N Street Village Inc
- Assets
- $31.4m
- Revenue
- $12.1m
- Investments
- $0.0
- Employees
- 143
- Location
- Washington, DC
- Founding
- 08/1975
- Data as of
- 06/2022
- EIN
- 52-1007373
Organization Overview
N Street Village Inc is located in Washington, DC. The organization was established in 1975. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, N Street Village Inc employed 143 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. N Street Village 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 06/2022, N Street Village Inc generated $12.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $10.6m during the year ending 06/2022. While expenses have increased by 7.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER HOMELESS AND LOW-INCOME WOMEN TO CLAIM THEIR HIGHEST QUALITY OF LIFE BY OBTAINING AND MAINTAINING GAINS IN HOUSING, INCOME, EMPLOYMENT, MENTAL HEALTH, PHYSICAL HEALTH, AND ADDICTION RECOVERY. N STREET VILLAGE ALSO PROVIDES AFFORDABLE RENTAL HOUSING FOR LOW- AND MODERATE-INCOME INDIVIDUALS AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NSV IS A SOCIAL SERVICE ORGANIZATION WITH A DUAL MISSION: TO EMPOWER THOSE WHO FALL WITHIN THE BRACKETS OF LOW AND MODERATE INCOME AND WOMEN EXPERIENCING HOMELESSNESS TO CLAIM THEIR HIGHEST QUALITY OF LIFE AND TO PROVIDE AFFORDABLE HOUSING FOR LOW- AND MODERATE-INCOME INDIVIDUALS AND FAMILIES. NSV ACCOMPLISHES ITS MISSION BY OFFERING A PORTFOLIO OF SERVICES DESIGNED TO MEET THE NEEDS OF ITS CLIENTS TO INCLUDE SUPPORTIVE SERVICES, SHELTER, TEMPORARY TRANSITIONAL HOUSING, AND PERMANENT HOUSING BY ADHERING TO EVIDENCE-BASED PRACTICES. BY DOING THIS WE HELP WOMEN ACHIEVE PERSONAL STABILITY AND MAKE MEANINGFUL GAINS IN THEIR HOUSING, INCOME, EMPLOYMENT, MENTAL HEALTH, PHYSICAL HEALTH, AND ADDICTION RECOVERY IN AN ENVIRONMENT OF DIGNITY, HOPE, AND RESPECT. PRIOR TO THE PANDEMIC, N STREET VILLAGE SERVED NEARLY 2000 WOMEN AND 51 FAMILIES ANNUALLY. LAST YEAR, WE SERVED NEARLY 900 WOMEN AND 57 FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter D Shields Chair | OfficerTrustee | 1 | $0 |
Ruth M Sorenson Vice Chair | OfficerTrustee | 1 | $0 |
Carolyn Arpin Treasurer | OfficerTrustee | 1 | $0 |
Andrea Ponsor Assistant Treasurer | OfficerTrustee | 1 | $0 |
Patrice Willoughby Secretary | OfficerTrustee | 1 | $0 |
Hillary Baltimore Assistant Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
E-resources Llc It Services And Hosting | 6/29/22 | $430,472 |
William C Smith & Co Inc Property Management | 6/29/22 | $362,496 |
Trisource Temporary Services | 6/29/22 | $198,021 |
Careers In Nonprofits Inc Temp Fees | 6/29/22 | $123,905 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,276,131 |
| Related organizations | $0 |
| Government grants | $4,292,298 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,257,499 |
| Noncash contributions included in lines 1a–1f | $216,265 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,825,928 |
| Total Program Service Revenue | $778,043 |
| Investment income | $471,419 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $37,346 |
| Net Income from Fundraising Events | -$79,202 |
| Net Income from Gaming Activities | $19,754 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,098,781 |
| 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. | $399,943 |
| Compensation of current officers, directors, key employees. | $24,788 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,305,220 |
| Pension plan accruals and contributions | $38,464 |
| Other employee benefits | $512,581 |
| Payroll taxes | $467,387 |
| Fees for services: Management | $32,852 |
| Fees for services: Legal | $65,421 |
| Fees for services: Accounting | $43,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $233,291 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,039,816 |
| Advertising and promotion | $3,349 |
| Office expenses | $2,256 |
| Information technology | $363,748 |
| Royalties | $0 |
| Occupancy | $1,297,261 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,095 |
| Interest | $42,017 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $609,059 |
| Insurance | $0 |
| All other expenses | $9,462 |
| Total functional expenses | $10,554,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $503,845 |
| Savings and temporary cash investments | $9,205,460 |
| Pledges and grants receivable | $928,946 |
| Accounts receivable, net | $1,741,452 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,235,492 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $41,312 |
| Net Land, buildings, and equipment | $10,029,479 |
| Investments—publicly traded securities | $3,362,524 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $345,686 |
| Total assets | $31,394,196 |
| Accounts payable and accrued expenses | $488,694 |
| Grants payable | $0 |
| Deferred revenue | $37,255 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $33,532 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,188,464 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,463 |
| Total liabilities | $3,751,408 |
| Net assets without donor restrictions | $27,622,981 |
| Net assets with donor restrictions | $19,807 |
| 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 | $31,394,196 |