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Nb Housing Partners

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 461955404 ✦ New braunfels, TX ✦ Designated as a 501(c)(3)

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Overview

What is Nb Housing Partners?

Nb Housing Partners is a dedicated nonprofit organization situated in New Braunfels, Texas, with a mission to eliminate barriers to the creation of affordable and accessible housing opportunities for residents facing housing instability. They achieve this objective by leveraging cash, real estate, and community partnerships. The organization supports the community by providing affordable housing solutions, aiming to enhance the living conditions of those in need. With a team of 16 dedicated individuals, Nb Housing Partners works tirelessly to promote housing equity and stability within the New Braunfels community.


Official website here: www.nbhousingpartners.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 88% (Three-Star out of Four Stars)

Nb Housing Partners has received a commendable Three-Star rating from Charity Navigator, based on its Accountability & Finance score. The overall score reflects strong financial practices, particularly with a program expense ratio of 91.42%, indicating that a significant majority of its expenditures directly support its programs. The organization demonstrates a solid commitment to governance with 100% independent board members and a good audit process.

Despite these strengths, there are notable limitations in the organization's policies. Nb Housing Partners is missing critical documents such as a whistleblower policy, a document retention and destruction policy, and the tax form posted on its website. These missing elements could potentially raise concerns about transparency and adherence to best practices in nonprofit governance.

Overall, while Nb Housing Partners shows strong financial management and accountability metrics, addressing the gaps in its policy documentation could enhance its reputation and operational effectiveness. Improving these areas may further bolster trust among stakeholders and the community it serves.


This AI summary has been generated from information found on Charity Navigator.

Is Nb Housing Partners legitimate?

Nb Housing Partners is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nb Housing Partners 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $477,577

For more financial information, click here


Official website here: www.nbhousingpartners.org

What is the mission statement of Nb Housing Partners?

Nb Housing Partners is committed to providing affordable and accessible housing opportunities for individuals facing housing instability. Their mission is to eliminate barriers in creating such housing opportunities by leveraging cash, real estate, and community partnerships. Through these efforts, they aim to contribute significantly to the housing landscape, ensuring that more people have access to stable and affordable living spaces.


Official website here: www.nbhousingpartners.org

Who is the CEO of Nb Housing Partners?

Michael Morrison is the Board Member of Nb Housing Partners.


Official website here: www.nbhousingpartners.org

What is the revenue of Nb Housing Partners?

Nb Housing Partners's revenue in 2022 was $1,271,980.


Official website here: www.nbhousingpartners.org

Who are the executives of Nb Housing Partners and what are their salaries?

The average compensation at Nb Housing Partners during 2022 was $29,849. There are 16 employees and 20 volunteers at Nb Housing Partners.


Here are 10 key members and their salaries:


Doy Cole (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrea Feingold (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lewis Jones (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leslie Lammers (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Morrison (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Ricker (Immediate Pa)
  • Compensation: $0
  • Related: $0
  • Other: $0
Clay Robison (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jolene Sutton (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Vargas (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Valin Woodward (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.nbhousingpartners.org

Where can I find the form 990 for Nb Housing Partners?

Nb Housing Partners's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.nbhousingpartners.org

Learn more at the official website: www.nbhousingpartners.org

Mission Statement of Nb Housing Partners

Nb Housing Partners, a nonprofit organization, is committed to providing affordable and accessible housing opportunities for individuals experiencing housing instability in their community. Their mission is to eliminate the barriers that hinder the creation of such housing opportunities, achieving this through strategic partnerships involving cash, real estate, and community resources. By supporting the development of these partnerships, Nb Housing Partners aims to expand the availability of affordable housing options, thereby contributing to the well-being and stability of their community members.

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Impact




July, 2024

Nb Housing Partners' impact is evident in the increased availability of affordable and accessible housing opportunities for residents of New Braunfels experiencing housing instability. Through the development of cash, real estate, and community partnerships, Nb Housing Partners works towards eliminating barriers to the creation of such housing options in the city. Their mission to support affordable housing aligns with the pressing need for accessible living spaces for those facing housing challenges in New Braunfels.




This information is meant to be a general summary of Nb Housing Partners. 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.

Revenue
$1,271,980 (2022)
Expenses
$1,280,002 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $1,271,980

Assets and Liabilities:

  • Total Assets: $778,433
  • Total Liabilities: $39,115
  • Net Assets: $739,318

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Organization Details

Founding Year

2013

Principal Officer

Michael Morrison

Main Address

801 WEST SAN ANTONIO ST, NEW BRAUNFELS, TX, 78130

NTEE Category

Code: L21 - Housing

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