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← NEIGHBORHOOD HOUSING SERVICES OF SOUTHERN NEVADA INC

Form 990 for tax year 2023

Filed by NEIGHBORHOOD HOUSING SERVICES OF SOUTHERN NEVADA INC.

Totals

Total revenue
$3,330,744
Total expenses
$3,177,091
Contributions and grants received
$1,553,401
Grants paid
$0
Program service revenue
$1,672,524
Investment income
$4,925
Other revenue
$99,894
Total assets, end of year
$16,395,482
Total liabilities, end of year
$1,303,638
Net assets or fund balances, end of year
$15,091,844
Program services expenses (Part IX)
$2,279,541
Management and general expenses
$741,318
Fundraising expenses
$156,232
Program service expenses (Part III)
$2,279,541

Program services were 71.7% 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)

    $469,003

  • 1f · All other contributions, gifts and grants

    $1,084,398

  • 1g · Noncash contributions included above

    $330,000

  • 2a · Program service revenue: RENTAL INCOME

    total $1,416,407 · related or exempt $1,416,407

  • 2b · Program service revenue: DEVELOPER FEES

    total $220,434 · related or exempt $220,434

  • 2c · Program service revenue: OTHER PROGRAM INCOME

    total $35,683 · related or exempt $35,683

  • 3 · Investment income

    total $4,925 · excluded $4,925

  • 8a · Fundraising events: gross income

    $91,291

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $91,291 · excluded $91,291

  • 11a · Other revenue: OTHER MISCELLANEOUS IN

    total $8,603 · related or exempt $8,603

  • 11e · Other revenue, total

    $8,603

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $543,683 · program services $287,274 · management and general $206,315 · fundraising $50,094

  • 7 · Other salaries and wages

    total $880,083 · program services $482,339 · management and general $313,636 · fundraising $84,108

  • 8 · Pension plan contributions

    total $2,813 · management and general $2,813

  • 11g · Fees: other

    total $69,781 · program services $24,485 · management and general $45,296

  • 12 · Advertising and promotion

    total $3,059 · program services $1,854 · management and general $1,205

  • 13 · Office expenses

    total $29,097 · program services $9,773 · management and general $19,188 · fundraising $136

  • 14 · Information technology

    total $14,710 · program services $7,222 · management and general $5,925 · fundraising $1,563

  • 16 · Occupancy

    total $170,299 · program services $158,184 · management and general $10,099 · fundraising $2,016

  • 17 · Travel

    total $25,344 · program services $5,319 · management and general $20,025

  • 19 · Conferences, conventions and meetings

    total $103,912 · program services $70,242 · management and general $18,495 · fundraising $15,175

  • 20 · Interest

    total $36,145 · program services $26,753 · management and general $9,342 · fundraising $50

  • 22 · Depreciation, depletion and amortization

    total $619,644 · program services $601,456 · management and general $18,188

  • 23 · Insurance

    total $100,003 · program services $77,967 · management and general $22,036

  • 24a · Other expenses: CONTRACT EXPENSES

    total $246,335 · program services $220,492 · management and general $22,852 · fundraising $2,991

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $185,621 · program services $179,322 · management and general $6,299 · fundraising $0

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $50,395 · program services $50,395 · management and general $0 · fundraising $0

  • 24d · Other expenses: PROPERTY TAXES

    total $38,378 · program services $38,151 · management and general $227 · fundraising $0

  • 24e · All other expenses

    total $57,789 · program services $38,313 · management and general $19,377 · fundraising $99

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,305,730 · end of year $1,213,290

  • 2 · Savings and temporary cash investments

    beginning of year $547,876 · end of year $356,257

  • 3 · Pledges and grants receivable

    beginning of year $95,305 · end of year $10,000

  • 4 · Accounts receivable

    beginning of year $4,950 · end of year $11,080

  • 7 · Other notes and loans receivable

    beginning of year $46,019 · end of year $13,128

  • 9 · Prepaid expenses and deferred charges

    beginning of year $133,732 · end of year $139,128

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

    $16,263,148

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

    $5,707,566

  • 10c · Land, buildings and equipment, net

    beginning of year $10,832,278 · end of year $10,555,582

  • 14 · Intangible assets

    beginning of year $1,868 · end of year $1,596

  • 15 · Other assets

    beginning of year $3,513,995 · end of year $4,095,421

  • 17 · Accounts payable and accrued expenses

    beginning of year $104,942 · end of year $141,602

  • 19 · Deferred revenue

    beginning of year $19,402 · end of year $38,035

  • 21 · Escrow or custodial account liability

    beginning of year $93,516 · end of year $102,563

  • 23 · Secured mortgages and notes payable

    beginning of year $1,315,902 · end of year $1,015,792

  • 25 · Other liabilities

    beginning of year $9,800 · end of year $5,646

  • 27 · Net assets without donor restrictions

    beginning of year $11,206,793 · end of year $10,893,214

  • 28 · Net assets with donor restrictions

    beginning of year $3,731,398 · end of year $4,198,630

Mission and programs · 2023

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 $2,279,541 · Revenue $1,681,127

As filed on the 2023 return.

Listed in Part VII

  • Darius Toston

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Tiffany Webb

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Elise Ross

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Scott Sellers

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Abraham Camejo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Bryan Lebo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Christopher Guy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Richard Corey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tammi Jensen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michael Holmes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Gabriela Wyett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Quentin Savwoir

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michelle Merced

    CEO

    Total calculated
    $206,840
    From this org
    $202,511
    From related orgs
    $0
    Other
    $4,329
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,511
    Bonus
    $0
    Other
    $0
    Deferred
    $4,329
    Nontaxable benefits
    $0
    Filer's total
    $206,840

  • Robert Timmerman

    CFO

    Total calculated
    $170,758
    From this org
    $163,006
    From related orgs
    $0
    Other
    $7,752
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,006
    Bonus
    $0
    Other
    $0
    Deferred
    $7,752
    Nontaxable benefits
    $0
    Filer's total
    $170,758

  • Kathy Freeman

    VICE PRESIDENT/COO

    Total calculated
    $166,085
    From this org
    $158,648
    From related orgs
    $0
    Other
    $7,437
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,648
    Bonus
    $0
    Other
    $0
    Deferred
    $7,437
    Nontaxable benefits
    $0
    Filer's total
    $166,085

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 · income $0 · assets $9,639,946

    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

Provenance

Return type
form_990
Tax year
2023
Filed
27 August 2024
IRS schema version
2023v5.1
Source object
202422429349301562

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