Neighborgood Partners Inc
- Assets
- $35.7m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 42
- Location
- Dover, DE
- Founding
- 02/1958
- Data as of
- 09/2021
- EIN
- 52-6054476
Organization Overview
Neighborgood Partners Inc is located in Dover, DE. The organization was established in 1958. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 09/2021, Neighborgood Partners Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborgood Partners 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 09/2021, Neighborgood Partners Inc generated $7.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $6.0m during the year ending 09/2021. While expenses have increased by 9.9% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN COMMUNITIES THROUGH HOUSING, LENDING AND EDUCATION FOR LOW TO MODERATE INCOME HOUSEHOLDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOAN FUND: NCALL IS CERTIFIED BY THE TREASURY DEPARTMENT AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) AND AS SUCH HAS A LOAN FUND WHICH LENDS PRIMARILY TO NONPROFIT BORROWERS ON THE DELMARVA PENINSULA FOR THE PURPOSES OF AFFORDABLE HOUSING, COMMUNITY FACILITIES AND ECONOMIC DEVELOPMENT. LOAN PURPOSES ARE TYPICALLY PREDEVELOPMENT, ACQUISITION, AND/OR CONSTRUCTION FOR SINGLE-FAMILY AND MULTI-FAMILY HOUSING, NEIGHBORHOOD REVITALIZATION AND COMMUNITY-BASED FACILITIES, AS WELL AS WORKING CAPITAL. LOANS ARE UNDERWRITTEN BY STAFF AND APPROVED BY THE LOAN FUND COMMITTEE OF THE BOARD. NCALL, AS A SHORT-TERM LENDER, SEEKS INVESTMENTS AND LOAN PARTICIPATIONS FOR CAPITAL TO LEND. ACTIVITY INCLUDES 23 NEW LOANS, TOTALING $13 MILLION WITH 69 LOANS BEING SERVICED OVERALL.
HOMEOWNERSHIP COUNSELING: NCALL IS A HUD-CERTIFIED HOUSING COUNSELING AGENCY AND AS SUCH PROVIDED COMPREHENSIVE HOMEOWNERSHIP COUNSELING AND EDUCATION SERVICES TO LOW AND MODERATE INCOME HOUSEHOLDS IN DELAWARE. WITH TRAINED AND CERTIFIED COUNSELORS, NCALL PROVIDES A FULL-SERVICE "PREPARING FOR HOMEOWNERSHIP" CURRICULUM IN GROUP AND INDIVIDUAL SESSIONS GEARED TOWARDS ASSISTING RENTER HOUSEHOLDS TO BECOME MORTGAGE-READY AS FIRST-TIME HOMEBUYERS. HOUSEHOLDS PARTICIPATE, BECOME INFORMED CONSUMERS, AND WORK TO BECOME ELIGIBLE FOR ACCESS TO SOUND MORTGAGE PRODUCTS. ACTIVITY INCLUDES 645 HOUSEHOLDS COUNSELED AND 371 HOUSEHOLDS ACHIEVING HOMEOWNERSHIP.
SELF-HELP HOUSING TECHNICAL AND MANAGEMENT ASSISTANCE: NCALL PROVIDES TECHNICAL AND MANAGEMENT ASSISTANCE (T&MA) TO LOCAL SELF-HELP HOUSING GRANTEES IN A 21 STATE REGION OF THE NORTHEAST AND NORTH CENTRAL OF THE UNITED STATES THROUGH A CONTRACT WITH USDA'S RURAL HOUSING SERVICE. STAFF TRAINING, QUARTERLY REVIEW MEETINGS, NEWSLETTERS, APPLICATION PREPARATION AND REVIEWS, PROGRESS MONITORING, PROBLEM SOLVING, AND OTHER SUPPORT IS PROVIDED TO SELF-HELP HOUSING GRANTEES TO BUILD OR REPAIR 50-75 HOMES A YEAR USING PARTICIPANT FAMILY SWEAT EQUITY. FAMILIES ARE LOW AND VERY LOW INCOME TYPICALLY USING THE RD 502 MORTGAGE PROGRAM FOR BUILDING MATERIALS AND THE FAMILIES PROVIDE THE LABOR. NCALL ACTS AS AN INTERMEDIARY PROVIDING THE SUPPORT SERVICES TO THE GRANTEES WHO IN TURN OVERSEE AND ASSIST THE PARTICIPATING FAMILIES IN BUILDING THEIR HOMES. ACTIVITY INCLUDED MANAGEMENT AND TECHNICAL SUPPORT TO 10 SELF-HELP GRANTEES AND 63 HOUSES WERE BUILT.
