Overview
What is Laredo Webb Neighborhood Housing Services Inc?
Laredo Webb Neighborhood Housing Services Inc, operating under the name NeighborWorks Laredo, is a nonprofit organization situated in Laredo, Texas. Their mission is to foster and sustain affordable housing options and encourage homeownership. They achieve this by offering financial assistance, such as loans, down payment, and closing costs, to eligible individuals. Additionally, they conduct homebuyer education classes and counseling, and provide foreclosure mitigation counseling and financial capabilities workshops, including credit coaching. The organization also aims to offer affordable rental opportunities, contributing to the overall improvement of housing circumstances in the Laredo community. With a team of 11 dedicated employees, they strive to make housing more accessible and affordable for the local population.
Official website here: www.nwlaredo.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars
Laredo Webb Neighborhood Housing Services Inc has received a "Needs Improvement" rating with an overall score of 72%. This rating indicates that while the organization meets some important standards, there are areas that may require attention, particularly in its financial health and program efficiency. The organization boasts a fully independent board and strong financial oversight practices, which are positive indicators of governance.
The strengths of Laredo Webb Neighborhood Housing Services include having 100% independent board members and high scores in areas such as financial statements and conflict of interest policies. These elements suggest a commitment to ethical management and transparency. However, the program expense ratio is notably low at 50.51%, reflecting that a considerable portion of expenses may not directly support its core mission-related activities.
Despite the solid governance structure, the low program expense ratio raises concerns about the effectiveness of resource allocation. The organization has room for improvement in ensuring that more funding is directed towards its programs to enhance its impact in the community. Overall, while Laredo Webb Neighborhood Housing Services demonstrates strong accountability, enhancing its program effectiveness will be essential for boosting its rating further.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Laredo Webb Neighborhood Housing Services Inc?
98% of 23 reviewers on Facebook recommend Laredo Webb Neighborhood Housing Services Inc. Here is a summary of their reviews:
The overwhelming consensus among reviews is that the organization provides valuable and informative services, especially in relation to home purchasing education. Many participants emphasized the benefits of attending the classes offered, describing them as essential for anyone considering homeownership. Even those who are not yet ready to buy found the information helpful for future planning.
Overall, the nonprofit successfully fulfills its mission of equipping individuals with necessary knowledge and resources related to housing, earning high praise from those who have engaged with its programs.
This AI summary has been generated from reviews found on Facebook.
Is Laredo Webb Neighborhood Housing Services Inc legitimate?
Laredo Webb Neighborhood Housing Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Laredo Webb Neighborhood Housing Services 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: $359,425
For more financial information, click here
Official website here: www.nwlaredo.org
What is the mission statement of Laredo Webb Neighborhood Housing Services Inc?
Laredo Webb Neighborhood Housing Services Inc is dedicated to providing and developing affordable housing opportunities. Their mission is to promote and preserve homeownership by offering various assistance programs. These include providing loans, helping with down payments and closing costs, offering homebuyer education courses and counseling, as well as foreclosure mitigation counseling. Additionally, they conduct financial capabilities workshops, including credit coaching, and offer affordable rental opportunities. Their goal is to make homeownership more accessible and provide necessary resources to individuals in need.
Official website here: www.nwlaredo.org
Who is the CEO of Laredo Webb Neighborhood Housing Services Inc?
Elizabeth Alonzo-Villarreal is the CEO of Laredo Webb Neighborhood Housing Services Inc The CEO's salary of Laredo Webb Neighborhood Housing Services Inc is $112,174 and their total compensation is $131,976.
Official website here: www.nwlaredo.org
What is the revenue of Laredo Webb Neighborhood Housing Services Inc?
Laredo Webb Neighborhood Housing Services Inc's revenue in 2024 was $1,416,266.
Official website here: www.nwlaredo.org
Who are the executives of Laredo Webb Neighborhood Housing Services Inc and what are their salaries?
The average compensation at Laredo Webb Neighborhood Housing Services Inc during 2024 was $59,904. There are 6 employees and 12 volunteers at Laredo Webb Neighborhood Housing Services Inc.
Here are 12 key members and their salaries (Laredo Webb Neighborhood Housing Services Inc's CEO's salary is $112,174 and their total compensation is $131,976):
- 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
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $112,174
- Related: $19,802
- Other: $0
Official website here: www.nwlaredo.org
Where can I find the form 990 for Laredo Webb Neighborhood Housing Services Inc?
Laredo Webb Neighborhood Housing Services Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.nwlaredo.org
Learn more at the official website: www.nwlaredo.org
Mission Statement of Laredo Webb Neighborhood Housing Services Inc
Laredo Webb Neighborhood Housing Services Inc is dedicated to providing and fostering opportunities for affordable housing. The organization's mission is twofold: firstly, to promote and protect homeownership by offering loans, down payment, and closing costs assistance. Secondly, they provide homebuyer education courses and counseling to help individuals navigate the complex process of purchasing a home. Additionally, Laredo Webb Neighborhood Housing Services Inc offers financial capabilities workshops, including credit coaching, to equip individuals with the necessary financial skills. Furthermore, the organization provides foreclosure mitigation counseling to help homeowners facing financial difficulties and offers affordable rental opportunities to those in need. In essence, Laredo Webb Neighborhood Housing Services Inc works to make homeownership more accessible and sustainable, while also ensuring that affordable housing options are available for those who require them.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Laredo Webb Neighborhood Housing Services Inc's impact is evident in the community through its efforts to provide affordable housing opportunities, promote and preserve homeownership, and support individuals in achieving financial stability. Through its various programs such as homebuyer assistance counseling classes, loans for down payment and closing costs, foreclosure mitigation counseling, and financial capabilities workshops including credit coaching, the organization has helped individuals in Laredo, TX, access housing and build a foundation for homeownership. By offering these resources and support, Laredo Webb Neighborhood Housing Services Inc is actively contributing to the well-being and economic empowerment of individuals and families in the area.
This information is meant to be a general summary of Laredo Webb Neighborhood Housing Services 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: $13,063
- Program Service Revenue: $7,518
- Gross Receipts: $1,416,266
Assets and Liabilities:
- Total Assets: $6,041,157
- Total Liabilities: $1,906,709
- Net Assets: $4,134,448
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Other Income
Revenue
$2,914
Bad Debt Recovery
Revenue
$0
Home Buyer Education Fees
Revenue
$4,604
Organization Details
Founding Year
1991
Principal Officer
Elizabeth Alonzo-Villarreal
Website
www.nwlaredo.orgNTEE Category
Code: L800 - Housing
If you are a representative of Laredo Webb Neighborhood Housing Services Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.