Neighborhood Reinvestment Corp

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.

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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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Coresphere Llc
Consulting
$275,256
Hillstock Associates
Consulting
$250,375
Community Lending Solutions
Consulting
$163,448
Andrews Watason Llc
Software Development
$205,461
Terrapin Systems Llc
Design Services
$161,820
View All Vendors

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

Grants Awarded

Over the last fiscal year, Neighborhood Reinvestment Corp has awarded $108,173,721 in support to 290 organizations.

Grant RecipientAmount

NEIGHBORWORKS CAPITAL CORPORATION

Org PageRecipient Profile

Silver Spring, MD

PURPOSE: GENERAL SUPPORT

$2,500,000

COMMUNITY HOUSING CAPITAL INC

Org PageRecipient Profile

Decatur, GA

PURPOSE: GENERAL SUPPORT

$2,500,000

COMMUNITY HOUSINGWORKS

Org PageRecipient Profile

San Diego, CA

PURPOSE: GENERAL SUPPORT

$807,176

Berea, KY

PURPOSE: GENERAL SUPPORT

$803,000

HOPE ENTERPRISE CORPORATION

Org PageRecipient Profile

Jackson, MS

PURPOSE: GENERAL SUPPORT

$777,500

NEIGHBORWORKS HOUSING SOLUTIONS

Org PageRecipient Profile

Quincy, MA

PURPOSE: GENERAL SUPPORT

$746,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 12 grants that Neighborhood Reinvestment Corp has recieved totaling $5,997,506.

Awarding OrganizationAmount
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
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,624,000
Earnings$3,000
Ending Balance$2,627,000

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