10,00 HOUSEHOLDS, WHICH RECEIVED HELP SECURING RENTAL PAYMENT ASSISTANCE DUE TO FINANCIAL STRUGGLES DURING THE PANDEMIC.
UNITECT, CT'S RENTAL ASSISTANCE PROGRAM AIMED TO HELP PEOPLE WHO STRUGGLED FINANCIALLY DURING THE PANDEMIC STAY IN THEIR HOMES. NHSW PERFORMED OUTREACH, ENGAGEMENT, AND MARKETING TO TENANTS AND LANDLORDS, ASSISTED AND MANAGED APPLICANTS WITH AND DURING THE PROCESS IN PERSON OR REMOTELY, MAINTAINED A DAILY LOG OF ACTIVITY, AND DETERMINED APPLICANTS' ELIGIBILITY. WE PROVIDED SERVICES TO OVER 10,00 HOUSEHOLDS, WHICH RECEIVED HELP SECURING RENTAL PAYMENT ASSISTANCE DUE TO FINANCIAL STRUGGLES DURING THE PANDEMIC.
NEIGHBORHOOD HOUSING SERVICES OF WATERBURY MANAGES AN AFFORDABLE RENTAL APARTMENT DEVELOPMENT IN THE NORTH END OF WATERBURY, CONSISTING OF 10 TOWNHOUSE STYLE, TWO- AND THREE-STORY, 3 BEDROOMS, 2 BATHS UNITS AVERAGING 1,252 SQ. FT. PER UNIT. ADDITIONALLY, NHS OF WATERBURY OWNS LAND FOR A 51 AFFORDABLE HOMEOWNERSHIP DEVELOPMENT CALLED OLD FARM RIDGE. NHS OF WATEBRURY WORK TO ENSURE THE ONGOING SAFETY, SECURITY, AND AFFORDABILITY. SERVICES INCLUDE COORDINATING THE HANDS-ON TASKS OF MAINTENANCE TO CRUNCHING NUMBERS FOR ACCOUNTING, CERTIFICATION, AND MORE.
NEIGHBORHOOD HOUSING SERVICES OF WATERBURY MANAGES AN AFFORDABLE RENTAL APARTMENT DEVELOPMENT IN THE NORTH END OF WATERBURY, CONSISTING OF 10 TOWNHOUSE STYLE, TWO- AND THREE-STORY, 3 BEDROOMS, 2 BATHS UNITS AVERAGING 1,252 SQ. FT. PER UNIT. ADDITIONALLY, NHS OF WATERBURY OWNS LAND FOR A 51 AFFORDABLE HOMEOWNERSHIP DEVELOPMENT CALLED OLD FARM RIDGE. NHS OF WATEBRURY WORK TO ENSURE THE ONGOING SAFETY, SECURITY, AND AFFORDABILITY. SERVICES INCLUDE COORDINATING THE HANDS-ON TASKS OF MAINTENANCE TO CRUNCHING NUMBERS FOR ACCOUNTING, CERTIFICATION, AND MORE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Aurigemma Secretary | OfficerTrustee | 2 | $0 |
Nancy B Fay Vice Preside | OfficerTrustee | 2 | $0 |
Jonathan Gilbode Treasurer | OfficerTrustee | 2 | $0 |
Alex Jerez Director | Trustee | 1 | $0 |
Warren Leach Director | Trustee | 1 | $0 |
O'neil Lindo Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $897,411 |
| All other contributions, gifts, grants, and similar amounts not included above | $598,232 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,495,643 |
| Total Program Service Revenue | $2,262,536 |
| Investment income | $152,569 |
| 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 | $3,948,151 |
| 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 | $1,748,312 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $49,396 |
| Payroll taxes | $78,507 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $487,205 |
| Advertising and promotion | $22,664 |
| Office expenses | $74,353 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $68,600 |
| Travel | $3,945 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $969 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $131,788 |
| Insurance | $27,907 |
| All other expenses | $21,320 |
| Total functional expenses | $3,496,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $881,885 |
| Savings and temporary cash investments | $1,186,421 |
| Pledges and grants receivable | $322,255 |
| Accounts receivable, net | $193,921 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,326,376 |
| Prepaid expenses and deferred charges | $401,814 |
| Net Land, buildings, and equipment | $1,977,103 |
| Investments—publicly traded securities | $1,040,967 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $134,928 |
| Total assets | $7,465,670 |
| Accounts payable and accrued expenses | $897,151 |
| Grants payable | $0 |
| Deferred revenue | $193,743 |
| 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 | $8,663 |
| Other liabilities | $704,667 |
| Total liabilities | $1,804,224 |
| Net assets without donor restrictions | $5,129,447 |
| Net assets with donor restrictions | $531,999 |
| 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 | $7,465,670 |