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Nonprofiteer
← COMMUNITY NEIGHBORHOOD HOUSING SERVICES INC

Form 990 for tax year 2023

Filed by COMMUNITY NEIGHBORHOOD HOUSING SERVICES INC.

Totals

Total revenue
$4,708,964
Total expenses
$2,249,416
Contributions and grants received
$3,850,280
Grants paid
$207,000
Program service revenue
$606,100
Investment income
$252,584
Other revenue
$0
Total assets, end of year
$22,605,389
Total liabilities, end of year
$2,633,930
Net assets or fund balances, end of year
$19,971,459
Program services expenses (Part IX)
$1,220,111
Management and general expenses
$961,678
Fundraising expenses
$67,627
Program service expenses (Part III)
$1,220,111

Program services were 54.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $2,634,088

  • 1f · All other contributions, gifts and grants

    $1,216,192

  • 2a · Program service revenue: CONTRACTS

    total $373,676 · related or exempt $373,676

  • 2b · Program service revenue: LOAN INTEREST

    total $155,352 · related or exempt $155,352

  • 2c · Program service revenue: LOAN SERVICING & ORIGINATION FEES

    total $65,038 · related or exempt $65,038

  • 2d · Program service revenue: OTHER PROGRAM REVENUES

    total $12,034 · related or exempt $12,034

  • 3 · Investment income

    total $190,960 · excluded $190,960

  • 7a · Gross sales of assets other than inventory

    securities $1,826,820

  • 7b · Less cost or other basis and sales expenses

    securities $1,765,196

  • 7c · Gain or loss

    securities $61,624

  • 7d · Net gain or loss

    total $61,624 · excluded $61,624

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $207,000 · program services $207,000

  • 5 · Compensation of officers, directors and key employees

    total $480,083 · program services $83,610 · management and general $350,893 · fundraising $45,580

  • 7 · Other salaries and wages

    total $789,298 · program services $608,888 · management and general $180,410

  • 8 · Pension plan contributions

    total $27,187 · program services $21,166 · management and general $6,021

  • 9 · Other employee benefits

    total $102,385 · program services $76,883 · management and general $24,778 · fundraising $724

  • 10 · Payroll taxes

    total $96,771 · program services $51,275 · management and general $43,221 · fundraising $2,275

  • 11b · Fees: legal

    total $4,401 · management and general $4,401

  • 11c · Fees: accounting

    total $36,226 · management and general $36,226

  • 11f · Fees: investment management

    total $38,832 · management and general $38,832

  • 11g · Fees: other

    total $173,896 · program services $35,085 · management and general $127,899 · fundraising $10,912

  • 12 · Advertising and promotion

    total $14,205 · program services $360 · management and general $13,153 · fundraising $692

  • 13 · Office expenses

    total $38,437 · program services $16,524 · management and general $20,817 · fundraising $1,096

  • 14 · Information technology

    total $62,623 · program services $32,940 · management and general $28,199 · fundraising $1,484

  • 16 · Occupancy

    total $55,445 · program services $12,711 · management and general $40,597 · fundraising $2,137

  • 17 · Travel

    total $557 · program services $413 · management and general $137 · fundraising $7

  • 19 · Conferences, conventions and meetings

    total $4,149 · program services $3,074 · management and general $1,021 · fundraising $54

  • 20 · Interest

    total $15,925 · program services $5,925 · management and general $9,500 · fundraising $500

  • 22 · Depreciation, depletion and amortization

    total $14,773 · management and general $14,034 · fundraising $739

  • 23 · Insurance

    total $22,692 · program services $3,834 · management and general $17,915 · fundraising $943

  • 24a · Other expenses: PROVISION FOR LOAN LOSS

    total $41,962 · program services $41,962

  • 24b · Other expenses: OTHER EMPLOYEE EXPENSES

    total $14,587 · program services $10,809 · management and general $3,589 · fundraising $189

  • 24c · Other expenses: LOAN PROCESSING EXPENSE

    total $6,924 · program services $6,594 · management and general $35 · fundraising $295

  • 24d · Other expenses: PROGRAM FUND RETURNED

    total $1,058 · program services $1,058

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $415,735 · end of year $220,434

