Overview
What is Aberdeen Neighborhood Housing Services?
Aberdeen Neighborhood Housing Services, operating under the name Neighborworks of Grays Harbor County, is a dedicated nonprofit organization based in Aberdeen, Washington. Their primary mission is to foster collaborative partnerships between local businesses, government, and residents, with the aim of providing safe and affordable housing opportunities for Grays Harbor County residents. They accomplish this through various initiatives, such as offering housing rehabilitation and homeownership loans through revolving loan funds and lending partnerships. Their flexible Loan Program caters to low, moderate, and middle-income homeowners, ensuring they can afford their homes and manage their debts effectively. In addition to their loan program, Neighborworks provides housing counseling services for clients with complex credit histories and high debt ratios. They offer pre-purchase analysis, budget-money management, foreclosure prevention, and pre-foreclosure sale counseling to assist individuals in need. The organization is also committed to promoting homebuyer education through eHome America, a comprehensive online program that meets national industry standards for homeownership education. For rental housing opportunities, Neighborworks owns and manages 33 rental houses and duplexes, with some units being project-based subsidized, market-rate rentals, and others leased to nonprofit agencies for use as shelters for homeless or transitional families. The organization also serves as a Management Agent for a HUD 811 project, providing homes for eight developmentally disabled tenants. Throughout this fiscal year, Neighborworks made or facilitated $11,516,000 in loans and assisted 175 households with their housing needs, demonstrating their commitment to creating affordable housing opportunities in Grays Harbor County.
Official website here: www.aberdeen-nhs.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star Rating
Aberdeen Neighborhood Housing Services, doing business as NeighborWorks of Grays Harbor County, has earned a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The organization achieved a perfect score in various categories, demonstrating a well-structured financial oversight and a high level of transparency in its operations.
The charity boasts a fully independent board, with all members being independent, which enhances its governance quality. It has implemented robust policies for conflict of interest, whistleblowing, and document retention, all of which contribute to its solid operational framework. Moreover, the organization maintains a low liabilities-to-assets ratio, indicating strong financial health.
Despite its strengths, the organization’s entire score is based solely on Accountability & Finance metrics, suggesting that additional information regarding its programmatic effectiveness and impact could provide a more comprehensive view of its overall performance. Nonetheless, the high program expense ratio of 91.32% indicates a strong focus on delivering its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Aberdeen Neighborhood Housing Services legitimate?
Aberdeen Neighborhood Housing Services is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aberdeen Neighborhood Housing Services 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: $160,612
Professional Fundraising Fees: $0
Other Salaries and Wages: $232,007
For more financial information, click here
Official website here: www.aberdeen-nhs.com
What is the mission statement of Aberdeen Neighborhood Housing Services?
Aberdeen Neighborhood Housing Services, known as NeighborWorks of Grays Harbor County, strives to establish collaborations within the community between businesses, government, and residents. Their primary goal is to provide sustainable and affordable housing options for all residents in Grays Harbor County. To achieve this, they manage revolving loan funds and lending partnerships, offering flexible loan programs for low to moderate income homeowners. Additionally, NeighborWorks provides housing counseling services to assist clients with challenging credit histories and debt ratios. Through their initiatives, they facilitated $11,516,000 in loans this fiscal year and offered homebuyer education programs to help individuals secure affordable housing. Furthermore, NeighborWorks manages and owns rental properties, providing safe and sanitary housing opportunities for various income levels.
Official website here: www.aberdeen-nhs.com
Who is the CEO of Aberdeen Neighborhood Housing Services?
Eric Bjella is the Secretary of Aberdeen Neighborhood Housing Services.
Official website here: www.aberdeen-nhs.com
What is the revenue of Aberdeen Neighborhood Housing Services?
Aberdeen Neighborhood Housing Services's revenue in 2022 was $774,909.
Official website here: www.aberdeen-nhs.com
Who are the executives of Aberdeen Neighborhood Housing Services and what are their salaries?
