Neighborhood Nonprofit Housing Corporation
- Assets
- $21.2m
- Revenue
- $11.3m
- Investments
- $0.0
- Employees
- 26
- Location
- Logan, UT
- Founding
- 12/1996
- Data as of
- 06/2022
- 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 06/2022, Neighborhood Nonprofit Housing Corporation employed 26 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 06/2022, Neighborhood Nonprofit Housing Corporation generated $11.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.9% each year . All expenses for the organization totaled $4.8m during the year ending 06/2022. While expenses have increased by 8.1% 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
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 MUTUAL SELF-HELP PROGRAM IN THE CACHE COUNTY AND NORTHERN UTAH AREA, THE MUTUAL SELF-HELP PROGRAM PROVIDES OPPORTUNITIES FOR LOW INCOME INDIVIDUALTS TO OWN A HOME AND PARTICIPATE IN BUILDING THE HOME.
CREATE QUALITY AFFORDABLE HOUSING OPPORTINITIES, ENHANCE COMMUNITITES, 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 Director | OfficerTrustee | 40 | $127,817 |
Jeff Gilbert Chair | OfficerTrustee | 1 | $0 |
Jake Netzley Vice Chair | OfficerTrustee | 1 | $0 |
Cheryl Atwood Secretary Treasurer | OfficerTrustee | 1 | $0 |
Braden Merrill Trustee | Trustee | 1 | $0 |
Bruce Rigby Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cover Up Construction Construction | 6/29/22 | $246,556 |
Crs Engineers Engineer Services | 6/29/22 | $109,993 |
Rupp Trucking Construction | 6/29/22 | $2,635,234 |
Royal Wholesale Electric Electrical Contrac | 6/29/22 | $107,120 |
Sunpro Corporation Construction Contr | 6/29/22 | $192,945 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,017,351 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,293,151 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,310,502 |
| Total Program Service Revenue | $4,836,850 |
| Investment income | $245 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $198,218 |
| 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 | $11,345,815 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $616,723 |
| 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 | $1,397,001 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $415,429 |
| Fees for services: Management | $11,141 |
| Fees for services: Legal | $169,637 |
| 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 | $170,121 |
| Advertising and promotion | $12,963 |
| Office expenses | $18,431 |
| Information technology | $42,232 |
| Royalties | $0 |
| Occupancy | $21,139 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,583 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $165,683 |
| Insurance | $38,667 |
| All other expenses | $10,060 |
| Total functional expenses | $4,814,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,958,432 |
| Savings and temporary cash investments | $2,703,840 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $798,442 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $49,957 |
| Inventories for sale or use | $8,235,150 |
| Prepaid expenses and deferred charges | $30,074 |
| Net Land, buildings, and equipment | $5,162,729 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,280,173 |
| Total assets | $21,218,797 |
| Accounts payable and accrued expenses | $156,356 |
| Grants payable | $0 |
| Deferred revenue | $21,950 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $987,732 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $620,971 |
| Other liabilities | $52,833 |
| Total liabilities | $1,839,842 |
| Net assets without donor restrictions | $16,663,389 |
| Net assets with donor restrictions | $2,715,566 |
| 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 | $21,218,797 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Neighborhood Nonprofit Housing Corporation has recieved totaling $56,640.
| Awarding Organization | Amount |
|---|---|
Rural Community Assistance West Sacramento, CA PURPOSE: Housing Counseling | $32,632 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $24,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $8 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brothers Redevelopment Inc Edgewater, CO | $28,566,111 | $21,890,998 |
South Of Market Mercy Housing Denver, CO | $1,397,293 | $161,294 |
Northwest Real Estate Capital Corporation Boise, ID | $42,438,639 | $10,028,848 |
Western Region Nonprofit Housing Corporation Salt Lake City, UT | $76,676,954 | $12,236,656 |
Habitat For Humanity Tucson Inc Tucson, AZ | $32,170,830 | $10,758,994 |
Habitat For Humanity International Inc Glenwood Springs, CO | $10,815,473 | $6,555,105 |
Utah Nonprofit Housing Corporation Salt Lake City, UT | $66,026,062 | $36,661,110 |
Mercy Housing South East Denver, CO | $32,176,710 | $9,687,514 |
Save The Family Foundation Of Arizona Mesa, AZ | $6,981,907 | $8,677,083 |
Pikes Peak Habitat For Humanity Inc Colorado Springs, CO | $13,774,284 | $6,271,945 |
Habitat For Humanity International Inc Fort Collins, CO | $6,791,081 | $6,218,115 |
Mercy Housing Calwest Denver, CO | -$18,791,913 | $14,657,764 |