Neighbors Helping Neighbors Inc
- Assets
- $1.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 8
- Location
- Brooklyn, NY
- Founding
- 03/1992
- Data as of
- 06/2023
- 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 06/2023, Neighbors Helping Neighbors Inc employed 8 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 06/2023, Neighbors Helping Neighbors Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $963.9k during the year ending 06/2023. While expenses have increased by 13.0% per year over the past 4 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
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-CERTFIED COUSLING AGENCY BASED IN BROOKLYN, NEW YORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TENANT SERVICES: THE ORGANIZATION ORGANIZES AND ADVOCATES 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 INDIVIDUALS TO LIVE IN STABLE, HEALTHY HOSUING 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 200 PARTICIPANTS RECEIVED ADVOCACY COUNSELING, ADVOCACY, AND EVICTION PREVENTION SERVICES.
HOME OWNERSHIP AND FORECLOSURE PREVENTION SERVICES: THE ORGANIZATION HELD HOMEBUYER EDUCATION SEMINARS TARGETED TO LOW AND 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, 252 PARTICIPANTS RECEIVED HOMEBUYER SERVICES, 505 PARTCIPANTS RECEIVED HOMEBUYER EDUCATION SEMINARS AND 244 PARTICIPANTS RECEIVED FORECLOSURE PREVENTION SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle DE La Uz Executive Di | OfficerTrustee | 5 | $0 |
Jessica Yager Board Member | Trustee | 1 | $0 |
Carolina Gonzalez Board Member | Trustee | 1 | $0 |
Julio Pena III Chairperson | OfficerTrustee | 2 | $0 |
Erik Paulino Treasurer | OfficerTrustee | 2 | $0 |
Juan Barahona Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $819,489 |
| All other contributions, gifts, grants, and similar amounts not included above | $294,242 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,113,731 |
| Total Program Service Revenue | $15,833 |
| Investment income | $749 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $25,552 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,177,688 |
| 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 | $303,820 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $73,449 |
| Payroll taxes | $26,992 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,000 |
| 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 | $12,092 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,464 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $100 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $170 |
| Insurance | $20,288 |
| All other expenses | $28,723 |
| Total functional expenses | $963,904 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $296,219 |
| Savings and temporary cash investments | $23,157 |
| Pledges and grants receivable | $794,933 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $5,605 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $178,026 |
| Total assets | $1,297,940 |
| Accounts payable and accrued expenses | $136,739 |
| Grants payable | $0 |
| Deferred revenue | $15,000 |
| 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 | $76,373 |
| Total liabilities | $228,112 |
| Net assets without donor restrictions | $1,069,828 |
| 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 | $1,297,940 |