Laredo-Webb Neighborhood Housing Services Inc

Organization Overview

Laredo-Webb Neighborhood Housing Services Inc, operating under the name NeighborWorks Laredo, is located in Laredo, TX. The organization was established in 1996. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, NeighborWorks Laredo employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. NeighborWorks Laredo 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 09/2023, NeighborWorks Laredo generated $832.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $1.0m during the year ending 09/2023. While expenses have increased by 12.5% per year over the past 4 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE AND DEVELOP AFFORDABLE HOUSING OPPORTUNITIES; PROMOTE AND PRESERVE HOMEOWNERSHIP BY PROVIDING LOANS,DOWN PAYMENT AND CLOSING COSTS,HOMEBUYER EDUCATION COURSES AND COUNSELING, FORECLOSURE MITIGATION COUNSELING, FINANCIAL CAPABILITIES WORKSHOPS INCLUDING CREDIT COACHING AND AFFORDABLE RENTAL OPPORTUNITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED HOMEBUYER ASSISTANCE COUNSELING CLASSES AND PROVIDED LOANS, DOWN PAYMENT AND CLOSING COSTS ASSISTANCE.


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Board, Officers & Key Employees

Name (title)Compensation
Flor Gonzalez
Board President
$0
Mary G Serna
Board Vice President
$0
Ignacio Urrabazo Jr
Board Treasurer
$0
Gabriel Lopez
Board Secretary
$0
Manuel Osorio
Board Member
$0
Yolanda Sciaraffa
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $421,649
All other contributions, gifts, grants, and similar amounts not included above$305,398
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$727,047
Total Program Service Revenue$59,301
Investment income $10,306
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $148,181
Net Gain/Loss on Asset Sales -$112,102
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $832,733

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