Salt Lake Neighborhood Housing Services Inc
- Assets
- $42.3m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 20
- Location
- Salt Lake City, UT
- Founding
- 11/1978
- Data as of
- 06/2021
- EIN
- 94-2481205
Organization Overview
Salt Lake Neighborhood Housing Services Inc is located in Salt Lake City, UT. The organization was established in 1978. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Salt Lake Neighborhood Housing Services Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salt Lake Neighborhood Housing Services 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 06/2021, Salt Lake Neighborhood Housing Services Inc generated $3.0m 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 (3.3%) each year. All expenses for the organization totaled $3.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 6 years. 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
NEIGHBORWORKS SALT LAKE BUILDS ON THE STRENGTHS OF NEIGHBORHOODS, CREATING OPPORTUNITIES THROUGH HOUSING, RESIDENT LEADERSHIP, AND YOUTH AND ECONOMIC DEVELOPMENT. WE WORK IN PARTNERSHIP WITH OUR RESIDENTS, GOVERNMENT, AND BUSINESSES TO BUILD AND SUSTAIN NEIGHBORHOODS OF CHOICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AFFORDABLE HOUSING MISSION INVESTMENT FUND IS AN ENTERPRISE LEVEL LOAN FUND THAT LENDS MONEY TO EXEMPLARY RATED NEIGHBORWORKS ORGANIZATIONS ACROSS THE COUNTRY TO HELP PROMOTE AFFORDABLE AND SUSTAINABLE HOUSING, ECONOMIC DEVELOPMENT AND NEIGHBORHOOD REVITALIZATION. LOANS TYPICALLY RANGE FROM $250,000 TO $1,500,000 FOR APPROXIMATELY 5 YEARS AND CAN BE USED BY THE ORGANIZATION FOR FUNDING IN ONE OF THE ORGANIZATION'S LINES OF BUSINESS. THE LOAN IS NOT PROJECT BASED, BUT CAN BE SHIFTED FROM PROJECT TO PROJECT DURING THE LOAN PERIOD.
HOME OWNERSHIP PRESERVATION AND PROMOTION - PROVIDES FINANCING FOR QUALIFIED FIRST-TIME HOMEBUYERS AND FOR HOME IMPROVEMENT AND CONSTRUCTION LOANS FOR PERSONS WHO ARE UNABLE TO OBTAIN FINANCING FROM TRADITIONAL SOURCES.
REAL ESTATE DEVELOPMENT - PROVIDES ACTIVITIES INVOLVED IN DEVELOPING RESIDENTIAL, COMMERCIAL, AND MULTI-FAMILY REAL ESTATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Garciaz Executive Dir. | Officer | 40 | $138,099 |
Robert Pedersen Treasurer | OfficerTrustee | 5 | $0 |
Tim Raccuia Past President | OfficerTrustee | 5 | $0 |
Charlie Knadler Vice President | OfficerTrustee | 5 | $0 |
Christy Sapp Secretary | OfficerTrustee | 5 | $0 |
Bryce Garner President | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mike Duford Construction Stucco And Other Building Exterior Work | 6/29/20 | $220,933 |
First Home Building Interior/exterior Work | 6/29/20 | $126,227 |
Midwest Excavating Land And Building Development | 6/29/20 | $109,705 |
First Home Building Interior/exterior Work | 6/29/20 | $126,227 |
Mike Duford Construction Stucco And Other Building Exterior Work | 6/29/20 | $220,933 |
Midwest Excavating Land And Building Development | 6/29/20 | $109,705 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,035,999 |
| All other contributions, gifts, grants, and similar amounts not included above | $231,980 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,267,979 |
| Total Program Service Revenue | $1,707,016 |
| Investment income | $9,542 |
| 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 | $31,994 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,016,531 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $202,667 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $170,421 |
| Compensation of current officers, directors, key employees. | $68,590 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $558,953 |
| Pension plan accruals and contributions | $3,773 |
| Other employee benefits | $30,310 |
| Payroll taxes | $58,380 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,673 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,927 |
| Advertising and promotion | $0 |
| Office expenses | $10,651 |
| Information technology | $16,186 |
| Royalties | $0 |
| Occupancy | $19,404 |
| Travel | $4,597 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $746,776 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,200 |
| Insurance | $57,296 |
| All other expenses | $11,223 |
| Total functional expenses | $3,210,372 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,674,726 |
| Savings and temporary cash investments | $4,775,851 |
| Pledges and grants receivable | $101,743 |
| Accounts receivable, net | $0 |
| 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 | $29,406 |
| Net Land, buildings, and equipment | $70,537 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $30,665,667 |
| Intangible assets | $0 |
| Other assets | $1,954,545 |
| Total assets | $42,272,475 |
| Accounts payable and accrued expenses | $611,424 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $48,468 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $26,800,602 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $27,460,494 |
| Net assets without donor restrictions | $12,070,099 |
| Net assets with donor restrictions | $2,741,882 |
| 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 | $42,272,475 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Salt Lake Neighborhood Housing Services Inc has recieved totaling $120,821.
| Awarding Organization | Amount |
|---|---|
Intermountain Community Care Foundation Inc Salt Lake City, UT PURPOSE: SUPPORT COMMUNITY HEALTH | $114,821 |
Salt Lake Arts Council Foundation Salt Lake City, UT | | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neighbor To Neighbor Inc Fort Collins, CO | $13,618,294 | $17,160,662 |
Tri-County Housing Inc Fowler, CO | $14,600,374 | $8,095,427 |
First Place Az Phoenix, AZ | $15,321,199 | $7,150,509 |
Community Action Human Resources Agency Eloy, AZ | $1,769,359 | $4,269,606 |
Homeward Bound Phoenix, AZ | $5,543,799 | $2,679,356 |
Habitat For Humanity International Inc Longmont, CO | $9,039,469 | $8,643,955 |
Salt Lake Neighborhood Housing Services Inc Salt Lake City, UT | $42,272,475 | $3,016,531 |
Neighborworks Boise Boise, ID | $11,705,252 | $2,794,528 |
The Home Partnership Foundation Inc Boise, ID | $1,642,021 | $2,420,228 |
Rural Housing Development Corporation Provo, UT | $29,754,562 | $4,698,505 |
Mercy Bond Properties Nebraska I Denver, CO | $6,153,326 | $2,237,025 |
Home Means Nevada Inc Las Vegas, NV | $480,495 | $2,008,130 |