Neighborhood Housing Services Inc Of Great Falls
- Assets
- $22.4m
- Revenue
- $2.4m
- Investments
- $261.5k
- Employees
- 31
- Location
- Great Falls, MT
- Founding
- 05/1980
- Data as of
- 09/2023
- EIN
- 81-0389825
Organization Overview
Neighborhood Housing Services Inc Of Great Falls, operating under the name Neighborworks Great Falls, is located in Great Falls, MT. The organization was established in 1980. 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 Great Falls employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborworks Great Falls 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 Great Falls generated $2.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $1.8m during the year ending 09/2023. While expenses have increased by 0.5% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
NEIGHBORWORKS GREAT FALLS CREATES STRONG NEIGHBORHOODS AND SUCCESSFUL HOMEOWNERS BY DEVELOPING AND PROMOTING QUALITY AFFORDABLE HOUSING.
Describe the Organization's Program Activity:
IN FISCAL YEAR 2023, NEIGHBORWORKS GREAT FALLS COMPLETED 4 AFFORDABLE FAMILY HOMES, COMPLETED 10 SELF-HELP SWEAT EQUITY HOMES, GRADUATED 262 FAMILIES FROM HOMEBUYER EDUCATIONS COURSES, GENERATED 38,270 HOURS OF COUNSELING, 22 HOUSEHOLDS ASSISTED IN FORECLOSURE OR REVERSE MORTGAGES, 41 HOMEBUYERS PARTICIPATED IN OUR MATCHES SAVINGS PROGRAM, COUNSELED 104 FAMILIES INTO FIRST TIME HOME OWNERSHIP, AND ORIGINATED 26 NEW LOANS FOR FIRST TIME HOMEBUYERS AND DEBT RESTRUCTURING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Sturges President | OfficerTrustee | 2 | $0 |
Jim Dea 1st Vice President | OfficerTrustee | 1 | $0 |
Celia Blewett 2nd Vice President | OfficerTrustee | 1 | $0 |
Susan Humble Secretary | OfficerTrustee | 1 | $0 |
Kari Young Treasurer | OfficerTrustee | 1 | $0 |
Steve King Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
M&d Construction Various Construction Services | 9/29/19 | $388,836 |
High Plains Construction Various Construction Services | 9/29/19 | $253,473 |
Montana Helical Piers Various Construction Services | 9/29/19 | $115,405 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,096,080 |
| All other contributions, gifts, grants, and similar amounts not included above | $523,361 |
| Noncash contributions included in lines 1a–1f | $220,169 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,619,441 |
| Total Program Service Revenue | $558,391 |
| Investment income | $89,743 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$75,594 |
| Net Gain/Loss on Asset Sales | $168,873 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,367,621 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $52,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $240,287 |
| Compensation of current officers, directors, key employees. | $176,725 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $824,687 |
| Pension plan accruals and contributions | $26,348 |
| Other employee benefits | $92,968 |
| Payroll taxes | $108,780 |
| 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 | $7,734 |
| Fees for services: Other | $55,660 |
| Advertising and promotion | $31,064 |
| Office expenses | $32,942 |
| Information technology | $11,196 |
| Royalties | $0 |
| Occupancy | $108,552 |
| Travel | $53,529 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,576 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,194 |
| Insurance | $19,374 |
| All other expenses | $18,810 |
| Total functional expenses | $1,840,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,344,112 |
| Savings and temporary cash investments | $4,044,554 |
| Pledges and grants receivable | $49,245 |
| Accounts receivable, net | $377,354 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $9,207,863 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $43,850 |
| Net Land, buildings, and equipment | $4,114,039 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $261,477 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,002,713 |
| Total assets | $22,445,207 |
| Accounts payable and accrued expenses | $239,579 |
| Grants payable | $0 |
| Deferred revenue | $291,500 |
| 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 | $4,913,848 |
| Unsecured mortgages and notes payable | $275,000 |
| Other liabilities | $94,425 |
| Total liabilities | $5,814,352 |
| Net assets without donor restrictions | $7,967,792 |
| Net assets with donor restrictions | $8,663,063 |
| 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 | $22,445,207 |