Neighborhood Housing Services Of Orange County Inc
- Assets
- $39.3m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 17
- Location
- Orange, CA
- Founding
- 07/1980
- Data as of
- 06/2021
- EIN
- 95-3130152
Organization Overview
Neighborhood Housing Services Of Orange County Inc is located in Orange, CA. The organization was established in 1980. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Neighborhood Housing Services Of Orange County Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood Housing Services Of Orange County 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 06/2021, Neighborhood Housing Services Of Orange County Inc generated $4.9m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $3.3m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
NEIGHBORWORKS ORANGE COUNTY EMPOWERS PEOPLE AND COMMUNITIES TO BUILD WEALTH THROUGH HOMEOWNERSHIP, FINANCIAL EDUCATION AND ACCESS TO AFFORDABLE HOMES.
Describe the Organization's Program Activity:
AFFORDABLE HOUSING MANAGEMENT PROGRAM:NWOCS AFFORDABLE HOUSING PROGRAM PROVIDES HOUSING TO LOW-INCOME FAMILIES IN ORANGE COUNTY, CA.NWOCS AFFORDABLE HOUSING WHOLLY OWNED PORTFOLIO CONSISTS OF 4 MULTI-FAMILY PROPERTIES TOTALING 35 UNITS. THESE UNITS ARE PRIMARILY LOCATED IN THE CITIES OF LA HABRA AND FULLERTON. NWOC EMPLOYS A THIRD PARTY PROPERTY MANAGEMENT COMPANY TO PERFORM PROPERTY MANAGEMENT DUTIES. THE GOAL OF THE PROGRAM IS TO PROVIDE AFFORDABLE HOUSING TO HOUSEHOLDS WHOSE INCOME FALLS WITHIN CLASSIFICATIONS SET FORTH BY STATE AND/OR FEDERAL GUIDELINES, AS WELL AS INVESTOR REQUIREMENTS.
DOWN PAYMENT ASSISTANCE AND LENDING:OUR LENDING DEPARTMENT OFFERS A VARIETY OF SUSTAINABLE LENDING PRODUCTS AVAILABLE FOR CUSTOMERS TO TAKE ADVANTAGE OF. AS A BROKER OF FIRST MORTGAGES WE ARE ABLE TO PROVIDE CUSTOMERS WITH SUSTAINABLE FIXED RATE MORTGAGES. TO HELP CUSTOMERS ACHIEVE AFFORDABILITY WE ALSO ARE ABLE TO COMBINE THE FIRST MORTGAGES WITH DIFFERENT TYPES OF DOWN PAYMENT ASSISTANCE PRODUCTS THAT COME FROM EITHER OUR OWN CAPITAL OR CAPITAL FROM A DIFFERENT LENDING INSTITUTION.
