Neighborhood Housing Services Of Baltimore Inc
- Assets
- $36.9m
- Revenue
- $8.1m
- Investments
- $4.6m
- Employees
- 39
- Location
- Baltimore, MD
- Founding
- 08/1974
- Data as of
- 08/2022
- EIN
- 52-1007666
Organization Overview
Neighborhood Housing Services Of Baltimore Inc is located in Baltimore, MD. The organization was established in 1974. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 08/2022, Neighborhood Housing Services Of Baltimore Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood Housing Services Of Baltimore 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 08/2022, Neighborhood Housing Services Of Baltimore Inc generated $8.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $4.5m during the year ending 08/2022. While expenses have increased by 4.1% 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
NEIGHBORHOOD HOUSING SERVICES OF BALTIMORE NHS STIMULATES, PROTECTS AND PRESERVES HOMEOWNERSHIP AND FINANCIAL WELL-BEING TO STRENGTHEN COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WITHIN THE LENDING DEPARTMENT, NHS BALTIMORE OFFERS A VARIETY OF LOANS FOR DOWN PAYMENT AND CLOSING COST ASSISTANCE, OWNER OCCUPIED REHAB AND SMALL DOLLAR CONSUMER LOANS. REHAB LENDING IS A HOME IMPROVEMENT LOAN TO ASSIST WITH STRUCTURAL REPAIR AND PARTICIPANTS CAN RECEIVE A LOAN OF UP TO 30,000 DEPENDING ON THE LEVEL OF WORK NEEDED FOR THE HOME. AN NHS STAFFPERSON ASSISTS IN BIDDING AND OVERSEEING CONSTRUCTION. QUICK FIX SMALL REHAB LOANS ARE FOR SMALLER JOBS AND PARTICIPANTS CAN RECEIVE LOANS UP TO 5,000. SMALL DOLLAR FOR REHAB CONSUMER LOANS AND SMALL DOLLAR CONSUMER LOANS ARE AVAILABLE FOR ALMOST ANYTHING TO ASSIST IN TIMES OF NEED. TAX SALE LOANS ARE FOR BORROWERS IN DANGER OF LOSING THEIR HOMES TO TAX SALE IN BALTIMORE CITY FOR SMALL AMOUNTS OF MONEY.
NHS FOCUSES ON THE GREATER MONDAWMIN AND COPPIN HEIGHTS COMMUNITIES OF WEST BALTIMORE SECURING AND DEPLOYING RESOURCES TO IMPROVE THE COMMUNITY.
NHS BALTIMORE HAS A VARIETY OF EDUCATIONAL AND COUNSELING PROGRAMS. THE HOMEOWNERSHIP COUNSELING PROGRAM IS A HUD APPROVED PROGRAM FOR FIRST TIME HOMEBUYERS LOOKING TO OBTAIN A CERTIFICATE THROUGH ATTENDING AN 8 HOURS HOMEBUYER WORKSHOP AND INDIVIDUAL COUNSELING. THE FAST TRACK FINANCIAL COACHING PROGRAM IS GEARED TO HELP INDIVIDUALS AND FAMILIES DEVELOP SOUND FINANCIAL MANAGEMENT SKILLS IN THEIR QUEST TO BUY A HOME. THE FINANCIAL FITNESS PROGRAM TEACHES INDIVIDUALS HOW TO MANAGE INCOME, CREATE A BUDGET, SAVE, AND APPLY FOR AND USE CREDIT TO YOUR ADVANTAGE. THE EXPEDITED COUNSELING PROGRAM GIVES INDIVIDUALS ACCESS TO EXPEDITED COUNSELING SERVICES MORE QUICKLY FOR A FEE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel T Ellis Executive Director | Trustee | 40 | $119,584 |
Johnette Richardson Deputy Dir Of Operation | 40 | $108,114 | |
April Lewis Chair | OfficerTrustee | 1 | $0 |
Arica Gonzalez Vice Chair | OfficerTrustee | 1 | $0 |
Bree Jones Treasurer | OfficerTrustee | 1 | $0 |
Susan Tifft Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Flipping Houses Llc Contractor | 8/30/22 | $423,147 |
Jc Porter Construction Contractor | 8/30/22 | $307,565 |
Joanna Batholomew Ohara Development Contractor | 8/30/22 | $259,473 |
Short Story Renovationa Contractor | 8/30/22 | $251,153 |
Rps Solutions Contractor | 8/30/22 | $232,066 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,636,582 |
| All other contributions, gifts, grants, and similar amounts not included above | $953,964 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,590,546 |
| Total Program Service Revenue | $1,330,228 |
| Investment income | $3,499 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $181,946 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,112,778 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $636,356 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $308,738 |
| Compensation of current officers, directors, key employees. | $46,410 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,892,882 |
| Pension plan accruals and contributions | $69,000 |
| Other employee benefits | $127,463 |
| Payroll taxes | $169,174 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,337 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $114,795 |
| Advertising and promotion | $15,134 |
| Office expenses | $46,063 |
| Information technology | $57,248 |
| Royalties | $0 |
| Occupancy | $184,011 |
| Travel | $1,497 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $101,449 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,878 |
| Insurance | $46,445 |
| All other expenses | $0 |
| Total functional expenses | $4,483,210 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,220,418 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,260,155 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $17,836,763 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $81,395 |
| Investments—publicly traded securities | $202,639 |
| Investments—other securities | $4,615,886 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,708,982 |
| Total assets | $36,926,238 |
| Accounts payable and accrued expenses | $614,087 |
| Grants payable | $0 |
| Deferred revenue | $970,860 |
| 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 | $9,759,233 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $565,621 |
| Total liabilities | $11,909,801 |
| Net assets without donor restrictions | $6,481,466 |
| Net assets with donor restrictions | $18,534,971 |
| 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 | $36,926,238 |