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Neighborhood Nonprofit Housing Corp

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

EIN: 870559307 ✦ Logan, UT ✦ Designated as a 501(c)(3)

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Overview

What is Neighborhood Nonprofit Housing Corp?

Neighborhood Nonprofit Housing Corp, located at 195 Golf Course Road 1, Logan, Utah 84321, is a dedicated nonprofit organization. Their primary focus is on the development of land and neighborhoods for affordable housing projects. This mission aims to create high-quality, affordable housing opportunities, enriching communities, and equip households with the necessary skills to become self-sufficient. With a workforce of 30 individuals, they strive to make a significant impact in their community by providing housing solutions.


Official website here: www.nnhc.net/

What are the reviews and ratings of this charity?

Neighborhood Nonprofit Housing Corp (EIN: 870559307) has received a highly commendable Four-Star out of Four Star rating from Charity Navigator, with an impressive overall score of 96%. This rating highlights the organization's strong commitment to accountability and finance, calculated based entirely on this metric. While Neighborhood Nonprofit is recognized for its solid practices in governance and financial management, the absence of ratings for leadership, adaptability, culture, and community engagement signifies some limitations in the broader assessment of its impact.

The organization excels in several key areas, including having a fully independent board and an excellent financial statements audit and oversight committee. Notably, it maintains a low liabilities-to-assets ratio and a high program expense ratio, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs. However, it has been noted that the tax form is not available on its website, which detracts slightly from its transparency.

Unfortunately, user reviews from GreatNonprofits are not available for this organization. Nonetheless, the available financial metrics and governance structure suggest that Neighborhood Nonprofit Housing Corp is a reliable and well-managed organization in the nonprofit sector.


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

Is Neighborhood Nonprofit Housing Corp legitimate?

Neighborhood Nonprofit Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Nonprofit Housing Corp 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: $169,196
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,334,571

For more financial information, click here


Official website here: www.nnhc.net/

What is the mission statement of Neighborhood Nonprofit Housing Corp?

The mission of Neighborhood Nonprofit Housing Corp is focused on creating high-quality, affordable housing opportunities. This organization aims to enhance communities and empower households, providing them with the necessary skills to become self-sufficient. By developing land and neighborhoods for affordable housing projects, Neighborhood Nonprofit Housing Corp contributes to the betterment of the community, offering a pathway towards self-sufficiency for its residents.


Official website here: www.nnhc.net/

Who is the CEO of Neighborhood Nonprofit Housing Corp?

Josh Runhaar is the Executive Dir. of Neighborhood Nonprofit Housing Corp.


Official website here: www.nnhc.net/

What is the revenue of Neighborhood Nonprofit Housing Corp?

Neighborhood Nonprofit Housing Corp's revenue in 2023 was $11,203,345.


Official website here: www.nnhc.net/

Who are the executives of Neighborhood Nonprofit Housing Corp and what are their salaries?

The average compensation at Neighborhood Nonprofit Housing Corp during 2023 was $50,126. There are 30 employees at Neighborhood Nonprofit Housing Corp.


Here are 9 key members and their salaries:


Josh Runhaar (Executive Dir.)
  • Compensation: $159,907
  • Related: $0
  • Other: $69,202
David Frandsen (Employee)
  • Compensation: $102,282
  • Related: $0
  • Other: $40,113
Justin Card (Controller)
  • Compensation: $98,299
  • Related: $0
  • Other: $25,442
Jeff Gilbert (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jake Netzley (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cheryl Atwood (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Braden Merrill (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Rigby (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Thomas Cpa Mba (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.nnhc.net/

Where can I find the form 990 for Neighborhood Nonprofit Housing Corp?

Neighborhood Nonprofit Housing Corp's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.nnhc.net/

Learn more at the official website: www.nnhc.net/

Mission Statement of Neighborhood Nonprofit Housing Corp

Neighborhood Nonprofit Housing Corp, a dedicated organization, is committed to creating high-quality, affordable housing opportunities. Its mission goes beyond just providing homes; it aims to enhance communities and empower households to become self-sufficient. The corporation achieves this by developing land and neighborhoods, transforming them into projects that cater to the housing needs of various households. By doing so, Neighborhood Nonprofit Housing Corp contributes to the betterment of communities and provides a solid foundation for families to build their lives upon, fostering self-sufficiency and independence.

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Impact




July, 2024

Neighborhood Nonprofit Housing Corp's impact lies in creating quality affordable housing opportunities, enhancing communities, and providing households with skills to become self-sufficient. Through their development of land and neighborhoods for affordable housing projects in Logan, UT, they are making a tangible difference in the lives of individuals and families, ensuring that all have access to safe and affordable housing. Their mission to create thriving communities through housing initiatives is crucial in addressing the housing needs of vulnerable populations and promoting self-sufficiency among households.




This information is meant to be a general summary of Neighborhood Nonprofit Housing Corp. 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
$11,203,345 (2023)
Expenses
$6,198,360 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $148
  • Program Service Revenue: $7,832,456
  • Gross Receipts: $11,280,057

Assets and Liabilities:

  • Total Assets: $28,400,847
  • Total Liabilities: $4,272,870
  • Net Assets: $24,127,977

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOT REVENUE

Revenue

$7,690,628

MISC PROGRAM RELATED

Revenue

$141,828

Organization Details

Founding Year

1996

Principal Officer

Josh Runhaar

Main Address

195 GOLF COURSE RD 1, LOGAN, UT, 84321

NTEE Category

Code: L20 - Housing

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