Neighborhood Housing Inc
- Assets
- $458.5k
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 1
- Location
- Knoxville, TN
- Founding
- 05/1999
- Data as of
- 12/2023
- EIN
- 62-1771501
Organization Overview
Neighborhood Housing Inc is located in Knoxville, TN. The organization was established in 1999. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood Housing 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, Neighborhood Housing Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $2.1m during the year ending 12/2023. While expenses have increased by 3.7% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
IT IS THE MISSION OF NEIGHBORHOOD HOUSING TO PROVIDE AND RESTORE CLEAN, AFFORDABLE, SINGLE-FAMILY HOUSING. THE ORGANIZATION ACHIEVES THIS MISSION THROUGH ITS NEW HOUSING PROGRAM AND THROUGH ITS HOME REPAIR PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEIGHBORHOOD HOUSING - OUR GOAL IS TO RESTORE COMMUNITY PRIDE WITHIN KNOXVILLE'S NEIGHBORHOODS BY BUILDING MODESTLY PRICED HOMES AND OFFERING ASSISTANCE WITH THE PURCHASE PRICE. IN 2023, 3 HOMES AND LOTS WERE SOLD IN OUR INNER CITY NEIGHBORHOODS. ALSO, 68 FAMILIES WERE ENROLLED IN OUR HOME BUYER READINESS PROGRAM THAT HELPS FAMILIES WORK ON IMPROVING THEIR CREDIT AND BASIC LIFE AND FINANCIAL SKILLS SO THAT THEY CAN PURSUE THEIR DREAM OF HOME OWNERSHIP.
OPERATION BACKYARD - THIS MINOR HOME REPAIR PROGRAM PROVIDES MATERIALS AND RECRUITS VOLUNTEERS TO PROVIDE MINOR HOME REPAIRS FOR LOW-INCOME, SENIOR, AND DISABLED PERSONS WHO OWN THEIR OWN HOMES. IN 2023, OPERATION BACKYARD SERVED 195 FAMILIES WITH 1,360 VOLUNTEERS.
WORKFORCE DEVELOPMENT - NHI SERVES AS A CONSTRUCTION SKILLS DEVELOPMENT AND EMPLOYMENT PARTNER FOR QUALIFIED YOUTH SELECTED BY KNOXVILLE LEADERSHIP FOUNDATION TO PARTICIPATE IN YOUTH BUILD. THE GOALS OF YOUTH BUILD ARE TO PROVIDE PROGRAM AND PROJECT-BASED LEARNING AND OCCUPATIONAL SKILLS TRAINING TO BETTER PREPARE DISADVANTAGED YOUTH BETWEEN THE AGES OF 16 AND 29 FOR CAREER PLACEMENT AND ACHIEVEMENT OF ACADEMIC CREDENTIALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Martin President/board Chair | OfficerTrustee | 3 | $0 |
Dr Brad Carter Board Member | Trustee | 2 | $0 |
Baffin Harper Secretary | OfficerTrustee | 2 | $0 |
Bill Reagan Board Member | Trustee | 2 | $0 |
Reginald Strong Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,224,734 |
| All other contributions, gifts, grants, and similar amounts not included above | $191,579 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,416,313 |
| Total Program Service Revenue | $665,000 |
| Investment income | $1,104 |
| 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 | $2,082,356 |
| 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 | $292,523 |
| Pension plan accruals and contributions | $6,866 |
| Other employee benefits | $30,873 |
| Payroll taxes | $22,366 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,282 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $480 |
| Office expenses | $4,299 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,771 |
| Travel | $128 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,250 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,555 |
| Insurance | $21,112 |
| All other expenses | $103,332 |
| Total functional expenses | $2,093,867 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,338 |
| Savings and temporary cash investments | $139,045 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $77,688 |
| 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 | $1,321 |
| Net Land, buildings, and equipment | $3,833 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $255 |
| Intangible assets | $0 |
| Other assets | $110,060 |
| Total assets | $458,540 |
| Accounts payable and accrued expenses | $11,225 |
| 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 | $207,550 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,803 |
| Total liabilities | $244,578 |
| Net assets without donor restrictions | $74,917 |
| Net assets with donor restrictions | $139,045 |
| 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 | $458,540 |