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← NEIGHBORHOOD HOUSING SERVICES OF SOUTHERN NEVADA INC

Form 990 for tax year 2024

Filed by NEIGHBORHOOD HOUSING SERVICES OF SOUTHERN NEVADA INC.

Totals

Total revenue
$6,066,088
Total expenses
$3,241,979
Contributions and grants received
$1,119,692
Grants paid
$0
Program service revenue
$2,134,728
Investment income
$2,609,605
Other revenue
$202,063
Total assets, end of year
$20,826,365
Total liabilities, end of year
$2,910,412
Net assets or fund balances, end of year
$17,915,953
Program services expenses (Part IX)
$2,760,773
Management and general expenses
$247,418
Fundraising expenses
$233,788
Program service expenses (Part III)
$2,760,773

Program services were 85.2% 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)

    $345,269

  • 1f · All other contributions, gifts and grants

    $774,423

  • 2a · Program service revenue: RENTAL INCOME

    total $1,528,580 · related or exempt $1,528,580

  • 2b · Program service revenue: DEVELOPER FEES

    total $481,407 · related or exempt $481,407

  • 2c · Program service revenue: OTHER PROGRAM INCOME

    total $124,741 · related or exempt $124,741

  • 3 · Investment income

    total $23,857 · excluded $23,857

  • 7a · Gross sales of assets other than inventory

    other assets $4,410,000

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

    other assets $1,824,252

  • 7c · Gain or loss

    other assets $2,585,748

  • 7d · Net gain or loss

    total $2,585,748 · related or exempt $2,585,748

  • 8a · Fundraising events: gross income

    $270,220

  • 8b · Fundraising events: direct expenses

    $117,285

  • 8c · Net income from fundraising events

    total $152,935 · excluded $152,935

  • 11a · Other revenue: OTHER INCOME

    total $49,128 · related or exempt $49,128

  • 11e · Other revenue, total

    $49,128

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $493,670 · program services $348,967 · management and general $70,653 · fundraising $74,050

  • 7 · Other salaries and wages

    total $809,699 · program services $572,361 · management and general $115,882 · fundraising $121,456

  • 8 · Pension plan contributions

    total $4,025 · program services $3,162 · management and general $863

  • 11g · Fees: other

    total $241,372 · program services $240,227 · management and general $1,145

  • 12 · Advertising and promotion

    total $56,800 · program services $55,698 · management and general $1,102

  • 13 · Office expenses

    total $39,932 · program services $34,518 · management and general $5,414

  • 14 · Information technology

    total $6,842 · program services $6,364 · management and general $271 · fundraising $207

  • 16 · Occupancy

    total $200,069 · program services $196,171 · management and general $2,050 · fundraising $1,848

  • 17 · Travel

    total $19,574 · program services $19,574

  • 19 · Conferences, conventions and meetings

    total $48,268 · program services $22,017 · management and general $1,792 · fundraising $24,459

  • 20 · Interest

    total $92,256 · program services $91,893 · management and general $363

  • 22 · Depreciation, depletion and amortization

    total $594,071 · program services $580,507 · management and general $13,564

  • 23 · Insurance

    total $133,872 · program services $127,888 · management and general $5,984

  • 24a · Other expenses: CONTRACT EXPENSES

    total $190,370 · program services $183,022 · management and general $5,647 · fundraising $1,701

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $134,343 · program services $133,992 · management and general $351

  • 24c · Other expenses: TRAINING

    total $53,357 · program services $30,402 · management and general $12,955 · fundraising $10,000

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $37,257 · program services $37,257

  • 24e · All other expenses

    total $86,202 · program services $76,753 · management and general $9,382 · fundraising $67

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,213,290 · end of year $6,785,418

  • 2 · Savings and temporary cash investments

    beginning of year $356,257 · end of year $32,999

  • 3 · Pledges and grants receivable

    beginning of year $10,000 · end of year $10,000

  • 4 · Accounts receivable

    beginning of year $11,080 · end of year $4,965

  • 7 · Other notes and loans receivable

    beginning of year $13,128 · end of year $12,395

  • 9 · Prepaid expenses and deferred charges

    beginning of year $139,128 · end of year $73,169

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

    $12,105,266

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

    $3,417,855

  • 10c · Land, buildings and equipment, net

    beginning of year $10,555,582 · end of year $8,687,411

  • 14 · Intangible assets

    beginning of year $1,596 · end of year $1,437

  • 15 · Other assets

    beginning of year $4,095,421 · end of year $5,218,571

  • 17 · Accounts payable and accrued expenses

    beginning of year $141,602 · end of year $1,905,902

  • 19 · Deferred revenue

    beginning of year $38,035 · end of year $26,199

  • 21 · Escrow or custodial account liability

    beginning of year $102,563 · end of year $77,093

  • 23 · Secured mortgages and notes payable

    beginning of year $1,015,792 · end of year $899,944

  • 25 · Other liabilities

    beginning of year $5,646 · end of year $1,274

  • 27 · Net assets without donor restrictions

    beginning of year $10,893,214 · end of year $13,294,094

  • 28 · Net assets with donor restrictions

    beginning of year $4,198,630 · end of year $4,621,859

Mission and programs · 2024

Mission

NEIGHBORHOOD HOUSING SERVICES OF SOUTHERN NEVADA, INC (NHSSN) PURPOSE IS TO PROVIDE AFFORDABLE HOUSING, HOMEOWNERSHIP, EDUCATION AND NEIGHBORHOOD REVITALIZATION IN TARGETED AREAS THROUGHOUT SOUTHERN NEVADA TO LOW AND MODERATE-INCOME INDIVIDUALS AND FAMILIES

  • SEE MISSION ABOVE.

    Expenses $2,760,773 · Revenue $4,769,604

As filed on the 2024 return.

Listed in Part VII

  • Darius Toston

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Tiffany Webb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Austin Burnham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Richard Corey

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Xiaoxiao Wang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Bryan Lebo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Christopher Guy

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Scott Sellers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Hassan Chaudhry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Gabriela Wyatt

    2ND VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Quentin Savwior

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Marisa Cervantes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Marc Matsuo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michelle Merced

    CEO

    Total calculated
    $270,452
    From this org
    $266,217
    From related orgs
    $0
    Other
    $4,235
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,876
    Bonus
    $0
    Other
    $41,341
    Deferred
    $4,235
    Nontaxable benefits
    $0
    Filer's total
    $270,452

  • Kathy Freeman

    VICE PRESIDENT/COO

    Total calculated
    $223,218
    From this org
    $214,920
    From related orgs
    $0
    Other
    $8,298
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,954
    Bonus
    $0
    Other
    $34,966
    Deferred
    $8,298
    Nontaxable benefits
    $0
    Filer's total
    $223,218

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.

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.

  • NEIGHBORWORKS AMERICA

    501(C)(3) · CHARITABLE · DC

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.

  • NHS HOLDINGS INC

    HOLDING CO · NV · assets $11,202,427

    Directly controlled by NEIGHBORHOOD HOUSING SERVICES OF SOUTHERN NEVADA INC

Related partnerships

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

  • EASTERN LAND LLC

    UNRELATED · REAL ESTATE · NV · 0.01% owned · general or managing partner

  • EASTERN LAND II LLC

    UNRELATED · REAL ESTATE · NV · 0.01% owned · general or managing partner

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202533219349325383

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