Overview
What is Community Neighborhood Housing Services?
Community Neighborhood Housing Services, operating under the name NeighborWorks Home Partners, is a nonprofit organization based in Saint Paul, Minnesota. Their primary focus is to provide financial assistance and home improvement loans to low-to-moderate-income families who may not qualify for such funds from traditional lending institutions. In fiscal year 2022, they provided 153 down payment loans totaling $2,138,000 and 68 home repair loans totaling $1,691,393. Beyond financial aid, they offer foreclosure prevention services, homebuyer education, and refinance counseling in the seven-county Saint Paul/Minneapolis metro area, with a special emphasis on Saint Paul. Their mission is to enhance homeownership opportunities for residents in the Twin Cities area.
Official website here: www.nwhomepartners.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star Rating
Community Neighborhood Housing Services has achieved an impressive Four-Star rating from Charity Navigator, indicating a strong performance in accountability and financial health. This high score reflects the organization’s commitment to transparency and sound financial practices, with a perfect score in several key areas, including independent board membership and the presence of essential governance policies.
The organization's financial management is notable, with a low liabilities to assets ratio of 7.91%, suggesting stability and effective oversight of resources. Additionally, a program expense ratio of 77.67% demonstrates that a significant portion of its budget is directed towards its mission-driven programs, emphasizing its focus on community service rather than administrative costs.
While the ratings highlight numerous strengths, continuous monitoring of financial practices and community impact will be essential for maintaining this level of excellence. Overall, Community Neighborhood Housing Services stands out as a responsible steward of resources, committed to serving its community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Community Neighborhood Housing Services legitimate?
Community Neighborhood Housing Services is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Neighborhood Housing Services 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: $314,904
Professional Fundraising Fees: $0
Other Salaries and Wages: $919,370
For more financial information, click here
Official website here: www.nwhomepartners.org
What is the mission statement of Community Neighborhood Housing Services?
Community Neighborhood Housing Services focuses on providing various housing-related services in their local area. Their mission includes offering foreclosure prevention assistance, home improvement loans, and new homeowner education. They have a special emphasis on helping low-to-moderate income residents, particularly in the city where they are based. Their activities extend to one-on-one pre-purchase homebuyer education and counseling, refinance counseling, foreclosure counseling, as well as providing home improvement and down payment assistance loans. Their community lending program aims to assist low-to-moderate-to-middle income families who might not qualify for such funds from traditional lending institutions. In fiscal year 2022, they offered 153 down payment loans totaling $2,138,000 and 68 home repair loans totaling $1,691,393.
Official website here: www.nwhomepartners.org
Who is the CEO of Community Neighborhood Housing Services?
Jason Peterson is the President of Community Neighborhood Housing Services.
Official website here: www.nwhomepartners.org
What is the revenue of Community Neighborhood Housing Services?
Community Neighborhood Housing Services's revenue in 2022 was $2,887,334.
Official website here: www.nwhomepartners.org
Who are the executives of Community Neighborhood Housing Services and what are their salaries?
The average compensation at Community Neighborhood Housing Services during 2022 was $53,664. There are 23 employees and 76 volunteers at Community Neighborhood Housing Services.
Here are 18 key members and their salaries:
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- Compensation: $104,387
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- Other: $15,016
Official website here: www.nwhomepartners.org
Where can I find the form 990 for Community Neighborhood Housing Services?
Community Neighborhood Housing Services's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nwhomepartners.org
Learn more at the official website: www.nwhomepartners.org
Mission Statement of Community Neighborhood Housing Services
Community Neighborhood Housing Services, a nonprofit organization, is committed to providing foreclosure prevention, home improvement loans, and new homeowner education in the seven-county Saint Paul/Minneapolis metropolitan area. Their mission is particularly focused on the city of Saint Paul, with a special program emphasis in this area.
The organization offers a range of services to low-to-moderate income residents of the Twin Cities 7-county metro area. This includes one-on-one and group pre-purchase homebuyer education and counseling, one-on-one refinance counseling, and one-on-one foreclosure counseling. In addition, Community Neighborhood Housing Services provides home improvement and down payment assistance loans to help eligible families secure homes they might not have been able to afford otherwise.
In fiscal year 2022, the nonprofit provided 153 down payment loans, totaling $2,138,000, and 68 home repair loans, amounting to $1,691,393. These loans are designed to assist families who fall within the low-to-moderate-to-middle income bracket, as defined by the U.S. Department of Housing and Urban Development (HUD). By providing these essential services, Community Neighborhood Housing Services aims to make homeownership more attainable for those who might otherwise struggle in the traditional lending market.
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Impact
July, 2024
Community Neighborhood Housing Services has a significant impact on the Saint Paul/Minneapolis metro area by providing foreclosure prevention, home improvement loans, and new homeowner education services. Their community lending program offers down payment assistance and home repair loans to low-to-moderate-to-middle-income families who may not qualify for funds from traditional lending institutions. In the fiscal year 2022 alone, 153 down payment loans totaling $2,138,000 and 68 home repair loans totaling $1,691,393 were provided. This organization plays a crucial role in empowering residents to achieve homeownership and maintain their properties, ultimately contributing to the stability and vitality of the community.
This information is meant to be a general summary of Community Neighborhood Housing Services. 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: $31,380
- Program Service Revenue: $279,383
- Gross Receipts: $2,887,334
Assets and Liabilities:
- Total Assets: $17,714,539
- Total Liabilities: $1,402,727
- Net Assets: $16,311,812
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$96,102
CONTRACTS
Revenue
$78,692
LOAN SERVICING
Revenue
$45,783
GRANT/LOAN REPAYMENTS
Revenue
$38,667
OTHER REVENUE
Revenue
$20,139
Organization Details
Founding Year
1981
Phone
(651) 292-8710Principal Officer
Jason Peterson
Main Address
533 DALE STREET NORTH, SAINT PAUL, MN, 55103
Website
www.nwhomepartners.orgNTEE Category
Code: L25Z - Housing
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