Overview
What is Neighborhood Housing Services Of Los Ang?
Neighborhood Housing Services of Los Angeles is a nonprofit organization dedicated to enhancing the living conditions of low-to-moderate income communities. Their mission is to foster sustainable and affordable homeownership opportunities. In the recent fiscal year, they have assisted 10,068 individuals with mortgage assistance, offering financial counseling to 2,314 people as well. They also collaborate with residents, businesses, and government officials to improve the general well-being of families with limited means. The organization's work aims to contribute positively to the quality of life in these communities.
Official website here: www.nhslacounty.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Stars)
Neighborhood Housing Services Of Los Angeles has received a 73% score, reflecting a Two-Star rating primarily based on its accountability and finance practices. The organization excels in several areas, including having a fully independent board, effective financial oversight, and strong compliance with various governance policies. Notably, it maintains a high program expense ratio of 89%, indicating that a significant portion of its expenditures directly supports its mission.
Despite its strengths, the charity faces challenges, particularly with its financial health as indicated by a liabilities to assets ratio of 95.82%, which raises concerns about its fiscal sustainability. Additionally, the organization's working capital ratio of only 0.10 years suggests limited operational liquidity, potentially impacting its ability to respond to unforeseen financial demands.
Overall, while Neighborhood Housing Services Of Los Angeles demonstrates commendable governance and efficiency in fundraising, its financial ratios indicate the need for improvement to ensure long-term viability and capacity to fulfill its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Neighborhood Housing Services Of Los Ang legitimate?
Neighborhood Housing Services Of Los Ang is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Housing Services Of Los Ang 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: $229,813
Professional Fundraising Fees: $0
Other Salaries and Wages: $402,393
For more financial information, click here
Official website here: www.nhslacounty.org
What is the mission statement of Neighborhood Housing Services Of Los Ang?
Neighborhood Housing Services of Los Angeles works towards strengthening low-income communities by facilitating sustainable and affordable homeownership opportunities. In the current fiscal year, they have provided mortgage assistance to over 10,000 individuals and offered financial counseling to nearly 2,300 people. Their efforts extend beyond individual households, as they collaborate with residents, businesses, and government representatives to enhance the quality of life for families of modest means.
Official website here: www.nhslacounty.org
Who is the CEO of Neighborhood Housing Services Of Los Ang?
Lori Gay is the Chairperson of Neighborhood Housing Services Of Los Ang. The CEO's salary of Neighborhood Housing Services Of Los Ang is $94,197 and their total compensation is $258,780.
Official website here: www.nhslacounty.org
What is the revenue of Neighborhood Housing Services Of Los Ang?
Neighborhood Housing Services Of Los Ang's revenue in 2022 was $3,238,235.
Official website here: www.nhslacounty.org
Who are the executives of Neighborhood Housing Services Of Los Ang and what are their salaries?
The average compensation at Neighborhood Housing Services Of Los Ang during 2022 was $12,158. There are 52 employees and 6 volunteers at Neighborhood Housing Services Of Los Ang.
Here are 11 key members and their salaries (Neighborhood Housing Services Of Los Ang's CEO's salary is $94,197 and their total compensation is $258,780):
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- Other: $0
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- Other: $0
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- Compensation: $94,197
- Related: $141,295
- Other: $23,288
- Compensation: $14,795
- Related: $133,158
- Other: $15,674
- Compensation: $54,030
- Related: $81,045
- Other: $14,548
- Compensation: $41,720
- Related: $62,581
- Other: $20,923
Official website here: www.nhslacounty.org
Where can I find the form 990 for Neighborhood Housing Services Of Los Ang?
Neighborhood Housing Services Of Los Ang's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nhslacounty.org
Learn more at the official website: www.nhslacounty.org
Mission Statement of Neighborhood Housing Services Of Los Ang
Neighborhood Housing Services of Los Angeles, abbreviated as NHS, is dedicated to enhancing the living conditions of low to moderate income communities. Their mission is to foster sustainable and affordable homeownership opportunities. Through their efforts, they aim to empower individuals and families of modest means, providing them with the resources they need to secure and maintain their homes.
In the current fiscal year, NHS has demonstrated its commitment to this mission by offering mortgage assistance to over 10,000 individuals. This support not only helps families secure homes but also aids in maintaining their financial stability. Furthermore, the organization provides financial counseling to 2,314 people. This service equips individuals with essential financial management skills, enabling them to make informed decisions about their housing and overall financial well-being.
Moreover, NHS plays an active role in collaborating with residents, businesses, and government representatives. This collaboration aims to improve the quality of life in these communities, ensuring that families of modest means have access to the resources and support they need to thrive. By strengthening these communities, NHS is contributing to a more equitable and inclusive society, where everyone has the opportunity to achieve a decent standard of living.
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Impact
July, 2024
Neighborhood Housing Services Of Los Ang impacts the community by providing sustainable and affordable homeownership opportunities to low to moderate income individuals. In the current fiscal year, NHS has assisted 10,068 individuals with mortgage assistance and provided financial counseling to 2,314 people. Additionally, the organization collaborates with residents, businesses, and government representatives to enhance the quality of life for families of modest means in Los Angeles. Their efforts contribute to strengthening neighborhoods and improving overall community well-being.
This information is meant to be a general summary of Neighborhood Housing Services Of Los Ang. 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.
- Gross Receipts: $3,238,235
Assets and Liabilities:
- Total Assets: $4,817,869
- Total Liabilities: $5,422,727
- Net Assets: -$604,858
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Organization Details
Founding Year
1997
Phone
(213) 381-2862Principal Officer
Lori Gay
Main Address
3926 WILSHIRE BOULEVARD 200, LOS ANGELES, CA, 90010
Website
www.nhslacounty.orgNTEE Category
Code: L800 - Housing
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