Overview
What is Neighborhood Housing Services Of Beloit Inc?
Neighborhood Housing Services of Beloit Inc is a nonprofit organization situated in Beloit, Wisconsin. Their primary mission is to empower individuals and families to make informed housing choices, advocating for their well-being. They offer various programs and services, such as affordable housing options for new and existing homeowners, providing education on home buying, maintenance, and financial literacy. Loans for down payment assistance and repairs are also available. In addition, they offer counseling for foreclosure prevention, credit management, and reverse mortgages. The organization is actively involved in community development, with projects including purchase rehabs, new construction, and transitional housing for men. Their work aims to transform lives and build a stronger Beloit community. As of the provided information, they have a team of seven dedicated employees.
Official website here: www.nwblackhawkregion.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Neighborhood Housing Services of Beloit Inc has achieved an impressive 96% rating from Charity Navigator, reflecting a high level of accountability and financial management. This rating is based entirely on the charity's performance in accountability and finance, indicating that it adheres to stringent regulatory standards and best practices.
The organization boasts a fully independent board, which is a positive aspect as it suggests strong governance and reduced conflict of interest. Additionally, they have implemented sound financial oversight mechanisms, such as an audit committee and robust policies for whistleblowing, document retention, and conflict of interest, all contributing to their financial integrity. Their program expense ratio is notably high at 77.37%, indicating that a significant portion of their resources is directed towards their mission-related activities.
While the ratings highlight numerous strengths, it is essential for potential donors to consider the context of the charity's operations and the community it serves. No specific limitations are noted in the data, which suggests a solid operational framework. Overall, the organization's strong financial practices and governance structure make it a commendable choice for supporting housing services in Beloit.
This AI summary has been generated from information found on Charity Navigator.
Is Neighborhood Housing Services Of Beloit Inc legitimate?
Neighborhood Housing Services Of Beloit Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Housing Services Of Beloit 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: $76,336
Professional Fundraising Fees: $0
Other Salaries and Wages: $199,369
For more financial information, click here
Official website here: www.nwblackhawkregion.org
What is the mission statement of Neighborhood Housing Services Of Beloit Inc?
Neighborhood Housing Services of Beloit Inc. is committed to transforming lives and communities by advocating for and empowering individuals and families to make informed housing choices. Their mission is achieved through various programs that support home ownership, residents, and community development. The organization offers high-quality housing, lending, and educational opportunities and resources, including affordable housing for new and existing homeowners, down payment assistance and repair loans, counseling for foreclosure prevention and credit management, and purchase rehabs and new construction in targeted neighborhoods. Furthermore, they provide transitional housing for men, aiming to improve the housing landscape and community development.
Official website here: www.nwblackhawkregion.org
What is the revenue of Neighborhood Housing Services Of Beloit Inc?
Neighborhood Housing Services Of Beloit Inc's revenue in 2023 was $585,692.
Official website here: www.nwblackhawkregion.org
Who are the executives of Neighborhood Housing Services Of Beloit Inc and what are their salaries?
The average compensation at Neighborhood Housing Services Of Beloit Inc during 2023 was $45,951. There are 6 employees and 14 volunteers at Neighborhood Housing Services Of Beloit Inc.
Here are 6 key members and their salaries:
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- Compensation: $76,336
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Official website here: www.nwblackhawkregion.org
Where can I find the form 990 for Neighborhood Housing Services Of Beloit Inc?
Neighborhood Housing Services Of Beloit Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nwblackhawkregion.org
Learn more at the official website: www.nwblackhawkregion.org
Mission Statement of Neighborhood Housing Services Of Beloit Inc
Neighborhood Housing Services of Beloit Inc, in its mission, strives to improve lives and communities by advocating for and empowering individuals and families to make informed housing choices. This nonprofit organization is dedicated to building the Beloit, Wisconsin community through various programs that support home ownership, residents, and community development.
NHS offers high-quality housing, lending, and educational opportunities and resources. Their initiatives encompass affordable housing for both new and existing homeowners, providing them with education on home buying, maintenance, and financial literacy. The organization also offers loans for down payment assistance and repairs, as well as counseling services for foreclosure prevention, credit management, and reverse mortgages.
In addition to these services, Neighborhood Housing Services of Beloit Inc engages in home rehabilitation projects, including purchase rehabs and new construction, in targeted neighborhoods. To cater to those in need of temporary housing, the nonprofit also offers transitional housing for men. By focusing on these areas, Neighborhood Housing Services of Beloit Inc works towards creating a stronger, more supportive community where individuals and families have access to the resources they need to thrive.
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Impact
July, 2024
Neighborhood Housing Services of Beloit Inc has a significant impact on the Beloit community by advocating for and empowering individuals and families to make informed housing choices. Through their programs, they provide affordable housing options for new and existing homeowners, offer education on home buying and maintenance, financial literacy, loans for down payment assistance and repairs, counseling for foreclosure prevention, credit, and reverse mortgages, as well as purchase rehabs and new construction in target neighborhoods. Additionally, they provide transitional housing for men in need. By offering these services, Neighborhood Housing Services of Beloit Inc plays a crucial role in building the Beloit community and supporting home ownership, residents, and overall community development.
This information is meant to be a general summary of Neighborhood Housing Services Of Beloit 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: $13,634
- Program Service Revenue: $296,910
- Gross Receipts: $625,192
Assets and Liabilities:
- Total Assets: $1,460,721
- Total Liabilities: $47,135
- Net Assets: $1,413,586
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$214,004
HOME BUYER EDUCATION F
Revenue
$40,450
CLASS REGISTRATION FEE
Revenue
$16,939
HAP ADMIN FEE
Revenue
$14,745
MISCELLANEOUS INCOME
Revenue
$5,693
Organization Details
Founding Year
1979
Principal Officer
Joy Bosco
Website
www.nwblackhawkregion.orgNTEE Category
Code: L80Z - Housing
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