Healthy Neighborhood Enterprises
- Assets
- $320.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Norfolk, VA
- Founding
- 04/2014
- Data as of
- 12/2021
- EIN
- 46-4299259
Organization Overview
Healthy Neighborhood Enterprises is located in Norfolk, VA. The organization was established in 2014. According to its NTEE Classification (S30) the organization is classified as: Economic 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. Healthy Neighborhood Enterprises 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 12/2021, Healthy Neighborhood Enterprises generated $350.0 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 (55.4%) each year. All expenses for the organization totaled $97.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
SUPPORT OF DISTRESSED NEIGHBORHOODS UNABLE TO ATTRACT INVESTMENT FROM TRADITIONAL SOURCES THAT HAVE BEEN RECOGNIZED BY A GOVERNMENTAL ENTITY AS IN NEED OF REDEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terez Patterson Executive Director | 30 | $63,006 | |
Deborah M Dicroce Director | 2 | $0 | |
James Rodgers Director | 5 | $0 | |
Vincent J Mastracco Jr Director | 5 | $0 | |
Charles E Johnson Jr Director | 5 | $0 | |
Robert Jenkins Jr Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $350 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $350 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $63,006 |
| Professional fees and other payments to independent contractors | $7,335 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $455 |
| Other expenses | $12,238 |
| Total expenses | $97,155 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $317,872 |
| Other assets | $0 |
| Total assets | $320,690 |
| Total liabilities | $0 |
| Net assets or fund balances | $320,690 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Healthy Neighborhood Enterprises has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Hampton Roads Community Foundation Norfolk, VA PURPOSE: PROGRAM DEVELOPMENT | $50,000 |
Hampton Roads Community Foundation Norfolk, VA PURPOSE: PROGRAM DEVELOPMENT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
East Baltimore Development Inc Baltimore, MD | $12,751,192 | $30,262,944 |
Nash-Edgecombe Economic Development Inc Rocky Mount, NC | $2,214,551 | $9,450,498 |
Alexandria Economic Development Partnership Inc Alexandria, VA | $1,919,174 | $9,268,061 |
Montgomery County Economic Development Corporation Rockville, MD | $2,827,028 | $7,933,113 |
The Center For Kentucky Rural Economic Development Inc Somerset, KY | $52,726,644 | $7,680,890 |
Kentucky Highlands Investment Corporation London, KY | $130,461,604 | $9,285,837 |
National Skills Coalition Washington, DC | $13,426,049 | $8,828,304 |
Richmond Metropolitan Convention & Vistors Bureau Richmond, VA | $6,099,091 | $8,138,093 |
Salisbury Wicomico Economic Development Inc Salisbury, MD | $1,249,911 | $5,424,669 |
Knoxville Convention & Visitors Bureau Inc Knoxville, TN | $5,768,468 | $5,619,069 |
Ohio Valley Industrial And Business Development Corporation Wheeling, WV | $52,241,804 | $7,887,097 |
Tri-County Council For Southern Maryland Hughesville, MD | $3,701,278 | $4,380,488 |