Neighborworks Boise
- Assets
- $11.4m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Boise, ID
- Founding
- 02/1983
- Data as of
- 12/2022
- EIN
- 82-0372645
Organization Overview
Neighborworks Boise is located in Boise, ID. The organization was established in 1983. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborworks Boise 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 12/2022, Neighborworks Boise generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $2.8m during the year ending 12/2022. While expenses have increased by 4.9% 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 CREATE INNOVATIVE HOUSING SOLUTIONS FOR UNDERSERVED POPULATIONS THROUGH STRATEGIC PARTNERSHIPS
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDABLE HOUSING: DEVELOPING HOUSING OPPORTUNITIES FOR IDAHO RESIDENTS.
COMMUNITY HOME LENDING: CREATING HOMEOWNERSHIP OPPORTUNITIES BY PROVIDING LOW INTEREST LOANS STATEWIDE FOR APPLICANTS TO PURCHASE AND REHABILITATE HOMES.
ASSET MANAGEMENT: PRESERVING PROPERTIES OWNED AND MANAGED BY NHS AND IMPROVING THE QUALITY OF LIFE OF THEIR RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Morgan Hoffman Board President | OfficerTrustee | 1 | $0 |
Rabiou Manzo Board Vice President | OfficerTrustee | 1 | $0 |
Brad Lish Board Treasurer | OfficerTrustee | 1 | $0 |
Heidi Rahn Board Secretary | OfficerTrustee | 1 | $0 |
Chris Stroh Board Member | OfficerTrustee | 1 | $0 |
Rachel Anderson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,943,272 |
| Investment income | $1,920 |
| 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 | $2,945,192 |
| 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 | $83,305 |
| Pension plan accruals and contributions | $920 |
| Other employee benefits | $0 |
| Payroll taxes | $2,714 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $69,180 |
| Fees for services: Accounting | $20,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $880 |
| Advertising and promotion | $10,404 |
| Office expenses | $5,177 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,019 |
| Travel | $874 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $313,702 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $253,350 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,759,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,344,177 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $78,711 |
| 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 | $25,369 |
| Net Land, buildings, and equipment | $8,594,417 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $378,707 |
| Total assets | $11,421,381 |
| Accounts payable and accrued expenses | $633,670 |
| Grants payable | $0 |
| Deferred revenue | $71,079 |
| 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 | $9,062,047 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,766,796 |
| Net assets without donor restrictions | $1,564,570 |
| Net assets with donor restrictions | $90,015 |
| 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 | $11,421,381 |