Neighbors Helping Neighbors Inc
- Assets
- $1.1m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 5
- Location
- Brooklyn, NY
- Founding
- 03/1992
- Data as of
- 06/2022
- EIN
- 11-3059958
Organization Overview
Neighbors Helping Neighbors Inc is located in Brooklyn, NY. The organization was established in 1992. 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 06/2022, Neighbors Helping Neighbors Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighbors Helping Neighbors 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, Neighbors Helping Neighbors Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $791.8k during the year ending 06/2022. While expenses have increased by 8.1% 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
NHN PROMOTES RACIAL JUSTICE WHILE EMPOWERING LOW AND MODERATE-INCOME NEW YORKERS TO FIGHT FOR, SECURE AND MAINTAIN QUALITY HOUSING AND BUILD FINANCIAL ASSETS. NHN IS A HUD-CERTIFIED COUNSELING AGENCY BASED IN BROOKLYN, NEW YORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TENANT SERVICES: THE ORGANIZATION ORGANIZES AND ADVOCATES FOR FOR LOW-INCOME, MOSTLY IMMIGRANT TENANTS AND TO PREVENT THE EVICTION AND DISPLACEMENT OF TENANTS IN DISPUTES WITH THEIR LANDLORD OVER RENT AND/OR REPAIRS AND TO ASSIST INDIVDUALS TO LIVE IN STABLE, HEALTHY HOUSING THEY CAN AFFORD. IN ADDITION TO BUILDING AND TENANT ORGANIZING, AND INDIVIDUAL ADVOCACY, WORKSHOPS ARE HELD ABOUT TENANT RIGHTS AND TO SUPPORT THE DEVELOPMENT OF LOCAL TENANT LEADERS, AND REFERRALS TO LEGAL AND FINANCIAL ASSISTANCE ARE MADE.DURING THE YEAR APPROXIMATELY 266 PARTICIPANTS WERE ORGANIZED, RECEIVED COUNSELING, ADVOCACY AND EVICTION PREVENTION SERVICES.
HOME OWNERSHIP AND FORECLOSURE PREVENTION SERVICES: THE ORGANZATION HELD HOMEBUYER EDUCATION SEMINARS TARGETED TO MODERATE INCOME FIRST TIME HOME BUYERS, PROVIDES PERSONAL FINANCIAL COUNSELING TO FIRST TIME HOMEBUYERS AND THOSE FACING FORECLOSURE, ASSISTS IN SECURING DOWN PAYMENT ASSISTANCE, REFINANCING AND MORTGAGE LOAN MODIFICATIONS.DURING THE YEAR,102 PARTICIPANTS RECEIVED INDIVIDUAL HOMEBUYER COUNSELING, 85 PARTICIPANTS RECEIVED HOMEBUYER EDUCATION SEMINARS AND 142 PARTICIPANTS RECEIVED FORECLOSURE PREVENTION COUNSELING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle DE La Uz Secretary | OfficerTrustee | 5 | $0 |
Julio Pena III Chairperson | OfficerTrustee | 2 | $0 |
Juan Barahona Treasurer | OfficerTrustee | 2 | $0 |
Jessica Yager Board Member | Trustee | 1 | $0 |
Carolina Gonzalez Board Member | Trustee | 1 | $0 |
Catherine Zinnell Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,732 |
| Related organizations | $0 |
| Government grants | $626,002 |
| All other contributions, gifts, grants, and similar amounts not included above | $371,109 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,010,843 |
| Total Program Service Revenue | $55,170 |
| Investment income | $17 |
| 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 | $1,066,030 |
| 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 | $102,872 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $67,004 |
| Payroll taxes | $23,243 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,859 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,842 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,690 |
| Interest | $0 |
| Payments to affiliates | $319,812 |
| Depreciation, depletion, and amortization | $687 |
| Insurance | $7,839 |
| All other expenses | $2,767 |
| Total functional expenses | $791,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,610 |
| Savings and temporary cash investments | $22,432 |
| Pledges and grants receivable | $764,444 |
| Accounts receivable, net | $30,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,330 |
| Net Land, buildings, and equipment | $5,775 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $153,915 |
| Total assets | $1,137,506 |
| Accounts payable and accrued expenses | $107,406 |
| Grants payable | $0 |
| Deferred revenue | $25,000 |
| 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 | $149,056 |
| Total liabilities | $281,462 |
| Net assets without donor restrictions | $856,044 |
| Net assets with donor restrictions | $0 |
| 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 | $1,137,506 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Neighbors Helping Neighbors Inc has recieved totaling $107,426.
| Awarding Organization | Amount |
|---|---|
New York Mortgage Coalition Inc New York, NY PURPOSE: Financial and Hsg Counseling & Tech | $74,943 |
The Center For New York City New York, NY PURPOSE: HOUSING & LEGAL COUNSELING | $32,478 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Aspire Of Western New York Inc Getzville, NY | $37,144,710 | $73,972,719 |
Allegheny Council To Improve Our Neighborhoods-Housing Incorporated Pittsburgh, PA | $58,739,057 | $67,049,805 |
Commission On Economic Opportunity Of Luzerne County Wilkesbarre, PA | $24,684,280 | $41,061,242 |
Community First Fund Lancaster, PA | $129,035,730 | $44,963,943 |
Neighborhood Assistance Corporation Of America Boston, MA | $267,784,866 | $49,655,624 |
Womens Housing And Economic Development Corporation Bronx, NY | $29,527,353 | $27,859,543 |
Joint Ownership Entity New York City Corp New York, NY | $155,995,039 | $17,434,025 |
Breaking Ground Housing Development Fund Corporation New York, NY | $193,138,085 | $25,961,669 |
Highland Park Community Development Corporation Brooklyn, NY | $3,265,910 | $15,414,103 |
Centerboard Inc Lynn, MA | $21,186,335 | $15,673,773 |
Beyond Owners Group Inc Willow Street, PA | $131,731,512 | $8,827,345 |
Springpoint Senior Living Inc Cherry Hill, NJ | $72,542,176 | $10,591,630 |