Overview
What is Neighborhood Housing Services Of Minneapolis Inc?
Neighborhood Housing Services of Minneapolis Inc is a nonprofit organization, situated at 1930 Glenwood Ave, Minneapolis, MN 55405. Their primary mission is to foster neighborhood stability through sustainable homeownership. In 2022, they collaborated with community partners and borrowers to minimize their lending services and devise strategies for underperforming loans. Notably, they collaborated with the Northside Residents Redevelopment Council to provide the final home improvement and closing costs assistance loans for residents in the Willard Hay and Near North neighborhoods before concluding their contract in December. The organization's work encompasses providing lending, post-purchase training, and counseling, as well as developmental services to prospective and current residents in specifically targeted neighborhoods of North and South Minneapolis, Minnesota.
Official website here: www.clclt.org
Is Neighborhood Housing Services Of Minneapolis Inc legitimate?
Neighborhood Housing Services Of Minneapolis Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Housing Services Of Minneapolis 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.
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Official website here: www.clclt.org
What is the mission statement of Neighborhood Housing Services Of Minneapolis Inc?
Neighborhood Housing Services of Minneapolis Inc is an organization committed to promoting sustainable home ownership. Specifically, they focus on targeted neighborhoods in Minneapolis, Minnesota. Their mission is achieved by offering lending services, post-purchase training, and counseling, as well as developmental services to both prospective and current homeowners. The organization aims to help individuals secure and maintain stable homeownership, thereby contributing to the overall stability of the neighborhoods they serve. In 2022, they worked with community partners and borrowers to strategically reduce lending services and address underperforming loans, demonstrating their commitment to finding effective solutions for homeowners.
Official website here: www.clclt.org
What is the revenue of Neighborhood Housing Services Of Minneapolis Inc?
Neighborhood Housing Services Of Minneapolis Inc's revenue in 2023 was $83,794.
Official website here: www.clclt.org
Who are the executives of Neighborhood Housing Services Of Minneapolis Inc and what are their salaries?
There 15 volunteers at Neighborhood Housing Services Of Minneapolis Inc.
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Official website here: www.clclt.org
Where can I find the form 990 for Neighborhood Housing Services Of Minneapolis Inc?
Neighborhood Housing Services Of Minneapolis Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.clclt.org
Learn more at the official website: www.clclt.org
Mission Statement of Neighborhood Housing Services Of Minneapolis Inc
Neighborhood Housing Services of Minneapolis Inc, abbreviated as NHS, is committed to fostering neighborhood stability by promoting sustainable homeownership. This mission is carried out in specifically designated neighborhoods of North and South Minneapolis, Minnesota. NHS achieves this goal by offering various services to prospective and existing homeowners. These services include providing lending, post-purchase training and counseling, and developmental assistance. By doing so, NHS aims to empower residents to become successful homeowners, thereby contributing to the overall stability of their communities. In 2022, NHS collaborated with community partners and borrowers to strategically reduce lending services and develop solutions for underperforming loans. This proactive approach demonstrates NHS's commitment to ensuring the long-term success of homeownership in the communities it serves.
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Impact
October, 2024
Neighborhood Housing Services of Minneapolis Inc. significantly impacts the community by promoting neighborhood stabilization through sustainable homeownership. In 2022, the organization worked closely with community partners and borrowers to address the challenges of underperforming loans, thereby contributing to the financial health of local residents.
One key initiative involved collaboration with the Northside Residents Redevelopment Council, where NHS provided crucial home improvement and closing cost assistance loans for residents in the Willard Hay and Near North neighborhoods. This support not only enabled families to maintain and invest in their homes but also fostered a sense of community pride and stability.
By offering lending services, post-purchase training, and counseling, NHS empowers both prospective and current homeowners, ensuring they have the resources and knowledge necessary for long-term success. This comprehensive approach helps transform targeted neighborhoods in North and South Minneapolis, leading to stronger, more resilient communities.
This information is meant to be a general summary of Neighborhood Housing Services Of Minneapolis 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: $46,464
- Program Service Revenue: $37,190
- Gross Receipts: $83,794
Assets and Liabilities:
- Total Assets: $3,062,961
- Total Liabilities: $258,844
- Net Assets: $2,804,117
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$24,619
SERVICE AND ORIGINATIO
Revenue
$7,571
RECOVERY OF LOAN/GRANT
Revenue
$5,000
Organization Details
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