The average compensation at Aberdeen Neighborhood Housing Services during 2022 was $43,624. There are 9 employees at Aberdeen Neighborhood Housing Services.
Here are 13 key members and their salaries:
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- Other: $8,373
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Official website here: www.aberdeen-nhs.com
Where can I find the form 990 for Aberdeen Neighborhood Housing Services?
Aberdeen Neighborhood Housing Services's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aberdeen-nhs.com
Learn more at the official website: www.aberdeen-nhs.com
Mission Statement of Aberdeen Neighborhood Housing Services
Aberdeen Neighborhood Housing Services Dba Neighborworks Of Grays Harbor County is committed to fostering collaborations between various community entities, including businesses, government bodies, and residents. Their primary mission is to establish secure and budget-friendly housing options for all residents residing in Grays Harbor County. To achieve this goal, Neighborworks maintains several revolving loan funds and lending partnerships, which collectively form a flexible Loan Program. This program allows low, moderate, and middle-income homeowners to borrow funds for purchasing and renovating their homes, ensuring they can maintain affordable housing costs and manageable debt ratios.
In addition to these loan programs, Neighborworks offers an extensive Housing Counseling Program. This program is specifically designed to assist households with challenging credit histories and high debt ratios by employing an individualized approach. Through this program, Neighborworks has helped 175 households this fiscal year with pre-purchase analysis, budget management, foreclosure prevention, and pre-foreclosure sale counseling. Furthermore, Neighborworks promotes homebuyer education through eHome America, an online platform that adheres to National Industry Standards for Homeownership Education. This service is made available to individuals across the state through partnerships with Community Frameworks and HomeSight.
To cater to safe, sanitary, and affordable rental housing opportunities, Neighborworks manages 33 rental houses and duplexes. Of these properties, 16 units have Section 8 project-based subsidies, while 15 units are rented at market rate with Section 8 vouchers accepted. Two units are leased to a nonprofit agency for use as a shelter for homeless or transitional families with children. Neighborworks also acts as the Management Agent for a HUD 811 project, providing homes for eight developmentally disabled tenants. Overall, Neighborworks is dedicated to ensuring affordable housing and offering support services to the residents of Grays Harbor County.
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Impact
July, 2024
Aberdeen Neighborhood Housing Services Dba Neighborworks Of Grays Harbor County has a significant impact on the community by providing safe and affordable housing opportunities for all residents of Grays Harbor County. Through their flexible Loan Program and partnerships, they have facilitated millions of dollars in loans for housing rehabilitation and homeownership. Additionally, their Housing Counseling Program assists households with credit issues and debt management, offering services such as foreclosure prevention counseling.
Furthermore, NeighborWorks owns and manages various rental properties, including subsidized units for low-income families and individuals. They also collaborate with other nonprofits to provide housing for homeless or transitional families. Their commitment to promoting homebuyer education through online platforms demonstrates their dedication to empowering residents to achieve homeownership.
In summary, NeighborWorks Of Grays Harbor County plays a vital role in fostering community partnerships and creating housing opportunities that enhance the overall well-being of residents in Grays Harbor County.
This information is meant to be a general summary of Aberdeen Neighborhood Housing Services. 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: $557,279
- Gross Receipts: $774,909
Assets and Liabilities:
- Total Assets: $8,432,356
- Total Liabilities: $650,549
- Net Assets: $7,781,807
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rent Income
Revenue
$287,044
Interest on Mortgage L
Revenue
$147,532
Outside Service Fees
Revenue
$102,453
Rental Mgmt Fees
Revenue
$10,869
Loan Application Fees
Revenue
$9,381
Organization Details
Founding Year
1981
Phone
(360) 533-7828Principal Officer
Eric Bjella
Main Address
710 E Market Street, Aberdeen, WA, 98520
Website
www.aberdeen-nhs.comNTEE Category
Code: L80Z - Housing
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