Neighborhood Housing Services Of Waco Inc
- Assets
- $16.5m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 9
- Location
- Waco, TX
- Founding
- 02/1994
- Data as of
- 09/2021
- EIN
- 74-2681649
Organization Overview
Neighborhood Housing Services Of Waco Inc, operating under the name Neighborworks Waco, is located in Waco, TX. The organization was established in 1994. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 09/2021, Neighborworks Waco employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborworks Waco 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 09/2021, Neighborworks Waco generated $1.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $1.5m during the year ending 09/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
BUILD STRONGER NEIGHBORHOODS THROUGH HOMEOWNERSHIP AND OTHER QUALITY HOUSING OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROPERTY MANAGEMENT - THE ORGANIZATION OFFERS A LEASE-PURCHASE PROGRAM FOR FAMILES ON THE CUSP OF HOMEOWNERSHIP. THE ORGANIZATION OWNED AND MANAGED 111 RENTAL UNITS DURING FISCAL YEAR 2021 THAT SERVICED 124 FAMILIES, 3 OF WHICH MOVED ON TO HOMEOWNERSHIP DURING THE YEAR.
REAL ESTATE DEVELOPMENT - THROUGH THEIR OUTREACH PROJECTS, NEIGHBORWORKS SEEKS TO CREATE OUTLETS TO MOBILIZE VOLUNTEERS, BEAUTIFY NEIGHBORHOODS, UNITE COMMUNITIES, AND CELEBRATE RESIDENT INVOLVEMENT. ALSO PROVIDES BEST-OF PRACTICES AND TRAINING TO LOCAL EMERGING AND ESTABLISHED LEADERS IN THE COMMUNITY. NEIGHBORWORKS HAS BEEN DEVELOPING AFFORDABLE HOUSING SINCE 1997 AND BOTH NEW CONSTRUCTION AND SINGLE FAMILY REHAB IS AVAILABLE. SIX SINGLE FAMILY HOME PROJECTS WERE COMPLETED IN FISCAL YEAR 2021.
LENDING - NEIGHBORWORKS OFFERS COMPETITIVE MORTGAGE PRODUCTS FOR FIRST MORTGAGES AND DOWN PAYMENT & CLOSING COST ASSISTANCE AT LOW INTEREST RATES. ALSO OFFERS A REFINANCE PRODUCT TO HELP REDUCE MONTHLY MORTGAGE PAYMENTS. THE ORGANIZATION COUNSELED WITH 380 FAMILIES THROUGH THE ONSITE AND ONLINE EDUCATION COURSE, COMPLETED LOANS FOR 17 FAMILIES AND 27 ADDITIONAL COUNSELED FAMILIES PURCHASED HOMES WITHOUT LENDING ASSISTANCE FROM THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roy Nash President, CEO | Officer | 40 | $161,225 |
Delisa Burnell-Smith Vice President, COO | Officer | 40 | $103,021 |
Karen Saucedo CFO | Officer | 40 | $85,332 |
Delfina Velasquez Board Chair | OfficerTrustee | 0 | $0 |
Scott Williams Treasurer | OfficerTrustee | 0 | $0 |
Elton Hall Executive Committee | OfficerTrustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Leslie Clark Cpmcrete Foundation Materials & Labor | 9/29/20 | $134,587 |
Valverde United Inc Rental Maintenance | 9/29/20 | $164,183 |
Leslie Clark Cpmcrete Foundation Materials & Labor | 9/29/20 | $134,587 |
Valverde United Inc Rental Maintenance | 9/29/20 | $164,183 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $534,702 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,156 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $551,858 |
| Total Program Service Revenue | $1,149,403 |
| Investment income | $23,936 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,130 |
| Net Income from Fundraising Events | $2,102 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,447 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,734,316 |
| 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. | $411,201 |
| Compensation of current officers, directors, key employees. | $105,041 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $296,451 |
| Pension plan accruals and contributions | $23,444 |
| Other employee benefits | $37,452 |
| Payroll taxes | $46,784 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,193 |
| Fees for services: Accounting | $39,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34 |
| Advertising and promotion | $21,913 |
| Office expenses | $37,556 |
| Information technology | $31,894 |
| Royalties | $0 |
| Occupancy | $28,568 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,833 |
| Interest | $82,626 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $221,267 |
| Insurance | $23,168 |
| All other expenses | $0 |
| Total functional expenses | $1,473,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,987,685 |
| Savings and temporary cash investments | $313,230 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $54,617 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,512,454 |
| Inventories for sale or use | $2,694,217 |
| Prepaid expenses and deferred charges | $3,169 |
| Net Land, buildings, and equipment | $7,855,897 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $36,263 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,457,532 |
| Accounts payable and accrued expenses | $855,722 |
| Grants payable | $0 |
| Deferred revenue | $360,873 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $126,336 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,543,586 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $113,920 |
| Total liabilities | $10,000,437 |
| Net assets without donor restrictions | $5,302,891 |
| Net assets with donor restrictions | $1,154,204 |
| 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 | $16,457,532 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Neighborhood Housing Services Of Waco Inc has recieved totaling $5,028.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $28 |
Endowment Analysis
| Beg. Balance | $121,631 |
| Earnings | $24,279 |
| Net Contributions | $10,080 |
| Ending Balance | $155,990 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Provident Commonwealth Education Resources Baton Rouge, LA | $142,254,594 | $7,390,935 |
Provident Commonwealth Education Resources Ii Baton Rouge, LA | $154,926,817 | $6,407,611 |
Houston Habitat For Humanity Inc Houston, TX | $36,979,256 | $11,315,347 |
Avenue Community Development Coporation Houston, TX | $81,189,118 | $11,542,239 |
Habitat For Humanity International Inc Fort Worth, TX | $28,701,953 | $17,323,879 |
Habitat For Humanity Of San Antonio Inc San Antonio, TX | $33,828,773 | $14,274,594 |
Housing And Community Services Inc San Antonio, TX | $78,883,961 | $25,153,792 |
Habitat For Humanity International Inc Tulsa, OK | $20,375,468 | $13,816,169 |
Front Steps Inc Austin, TX | $4,289,583 | $9,800,885 |
Operation Finally Home New Braunfels, TX | $6,586,831 | $9,808,854 |
Residential Realty Group I Inc A Delaware Corp Houston, TX | $5,107,430 | $0 |
Mccalls Community Homes Inc Ada, OK | $3,788,949 | $9,810,630 |