Overview
What is Neighborhood Lending Partners Inc?
Neighborhood Lending Partners Inc, based in Tampa, Florida, serves as a crucial entity within an affiliated group that facilitates loan arrangements for the construction and permanent financing of affordable housing projects. Their primary mission is to provide financing and offer technical assistance for the development of affordable housing. By doing so, they contribute significantly to community development and redevelopment needs. With a team of 10 dedicated professionals, Neighborhood Lending Partners Inc plays a vital role in making affordable housing a reality in their community.
Official website here: www.nlp-inc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36%
Neighborhood Lending Partners Inc has received a 36% rating from Charity Navigator, which translates to a Zero-Star out of Four Star rating. This score reflects significant concerns regarding the organization’s accountability and financial practices, as it derives solely from the Accountability & Finance beacon. While the organization has a strong governance structure with 96% independent board members, critical policies such as conflict of interest, whistleblower, and document retention policies are missing, which severely impacts their score.
The organization demonstrates some strengths, including a complete board of independent members and no material diversion of assets, both contributing to the highest possible points in those categories. However, the lack of essential operational policies raises questions about transparency and governance practices. Additionally, the liabilities to assets ratio is concerning, indicating potential financial instability.
Overall, while Neighborhood Lending Partners Inc has aspects that reflect good governance, the absence of key policies and poor financial ratios overshadow these strengths, resulting in a low overall score. This highlights the need for significant improvements in their operational transparency and financial management to enhance their standing and effectiveness in serving their community.
This AI summary has been generated from information found on Charity Navigator.
Is Neighborhood Lending Partners Inc legitimate?
Neighborhood Lending Partners Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Lending Partners Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
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Other Salaries and Wages: $76,000
For more financial information, click here
Official website here: www.nlp-inc.com
What is the mission statement of Neighborhood Lending Partners Inc?
Neighborhood Lending Partners Inc's mission is centered around facilitating the development of affordable housing. They achieve this by arranging financing and providing technical assistance. This organization also supports community development and redevelopment needs beyond just housing. Their primary role is to collectively secure loans for the construction and permanent financing of affordable housing projects, in collaboration with member banks. This initiative aims to contribute to the overall betterment of communities.
Official website here: www.nlp-inc.com
Who is the CEO of Neighborhood Lending Partners Inc?
Debra Reyes is the President of Neighborhood Lending Partners Inc.
Official website here: www.nlp-inc.com
What is the revenue of Neighborhood Lending Partners Inc?
Neighborhood Lending Partners Inc's revenue in 2022 was $76,000.
Official website here: www.nlp-inc.com
Who are the executives of Neighborhood Lending Partners Inc and what are their salaries?
The average compensation at Neighborhood Lending Partners Inc during 2022 was $7,600. There are 10 employees at Neighborhood Lending Partners Inc.
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Official website here: www.nlp-inc.com
Where can I find the form 990 for Neighborhood Lending Partners Inc?
Neighborhood Lending Partners Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nlp-inc.com
Learn more at the official website: www.nlp-inc.com
Mission Statement of Neighborhood Lending Partners Inc
Neighborhood Lending Partners Inc, as a leading organization, is committed to facilitating the development of affordable housing. Their mission revolves around arranging financing and providing technical assistance to achieve this goal. In simpler terms, this non-profit entity works to secure loans for the construction and permanent financing of affordable housing projects, in collaboration with member banks. Beyond this, Neighborhood Lending Partners Inc also supports community development and redevelopment needs, contributing to the overall well-being of the communities they serve.
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Impact
August, 2024
Neighborhood Lending Partners Inc plays a crucial role in facilitating the development of affordable housing by arranging financing and providing technical assistance. Through this work, they contribute to addressing the pressing need for affordable housing in their community. Their efforts help individuals and families access safe and affordable housing options, ultimately supporting community development and redevelopment initiatives.
This information is meant to be a general summary of Neighborhood Lending Partners Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $76,000
Assets and Liabilities:
- Total Assets: $15,576,607
- Total Liabilities: $1,425,267
- Net Assets: $14,151,340
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Organization Details
Founding Year
2005
Phone
(813) 879-4525Principal Officer
Debra Reyes
Main Address
3615 W SPRUCE STREET, TAMPA, FL, 33607
Website
www.nlp-inc.comNTEE Category
Code: L80 - Housing
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