Neighborhood Nonprofit Housing Corporation
- Assets
- $31.5m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 29
- Location
- Logan, UT
- Founding
- 12/1996
- Data as of
- 06/2024
- EIN
- 87-0559307
Organization Overview
Neighborhood Nonprofit Housing Corporation is located in Logan, UT. The organization was established in 1996. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2024, Neighborhood Nonprofit Housing Corporation employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood Nonprofit Housing Corporation 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 06/2024, Neighborhood Nonprofit Housing Corporation generated $8.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $6.5m during the year ending 06/2024. While expenses have increased by 9.8% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
CREATE QUALITY AFFORDABLE HOUSING OPPORTUNITIES, ENHANCE COMMUNITIES AND PROVIDE HOUSEHOLDS WITH SKILLS TO BECOME SELF-SUFFICIENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT OF LAND AND NEIGHBORHOODS FOR USE IN AFFORDABLE HOUSING PROJECTS.
PROVIDE ADMINISTRATIVE SERVICES FOR THE OPERATION OF THE THE MUTUAL SELF-HELP PROGRAM IN THE CACHE COUNTY AND NORTHERN UTAH AREA. THE MUTUAL SELF-HELP PROGRAM PROVIDES OPPORTUNITIES FOR LOW INCOME INDIVIDUALS TO OWN A HOME AND PARTICIPATE IN BUILDING THE HOME.
CREATE QUALITY AFFORDABLE HOUSING OPPORTUNITIES, ENHANCE COMMUNITIES, AND PROVIDE HOUSEHOLDS WITH SKILLS TO BECOME SELF-SUFFICIENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josh Runhaar Executive Dir. | Officer | 40 | $172,427 |
Christopher S Harrild Employee | 40 | $132,658 | |
David Frandsen Employee | 40 | $110,339 | |
Jeddie K Al-Lmari Employee | 40 | $104,393 | |
Justin Card Controller | 40 | $106,666 | |
Brent V Godfrey Employee | 40 | $100,040 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cover Up Construction Construction | 6/29/24 | $256,087 |
Rupp Trucking Construction | 6/29/24 | $2,914,190 |
Defy Co Labs Real Estate Developer | 6/29/24 | $175,569 |
Ridgeview Roofing Roof Installation/repair | 6/29/24 | $231,650 |
Triple J Concrete Paving, Concrete Repair | 6/29/24 | $110,687 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,878,792 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,638 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,894,430 |
| Total Program Service Revenue | $5,351,671 |
| Investment income | $12,957 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $459,341 |
| 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 | $8,803,399 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $830,226 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $247,864 |
| Compensation of current officers, directors, key employees. | $3,419 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,388,464 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $890,532 |
| 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 | $0 |
| Fees for services: Other | $34,933 |
| Advertising and promotion | $16,789 |
| Office expenses | $169,313 |
| Information technology | $46,107 |
| Royalties | $0 |
| Occupancy | $125,191 |
| Travel | $40,446 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $186,037 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $378,285 |
| Insurance | $55,854 |
| All other expenses | $0 |
| Total functional expenses | $6,477,953 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,677,237 |
| Savings and temporary cash investments | $2,283,234 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,129,057 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $176,051 |
| Inventories for sale or use | $17,648,406 |
| Prepaid expenses and deferred charges | $21,881 |
| Net Land, buildings, and equipment | $6,407,359 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,190,452 |
| Total assets | $31,533,677 |
| Accounts payable and accrued expenses | $877,581 |
| Grants payable | $0 |
| Deferred revenue | $8,350 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,135,799 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $2,749,599 |
| Other liabilities | $54,653 |
| Total liabilities | $4,825,982 |
| Net assets without donor restrictions | $25,473,294 |
| Net assets with donor restrictions | $1,234,401 |
| 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 | $31,533,677 |