Overview
What is Neighborhood Housing Services Of Greater Berks Inc?
Neighborhood Housing Services of Greater Berks Inc is a dedicated nonprofit organization based in Reading, Pennsylvania. Their primary mission is to promote and facilitate affordable housing initiatives, aiming to expand homeownership opportunities for individuals in Berks County, particularly those with low to moderate incomes. To achieve this goal, they remove blighted properties by purchasing and renovating them, subsequently reselling to first-time homebuyers. Additionally, they act as consultants to manage rehabilitation programs run by other entities. Beyond property renovation, Neighborhood Housing Services of Greater Berks Inc constructs new affordable homes on a scattered site basis outside the city, catering to first-time homeowners. They also provide technical assistance to home repair programs. In 2022, their My Life Program offered 32 loans for home improvements, totaling $1,143,000. With a team of 24 employees, this nonprofit organization is committed to revitalizing neighborhoods and contributing positively to the wider community in Berks County.
Official website here: www.nhsgreaterberks.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 91%, Four-Star out of Four Star rating.
Neighborhood Housing Services Of Greater Berks Inc has demonstrated a strong commitment to accountability and finance, earning a score of 91% in this category. The organization boasts a fully independent board, high program expense ratio, and effective feedback mechanisms, indicating robust governance and transparency. The strong performance in constituent feedback and usage further highlights their dedication to community engagement and responsiveness.
The organization also shows notable strengths in its culture and community, with a score of 93%. Their policies, including conflict of interest and whistleblower protections, are well-defined, which contributes to a positive organizational environment. The documentation of board meeting minutes and other operational practices reflects a commitment to maintaining best practices in nonprofit management.
However, there are areas for improvement, particularly in the liabilities to assets ratio, which stands at 56.17%. While this is a decent score, it suggests that the organization could benefit from further financial stability. Additionally, while the equity strategies score is strong, there is still room for enhancement in equity policies and processes. Overall, the organization is effectively serving its mission while maintaining transparency and accountability.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Neighborhood Housing Services Of Greater Berks Inc?
100% of 7 reviewers on Facebook recommend this organization. Here is a summary of their reviews:
The Neighborhood Housing Services of Greater Berks Inc is highly regarded as a valuable resource, especially for first-time homebuyers. Many users emphasized the friendly and knowledgeable staff, appreciating their support throughout the home buying process.
Overall, the sentiment towards this nonprofit is overwhelmingly positive, with users feeling confident in the services provided and expressing satisfaction with their experiences.
This AI summary has been generated from reviews found on Facebook.
Is Neighborhood Housing Services Of Greater Berks Inc legitimate?
Neighborhood Housing Services Of Greater Berks Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Housing Services Of Greater Berks 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: $171,060
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,072,487
For more financial information, click here
Official website here: www.nhsgreaterberks.org
What is the mission statement of Neighborhood Housing Services Of Greater Berks Inc?
The mission of Neighborhood Housing Services Of Greater Berks is to facilitate and provide affordable housing programs and initiatives, with a focus on expanding homeownership opportunities for low to moderate income families. This organization contributes to the revitalization of neighborhoods and the wider community by removing blighted properties, renovating them, and reselling to first-time homebuyers. Additionally, they act as consultants to administer rehabilitation programs run by other entities. In 2022, they provided 32 loans for home improvements via their My Life program, totaling $1,143,000.
Official website here: www.nhsgreaterberks.org
Who is the CEO of Neighborhood Housing Services Of Greater Berks Inc?
Stephen T Gieringer is the CEO of Neighborhood Housing Services Of Greater Berks Inc The CEO's salary of Neighborhood Housing Services Of Greater Berks Inc is $147,511 and their total compensation is $171,060.
Official website here: www.nhsgreaterberks.org
What is the revenue of Neighborhood Housing Services Of Greater Berks Inc?
Neighborhood Housing Services Of Greater Berks Inc's revenue in 2023 was $3,282,825.
Official website here: www.nhsgreaterberks.org
Who are the executives of Neighborhood Housing Services Of Greater Berks Inc and what are their salaries?
The average compensation at Neighborhood Housing Services Of Greater Berks Inc during 2023 was $62,177. There are 20 employees and 19 volunteers at Neighborhood Housing Services Of Greater Berks Inc.
Here are 19 key members and their salaries (Neighborhood Housing Services Of Greater Berks Inc's CEO's salary is $147,511 and their total compensation is $171,060):
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- Compensation: $106,857
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- Other: $22,963
Official website here: www.nhsgreaterberks.org
Where can I find the form 990 for Neighborhood Housing Services Of Greater Berks Inc?
Neighborhood Housing Services Of Greater Berks Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nhsgreaterberks.org
Learn more at the official website: www.nhsgreaterberks.org
Mission Statement of Neighborhood Housing Services Of Greater Berks Inc
Neighborhood Housing Services of Greater Berks Inc is committed to facilitating and providing affordable housing programs and initiatives for all people. Their mission is to expand homeownership opportunities for the residents of Berks County, particularly low to moderate income families. This organization aims to contribute to the revitalization of neighborhoods and the greater community through its efforts.
In pursuit of this mission, Neighborhood Housing Services of Greater Berks Inc engages in several activities. They seek to remove blighted properties by purchasing and renovating them, subsequently reselling them to first-time homebuyers. In addition, the organization acts as a consultant to provide administration for rehabilitation programs run by other entities. Furthermore, Neighborhood Housing Services of Greater Berks Inc constructs new affordable homes on a scattered site basis outside the city for first-time homeowners and provides technical assistance to home repair programs.
In the year 2022, Neighborhood Housing Services of Greater Berks Inc made significant strides in achieving its mission. They provided 32 loans for home improvements through their My Life program, totaling $1,143,000. This investment in affordable housing and home improvement initiatives demonstrates their commitment to making homeownership opportunities more accessible to the people of Berks County.
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Impact
October, 2024
Neighborhood Housing Services of Greater Berks Inc. significantly impacts the community by enhancing access to affordable housing and revitalizing neighborhoods. Through its initiatives, the organization actively works to remove blighted properties by purchasing and renovating them, which not only improves the aesthetic and economic value of neighborhoods but also provides first-time homebuyers with viable homeownership options.
In 2022, the organization was able to provide 32 loans for home improvements totaling over $1.1 million through its My Life Program, directly contributing to the quality of housing within the community. Furthermore, it acts as a consultant, administering rehabilitation programs for other entities, thereby amplifying its reach and effectiveness in promoting home improvements and affordability.
The focus on constructing new affordable homes on scattered sites outside the city, along with providing technical assistance to home repair programs, ensures that low to moderate-income families can achieve their dream of homeownership. By expanding these opportunities, the organization fosters community stability and contributes to the overall revitalization of Berks County's neighborhoods, enhancing the quality of life for its residents.
This information is meant to be a general summary of Neighborhood Housing Services Of Greater Berks 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 2023.
- Investment Income: $63,539
- Program Service Revenue: $1,457,437
- Gross Receipts: $3,282,920
Assets and Liabilities:
- Total Assets: $17,697,361
- Total Liabilities: $9,941,583
- Net Assets: $7,755,778
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MORTGAGE INTEREST
Revenue
$566,708
LIFT PROGRAM
Revenue
$330,800
FEE REVENUE
Revenue
$308,181
REHABBED PROPERTY SALE
Revenue
$240,000
ESCROW/ADMIN FEES
Revenue
$11,748
Organization Details
Founding Year
1979
Principal Officer
Stephen T Gieringer
Website
www.nhsgreaterberks.orgNTEE Category
Code: L800 - Housing
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