Form 990 for tax year 2023
Filed by NEIGHBORHOOD HOUSING SERVICES OF MINNEAPOLIS INC.
Totals
- Total revenue
- $83,794
- Total expenses
- $211,725
- Contributions and grants received
- $140
- Grants paid
- $0
- Program service revenue
- $37,190
- Investment income
- $46,464
- Other revenue
- $0
- Total assets, end of year
- $2,705,728
- Total liabilities, end of year
- $32,842
- Net assets or fund balances, end of year
- $2,672,886
- Program services expenses (Part IX)
- $211,725
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $211,725
Program services were 100.0% 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.
-
1f · All other contributions, gifts and grants
$140
-
2a · Program service revenue: LOAN INTEREST INCOME
total $24,619 · related or exempt $24,619
-
2b · Program service revenue: SERVICE AND ORIGINATIO
total $7,571 · related or exempt $7,571
-
2c · Program service revenue: RECOVERY OF LOAN/GRANT
total $5,000 · related or exempt $5,000
-
3 · Investment income
total $46,464 · excluded $46,464
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $101,888 · program services $101,888
-
11b · Fees: legal
total $30 · program services $30
-
11c · Fees: accounting
total $3,024 · program services $3,024
-
11g · Fees: other
total $15,182 · program services $15,182
-
12 · Advertising and promotion
total $282 · program services $282
-
13 · Office expenses
total $1,959 · program services $1,959
-
16 · Occupancy
total $2,626 · program services $2,626
-
17 · Travel
total $147 · program services $147
-
22 · Depreciation, depletion and amortization
total $2,376 · program services $2,376
-
23 · Insurance
total $2,811 · program services $2,811
-
24a · Other expenses: BAD DEBT
total $50,380 · program services $50,380
-
24b · Other expenses: REFUNDED TO CITY OF MPL
total $24,140 · program services $24,140
-
24c · Other expenses: LOAN PROCESSING EXPENSE
total $3,912 · program services $3,912
-
24d · Other expenses: DUES AND SUBSCRIPTIONS
total $1,910 · program services $1,910
-
24e · All other expenses
total $1,058 · program services $1,058
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $2,287,494 · end of year $1,974,482
-
7 · Other notes and loans receivable
beginning of year $766,120 · end of year $728,132
-
9 · Prepaid expenses and deferred charges
beginning of year $9,347 · end of year $3,114
-
17 · Accounts payable and accrued expenses
beginning of year $24,324 · end of year $11,871
-
21 · Escrow or custodial account liability
beginning of year $420 · end of year $15,510
-
25 · Other liabilities
beginning of year $234,100 · end of year $5,461
-
27 · Net assets without donor restrictions
beginning of year $683,510 · end of year $572,248
-
28 · Net assets with donor restrictions
beginning of year $2,120,607 · end of year $2,100,638
Mission and programs · 2023
Mission
NHS EXISTS TO PROMOTE SUSTAINABLE HOME OWNERSHIP IN SPECIFICALLY TARGETED NEIGHBORHOODS OF NORTH AND SOUTH MINNEAPOLIS, MN BY PROVIDING LENDING, POST PURCHASE TRAINING, COUNSELING, AND DEVELOPMENTAL SERVICES TO PROSPECTIVE AND CURRENT RESIDENTS.
Activities or mission (Part I)
TO PROMOTE NEIGHBORHOOD STABLAIZATION THROUGH SUSTAINABLE HOME OWNERSHIP.
-
IN 2023, NHSM CONTINUED TO WORK WITH COMMUNITY PARTNERS AND BORROWERS TO STRATEGICALLY REDUCE LENDING SERVICES AND STRATEGIZE SOLUTIONS FOR UNDERPERFORMING LOANS.
Expenses $211,725 · Revenue $37,190
As filed on the 2023 return.
Listed in Part VII
-
Alicia SmithALICIA SMITH
CHAIR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Lao Lu HangLAO LU HANG
TREASURER
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Libby F MurphyLIBBY F MURPHY
SECRETARY
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Sheila BlandSHEILA BLAND
MEMBER
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
J Ralph PaceJ RALPH PACE
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Christina A JenningsCHRISTINA A JENNINGS
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Matthew C SargentMATTHEW C SARGENT
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Peggy MoorePEGGY MOORE
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Taylor SmirkarovaTAYLOR SMIRKAROVA
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Minkara TezetMINKARA TEZET
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Nataly SanchezNATALY SANCHEZ
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Bonita TurnipseedBONITA TURNIPSEED
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Catrice WilliamsCATRICE WILLIAMS
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jeff WashburnJEFF WASHBURN
FORMER EXECUTIVE DIRECTOR
- Total calculated
- $95,942
- From this org
- $0
- From related orgs
- $87,108
- Other
- $8,834
- Hours/week
- 3 + 37 related
-
Staci HorwitzSTACI HORWITZ
OPERATIONS DIRECTOR
- Total calculated
- $116,131
- From this org
- $0
- From related orgs
- $98,972
- Other
- $17,159
- Hours/week
- 3.5 + 36.5 related
-
Mollie MosmanMOLLIE MOSMAN
FINANCE DIRECTOR
- Total calculated
- $110,287
- From this org
- $0
- From related orgs
- $97,106
- Other
- $13,181
- Hours/week
- 3.5 + 36.5 related
-
Andrea ReeseANDREA REESE
EXECUTIVE DIRECTOR
- Total calculated
- $64,255
- From this org
- $0
- From related orgs
- $54,922
- Other
- $9,333
- Hours/week
- 3 + 37 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.
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.
-
CITY OF LAKES COMMUNITY LAND TRUST
501(C)(3) · AFFORDABLE HOME OWNERSHIP · MN
Directly controlled by CITY LAKES COMMUNITY LAND TRUST
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 16 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403049349300430
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.