Overview
What is Neighborhood Housing Opportunities Inc?
Neighborhood Housing Opportunities Inc, located in Memphis, Tennessee, is a nonprofit organization committed to assisting low-income and working families transition from subsidized housing to homeownership. The organization provides financial counseling services to aid in this transition and also serves as the general contractor for Neighborhood Housing Opportunities Management, Inc. With a small team of dedicated individuals, Neighborhood Housing Opportunities Inc strives to empower families to secure a more stable and independent living situation.
Is Neighborhood Housing Opportunities Inc legitimate?
Neighborhood Housing Opportunities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Housing Opportunities 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $56,875
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What is the mission statement of Neighborhood Housing Opportunities Inc?
Neighborhood Housing Opportunities Inc is dedicated to assisting low-income working families transition from subsidized housing to homeownership. The organization's mission is to provide these families with the necessary support and resources to achieve this goal. In addition to facilitating homeownership, Neighborhood Housing Opportunities Inc offers financial counseling services to help families manage their finances effectively. The organization also serves as the general contractor for Neighborhood Housing Opportunities Management, Inc., furthering its commitment to affordable housing solutions.
Who is the CEO of Neighborhood Housing Opportunities Inc?
Howard Eddings Jr is the Trustee of Neighborhood Housing Opportunities Inc. The CEO's salary of Neighborhood Housing Opportunities Inc is $0 and their total compensation is $0.
What is the revenue of Neighborhood Housing Opportunities Inc?
Neighborhood Housing Opportunities Inc's revenue in 2022 was $152,646.
Who are the executives of Neighborhood Housing Opportunities Inc and what are their salaries?
The average compensation at Neighborhood Housing Opportunities Inc during 2022 was $56,875. There is 1 employee at Neighborhood Housing Opportunities Inc.
Here are 5 key members and their salaries (Neighborhood Housing Opportunities Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Neighborhood Housing Opportunities Inc?
Neighborhood Housing Opportunities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Neighborhood Housing Opportunities Inc
Neighborhood Housing Opportunities Inc is committed to aiding the working poor in their transition from subsidized or low-income housing to home ownership. This mission is at the heart of the organization's activities, aiming to empower families who are currently residing in such housing situations to become homeowners. The organization provides essential financial counseling services to these families, guiding them through the process of homeownership. Additionally, Neighborhood Housing Opportunities Inc serves as the general contractor for Neighborhood Housing Opportunities Management, Inc., further supporting its mission to help the working poor achieve homeownership.
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Impact
October, 2024
Neighborhood Housing Opportunities Inc significantly impacts the lives of working poor families by facilitating their transition from subsidized or low-income housing to home ownership. By providing financial counseling services, the organization equips families with the knowledge and resources necessary for managing their finances and navigating the complexities of home buying. In doing so, it empowers these families to achieve a stable and sustainable living situation, helping to break cycles of poverty and fostering a sense of community and belonging. Additionally, serving as the general contractor for local housing developments enables the organization to ensure quality and accessibility in the homes it helps to create, ultimately enhancing the overall neighborhood environment in Memphis, TN.
This information is meant to be a general summary of Neighborhood Housing Opportunities 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.
- Program Service Revenue: $152,646
- Gross Receipts: $152,646
Assets and Liabilities:
- Total Assets: $656,626
- Total Liabilities: $576,649
- Net Assets: $79,977
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GENERAL CONTRACTOR FOR
Revenue
$147,749
ASSOCIATION DUES
Revenue
$4,897
Organization Details
Founding Year
1989
Phone
(901) 350-0662Principal Officer
Howard Eddings Jr
Main Address
P O BOX 140666, MEMPHIS, TN, 38114
NTEE Category
Code: L800 - Housing
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