The Neighbor Project
- Assets
- $2.6m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 20
- Location
- Aurora, IL
- Founding
- 03/1991
- Data as of
- 12/2023
- EIN
- 36-3753248
Organization Overview
The Neighbor Project is located in Aurora, IL. The organization was established in 1991. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Neighbor Project employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighbor Project 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, Neighbor Project generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 39.6% each year . All expenses for the organization totaled $2.2m during the year ending 12/2023. While expenses have increased by 19.6% per year over the past 7 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
ACTIVATING THE POTENTIAL OF WORKING FAMILIES TO REVITALIZE THEIR NEIGHBORHOODS THROUGH HOMEOWNERSHIP, EDUCATION AND SAVINGS PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGED AND/OR OBTAINED EXISTING HOMES AND VACANT LOTS TO PROVIDE AFFORDABLE HOUSING AND SAVINGS OPPORTUNITIES TO PROPERLY SCREENED LOW TO MODERATE INCOME FAMILIES. HELPING FAMILIES STAY IN THEIR HOMES BY MANAGING SIGNIFICANT HOME REPAIR PROJECTS ON BEHALF OF THE HOMEOWNER: IN 2023 NEARLY 20 HOUSEHOLDS RECEIVED PASS THROUGH GRANTS/FORGIVABLE LOANS EXCEEDING $400,000 FOR REPAIRS THAT INCLUDED ROOF REPLACEMENTS, MAJOR PLUMBING REPAIRS, UPGRADING OF DANGEROUS ELECTRICAL, FURNACE REPLACEMENTS AND MORE.
PROVIDED HOUSING AND FINANCIAL COUNSELING SERVICES TO LOW TO MODERATE INCOME PEOPLE TO ASSIST AS NECESSARY IN AVOIDING FORECLOSURE AND/OR ACQUIRING SAFE, GOOD QUALITY AFFORDABLE HOUSING. ADDITIONALLY, MANY LOW TO MODERATE INCOME HOMEOWNERS ARE ABLE TO STAY IN THEIR HOMES BY THE ORGANIZATION MANAGING SIGNIFICANT HOME REPAIR PROJECTS ON BEHALF OF THE HOMEOWNER: IN 2023, OVER 20 HOUSEHOLDS RECEIVED PASS THROUGH GRANTS/FORGIVABLE LOANS EXCEEDING $400,000 FOR REPAIRS THAT INCLUDED ROOF REPLACEMENTS, MAJOR PLUMBING REPAIRS, UPGRADING OF DANGEROUS ELECTRICAL, FURNACE REPLACEMENTS AND MORE.
MAINTAIN NON-RESIDENTIAL/COMMERCIAL PROPERTIES SUCH AS PARKING LOT(S) AND OFFICE BUILDING(S) TO SUPPORT HOUSING AND/OR OTHER ASPECTS OF THE NON-PROFIT MISSION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Guzman Executive Dir. | Officer | 55 | $106,375 |
Daniel Dolan Past President | Trustee | 4 | $0 |
Patrick Divine Director | Trustee | 2 | $0 |
Viviana Vargas Director | Trustee | 2 | $0 |
Suzette Murray Vice President | OfficerTrustee | 4 | $0 |
John Frerich Treasurer | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $9,944 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,168,947 |
| All other contributions, gifts, grants, and similar amounts not included above | $270,697 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,449,588 |
| Total Program Service Revenue | $335,662 |
| Investment income | $23 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $111,669 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,257,088 |
| 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. | $106,375 |
| Compensation of current officers, directors, key employees. | $13,829 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $845,340 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $150,849 |
| Payroll taxes | $76,429 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,500 |
| Fees for services: Accounting | $16,021 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $28,003 |
| Office expenses | $31,543 |
| Information technology | $44,275 |
| Royalties | $0 |
| Occupancy | $6,818 |
| Travel | $514 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $62,209 |
| Interest | $67,004 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,139 |
| Insurance | $34,227 |
| All other expenses | $70,144 |
| Total functional expenses | $2,184,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $302,493 |
| Savings and temporary cash investments | $68,314 |
| Pledges and grants receivable | $4,364 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $30,330 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,220 |
| Net Land, buildings, and equipment | $1,962,215 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $200,055 |
| Total assets | $2,584,991 |
| Accounts payable and accrued expenses | $29,244 |
| 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 | $1,366,881 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $200,933 |
| Total liabilities | $1,597,058 |
| Net assets without donor restrictions | $987,933 |
| 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 | $2,584,991 |