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← NEIGHBORHOOD HOUSING SERVICES OF GREATER BERKS INC

Form 990 for tax year 2023

Filed by NEIGHBORHOOD HOUSING SERVICES OF GREATER BERKS INC.

Totals

Total revenue
$3,282,825
Total expenses
$3,386,062
Contributions and grants received
$1,761,944
Grants paid
$0
Program service revenue
$1,457,437
Investment income
$63,444
Other revenue
$0
Total assets, end of year
$17,872,751
Total liabilities, end of year
$10,396,793
Net assets or fund balances, end of year
$7,475,958
Program services expenses (Part IX)
$3,144,331
Management and general expenses
$229,980
Fundraising expenses
$11,751
Program service expenses (Part III)
$3,144,331

Program services were 92.9% 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)

    $1,633,805

  • 1f · All other contributions, gifts and grants

    $128,139

  • 2a · Program service revenue: MORTGAGE INTEREST

    total $566,708 · related or exempt $566,708

  • 2b · Program service revenue: LIFT PROGRAM

    total $330,800 · related or exempt $330,800

  • 2c · Program service revenue: FEE REVENUE

    total $308,181 · related or exempt $308,181

  • 2d · Program service revenue: REHABBED PROPERTY SALE

    total $240,000 · related or exempt $240,000

  • 2e · Program service revenue: ESCROW/ADMIN FEES

    total $11,748 · related or exempt $11,748

  • 3 · Investment income

    total $63,539 · excluded $63,539

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

    other assets $95

  • 7c · Gain or loss

    other assets -$95

  • 7d · Net gain or loss

    total -$95 · excluded -$95

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $171,060 · program services $121,172 · management and general $44,476 · fundraising $5,412

  • 7 · Other salaries and wages

    total $1,072,487 · program services $1,024,234 · management and general $48,253

  • 9 · Other employee benefits

    total $205,151 · program services $195,038 · management and general $10,113

  • 10 · Payroll taxes

    total $96,926 · program services $89,683 · management and general $6,881 · fundraising $362

  • 11b · Fees: legal

    total $2,073 · program services $1,928 · management and general $145

  • 11c · Fees: accounting

    total $46,131 · program services $42,902 · management and general $3,229

  • 11g · Fees: other

    total $84,580 · program services $78,659 · management and general $5,921

  • 12 · Advertising and promotion

    total $46,031 · program services $1,745 · management and general $41,984 · fundraising $2,302

  • 13 · Office expenses

    total $23,459 · program services $21,817 · management and general $623 · fundraising $1,019

  • 14 · Information technology

    total $70,552 · program services $65,613 · management and general $4,939

  • 16 · Occupancy

    total $81,905 · program services $66,850 · management and general $15,055

  • 17 · Travel

    total $53,125 · program services $14,131 · management and general $36,338 · fundraising $2,656

  • 20 · Interest

    total $315,805 · program services $315,805

  • 22 · Depreciation, depletion and amortization

    total $21,529 · program services $17,318 · management and general $4,211

  • 23 · Insurance

    total $6,582 · management and general $6,582

  • 24a · Other expenses: COST OF PROPERTY SOLD

    total $333,132 · program services $333,132

  • 24b · Other expenses: LIFT PROGRAM EXPENSE

    total $300,000 · program services $300,000

  • 24c · Other expenses: CREDIT LOSS EXPENSE

    total $240,539 · program services $240,539

  • 24d · Other expenses: OK PROGRAM EXPENSE

    total $186,140 · program services $186,140

  • 24e · All other expenses

    total $28,855 · program services $27,625 · management and general $1,230

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,374,772 · end of year $1,066,143

  • 2 · Savings and temporary cash investments

    beginning of year $1,840,498 · end of year $1,712,885

  • 3 · Pledges and grants receivable

    beginning of year $346,314 · end of year $400,474

  • 7 · Other notes and loans receivable

    beginning of year $9,909,470 · end of year $11,166,471

  • 9 · Prepaid expenses and deferred charges

    beginning of year $39,408 · end of year $50,374

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

    $231,240

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

    $142,766

  • 10c · Land, buildings and equipment, net

    beginning of year $100,419 · end of year $88,474

  • 15 · Other assets

    beginning of year $4,086,480 · end of year $3,387,930

  • 17 · Accounts payable and accrued expenses

    beginning of year $332,965 · end of year $267,700

  • 19 · Deferred revenue

    beginning of year $39,702 · end of year $216,100

  • 23 · Secured mortgages and notes payable

    beginning of year $8,410,667 · end of year $9,059,188

  • 24 · Unsecured notes and loans payable

    beginning of year $48,803 · end of year $28,470

  • 25 · Other liabilities

    beginning of year $1,109,446 · end of year $825,335

  • 27 · Net assets without donor restrictions

    beginning of year $7,532,951 · end of year $7,300,062

  • 28 · Net assets with donor restrictions

    beginning of year $222,827 · end of year $175,896

Mission and programs · 2023

Mission

THE MISSION OF NEIGHBORHOOD HOUSING SERVICE OF GREATER BERKS IS TO FACILITATE AND PROVIDE AFFORDABLE HOUSING PROGRAMS AND INITIATIVES THAT WILL EXPAND HOMEOWNERSHIP OPPORTUNITIES FOR ALL THE PEOPLE OF BERKS COUNTY, ESPECIALLY LOW TO MODERATE INCOME FAMILITES, AND WILL CONTRIBUTE TO THE REVITALIZATION OF OUR NEIGHBORHOODS AND THE GREATER COMMUNITY.

