Neighborhood Housing Services Of Greater Berks Inc
- Assets
- $17.9m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 20
- Location
- Reading, PA
- Founding
- 09/1978
- Data as of
- 12/2023
- EIN
- 23-2066952
Organization Overview
Neighborhood Housing Services Of Greater Berks Inc is located in Reading, PA. The organization was established in 1978. 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 Greater Berks Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood Housing Services Of Greater Berks 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 Greater Berks Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $3.4m during the year ending 12/2023. While expenses have increased by 9.6% 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
TO FACILITATE AND PROVIDE AFFORDABLE HOUSING PROGRAMS AND INITIATIVES FOR ALL PEOPLE
Describe the Organization's Program Activity:
Part 3 - Line 4a
REAL ESTATE AND REHABILITATION:THE ORGANIZATION SEEKS TO REMOVE BLIGHTED PROPERTIES THROUGH PURCHASE AND RENOVATION, WITH SUBSEQUENT RESALE TO FIRST TIME HOMEBUYERS. IN ADDITION, THE ORGANIZATION ACTS AS A CONSULTANT TO PROVIDE ADMINISTRATION OF REHABILITATION PROGRAMS RUN BY OTHER ENTITIES. REAL ESTATE AND REHABILITATION CONSTRUCTS NEW AFFORDABLE HOMES ON A SCATTERED SITE BASIS OUTSIDE THE CITY OF READING FOR FIRST-TIME HOMEOWNERS AND PROVIDES TECHNICAL ASSISTANCE TO THE HOME REPAIR PROGRAMS AND OPERATION RENOVATION.2023 PROGRAM ACCOMPLISHMENTS: WE PROVIDED 22 LOANS FOR HOME IMPROVEMENTS VIA OUR MY LIFE PROGRAM TOTALING $996,361
HOME OWNERSHIP CENTER: THE ORGANIZATION OFFERS ASSISTANCE THROUGH A VARIETY OF PROGRAMS TO CLIENTS WHO ARE PREPARING TO BECOME HOMEOWNERS, AND OFFERS SEVERAL TYPES OF LOANS TO ASSIST FIRST-TIME HOMEBUYERS. THE PROGRAMS INCLUDE LENDING FOR HOME PURCHASE ASSISTANCE AND HOME REPAIRS, HOMEBUYER EDUCATION, AND BUDGET AND CREDIT COUNSELING.2023 PROGRAM ACCOMPLISHMENTS: THE HOME OWNERSHIP CENTER VIA NHS ASSISTED 153 FAMILIES BUY THEIR FIRST HOME, LENDING $1,756,199 IN DOWN PAYMENT AND CLOSING COST ASSISTANCE LOANS.SEE SCHEDULE O FOR ADDITIONAL PROGRAM ACCOMPLISHMENTS. 354 INDIVIDUALS BENEFITED FROM THE FASTRACK HOMEBUYER EDUCATION WORKSHOPS AND 303 CLIENTS RECEIVED ONE-ON-ONE COUNSELING COVERING TOPICS SUCH AS: PRE-PURCHASE, PRE-CLOSING AND BUDGET/CREDIT COUNSELING (NOT INCLUDING FORECLOSURE SERVICES). THE TOTAL NHS LOAN PORTFOLIO REMAINED STRONG RELATIVE TO THE NATIONAL ECONOMY. 50 LOANS WERE PAST DUE AS OF DECEMBER 31ST OUT OF A TOTAL PORTFOLIO OF 933 LOANS.
NEIGHBORHOOD BUILDING: THE ORGANIZATION PROVIDES A NUMBER OF NEIGHBORHOOD-BASED INITIATIVES DESIGNED TO EMPOWER THE RESIDENTS TO CONTROL THEIR ENVIRONMENT INCLUDING ASSISTANCE IN RUNNING RESIDENT MEETINGS, PROVIDING RESOURCES, AND LEADERSHIP TRAINING. THEY ASSIST THE COMMUNITY IN GATHERING VOLUNTEERS FOR CLEAN-UPS AND REPAIR EFFORTS SUCH AS OPERATION RENOVATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marisol Torres President | OfficerTrustee | 5 | $0 |
Erika Hoffman Vice President | OfficerTrustee | 5 | $0 |
Beth Bowers Esquire Secretary | OfficerTrustee | 5 | $0 |
Turie Sotzin Treasurer | OfficerTrustee | 5 | $0 |
Glenn Key At Large Member | OfficerTrustee | 5 | $0 |
Erica Wennell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,633,805 |
| All other contributions, gifts, grants, and similar amounts not included above | $128,139 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,761,944 |
| Total Program Service Revenue | $1,457,437 |
| Investment income | $63,539 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$95 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,282,825 |
| 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. | $171,060 |
| Compensation of current officers, directors, key employees. | $44,476 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,072,487 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $205,151 |
| Payroll taxes | $96,926 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,073 |
| Fees for services: Accounting | $46,131 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $84,580 |
| Advertising and promotion | $46,031 |
| Office expenses | $23,459 |
| Information technology | $70,552 |
| Royalties | $0 |
| Occupancy | $81,905 |
| Travel | $53,125 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $315,805 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,529 |
| Insurance | $6,582 |
| All other expenses | $28,855 |
| Total functional expenses | $3,386,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,066,143 |
| Savings and temporary cash investments | $1,712,885 |
| Pledges and grants receivable | $400,474 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $11,166,471 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $50,374 |
| Net Land, buildings, and equipment | $88,474 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,387,930 |
| Total assets | $17,872,751 |
| Accounts payable and accrued expenses | $267,700 |
| Grants payable | $0 |
| Deferred revenue | $216,100 |
| 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 | $9,059,188 |
| Unsecured mortgages and notes payable | $28,470 |
| Other liabilities | $825,335 |
| Total liabilities | $10,396,793 |
| Net assets without donor restrictions | $7,300,062 |
| Net assets with donor restrictions | $175,896 |
| 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 | $17,872,751 |