Overview
What is Neighborhood Housing Services Of The Black Hills Inc?
Neighborhood Housing Services of the Black Hills Inc, often referred to as NeighborWorks Dakota Home Resources, is a dedicated nonprofit organization based in Deadwood, South Dakota. The primary mission of this organization is to assist in providing decent, safe, and affordable housing, as well as revitalizing neighborhoods to enhance the overall quality of life in the community. The nonprofit offers a variety of programs under its Campaign for Homeownership umbrella. These include homebuyer education, one-on-one counseling, post-purchase education, foreclosure prevention counseling, financial fitness education, and lending services. Homebuyer education classes introduce potential homebuyers to the homebuying process, while counseling sessions provide personalized guidance on financing options and budgeting. Post-purchase classes help new and existing homeowners maintain their homes, and foreclosure prevention counseling assists homeowners in preventing foreclosure. Financial fitness education equips homeowners with financial literacy skills, and the lending services provide affordable loan assistance for low- to moderate-income families. Neighborhood Housing Services of the Black Hills Inc also manages a revolving loan fund, offering down payment and closing cost assistance for first-time homebuyers. In addition to these services, the organization owns two apartment buildings with 40 rental units, contributing to the provision of affordable housing in the community. Overall, Neighborhood Housing Services of the Black Hills Inc plays a significant role in addressing housing needs and improving the quality of life in the region.
Official website here: www.neighborworksdhr.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%
Neighborhood Housing Services Of The Black Hills Inc has received a high rating of 96%, securing a Four-Star out of Four Stars designation from Charity Navigator. This score reflects the organization's strong accountability and financial practices, which are crucial for maintaining donor trust and ensuring effective use of resources.
The nonprofit boasts a fully independent board, with 100% of its members adhering to this standard, and maintains a robust financial oversight structure. There are no reported material diversions of assets, and the organization has comprehensive policies in place, including conflict of interest and whistleblower protections. These factors contribute to its commendable financial health, evidenced by a low liabilities-to-assets ratio.
Despite its strengths, further insights into specific program outcomes and community impact could enhance the understanding of its effectiveness. However, the overall performance metrics indicate a well-managed organization committed to transparency and responsible stewardship of funds.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Neighborhood Housing Services Of The Black Hills Inc?
100% of 8 reviewers on Facebook recommend Neighborhood Housing Services Of The Black Hills Inc. Here is a summary of their reviews:
Supporters appreciate the nonprofit's commitment to community development and empowerment. Many feel that the organization plays a vital role in improving housing accessibility and enhancing the quality of life in their area.
Overall, individuals express a strong sense of satisfaction with the services provided, highlighting the organization's effectiveness in fulfilling its mission.
This AI summary has been generated from reviews found on Facebook.
Is Neighborhood Housing Services Of The Black Hills Inc legitimate?
Neighborhood Housing Services Of The Black Hills Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Housing Services Of The Black Hills 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: $82,258
Professional Fundraising Fees: $0
Other Salaries and Wages: $283,822
For more financial information, click here
Official website here: www.neighborworksdhr.org
What is the mission statement of Neighborhood Housing Services Of The Black Hills Inc?
Neighborhood Housing Services of The Black Hills Inc is dedicated to assisting in providing decent, safe, and affordable housing, aiming to revitalize neighborhoods and enhance the quality of life in communities. Under their Campaign for Homeownership, they implement programs to remove barriers for potential homebuyers, offering education and counseling sessions on budgeting, credit, loans, and home inspections. They provide one-on-one counseling and post-purchase classes to help homeowners maintain their homes and prevent foreclosure. Through their subsidiary, Neighborhood Lending Services LLC, they offer flexible loan products for low-to-moderate income families, with a focus on providing down payment and closing cost assistance. The organization also manages two apartment buildings with a total of 40 rental units.
Official website here: www.neighborworksdhr.org
Who is the CEO of Neighborhood Housing Services Of The Black Hills Inc?
Mike Walker is the Executive Di of Neighborhood Housing Services Of The Black Hills Inc.
Official website here: www.neighborworksdhr.org
What is the revenue of Neighborhood Housing Services Of The Black Hills Inc?
Neighborhood Housing Services Of The Black Hills Inc's revenue in 2022 was $2,029,315.
Official website here: www.neighborworksdhr.org
Who are the executives of Neighborhood Housing Services Of The Black Hills Inc and what are their salaries?
The average compensation at Neighborhood Housing Services Of The Black Hills Inc during 2022 was $28,160. There are 13 employees and 214 volunteers at Neighborhood Housing Services Of The Black Hills Inc.
