Neighborhood Preservation Inc
- Assets
- $5.2m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 16
- Location
- Memphis, TN
- Founding
- 01/2012
- Data as of
- 12/2021
- EIN
- 27-5374482
Organization Overview
Neighborhood Preservation Inc is located in Memphis, TN. The organization was established in 2012. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Neighborhood Preservation Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood Preservation 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 12/2021, Neighborhood Preservation Inc generated $6.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.1% each year . All expenses for the organization totaled $10.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Neighborhood Preservation Inc has awarded 16 individual grants totaling $2,256,992. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE REMOVE SYSTEMIC BARRIERS TO COMMUNITY REVITALIZATION USING POLICY AND INNOVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS - DIRECT INVESTMENT IN RESOLVING/REPAIRING INTRACTABLE PROBLEM PROPERTIES BY SUPPORTING NPI'S NONPROFIT NEIGHBORHOOD TRANSFORMATION PROJECT PARTNERS.
PROJECT SPECIALISTS - NPI ENGAGES A HIGHLY QUALIFIED TEAM OF CONSULTANTS TO LEAD EFFORTS IN COMMUNITY ORGANIZING, COLLABORATIVE MEETING LOGISTICS AND COORDINATION, MARKETING AND COMMUNICATIONS, GOVERNMENT AFFAIRS, AND REAL ESTATE PLANNING AND DEVELOPMENT.
OPERATIONAL PROGRAMMING COSTS, ACCOUNTING, TRAINING, SUPPORT STAFF AND CONSULTANTS ARE RELIED UPON FOR CORE OUTREACH AND FOR DEVELOPING AND PURSUING OPERATIONAL PRIORITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Barlow President | Officer | 32 | $173,461 |
Lisa Klesges Treasurer | OfficerTrustee | 1 | $0 |
Kenya Hooks Secretary | OfficerTrustee | 1 | $0 |
Paul Morris Chair | OfficerTrustee | 4 | $0 |
Kevin Crutcher Director | Trustee | 1 | $0 |
George Cates Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
World Relief Memphis Inc | 12/30/21 | $116,337 |
Memphis Area Legal Services Inc | 12/30/21 | $109,665 |
Lrk Inc | 12/30/21 | $1,686,746 |
The Law Office Of Webb Brewer Plc | 12/30/21 | $165,805 |
Grinder Taber | 12/30/21 | $896,060 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $975,202 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,195,160 |
| Noncash contributions included in lines 1a–1f | $17,900 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,170,362 |
| Total Program Service Revenue | $74,935 |
| Investment income | $175,479 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,406 |
| 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 | $6,441,182 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,602,393 |
| 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. | $183,554 |
| Compensation of current officers, directors, key employees. | $88,106 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $779,469 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $68,490 |
| Fees for services: Accounting | $57,556 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,522,257 |
| Advertising and promotion | $7,584 |
| Office expenses | $97,522 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,218 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,957 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,709 |
| All other expenses | $0 |
| Total functional expenses | $10,735,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,732,687 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $350,674 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,131,377 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $30,159 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $981,674 |
| Total assets | $5,226,571 |
| Accounts payable and accrued expenses | $1,002,970 |
| Grants payable | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $631,673 |
| Total liabilities | $1,634,643 |
| Net assets without donor restrictions | $2,460,685 |
| Net assets with donor restrictions | $1,131,243 |
| 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 | $5,226,571 |
Grants Awarded
Over the last fiscal year, Neighborhood Preservation Inc has awarded $676,551 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Memphis, TN PURPOSE: ASSIST WITH PRE-DEVELOPMENT EXPENSES OF AFFORDABLE HOUSING DEVELOPMENT. | $540,616 |
Memphis, TN PURPOSE: SUPPORT REDEVELOPMENT OF AFFORDABLE HOUSING RENTAL UNITS AS PART OF THE FRAYSER NEIGHBORHOOD INITIATIVE. | $135,935 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Neighborhood Preservation Inc has recieved totaling $4,670,533.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $4,176,533 |
Urban Renaissance Partners Inc Memphis, TN PURPOSE: GRANT FOR LOT MAINTENANCE FUND AND PURCHASE OF LAND | $213,900 |
Kresge Foundation Troy, MI PURPOSE: MEMPHIS RIGHT TO COUNSEL PILOT | $200,000 |
National Low Income Housing Coalition And Low Income Housing Washington, DC PURPOSE: $80K ERASE | $80,000 |
Belz Foundation Memphis, TN PURPOSE: COMMUNITY | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Three Rivers Planning & Development District Pontotoc, MS | $48,398,868 | $43,682,575 |
Christian Community Development Corporation Inc Memphis, TN | $275,024,548 | $28,566,509 |
Csra Economic Opportunity Authority Inc Augusta, GA | $4,657,645 | $27,091,304 |
Crawford Sebastian Community Development Council Inc Fort Smith, AR | $10,081,488 | $25,336,007 |
Neighborhood Improvement Project Inc Augusta, GA | $12,770,161 | $24,738,698 |
Hope Enterprise Corporation Jackson, MS | $150,349,143 | $24,959,106 |
Action Pact Inc Waycross, GA | $10,194,672 | $25,026,911 |
Delta Area Economic Opportunity Corporation Portageville, MO | $22,832,856 | $23,706,654 |
Upper East Tennessee Human Development Agency Kingsport, TN | $7,143,102 | $23,146,809 |
Pennyrile Allied Community Services Inc Hopkinsville, KY | $9,618,726 | $22,758,893 |
Hampton Roads Community Action Program Inc Newport News, VA | $4,977,691 | $24,100,051 |
Northwest Tennessee Economic Development Council Dresden, TN | $2,980,191 | $21,895,121 |