Overview
What is Nehi Inc?
Nehi Inc is a nonprofit organization based in Allen, Nebraska, primarily focused on enhancing community strength through housing. They accomplish this by employing HUD home funds from the Nebraska Department of Economic Development (NDED) to manage a purchase/rehabilitate/sell program. This program targets households whose income falls within 80% of the area median income. Nehi's mission is to renovate and sell these houses, thereby contributing to the overall improvement of the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement, 71%)
Nehi Inc has received a rating of two stars from Charity Navigator, indicating that the organization has room for improvement. With a score of 71%, the nonprofit demonstrates a solid commitment to transparency and accountability, particularly with its 100% independent board members and the absence of material diversion of assets. These strengths contribute positively to its overall financial health.
The organization maintains a high program expense ratio of 98.59%, suggesting that a significant portion of its resources is allocated directly to its programs, which is commendable. Furthermore, the presence of a conflict of interest policy and the documentation of board meeting minutes enhance its governance practices.
However, despite these strengths, the overall rating signals that there are areas where Nehi Inc can enhance its operational effectiveness and transparency. Continued efforts to address these areas will be essential for improving its standing and fostering greater trust among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Nehi Inc legitimate?
Nehi Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nehi 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
Professional Fundraising Fees: $0
Other Salaries and Wages: $40,383
For more financial information, click here
What is the mission statement of Nehi Inc?
Nehi Inc's mission is centered around strengthening communities by providing housing solutions. They accomplish this through the administration of a purchase, renovation, and sale program, utilizing funds from the Nebraska Department of Economic Development. This program is specifically designed for households with an income that falls below 80% of the area median income. By purchasing and renovating houses, Nehi Inc aims to contribute to the development of robust communities.
Who is the CEO of Nehi Inc?
Cheryl Lund is the President of Nehi Inc.
What is the revenue of Nehi Inc?
Nehi Inc's revenue in 2022 was $607,099.
Who are the executives of Nehi Inc and what are their salaries?
The average compensation at Nehi Inc during 2022 was $40,383. There is 1 employee at Nehi Inc.
Here are 6 key members and their salaries:
- Compensation: $40,838
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Nehi Inc?
Nehi Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nehi Inc
Nehi Inc, a nonprofit organization, is dedicated to strengthening communities through housing. The mission of Nehi Inc is achieved by administering a purchase, renovate, and sell program, utilizing funds from the Nebraska Department of Economic Development (NDED). This program is specifically designed to assist households whose income falls below 80% of the area median income. Nehi Inc purchases dilapidated homes in Allen, NE, restores them, and then sells them back to eligible families, thereby contributing to the creation of stronger, more resilient communities. The organization's efforts to revitalize neighborhoods and provide affordable housing options ultimately serve to build a better quality of life for the community members it serves.
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Impact
July, 2024
Nehi Inc's impact is profound in building strong communities through housing in Allen, NE. By administering the purchase/rehab/sell program utilizing HUD home funds, Nehi caters to households at or below 80% of the area median income. Through purchasing and renovating houses in Allen, Nehi's mission is evident in its efforts to create stable and vibrant communities through affordable housing initiatives.
This information is meant to be a general summary of Nehi 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.
- Investment Income: $227
- Program Service Revenue: $518,870
- Gross Receipts: $607,099
Assets and Liabilities:
- Total Assets: $1,156,822
- Total Liabilities: $7,859
- Net Assets: $1,148,963
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROJECT HOUSES SOLD
Revenue
$515,500
RENTAL INCOME
Revenue
$3,370
Organization Details
Founding Year
2005
Phone
(402) 635-2078Principal Officer
Cheryl Lund
Main Address
110 EAST 2ND ST, ALLEN, NE, 68710
NTEE Category
Code: L20 - Housing
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