Form 990 for tax year 2023
Filed by NEIGHBORHOOD HOUSING SERVICES OF BALTIMORE INC.
Totals
- Total revenue
- $6,961,120
- Total expenses
- $6,450,535
- Contributions and grants received
- $7,392,482
- Grants paid
- $0
- Program service revenue
- $1,456,336
- Investment income
- -$1,903,775
- Other revenue
- $16,077
- Total assets, end of year
- $47,128,684
- Total liabilities, end of year
- $21,038,138
- Net assets or fund balances, end of year
- $26,090,546
- Program services expenses (Part IX)
- $5,155,978
- Management and general expenses
- $1,099,403
- Fundraising expenses
- $195,154
- Program service expenses (Part III)
- $5,155,978
Program services were 79.9% 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)
$5,649,404
-
1f · All other contributions, gifts and grants
$1,743,078
-
2a · Program service revenue: LOAN INT AND LATE FEES
total $970,487 · related or exempt $970,487
-
2b · Program service revenue: FISCAL RELATIONSHIP FEE
total $218,582 · related or exempt $218,582
-
2c · Program service revenue: LENDING FEES
total $131,528 · related or exempt $131,528
-
2d · Program service revenue: AC REHAB & ADMINISTRATIVE FEES
total $127,302 · related or exempt $127,302
-
2e · Program service revenue: HOMEOWNERSHIP FEES
total $8,437 · related or exempt $8,437
-
3 · Investment income
total $56,031 · excluded $56,031
-
7a · Gross sales of assets other than inventory
other assets $3,373,610
-
7b · Less cost or other basis and sales expenses
other assets $5,333,416
-
7c · Gain or loss
other assets -$1,959,806
-
7d · Net gain or loss
total -$1,959,806 · excluded -$1,959,806
-
11a · Other revenue: MISCELLANEOUS INCOME
total $15,015 · related or exempt $15,015
-
11b · Other revenue: RECOVERY OF BABD DEBT
total $1,062 · related or exempt $1,062
-
11e · Other revenue, total
$16,077
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $309,737 · program services $269,471 · management and general $30,974 · fundraising $9,292
-
7 · Other salaries and wages
total $2,225,067 · program services $1,935,808 · management and general $222,506 · fundraising $66,753
-
8 · Pension plan contributions
total $62,245 · program services $54,154 · management and general $6,224 · fundraising $1,867
-
9 · Other employee benefits
total $261,067 · program services $227,128 · management and general $26,107 · fundraising $7,832
-
10 · Payroll taxes
total $184,046 · program services $160,120 · management and general $18,405 · fundraising $5,521
-
11b · Fees: legal
total $21,055 · management and general $21,055
-
11c · Fees: accounting
total $63,815 · management and general $63,815
-
11g · Fees: other
total $295,797 · program services $243,125 · management and general $44,288 · fundraising $8,384
-
12 · Advertising and promotion
total $72,323 · fundraising $72,323
-
13 · Office expenses
total $241,189 · program services $107,425 · management and general $132,850 · fundraising $914
-
14 · Information technology
total $216,673 · program services $188,506 · management and general $21,667 · fundraising $6,500
-
16 · Occupancy
total $118,443 · program services $103,046 · management and general $11,844 · fundraising $3,553
-
17 · Travel
total $23,086 · management and general $23,086
-
20 · Interest
total $333,798 · management and general $333,798
-
22 · Depreciation, depletion and amortization
total $41,603 · program services $36,195 · management and general $4,160 · fundraising $1,248
-
23 · Insurance
total $102,065 · management and general $102,065
-
24a · Other expenses: EXPENSES RELATED TO GRA
total $1,018,883 · program services $1,018,883
-
24b · Other expenses: COMMUNITY PROJECTS
total $354,086 · program services $354,086
-
24c · Other expenses: PARTNERSHIP AND PASSTHR
total $353,616 · program services $307,646 · management and general $35,362 · fundraising $10,608
-
24d · Other expenses: PROVISIONAL LOAN LOSS
total $100,768 · program services $100,768
-
24e · All other expenses
total $51,173 · program services $49,617 · management and general $1,197 · fundraising $359
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,959,572 · end of year $5,684,931
-
3 · Pledges and grants receivable
beginning of year $960,477 · end of year $360,779
-
7 · Other notes and loans receivable
beginning of year $20,712,052 · end of year $22,612,376
-
10a · Land, buildings and equipment: cost or other basis
$78,772
-
10b · Land, buildings and equipment: accumulated depreciation
$36,426
-
10c · Land, buildings and equipment, net
beginning of year $77,478 · end of year $42,346
-
11 · Investments: publicly traded securities
beginning of year $78,367 · end of year $181,057
-
12 · Investments: other securities
beginning of year $5,392,967 · end of year $10,645,852
-
15 · Other assets
beginning of year $6,493,813 · end of year $7,601,343
-
17 · Accounts payable and accrued expenses
beginning of year $646,033 · end of year $274,920
-
19 · Deferred revenue
beginning of year $13,045 · end of year $2,350,316
-
23 · Secured mortgages and notes payable
beginning of year $10,668,064 · end of year $17,556,159
-
25 · Other liabilities
beginning of year $767,623 · end of year $856,743
-
27 · Net assets without donor restrictions
beginning of year $5,347,678 · end of year $5,439,290
-
28 · Net assets with donor restrictions
beginning of year $20,232,283 · end of year $20,651,256
Mission and programs · 2023
Mission
NEIGHBORHOOD HOUSING SERVICES OF BALTIMORE (NHS) STIMULATES, PROTECTS AND PRESERVES HOMEOWNERSHIP AND FINANCIAL WELL-BEING TO STRENGTHEN COMMUNITIES.
