← NEIGHBORHOOD HOUSING SERVICES OF TOLEDO INC

Form 990 for tax year 2024

Filed by NEIGHBORHOOD HOUSING SERVICES OF TOLEDO INC.

Totals

Total revenue: $7,958,793
Total expenses: $9,256,533
Contributions and grants received: $7,318,903
Grants paid: $0
Program service revenue: $67,080
Investment income: $572,810
Other revenue: $0
Total assets, end of year: $16,281,454
Total liabilities, end of year: $11,974,722
Net assets or fund balances, end of year: $4,306,732
Program services expenses (Part IX): $5,582,958
Management and general expenses: $3,673,575
Fundraising expenses: $0
Program service expenses (Part III): $5,582,958

Program services were 60.3% 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)

$1,130,346
1f · All other contributions, gifts and grants

$6,188,557
2a · Program service revenue: SUPPORTING SERVICE

total $36,886 · related or exempt $36,886
2b · Program service revenue: NEIGHBORHOOD REINVESTMENT

total $24,582 · related or exempt $24,582
2c · Program service revenue: DOE/HHS

total $4,967 · related or exempt $4,967
2d · Program service revenue: REVOLVING LOAN FUND

total $504 · related or exempt $504
2e · Program service revenue: STATE FARM INSURANCE

total $141 · related or exempt $141
3 · Investment income

total $302,815 · excluded $302,815
7a · Gross sales of assets other than inventory

securities $269,995
7c · Gain or loss

securities $269,995
7d · Net gain or loss

total $269,995 · related or exempt $269,995

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $206,911 · program services $117,330 · management and general $89,581
7 · Other salaries and wages

total $4,054,743 · program services $2,286,049 · management and general $1,768,694
8 · Pension plan contributions

total $60,081 · program services $37,250 · management and general $22,831
9 · Other employee benefits

total $1,096,451 · program services $627,846 · management and general $468,605
10 · Payroll taxes

total $323,975 · program services $183,525 · management and general $140,450
11a · Fees: management

total $556,222 · program services $258,081 · management and general $298,141
12 · Advertising and promotion

total $68,290 · program services $9,651 · management and general $58,639
13 · Office expenses

total $221,627 · program services $25,792 · management and general $195,835
16 · Occupancy

total $204,521 · management and general $204,521
17 · Travel

total $61,519 · program services $40,302 · management and general $21,217
19 · Conferences, conventions and meetings

total $24,810 · program services $7,917 · management and general $16,893
20 · Interest

total $100,092 · program services $57,912 · management and general $42,180
22 · Depreciation, depletion and amortization

total $102,968 · program services $44,906 · management and general $58,062
23 · Insurance

total $87,510 · program services $14,972 · management and general $72,538
24a · Other expenses: WEATHERIZATION & FURNACE

total $1,270,098 · program services $1,270,098
24b · Other expenses: PROGRAM MATERIAL

total $379,632 · program services $379,632
24c · Other expenses: REPAIRS & MAINTENANCE

total $118,383 · program services $116,884 · management and general $1,499
24d · Other expenses: PROPERTY MAINTENANCE

total $73,416 · management and general $73,416
24e · All other expenses

total $245,284 · program services $104,811 · management and general $140,473

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $2,008,555 · end of year $1,040,791
3 · Pledges and grants receivable

beginning of year $946,991 · end of year $2,396,913
7 · Other notes and loans receivable

beginning of year $9,741,094 · end of year $11,166,112
8 · Inventories for sale or use

beginning of year $104,779 · end of year $85,799
10a · Land, buildings and equipment: cost or other basis

$2,803,457
10b · Land, buildings and equipment: accumulated depreciation

$1,646,715
10c · Land, buildings and equipment, net

beginning of year $1,134,395 · end of year $1,156,742
13 · Investments: program-related

beginning of year $435,097 · end of year $435,097
15 · Other assets

beginning of year $2,625
17 · Accounts payable and accrued expenses

beginning of year $45,978 · end of year $2,102,786
19 · Deferred revenue

beginning of year $1,672,556 · end of year $2,921,729
23 · Secured mortgages and notes payable

beginning of year $6,135,932 · end of year $5,997,197
25 · Other liabilities

beginning of year $766,682 · end of year $953,010
27 · Net assets without donor restrictions

beginning of year $5,552,388 · end of year $4,081,732
28 · Net assets with donor restrictions

beginning of year $200,000 · end of year $225,000

Mission and programs · 2024

Mission

TO RESTORE AND REVITALIZE THE NHS NEIGHBORHOODS, PRIMARILY FOR THE BENEFIT OF CURRENT AND FUTURE INHABITANTS, BY PROVIDING SERVICES AND PROGRAMS WHICH RENEW PRIDE, STIMULATE INVESTMENT AND RESTORE CONFIDENCE AND TRUST.

