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Nonprofiteer
← NEIGHBORHOOD NONPROFIT HOUSING CORPORATION

Form 990 for tax year 2022

Filed by NEIGHBORHOOD NONPROFIT HOUSING CORPORATION.

Totals

Total revenue
$11,203,345
Total expenses
$6,198,360
Contributions and grants received
$2,694,624
Grants paid
$508,921
Program service revenue
$7,832,456
Investment income
$148
Other revenue
$676,117
Total assets, end of year
$28,400,847
Total liabilities, end of year
$4,272,870
Net assets or fund balances, end of year
$24,127,977
Program services expenses (Part IX)
$5,834,448
Management and general expenses
$363,912
Fundraising expenses
$0
Program service expenses (Part III)
$5,834,448

Program services were 94.1% 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)

    $2,277,653

  • 1f · All other contributions, gifts and grants

    $416,971

  • 2a · Program service revenue: LOT REVENUE

    total $7,690,628 · related or exempt $7,690,628

  • 2b · Program service revenue: MISC PROGRAM RELATED

    total $141,828 · related or exempt $141,828

  • 3 · Investment income

    total $148 · excluded $148

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $586,646

  • 6b · Less rental expenses

    real property $76,712

  • 6c · Rental income or loss

    real property $509,934

  • 6d · Net rental income or loss

    total $509,934 · related or exempt $509,934

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: MISC. RELATED INCOME

    total $166,183 · related or exempt $166,183

  • 11e · Other revenue, total

    $166,183

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $508,921 · program services $508,921

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $169,196 · program services $167,504 · management and general $1,692

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,334,571 · program services $1,319,027 · management and general $15,544

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $826,083 · program services $779,683 · management and general $46,400

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $67,396 · program services $67,235 · management and general $161

  • 12 · Advertising and promotion

    total $18,086 · program services $17,825 · management and general $261

  • 13 · Office expenses

    total $165,002 · program services $18,046 · management and general $146,956

  • 14 · Information technology

    total $47,364 · program services $40,351 · management and general $7,013

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $205,608 · program services $205,200 · management and general $408

  • 17 · Travel

    total $24,398 · program services $24,398

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $76,471 · program services $76,456 · management and general $15

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $321,582 · program services $257,361 · management and general $64,221

  • 23 · Insurance

    total $113,355 · program services $107,096 · management and general $6,259

  • 24a · Other expenses: INFRASTRUCTURE EXPENSE

    total $2,171,133 · program services $2,171,133

  • 24b · Other expenses: MISC EXPENSES

    total $74,982 · management and general $74,982

  • 24c · Other expenses: TOOLS

    total $74,212 · program services $74,212

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,958,432 · end of year $5,474,590

  • 2 · Savings and temporary cash investments

    beginning of year $2,703,840 · end of year $4,434,184

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $798,442 · end of year $1,732,757

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $49,957 · end of year $360,055

  • 8 · Inventories for sale or use

    beginning of year $8,235,150 · end of year $9,587,049

  • 9 · Prepaid expenses and deferred charges

    beginning of year $30,074 · end of year $18,839

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

    $12,030,678

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

    $5,767,776

  • 10c · Land, buildings and equipment, net

    beginning of year $5,162,729 · end of year $6,262,902

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $1,280,173 · end of year $530,471

  • 17 · Accounts payable and accrued expenses

    beginning of year $156,356 · end of year $272,050

  • 19 · Deferred revenue

    beginning of year $21,950 · end of year $8,044

  • 21 · Escrow or custodial account liability

    beginning of year $987,732 · end of year $1,448,416

  • 24 · Unsecured notes and loans payable

    beginning of year $620,971 · end of year $2,461,978

  • 25 · Other liabilities

    beginning of year $52,833 · end of year $82,382

  • 27 · Net assets without donor restrictions

    beginning of year $16,663,389 · end of year $22,913,530

  • 28 · Net assets with donor restrictions

    beginning of year $2,715,566 · end of year $1,214,447

Mission and programs · 2022

Mission

CREATE QUALITY AFFORDABLE HOUSING OPPORTUNITIES, ENHANCE COMMUNITIES AND PROVIDE HOUSEHOLDS WITH SKILLS TO BECOME SELF-SUFFICIENT.

  • DEVELOPMENT OF LAND AND NEIGHBORHOODS FOR USE IN AFFORDABLE HOUSING PROJECTS.

    Expenses $3,154,394 · Revenue $7,690,628

  • PROVIDE ADMINISTRATIVE SERVICES FOR THE OPERATION OF THE THE MUTUAL SELF-HELP PROGRAM IN THE CACHE COUNTY AND NORTHERN UTAH AREA. THE MUTUAL SELF-HELP PROGRAM PROVIDES OPPORTUNITIES FOR LOW INCOME INDIVIDUALS TO OWN A HOME AND PARTICIPATE IN BUILDING THE HOME.

    Expenses $2,171,133 · Revenue $141,828

  • CREATE QUALITY AFFORDABLE HOUSING OPPORTUNITIES, ENHANCE COMMUNITIES, AND PROVIDE HOUSEHOLDS WITH SKILLS TO BECOME SELF-SUFFICIENT.

    Expenses $508,921 · Revenue $586,646

As filed on the 2022 return.

Listed in Part VII

  • JOSH RUNHAAR

    Executive Dir.

    Total calculated
    $229,109
    From this org
    $159,907
    From related orgs
    $0
    Other
    $69,202
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,042
    Bonus
    $9,865
    Other
    not reported
    Deferred
    $20,500
    Nontaxable benefits
    $48,702
    Filer's total
    $229,109

  • DAVID FRANDSEN

    EMPLOYEE

    Total calculated
    $142,395
    From this org
    $102,282
    From related orgs
    $0
    Other
    $40,113
    Hours/week
    40

  • JUSTIN CARD

    CONTROLLER

    Total calculated
    $123,741
    From this org
    $98,299
    From related orgs
    $0
    Other
    $25,442
    Hours/week
    40

  • JEFF GILBERT

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • JAKE NETZLEY

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • CHERYL ATWOOD

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • BRADEN MERRILL

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • BRUCE RIGBY

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • ROBERT THOMAS CPA MBA

    Trustee

    Total calculated
    $0
    Hours/week
    1

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 · Compensation committee
  • 3 · Written employment contract
  • 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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

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

Provenance

Return type
form_990
Tax year
2022
Filed
25 October 2023
IRS schema version
2022v5.0
Source object
202342989349301599

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