Neighborhood Housing Services Of The Inland Empire Inc

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 12/2023, Neighborhood Housing Services Of The Inland Empire 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 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 12/2023, Neighborhood Housing Services Of The Inland Empire Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. While expenses have increased by 3.4% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

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 INSTITUTION (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)Compensation
Jon Macdonald
President
$0
Yazmin B Hamilton
Vice President
$0
Robert DE Acevedo
Treasurer
$0
Charlene Dixon
Secretary
$0
Rheanna Rodriguez
Board Member
$0
Rhonesia Perry
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $757,855
All other contributions, gifts, grants, and similar amounts not included above$1,173,152
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,931,007
Total Program Service Revenue$60,101
Investment income $48,828
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 $2,039,936

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