Aberdeen Neighborhood Housing Services
- Assets
- $8.5m
- Revenue
- $934.2k
- Investments
- $0.0
- Employees
- 8
- Location
- Aberdeen, WA
- Founding
- 01/1982
- Data as of
- 06/2024
- EIN
- 91-1160504
Organization Overview
Aberdeen Neighborhood Housing Services, operating under the name NeighborWorks of Grays Harbor County, is located in Aberdeen, WA. The organization was established in 1982. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 06/2024, NeighborWorks of Grays Harbor County employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. NeighborWorks of Grays Harbor County 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, NeighborWorks of Grays Harbor County generated $934.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $806.2k during the year ending 06/2024. While expenses have increased by 0.2% 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
THE MISSION OF NEIGHBORWORKS OF GRAYS HARBOR COUNTY IS TO DEVELOP PARTNERSHIPS IN THE COMMUNITY BETWEEN BUSINESS, GOVERNMENT AND RESIDENTS TO CREATE SAFE AND AFFORDABLE HOUSING OPPORTUNITIES FOR ALL RESIDENTS OF GRAYS HARBOR COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR HOUSING REHABILITATION AND HOMEOWNERSHIP OPPORTUNITIES, NEIGHBORWORKS MAINTAINS REVOLVING LOAN FUNDS AS WELL AS LENDING PARTNERSHIPS WHICH, TOGETHER, MAKE A FLEXIBLE LOAN PROGRAM. LOW, MODERATE AND MIDDLE INCOME (LMMI) APPLICANTS WITHIN GRAYS HARBOR COUNTY ARE ABLE TO BORROW MONEY THROUGH THE MULTIPLE REVOLVING LOAN FUNDS IN THE LOAN PROGRAM FOR PURCHASE AND/OR REHABILITATING THEIR HOMES, WHILE MAINTAINING AFFORDABLE HOUSING COSTS AND MANAGEABLE DEBT RATIOS. NEIGHBORWORKS MADE $723,468 IN LOANS THIS FISCAL YEAR.WITH OUR HOUSING COUNSELING PROGRAM, NEIGHBORWORKS IS CAPABLE OF HELPING CLIENTS WITH DIFFICULT CREDIT HISTORIES AND HIGH DEBT RATIOS BY USING AN INTENSIVE INDIVIDUALIZED APPROACH. THIS YEAR NEIGHBORWORKS ASSISTED 26 HOUSEHOLDS WITH PRE-PURCHASE COUNSELING AND PRE-QUALIFICATION ANALYSIS AS WELL AS ASSISTING CLIENTS WITH POST-PURCHASE REPAIRS AND BUDGET/MONEY MANAGEMENT COUNSELING. NEIGHBORWORKS IS DEDICATED TO PROMOTING HOMEBUYER EDUCATION THROUGH EHOME AMERICA. THIS ONLINE EDUCATION MEETS NATIONAL INDUSTRY STANDARDS FOR HOMEOWNERSHIP EDUCATION AND IS OFFERED STATEWIDE THROUGH COLLABORATION WITH COMMUNITY FRAMEWORKS AND HOMESIGHT.PROVIDING SAFE, SANITARY AND AFFORDABLE RENTAL HOUSING OPPORTUNITIES, NEIGHBORWORKS OWNS AND MANAGES 33 RENTAL HOUSES AND DUPLEXES, OF WHICH 16 UNITS ARE SECTION 8 PROJECT-BASED SUBSIDIZED UNITS. TWO (2) UNITS ARE LEASED TO ANOTHER NONPROFIT AGENCY WHO USES IT AS A SHELTER FOR HOMELESS OR TRANSITIONAL FAMILIES WITH CHILDREN; AND 15 UNITS ARE RENTED AT MARKET RATE WITH SECTION 8 VOUCHERS ACCEPTED. ADDITIONALLY, NEIGHBORWORKS ACTS AS MANAGEMENT AGENT FOR A HUD 811 PROJECT WHICH PROVIDES HOMES TO EIGHT (8) DEVELOPMENTALLY DISABLED TENANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Mccallum Secretary | OfficerTrustee | 0 | $0 |
Bill Sidor President | OfficerTrustee | 0 | $0 |
Terri Degner Treasurer | OfficerTrustee | 0 | $0 |
Michael Sand Bod | Trustee | 0 | $0 |
Lisa Scott Bod | Trustee | 0 | $0 |
Dustin Bruland Bod | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $207,765 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,050 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $236,815 |
| Total Program Service Revenue | $696,132 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $934,180 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,972 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $173,035 |
| Compensation of current officers, directors, key employees. | $16,052 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $198,812 |
| Pension plan accruals and contributions | $7,504 |
| Other employee benefits | $36,973 |
| Payroll taxes | $28,858 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,690 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,853 |
| Advertising and promotion | $0 |
| Office expenses | $7,595 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $228,120 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,738 |
| Interest | $15,749 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $66,551 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $806,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $185,612 |
| Savings and temporary cash investments | $2,634,569 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,415 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,740,796 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $71,890 |
| Net Land, buildings, and equipment | $702,402 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $100,799 |
| Total assets | $8,451,483 |
| Accounts payable and accrued expenses | $34,749 |
| 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 | $120,323 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $370,981 |
| Total liabilities | $526,053 |
| Net assets without donor restrictions | $7,925,430 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $8,451,483 |