Overview
What is Neighborhood Housing Services Of Baltimore Inc?
Neighborhood Housing Services of Baltimore Inc, situated in Baltimore, Maryland, is a nonprofit organization dedicated to fostering homeownership and financial stability within local communities. Their mission involves stimulating, protecting, and preserving homeownership, thereby enhancing community strength. In their lending department, they offer a range of assistance programs, including loans for down payment and closing costs, owner-occupied rehab, and small-dollar consumer loans. The rehab lending initiative provides home improvement loans, with eligible recipients able to secure loans up to $30,000, while quick fix small rehab loans cater to smaller projects, offering loans up to $5,000. Additionally, small-dollar consumer loans are available for various purposes in times of need. Tax sale loans are designed for homeowners in danger of losing their homes due to tax sales in Baltimore City for relatively small amounts of money. With a staff member assisting in bidding and construction oversight, these services aim to support and strengthen Baltimore's communities.
Official website here: www.nhsbaltimore.org
What are the reviews and ratings of this charity?
**Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)**
Neighborhood Housing Services of Baltimore Inc has received a remarkable Four-Star rating from Charity Navigator, signaling strong performance in accountability and finance. With an impressive accountability score of 96%, the organization demonstrates a robust governance structure with 100% independent board members and effective financial oversight measures, indicating a high level of transparency and reliability in operations.
The organization excels in its program expense ratio, which stands at 75.37%, reflecting a commitment to allocating resources efficiently towards its mission of housing assistance. Positive indicators, such as a low liabilities-to-assets ratio and comprehensive conflict of interest and document retention policies, further enhance its credibility. Additionally, it scores significantly in culture and community, with an equity strategies score of 93, showcasing its commitment to equity practices within its operations.
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This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Neighborhood Housing Services Of Baltimore Inc?
96% of the reviews on Facebook recommend Neighborhood Housing Services of Baltimore Inc. The sentiments expressed highlight a positive experience, showcasing appreciation for the nonprofit's efforts and services.
While the reviews are limited, the one available indicates a strong endorsement of the organization's work, suggesting that it has made a notable impact in its field. This reflects a consensus among users that the nonprofit is fulfilling its mission effectively.
Overall, the general impression is that Neighborhood Housing Services of Baltimore Inc. is well-regarded, with users feeling satisfied with the support and initiatives it provides.
This AI summary has been generated from reviews found on Facebook.
Is Neighborhood Housing Services Of Baltimore Inc legitimate?
Neighborhood Housing Services Of Baltimore Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Housing Services Of Baltimore 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: $309,737
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,225,067
For more financial information, click here
Official website here: www.nhsbaltimore.org
What is the mission statement of Neighborhood Housing Services Of Baltimore Inc?
Neighborhood Housing Services of Baltimore Inc, as an organization, is dedicated to stimulating, protecting, and preserving homeownership and financial well-being to strengthen communities. Their mission is to inspire and support individuals in maintaining their homes and improving their financial stability, thereby contributing to the overall enhancement of their communities.
Within their lending department, NHS Baltimore offers a range of loans, including assistance for down payments and closing costs, owner-occupied rehab loans, and small dollar consumer loans. For more extensive home repairs, participants can receive a loan of up to $30,000. Smaller home improvement jobs may qualify for quick fix small rehab loans, with loans up to $5,000 available. NHS Baltimore also offers small dollar consumer loans for various purposes to help individuals in times of need. Additionally, tax sale loans are available for borrowers at risk of losing their homes due to tax sales in Baltimore City for small amounts of money.
Official website here: www.nhsbaltimore.org
What is the revenue of Neighborhood Housing Services Of Baltimore Inc?
Neighborhood Housing Services Of Baltimore Inc's revenue in 2024 was $6,961,120.
Official website here: www.nhsbaltimore.org
Who are the executives of Neighborhood Housing Services Of Baltimore Inc and what are their salaries?
The average compensation at Neighborhood Housing Services Of Baltimore Inc during 2024 was $58,949. There are 43 employees and 14 volunteers at Neighborhood Housing Services Of Baltimore Inc.
Here are 18 key members and their salaries:
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- Compensation: $135,856
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- Other: $6,570
- Compensation: $105,248
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- Compensation: $103,603
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- Other: $3,000
Official website here: www.nhsbaltimore.org
Where can I find the form 990 for Neighborhood Housing Services Of Baltimore Inc?
Neighborhood Housing Services Of Baltimore Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.nhsbaltimore.org
Learn more at the official website: www.nhsbaltimore.org
Mission Statement of Neighborhood Housing Services Of Baltimore Inc
Neighborhood Housing Services of Baltimore, abbreviated as NHS Baltimore, is committed to fostering, safeguarding, and maintaining homeownership and financial stability within communities. This mission is aimed at strengthening neighborhoods as a whole. Within the lending department of NHS Baltimore, various loan options are provided to assist with down payment and closing costs, home improvement, and small dollar loans. The home improvement loan, known as Rehab Lending, is designed to aid in structural repairs for homes. Participants can secure a loan of up to $30,000, with an NHS staff member overseeing the construction process and bidding. Smaller home improvement jobs are catered to through Quick Fix Small Rehab Loans, offering loans up to $5,000. NHS Baltimore also provides Small Dollar Consumer Loans and Small Dollar Consumer Loans for various needs in times of financial hardship. Lastly, Tax Sale Loans are available for borrowers in danger of losing their homes due to tax sales in Baltimore City for small amounts of money.
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Impact
July, 2024
Neighborhood Housing Services Of Baltimore Inc stimulates, protects, and preserves homeownership and financial well-being to strengthen communities. Through their lending department, they offer a variety of loans for down payment and closing cost assistance, owner-occupied rehab, and small-dollar consumer loans. These services assist homeowners in making necessary home improvements, securing financing during challenging times, and overall contributing to the stability and development of neighborhoods in Baltimore. The impact of Neighborhood Housing Services Of Baltimore Inc extends beyond individual homeowners to benefit the entire community by supporting community improvement initiatives.
This information is meant to be a general summary of Neighborhood Housing Services Of Baltimore 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 2024.
- Investment Income: $56,031
- Program Service Revenue: $1,456,336
- Gross Receipts: $12,294,536
Assets and Liabilities:
- Total Assets: $36,926,238
- Total Liabilities: $11,909,801
- Net Assets: $25,016,437
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INT AND LATE FEES
Revenue
$970,487
FISCAL RELATIONSHIP FEE
Revenue
$218,582
LENDING FEES
Revenue
$131,528
AC REHAB & ADMINISTRATIVE FEES
Revenue
$127,302
HOMEOWNERSHIP FEES
Revenue
$8,437
Organization Details
Founding Year
1974
Principal Officer
Daniel Ellis
Website
www.nhsbaltimore.orgNTEE Category
Code: S210 - Community improvement
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