Overview
What is Neighborhood Housing Services Of Waco?
Neighborhood Housing Services of Waco is a nonprofit organization situated in Waco, Texas, specifically at 922 Franklin Ave, 76701. Their primary mission is to strengthen neighborhoods by facilitating homeownership and providing quality housing opportunities. During the fiscal year 2022, they managed 117 rental units, serving 135 families. Notably, eight families successfully transitioned into homeownership during this period. Operating under the name NeighborWorks Waco, they embody a workforce of ten dedicated individuals, contributing to their community-building initiatives.
Official website here: www.nw-waco.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Star rating)
Neighborhood Housing Services of Waco has received a commendable rating of 89% from Charity Navigator, indicating strong performance in accountability and finance. The organization boasts a fully independent board and has received full points in critical areas such as financial audits and conflict of interest policies. This reflects a commitment to transparency and responsible governance.
The organization's strengths are highlighted by its high program expense ratio of 68.83%, suggesting that a significant portion of its funds is directed toward its mission-related activities. Additionally, the absence of any material diversion of assets further reinforces the trustworthiness of the organization’s financial practices.
However, the liabilities to assets ratio of 58.28% indicates that the organization may have a relatively higher level of liabilities, which could be a point of concern for sustainability in the long term. Overall, while Neighborhood Housing Services of Waco demonstrates strong governance and programmatic focus, it must remain vigilant in managing its financial liabilities.
This AI summary has been generated from information found on Charity Navigator.
Is Neighborhood Housing Services Of Waco legitimate?
Neighborhood Housing Services Of Waco is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Housing Services Of Waco 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: $434,586
Professional Fundraising Fees: $0
Other Salaries and Wages: $345,322
For more financial information, click here
Official website here: www.nw-waco.org
What is the mission statement of Neighborhood Housing Services Of Waco?
Neighborhood Housing Services of Waco's mission is centered around strengthening communities by promoting homeownership and providing quality housing opportunities. This is achieved through various initiatives, including homeownership programs and initiatives focused on improving rental housing. The organization also engages in community building activities. One of their key projects involves offering a lease-purchase program for families on the brink of homeownership. During fiscal year 2022, the organization managed 117 rental units that served 135 families, with eight of these families transitioning into homeownership during the year.
Official website here: www.nw-waco.org
Who is the CEO of Neighborhood Housing Services Of Waco?
Roy Nash is the Board Chair of Neighborhood Housing Services Of Waco. The CEO's salary of Neighborhood Housing Services Of Waco is $158,751 and their total compensation is $186,293.
Official website here: www.nw-waco.org
What is the revenue of Neighborhood Housing Services Of Waco?
Neighborhood Housing Services Of Waco's revenue in 2022 was $2,323,486.
Official website here: www.nw-waco.org
Who are the executives of Neighborhood Housing Services Of Waco and what are their salaries?
The average compensation at Neighborhood Housing Services Of Waco during 2022 was $77,991. There are 10 employees and 25 volunteers at Neighborhood Housing Services Of Waco.
Here are 17 key members and their salaries (Neighborhood Housing Services Of Waco's CEO's salary is $158,751 and their total compensation is $186,293):
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- Compensation: $158,751
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- Compensation: $86,789
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- Other: $7,021
Official website here: www.nw-waco.org
Where can I find the form 990 for Neighborhood Housing Services Of Waco?
Neighborhood Housing Services Of Waco's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nw-waco.org
Learn more at the official website: www.nw-waco.org
Mission Statement of Neighborhood Housing Services Of Waco
Neighborhood Housing Services of Waco is dedicated to enhancing neighborhoods by promoting homeownership and providing high-quality housing opportunities. Their mission encompasses three key aspects: strengthening neighborhoods through homeownership, offering quality rental housing, and engaging in community-building initiatives. This nonprofit organization strives to help families on the brink of homeownership, providing them with a lease-purchase program. During the fiscal year 2022, Neighborhood Housing Services of Waco managed 117 rental units, serving 135 families. Out of these families, 8 successfully transitioned into homeownership, testifying to the organization's impact on community development.
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Impact
July, 2024
Neighborhood Housing Services Of Waco is making a significant impact by building stronger neighborhoods through homeownership and other quality housing opportunities. Their property management services include a lease-purchase program that helps families on the cusp of homeownership. In the fiscal year 2022, the organization owned and managed 117 rental units, serving 135 families, with 8 families transitioning to homeownership during the year. Their mission of building stronger neighborhoods through homeownership, quality rental housing, and community building initiatives is creating positive change in Waco, TX.
This information is meant to be a general summary of Neighborhood Housing Services Of Waco. 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: $29,473
- Program Service Revenue: $501,378
- Gross Receipts: $3,954,418
Assets and Liabilities:
- Total Assets: $17,164,106
- Total Liabilities: $10,004,099
- Net Assets: $7,160,007
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE INCOME
Revenue
$175,481
INTEREST INCOME-LOANS
Revenue
$173,932
PROPERTY DEVELOPMENT FEES
Revenue
$100,000
LOAN ORIGINATION FEES
Revenue
$50,836
PAYMENT ON LOANS WRITTEN OFF
Revenue
$1,129
Organization Details
Founding Year
1993
Phone
(254) 752-1647Principal Officer
Roy Nash
Main Address
922 FRANKLIN AVE, WACO, TX, 76701
Website
www.nw-waco.orgNTEE Category
Code: L20Z - Housing
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