Neighborhood Housing Services Of South Florida Inc
- Assets
- $3.8m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 18
- Location
- Miami, FL
- Founding
- 01/1981
- Data as of
- 06/2022
- EIN
- 59-1845761
Organization Overview
Neighborhood Housing Services Of South Florida Inc is located in Miami, FL. The organization was established in 1981. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Neighborhood Housing Services Of South Florida Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood Housing Services Of South Florida 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, Neighborhood Housing Services Of South Florida Inc generated $2.9m 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 (5.0%) each year. All expenses for the organization totaled $2.7m during the year ending 06/2022. 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 DEVELOP SUSTAINABLE HOUSING, FINANCE NEW HOMEBUYERS, EDUCATE CURRENT AND PROSPECTIVE HOMEBUYERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPING SUSTAINABLE HOUSING, FINANCING NEW HOMEBUYERS, EDUCATING CURRENT AND PROSPECTIVE HOMEBUYERS ABOUT SUCCESSFUL HOMEOWNERSHIP, AND ENGAGING IN ACTIVITIES THAT STABILIZING NEIGHBORHOODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Henderson Presidentceo | Officer | 60 | $137,603 |
Althea Harris Director | Trustee | 2 | $0 |
Gregory Bartice Treasurer | Trustee | 2 | $0 |
Kamalah Fletcher Director | Trustee | 2 | $0 |
Francisco Iglesias Vice Chair | Trustee | 2 | $0 |
Willie Duckworth Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,778,523 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,778,523 |
| Total Program Service Revenue | $158,011 |
| 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 | $2,936,534 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $926,507 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $333,183 |
| Advertising and promotion | $81,144 |
| Office expenses | $115,982 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,634 |
| Travel | $9,330 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $61,690 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,249 |
| Insurance | $82,952 |
| All other expenses | $0 |
| Total functional expenses | $2,733,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $437,639 |
| Savings and temporary cash investments | $663,086 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,471 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,124,093 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $31,464 |
| Net Land, buildings, and equipment | $1,093,037 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $441,664 |
| Total assets | $3,823,454 |
| Accounts payable and accrued expenses | $201,580 |
| Grants payable | $0 |
| Deferred revenue | $511,994 |
| 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 | $2,329,895 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,043,469 |
| Net assets without donor restrictions | -$263,231 |
| Net assets with donor restrictions | $1,043,216 |
| 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 | $3,823,454 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Neighborhood Housing Services Of South Florida Inc has recieved totaling $5,582,505.
| Awarding Organization | Amount |
|---|---|
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION | $3,000,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION | $2,000,000 |
Citi Foundation New York, NY PURPOSE: COMMUNITY PROGRESS MAKERS | $250,000 |
Citi Foundation New York, NY PURPOSE: COMMUNITY PROGRESS MAKERS | $250,000 |
Enterprise Community Partners Inc Columbia, MD PURPOSE: CAPACITY BUILDING | $30,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $25,000 |
Endowment Analysis
| Beg. Balance | $1,179,645 |
| Ending Balance | $1,179,645 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Black Business Capital Financing Corporation Orlando, FL | $2,368,994 | $4,102,775 |
Neighborhood Housing Services Of South Florida Inc Miami, FL | $3,823,454 | $2,936,534 |
Tallahassee Lenders Consortium Inc Tallahassee, FL | $2,335,022 | $1,031,259 |
Neighborhood Housing And Development Corporation Gainesville, FL | $6,914,006 | $1,650,603 |
Heating Energy Assistance Team Inc Smyrna, GA | $1,435,570 | $1,363,799 |
Presbyterian Community Ministry Inc Auburn, AL | $372,932 | $0 |
Share Credit Corp St Simons Island, GA | $1,942,550 | $101,176 |
Home Buying Assistance Foundation Tamarac, FL | $5,125 | $0 |
Senior Citizens Housing Development Corporation Of Fontana Plantation, FL | $13,331,099 | $0 |