Nhs Lending Inc
- Assets
- $5.4m
- Revenue
- $349.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Boise, ID
- Founding
- 05/2003
- Data as of
- 12/2022
- EIN
- 82-0532242
Organization Overview
Nhs Lending Inc, operating under the name Neighborworks Boise - Lending, is located in Boise, ID. The organization was established in 2003. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborworks Boise - Lending 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 12/2022, Neighborworks Boise - Lending generated $349.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.8%) each year. All expenses for the organization totaled $431.9k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE INNOVATIVE HOUSING SOLUTIONS FOR UNDERSERVED POPULATIONS THROUGH STRATEGIC PARTNERSHIPS
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDABLE HOUSING: PROVIDING ASSISTANCE TO FAMILIES IN TARGETED NEIGHBORHOODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Morgan Hoffman Board President | OfficerTrustee | 1 | $0 |
Rabiou Manzo Board Vice President | OfficerTrustee | 1 | $0 |
Brad Lish Board Treasurer | OfficerTrustee | 1 | $0 |
Heidi Rahn Board Secretary | OfficerTrustee | 1 | $0 |
Chris Stroh Board Member | Trustee | 1 | $0 |
Rachel Anderson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $185,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $185,000 |
| Total Program Service Revenue | $158,329 |
| Investment income | $6,527 |
| 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 | $349,856 |
| 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 | $221,818 |
| Pension plan accruals and contributions | $4,776 |
| Other employee benefits | $0 |
| Payroll taxes | $15,168 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,517 |
| Fees for services: Accounting | $9,908 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,435 |
| Advertising and promotion | $18,488 |
| Office expenses | $17,216 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $27,509 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $431,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,494,023 |
| Savings and temporary cash investments | $192,656 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,843 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,678,416 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,384,938 |
| Accounts payable and accrued expenses | $214,974 |
| Grants payable | $0 |
| Deferred revenue | $5,594 |
| 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 | $200,871 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $421,439 |
| Net assets without donor restrictions | $3,950,086 |
| Net assets with donor restrictions | $1,013,413 |
| 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 | $5,384,938 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Energy Fund Portland, OR | $4,269,435 | $2,999,107 |
Snap Financial Access Spokane, WA | $15,138,409 | $3,295,988 |
Energy Share Of Montana Inc Helena, MT | $13,252,874 | $2,608,451 |
Housing Resources Bainbridge Bainbridge Island, WA | $9,332,842 | $1,876,091 |
Helping Hands Team Milton, WA | $1,226,199 | $1,340,617 |
Whatcom-Skagit Housing Ferndale, WA | $7,782,951 | $981,443 |
Nhs Lending Inc Boise, ID | $5,384,938 | $349,856 |
Special Assistance Fund For Energy Safe Reno, NV | $298,113 | $257,363 |
Northwood Community Inc Ronan, MT | $1,211,304 | $150,640 |
Oregon Training Institute Salem, OR | $39,132 | $146,284 |
Helena Housing Development Corporation Helena, MT | $839,881 | $118,265 |
Wood River Community Housing Trust Inc Ketchum, ID | $2,309,310 | $253,241 |
Dubbers Cares Missoula, MT | $14,639 | $0 |
Community Housing Services Albany, OR | $0 | $122,045 |
Northwest Community Housing Foundation Inc Portland, OR | $102,079 | $0 |
Fortify Families Beaverton, OR | $21 | $0 |