Overview
What is Neighborhood Housing Services Of Toledo Inc?
Neighborhood Housing Services of Toledo Inc is a nonprofit organization based in Toledo, Ohio, specifically at 704 Second Street. Their primary mission is to revitalize and restore the neighborhoods they serve, primarily benefiting current and future inhabitants. They achieve this by providing various services and programs that renew pride, stimulate investment, and restore confidence and trust. One of their notable initiatives is Project Warm Choice, a privately sponsored weatherization program aimed at reducing monthly utility expenses for low and moderate income natural gas customers. With a workforce of 91 individuals, Neighborhood Housing Services of Toledo Inc continues to make significant contributions to their community.
Official website here: www.nwotoledo.org
What are the reviews and ratings of this charity?
**Neighborhood Housing Services of Toledo Inc: Rating Summary**
Charity Navigator rates Neighborhood Housing Services of Toledo Inc with an 86%, achieving a Three-Star out of Four Star rating primarily based on its Accountability & Finance. This score reflects the organization’s strong governance and management practices, particularly its fully independent board and solid financial oversight. However, the rating also indicates areas for improvement, particularly concerning the availability and distribution of financial documentation.
Financial efficiency measures show a program expense ratio of 64.11%, suggesting a reasonable proportion of resources is dedicated to its mission-related activities. However, the organization faces challenges in fundraising efficiency, scoring low in this area. The absence of certain financial documents on its website and the lack of distributed tax forms to the board before filing point to areas that could benefit from greater transparency and adherence to best practices.
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This AI summary has been generated from information found on Charity Navigator.
Is Neighborhood Housing Services Of Toledo Inc legitimate?
Neighborhood Housing Services Of Toledo Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Housing Services Of Toledo 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: $173,681
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,333,406
For more financial information, click here
Official website here: www.nwotoledo.org
What is the mission statement of Neighborhood Housing Services Of Toledo Inc?
Neighborhood Housing Services of Toledo Inc's mission is centered around restoring and revitalizing neighborhoods, primarily for the benefit of current and future inhabitants. They achieve this by providing various services and programs that foster pride, stimulate investment, and rebuild confidence and trust within these communities. The organization's activities aim to renew the sense of belonging and inspire growth, ultimately leading to a more vibrant and trustworthy environment. Their projects focus on improving living conditions, encouraging investment, and revitalizing the community spirit. One of their initiatives is Project Warm Choice, a privately sponsored weatherization program designed to reduce monthly utility expenses for low- and moderate-income natural gas customers.
Official website here: www.nwotoledo.org
Who is the CEO of Neighborhood Housing Services Of Toledo Inc?
Farnsel William is the Executive Di of Neighborhood Housing Services Of Toledo Inc.
Official website here: www.nwotoledo.org
What is the revenue of Neighborhood Housing Services Of Toledo Inc?
Neighborhood Housing Services Of Toledo Inc's revenue in 2022 was $7,088,067.
Official website here: www.nwotoledo.org
Who are the executives of Neighborhood Housing Services Of Toledo Inc and what are their salaries?
The average compensation at Neighborhood Housing Services Of Toledo Inc during 2022 was $38,539. There are 91 employees at Neighborhood Housing Services Of Toledo Inc.
Here are 22 key members and their salaries:
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Official website here: www.nwotoledo.org
Where can I find the form 990 for Neighborhood Housing Services Of Toledo Inc?
Neighborhood Housing Services Of Toledo Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nwotoledo.org
Learn more at the official website: www.nwotoledo.org
Mission Statement of Neighborhood Housing Services Of Toledo Inc
Neighborhood Housing Services of Toledo Inc is committed to restoring and revitalizing its neighborhoods, primarily for the benefit of current and future inhabitants. Through the provision of services and programs, this nonprofit aims to renew pride, stimulate investment, and restore confidence and trust within the communities. The organization's mission is to revitalize these neighborhoods, ensuring a better living environment for the community members. By offering various initiatives, Neighborhood Housing Services of Toledo Inc strives to enhance the overall quality of life, fostering a sense of pride and trust among the inhabitants.
In this pursuit, the nonprofit has launched Project Warm Choice, a privately sponsored weatherization program. This program targets low and moderate-income natural gas customers, aiming to reduce their monthly utility expenses. Neighborhood Housing Services of Toledo Inc's weatherization program focuses on energy efficiency measures, helping families save money and making their homes more comfortable. By implementing such initiatives, the nonprofit not only helps individuals and families manage their budgets better but also contributes to the overall well-being of the community. The organization's mission to revitalize neighborhoods is further strengthened through programs like Project Warm Choice, which directly impacts the lives of those living in these areas.
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Impact
October, 2024
Neighborhood Housing Services of Toledo Inc. plays a crucial role in restoring and revitalizing neighborhoods, directly benefiting the current and future inhabitants of the area. By offering services and programs that renew pride among residents, the organization fosters a sense of community and belonging. This positive transformation stimulates investment in the neighborhoods, encouraging both private investment and community engagement, which are essential for sustainable growth.
One of the key initiatives, Project Warm Choice, addresses the needs of low and moderate-income households by providing weatherization assistance. This program focuses on reducing utility costs for natural gas customers, thereby improving overall financial stability for families. By making homes more energy-efficient, the project not only reduces monthly utility bills but also enhances the comfort and safety of the living environment.
Through these efforts, Neighborhood Housing Services of Toledo Inc. restores confidence and trust in the neighborhoods, helping to create a vibrant and resilient community where residents take pride in their homes and surroundings. The impact is felt not only in economic terms but also in the enhanced quality of life for individuals and families.
This information is meant to be a general summary of Neighborhood Housing Services Of Toledo 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: $210,310
- Program Service Revenue: $47,870
- Gross Receipts: $7,112,624
Assets and Liabilities:
- Total Assets: $12,988,425
- Total Liabilities: $6,108,495
- Net Assets: $6,879,930
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUPPORTING SERVICE
Revenue
$29,200
DOE/HHS
Revenue
$11,408
WEATHERIZATION
Revenue
$4,301
NEIGHBORHOOD REINVESTMENT
Revenue
$1,992
STATE FARM INSURANCE
Revenue
$843
Organization Details
Founding Year
1978
Phone
(419) 691-2900Principal Officer
Farnsel William
Main Address
704 SECOND STREET, TOLEDO, OH, 43605
Website
www.nwotoledo.orgNTEE Category
Code: L80 - Housing
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