Fairbanks Neighborhood Housing Services Inc
- Assets
- $8.0m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Fairbanks, AK
- Founding
- 04/1993
- Data as of
- 06/2024
- EIN
- 92-0138519
Organization Overview
Fairbanks Neighborhood Housing Services Inc is located in Fairbanks, AK. The organization was established in 1993. 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, Fairbanks Neighborhood Housing Services Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairbanks Neighborhood Housing Services 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 06/2024, Fairbanks Neighborhood Housing Services Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $1.1m during the year ending 06/2024. While expenses have increased by 11.8% 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
REVITALIZE TARGETED NEIGHBORHOODS AND ASSIST LOW-INCOME RESIDENTS TO IMPROVE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LOANS TO LOW-INCOME BORROWERS TO ASSIST IN HOME OWNERSHIP.
PROVIDE AND MANAGE RENTAL PROPERTIES TO PROVIDE HOUSING FOR LOW AND VERY-LOW INCOME FAMILIES.
PROPERTY DEVELOPMENT TO INCREASE HOME OWNERSHIP TO TARGET FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renee Piszczek President | OfficerTrustee | 2 | $0 |
Tonya Garnett Secretary | OfficerTrustee | 1 | $0 |
Matthew Hampton Vice President | OfficerTrustee | 1 | $0 |
John Ringstad Treasurer | OfficerTrustee | 2 | $0 |
Kendrick Blais Board Member | Trustee | 1 | $0 |
David Pruhs Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $298,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $105,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $403,000 |
| Total Program Service Revenue | $806,953 |
| Investment income | $7,098 |
| 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 | $1,221,552 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $60,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $131,155 |
| Compensation of current officers, directors, key employees. | $32,789 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $130,549 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,928 |
| Payroll taxes | $24,385 |
| 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 | $21,189 |
| Advertising and promotion | $0 |
| Office expenses | $21,038 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,488 |
| Travel | $21,544 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $91,245 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,654 |
| Insurance | $44,490 |
| All other expenses | $23,930 |
| Total functional expenses | $1,088,652 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $349,985 |
| Savings and temporary cash investments | $952,416 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,416 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,533,529 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $30,205 |
| Net Land, buildings, and equipment | $3,047,340 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,956,891 |
| Accounts payable and accrued expenses | $76,717 |
| 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 | $4,185,401 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $53,432 |
| Total liabilities | $4,315,550 |
| Net assets without donor restrictions | $2,840,829 |
| Net assets with donor restrictions | $800,512 |
| 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 | $7,956,891 |