Here are 13 key members and their salaries:
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Official website here: www.neighborworksdhr.org
Where can I find the form 990 for Neighborhood Housing Services Of The Black Hills Inc?
Neighborhood Housing Services Of The Black Hills Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.neighborworksdhr.org
Learn more at the official website: www.neighborworksdhr.org
Mission Statement of Neighborhood Housing Services Of The Black Hills Inc
Neighborhood Housing Services of the Black Hills Inc is dedicated to assisting in the provision of decent, safe, and affordable housing, with the ultimate goal of improving the quality of life in communities. This mission is achieved through various initiatives, one of which is the Campaign for Homeownership. Under this umbrella, the organization removes barriers preventing potential homebuyers from achieving homeownership, maintaining their homes, and staying in their homes. Neighborhood Housing Services of the Black Hills Inc is recognized as a HUD counseling agency and a Community Housing Development Organization with the state of South Dakota, adhering to the national industry standards for homeownership education and counseling.
The organization offers comprehensive homeownership education, introducing potential homebuyers to the homebuying process and their role in it. Local professionals volunteer their time to offer training on budgeting, credit, types of loans, predatory lending, home inspections, and the roles of various housing partners. The class provides eight hours of intense, interactive housing education. Homebuyer counseling is also provided, offering one-on-one counseling to potential homebuyers regarding their specific financial situations. Counselors discuss financing options, review credit, answer questions, and develop a plan of action.
Post-purchase education classes are hands-on, assisting new and existing homeowners in maintaining their homes. Annual routine maintenance, being a good neighbor, and recognizing predatory lending are discussed at each class. Foreclosure prevention counseling is another service offered, providing one-on-one counseling to homeowners to prevent foreclosure, assisting with budgeting and working with creditors. Clients receive complete foreclosure intervention and default counseling with mortgage mitigation assistance. Financial fitness education is also provided, offering potential and existing homeowners financial literacy knowledge and skills through a credit counseling class, resulting in a personalized working budget for each household.
In addition to education, Neighborhood Housing Services of the Black Hills Inc manages a revolving loan fund, formed in 2002 as a subsidiary, Neighborhood Lending Services, LLC. The organization is certified as a Community Development Financial Institution (CDFI) by the U.S. Department of the Treasury. Neighborhood Lending Services, LLC offers flexible lending products for low to moderate income families, focusing on providing down payment and closing costs assistance for first-time homebuyers. Other loan products include rehabilitation loans and participation loans with USDA Rural Development.
Property management is another aspect of Neighborhood Housing Services of the Black Hills Inc's mission. The organization owns two apartment buildings with a total of 40 rental units.
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Impact
July, 2024
Neighborhood Housing Services Of The Black Hills Inc's impact is significant in assisting in providing decent, safe, and affordable housing and revitalizing neighborhoods to improve the quality of life in the community. Through their various programs under the Campaign for Homeownership, the organization helps remove barriers that prevent potential homebuyers from achieving homeownership, maintaining their homes, and staying in their homes.
They offer services such as homebuyer education, counseling, post-purchase education, foreclosure prevention counseling, and financial fitness education. These programs empower individuals with the necessary knowledge and skills to make informed decisions regarding homeownership and financial stability.
Additionally, Neighborhood Housing Services Of The Black Hills Inc operates Neighborhood Lending Services, LLC, which provides lending opportunities, including down payment and closing costs assistance, rehabilitation loans, and participation loans for low to moderate-income families and first-time homebuyers.
Through their property management services, the organization also owns and manages rental units, contributing to providing affordable housing options in the community. Overall, their comprehensive approach to housing and community revitalization makes a positive impact on the lives of individuals and the overall neighborhood development.
This information is meant to be a general summary of Neighborhood Housing Services Of The Black Hills 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: $9,177
- Program Service Revenue: $284,466
- Gross Receipts: $2,369,102
Assets and Liabilities:
- Total Assets: $5,505,279
- Total Liabilities: $1,656,576
- Net Assets: $3,848,703
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$97,165
CONSTRUCTION MANAGEMENT FEES
Revenue
$70,879
CONTRACT SERVICES
Revenue
$60,335
INTEREST ON LOANS
Revenue
$55,825
MISCELLANEOUS PROGRAMS
Revenue
$262
Organization Details
Founding Year
1992
Phone
(605) 578-1401Principal Officer
Mike Walker
Main Address
795 MAIN STREET, DEADWOOD, SD, 577321012
Website
www.neighborworksdhr.orgNTEE Category
Code: L21Z - Housing
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