Neighborhood Preservation Inc
- Assets
- $3.5m
- Revenue
- $858.6k
- Investments
- $1.1m
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 01/2012
- Data as of
- 12/2023
- EIN
- 27-5374482
Organization Overview
Neighborhood Preservation Inc is located in Memphis, TN. The organization was established in 2012. 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 Preservation 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 Preservation Inc generated $858.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (14.5%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Neighborhood Preservation Inc has awarded 16 individual grants totaling $2,256,992. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE REMOVE SYSTEMIC BARRIERS TO COMMUNITY REVITALIZATION USING POLICY AND INNOVATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
2023-NPI PROPERTY HOLDING/MANAGEMENT FOR OTHERS: NPI COLLABORATES WITH NEIGHBORHOOD ANCHOR INSTITUTIONS AND OTHER LOCAL COMMUNITY DEVELOPMENT PARTNERS TO HOLD AND MAINTAIN REAL ESTATE IN CERTIAN TARGET NEIGHBORHOODS IN ORDER TO STABILIZE IT AND LAND BANK IT FOR USE IN FUTURE NEIGHBORHOOD REVITALIZATION EFFORTS THAT ALIGN WITH THE MISSION AND GOALS OF NPI.
NPI EVICTION INTERVENTION AND PREVENTION WORK: NPI COORDINATES AND FACILITATES A COLLABORATIVE PROCESS OF EVICTION DATA COLLECTION, LANDLORD/TENANT OUTREACH AND EVICTION INTERVENTION. NPI AND ITS PARTNERS DELIVER ASSISTANCE TO TENANTS FACING EVICTION IN ORDER TO EITHER PREVENT THEIR EVICTION BY DIRECT PAYMENTS TO THEIR LANDLORDS IN EXCHANGE FOR THE DISMISSAL OF EVICTION CASES OR TO ASSIST TENANTS WHO HAVE BEEN EVICTED IN PURSUING ALTERNATIVE HOUSING USING DIRECT PAYMENTS TO THOSE DISPLACED TENANTS. DIRECT PAYMENTS TO THOSE DISPLACED TENANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Morris Chairperson | OfficerTrustee | 1 | $0 |
Kenya Hooks Secretary | OfficerTrustee | 1 | $0 |
Kendrick Joyce Treasurer | OfficerTrustee | 1 | $0 |
Ron Belz Board Member | Trustee | 1 | $0 |
Camille Fulton Board Member | Trustee | 1 | $0 |
Lisa Klesges Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Grinder Taber | 12/30/21 | $896,060 |
Lrk Inc | 12/30/21 | $1,686,746 |
The Law Office Of Webb Brewer Plc | 12/30/21 | $165,805 |
Memphis Area Legal Services Inc | 12/30/21 | $109,665 |
World Relief Memphis Inc | 12/30/21 | $116,337 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $423,132 |
| All other contributions, gifts, grants, and similar amounts not included above | $343,461 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $766,593 |
| Total Program Service Revenue | $60,000 |
| Investment income | $26,345 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,070 |
| 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 | $858,608 |
| 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 | $287,642 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,778 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,396 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,702 |
| Insurance | $16,284 |
| All other expenses | $202,801 |
| Total functional expenses | $1,044,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $395,215 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $131,059 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,468,147 |
| Inventories for sale or use | $49,984 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $10,053 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,131,389 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $309,410 |
| Total assets | $3,495,257 |
| Accounts payable and accrued expenses | $40,723 |
| Grants payable | $0 |
| Deferred revenue | $1,500 |
| 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 | $891,614 |
| Total liabilities | $933,837 |
| Net assets without donor restrictions | $2,561,420 |
| 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 | $3,495,257 |
Grants Awarded
Over the last fiscal year, Neighborhood Preservation Inc has awarded $676,551 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
URBAN RENAISSANCE PARTNERS INC PURPOSE: ASSIST WITH PRE-DEVELOPMENT EXPENSES OF AFFORDABLE HOUSING DEVELOPMENT. | $540,616 |
URBAN RENAISSANCE PARTNERS INC PURPOSE: SUPPORT REDEVELOPMENT OF AFFORDABLE HOUSING RENTAL UNITS AS PART OF THE FRAYSER NEIGHBORHOOD INITIATIVE. | $135,935 |