Overview
What is Neighborhood Housing Services Inc?
Neighborhood Housing Services Inc, based in Pittsburgh, Pennsylvania, is a dedicated nonprofit organization aiming to promote financial empowerment and stable communities. Their primary focus is on providing education programs, counseling, and affordable financing to help individuals and families strengthen their financial security. Through homebuyer education training, pre-purchase programs, and post-purchase assistance, Neighborhood Housing Services Inc strives to foster homeownership. Their team of experienced housing counselors and educators offer tailored services, including default and delinquency coaching, pre-foreclosure mitigation, and financial wellness workshops for adults and youth. By partnering with high schools and community-based locations, they extend their reach to a wide audience, empowering individuals to make sound financial decisions and pursue homeownership goals.
Official website here: www.nwwpa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
Neighborhood Housing Services Inc has received a commendable four-star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The organization achieved an impressive score of 95%, which is solely based on its accountability and finance metrics. This high rating indicates that the nonprofit effectively manages its resources and adheres to best practices in financial transparency.
The strengths of Neighborhood Housing Services Inc include a fully independent board composed of 13 members, all of whom are independent, and a robust system for financial oversight, including a clean audit of financial statements. The organization has established policies for conflicts of interest, whistleblower protections, and document retention, further demonstrating its commitment to ethical governance and operational integrity.
While the financial ratios indicate a healthy balance between assets and liabilities and a significant portion of expenses directed towards programs, there is always room for improvement. The program expense ratio is strong at 69.56%, but attention to optimizing this further could enhance its impact. Overall, the organization shows a solid foundation in financial health and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Neighborhood Housing Services Inc legitimate?
Neighborhood Housing Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Housing Services 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: $695,132
For more financial information, click here
Official website here: www.nwwpa.org
What is the mission statement of Neighborhood Housing Services Inc?
Neighborhood Housing Services Inc's mission is to promote financial empowerment, leading to homeownership and stable communities. This objective is achieved by offering educational programs, counseling, and affordable financing to individuals and families, aiming to strengthen their financial security. The organization provides homebuyer education, pre-purchase programs, and post-purchase support, including mortgage assistance and default coaching. Additionally, they offer financial wellness workshops for adults and youth, teaching them to make sound financial decisions and pursue financial goals, including homeownership.
Official website here: www.nwwpa.org
Who is the CEO of Neighborhood Housing Services Inc?
Colin Kelley is the Ceo of Neighborhood Housing Services Inc. The CEO's salary of Neighborhood Housing Services Inc is $106,620 and their total compensation is $106,620.
Official website here: www.nwwpa.org
What is the revenue of Neighborhood Housing Services Inc?
Neighborhood Housing Services Inc's revenue in 2022 was $1,376,435.
Official website here: www.nwwpa.org
Who are the executives of Neighborhood Housing Services Inc and what are their salaries?
The average compensation at Neighborhood Housing Services Inc during 2022 was $49,652. There are 14 employees and 31 volunteers at Neighborhood Housing Services Inc.
Here are 14 key members and their salaries (Neighborhood Housing Services Inc's CEO's salary is $106,620 and their total compensation is $106,620):
- Compensation: $106,620
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- Other: $0
- Compensation: $104,720
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- Other: $0
- Compensation: $90,720
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- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $0
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- Other: $0
Official website here: www.nwwpa.org
Where can I find the form 990 for Neighborhood Housing Services Inc?
Neighborhood Housing Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nwwpa.org
Learn more at the official website: www.nwwpa.org
Mission Statement of Neighborhood Housing Services Inc
Neighborhood Housing Services Inc, a nonprofit organization, is committed to providing financial empowerment that fosters homeownership and stable communities. They achieve this goal by offering various education programs, counseling, and affordable financing to individuals and families, aiming to strengthen their financial security. By helping people improve their financial literacy and stability, Neighborhood Housing Services Inc contributes to creating more secure communities.
One of the primary ways Neighborhood Housing Services Inc achieves its mission is through homeownership programs. These programs include homebuyer education training, youth financial literacy, and marketing outreach. The organization offers these programs primarily online and through partnerships with organizations such as EHome America. Neighborhood Housing Services Inc also provides pre-purchase programs, working with certified housing counseling agencies and adhering to industry standards for homeownership education and counseling.
In addition, Neighborhood Housing Services Inc offers post-purchase programs to help homeowners maintain their most valuable asset. If homeowners are having trouble paying their mortgages, the organization provides default and delinquency coaching and pre-foreclosure mitigation. Neighborhood Housing Services Inc also hosts periodic post-purchase workshops to provide further support.
For adults, Neighborhood Housing Services Inc offers financial wellness workshops, teaching customers the skills and knowledge necessary to make sound financial decisions, build personal wealth, and pursue financial goals, including homeownership. These workshops are held at the organization's homeownership center and in community-based locations throughout Western Pennsylvania. For youth, Neighborhood Housing Services Inc provides financial wellness workshops in partnership with state-approved high school education facilities throughout Western Pennsylvania.
Overall, Neighborhood Housing Services Inc is dedicated to helping individuals and families achieve financial stability and homeownership, which in turn contributes to the overall stability and growth of communities. By providing a range of education programs, counseling, and affordable financing, the organization empowers people to take control of their financial futures.
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Impact
October, 2024
Neighborhood Housing Services Inc significantly impacts the community by fostering financial empowerment and promoting homeownership, which leads to stable neighborhoods. By offering comprehensive homeownership programs, the organization equips individuals and families with essential financial knowledge and skills through education and counseling.
Their homebuyer education training, adapted to online platforms during the pandemic, ensures accessibility for prospective homeowners. The agency's certification as a HUD-approved housing counseling entity highlights its commitment to maintaining high standards in helping clients navigate the complexities of purchasing a home.
Moreover, Neighborhood Housing Services provides crucial support for existing homeowners through default and delinquency coaching, assisting those who face financial difficulties and helping them retain their homes—one of their most valuable assets. This emphasis on post-purchase support underscores their dedication to community stability.
In addition to adult financial wellness programs, their youth financial literacy initiatives prepare the next generation for responsible financial decision-making. Workshops held at their Homeownership Center in Pittsburgh and various community locations across Western Pennsylvania make these resources widely available.
Overall, Neighborhood Housing Services Inc plays a vital role in strengthening the financial security of individuals and families, which in turn promotes the growth of stable communities.
This information is meant to be a general summary of Neighborhood Housing Services 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.
- Program Service Revenue: $83,418
- Gross Receipts: $1,376,435
Assets and Liabilities:
- Total Assets: $914,433
- Total Liabilities: $131,349
- Net Assets: $783,084
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Revenue
Revenue
$83,418
Organization Details
Founding Year
1968
Principal Officer
Colin Kelley
Main Address
PO BOX 101097, Pittsburgh, PA, 15237
Website
www.nwwpa.orgNTEE Category
Code: L80 - Housing
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