Near Northwest Neighborhood Inc
- Assets
- $3.3m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 5
- Location
- South Bend, IN
- Founding
- 05/1979
- Data as of
- 12/2023
- EIN
- 23-7414729
Organization Overview
Near Northwest Neighborhood Inc is located in South Bend, IN. The organization was established in 1979. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Near Northwest Neighborhood Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Near Northwest Neighborhood 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, Near Northwest Neighborhood Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $793.7k during the year ending 12/2023. While expenses have increased by 1.3% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE PHYSICAL, SOCIAL AND ECONOMIC ENVIRONMENT OF THE NEAR NORTH-WEST SECTION OF THE CITY OF SOUTH BEND, INDIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REVITALIZATION-REHABILITATION OF HOUSING IN THE NEIGHBORHOOD THROUGH PURCHASE & RENOVATION ASSISTANCE TO PRIVATE INDIVIDUALS IN NEED OFTHESE SERVICES.
THE LOCAL CUP, LLC WAS FORMED AS A WHOLLY-OWNED SUBSIDIARY OF NNN TO ADVANCE THE PURPOSES OF NNN TO STRENGTHEN NEIGHBORLY RELATIONS IN THE NEAR NORTHWEST NEIGHBORHOOD OF SOUTH BEND, INDIANA. THE LOCAL CUP IS A DONATION BASED VOLUNTEER MANAGED COFFEE SHOP.
RENTAL ASSISTANCE TO INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brittney Jennings Board Member | Trustee | 1 | $0 |
Cindy Kirkham Board Member | Trustee | 1 | $0 |
Michael Hebbeler Board Member | Trustee | 1 | $0 |
Rebekah Go Board Member | Trustee | 1 | $0 |
Michael Mcgee Board Member | Trustee | 1 | $0 |
Kristy Campbell Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mantle Construction Llc Construction Service | 12/30/21 | $185,505 |
Provision Construction Construction Service | 12/30/21 | $381,651 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,407,363 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,501 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,507,864 |
| Total Program Service Revenue | $89,344 |
| Investment income | $4,195 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$109,241 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,493,665 |
| 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. | $69,811 |
| Compensation of current officers, directors, key employees. | $12,566 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $179,128 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,991 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,156 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,154 |
| Advertising and promotion | $1,300 |
| Office expenses | $21,726 |
| Information technology | $5,691 |
| Royalties | $0 |
| Occupancy | $54,920 |
| Travel | $9,204 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $28,137 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,457 |
| Insurance | $20,293 |
| All other expenses | $19,875 |
| Total functional expenses | $793,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $173,347 |
| Pledges and grants receivable | $38,984 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,149 |
| Net Land, buildings, and equipment | $2,626,214 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $484,861 |
| Total assets | $3,333,555 |
| Accounts payable and accrued expenses | $43,745 |
| Grants payable | $15,782 |
| 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 | $864,028 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $923,555 |
| Net assets without donor restrictions | $2,377,225 |
| Net assets with donor restrictions | $32,775 |
| 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 | $3,333,555 |