Overview
What is Neighborhood Lending Partners Inc Group Return?
Neighborhood Lending Partners Inc Group Return is a nonprofit organization situated in Tampa, Florida. Their primary mission is to facilitate the financing and provide technical assistance for the development of affordable housing. This organization plays a crucial role in revitalizing abandoned and foreclosed properties by aiding in their redevelopment and rehabilitation. Furthermore, they offer support to low-income families and residents, as well as those with special housing needs, by servicing their loans. With a team of ten dedicated individuals, Neighborhood Lending Partners Inc Group Return contributes to community development and redevelopment needs, striving to improve affordable housing options.
Official website here: www.nlp-inc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71% (Two-Star out of Four Stars)
Neighborhood Lending Partners Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization demonstrates strong governance with 78% of its board members being independent, and it has received full marks for its financial audits and transparency regarding potential asset diversion. However, despite its strengths in board independence and audit practices, it has several gaps in its operational policies.
One notable limitation is the absence of a whistleblower policy and a document retention policy, which are critical for ensuring transparency and accountability within the organization. Additionally, the nonprofit's program expense ratio of 60.37% raises some concerns about the proportion of funds allocated directly to programs versus administrative costs. While this is a reasonable figure, it suggests that there is room for improvement in maximizing programmatic impact.
Overall, Neighborhood Lending Partners Inc has established a solid foundation in governance and financial practices, but it faces challenges in enhancing its operational policies and improving its program expense ratio. Stakeholders may want to consider these factors when evaluating the organization's effectiveness and commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Neighborhood Lending Partners Inc Group Return legitimate?
Neighborhood Lending Partners Inc Group Return is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Lending Partners Inc Group Return 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: $746,497
Professional Fundraising Fees: $0
Other Salaries and Wages: $248,904
For more financial information, click here
Official website here: www.nlp-inc.com
What is the mission statement of Neighborhood Lending Partners Inc Group Return?
Neighborhood Lending Partners Inc Group Return's mission is focused on facilitating the development of affordable housing. They accomplish this by arranging financing and providing technical assistance. Their mission extends beyond just housing, as they also aim to support community development and redevelopment needs. In practice, they have assisted in the redevelopment and rehabilitation of abandoned properties, served loans to low-income families, and catered to residents with special housing needs.
Official website here: www.nlp-inc.com
Who is the CEO of Neighborhood Lending Partners Inc Group Return?
Debra Reyes is the Director,Less Than of Neighborhood Lending Partners Inc Group Return.
Official website here: www.nlp-inc.com
What is the revenue of Neighborhood Lending Partners Inc Group Return?
Neighborhood Lending Partners Inc Group Return's revenue in 2022 was $2,400,742.
Official website here: www.nlp-inc.com
Who are the executives of Neighborhood Lending Partners Inc Group Return and what are their salaries?
The average compensation at Neighborhood Lending Partners Inc Group Return during 2022 was $99,540. There are 10 employees at Neighborhood Lending Partners Inc Group Return.
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Official website here: www.nlp-inc.com
Where can I find the form 990 for Neighborhood Lending Partners Inc Group Return?
Neighborhood Lending Partners Inc Group Return'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 Group Return
Neighborhood Lending Partners Inc. is committed to facilitating the development of affordable housing by arranging financing and providing technical assistance. Their mission is twofold: firstly, they aim to assist in the redevelopment and rehabilitation of abandoned and foreclosed properties, transforming these spaces into viable living options. Secondly, they offer support in servicing loans to low-income families and residents, as well as those with special housing needs. By undertaking these activities, Neighborhood Lending Partners Inc. contributes to community development and redevelopment needs, working towards a more equitable and affordable housing landscape.
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Impact
October, 2024
Neighborhood Lending Partners Inc Group Return plays a crucial role in facilitating the development of affordable housing by arranging financing and providing technical assistance. Its efforts are focused on the redevelopment and rehabilitation of abandoned and foreclosed properties, which addresses the pressing need for quality housing options in underserved communities.
The organization assists in servicing loans specifically targeted at low-income families and residents with special housing needs, thereby enhancing access to homeownership and stability for vulnerable populations. By supporting these initiatives, Neighborhood Lending Partners contributes to community development and revitalization efforts, fostering healthier, more sustainable neighborhoods.
In summary, its impact extends beyond housing; it supports economic growth, reduces blight, and strengthens community ties, making it an essential player in addressing housing challenges in Tampa and the broader Florida region.
This information is meant to be a general summary of Neighborhood Lending Partners Inc Group Return. 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: $36,435
- Program Service Revenue: $1,569,607
- Gross Receipts: $2,400,742
Assets and Liabilities:
- Total Assets: $34,945,918
- Total Liabilities: $20,957,653
- Net Assets: $13,988,265
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN SERVICING FEES
Revenue
$807,958
LOAN FACILIATION FEES
Revenue
$605,449
INTEREST - LOANS
Revenue
$149,153
LOAN PREPAYMENT FEES
Revenue
$7,047
Organization Details
Founding Year
2001
Phone
(813) 879-4525Principal Officer
Debra Reyes
Main Address
3615 W SPRUCE STREET, TAMPA, FL, 33607
Website
www.nlp-inc.comNTEE Category
Code: L50 - Housing
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