Neighborhood Housing Services Of The Inland Empire Inc
- Assets
- $6.3m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 18
- Location
- San Bernardino, CA
- Founding
- 02/1985
- Data as of
- 12/2021
- EIN
- 95-3571587
Organization Overview
Neighborhood Housing Services Of The Inland Empire Inc is located in San Bernardino, CA. The organization was established in 1985. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Neighborhood Housing Services Of The Inland Empire Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood Housing Services Of The Inland Empire 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 12/2021, Neighborhood Housing Services Of The Inland Empire Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF NEIGHBORHOOD HOUSING SERVICES OF THE INLAND EMPIRE, INC. IS TO CREATE HOMEOWNERSHIP OPPORTUNITIES; BRIDGE THE HOUSING AFFORDABILITY GAP; AND BUILD SUSTAINABLE COMMUNITIES OF CHOICE, ONE PERSON, ONE HOME, AND ONE NEIGHBORHOOD AT A TIME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDED DOWN PAYMENT ASSISTANCE LOANS AND MANAGED AN ACTIVE REVOLVING LOAN FUND THAT PROVIDES BORROWERS WITH LOW OR NO INTEREST LOANS FOR HOME PURCHASE, HOME REHABILITATION, OR HOME REFINANCE IN THE INLAND EMPIRE. NHSIE MAINTAINS A MIX OF AMORTIZING AND DEFERRED LOANS WITH TERMS BETWEEN 5 AND 30 YEARS AND ARE SECURED BY DEEDS OF TRUST ON THE UNDERLYING PROPERTIES.
NHSIE ATTAINED STATUS AS A COMMUNITY DEVELOPMENT FINANCIAL (CDFI) IN 2014. NHSIE AND NUS PROVIDED HOMEBUYER EDUCATION TO FAMILIES AND HELPED CREATE SEVERAL FIRST TIME HOMEBUYERS.
NHSIE AND NU CONTINUED TO EXPAND LENDING, REALTY AND COMMUNITY ENGAGEMENT EFFORTS RESULTING IN THE ACQUISITION AND REHABILITATION OF BLIGHTED, FORECLOSED, VACANT PROPERTIES AND PROVIDING MORTGAGE ASSISTANCE SO THAT THE HOMES ARE WITHIN REACH OF ENTRY LEVEL HOMEBUYERS. NHSIE AND NUS PROGRAMS ARE ACTIVITIES OF THE ORGANIZATION'S NEIGHBORWORKS HOME OWNERSHIP CENTER (HOC), WHICH PROVIDES ACCESS TO AFFORDABLE QUALITY HOMES TO FAMILIES THAT MAY NOT OTHERWISE HAVE HAD THE OPPORTUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Felicia Brown Executive Director | Officer | 40 | $165,179 |
Charlene Dixon Secretary | Trustee | 1 | $0 |
Robert DE Acevedo Treasurer | Trustee | 1 | $0 |
Estella MD Wells Board Member | Trustee | 1 | $0 |
Rheanna Rodriguez Board Member | Trustee | 1 | $0 |
Jon Macdonald President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,067,161 |
| All other contributions, gifts, grants, and similar amounts not included above | $659,384 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,726,545 |
| Total Program Service Revenue | $109,437 |
| Investment income | $109,689 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,530 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,968,201 |
| 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. | $165,179 |
| Compensation of current officers, directors, key employees. | $24,777 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $417,998 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $66,989 |
| Payroll taxes | $53,638 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,162 |
| Fees for services: Accounting | $85,420 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,276 |
| Advertising and promotion | $1,393 |
| Office expenses | $63,502 |
| Information technology | $27,025 |
| Royalties | $0 |
| Occupancy | $86,308 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,339 |
| Insurance | $20,485 |
| All other expenses | $12,237 |
| Total functional expenses | $1,177,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,124,705 |
| Savings and temporary cash investments | $2,525,355 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $123,270 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,243,509 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $35,430 |
| Net Land, buildings, and equipment | $26,955 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $208,941 |
| Total assets | $6,288,165 |
| Accounts payable and accrued expenses | $63,182 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $149,003 |
| Total liabilities | $212,185 |
| Net assets without donor restrictions | $2,791,437 |
| Net assets with donor restrictions | $3,284,543 |
| 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 | $6,288,165 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Neighborhood Housing Services Of The Inland Empire Inc has recieved totaling $534,752.
| Awarding Organization | Amount |
|---|---|
Consumer Credit Counseling Service Of San Francisco Concord, CA PURPOSE: HOUSING COUNSELING & EDUCATION | $350,249 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $139,503 |
Mufg Union Bank Foundation Ag Phoenix, AZ PURPOSE: CHARITABLE | $45,000 |
Endowment Analysis
| Beg. Balance | $3,284,543 |
| Net Contributions | $240,000 |
| Other Expense | $50,000 |
| Ending Balance | $3,474,543 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trellis Phoenix, AZ | $14,366,435 | $6,000,326 |
Stovall Development Corporation Los Angeles, CA | $15,224,162 | $3,956,852 |
Heat Oregon Portland, OR | $2,927,868 | $1,655,425 |
Neighborhood Housing Services Of The Inland Empire Inc San Bernardino, CA | $6,288,165 | $1,968,201 |
Shared Housing And Resource Exchange California Santa Rosa, CA | $388,408 | $771,294 |
Affordable Housing Clearinghouse Lake Forest, CA | $1,947,604 | $540,630 |
Hhoc Mortgage Honolulu, HI | $2,943,127 | $542,379 |
Special Assistance Fund For Energy Safe Reno, NV | $382,283 | $307,507 |
Five Rivers Loan Fund Inc Happy Camp, CA | $1,465,568 | $158,853 |
Oregon Training Institute Salem, OR | $35,093 | $157,071 |
Greenline Housing Foundation Pasadena, CA | $87,704 | $0 |
Fortify Families Beaverton, OR | $629 | $0 |