Nestquest Houston Inc
- Assets
- $268.7k
- Revenue
- $911.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Houston, TX
- Founding
- 04/2018
- Data as of
- 12/2021
- EIN
- 81-5310771
Organization Overview
Nestquest Houston Inc is located in Houston, TX. The organization was established in 2018. 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 12/2021, Nestquest Houston Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nestquest Houston Inc 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 12/2021, Nestquest Houston Inc generated $911.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 35.4% each year . All expenses for the organization totaled $857.9k during the year ending 12/2021. 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
TO EXPAND HOUSING ACCESS IN HIGH OPPORTUNITY AREAS FOR LOW INCOME CLIENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPANDING HOUSING ACCESS IN HIGH OPPORTUNITY AREAS FOR LOW INCOME CLIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Isabel Lopez Executive Director | Officer | 40 | $71,260 |
Sanjay Bapat Board Vice President & Treasurer | Officer | 1 | $0 |
Dav Lewis Board Chair | Officer | 1 | $0 |
Lindsay Lanagan Board Secretary | Officer | 1 | $0 |
Gary Blumberg Board Treasurer | Officer | 1 | $0 |
Ericka Bowman Board Member | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $156,653 |
| All other contributions, gifts, grants, and similar amounts not included above | $214,251 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $370,904 |
| Total Program Service Revenue | $540,813 |
| Investment income | $3 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $911,720 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $560,821 |
| 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 | $186,519 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,076 |
| Payroll taxes | $14,913 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,715 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,411 |
| Advertising and promotion | $0 |
| Office expenses | $7,938 |
| Information technology | $109 |
| Royalties | $0 |
| Occupancy | $13,523 |
| Travel | $2,160 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,343 |
| All other expenses | $926 |
| Total functional expenses | $857,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,785 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $131,909 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,611 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,398 |
| Total assets | $268,703 |
| Accounts payable and accrued expenses | $10,599 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,400 |
| Total liabilities | $27,999 |
| Net assets without donor restrictions | $67,896 |
| Net assets with donor restrictions | $172,808 |
| 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 | $268,703 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Nestquest Houston Inc has recieved totaling $70,017.
| Awarding Organization | Amount |
|---|---|
Centerpoint Energy Foundation Inc Houston, TX PURPOSE: NESTQUEST HOUSTON HOUSING AND EDUCATION PROGRAM | $25,000 |
Texas Association Of Realtors Housing Opportunity Foundation Austin, TX PURPOSE: GENERAL SUPPORT | $20,000 |
Columbia Pipeline Group Charitable Foundation Houston, TX PURPOSE: HOUSING AND EDUCATION STABILITY | $15,000 |
Union Pacific Foundation Omaha, NE PURPOSE: HUMAN RIGHTS | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $17 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Choctaw Home Finance Corporation Hugo, OK | $41,603,896 | $2,950,150 |
Mueller Foundation Austin, TX | $53,172,172 | $7,187,805 |
Urban Housing Of America Inc Louisiana Shreveport, LA | $2,533,018 | $1,195,924 |
Neighborhood Housing Services Of San Antonio Inc San Antonio, TX | $7,102,785 | $963,839 |
Nestquest Houston Inc Houston, TX | $268,703 | $911,720 |
United South Broadway Corporation Albuquerque, NM | $880,290 | $964,154 |
Harlingen Community Development Corporation Harlingen, TX | $6,702,200 | $615,756 |
Osage Financial Resources Inc An Oklahoma Non Profit Corporation Pawhuska, OK | $4,289,875 | $172,546 |
Middle Creek Housing Corporation Natchitoches, LA | $377,207 | $389,902 |
Gvec Charitable Foundation Gonzales, TX | $170,391 | $368,730 |
Arkla Good Neighbor Fuel Fund Shreveport La Houston, TX | $44,413 | $64,953 |
Tarrant County Furniture Bank Fort Worth, TX | $8,502 | $0 |