PROJECT WARM CHOICE IS A PRIVATELY SPONSORED WEATHERIZATION PROGRAM AIMED AT THE LOW AND MODERATE INCOME NATURAL GAS CUSTOMERS FOR THE PURPOSE OF REDUCING MONTHLY UTILITY EXPENSES.

Expenses $1,912,687
THE HOME ENERGY ASSISTANCE PROGRAM IS A STATE SPONSORED WEATHERIZATION PROGRAM AIMED AT THE LOW AND MODERATE INCOME NATURAL GAS CUSTOMERS FOR THE PURPOSE OF REDUCING MONTHLY UTILITY EXPENSES.

Expenses $3,172,455 · Revenue $4,967
REVOLVING LOAN FUND PROGRAM PROVIDES LOANS FOR PURCHASE AND/OR REHABILITATION OF HOMES IN TOLEDO NEIGHBORHOODS TO LOW AND MODERATE INCOME ELIGIBLE INDIVIDUALS WHO COULD NOT OBTAIN A CONVENTIONAL BANK LOAN.

Expenses $2,644 · Revenue $504
NEIGHBORHOOD REINVESTMENT STATE FARM INSURANCE FUND COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION

Expenses $495,172 · Revenue $61,609

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Farnsel WilliamFARNSEL WILLIAM

