Neighborhood Reinvestment Corp
- Assets
- $145.5m
- Revenue
- $178.8m
- Investments
- $2.5m
- Employees
- 325
- Location
- Washington, DC
- Founding
- 03/1980
- Data as of
- 09/2021
- EIN
- 52-1148078
Organization Overview
Neighborhood Reinvestment Corp, operating under the name Neighborworks America, is located in Washington, DC. The organization was established in 1980. 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 09/2021, Neighborworks America employed 325 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborworks America 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 09/2021, Neighborworks America generated $178.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $187.4m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Neighborworks America has awarded 2,886 individual grants totaling $706,996,721. 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
CREATE OPPORTUNITIES FOR PEOPLE TO LIVE IN AFFORDABLE HOMES, IMPROVE THEIR LIVES AND COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAPACITY BUILDING: CAPACITY BUILDING REFERS TO THE PRACTICAL ASSISTANCE THE CORPORATION PROVIDES TO STRENGTHEN THE PERFORMANCE OF NEIGHBORWORKS ORGANIZATIONS TO RESPOND MOST EFFECTIVELY AND EFFICIENTLY TO THE NEEDS OF THEIR COMMUNITIES. THE CORPORATION EXPANDS THE CAPACITY OF NETWORK MEMBERS BY PROVIDING ONSITE TECHNICAL ASSISTANCE AND LIMITED FUNDING.
PRESERVING AFFORDABLE HOUSING: ORGANIZATIONS CONSTRUCT NEW HOUSING, REPAIR AND RENOVATE EXISTING HOUSING, PROMOTE HOMEOWNERSHIP, AND FURTHER MIXED-INCOME AFFORDABLE HOUSING OPPORTUNITIES. THE CORPORATION ALSO SUPPORTS THE ORGANIZATIONS' HAZARD ABATEMENT, ENERGY CONSERVATION, POSTPURCHASE COUNSELING, AND FORECLOSURE PREVENTION ACTIVITIES. EQUITY CAPITAL, IN THE FORM OF HIGHLY FLEXIBLE CORPORATION GRANTS TO LOCAL ORGANIZATIONS' REVOLVING LOAN FUNDS, IS ALSO VITALLY IMPORTANT. REVOLVING LOAN FUNDS ARE USED TO SUPPORT HOME REPAIRS, DOWN-PAYMENT AND CLOSING-COST ASSISTANCE, ENERGY CONSERVATION REPAIRS, COMMERCIAL AND SMALL BUSINESS LOANS, PREDEVELOPMENT COSTS, ACQUISITION OF PROBLEM PROPERTIES, AND A HOST OF OTHER INITIATIVES.
TRAINING AND INFORMING: THROUGH COMMUNICATION, PUBLISHING, RESEARCH AND TRAINING FUNCTIONS, THE CORPORATION COLLECTS AND DISSEMINATES PERTINENT AND USEFUL INFORMATION FOR THE NEIGHBORWORKS NETWORK AND THE BROADER COMMUNITY DEVELOPMENT FIELD. THE CORPORATION IMPARTS THIS DATA AND INFORMATION THROUGH A VARIETY OF VEHICLES, AND TRAINS AND INFORMS THE NETWORK AND REPRESENTATIVES OF THE BROADER INDUSTRY THROUGH NATIONAL AND REGIONAL TRAINING EVENTS, PUBLICATIONS, ON-LINE (AT WWW.NW.ORG), AND OTHER VENUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marietta E Rodriguez President & CEO | Officer | 40 | $217,883 |
Rebecca R Bond Evp & Chief Financial Officer | Officer | 40 | $209,528 |
Susan M Ifill Executive VP & COO | Officer | 40 | $204,669 |
Rutledge A Simmons Evp & General Counsel/sec | Officer | 40 | $200,553 |
Tasha M Harris Vp, Program Operations | 40 | $184,041 | |
Joan M Straussman Rvp, Northeast Region | 40 | $182,922 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hillstock Associates Consulting | 9/29/21 | $250,375 |
Community Lending Solutions Consulting | 9/29/21 | $163,448 |
Andrews Watason Llc Software Development | 9/29/21 | $205,461 |
Terrapin Systems Llc Design Services | 9/29/21 | $161,820 |
Coresphere Llc Consulting | 9/29/21 | $275,256 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $168,681,183 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,596,148 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $176,277,331 |
| Total Program Service Revenue | $2,496,796 |
| Investment income | $9,282 |
| 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 | $178,835,450 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $114,701,837 |
| 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. | $2,177,822 |
| Compensation of current officers, directors, key employees. | $2,177,822 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,850,204 |
