Neighborhood Housing Services Of Chicago Inc
- Assets
- $8.4m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 82
- Location
- Chicago, IL
- Founding
- 03/1975
- Data as of
- 03/2022
- EIN
- 23-7443009
Organization Overview
Neighborhood Housing Services Of Chicago Inc is located in Chicago, IL. The organization was established in 1975. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 03/2022, Neighborhood Housing Services Of Chicago Inc employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood Housing Services Of Chicago 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 03/2022, Neighborhood Housing Services Of Chicago Inc generated $4.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $5.4m during the year ending 03/2022. While expenses have increased by 0.9% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
NHS IS A HOUSING AND COMMUNITY DEVELOPMENT ORGANIZATION THAT TRANSFORMS NEIGHBORHOODS THROUGH COMMUNITY BUILDING, COUNSELING, EDUCATION, POLICY, AND - IN PARTNERSHIP WITH ITS RELATED ENTITIES - REAL ESTATE DEVELOPMENT AND LENDING. NHS' WORK IS ROOTED IN AND INFORMED BY THE NEEDS OF ITS TARGETED LOW- AND MODERATE-INCOME COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEIGHBORHOOD HOUSING SERVICES OF CHICAGO, INC. (NHS) OFFERS ITS PRODUCTS AND SERVICES CITYWIDE IN CHICAGO, WITH NEIGHBORHOOD-BASED OFFICES IN AUBURN GRESHAM AND ENGLEWOOD; CHICAGO LAWN AND GAGE PARK; NORTH LAWNDALE; ROSELAND; AND WEST HUMBOLDT PARK. NHS ALSO OPERATES THREE PLACE-BASED PARTNERSHIPS FOCUSED ON SPECIAL PROGRAMS. APPROXIMATELY 80 PERCENT OF NHS' CLIENTS ARE LOW- TO MODERATE-INCOME. NHS SERVED OVER 4,900 HOUSEHOLDS. NHS' COUNSELING AND EDUCATION SERVICES PROVIDED CLASSROOM EDUCATION TO OVER 1,500 POTENTIAL HOMEBUYERS AND IN PERSON PRE-PURCHASE COUNSELING TO OVER 1,100 POTENTIAL HOMEBUYERS. THESE PROGRAMS WERE OFFERED TO POTENTIAL HOMEBUYERS THROUGH NHS FREE 8-HOUR HOMEBUYER CURRICULUM (OFFERED BOTH IN ENGLISH AND SPANISH WEEKLY) AND ONLINE VIA EHOME AMERICA; PROVIDING INDIVIDUAL COUNSELING AND INTERVENTION SERVICES OVER 969 HOMEOWNERS AT RISK OF FORECLOSURE. NHS' EXECUTIVE MANAGEMENT TEAM AND THE INNOVATION, EVALUATION AND PUBLIC POLICY DEPARTMENT WORKS ACROSS NHS' BUSINESS LINES TO CRAFT NEW SOLUTIONS TO THE EVER-CHANGING ISSUES FACING UNDERINVESTED NEIGHBORHOODS AND LOW AND MODERATE INCOME COMMUNITIES IN THE CHICAGO REGION. NHS PARTNERS AND STAFF ARE PIONEERING EFFORTS TO RESPOND TO NEIGHBORHOOD AND REGIONAL ISSUES AND TO ANTICIPATE FUTURE NEEDS FOR NHS' TARGET NEIGHBORHOODS AND CUSTOMERS. NHS CONVERTS THE KNOWLEDGE AND EXPERIENCE GAINED THROUGH ITS DAILY WORK IN THE NEIGHBORHOODS TO NEW PROGRAMS AND PUBLIC POLICY INITIATIVES THAT CAN DIRECTLY BENEFIT THOSE COMMUNITIES AND THE CHICAGO REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Simpkins Chief Executive Officer | Officer | 20 | $204,715 |
Donna Clarke Chief Operating Officer | Officer | 20 | $154,108 |
Dwayne Shipp Director Of Finance | Officer | 20 | $107,834 |
Robin Coffey Chief Credit Officer | Officer | 5 | $104,603 |
Deborah Moore Business Unit Director | Officer | 35 | $104,015 |
Linda Greene Business Unit Director | Officer | 5 | $80,410 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Iq Technologies It Services | 3/30/22 | $452,833 |
Plante & Moran Pllc Audit And Tax Services | 3/30/22 | $145,175 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $380,711 |
| Related organizations | $0 |
| Government grants | $1,096,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,449,523 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,926,234 |
| Total Program Service Revenue | $1,677,098 |
| Investment income | $619 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,584 |
| Net Income from Fundraising Events | -$52,042 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,608,937 |
| 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. | $708,287 |
| Compensation of current officers, directors, key employees. | $344,392 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,431,525 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $362,523 |
| Payroll taxes | $206,385 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $467,110 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $268,200 |
| Office expenses | $0 |
| Information technology | $584,550 |
| Royalties | $0 |
| Occupancy | $588,312 |
| 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 | $21,993 |
| Insurance | $164,989 |
| All other expenses | $332,946 |
| Total functional expenses | $5,397,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $839,466 |
| Savings and temporary cash investments | $57,833 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $428,423 |
| 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 | $142,174 |
| Net Land, buildings, and equipment | $84,946 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,886,246 |
| Total assets | $8,439,088 |
| Accounts payable and accrued expenses | $661,302 |
| Grants payable | $0 |
| Deferred revenue | $1,153,980 |
| 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 | $750,000 |
| Other liabilities | $7,731,624 |
| Total liabilities | $10,296,906 |
| Net assets without donor restrictions | -$1,857,818 |
| Net assets with donor restrictions | $0 |
| 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 | $8,439,088 |
Grants Recieved
Over the last fiscal year, we have identified 24 grants that Neighborhood Housing Services Of Chicago Inc has recieved totaling $2,586,903.
| Awarding Organization | Amount |
|---|---|
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF NEIGHBORHOOD REVITALIZATION | $600,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF NEIGHBORHOOD REVITALIZATION | $400,000 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $303,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $200,493 |
The Housing Partnership Network Inc Boston, MA PURPOSE: HOUSING STABILIZATION (FORECLOSURE & EVICTION) | $178,585 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF NEIGHBORHOOD REVITALIZATION | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North East Community Action Corporation Bowling Green, MO | $19,489,309 | $16,722,475 |
Affordable Housing Development Fund Inc Rockford, IL | $87,465,066 | $18,557,415 |
Chicago Low Income Housing Trust Fund Chicago, IL | $68,435,328 | $24,410,244 |
Interfaith Housing Development Corporation Of Chicago Chicago, IL | $13,790,371 | $15,355,980 |
European American Association Chicago, IL | $18,209,689 | $14,984,488 |
Milwaukee Habitat For Humanity Milwaukee, WI | $24,987,795 | $20,382,762 |
Hispanic Housing Development Corp Chicago, IL | $88,735,655 | $15,154,061 |
Habitat For Humanity International Inc Des Moines, IA | $24,118,438 | $12,529,342 |
Residential Options Inc Alton, IL | $11,785,898 | $11,284,358 |
Habitat For Humanity International Inc Indianapolis, IN | $27,221,776 | $14,208,425 |
Oak Park Residence Corp Oak Park, IL | $43,726,959 | $10,429,189 |
Affordable Housing Partners Inc Carmel, IN | $150,650,716 | $9,214,618 |