United Neighborhoods Inc
- Assets
- $905.5k
- Revenue
- $339.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Hammond, IN
- Founding
- 03/1998
- Data as of
- 12/2023
- EIN
- 35-2026707
Organization Overview
United Neighborhoods Inc is located in Hammond, IN. The organization was established in 1998. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Neighborhoods 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, United Neighborhoods Inc generated $339.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $246.4k during the year ending 12/2023. 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
DEDICATED IN PURCHASING SINGLE-FAMILY HOMES FOR CONSTRUCTION OR REHABILITATION, WITHIN THE CITY OF HAMMOND, AND LATER SELLS THE HOMES TO LOW TO MODERATE-INCOME INDIVIDUALS AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PURCHASE SINGLE FAMILY PROPERTIES AND VACANT LAND FOR THE CONSTRUCTION AND REHABILITATION OF HOMES SOLD TO LOW AND MODERATE INCOME FAMILIES WITHIN THE CITY OF HAMMOND, IN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lavetta Sparks-Wade Executive Directors | 40 | $72,133 | |
Andria Lewis Executive Director | Officer | 40 | $4,233 |
Janice Polka Board Member | Trustee | 2 | $0 |
Kellie Taillon Board Member | Trustee | 2 | $0 |
Vandelia Walker Board Member | Trustee | 2 | $0 |
Juan J Moreno Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amg Construction & Remodeling Rehab | 12/30/22 | $189,625 |
Langley Construction Inc Rehab | 12/30/22 | $119,794 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $331,198 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $337,198 |
| Total Program Service Revenue | $0 |
| Investment income | $19 |
| 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 | $339,442 |
| 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. | $76,366 |
| Compensation of current officers, directors, key employees. | $76,366 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,038 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,311 |
| Payroll taxes | $7,298 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,814 |
| Advertising and promotion | $1,248 |
| Office expenses | $1,080 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,665 |
| Interest | $7 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,846 |
| Insurance | $26,783 |
| All other expenses | $4,727 |
| Total functional expenses | $246,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $394,623 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $54,525 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,771 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $454,539 |
| Total assets | $905,458 |
| Accounts payable and accrued expenses | $6,240 |
| 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 | $5,197 |
| Total liabilities | $11,437 |
| Net assets without donor restrictions | $82,634 |
| Net assets with donor restrictions | $811,387 |
| 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 | $905,458 |