Neighborhood Concepts Inc
- Assets
- $9.3m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 10
- Location
- Huntsville, AL
- Founding
- 04/1989
- Data as of
- 12/2021
- EIN
- 57-0897928
Organization Overview
Neighborhood Concepts Inc is located in Huntsville, AL. The organization was established in 1989. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Neighborhood Concepts Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood Concepts 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 12/2021, Neighborhood Concepts Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $822.8k during the year ending 12/2021. While expenses have increased by 14.9% per year over the past 7 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
NEIGHBORHOOD CONCEPTS STRENGTHENS COMMUNITIES THROUGH THE DEVELOPMENT OF AFFORDABLE HOUSING AND BY PROVIDING ACCESS TO CAPITAL FOR SMALL BUSINESSES AND ENTREPRENEURS THROUGH ITS SUBSIDIARY COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI).
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING: NEIGHBORHOOD CONCEPTS, INC. HAS AN OWNERSHIP INTEREST IN PARTNERSHIPS THAT COLLECTIVELY OWN 1,087 UNITS OF AFFORDABLE MULTIFAMILY HOUSING IN ALABAMA, GEORGIA, AND SOUTH CAROLINA. EXPENSES ARE ASSOCIATED WITH ASSET MANAGEMENT OF THE EXISTING PORTFOLIO, DELIVERY OF RESIDENT SERVICES, DEVELOPMENT OF NEW AFFORDABLE HOUSING AND PRESERVATION OF AFFORDABLE HOUSING. AT YEAR-END 2021, NCI HAD ONE 56 UNIT AFFORDABLE SENIOR MULTIFAMILY PROPERTY UNDER CONSTRUCTION.
ECONOMIC DEVELOPMENT: THROUGH ITS WHOLLY OWNED REVOLVING LOAN FUND, NEIGHBORHOOD CONCEPTS, INC. MADE $2,503,223 IN LOANS TO SMALL BUSINESSES AND ENTREPRENEURS IN NORTH ALABAMA FOR START-UP CAPITAL, EQUIPMENT AND WORKING CAPITAL IN 2021. AT YEAR-END, 41% OF LOANS IN PORTFOLIO WERE BUSINESSES OWNED BY MINORITIES, 60% BY WOMEN-OWNED BUSINESSES AND 22% WERE OWNED BY LOW INCOME INDIVIDUALS. ADDITIONALLY, 51% OF PORTFOLIO DOLLARS WERE LENT TO BUSINESSES LOCATED IN UNDERSERVED CENSUS TRACTS.
ADVOCACY: NEIGHBORHOOD CONCEPTS ADVOCATES FOR OPPORTUNITIES AND PROGRAMS THAT SUPPORT THE CREATION OF AFFORDABLE HOUSING AND THE ADVANCEMENT OF ECONOMIC OPPORTUNITIES FOR UNDERSERVED PEOPLE AND IN UNDERSERVED COMMUNITIES. ADVOCACY EFFORTS INCLUDE EDUCATION AND AWARENESS AS WELL AS POLICY SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Ellen Judah Executive Director | 40 | $129,661 | |
Stephen Norris Treasurer | OfficerTrustee | 1 | $0 |
Bill Mcdowell Secretary | OfficerTrustee | 1 | $0 |
Joanna Broad White Chair | OfficerTrustee | 2 | $0 |
Enorris Johnson Member | Trustee | 0.5 | $0 |
Shawn Hicks Vice Chair | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $813,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $130,425 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $943,425 |
| Total Program Service Revenue | $503,642 |
| Investment income | $3,140 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $131,919 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,624,253 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,270 |
| 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. | $129,661 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $199,317 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,732 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,327 |
| Fees for services: Accounting | $21,954 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $99,737 |
| Advertising and promotion | $9,861 |
| Office expenses | $7,094 |
| Information technology | $2,771 |
| Royalties | $0 |
| Occupancy | $6,650 |
| Travel | $1,567 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,158 |
| Interest | $35,833 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,519 |
| Insurance | $21,367 |
| All other expenses | $19,012 |
| Total functional expenses | $822,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,822,912 |
| Savings and temporary cash investments | $220,053 |
| Pledges and grants receivable | $227,500 |
| Accounts receivable, net | $82,925 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,565,725 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $360,725 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,279,840 |
| Accounts payable and accrued expenses | $61,090 |
| 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 | $4,299,154 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $33,464 |
| Total liabilities | $4,393,708 |
| Net assets without donor restrictions | $4,053,814 |
| Net assets with donor restrictions | $832,318 |
| 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 | $9,279,840 |
Grants Awarded
Over the last fiscal year, Neighborhood Concepts Inc has awarded $22,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
OFF THE EATEN PATH INC PURPOSE: COVID-19 RELIEF GRANT TO HELP BUSINESSES OPEN BACK UP AND EQUIP THEM WITH TOOLS THEY NEED TO RESUME NORMAL OPERATIONS WHILE ENSURING THE SAFETY OF THEIR EMPLOYEES AND CUSTOMERS. | $5,500 |
GREEN HOUSE 256 LLC PURPOSE: COVID-19 RELIEF GRANT TO HELP BUSINESSES OPEN BACK UP AND EQUIP THEM WITH TOOLS THEY NEED TO RESUME NORMAL OPERATIONS WHILE ENSURING THE SAFETY OF THEIR EMPLOYEES AND CUSTOMERS. | $5,500 |
MAD MALTS BREWING LLC PURPOSE: COVID-19 RELIEF GRANT TO HELP BUSINESSES OPEN BACK UP AND EQUIP THEM WITH TOOLS THEY NEED TO RESUME NORMAL OPERATIONS WHILE ENSURING THE SAFETY OF THEIR EMPLOYEES AND CUSTOMERS. | $5,500 |
POP CULTURE LLC PURPOSE: COVID-19 RELIEF GRANT TO HELP BUSINESSES OPEN BACK UP AND EQUIP THEM WITH TOOLS THEY NEED TO RESUME NORMAL OPERATIONS WHILE ENSURING THE SAFETY OF THEIR EMPLOYEES AND CUSTOMERS. | $5,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Neighborhood Concepts Inc has recieved totaling $11.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For Intergovernmental Research Inc Tallahassee, FL | $7,668,279 | $34,374,531 |
Habitat For Humanity In Atlanta Inc Atlanta, GA | $81,551,003 | $20,263,546 |
Habitat For Humanity Of Lee & Hendry Counties Inc North Fort Myers, FL | $37,502,621 | $24,631,007 |
Habitat For Humanity Of Collier County Inc Naples, FL | $122,499,137 | $30,188,706 |
I M Sulzbacher Center For The Homeless Inc Jacksonville, FL | $19,053,781 | $20,126,235 |
Housing Partnership Inc Riviera Beach, FL | $13,058,186 | $17,518,413 |
Big Canoe Property Owners Association Inc And Subsidiary Big Canoe, GA | $48,180,026 | $19,159,834 |
Habitat For Humanity Of Greater Nashville Nashville, TN | $71,491,096 | $16,513,254 |
Opa-Locka Community Development Corporation Inc Opa Locka, FL | $85,273,967 | $19,527,204 |
Orlando Neighborhood Improvement Corporation Inc Orlando, FL | $57,656,701 | $16,159,756 |
Habitat For Humanity International Inc Memphis, TN | $13,622,959 | $12,248,424 |
Habitat For Humanity International Inc Tampa, FL | $16,516,073 | $18,669,195 |