Nhs Lending Inc
- Assets
- $6.1m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Boise, ID
- Founding
- 05/2003
- Data as of
- 12/2021
- EIN
- 82-0532242
Organization Overview
Nhs Lending Inc, operating under the name Neighborworks Boise - Lending, is located in Boise, ID. The organization was established in 2003. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborworks Boise - Lending 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, Neighborworks Boise - Lending generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.9% each year . All expenses for the organization totaled $471.0k during the year ending 12/2021. While expenses have increased by 3.4% 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
2021
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: PROVIDING ASSISTANCE TO FAMILIES IN TARGETED NEIGHBORHOODS.
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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 |
Chris Stroh Past President | OfficerTrustee | 1 | $0 |
Heidi Rahn Board Secretary | OfficerTrustee | 1 | $0 |
Bud Compher Jr CEO | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,003,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $197,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,200,500 |
| Total Program Service Revenue | $343,406 |
| Investment income | $820 |
| 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 | $1,544,726 |
| 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 | $172,851 |
| Pension plan accruals and contributions | $5,073 |
| Other employee benefits | $192 |
| Payroll taxes | $16,274 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,194 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,261 |
| Advertising and promotion | $12,222 |
| Office expenses | $18,098 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $22,670 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,476 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $470,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,451,659 |
| Savings and temporary cash investments | $192,425 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $538,325 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,869,636 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,052,045 |
| Accounts payable and accrued expenses | $236,609 |
| Grants payable | $0 |
| Deferred revenue | $5,681 |
| 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 | $434,627 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $676,917 |
| Net assets without donor restrictions | $4,361,715 |
| Net assets with donor restrictions | $1,013,413 |
| 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 | $6,052,045 |
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| Organization Name | Assets | Revenue |
|---|---|---|
Snap Financial Access Spokane, WA | $12,956,127 | $5,481,674 |
Housing Resources Bainbridge Bainbridge Island, WA | $8,136,820 | $1,791,113 |
Energy Share Of Montana Inc Helena, MT | $11,833,025 | $2,862,761 |
Heat Oregon Portland, OR | $2,927,868 | $1,655,425 |
Whatcom-Skagit Housing Bellingham, WA | $4,587,356 | $717,109 |
Nhs Lending Inc Boise, ID | $6,052,045 | $1,544,726 |
Special Assistance Fund For Energy Safe Reno, NV | $382,283 | $307,507 |
Oregon Training Institute Salem, OR | $35,093 | $157,071 |
Fortify Families Beaverton, OR | $629 | $0 |
Northwood Community Inc Ronan, MT | $1,179,554 | $141,974 |
Helping Hands Team Milton, WA | $556,939 | $106,880 |
Helena Housing Development Corporation Helena, MT | $850,759 | $112,619 |