Neighborhood Housing And Development Corporation
- Assets
- $6.9m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 8
- Location
- Gainesville, FL
- Founding
- 04/1982
- Data as of
- 09/2022
- EIN
- 59-2203965
Organization Overview
Neighborhood Housing And Development Corporation is located in Gainesville, FL. The organization was established in 1982. 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 09/2022, Neighborhood Housing And Development Corporation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood Housing And Development Corporation 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 And Development Corporation generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $1.2m during the year ending 09/2022. While expenses have increased by 0.4% 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
THE ORGANIZATIONS MISSION IS TO IMPROVE QUALITY OF LIFE AND ECONOMIC OPPORTUNITIES BY PROVIDING SERVICES THAT WILL ADDRESS IDENTIFIED COMMUNITY NEEDS. THE PRIMARY FOCUS IS TO INCREASE ACCESS TO QUALITY, AFFORDABLE, SUSTAINABLE HOUSING FOR LOW INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING DEVELOPMENT. THE CORPORATION BUILDS NEW HOMES AND REHABILITATES EXISTING HOMES THAT ARE MADE AVAILABLE FOR SALE TO FIRST-TIME HOME BUYERS.
RENTAL PROGRAM. THE CORPORATION MAINTAINS AN INVENTORY OF SINGLE FAMILY RENTAL PROPERTIES THAT ARE AVAILABLE FOR HOUSEHOLDS WHO ASPIRE TO BECOME HOME PURCHASERS AND PROVIDES THEM WITH ON-GOING COUNSELING SUPPORT THAT IS INTENDED TO ASSIST THEM TO BECOME MORTGAGE READY FOR EVENTUAL HOME OWNERSHIP. THE CORPORATION MANAGES PROPERTIES THAT ARE OWNED SOLELY BY THE CORPORATION. IN ADDITION, THE RENTAL PORTFOLIO CONSISTS OF PROPERTIES PROVIDED THROUGH THE ALACHUA AND CLAY COUNTY NEIGHBORHOOD STABILIZATION PROGRAMS. AFTER THE 15-YEAR AFFORDABILITY PERIOD, THE TITLE TO THESE PROPERTIES WILL BE TRANSFERRED TO THE CORPORATION.
HOME OWNERSHIP PROMOTION. THE CORPORATION ACTIVELY PROMOTES HOME OWNERSHIP USING THE FINANCIAL FITNESS PROGRAM AND THE PRE-PURCHASE HOME BUYER EDUCATION SEMINAR. THE FINANCIAL FITNESS PROGRAM IS AN EIGHT HOUR COURSE CONSISTING OF FOUR INSTRUCTIONAL SEGMENTS THAT FOCUS ON 1) BASIC MONEY MATTERS, 2) BUDGETING, 3) CREDIT REPAIR, AND 4) OTHER FINANCIAL TOPICS. THE CLASS IS INTENDED FOR HOUSEHOLDS THAT HAVE A DREAM OF HOME OWNERSHIP BUT HAVE CREDIT OR FINANCIAL OBSTACLES. THE COURSE IS GENERALLY FACILITATED OFF-SITE THROUGH A PARTNERSHIP RELATIONSHIP WITH AFFILIATE SOCIAL SERVICE ORGANIZATIONS AND CHURCH GROUPS.THE PRE-PURCHASE HOME BUYER EDUCATION SEMINAR IS DESIGNED TO EDUCATE PARTICIPANTS ON THE HOME PURCHASE PROCESS.
HOME OWNERSHIP PRESERVATION. THE CORPORATION SUPPORTS PARTICIPANTS IN PRESERVING THEIR MORTGAGE THROUGH TOUGH ECONOMIC TIMES. THE CORPORATION PROVIDES INTENSIVE MORTGAGE DELINQUENCY AND FORECLOSURE INTERVENTION COUNSELING FOR HOME OWNERS IN FINANCIAL DISTRESS. THE CORPORATION ALSO PERFORMS HOME REPAIR ASSISTANCE TO VERY-LOW AND LOWER INCOME OWNER-OCCUPANT HOUSEHOLD IN ALACHUA COUNTY. THE PROGRAM FOCUSSES ON PROVIDING EMERGENCY HOME REPAIRS SUCH AS ROOF, PLUMBING, ELECTRICAL, HVAC SYSTEMS AND ACCESSIBIITY ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corey Harris Former Executive Director | Officer | 40 | $94,897 |
Cheryl Beardsley CFO Interim CEO | Officer | 40 | $56,358 |
Paul Haven Treasurer | OfficerTrustee | 1 | $0 |
P Andre Parchment Secretary | OfficerTrustee | 1 | $0 |
Janelle Profant President | OfficerTrustee | 1 | $0 |
Brittani Powell Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cts Llc Home Construction | 9/29/22 | $485,098 |
Fla Homes Inc Home Construction | 9/29/22 | $206,502 |
The Ford Design Group Llc Home Construction | 9/29/22 | $181,175 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $613,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,688 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $648,438 |
| Total Program Service Revenue | $431,898 |
| Investment income | $2,475 |
| 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 | $567,792 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,650,603 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $24,721 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $160,559 |
| Compensation of current officers, directors, key employees. | $53,498 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $203,166 |
| Pension plan accruals and contributions | $15,043 |
| Other employee benefits | $23,091 |
| Payroll taxes | $26,843 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,365 |
| Fees for services: Accounting | $16,995 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,377 |
| Advertising and promotion | $8,668 |
| Office expenses | $15,041 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,857 |
| Travel | $4,835 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $155 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86,822 |
| Insurance | $17,528 |
| All other expenses | $0 |
| Total functional expenses | $1,209,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5 |
| Savings and temporary cash investments | $1,104,891 |
| Pledges and grants receivable | $301,292 |
| Accounts receivable, net | $1,103 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $42,718 |
| Inventories for sale or use | $218,879 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,218,301 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,026,817 |
| Total assets | $6,914,006 |
| Accounts payable and accrued expenses | $169,908 |
| Grants payable | $0 |
| Deferred revenue | $31,958 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $24,873 |
| 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 | $0 |
| Total liabilities | $226,739 |
| Net assets without donor restrictions | $5,306,263 |
| Net assets with donor restrictions | $1,381,004 |
| 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 | $6,914,006 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Neighborhood Housing And Development Corporation has recieved totaling $12.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $12 |
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 |