Neighborhoods Inc
- Assets
- $7.4m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 11
- Location
- Lincoln, NE
- Founding
- 04/1986
- Data as of
- 09/2021
- EIN
- 36-3430278
Organization Overview
Neighborhoods Inc, operating under the name Neighborworks Lincoln, is located in Lincoln, NE. The organization was established in 1986. 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 09/2021, Neighborworks Lincoln employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborworks Lincoln 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 09/2021, Neighborworks Lincoln generated $2.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $1.4m during the year ending 09/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
NEIGHBORWORKS LINCOLN REVITALIZES NEIGHBORHOODS AND SUPPORTS HOMEOWNERSHIP KEEPING LINCOLN A SAFE AND PROSPEROUS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOME BUYER SERVICES- NWL OFFERS PRE-PURCHASE HOMEBUYER EDUCATION IN ADDITION TO HOMEOWNERSHIP FINANCING FOR QUALIFYING INDIVIDUALS. IN YEAR 2021, WE PROVIDED 161 HOUSEHOLDS (220 INDIVIDUALS) PRE-PURCHASE HOMEBUYER EDUCATION. DUE TO THE COVID-19 PANDEMIC, WE UTILIZED ZOOM MEETINGS WHEN THE CITY RATES WERE IN THE HIGH CATEGORY. WE PROVIDED 47 CLIENT HOUSEHOLDS WITH DOWN PAYMENT AND REHAB ASSISTANCE FOR THEIR HOME PURCHASE. FAIR HOUSING ACTIVITIES INCLUDED SOCIAL MEDIA PROMOTION, EDUCATIONAL WORKSHOPS, AND DISTRIBUTION OF RESOURCE INFORMATION INCLUDING NEW INFORMATION ON LINCOLN'S REDLINING HISTORY.
REAL ESTATE DEVELOPMENT- NWL ACQUIRES SUBSTANDARD OR VACANT PROPERTIES THROUGHOUT THE CITY OF LINCOLN FOR REDEVELOPMENT. THESE EFFORTS LEAD TO ENHANCED QUALITY OF THE HOUSING STOCK WHILE PRESERVING NEIGHBORHOODS AND OFFERING AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES FOR LOW-TO-MODERATE INCOME FIRST-TIME BUYERS. IN FISCAL YEAR 2021, FIVE HOMES WERE BUILT IN SCATTERED SITES. THERE ARE ADDITIONAL PROPERTIES ACQUIRED FOR REDEVELOPMENT IN FY2022 LEADING TO THE CONSTRUCTION OF 14 NEW HOUSING UNITS.
COMMUNITY BUILDING: NWL COMMUNITY BUILDERS HELPED PLAN AND ORGANIZE FOUR NEIGHBORHOOD CLEAN-UPS, INCLUDING ONE IN MALONE/HAWLEY NEIGHBORHOOD, AND TWO IN IRVINGDALE, EVERETT, AND SOUTH SALT CREEK NEIGHBORHOODS. A RESOURCE FAIR ORGANIZED BY NWL'S COMMUNITY LEADERSHIP INSTITUTE (CLI) MEMBERS GAVE INFORMATION TO LOCAL RENTERS ABOUT THEIR RIGHTS AND RESOURCES. TWO NEIGHBORHOOD TOURS WERE HELD DETAILING THE HISTORY AND SIGNIFICANCE OF THE MALONE/HAWLEY NEIGHBORHOOD. WITH THE HELP OF LOCAL YOUTH FROM THE ASIAN CULTURAL COMMUNITY CENTER AND HOPESPOKE, A MURAL WAS RETOUCHED AND LOCAL PARTNERS INVITED TO CELEBRATE THE MURAL AND ITS HISTORY. CONTINUED WITH LOCAL PARTNERS TO IMPROVE ACCESS TO HEALTHY FOOD AND EDUCATION ON HEALTHY LIFESTYLE CHOICES.
OTHER
HOME BUYER SERVICES- NWL OFFERS PRE-PURCHASE HOMEBUYER EDUCATION IN ADDITION TO HOMEOWNERSHIP FINANCING FOR QUALIFYING INDIVIDUALS. IN YEAR 2021, WE PROVIDED 161 HOUSEHOLDS (220 INDIVIDUALS) PRE-PURCHASE HOMEBUYER EDUCATION. DUE TO THE COVID-19 PANDEMIC, WE UTILIZED ZOOM MEETINGS WHEN THE CITY RATES WERE IN THE HIGH CATEGORY. WE PROVIDED 47 CLIENT HOUSEHOLDS WITH DOWN PAYMENT AND REHAB ASSISTANCE FOR THEIR HOME PURCHASE. FAIR HOUSING ACTIVITIES INCLUDED SOCIAL MEDIA PROMOTION, EDUCATIONAL WORKSHOPS, AND DISTRIBUTION OF RESOURCE INFORMATION INCLUDING NEW INFORMATION ON LINCOLN'S REDLINING HISTORY.
REAL ESTATE DEVELOPMENT- NWL ACQUIRES SUBSTANDARD OR VACANT PROPERTIES THROUGHOUT THE CITY OF LINCOLN FOR REDEVELOPMENT. THESE EFFORTS LEAD TO ENHANCED QUALITY OF THE HOUSING STOCK WHILE PRESERVING NEIGHBORHOODS AND OFFERING AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES FOR LOW-TO-MODERATE INCOME FIRST-TIME BUYERS. IN FISCAL YEAR 2021, FIVE HOMES WERE BUILT IN SCATTERED SITES. THERE ARE ADDITIONAL PROPERTIES ACQUIRED FOR REDEVELOPMENT IN FY2022 LEADING TO THE CONSTRUCTION OF 14 NEW HOUSING UNITS.
