Form 990 for tax year 2022
Filed by SALT LAKE NEIGHBORHOOD HOUSING SERVICES INC.
Totals
- Total revenue
- $3,725,475
- Total expenses
- $3,544,016
- Contributions and grants received
- $2,081,083
- Grants paid
- $724,000
- Program service revenue
- $1,378,807
- Investment income
- $241,085
- Other revenue
- $24,500
- Total assets, end of year
- $56,967,648
- Total liabilities, end of year
- $30,819,572
- Net assets or fund balances, end of year
- $26,148,076
- Program services expenses (Part IX)
- $2,631,976
- Management and general expenses
- $862,998
- Fundraising expenses
- $49,042
- Program service expenses (Part III)
- $2,631,976
Program services were 74.3% 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)
$1,024,698
-
1f · All other contributions, gifts and grants
$1,056,385
-
2a · Program service revenue: Interest Income
total $1,311,458 · related or exempt $1,311,458
-
2b · Program service revenue: Loan Service Fees
total $18,112 · related or exempt $18,112
-
2c · Program service revenue: Miscellaneous
total $6,026 · related or exempt $6,026
-
2d · Program service revenue: Net Sales of Property
total $43,211 · related or exempt $43,211
-
3 · Investment income
total $241,085 · related or exempt $241,085
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $24,500
-
6c · Rental income or loss
real property $24,500
-
6d · Net rental income or loss
total $24,500 · related or exempt $24,500
-
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
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $724,000 · program services $724,000
-
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 $263,044 · program services $149,108 · management and general $106,532 · fundraising $7,404
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $692,020 · program services $392,277 · management and general $280,265 · fundraising $19,478
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $99,872 · program services $42,943 · management and general $47,430 · fundraising $9,499
-
10 · Payroll taxes
total $90,047 · program services $1,677 · management and general $88,370
-
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 $0
-
12 · Advertising and promotion
total $43,597 · program services $13,808 · management and general $29,431 · fundraising $358
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $23,396 · program services $17,318 · management and general $5,671 · fundraising $407
-
17 · Travel
total $7,017 · program services $4,198 · management and general $2,819
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $747,056 · program services $747,056
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $16,792 · program services $9,449 · management and general $6,848 · fundraising $495
-
23 · Insurance
total $68,028 · program services $46,357 · management and general $20,211 · fundraising $1,460
-
24a · Other expenses: MISCELLANEOUS
total $316,727 · program services $218,597 · management and general $93,430 · fundraising $4,700
-
24b · Other expenses: PROFESSIONAL FEES
total $223,981 · program services $97,658 · management and general $126,256 · fundraising $67
-
24c · Other expenses: REPAIRS AND MAINTENANCE
total $129,240 · program services $89,224 · management and general $37,321 · fundraising $2,695
-
24d · Other expenses: Loan Closing Costs
total $72,195 · program services $67,112 · management and general $5,083
-
24e · All other expenses
total $27,004 · program services $11,194 · management and general $13,331 · fundraising $2,479
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $21,826,572 · end of year $26,502,069
-
2 · Savings and temporary cash investments
beginning of year $584,831 · end of year $181,552
-
3 · Pledges and grants receivable
beginning of year $186,378 · end of year $155,246
-
4 · Accounts receivable
end of year $0
-
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 $20,606,092 · end of year $20,457,702
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $30,054 · end of year $33,757
-
10a · Land, buildings and equipment: cost or other basis
$886,928
-
10b · Land, buildings and equipment: accumulated depreciation
$797,326
-
10c · Land, buildings and equipment, net
beginning of year $86,635 · end of year $89,602
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
beginning of year $5,054,874 · end of year $4,658,089
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $3,438,092 · end of year $4,889,631
-
17 · Accounts payable and accrued expenses
beginning of year $174,389 · end of year $65,069
-
23 · Secured mortgages and notes payable
beginning of year $25,943,935 · end of year $30,342,878
-
25 · Other liabilities
beginning of year $541,626 · end of year $411,625
-
27 · Net assets without donor restrictions
beginning of year $24,102,893 · end of year $25,094,188
-
28 · Net assets with donor restrictions
beginning of year $1,050,685 · end of year $1,053,888
Mission and programs · 2022
Mission
NEIGHBORWORKS SALT LAKE BUILDS ON THE STRENGTHS OF NEIGHBORHOODS, CREATING OPPORTUNITIES THROUGH HOUSING,RESIDENT LEADERSHIP, AND YOUTH AND ECONOMIC DEVELOPMENT. WE WORK IN PARTNERSHIP WITH OUR RESIDENTS, GOVERNMENT,AND BUSINESSES TO BUILD AND SUSTAIN NEIGHBORHOODS OF CHOICE.
