Laredo-Webb Neighborhood Housing Services Inc
- Assets
- $6.7m
- Revenue
- $790.9k
- Investments
- $0.0
- Employees
- 11
- Location
- Laredo, TX
- Founding
- 01/1996
- Data as of
- 09/2022
- EIN
- 74-2611475
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 09/2022, 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 09/2022, NeighborWorks Laredo generated $790.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $855.3k during the year ending 09/2022. While expenses have increased by 6.3% 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 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) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Alonzo-Villarreal Chief Executive Officer | Officer | 40 | $102,916 |
Flor Gonzalez Board President | OfficerTrustee | 0 | $0 |
Gabriel Lopez Board Secretary | OfficerTrustee | 0 | $0 |
Mary G Serna Board Vice President | OfficerTrustee | 0 | $0 |
Ignacio Urrabazo Jr Board Treasurer | OfficerTrustee | 0 | $0 |
Jesus Hinojosa III Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $408,806 |
| All other contributions, gifts, grants, and similar amounts not included above | $195,900 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $604,706 |
| Total Program Service Revenue | $42,739 |
| Investment income | $10,082 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $133,419 |
| 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 | $790,946 |
| 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 | $296,610 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $61,803 |
| Payroll taxes | $26,317 |
| Fees for services: Management | $80,435 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $88,021 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,826 |
| Travel | $19,313 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,974 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $144,759 |
| Insurance | $14,618 |
| All other expenses | $0 |
| Total functional expenses | $855,297 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $926,072 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $13,159 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $117,842 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $43,716 |
| Net Land, buildings, and equipment | $5,618,759 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,719,548 |
| Accounts payable and accrued expenses | $61,370 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,319,858 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $35,810 |
| Total liabilities | $2,417,038 |
| Net assets without donor restrictions | $4,040,010 |
| Net assets with donor restrictions | $262,500 |
| 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 | $6,719,548 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Laredo-Webb Neighborhood Housing Services Inc has recieved totaling $286,500.
| Awarding Organization | Amount |
|---|---|
Neighborhood Reinvestment Corp Washington, DC PURPOSE: GENERAL SUPPORT | $271,500 |
National Association For Latino Community Asset Builders San Antonio, TX PURPOSE: Equitable Neighborhood Development | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Commonwealth Multifamly Housing Corporation Temple, TX | $162,876,921 | $14,871,130 |
Christian Community Action Lewisville, TX | $16,536,025 | $11,902,772 |
Central Oklahoma Habitat For Humanity Inc Oklahoma City, OK | $15,945,462 | $9,628,435 |
Rebuilding Together Houston Houston, TX | $2,380,403 | $3,485,226 |
San Antonio Housing Trust Foundation Inc San Antonio, TX | $7,282,965 | $2,625,653 |
Community Enhancement Corporation Oklahoma City, OK | $19,292,408 | $1,589,887 |
New Braunfels Community Resources Inc New Braunfels, TX | $2,281,417 | $2,005,183 |
Community Restoration Corporation Irving, TX | $696,507 | $9,217,251 |
Texas Campaign For The Environment Fund Austin, TX | $1,503,965 | $2,333,632 |
Habitat For Humanity International Inc New Braunfels, TX | $2,364,963 | $1,297,778 |
Lutheran Properties Inc Austin, TX | $10,751,890 | $1,244,486 |
City Of Lubbock Housing Initiatives Lubbock, TX | $2,597,981 | $392,861 |