| Pension plan accruals and contributions | $3,395,703 |
| Other employee benefits | $6,067,045 |
| Payroll taxes | $2,507,254 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $157,122 |
| Fees for services: Accounting | $75,603 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,870,018 |
| Advertising and promotion | $0 |
| Office expenses | $8,415,080 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,733,276 |
| Travel | $5,025 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $456,644 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $950,964 |
| Insurance | $0 |
| All other expenses | $14,000 |
| Total functional expenses | $187,377,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $132,315,811 |
| Pledges and grants receivable | $5,761,236 |
| Accounts receivable, net | $248,699 |
| 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 | $2,145,199 |
| Net Land, buildings, and equipment | $2,237,199 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,503,156 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $301,527 |
| Total assets | $145,512,827 |
| Accounts payable and accrued expenses | $20,408,325 |
| Grants payable | $72,500 |
| Deferred revenue | $113,960,810 |
| 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 | $2,425,897 |
| Total liabilities | $136,867,532 |
| Net assets without donor restrictions | $44,295 |
| Net assets with donor restrictions | $8,601,000 |
| 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 | $145,512,827 |
Grants Awarded
Over the last fiscal year, Neighborhood Reinvestment Corp has awarded $108,173,721 in support to 290 organizations.
| Grant Recipient | Amount |
|---|---|
Silver Spring, MD PURPOSE: GENERAL SUPPORT | $2,500,000 |
Decatur, GA PURPOSE: GENERAL SUPPORT | $2,500,000 |
San Diego, CA PURPOSE: GENERAL SUPPORT | $807,176 |
Berea, KY PURPOSE: GENERAL SUPPORT | $803,000 |
Jackson, MS PURPOSE: GENERAL SUPPORT | $777,500 |
Quincy, MA PURPOSE: GENERAL SUPPORT | $746,000 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Neighborhood Reinvestment Corp has recieved totaling $5,997,506.
| Awarding Organization | Amount |
|---|---|
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF FINANCIAL HEALTH | $3,000,000 |
Truist Foundation Inc Orlando, FL PURPOSE: GENERAL OPERATING | $1,000,000 |
Robert Wood Johnson Foundation Princeton, NJ PURPOSE: 78470 IMPLEMENTING A DEVELOPMENTAL EVALUATION AND | $554,735 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $450,000 |
Kresge Foundation Troy, MI PURPOSE: THIS PROJECT GRANT WILL SUPPORT NEIGHBORWORKS AMERICAS CREATIVE PLACEMAKING PROGRAMS AND EVALUATION TOOLS TO DEEPEN THE PRACTICE WITHIN ITS NETWORK AND THE BROADER ARTS AND COMMUNITY DEVELOPMENT SECTORS. | $250,000 |
Robert Wood Johnson Foundation Princeton, NJ PURPOSE: 78470 IMPLEMENTING A DEVELOPMENTAL EVALUATION AND | $245,265 |
Endowment Analysis
| Beg. Balance | $2,624,000 |
| Earnings | $3,000 |
| Ending Balance | $2,627,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
America Votes Washington, DC | $28,063,706 | $245,490,888 |
Neighborhood Reinvestment Corp Washington, DC | $145,512,827 | $178,835,450 |
Enterprise Community Partners Inc Columbia, MD | $826,795,686 | $143,661,999 |
4mycity Inc Taneytown, MD | $269,763 | $70,588,044 |
Columbia Association Inc Columbia, MD | $168,635,825 | $73,239,829 |
Latino Economic Development Corporation Of Washington Dc Washington, DC | $21,296,549 | $55,386,095 |
Kennedy Krieger Education And Community Services Inc Baltimore, MD | $14,340,565 | $48,121,720 |
Mosaic Community Services Inc Timonium, MD | $34,184,592 | $47,201,258 |
Community Of Hope Inc Washington, DC | $67,233,523 | $40,561,982 |
Hampton Roads Community Action Program Inc Newport News, VA | $4,977,691 | $24,100,051 |
Garrett County Maryland Community Action Committee Inc Oakland, MD | $23,823,939 | $14,024,119 |
Strong City Baltimore Baltimore, MD | $3,607,626 | $14,803,870 |