-
HOME OWNERSHIP PRESERVATION AND PROMOTION - PROVIDES FINANCING FOR QUALIFIED FIRST-TIME HOMEBUYERS AND FOR HOME IMPROVEMENT AND CONSTRUCTION LOANS FOR PERSONS WHO ARE UNABLE TO OBTAIN FINANCING FROM TRADITIONAL SOURCES.
Expenses $1,033,981
-
THE AFFORDABLE HOUSING MISSION INVESTMENT FUND IS AN ENTERPRISE LEVEL LOAN FUND THAT LENDS MONEY TO EXEMPLARY RATED NEIGHBORWORKS ORGANIZATIONS ACROSS THE COUNTRY TO HELP PROMOTE AFFORDABLE AND SUSTAINABLE HOUSING, ECONOMIC DEVELOPMENT AND NEIGHBORHOOD REVITALIZATION. LOANS TYPICALLY RANGE FROM $250,000 TO $1,500,000 FOR APPROXIMATELY 5 YEARS AND CAN BE USED BY THE ORGANIZATION FOR FUNDING IN ONE OF THE ORGANIZATION'S LINES OF BUSINESS. THE LOAN IS NOT PROJECT BASED, BUT CAN BE SHIFTED FROM PROJECT TO PROJECT DURING THE LOAN PERIOD.
Expenses $769,240
-
REAL ESTATE DEVELOPMENT - PROVIDES ACTIVITIES INVOLVED IN DEVELOPING RESIDENTIAL, COMMERCIAL, AND MULTI-FAMILY REAL ESTATE.
Expenses $394,509
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Maria Garciaz
Executive Dir.
- Total calculated
- $158,260
- From this org
- $131,260
- From related orgs
- $0
- Other
- $27,000
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $131,260
- Bonus
- not reported
- Other
- not reported
- Deferred
- $27,000
- Nontaxable benefits
- not reported
- Filer's total
- $158,260
-
Nicholas Stiles
Key Employee
- Total calculated
- $104,784
- From this org
- $104,784
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Adebimpe Deji-Olatunde
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Alama Uluave
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Amber Gracanin
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Briget Shears
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Bryce Garner
President
- Total calculated
- $0
- Hours/week
- 5
-
Carlos Palestina
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Charlie Knadler
President
- Total calculated
- $0
- Hours/week
- 5
-
Christy Sapp
Vice President
- Total calculated
- $0
- Hours/week
- 5
-
Curt Mansfield
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Elvon Farrell
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Jeff Berkson
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Jim Wood
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Jonathan Oettli
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Michael Ulibarri
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Noreen Pruyt
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Roberta Reichgelt
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Scot Barraclough
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Sean McKenna
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Wayne Murakami
Secretary
- Total calculated
- $0
- Hours/week
- 5
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 · 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.
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.
-
NWSL 2012 AHMI Fund LLC
Lending · UT
Directly controlled by Salt Lake Neighorhood Housing Services
-
NWSL 2017 AHMI Fund LLC
Lending · UT · income $1,206,158 · assets $24,113,440
Directly controlled by Salt Lake Neighorhood Housing Services
-
NWSL EUCLID LLC
Lending · UT · income -$43 · assets $738,461
Directly controlled by Salt Lake Neighorhood Housing Services
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 29 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202400899349301620
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