Activities or mission (Part I)

TO FACILITATE AND PROVIDE AFFORDABLE HOUSING PROGRAMS AND INITIATIVES FOR ALL PEOPLE

  • REAL ESTATE AND REHABILITATION:THE ORGANIZATION SEEKS TO REMOVE BLIGHTED PROPERTIES THROUGH PURCHASE AND RENOVATION, WITH SUBSEQUENT RESALE TO FIRST TIME HOMEBUYERS. IN ADDITION, THE ORGANIZATION ACTS AS A CONSULTANT TO PROVIDE ADMINISTRATION OF REHABILITATION PROGRAMS RUN BY OTHER ENTITIES. REAL ESTATE AND REHABILITATION CONSTRUCTS NEW AFFORDABLE HOMES ON A SCATTERED SITE BASIS OUTSIDE THE CITY OF READING FOR FIRST-TIME HOMEOWNERS AND PROVIDES TECHNICAL ASSISTANCE TO THE HOME REPAIR PROGRAMS AND OPERATION RENOVATION.2023 PROGRAM ACCOMPLISHMENTS: WE PROVIDED 22 LOANS FOR HOME IMPROVEMENTS VIA OUR MY LIFE PROGRAM TOTALING $996,361

    Expenses $344,534 · Revenue $559,929

  • HOME OWNERSHIP CENTER: THE ORGANIZATION OFFERS ASSISTANCE THROUGH A VARIETY OF PROGRAMS TO CLIENTS WHO ARE PREPARING TO BECOME HOMEOWNERS, AND OFFERS SEVERAL TYPES OF LOANS TO ASSIST FIRST-TIME HOMEBUYERS. THE PROGRAMS INCLUDE LENDING FOR HOME PURCHASE ASSISTANCE AND HOME REPAIRS, HOMEBUYER EDUCATION, AND BUDGET AND CREDIT COUNSELING.2023 PROGRAM ACCOMPLISHMENTS: THE HOME OWNERSHIP CENTER VIA NHS ASSISTED 153 FAMILIES BUY THEIR FIRST HOME, LENDING $1,756,199 IN DOWN PAYMENT AND CLOSING COST ASSISTANCE LOANS.SEE SCHEDULE O FOR ADDITIONAL PROGRAM ACCOMPLISHMENTS. 354 INDIVIDUALS BENEFITED FROM THE FASTRACK HOMEBUYER EDUCATION WORKSHOPS AND 303 CLIENTS RECEIVED ONE-ON-ONE COUNSELING COVERING TOPICS SUCH AS: PRE-PURCHASE, PRE-CLOSING AND BUDGET/CREDIT COUNSELING (NOT INCLUDING FORECLOSURE SERVICES). THE TOTAL NHS LOAN PORTFOLIO REMAINED STRONG RELATIVE TO THE NATIONAL ECONOMY. 50 LOANS WERE PAST DUE AS OF DECEMBER 31ST OUT OF A TOTAL PORTFOLIO OF 933 LOANS.

    Expenses $2,794,189 · Revenue $597,508

  • NEIGHBORHOOD BUILDING: THE ORGANIZATION PROVIDES A NUMBER OF NEIGHBORHOOD-BASED INITIATIVES DESIGNED TO EMPOWER THE RESIDENTS TO CONTROL THEIR ENVIRONMENT INCLUDING ASSISTANCE IN RUNNING RESIDENT MEETINGS, PROVIDING RESOURCES, AND LEADERSHIP TRAINING. THEY ASSIST THE COMMUNITY IN GATHERING VOLUNTEERS FOR CLEAN-UPS AND REPAIR EFFORTS SUCH AS OPERATION RENOVATION.

    Expenses $5,608

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

Listed in Part VII

  • MARISOL TORRES

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • ERIKA HOFFMAN

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • BETH BOWERS ESQUIRE

    SECRETARY

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • TURIE SOTZIN

    TREASURER

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • GLENN KEY

    AT LARGE MEMBER

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • ERICA WENNELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ED MARKO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • AUGUSTO TORRES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • FRANK DIMAIO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • EDGAR CORTEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BARBARA LOPEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JUDY VAS KORLIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JUAN ZABALA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • RAQUEL J CAPELLAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JOHN EP SCHMOYER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • AARON BOOTH

    DIRECTOR THRU MARCH

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN T GIERINGER

    CEO, ASSISTANT TREASURER

    Total calculated
    $171,060
    From this org
    $147,511
    From related orgs
    $0
    Other
    $23,549
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $147,511
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $23,549
    Filer's total
    $171,060

  • DANIEL SANSARY

    EXECUTIVE DIRECTOR

    Total calculated
    $128,758
    From this org
    $106,008
    From related orgs
    $0
    Other
    $22,750
    Hours/week
    40

  • ERIKA DE LA MORA

    DEPUTY DIRECTOR

    Total calculated
    $129,820
    From this org
    $106,857
    From related orgs
    $0
    Other
    $22,963
    Hours/week
    40

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 · 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.

Provenance

Return type
form_990
Tax year
2023
Filed
25 September 2024
IRS schema version
2023v5.1
Source object
202422699349301217

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