Good Neighbor Initiative Inc
- Assets
- $1.1m
- Revenue
- $265.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Philadelphia, PA
- Founding
- 08/2017
- Data as of
- 12/2021
- EIN
- 82-2309214
Organization Overview
Good Neighbor Initiative Inc is located in Philadelphia, PA. The organization was established in 2017. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Good Neighbor Initiative Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Good Neighbor Initiative 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, Good Neighbor Initiative Inc generated $265.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (59.0%) each year. All expenses for the organization totaled $684.5k 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
COMMUNITY DEVELOPMENT ACTIVITIES FOR MODERATE TO LOW INCOME RESIDENTS. DEVELOPING AND CREATING HOUSING OPPORTUNITIES AND EDUCATING LOW INCOME COMMUNITIES ON BUILDING WEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HAS DEVELOPED VAROIUS HOUSING UNITS FOR SALE TO LOW INCOME BUYERS IN LOW IN COMMUNITIES. ALSO THE ORGANIZATON HELD HOME OWNERSHIP AND HOUSING FINANCING SEMINARS IN TARGETED COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Wonlah Member | Officer | 20 | $0 |
Joel Thompson Treasurer | Trustee | 0 | $0 |
Christopher Banks Member | Trustee | 0 | $0 |
Ramy Eldakkak Member | 0 | $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 | $250,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $250,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $15,132 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $265,132 |
| 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 | $65,048 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,976 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,603 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,112 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,653 |
| Travel | $4,591 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,134 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,224 |
| All other expenses | $2,397 |
| Total functional expenses | $684,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $331,385 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $478,088 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $327,384 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,136,857 |
| Accounts payable and accrued expenses | $4,294 |
| 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 | $0 |
| Total liabilities | $4,294 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $1,132,563 |
| Total liabilities and net assets/fund balances | $1,136,857 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Good Neighbor Initiative Inc has recieved totaling $3,000,000.
| Awarding Organization | Amount |
|---|---|
Good Family Support Services Inc Philadelphia, PA | | $1,500,000 |
Good Family Support Services Inc Philadelphia, PA | | $1,500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American National Standards Institute New York, NY | $61,521,698 | $89,284,423 |
Regulatory Affairs Professionals Society Rockville, MD | $9,226,443 | $11,018,465 |
Rfs Charitable Foundation Toledo, OH | $7,273,922 | $11,225,614 |
Buffalo Civic Auto Ramps Inc Buffalo, NY | $1,499,927 | $7,888,664 |
The Lebron James Family Foundation Akron, OH | $17,485,828 | $12,709,442 |
Pocono Services For Families And Children Inc East Stroudsburg, PA | $5,666,674 | $5,697,584 |
Tate Monroe Water Assn Inc New Richmond, OH | $29,411,991 | $5,084,515 |
Data & Society Research Institute New York, NY | $10,624,558 | $3,287,575 |
Commercial Vehicle Safety Alliance Greenbelt, MD | $5,175,740 | $5,464,465 |
Living Classrooms Foundation Baltimore, MD | $10,378,836 | $6,289,035 |
Bend The Arc Jewish Action Inc New York, NY | $2,917,123 | $4,796,081 |
Greater Syracuse Property Development Corporation Syracuse, NY | $6,042,694 | $3,813,121 |