Housing And Neighborhood Development Service
- Assets
- $14.1m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 46
- Location
- Erie, PA
- Founding
- 02/1969
- Data as of
- 06/2021
- EIN
- 25-1209938
Organization Overview
Housing And Neighborhood Development Service is located in Erie, PA. The organization was established in 1969. 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 06/2021, Housing And Neighborhood Development Service employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing And Neighborhood Development Service 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 06/2021, Housing And Neighborhood Development Service generated $2.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $2.9m during the year ending 06/2021. While expenses have increased by 5.5% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HOUSING AND NEIGHBORHOOD DEVELOPMENT SERVICE (HANDS) MAKES STRONGER AND MORE VIBRANT NEIGHBORHOODS IN PARTNERSHIP WITH THE COMMUNITIES IT SERVES THROUGH THE DEVELOPMENT AND MANAGEMENT OF AFFORDABLE HOUSING.
Describe the Organization's Program Activity:
HANDS IS THE LARGEST NON-PROFIT PROVIDER OF HIGH QUALITY AFFORDABLE HOUSING IN NORTHWESTERN PENNSYLVANIA AND CURRENTLY OVERSEES 1,092 APARTMENT HOMES IN OVER 43 HOUSING COMMUNITIES IN 5 COUNTIES. FOR OVER 50 YEARS, HANDS HAS SUCCESSFULLY DEVELOPED MORE THAN 1,033 UNITS OF AFFORDABLE RENTAL HOUSING IN 9 COUNTIES ACROSS PENNSYLVANIA. HANDS MULTIFAMILY DEVELOPMENTS ARE AMONG THE BEST DESIGNED AND CONSTRUCTED RENTAL COMMUNITIES IN PENNSYLVANIA. IN ADDITION, HANDS DEVELOPS AND BUILDS SINGLE FAMILY HOMES FOR MODERATE TO LOW INCOME FAMILIES WHO ARE OFTEN FIRST TIME HOME BUYERS. HANDS ALSO PROVIDES SUPPORT SERVICES TO OUR RESIDENT FAMILIES TO ENRICH THEIR EXPERIENCE AND ENSURE A SUCCESSFUL LONG TERM LIVING ARRANGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Good President/ceo | Officer | 60 | $91,505 |
Sharon Richardson Vice Chair | OfficerTrustee | 2 | $0 |
William Steger Chair | OfficerTrustee | 2 | $0 |
Sherry Bauer Treasurer | OfficerTrustee | 2 | $0 |
Sister Marianne Stuckert Secretary | OfficerTrustee | 2 | $0 |
Cindy Stone Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Building Systems Inc General Contractor | 9/29/15 | $645,887 |
Port Harbor Homes General Contractor | 9/29/15 | $269,484 |
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 | $431,816 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $431,816 |
| Total Program Service Revenue | $790,469 |
| Investment income | $116,024 |
| 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 | $2,837,679 |
| 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. | $103,116 |
| Compensation of current officers, directors, key employees. | $88,487 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,528,683 |
| Pension plan accruals and contributions | $70,484 |
| Other employee benefits | $134,547 |
| Payroll taxes | $146,120 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,520 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,584 |
| Fees for services: Other | $48,426 |
| Advertising and promotion | $13,029 |
| Office expenses | $181,914 |
| Information technology | $41,479 |
| Royalties | $0 |
| Occupancy | $109,978 |
| Travel | $27,151 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,307 |
| Interest | $59,258 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $199,007 |
| Insurance | $37,863 |
| All other expenses | $72 |
| Total functional expenses | $2,904,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $202,230 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,698,343 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,050,894 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,271 |
| Net Land, buildings, and equipment | $3,995,515 |
| Investments—publicly traded securities | $2,457,670 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $633,902 |
| Total assets | $14,050,825 |
| Accounts payable and accrued expenses | $653,987 |
| Grants payable | $0 |
| Deferred revenue | $5,876 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $13,721 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,013,905 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,943 |
| Total liabilities | $7,702,432 |
| Net assets without donor restrictions | $6,329,111 |
| Net assets with donor restrictions | $19,282 |
| 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 | $14,050,825 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Housing And Neighborhood Development Service has recieved totaling $22,636.
| Awarding Organization | Amount |
|---|---|
Erie Community Foundation Erie, PA PURPOSE: VARIOUS PROJECTS | $22,636 |
Endowment Analysis
| Beg. Balance | $426,717 |
| Earnings | $120,667 |
| Admin Expense | $7,036 |
| Net Contributions | $10,000 |
| Grants | $33,346 |
| Ending Balance | $517,002 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Frontline Community Services Inc Beltsville, MD | $6,957,560 | $20,985,182 |
Shared Support South Inc Warrington, PA | $9,549,705 | $20,704,692 |
Viecare Butler Llc Cranberry Township, PA | $15,820,808 | $20,591,438 |
Valley View Haven Inc Belleville, PA | $35,512,325 | $21,268,828 |
Montgomery Housing Partnership Inc Silver Spring, MD | $117,127,971 | $17,924,784 |
The Arc Morris County Chapter Nj Inc Morris Plains, NJ | $23,360,035 | $22,219,596 |
Pathways To Housing Pa Philadelphia, PA | $7,362,789 | $17,371,070 |
Reach Riverside Development Corporation Wilmington, DE | $31,775,413 | $42,220,664 |
Jewish Federation Housing Development Fund Company Buffalo, NY | $0 | $1,951,149 |
Enterprise Community Loan Fund Inc Columbia, MD | $332,804,742 | $25,996,753 |
Habitat For Humanity International Inc Cincinnati, OH | $19,861,311 | $21,403,808 |
Alfa Development Inc Newfoundland, NJ | $12,469,438 | $16,200,874 |