Neighborhood Housing Services Of The Lehigh Valley Inc
- Assets
- $699.1k
- Revenue
- $33.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Reading, PA
- Founding
- 06/1981
- Data as of
- 12/2023
- EIN
- 23-2162606
Organization Overview
Neighborhood Housing Services Of The Lehigh Valley Inc is located in Reading, PA. The organization was established in 1981. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood Housing Services Of The Lehigh Valley 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 Lehigh Valley Inc generated $33.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (24.5%) each year. All expenses for the organization totaled $6.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (38.7%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILITATE AND PROVIDE AFFORDABLE HOUSING PROGRAMS AND INITIATIVES FOR ALL PEOPLE
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDABLE HOUSING AND HOME OWNERSHIP PROGRAM: NHS OF THE LEHIGH VALLEY DISTRIBUTES PROGRAM INFORMATION AND ADMINISTERS THE HOME OWNERSHIP OUTREACH PROGRAM (HOOP) IN THE CITY OF ALLENTOWN, CITY OF BETHLEHEM, CITY OF EASTON, AND LEHIGH AND NORTHAMPTON COUNTY. THE STAFF QUALIFIES APPLICANTS FOR THIS HOMEBUYER MORTGAGE PROGRAM. NHS OF THE LEHIGH VALLEY FACILITATES AND ORIGINATES SOFT SECOND MORTGAGES OR GRANTS TO ASSIST WITH DOWN PAYMENT AND CLOSING COSTS FOR FIRST TIME HOMEBUYERS THAT FALL WITHIN THE APPROVED LOW-TO-MODERATE HUD INCOME GUIDELINES. 2023 PROGRAM ACCOMPLISHMENTS: OUR TOTAL NHSLV LOAN PORTFOLIO REMAINED STRONG RELATIVE TO THE NATIONAL ECONOMY DESPITE THE LARGE NUMBERS OF PAST DUE LOANS. 4 LOANS WERE PAST DUE AS OF DECEMBER 31ST OUT OF A TOTAL PORTFOLIO OF 86 LOANS.
FINANCIAL COUNSELING AND EDUCATION SERVICES: NHS OF THE LEHIGH VALLEY PROVIDES FINANCIAL COUNSELING AND/OR REFERRALS FOR CONSUMERS WITH BUDGET, CREDIT, OR HOME OWNERSHIP NEEDS. INFORMATION IS PROVIDED ON THE VARIETY OF LOAN PROGRAMS AVAILABLE THROUGH LOCAL MUNICIPALITIES AND OTHER AGENCIES. CREDIT COUNSELING IS OFFERED TO ALL RESIDENTS WITHIN THE LEHIGH VALLEY. OTHER EDUCATIONAL NEEDS ARE REFERRED TO APPROPRIATE SOCIAL SERVICE AGENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marisol Torres President | OfficerTrustee | 5 | $0 |
Erika Hoffman Vice President | OfficerTrustee | 1 | $0 |
Beth Bowers Esquire Secretary | OfficerTrustee | 5 | $0 |
Turie Sotzin Treasurer | OfficerTrustee | 5 | $0 |
Glenn Key At Large Member | OfficerTrustee | 5 | $0 |
Erica Wennell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $21,808 |
| 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 | $32,966 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,591 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $545 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $1,307 |
| Total functional expenses | $6,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,261 |
| Savings and temporary cash investments | $0 |
| 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 | $515,102 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $101,780 |
| Total assets | $699,143 |
| Accounts payable and accrued expenses | $4,112 |
| Grants payable | $0 |
| Deferred revenue | $11,904 |
| 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 | $323,159 |
| Total liabilities | $339,175 |
| Net assets without donor restrictions | -$37,290 |
| Net assets with donor restrictions | $397,258 |
| 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 | $699,143 |