OTHER PROGRAM SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen B Speakman Executive Director | Officer | 40 | $124,195 |
Randall Kunkle President | OfficerTrustee | 0 | $0 |
John Moore Sr Vice President | OfficerTrustee | 0 | $0 |
Daniel Kuennen Treasurer | OfficerTrustee | 0 | $0 |
Tracey Harvey Secretary | OfficerTrustee | 0 | $0 |
Kim Adams Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,621,909 |
| All other contributions, gifts, grants, and similar amounts not included above | $262,116 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,884,025 |
| Total Program Service Revenue | $2,076,321 |
| Investment income | $411,940 |
| 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 | $7,807,910 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,399,480 |
| Pension plan accruals and contributions | $76,732 |
| Other employee benefits | $338,225 |
| Payroll taxes | $176,831 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $109,293 |
| Fees for services: Accounting | $29,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $267,730 |
| Advertising and promotion | $4,256 |
| Office expenses | $26,676 |
| Information technology | $95,298 |
| Royalties | $0 |
| Occupancy | $31,284 |
| Travel | $6,163 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $60,666 |
| Interest | $575,614 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,660 |
| Insurance | $34,428 |
| All other expenses | $453,749 |
| Total functional expenses | $5,973,237 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,854,832 |
| Savings and temporary cash investments | $656,086 |
| Pledges and grants receivable | $163,763 |
| Accounts receivable, net | $156,885 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $12,333,395 |
| Inventories for sale or use | $2,262,395 |
| Prepaid expenses and deferred charges | $13,565 |
| Net Land, buildings, and equipment | $1,540,735 |
| Investments—publicly traded securities | $3,756,872 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $35,738,528 |
| Accounts payable and accrued expenses | $572,877 |
| 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 | $17,025,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $17,597,877 |
| Net assets without donor restrictions | $17,440,590 |
| Net assets with donor restrictions | $700,061 |
| 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 | $35,738,528 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Neighborgood Partners Inc has recieved totaling $279,575.
| Awarding Organization | Amount |
|---|---|
Opportunity Finance Network Philadelphia, PA PURPOSE: FINANCE JUSTICE FUND SUBGRANT | $150,000 |
Opportunity Finance Network Philadelphia, PA PURPOSE: CF RELENDING | $50,000 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $43,000 |
Homefree Usa Inc Landover, MD PURPOSE: Property purchased for renovation and sale ot low and moderate income potential home owners. | $36,575 |
Endowment Analysis
| Beg. Balance | $23,119 |
| Earnings | $5,087 |
| Admin Expense | $418 |
| Ending Balance | $27,788 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Elevator Industry Work Preservation Fund Columbia, MD | $75,509,631 | $27,265,052 |
Hambletonian Society The Cranbury, NJ | $5,608,418 | $11,854,034 |
Rodale Institute Kutztown, PA | $44,853,395 | $12,528,365 |
Hampshire Foundation Inc Wilmington, DE | $84,819,916 | $17,954,468 |
Painters And Allied Trades Labor Management Cooperation Fund Hanover, MD | $16,040,317 | $4,577,967 |
Neighborgood Partners Inc Dover, DE | $35,738,528 | $7,807,910 |
United Food And Commercial Workers International Union Gaithersburg, MD | $2,738,530 | $4,012,146 |
Pennsylvania Certified Organic Spring Mills, PA | $1,487,363 | $4,239,851 |
Pennsylvania Farm Bureau Camp Hill, PA | $15,863,020 | $5,878,793 |
New Jersey Farmers Cooperative West Cape May, NJ | $3,155,537 | $6,158,386 |
Montgomery County Agricultural Center Inc Gaithersburg, MD | $13,260,435 | $4,649,730 |
Local Union 102 Joint Training Fund Parsippany, NJ | $5,728,470 | $3,056,807 |