Ithaca Neighborhood Housing Services Inc
- Assets
- $49.4m
- Revenue
- $10.1m
- Investments
- $0.0
- Employees
- 56
- Location
- Ithaca, NY
- Founding
- 03/1977
- Data as of
- 12/2021
- EIN
- 22-2141948
Organization Overview
Ithaca Neighborhood Housing Services Inc is located in Ithaca, NY. The organization was established in 1977. 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, Ithaca Neighborhood Housing Services Inc employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ithaca Neighborhood Housing Services 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, Ithaca Neighborhood Housing Services Inc generated $10.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $5.5m during the year ending 12/2021. While expenses have increased by 1.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATED TO EXPANDING HOUSING OPPORTUNITIES FOR LOW AND MODERATE-INCOME RESIDENTS OF CAYUGA, CHEMUNG, CORTLAND, SCHUYLER, SENECA, TIOGA, AND TOMPKINS COUNTIES. IT SEEKS TO FOSTER COMMUNITIES THAT EMBRACE DIVERSITY, EQUITY, AND SUSTAINABILITY IN WAYS THAT PRODUCE LASTING OUTCOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOME PROGRAM FUND - GRANTS FOR ELIGIBLE PURCHASE ASSISTANCE AND HOME IMPROVEMENT.
REAL ESTATE DEVELOPMENT FUND - DEVELOP NEW FOR-SALE AND/OR AFFORDABLE RENTAL UNITS, PURCHASE AND REHABILITATE PROPERTIES FOR HOME OWNERSHIP OR RENTAL HOUSING.
SCATTERED SITES CONSOLIDATED FUNDS - RESIDENTIAL AND COMMERCIAL RENTAL UNITS OWNED AND MANAGED BY INHS.
VARIOUS LOAN AND GRANT FUNDS
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 |
|---|---|---|---|
Johanna Anderson Executive Director | Officer | 23 | $123,932 |
Joseph L Bowes Director Of Real Estate Development | 23 | $101,894 | |
Scott Reynolds Director Of Information Technology | 23 | $100,728 | |
Sharon D Malone Secretary | OfficerTrustee | 1 | $0 |
Julee Johnson Treasurer | OfficerTrustee | 1 | $0 |
Rachel Lampert Vice President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hamilton Stern Construction Llc Construction | 12/30/21 | $688,332 |
Integrated Computer Solutions Of Vestal It Services | 12/30/21 | $170,595 |
Hancock Estabrook Llp Legal | 12/30/21 | $107,764 |
Dw Custom Carpentry Llc Carpentry | 12/30/21 | $117,905 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $738 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,769,216 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,945,149 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,715,103 |
| Total Program Service Revenue | $5,145,298 |
| Investment income | $3,498 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $236,606 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,029,939 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,070,566 |
| 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. | $126,252 |
| Compensation of current officers, directors, key employees. | $125,150 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,039,658 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $229,956 |
| Payroll taxes | $195,783 |
| Fees for services: Management | $16,031 |
| Fees for services: Legal | $51,816 |
| Fees for services: Accounting | $48,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $279,953 |
| Advertising and promotion | $10,552 |
| Office expenses | $23,707 |
| Information technology | $129,308 |
| Royalties | $0 |
| Occupancy | $195,849 |
| Travel | $39,305 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $90,140 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $184,538 |
| Insurance | $70,836 |
| All other expenses | $199,590 |
| Total functional expenses | $5,502,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,834,150 |
| Savings and temporary cash investments | $815,848 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,848,120 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $21,557,196 |
| Inventories for sale or use | $2,112,770 |
| Prepaid expenses and deferred charges | $99,974 |
| Net Land, buildings, and equipment | $8,449,544 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,686,439 |
| Total assets | $49,404,041 |
| Accounts payable and accrued expenses | $728,729 |
| Grants payable | $0 |
| Deferred revenue | $1,634,232 |
| 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 | $4,699,598 |
| Unsecured mortgages and notes payable | $688,202 |
| Other liabilities | $561,166 |
| Total liabilities | $8,311,927 |
| Net assets without donor restrictions | $35,813,850 |
| Net assets with donor restrictions | $5,278,264 |
| 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 | $49,404,041 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Ithaca Neighborhood Housing Services Inc has recieved totaling $879,551.
| Awarding Organization | Amount |
|---|---|
Enterprise Community Partners Inc Columbia, MD PURPOSE: COMMUNITY PRESERVATION AND DEVELOPMENT | $790,500 |
Community Foundation Of Tompkins County Inc Ithaca, NY PURPOSE: GENERAL SUPPORT | $26,150 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $20,000 |
Legacy Foundation Of Tompkins County Ithaca, NY PURPOSE: AWARDS, CONTRIBUTIONS & OPERATIONS | $19,000 |
United Way Of Tompkins County Inc Ithaca, NY PURPOSE: GENERAL ASSISTANCE | $13,916 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Champlain Housing Tr Burlington, VT | $156,492,954 | $31,041,858 |
Shared Support South Inc Warrington, PA | $9,549,705 | $20,704,692 |
Viecare Butler Llc Cranberry Township, PA | $15,820,808 | $20,591,438 |
Valley View Haven Inc Belleville, PA | $35,512,325 | $21,268,828 |
The Arc Morris County Chapter Nj Inc Morris Plains, NJ | $23,360,035 | $22,219,596 |
Pathways To Housing Pa Philadelphia, PA | $7,362,789 | $17,371,070 |
Neville Communities Home Inc Cambridge, MA | $11,055,368 | $17,412,264 |
Affordable Housing And Services Collaborative Inc Braintree, MA | $170,389,416 | $17,704,653 |
Fairhaven Healthcare Center Inc Lowell, MA | $23,711,383 | $11,897,110 |
Jewish Federation Housing Development Fund Company Buffalo, NY | $0 | $1,951,149 |
National Affordable Housing Foundation Schenectady Inc Waltham, MA | $11,290,760 | $3,782,521 |
Alfa Development Inc Newfoundland, NJ | $12,469,438 | $16,200,874 |