EXECUTIVE DI

Total calculated

$206,912

From this org

$154,047

From related orgs

$0

Other

$52,865

Hours/week

40

Schedule J breakdown matched by us

Base

$154,047

Bonus

not reported

Other

not reported

Deferred

$52,865

Nontaxable benefits

not reported

Filer's total

$206,912
Killam ThomasKILLAM THOMAS

PRESIDENT

Total calculated

$0

Hours/week

1
Britt TraceyBRITT TRACEY

1ST VICE PRE

Total calculated

$0

Hours/week

1
Fall William CFALL WILLIAM C

2ND VICE PRE

Total calculated

$0

Hours/week

1
Pastula CheriPASTULA CHERI

SECRETARY

Total calculated

$0

Hours/week

1
Kolebuck StanleyKOLEBUCK STANLEY

TREASURER

Total calculated

$0

Hours/week

1
Adams MegADAMS MEG

TRUSTEE

Total calculated

$0

Hours/week

1
Allen AngelaALLEN ANGELA

TRUSTEE

Total calculated

$0

Hours/week

1
Anderson DorothyANDERSON DOROTHY

TRUSTEE

Total calculated

$0

Hours/week

1
Bishop MarticeBISHOP MARTICE

TRUSTEE

Total calculated

$0

Hours/week

1
Brown SheilaBROWN SHEILA

TRUSTEE

Total calculated

$0

Hours/week

1
Brown TatinaBROWN TATINA

TRUSTEE

Total calculated

$0

Hours/week

1
Chong MarquitaCHONG MARQUITA

TRUSTEE

Total calculated

$0

Hours/week

1
Cole RhondaCOLE RHONDA

TRUSTEE

Total calculated

$0

Hours/week

1
Cole TonyaCOLE TONYA

TRUSTEE

Total calculated

$0

Hours/week

1
Gerschutz SharonGERSCHUTZ SHARON

TRUSTEE

Total calculated

$0

Hours/week

1
Glover EuniceGLOVER EUNICE

TRUSTEE

Total calculated

$0

Hours/week

1
Hunyor MeganHUNYOR MEGAN

TRUSTEE

Total calculated

$0

Hours/week

1
Kramer BenKRAMER BEN

TRUSTEE

Total calculated

$0

Hours/week

1
Lawson RogerLAWSON ROGER

TRUSTEE

Total calculated

$0

Hours/week

1
Lenhart GaryLENHART GARY

TRUSTEE

Total calculated

$0

Hours/week

1
Ostrander Jon FOSTRANDER JON F

TRUSTEE

Total calculated

$0

Hours/week

1
Perryman BrianPERRYMAN BRIAN

TRUSTEE

Total calculated

$0

Hours/week

1
Walker DanettaWALKER DANETTA

TRUSTEE

Total calculated

$0

Hours/week

1
Wiggins EssieWIGGINS ESSIE

TRUSTEE

Total calculated

$0

Hours/week

1
Williams MicheleWILLIAMS MICHELE

TRUSTEE

Total calculated

$0

Hours/week

1
Jacomet MandyJACOMET MANDY

CFO

Total calculated

$133,040

From this org

$107,309

From related orgs

$0

Other

$25,731

Schedule J breakdown matched by us

Base

$107,309

Bonus

not reported

Other

not reported

Deferred

$25,731

Nontaxable benefits

not reported

Filer's total

$133,040
Sachs MichaelSACHS MICHAEL

COO

Total calculated

$148,427

From this org

$112,125

From related orgs

$0

Other

$36,302

Schedule J breakdown matched by us

Base

$112,125

Bonus

not reported

Other

not reported

Deferred

$36,302

Nontaxable benefits

not reported

Filer's total

$148,427

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

None.

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.

Related partnerships

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

TOTCO HOMES LTD

RELATED · HOUSING · OH · 99.99% owned · share of income -$67,963 · share of assets $975,451 · general or managing partner

Directly controlled by NHS INC
TCCN HOMES III LP

RELATED · HOUSING · OH · 0.1% owned · share of income -$41,069 · share of assets $640,344 · general or managing partner

Directly controlled by NHS INC
TCCN HOMES IV LP

RELATED · HOUSING · OH · 0.1% owned · share of income $70,785 · share of assets $829,742 · general or managing partner

Directly controlled by NHS INC
WEST CENTRAL HOMES LLC

RELATED · HOUSING · OH · 0.1% owned · share of income $13,161 · share of assets $716,346 · general or managing partner

Directly controlled by NHS INC
UNITED NORTH SCHOOL HOMES II LLC

RELATED · HOUSING · OH · 0.1% owned · share of income -$179 · share of assets -$2,127 · general or managing partner

Directly controlled by NHS INC
SOUTH TOLEDO HOMES II LTD

RELATED · HOUSING · OH · 99.99% owned · share of income -$168,162 · share of assets $1,382,762 · general or managing partner

Directly controlled by NHS INC
SOUTH TOLEDO HOMES LTD

RELATED · HOUSING · OH · 99.99% owned · share of income -$183,562 · share of assets $1,044,165 · general or managing partner

Directly controlled by NHS INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

SOUTH TOLEDO HOMES II INC

C CORP · HOUSING · OH · 51% owned · share of income -$9 · share of assets $95,309

Directly controlled by NHS INC
SOUTH EAST TOLEDO HOMES II INC

C CORP · HOUSING · OH · 51% owned · share of income -$9 · share of assets $101,811

Directly controlled by NHS INC
CHERRY LEGACY HOMES INC

C CORP · HOUSING · OH · 100% owned · share of income -$317 · share of assets $430,457

Directly controlled by NHS INC
NHS-TOTCO INC

C CORP · HOUSING · OH · 100% owned · share of income -$7 · share of assets -$136

Directly controlled by NHS INC
UNITED NORTH SCHOOL HOMES INC

C CORP · HOUSING · OH · 100% owned · share of income -$6 · share of assets -$166

Directly controlled by NHS INC
WEST CENTRAL HOMES-NHS INC

C CORP · HOUSING · OH · 100% owned · share of income -$68,278 · share of assets -$639,813

Directly controlled by NHS INC
TCCN HOMES IV-NHS INC

C CORP · HOUSING · OH · 100% owned · share of income -$76,120 · share of assets -$688,711

Directly controlled by NHS INC
TCCN HOMES III-NHS INC

C CORP · HOUSING · OH · 100% owned · share of assets -$36,173

Directly controlled by NHS INC

Provenance

Return type: form_990
Tax year: 2024
Filed: 13 November 2025
IRS schema version: 2024v5.0
Source object: 202513189349312181

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