Neighborhood Housing Partnership Of Greater Springfield Inc
- Assets
- $4.2m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 9
- Location
- Springfield, OH
- Founding
- 04/1994
- Data as of
- 12/2023
- EIN
- 31-1385444
Organization Overview
Neighborhood Housing Partnership Of Greater Springfield Inc is located in Springfield, OH. The organization was established in 1994. 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 12/2023, Neighborhood Housing Partnership Of Greater Springfield Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood Housing Partnership Of Greater Springfield 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 Partnership Of Greater Springfield Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 4.3% 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 CREATE AND PRESERVE AFFORDABLE, QUALITY HOUSING AND STRONG NEIGHBORHOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LENDING: HOME REPAIR LOANS AND DOWN PAYMENT ASSISTANCE: NHP SERVED 28 CLIENTS UNDER THE HOME REPAIR PROGRAM IN 2023 (26 GRANTS; 2 LOANS). WE PROVIDED 1 USDA PACKAGING, ASSISTED 41 ADDITIONAL HOUSEHOLDS UTILIZING LENDER DOWN PAYMENT FUNDS, AND FACILITATED 59 HOME PURCHASES FOR FIRST-TIME HOMEBUYERS.
FORECLOSURE COUNSELING: COUNSELING AND FORECLOSURE PREVENTION NHP ASSISTED A TOTAL OF 9 HOUSEHOLDS IN 2023, 2 CASES CLOSED BY YEAR-END AND COUNTED AS FORECLOSURE SAVES.
EDUCATION & COUNSELING: HOMEBUYER EDUCATION PROGRAM: 56 INDIVIDUALS COMPLETED OUR HOMEBUYER EDUCATION COURSE IN 2023, 83 RECEIVED INDIVIDUAL CREDIT COUNSELING, AND 88 RECEIVED "STREAMLINED" HOMEBUYER COUNSELING UNDER OHFA/HOEPA GUIDELINES. 164 ATTENDED FINANCIAL LITERACY WORKSHOPS THROUGH OUR PARTNERSHIPS WITH CLARK COUNTY DEPARTMENT OF JOB AND FAMILY SERVICES, UNITED SENIOR SERVICES AND VARIOUS HOUSES OF WORSHIP.
REAL ESTATE DEVELOPMENT: IN 2023, NHP STARTED CONTRUCTION ON A 60-UNIT SENIOR AFFORDABLE APARTMENT COMPLEX. ALL APARTMENTS WILL BE COMPLETELY HANDICAP ACCESSIBLE. 32 UNITS WERE COMPLETED IN 2023 AND THE REMAINING WILL BE COMPLETED IN 2024. NHP ALSO COMPLETED 3 AFFORDABLE HOMES FOR LOW TO MODERATE INCOME HOUSEHOLDS. 1 WAS SOLD IN 2023 AND THE REMAINING 2 WILL BE SOLD IN 2024.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa Hartley President | OfficerTrustee | 1 | $0 |
Jackie Folck-Lender Vice-President | OfficerTrustee | 1 | $0 |
Robin L Short Treasurer/secretary | OfficerTrustee | 1 | $0 |
Lori Herron Board Member | Trustee | 1 | $0 |
Jon Upshaw Board Member | Trustee | 1 | $0 |
Donyale Hill Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $711,253 |
| All other contributions, gifts, grants, and similar amounts not included above | $66,669 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $777,922 |
| Total Program Service Revenue | $318,390 |
| Investment income | $17,958 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$91,134 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,028,183 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $239,349 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $218,969 |
| Compensation of current officers, directors, key employees. | $35,201 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $266,743 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $96,849 |
| Payroll taxes | $32,524 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $870 |
| Fees for services: Accounting | $17,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,724 |
| Advertising and promotion | $22,357 |
| Office expenses | $12,098 |
| Information technology | $6,074 |
| Royalties | $0 |
| Occupancy | $41,978 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,007 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,451 |
| Insurance | $18,373 |
| All other expenses | $0 |
| Total functional expenses | $1,085,377 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,229 |
| Savings and temporary cash investments | $222,406 |
| Pledges and grants receivable | $96,329 |
| Accounts receivable, net | $6,548 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,458,255 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,876 |
| Net Land, buildings, and equipment | $1,611,164 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $705,715 |
| Total assets | $4,159,522 |
| Accounts payable and accrued expenses | $158,486 |
| Grants payable | $0 |
| Deferred revenue | $486 |
| 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 | $2,165,735 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,256 |
| Total liabilities | $2,344,963 |
| Net assets without donor restrictions | $1,744,332 |
| Net assets with donor restrictions | $70,227 |
| 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 | $4,159,522 |