Niagara Falls Neighborhood Housing Services Inc
- Assets
- $1.8m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 9
- Location
- Niagara Falls, NY
- Founding
- 12/1981
- Data as of
- 12/2022
- EIN
- 22-2279167
Organization Overview
Niagara Falls Neighborhood Housing Services Inc, operating under the name Neighborworks Community Partners Niagara Falls, is located in Niagara Falls, NY. The organization was established in 1981. 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 12/2022, Neighborworks Community Partners Niagara Falls employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborworks Community Partners Niagara Falls 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 12/2022, Neighborworks Community Partners Niagara Falls generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 9.1% per year over the past 8 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
TO PRESERVE AND STABILIZE THE ECONOMIC AND AESTHETIC CONDITIONS IN NIAGARA FALLS COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOME OWNERSHIP SERVICES - THE ORGANIZATION PROVIDES PRE-PURCHASE EDUCATION FOR POTENTIAL HOMEBUYERS. ONE-ON-ONE CREDIT AND BUDGET COUNSELING ARE PROVIDED TO ASSIST IN THE JOURNEY TO HOMEOWNERSHIP. THIS INCLUDES THE EDUCATION, LENDING, AND COUNSELING COMPONENTS OF THE ORGANIZATION'S PROGRAMS.THIS PROGRAM IS ALSO SUPPORTED BY $66,830 OF GOVERNMENT GRANTS.
RESIDENTIAL REHAB - THIS PROGRAM PROVIDES REHABILITATION GRANTS TO CUSTOMERS WHO MEET PROGRAM ELIGIBILITY REQUIREMENTS. STAFF ACTS AS A LIAISON BETWEEN THE CUSTOMER AND THE CONTRACTOR; ASSISTING WITH THE OUTLINE OF HOME IMPROVEMENT NEEDS, SELECTING A CONTRACTOR, AND MONITORING PROGRESS THROUGHOUT THE PROJECT.THIS PROGRAM IS SUPPORTED BY $886,841 OF GOVERNMENT GRANTS.
PROPERTY MANAGEMENT - THIS PROGRAM OVERSEES THE OPERATION, CONTROL, AND OVERSIGHT OF VARIOUS PROPERTIES AND RENTAL UNITS. MANAGEMENT ENSURES BOTH FISCAL AND PROPERTY CONDITION ARE CONTINUALLY MAINTAINED AND MONITORED. THIS PROGRAM IS ALSO SUPPORTED BY $23,231 OF GOVERNMENT GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Sanborn President | OfficerTrustee | 0.3 | $0 |
David Nardozzi Member | Trustee | 0.3 | $0 |
Carmen Presti Finance Secretary | OfficerTrustee | 0.3 | $0 |
Lola Mccreary Secretary | OfficerTrustee | 0.3 | $0 |
Stephen Dojka Member | Trustee | 0.3 | $0 |
Mike Hooper Member | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lower Niagara Works Llc Rehabilitation | 12/30/22 | $300,000 |
Mawhiney Trucking Inc Rehabilitation | 12/30/22 | $155,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,005,349 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,007,849 |
| Total Program Service Revenue | $181,455 |
| Investment income | $67,394 |
| 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 | $1,256,698 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $781,695 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $80,546 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $183,619 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,881 |
| Payroll taxes | $21,812 |
| Fees for services: Management | $58,494 |
| Fees for services: Legal | $3,225 |
| 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 | $18,662 |
| Advertising and promotion | $3,163 |
| Office expenses | $19,880 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $147,166 |
| Travel | $3,078 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,170 |
| Interest | $0 |
| Payments to affiliates | $280 |
| Depreciation, depletion, and amortization | $15,432 |
| Insurance | $43,921 |
| All other expenses | $38,684 |
| Total functional expenses | $1,611,909 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $317,223 |
| Savings and temporary cash investments | $763,828 |
| Pledges and grants receivable | $124,699 |
| Accounts receivable, net | $6,823 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $367,931 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $47,666 |
| Net Land, buildings, and equipment | $210,042 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,838,212 |
| Accounts payable and accrued expenses | $205,936 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $27,827 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,699,710 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,206,837 |
| Total liabilities | $4,140,310 |
| Net assets without donor restrictions | -$2,302,098 |
| 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 | $1,838,212 |