  • 2 · Savings and temporary cash investments

    beginning of year $3,205,934 · end of year $1,852,719

  • 3 · Pledges and grants receivable

    beginning of year $119,136 · end of year $254,213

  • 4 · Accounts receivable

    beginning of year $699,587 · end of year $886,785

  • 9 · Prepaid expenses and deferred charges

    beginning of year $49,055 · end of year $64,391

  • 10a · Land, buildings and equipment: cost or other basis

    $79,132

  • 10b · Land, buildings and equipment: accumulated depreciation

    $62,895

  • 10c · Land, buildings and equipment, net

    beginning of year $21,183 · end of year $16,237

  • 11 · Investments: publicly traded securities

    beginning of year $5,037,280 · end of year $5,801,073

  • 13 · Investments: program-related

    beginning of year $10,935,111 · end of year $13,509,537

  • 17 · Accounts payable and accrued expenses

    beginning of year $561,387 · end of year $398,487

  • 19 · Deferred revenue

    beginning of year $1,635,984 · end of year $894,068

  • 24 · Unsecured notes and loans payable

    beginning of year $1,000,000 · end of year $1,000,000

  • 25 · Other liabilities

    beginning of year $931,448 · end of year $341,375

  • 27 · Net assets without donor restrictions

    beginning of year $9,130,884 · end of year $12,624,735

  • 28 · Net assets with donor restrictions

    beginning of year $7,223,318 · end of year $7,346,724

Mission and programs · 2023

Mission

OUR MISSION IS "EMPOWERING INDIVIDUALS AND COMMUNITIES BY HELPING PEOPLE, BUY, FIX AND KEEP THEIR HOMES". TO FURTHER THIS WORK, WE PROVIDE HOMEOWNERSHIP EDUCATION AND ADVISING AS WELL AS RESIDENTIAL COMMUNITY LENDING PROGRAMS TO FAMILIES ALL ACROSS MINNESOTA WITH A SPECIAL EMPHASIS ON THE TWIN CITIES METRO AREA.

Activities or mission (Part I)

PROVIDING HOMEOWNERSHIP EDUCATION AND ADVISING AS WELL AS RESIDENTIAL COMMUNITY LENDING PROGRAMS THROUGHOUT THE STATE OF MINNESOTA WITH A SPECIAL EMPHASIS ON THE TWIN CITIES METROPOLITAN REGION.

  • COMMUNITY LENDING PROGRAM PROVIDING DOWN PAYMENT ASSISTANCE AND HOME REPAIR LOANS TO LOW-TO-MODERATE-TO-MIDDLE INCOME FAMILIES (AS DEFINED BY HUD) WHO WOULD NOT LIKELY QUALIFY FOR THESE FUNDS FROM A TRADITIONAL LENDING INSTITUTION. IN FISCAL YEAR 2024, 301 DOWN PAYMENT LOANS WERE PROVIDED TOTALING $5,450,268 IN FUNDS. IN ADDITION, 77 HOME REPAIR LOANS WERE PROVIDED TOTALING $2,295,090 IN FUNDS.

    Expenses $945,263 · Grants $207,000 · Revenue $594,066

  • HUD APPROVED COUNSELING AND EDUCATION SERVICES WERE PROVIDED TO FAMILIES TO HELP THEM BUY OR KEEP WHAT IS LIKELY ONE OF THE BIGGEST PURCHASES IN THEIR LIVES - THEIR HOME. IN FY24, 964 FAMILIES RECEIVED THESE SERVICES.

    Expenses $274,848 · Revenue $12,034

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mike Morrell

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Krissi Mills

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Dave Zastrow

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Katelyn Shehu

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Joel Isenberger

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Joe Chow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5 + 1.5 related

  • Kevin Knase

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mai Lee Yang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Justin Houle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5 + 1.5 related

  • Randy Nelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Brian Deppe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mark Nettesheim

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • William Flowers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Justine Logelin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jen Jang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Ashlyn Crawford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kaela Seay

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mike Schokmiller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Sondra Breneman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jason Peterson

    CEO

    Total calculated
    $178,502
    From this org
    $156,117
    From related orgs
    $0
    Other
    $22,385
    Hours/week
    39.75 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $145,117
    Bonus
    $11,000
    Other
    $0
    Deferred
    $6,245
    Nontaxable benefits
    $16,140
    Filer's total
    $178,502

  • Kjirsten Johnson

    CFO

    Total calculated
    $137,470
    From this org
    $115,316
    From related orgs
    $0
    Other
    $22,154
    Hours/week
    39.75 + 0.25 related

  • Beth Hyser

    CPO

    Total calculated
    $104,180
    From this org
    $98,175
    From related orgs
    $0
    Other
    $6,005
    Hours/week
    38 + 2 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • FROGTOWN DEVELOPMENT LLC

    RELATED · AFFORDABLE HOUSING · MN · 50% owned · share of income -$23,655 · share of assets $875,367

  • NEDU LLC

    RELATED · LEASING · MN · 25% owned · share of income -$17,853 · share of assets $607,330

Provenance

Return type
form_990
Tax year
2023
Filed
15 August 2025
IRS schema version
2023v6.0
Source object
202512279349302011

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