Overview
What is Salt Lake Neighborhood Housing Services?
Salt Lake Neighborhood Housing Services, also known as Neighborworks Salt Lake, is a nonprofit organization based in Salt Lake City, Utah. They are part of an enterprise-level loan fund called the Affordable Housing Mission Investment Fund, which lends money to exemplary rated Neighborworks organizations nationwide to promote affordable and sustainable housing, economic development, and neighborhood revitalization. Neighborworks Salt Lake focuses on building on the strengths of neighborhoods by creating opportunities through housing, resident leadership, and youth and economic development. They collaborate with residents, government, and businesses to construct and maintain desirable neighborhoods. The organization has a workforce of 22 individuals.
Official website here: www.nwsaltlake.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 93% (Four-Star out of Four Stars)
Salt Lake Neighborhood Housing Services has received a commendable Four-Star rating from Charity Navigator, indicating a high degree of accountability and finance management. The organization scored 93% overall, reflecting its strong emphasis on transparency with a fully independent board and comprehensive financial oversight practices. This rating signifies that the nonprofit is effectively utilizing its resources to benefit its mission.
The organization boasts a 79.36% program expense ratio, demonstrating a commitment to allocating a significant portion of its funds directly to programs rather than administrative costs. Additionally, it has implemented thorough policies regarding conflict of interest, whistleblower protections, and document retention, all contributing to its solid governance framework.
However, while the organization excels in financial management and accountability, it may still face challenges in maintaining or improving its service delivery and outreach efforts. The liabilities to assets ratio of 54.10% suggests some financial leverage, which could be an area for future attention as the organization continues to grow and expand its impact within the community.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Salt Lake Neighborhood Housing Services?
92% of 53 reviewers on Facebook recommend Salt Lake Neighborhood Housing Services. Here is a summary of their reviews:
Many individuals express appreciation for this community partner, highlighting their positive impact in the neighborhood. The collaboration with the Youth Works program receives notable praise, with reviewers specifically noting the quality and dedication of the young participants involved.
Overall, the sentiment surrounding Salt Lake Neighborhood Housing Services is overwhelmingly positive, as community members recognize its valuable contributions and effective programs.
This AI summary has been generated from reviews found on Facebook.
Is Salt Lake Neighborhood Housing Services legitimate?
Salt Lake Neighborhood Housing Services is a legitimate nonprofit organization registered as a 501(c)(3) entity. Salt Lake 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: $174,474
Professional Fundraising Fees: $0
Other Salaries and Wages: $689,595
For more financial information, click here
Official website here: www.nwsaltlake.org
What is the mission statement of Salt Lake Neighborhood Housing Services?
Salt Lake Neighborhood Housing Services, also known as Neighborworks Salt Lake, focuses on strengthening neighborhoods and creating opportunities through various means. They build on the strengths of communities by promoting affordable housing, encouraging resident leadership, and supporting youth and economic development. Partnering with residents, government, and businesses, this organization works towards establishing desirable neighborhoods. Additionally, they are involved in a mission investment fund that lends money to Neighborworks organizations nationwide to promote affordable and sustainable housing, economic development, and neighborhood revitalization. These loans, ranging from $250,000 to $1,500,000 and lasting approximately 5 years, can be utilized by the organization in one of their lines of business. This loan is not project-specific, allowing for its use on various projects throughout the loan period.
Official website here: www.nwsaltlake.org
Who is the CEO of Salt Lake Neighborhood Housing Services?
Maria Garciaz is the President of Salt Lake Neighborhood Housing Services.
Official website here: www.nwsaltlake.org
What is the revenue of Salt Lake Neighborhood Housing Services?
Salt Lake Neighborhood Housing Services's revenue in 2022 was $14,556,193.
Official website here: www.nwsaltlake.org
Who are the executives of Salt Lake Neighborhood Housing Services and what are their salaries?
The average compensation at Salt Lake Neighborhood Housing Services during 2022 was $39,276. There are 22 employees and 100 volunteers at Salt Lake Neighborhood Housing Services.
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- Compensation: $179,587
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- Other: $22,323
Official website here: www.nwsaltlake.org
Where can I find the form 990 for Salt Lake Neighborhood Housing Services?
Salt Lake Neighborhood Housing Services's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nwsaltlake.org
Learn more at the official website: www.nwsaltlake.org
Mission Statement of Salt Lake Neighborhood Housing Services
Salt Lake Neighborhood Housing Services Dba Neighborworks Salt Lake, a renowned nonprofit organization, focuses on enhancing the strengths of neighborhoods by creating opportunities through housing, resident leadership, and youth and economic development. They collaborate with residents, government, and businesses to construct and sustain desirable neighborhoods.
Neighborworks Salt Lake's mission is multifaceted. The organization builds on the potential of neighborhoods by promoting affordable and sustainable housing, economic development, and neighborhood revitalization. They accomplish this by providing loans to Neighborworks affiliates across the country, which range from $250,000 to $1,500,000 for approximately five years. These loans are not limited to specific projects but can be utilized in various aspects of the organization's business operations. Neighborworks Salt Lake's partnership-driven approach enables them to create thriving neighborhoods of choice.
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Impact
October, 2024
Salt Lake Neighborhood Housing Services significantly impacts community well-being by fostering strong neighborhoods through a multifaceted approach. By focusing on housing, resident leadership, and economic development, they create sustainable environments where residents can thrive. Collaborating closely with local residents, government, and businesses, they build upon the existing strengths of each neighborhood, transforming them into neighborhoods of choice.
One of their critical initiatives is the Affordable Housing Mission Investment Fund, which supports the development of affordable housing and revitalization efforts across the region. By providing loans ranging from $250,000 to $1,500,000, they empower various organizations to undertake meaningful projects that promote not only housing stability but also economic growth. This flexible funding model enables adaptation to the community's evolving needs, ensuring that investments align with local priorities.
Through these efforts, Salt Lake Neighborhood Housing Services not only improves housing access but also enhances the overall quality of life, equipping residents with the resources and leadership skills necessary to engage actively in their communities. Their comprehensive approach to neighborhood development leads to stronger social ties, improved economic conditions, and a resilient community infrastructure that benefits all residents in Salt Lake City.
This information is meant to be a general summary of Salt Lake 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.
- Investment Income: $12,195,022
- Program Service Revenue: $1,567,050
- Gross Receipts: $15,871,348
Assets and Liabilities:
- Total Assets: $51,600,872
- Total Liabilities: $26,637,141
- Net Assets: $24,963,731
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST FROM AHMI LOANS
Revenue
$1,264,219
MISCELLANEOUS
Revenue
$143,526
INTEREST FROM MORT. LOANS
Revenue
$142,228
LOAN SERVICE FEES
Revenue
$17,077
Organization Details
Founding Year
1977
Phone
(801) 539-1590Principal Officer
Maria Garciaz
Main Address
622 W 500 N, SALT LAKE CITY, UT, 84116
Website
www.nwsaltlake.orgNTEE Category
Code: L800 - Housing
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