Overview
What is Neighborhood Housing Services Of Green Bay Inc?
Neighborhood Housing Services of Green Bay Inc is a nonprofit organization dedicated to addressing the housing needs of low-income households. Based in Green Bay, Wisconsin, they operate under the name NeighborWorks Green Bay and aim to support their charitable mission to low-income populations through the management of rental housing. As of 2022, they owned and managed 250 rental units, many of which were renovated using federal grants or the Low-Income Housing Tax Credit. Nearly a quarter of these subsidized units have active restrictions requiring occupancy by low-income households. Additionally, 151 units are covered by a Housing Choice Voucher (Section 8) project-based contract for occupancy by households with incomes at or below 50% of area median income. In 2022, the organization invested $230,000 of their own funds into their residential rental properties for building system improvements and significant interior upgrades. They also took a duplex offline for renovation with a budget of approximately $125,000, with assistance from local volunteers. NeighborWorks Green Bay's mission is to be a sustainable, recognized leader in community development, housing revitalization, and innovative homeownership solutions, and they have a volunteer asset management team that provides around 84 hours of service each year.
Official website here: www.nwgreenbay.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Neighborhood Housing Services Of Green Bay Inc has received a high rating of 96% from Charity Navigator, reflecting strong performance in accountability and finance. This Four-Star rating indicates that the organization is effectively managing its resources and demonstrating transparency in its financial practices. The overall score is derived from a comprehensive evaluation of various factors, all centered around accountability and finance.
The organization excels in governance, with 100% of its board members being independent, which contributes to unbiased decision-making. It also maintains rigorous oversight through an Audit and Oversight Committee, holding high scores across all evaluated metrics. The charity demonstrates a commitment to ethical practices, evidenced by the presence of policies for conflict of interest, whistleblowing, and document retention.
While the organization shows strong financial health with a program expense ratio of 89.4%, indicating that the majority of its expenditures go directly to programs, there are no noted issues with asset diversion. This performance positions Neighborhood Housing Services Of Green Bay Inc as a reliable choice for donors who prioritize accountability and effective use of funds in their philanthropic efforts.
This AI summary has been generated from information found on Charity Navigator.
Is Neighborhood Housing Services Of Green Bay Inc legitimate?
Neighborhood Housing Services Of Green Bay Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Housing Services Of Green Bay 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: $257,481
Professional Fundraising Fees: $0
Other Salaries and Wages: $866,930
For more financial information, click here
Official website here: www.nwgreenbay.org
What is the mission statement of Neighborhood Housing Services Of Green Bay Inc?
Neighborhood Housing Services of Green Bay Inc aims to establish itself as a recognized leader in community development, housing revitalization, and innovative homeownership solutions. Their vision is to be financially stable, leverage community assets, make sound decisions, and operate as a healthy organization. The organization's mission is focused on solving housing challenges and building stronger communities.
Official website here: www.nwgreenbay.org
Who is the CEO of Neighborhood Housing Services Of Green Bay Inc?
Noel Halvorsen is the Chairperson Of The Board of Neighborhood Housing Services Of Green Bay Inc. The CEO's salary of Neighborhood Housing Services Of Green Bay Inc is $144,285 and their total compensation is $151,507.
Official website here: www.nwgreenbay.org
What is the revenue of Neighborhood Housing Services Of Green Bay Inc?
Neighborhood Housing Services Of Green Bay Inc's revenue in 2022 was $4,405,653.
Official website here: www.nwgreenbay.org
Who are the executives of Neighborhood Housing Services Of Green Bay Inc and what are their salaries?
The average compensation at Neighborhood Housing Services Of Green Bay Inc during 2022 was $41,645. There are 27 employees and 150 volunteers at Neighborhood Housing Services Of Green Bay Inc.
Here are 15 key members and their salaries (Neighborhood Housing Services Of Green Bay Inc's CEO's salary is $144,285 and their total compensation is $151,507):
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- Compensation: $144,285
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- Other: $7,222
- Compensation: $100,531
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- Other: $5,443
Official website here: www.nwgreenbay.org
Where can I find the form 990 for Neighborhood Housing Services Of Green Bay Inc?
Neighborhood Housing Services Of Green Bay Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nwgreenbay.org
Learn more at the official website: www.nwgreenbay.org
Mission Statement of Neighborhood Housing Services Of Green Bay Inc
Neighborhood Housing Services of Green Bay Inc, as a recognized leader in community development and housing revitalization, strives to solve housing challenges and build stronger communities. With a vision of financial strength and a commitment to making good decisions, the organization aims to leverage community assets to enhance its operations and impact. Neighborhood Housing Services of Green Bay Inc envisions itself as a sustainable entity, continually seeking innovative homeownership solutions to address housing needs effectively. The mission of this nonprofit is to foster a healthy organization that contributes positively to the community, helping to create a vibrant and resilient living environment for all its residents.
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Impact
July, 2024
Neighborhood Housing Services Of Green Bay Inc, through its program NEIGHBORWORKS GREEN BAY, has a significant impact on the community by addressing the housing needs of very low-income households and supporting its charitable mission to low-income populations. The organization owns and operates 250 units of rental housing, many of which have been renovated using federal grants or through the Low-Income Housing Tax Credit. Additionally, Neighborhood Housing Services Of Green Bay Inc works to improve building systems and make significant interior improvements to residential units, investing $230,000 of their own funds back into their properties in 2022.
Furthermore, the organization actively involves volunteers in its asset management team, showcasing a commitment to community engagement and participation. Through its efforts, Neighborhood Housing Services Of Green Bay Inc contributes to housing revitalization, community development, and innovative homeownership solutions in Green Bay, WI.
This information is meant to be a general summary of Neighborhood Housing Services Of Green Bay 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: $114,827
- Program Service Revenue: $2,761,075
- Gross Receipts: $4,829,575
Assets and Liabilities:
- Total Assets: $21,152,593
- Total Liabilities: $10,968,988
- Net Assets: $10,183,605
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,530,314
PROGRAM AND FEE INCOME
Revenue
$114,663
HBE & LENDING FEE INCO
Revenue
$71,788
INSPECTION AND LEAD TE
Revenue
$44,310
Organization Details
Founding Year
1982
Phone
(920) 448-3075Principal Officer
Noel Halvorsen
Main Address
437 S JACKSON STREET, GREEN BAY, WI, 54301
Website
www.nwgreenbay.orgNTEE Category
Code: L20Z - Housing
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