Neighborhood Housing Services Of Hamilton Inc
- Assets
- $5.9m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 6
- Location
- Hamilton, OH
- Founding
- 10/1992
- Data as of
- 12/2023
- EIN
- 31-1353685
Organization Overview
Neighborhood Housing Services Of Hamilton Inc is located in Hamilton, OH. The organization was established in 1992. 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 12/2023, Neighborhood Housing Services Of Hamilton Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood Housing Services Of Hamilton 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 Hamilton Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 7.0% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE A NONPROFIT COMMUNITY DEVELOPMENT ORGANIZATION THAT REVITALIZES AND BUILDS COMMUNITIES. WE ARE A PARTNERSHIP OF RESIDENTS, THE BUSINESS COMMUNITY, GOVERNMENT, AND COMMUNITY LEADERS. WE SEEK TO BUILD HEALTHIER AND STRONGER COMMUNITIES THAT WE ALL CAN BE PROUD OF. IN ORDER TO ACCOMPLISH THIS, WE WILL: EMPOWER LOW- AND MODERATE-INCOME FAMILIES TO SHARE THE AMERICAN DREAM OF HOME OWNERSHIP; PROVIDE AFFORDABLE LOANS AND FINANCIAL RESOURCES TO FIRST-TIME HOMEBUYERS; BUILD COMMUNITIES THROUGH NEIGHBORHOOD REVITALIZATION AND DEVELOPMENT; INSPIRE AND SUPPORT RESIDENT AND ACTION LEADERS AND PROVIDE TRAINING AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOME OWNERSHIP PROMOTION SERVICES - DOWN PAYMENT AND CLOSING COST GRANT ASSISTANCE IS PROVIDED TO QUALIFIED HOMEBUYERS THROUGHOUT BUTLER COUNTY, OHIO. MANY LOW TO MODERATE INCOME FAMILIES CAN AFFORD TO PURCHASE THEIR OWN HOME, BUT THEY FACE THE CHALLENGE OF SAVING ENOUGH MONEY FOR THEIR DOWN PAYMENT OR CLOSING COSTS. THIS PROGRAM HAS PROVEN TO BE A BENEFICIAL RESOURCE FOR FAMILIES/INDIVIDUALS OF MODEST MEANS TO REALIZE THEIR DREAM OF OWNING A HOME.
OTHER PROGRAM SERVICES INCLUDING REHAB/REPAIR, FORECLOSURE, LIFT, AND MICRO-ENTERPRISE PROGRAMS
CONSTRUCTION PROGRAMS - THROUGH OUR PARTNERSHIP WITH THE JURISDICTIONS THAT WE SERVE, WE HAVE BEEN ABLE TO PROVIDE NEWLY CONSTRUCTED AFFORDABLE HOUSING OPPORTUNITIES IN BUTLER AND MONTGOMERY COUNTIES WHILE AT THE SAME TIME REVITALIZING NEIGHBORHOODS. WE HAVE ACQUIRED AND REHABBED PROPERTIES TO FURTHER PROVIDE AFFORDABLE HOUSING OPPORTUNITIES TO THE COMMUNITIES THAT WE SERVE.
MORTGAGE AND RENTAL ASSISTANCE THROUGH OUR PARTNERSHIP WITH THE CITY OF HAMILTON, WE WERE ABLE TO ASSIST HOME OWNERS AND RENTERS WITH MORTGAGE AND RENTAL PAYMENT ASSISTANCE. THIS PROGRAM WAS FOR THOSE WHO WERE DIRECTLY IMPACTED BY COVID-19.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Hancock President | OfficerTrustee | 1 | $0 |
Ed Hensley Treasurer | OfficerTrustee | 1 | $0 |
Jean Thomas Secretary | OfficerTrustee | 1 | $0 |
Greg Jolivette Director | Trustee | 1 | $0 |
Bill Groth Director | Trustee | 1 | $0 |
Kyle Fuchs Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Burns Construction House Construction | 12/30/23 | $241,309 |
Taylor Made Construction Rehab Of Houses/repairs | 12/30/23 | $157,996 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,117,745 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,296 |
| Noncash contributions included in lines 1a–1f | $14,960 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,140,041 |
| Total Program Service Revenue | $565,729 |
| Investment income | $82,299 |
| 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 | $1,841,038 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $393,192 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $126,200 |
| Compensation of current officers, directors, key employees. | $12,620 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $352,504 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,899 |
| Payroll taxes | $43,223 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,493 |
| Fees for services: Accounting | $22,152 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,248 |
| Advertising and promotion | $550 |
| Office expenses | $46,514 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $112,801 |
| Travel | $10,898 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,084 |
| Interest | $1,792 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,423 |
| Insurance | $36,660 |
| All other expenses | $5,870 |
| Total functional expenses | $1,603,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150 |
| Savings and temporary cash investments | $2,213,499 |
| Pledges and grants receivable | $53,882 |
| Accounts receivable, net | $2,267 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $452,334 |
| Inventories for sale or use | $1,472,855 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,469,627 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $279,292 |
| Total assets | $5,943,906 |
| Accounts payable and accrued expenses | $80,017 |
| Grants payable | $0 |
| Deferred revenue | $94,369 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $10,915 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $130,800 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $316,101 |
| Net assets without donor restrictions | $5,592,074 |
| Net assets with donor restrictions | $35,731 |
| 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 | $5,943,906 |