-
WITHIN THE LENDING DEPARTMENT, NHS BALTIMORE OFFERS A VARIETY OF LOANS FOR DOWN PAYMENT AND CLOSING COST ASSISTANCE, OWNER OCCUPIED REHAB AND SMALL DOLLAR CONSUMER LOANS. REHAB LENDING IS A HOME IMPROVEMENT LOAN TO ASSIST WITH STRUCTURAL REPAIR AND PARTICIPANTS CAN RECEIVE A LOAN OF UP TO $30,000 DEPENDING ON THE LEVEL OF WORK NEEDED FOR THE HOME. AN NHS STAFF PERSON ASSISTS IN BIDDING AND OVERSEEING CONSTRUCTION. QUICK FIX SMALL REHAB LOANS ARE FOR SMALLER JOBS AND PARTICIPANTS CAN RECEIVE LOANS UP TO $5,000. SMALL DOLLAR FOR REHAB CONSUMER LOANS AND SMALL DOLLAR CONSUMER LOANS ARE AVAILABLE FOR ALMOST ANYTHING TO ASSIST IN TIMES OF NEED. TAX SALE LOANS ARE FOR BORROWERS IN DANGER OF LOSING THEIR HOMES TO TAX SALE IN BALTIMORE CITY FOR SMALL AMOUNTS OF MONEY.
Expenses $2,222,444 · Revenue $1,102,015
-
NHS FOCUSES ON THE GREATER MONDAWMIN AND COPPIN HEIGHTS COMMUNITIES OF WEST BALTIMORE SECURING AND DEPLOYING RESOURCES TO IMPROVE THE COMMUNITY.
Expenses $1,254,846
-
NHS BALTIMORE HAS A VARIETY OF EDUCATIONAL AND COUNSELING PROGRAMS. THE HOMEOWNERSHIP COUNSELING PROGRAM IS A HUD APPROVED PROGRAM FOR FIRST TIME HOMEBUYERS LOOKING TO OBTAIN A CERTIFICATE THROUGH ATTENDING AN 8 HOURS HOMEBUYER WORKSHOP AND INDIVIDUAL COUNSELING. THE FAST TRACK FINANCIAL COACHING PROGRAM IS GEARED TO HELP INDIVIDUALS AND FAMILIES DEVELOP SOUND FINANCIAL MANAGEMENT SKILLS IN THEIR QUEST TO BUY A HOME. THE FINANCIAL FITNESS PROGRAM TEACHES INDIVIDUALS HOW TO MANAGE INCOME, CREATE A BUDGET, SAVE, AND APPLY FOR AND USE CREDIT TO YOUR ADVANTAGE. THE EXPEDITED COUNSELING PROGRAM GIVES INDIVIDUALS ACCESS TO EXPEDITED COUNSELING SERVICES MORE QUICKLY FOR A FEE.
Expenses $1,678,688 · Revenue $8,437
As filed on the 2023 return.
Listed in Part VII
-
Daniel T EllisDANIEL T ELLIS
EXECUTIVE DIRECTOR
- Total calculated
- $175,064
- From this org
- $165,498
- From related orgs
- $0
- Other
- $9,566
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $165,498
- Bonus
- $0
- Other
- $0
- Deferred
- $9,566
- Nontaxable benefits
- $0
- Filer's total
- $175,064
-
Darien NolinDARIEN NOLIN
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Alfonso PearsonALFONSO PEARSON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Bree JonesBREE JONES
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Neekta KhorsandNEEKTA KHORSAND
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Sheena HamSHEENA HAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jackie CaldwellJACKIE CALDWELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Harry T Spikes IIHARRY T SPIKES II
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Melissa ArcherMELISSA ARCHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
April LewisAPRIL LEWIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jessa WaisJESSA WAIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Barbara EucebioBARBARA EUCEBIO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ramsey HarrisRAMSEY HARRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cortenay DesabayeCORTENAY DESABAYE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Agatha SoAGATHA SO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Johnette RichardsonJOHNETTE RICHARDSON
COO
- Total calculated
- $142,426
- From this org
- $135,856
- From related orgs
- $0
- Other
- $6,570
- Hours/week
- 40
-
Cathy SemansCATHY SEMANS
SNIOR DIR OF OPERATIONS
- Total calculated
- $108,248
- From this org
- $105,248
- From related orgs
- $0
- Other
- $3,000
- Hours/week
- 40
-
Ann SherrillANN SHERRILL
SNIOR DIR OF RESOURCE DEVELOPMENT
- Total calculated
- $106,603
- From this org
- $103,603
- From related orgs
- $0
- Other
- $3,000
- 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 · Independent compensation consultant
- 3 · Form 990 of other organizations
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.
-
THE MILL ON NORTH LLC INVESTMENT
INVESTMENT · MD · 50% owned · share of assets $2,277,265
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202540779349300134
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