Neighborhood Housing Services Of Southeast Wisconsin Inc
- Assets
- $3.6m
- Revenue
- $381.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Kenosha, WI
- Founding
- 09/1982
- Data as of
- 09/2022
- EIN
- 39-1416746
Organization Overview
Neighborhood Housing Services Of Southeast Wisconsin Inc is located in Kenosha, WI. The organization was established in 1982. 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 09/2022, Neighborhood Housing Services Of Southeast Wisconsin Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood Housing Services Of Southeast Wisconsin 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 09/2022, Neighborhood Housing Services Of Southeast Wisconsin Inc generated $381.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.8%) each year. All expenses for the organization totaled $338.1k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
NEIGHBORHOOD HOUSING SERVICES OF SOUTHEAST WISCONSIN IS A PRIVATE NOT-FOR-PROFIT DEVELOPMENT CORPORATION COMMITTED TO REVITALIZING FEATURED NEIGHBORHOODS IN THE RACINE AND KENOSHA AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSETS AND PROPERTY MANAGEMENT
REAL ESTATE DEVELOPMENT
HOME OWNERSHIP PROMOTION: ACTIVITIES PROMOTING HOME OWNERSHIP INCLUDING FINANCIAL FITNESS EDUCATION, PRE AND POST PURCHASE COUNSELING, FINANCIAL ASSISTANCE (BOTH LOANS AND GRANTS), AND THE MARKETING AND SALE OF NEWLY DEVELOPED PROPERTIES.
EXISTING HOME OWNER SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Domenick Martinelli Executive Director | Officer | 40 | $88,600 |
Jane Brydges Associate Director & CFO | Officer | 40 | $85,531 |
David Gallo President | OfficerTrustee | 1 | $0 |
Jeff Molinski Secretary | OfficerTrustee | 1 | $0 |
David Knabel Treasurer | OfficerTrustee | 1 | $0 |
Michelle Christensen Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $204,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $204,000 |
| Total Program Service Revenue | $122,463 |
| Investment income | $0 |
| 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 | $381,024 |
| 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. | $176,002 |
| Compensation of current officers, directors, key employees. | $8,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $11,445 |
| Other employee benefits | $24,874 |
| Payroll taxes | $12,879 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,213 |
| Fees for services: Accounting | $9,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,474 |
| Advertising and promotion | $0 |
| Office expenses | $4,279 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,137 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,414 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,291 |
| Insurance | $8,819 |
| All other expenses | $658 |
| Total functional expenses | $338,098 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,693,628 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,711 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,345,837 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $251 |
| Net Land, buildings, and equipment | $537,700 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | -$17,800 |
| Total assets | $3,564,327 |
| Accounts payable and accrued expenses | $24,014 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $18,308 |
| 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 | $30 |
| Total liabilities | $42,352 |
| Net assets without donor restrictions | $3,445,051 |
| Net assets with donor restrictions | $76,924 |
| 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 | $3,564,327 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Neighborhood Housing Services Of Southeast Wisconsin Inc has recieved totaling $206,500.
| Awarding Organization | Amount |
|---|---|
Neighborhood Reinvestment Corp Washington, DC PURPOSE: GENERAL SUPPORT | $206,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
All Chicago Making Homelessness History Chicago, IL | $31,255,730 | $72,080,478 |
Western Home Services Inc Cedar Falls, IA | $172,352,897 | $41,691,659 |
Housing Services Mid Michigan Charlotte, MI | $2,013,469 | $14,437,193 |
Community Contacts Inc Elgin, IL | $3,819,582 | $12,869,082 |
Institute For Community Alliances Des Moines, IA | $2,443,302 | $12,133,028 |
Community Rebuilders Grand Rapids, MI | $5,851,617 | $11,572,784 |
Western Home Services Inc Cedar Falls, IA | $36,931,248 | $9,460,886 |
Chicago Metropolitan Housing Development Corporation Chicago, IL | $46,092,100 | $7,394,940 |
Cinnaire Lending Corporation Lansing, MI | $75,621,059 | $9,899,346 |
Partners For Community Development Inc Sheboygan, WI | $8,253,882 | $7,968,342 |
West Chicago Preservation Corp Chicago, IL | $9,151,204 | $2,715,959 |
Bridge Communities Inc Glen Ellyn, IL | $16,127,143 | $5,545,489 |