EDUCATION AND COUNSELING:OUR ORGANIZATION PROVIDES WORKSHOPS IN THE AREAS OF PURCHASING A HOME, AND FINANCIAL CAPABILITY, TO ASSIST THOSE WHO ARE INTERESTED IN ACHIEVING HOMEOWNERSHIP. IN ADDITION TO PROVIDING WORKSHOPS, OUR ORGANIZATION ALSO PROVIDES INDIVIDUAL DEVELOPMENT SESSIONS WHERE CUSTOMERS CAN WORK WITH STAFF TO DESIGN AN INDIVIDUALIZED ACTION PLAN THAT OUTLINES THE STEPS THEY NEED TO TAKE TO REACH THEIR GOAL OF HOMEOWNERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helen O'sullivan President/ceo | OfficerTrustee | 40 | $166,826 |
Amita Mehta SVP Fin & Admin | Officer | 40 | $124,686 |
Uyen Bui VP Hom Cer Mger | Officer | 40 | $64,134 |
Warren Harris Board Chair | OfficerTrustee | 0 | $0 |
Andy Lamb Treasurer | OfficerTrustee | 0 | $0 |
Cesar Plascencia Secretary | OfficerTrustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
4 Diamond Contractor Construction- Rehab Work For Single Fami | 6/29/16 | $173,777 |
Tool Time Construction Construction- Rehab Work | 6/29/16 | $106,455 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,604,026 |
| All other contributions, gifts, grants, and similar amounts not included above | $105,662 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,709,688 |
| Total Program Service Revenue | $2,415,896 |
| Investment income | $275,348 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $485,946 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,886,878 |
| 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. | $400,747 |
| Compensation of current officers, directors, key employees. | $95,437 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $830,185 |
| Pension plan accruals and contributions | $29,488 |
| Other employee benefits | $53,748 |
| Payroll taxes | $79,863 |
| Fees for services: Management | $125,850 |
| Fees for services: Legal | $10,127 |
| Fees for services: Accounting | $51,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $109,096 |
| Advertising and promotion | $52,933 |
| Office expenses | $49,480 |
| Information technology | $70,277 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,638 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $209 |
| Interest | $373,521 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $384,367 |
| Insurance | $73,950 |
| All other expenses | $83,618 |
| Total functional expenses | $3,344,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,963,191 |
| 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 | $13,435,244 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $165,994 |
| Net Land, buildings, and equipment | $11,355,059 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,367,238 |
| Total assets | $39,286,726 |
| Accounts payable and accrued expenses | $139,495 |
| 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 | $10,706,691 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,880,875 |
| Total liabilities | $16,727,061 |
| Net assets without donor restrictions | $13,264,436 |
| Net assets with donor restrictions | $9,295,229 |
| 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 | $39,286,726 |
Grants Awarded
Over the last fiscal year, Neighborhood Housing Services Of Orange County Inc has awarded $70,286 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Santa Ana, CA PURPOSE: EDUCATION & COUNSELING | $30,286 |
Washington, DC PURPOSE: COMMUNITY BUILDING | $20,000 |
Westminster, CA PURPOSE: COMMUNITY BUILDING | $10,000 |
Santa Ana, CA PURPOSE: COMMUNITY BUILDING | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Neighborhood Housing Services Of Orange County Inc has recieved totaling $417,005.
| Awarding Organization | Amount |
|---|---|
Consumer Credit Counseling Service Of San Francisco Concord, CA PURPOSE: HOUSING COUNSELING & EDUCATION | $354,000 |
Luther Burbank Corporation Foundation Santa Rosa, CA PURPOSE: Homebuyer assistance | $50,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $8,000 |
Zions Bancorporation Foundation Salt Lake City, UT PURPOSE: PROVIDE HOMEOWNERSHIP EDUCATION AND COUNSELING SERVICES | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Francisco Travel Association San Francisco, CA | $17,687,275 | $15,738,684 |
Citadel Economic Development Corporation San Bernardino, CA | $7,215,242 | $16,438,545 |
Greater Phoenix Convention & Visitors Bureau Phoenix, AZ | $19,191,750 | $16,242,591 |
Long Beach Area Convention And Visitors Bureau Inc Long Beach, CA | $4,784,571 | $9,189,036 |
San Luis Obispo Visitors & Conference Bureau Incorporated San Luis Obispo, CA | $7,302,521 | $9,818,447 |
Smcu Community Fund Redwood City, CA | $1,513,371 | $6,964,137 |
Maui Economic Development Board Inc Medb Kihei, HI | $10,649,362 | $7,742,311 |
Greater Phoenix Economic Council Phoenix, AZ | $6,926,984 | $7,545,492 |
Santa Monica Travel & Tourism Santa Monica, CA | $2,868,308 | $7,126,411 |
Providence Foundation Of San Francisco San Francisco, CA | $2,572,916 | $7,012,697 |
La Cocina Inc San Francisco, CA | $10,601,250 | $8,307,558 |
Cplc Nevada Inc Phoenix, AZ | $8,204,824 | $6,300,794 |