COMMUNITY BUILDING: NWL COMMUNITY BUILDERS HELPED PLAN AND ORGANIZE FOUR NEIGHBORHOOD CLEAN-UPS, INCLUDING ONE IN MALONE/HAWLEY NEIGHBORHOOD, AND TWO IN IRVINGDALE, EVERETT, AND SOUTH SALT CREEK NEIGHBORHOODS. A RESOURCE FAIR ORGANIZED BY NWL'S COMMUNITY LEADERSHIP INSTITUTE (CLI) MEMBERS GAVE INFORMATION TO LOCAL RENTERS ABOUT THEIR RIGHTS AND RESOURCES. TWO NEIGHBORHOOD TOURS WERE HELD DETAILING THE HISTORY AND SIGNIFICANCE OF THE MALONE/HAWLEY NEIGHBORHOOD. WITH THE HELP OF LOCAL YOUTH FROM THE ASIAN CULTURAL COMMUNITY CENTER AND HOPESPOKE, A MURAL WAS RETOUCHED AND LOCAL PARTNERS INVITED TO CELEBRATE THE MURAL AND ITS HISTORY. CONTINUED WITH LOCAL PARTNERS TO IMPROVE ACCESS TO HEALTHY FOOD AND EDUCATION ON HEALTHY LIFESTYLE CHOICES.
OTHER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha A Lee Operations Officer | Officer | 40 | $74,215 |
Wayne Mortensen Chief Executive Officer | Officer | 40 | $65,288 |
Terry Uland Interim Chief Executive Of | Officer | 40 | $64,663 |
Michael Renken Chief Executive Officer | Officer | 40 | $6,103 |
Wynn Hjermstad Vice President | OfficerTrustee | 1 | $0 |
Joe Shaw President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hbe Becker Meyer Love Llp Accounting | 9/29/20 | $141,742 |
Hbe Becker Meyer Love Llp Accounting | 9/29/20 | $141,742 |
Clover Remodeling Construction | 9/29/20 | $135,163 |
Clover Remodeling Construction | 9/29/20 | $135,163 |
Hbe Becker Meyer Love Llp Accounting | 9/29/20 | $141,742 |
Clover Remodeling Construction | 9/29/20 | $135,163 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,655,172 |
| All other contributions, gifts, grants, and similar amounts not included above | $731,536 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,386,708 |
| Total Program Service Revenue | $136,152 |
| Investment income | $9,730 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,866 |
| Net Gain/Loss on Asset Sales | -$18,378 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$245,825 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,286,253 |
| 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. | $218,153 |
| Compensation of current officers, directors, key employees. | $52,849 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $369,776 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $44,670 |
| Payroll taxes | $43,105 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,107 |
| Fees for services: Accounting | $165,935 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $533 |
| Advertising and promotion | $31,531 |
| Office expenses | $2,427 |
| Information technology | $10,204 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $55 |
| 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 | $43,366 |
| Insurance | $32,550 |
| All other expenses | $43,118 |
| Total functional expenses | $1,365,732 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $905,125 |
| Savings and temporary cash investments | $41,357 |
| Pledges and grants receivable | $126,550 |
| Accounts receivable, net | $8,063 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,216,365 |
| Inventories for sale or use | $1,173,643 |
| Prepaid expenses and deferred charges | $7,916 |
| Net Land, buildings, and equipment | $954,496 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | -$54,094 |
| Intangible assets | $0 |
| Other assets | $16,399 |
| Total assets | $7,395,820 |
| Accounts payable and accrued expenses | $92,572 |
| 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 | $350,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $442,572 |
| Net assets without donor restrictions | $2,902,528 |
| Net assets with donor restrictions | $4,050,720 |
| 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 | $7,395,820 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Neighborhoods Inc has recieved totaling $322,451.
| Awarding Organization | Amount |
|---|---|
Lincoln Community Foundation Inc Lincoln, NE PURPOSE: COMMUNITY CAPACITY BUILDING, AFFORDABLE HOUSING, GENERAL SUPPORT | $302,451 |
Nebraska Community Foundation Lincoln, NE PURPOSE: NEIGHBORWORKS LINCOLN REAL ESTATE DEVELOPMENT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Holland Foundation Omaha, NE | $123,768,571 | $4,108,665 |
Neighbor To Neighbor Inc Fort Collins, CO | $13,618,294 | $17,160,662 |
Institute For Community Alliances Des Moines, IA | $2,443,302 | $12,133,028 |
Western Home Services Inc Cedar Falls, IA | $36,931,248 | $9,460,886 |
Tri-County Housing Inc Fowler, CO | $14,600,374 | $8,095,427 |
Justine Petersen Housing And Reinvestment Corporation Saint Louis, MO | $49,338,747 | $7,649,655 |
Elkhorn Valley Community Development Corporation Norfolk, NE | $12,960,627 | $4,413,796 |
Family Housing Advisory Services Inc Omaha, NE | $4,420,321 | $3,509,114 |
Habitat For Humanity International Inc Longmont, CO | $9,039,469 | $8,643,955 |
Habitat For Humanity International Inc Joplin, MO | $7,929,648 | $3,491,454 |
Successful Living Supportive Housing Program Iowa City, IA | $3,127,012 | $2,854,795 |
Hfho Real Estate Holdings Inc Omaha, NE | $4,308,408 | $2,447,749 |