Neighborhood Building Owners Alliance
- Assets
- $164.5k
- Revenue
- $191.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/2008
- Data as of
- 12/2023
- EIN
- 26-1516366
Organization Overview
Neighborhood Building Owners Alliance is located in Chicago, IL. The organization was established in 2008. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood Building Owners Alliance is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Neighborhood Building Owners Alliance generated $191.5k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $110.8k during the year ending 12/2023. While expenses have increased by 8.6% per year over the past 2 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
ASSOCIATION OF NEIGHBORHOOD BUILDING OWNERS GROUPS WHO ADVANCE THE INTERESTS OF NEIGHBORHOOD PROPERTY OWNERS AND THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NBOA SERVES THE MEMBERS OF ITS 11 COMMUNITY BUILDING OWNER AFFILIATES. LIKE THOSE AFFILIATES, THE NBOA IS A FORUM FOR INFORMATION, PROFESSIONAL DEVELOPMENT AND NETWORKING. IN ADDITION, THE NBOA ADVOCATES ON BEHALF OF SMALL AND MID-SIZED HOUSING PROVIDERS. ITS TEAM OF PROFESSIONALS WORKS TO TELL THE STORY OF NEIGHBORHOOD HOUSING IN THE MEDIA, AND TO LOBBY PUBLIC OFFICIALS TO MAKE SURE THAT HOUSING PROVIDERS ARE PART OF HOUSING POLICY THROUGH THE FOLLOWING:ADVOCACY - WE WORK WITH OUR MEMBERS TO UNDERSTAND ALL POINTS OF VIEW AND EDUCATE PUBLIC OFFICIALS ON OUR DISCOVERIES AND PERSPECTIVES. EDUCATION - WE FIND OPPORTUNITIES TO GATHER OWNERS, DEVELOPERS AND THEIR POTENTIAL COUNTERPARTS TO KEEP THEM ABREAST OF NEW LEGISLATION, TREND, AND PARTNERSHIPS ON THE HORIZON. STRATEGY & PLANNING - RATHER THAN WORKING ON AN INDIVIDUAL BASIS OR IN SMALL GROUPS, WE GATHER INFORMATION FROM ALL OUR PARTNERS TO BUILD STRATEGIC POSITIONS THAT MITIGATE INEFFECTIVE RULES AND REGULATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Glasser President | OfficerTrustee | 10 | $0 |
Andrew Levin Vice President | OfficerTrustee | 2 | $0 |
Fionn Mcmanigal Vice President | OfficerTrustee | 2 | $0 |
Roman Viere Treasurer | OfficerTrustee | 2 | $0 |
Jeff Weinberg Secretary | OfficerTrustee | 2 | $0 |
Sam Goldman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $218,995 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,610 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $237,605 |
| Total Program Service Revenue | $0 |
| Investment income | $1,625 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$47,744 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $191,486 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,250 |
| Fees for services: Accounting | $100 |
| Fees for services: Lobbying | $35,307 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,000 |
| Advertising and promotion | $2,500 |
| Office expenses | $422 |
| Information technology | $13,348 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,487 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,300 |
| All other expenses | $0 |
| Total functional expenses | $110,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,882 |
| Savings and temporary cash investments | $101,625 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $164,507 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $6,152 |
| Total liabilities | $6,152 |
| Net assets without donor restrictions | $158,355 |
| 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 | $164,507 |