Overview
What is Neighborhood Housing Partnership Of Greater Springfield?
Neighborhood Housing Partnership of Greater Springfield is a dedicated nonprofit organization situated in Springfield, Ohio. Their primary mission is to foster and maintain affordable, high-quality housing and robust neighborhoods. To achieve this, they establish collaborative partnerships with local residents, businesses, and government entities. Their activities include offering home repair loans and down payment assistance through the Home Repair Program, which served 24 clients in 2022, providing 1 USDA packaging, assisting 22 additional households with lender down payment funds, and facilitating 36 home purchases for first-time homebuyers. The organization's impact in 2022 included 18 grants and 6 loans distributed under the Home Repair Program. With a team of 9 employees, Neighborhood Housing Partnership of Greater Springfield continues to make a significant difference in their community.
Official website here: www.springfieldnhp.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91% (Four-Star out of Four Star Rating)
The Neighborhood Housing Partnership of Greater Springfield has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The charity's overall score is derived entirely from its high accountability and finance score of 91%, indicating a well-managed organization with transparent financial practices.
Strengths highlighted include a board comprising entirely independent members and a robust financial oversight system, both of which contribute to its high rating in these areas. The organization maintains solid policies regarding conflicts of interest, whistleblower protections, and document retention, further showcasing its dedication to ethical governance and transparency. Additionally, a significant portion of its expenses is allocated to programs, underscoring its focus on effective service delivery.
While the Neighborhood Housing Partnership has received high marks in most categories, it does have room for improvement in its liabilities to assets ratio, which stands at 56.37%. This figure suggests that the organization could enhance its financial stability by managing its liabilities more effectively. Overall, the nonprofit demonstrates a strong operational framework with a clear commitment to serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Neighborhood Housing Partnership Of Greater Springfield legitimate?
Neighborhood Housing Partnership Of Greater Springfield is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Housing Partnership Of Greater Springfield 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: $218,969
Professional Fundraising Fees: $0
Other Salaries and Wages: $266,743
For more financial information, click here
Official website here: www.springfieldnhp.org
What is the mission statement of Neighborhood Housing Partnership Of Greater Springfield?
The Neighborhood Housing Partnership Of Greater Springfield's mission is to foster the creation and preservation of affordable, high-quality housing and robust neighborhoods. They achieve this goal through strategic collaborations involving residents, businesses, and government entities. The organization's activities include providing home repair loans and down payment assistance to eligible clients, as shown in their service to 24 clients in 2022. Additionally, they assisted 22 more households using lender down payment funds and facilitated 36 home purchases for first-time homebuyers. In summary, the Neighborhood Housing Partnership Of Greater Springfield works towards improving living conditions and strengthening communities by promoting affordable housing opportunities.
Official website here: www.springfieldnhp.org
What is the revenue of Neighborhood Housing Partnership Of Greater Springfield?
Neighborhood Housing Partnership Of Greater Springfield's revenue in 2023 was $1,028,183.
Official website here: www.springfieldnhp.org
Who are the executives of Neighborhood Housing Partnership Of Greater Springfield and what are their salaries?
The average compensation at Neighborhood Housing Partnership Of Greater Springfield during 2023 was $53,968. There are 9 employees and 12 volunteers at Neighborhood Housing Partnership Of Greater Springfield.
Here are 12 key members and their salaries:
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- Compensation: $99,192
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- Other: $26,727
- Compensation: $73,572
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- Other: $19,478
Official website here: www.springfieldnhp.org
Where can I find the form 990 for Neighborhood Housing Partnership Of Greater Springfield?
Neighborhood Housing Partnership Of Greater Springfield's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.springfieldnhp.org
Learn more at the official website: www.springfieldnhp.org
Mission Statement of Neighborhood Housing Partnership Of Greater Springfield
Neighborhood Housing Partnership of Greater Springfield is dedicated to creating and preserving affordable, high-quality housing and strong neighborhoods. They achieve this mission by fostering collaborative partnerships among residents, businesses, and government entities. The organization's primary activities include offering home repair loans and providing down payment assistance through their lending program. In 2022, they served 24 clients under the home repair program, granting 18 repairs and 6 loans. Furthermore, they assisted an additional 22 households using lender down payment funds. Additionally, Neighborhood Housing Partnership facilitated 36 home purchases for first-time homebuyers, demonstrating their commitment to making homeownership attainable for a wide range of individuals.
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Impact
October, 2024
Neighborhood Housing Partnership Of Greater Springfield actively works to enhance community well-being by fostering affordable, quality housing and strengthening neighborhoods. In 2022, it made a significant impact by serving 24 clients through its home repair program, which included 18 grants and 6 loans, helping residents maintain their homes' safety and livability. The organization provided critical support for 22 additional households with down payment assistance and played a vital role in enabling 36 first-time home purchases. Through these efforts, it contributes to the creation of stable, thriving neighborhoods by building partnerships among residents, businesses, and government entities.
This information is meant to be a general summary of Neighborhood Housing Partnership Of Greater Springfield. 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: $17,958
- Program Service Revenue: $318,390
- Gross Receipts: $1,279,317
Assets and Liabilities:
- Total Assets: $3,878,474
- Total Liabilities: $2,006,721
- Net Assets: $1,871,753
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEE
Revenue
$235,558
LOW INCOME RENT INCOME
Revenue
$74,025
FINANCIAL COUNSELING
Revenue
$8,807
Organization Details
Founding Year
2002
Principal Officer
Greg Womacks
Website
www.springfieldnhp.orgNTEE Category
Code: S200 - Community improvement
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