← NEIGHBORHOOD HOUSING SERVICES OF WACO INC

Form 990 for tax year 2022

Filed by NEIGHBORHOOD HOUSING SERVICES OF WACO INC.

Totals

Total revenue: $1,679,246
Total expenses: $1,739,593
Contributions and grants received: $382,718
Grants paid: $0
Program service revenue: $324,215
Investment income: $87,237
Other revenue: $885,076
Total assets, end of year: $16,590,075
Total liabilities, end of year: $9,418,822
Net assets or fund balances, end of year: $7,171,253
Program services expenses (Part IX): $1,106,777
Management and general expenses: $632,816
Fundraising expenses: $0
Program service expenses (Part III): $1,106,777

Program services were 63.6% 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)

$10,360
1f · All other contributions, gifts and grants

$372,358
2a · Program service revenue: INTEREST INCOME-LOANS

total $150,110 · related or exempt $150,110
2b · Program service revenue: PROPERTY DEVELOPMENT FEES

total $68,690 · related or exempt $68,690
2c · Program service revenue: SERVICE INCOME

total $66,727 · related or exempt $66,727
2d · Program service revenue: LOAN ORIGINATION FEES

total $37,168 · related or exempt $37,168
2e · Program service revenue: PAYMENT ON LOANS WRITTEN OFF

total $1,520 · related or exempt $1,520
3 · Investment income

total $20,454 · excluded $20,454
6a · Gross rents

real property $1,598,760
6b · Less rental expenses

real property $671,561
6c · Rental income or loss

real property $927,199
6d · Net rental income or loss

total $927,199 · related or exempt $927,199
7a · Gross sales of assets other than inventory

other assets $212,000
7b · Less cost or other basis and sales expenses

other assets $145,217
7c · Gain or loss

other assets $66,783
7d · Net gain or loss

total $66,783 · related or exempt $66,783
8a · Fundraising events: gross income

$2,082
8b · Fundraising events: direct expenses

$0
8c · Net income from fundraising events

total $2,082 · excluded $2,082
10a · Gross sales of inventory

$580,000
10b · Cost of goods sold

$646,955
10c · Net income from sales of inventory

total -$66,955 · related or exempt -$66,955
11a · Other revenue: ANNUAL MEETING

total $22,750 · related or exempt $22,750
11e · Other revenue, total

$22,750

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $472,664 · program services $349,269 · management and general $123,395
7 · Other salaries and wages

total $300,813 · program services $222,282 · management and general $78,531
8 · Pension plan contributions

total $12,839 · program services $9,487 · management and general $3,352
9 · Other employee benefits

total $48,260 · program services $35,661 · management and general $12,599
10 · Payroll taxes

total $62,139 · program services $45,917 · management and general $16,222
11b · Fees: legal

total $275 · program services $150 · management and general $125
11c · Fees: accounting

total $40,085 · management and general $40,085
11g · Fees: other

total $6,650 · program services $54 · management and general $6,596
12 · Advertising and promotion

total $65,500 · program services $1,351 · management and general $64,149
13 · Office expenses

total $45,950 · program services $11,998 · management and general $33,952
14 · Information technology

total $38,684 · program services $11,152 · management and general $27,532
16 · Occupancy

total $56,862 · program services $5,640 · management and general $51,222
19 · Conferences, conventions and meetings

total $84,340 · program services $5,297 · management and general $79,043
20 · Interest

total $92,433 · program services $46,387 · management and general $46,046
22 · Depreciation, depletion and amortization

total $287,871 · program services $269,642 · management and general $18,229
23 · Insurance

total $24,128 · management and general $24,128
24a · Other expenses: MISCELLANEOUS

total $74,425 · program services $72,785 · management and general $1,640
24b · Other expenses: CLIENT SERVICES

total $17,259 · program services $12,927 · management and general $4,332
24c · Other expenses: BUILDING COALITION & PR

total $8,416 · program services $6,778 · management and general $1,638

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $2,578,090 · end of year $1,966,370
2 · Savings and temporary cash investments

beginning of year $266,846 · end of year $298,073
4 · Accounts receivable

beginning of year $366,075 · end of year $397,743
7 · Other notes and loans receivable

beginning of year $3,032,288 · end of year $2,950,277
8 · Inventories for sale or use

beginning of year $1,065,087 · end of year $923,379
9 · Prepaid expenses and deferred charges

beginning of year $24,775 · end of year $29,749
10a · Land, buildings and equipment: cost or other basis

$12,653,720
10b · Land, buildings and equipment: accumulated depreciation

$2,629,236
10c · Land, buildings and equipment, net

beginning of year $9,830,945 · end of year $10,024,484
17 · Accounts payable and accrued expenses

beginning of year $1,364,451 · end of year $946,203
19 · Deferred revenue

beginning of year $231,669 · end of year $216,199
21 · Escrow or custodial account liability

beginning of year $114,938 · end of year $99,947
23 · Secured mortgages and notes payable

beginning of year $8,162,096 · end of year $8,027,567
25 · Other liabilities

beginning of year $130,945 · end of year $128,906
27 · Net assets without donor restrictions

beginning of year $6,400,674 · end of year $6,635,955
28 · Net assets with donor restrictions

beginning of year $759,333 · end of year $535,298

Mission and programs · 2022

Mission

BUILDING STRONGER NEIGHBORHOODS THROUGH HOMEOWNERSHIP, QUALITY RENTAL HOUSING AND COMMUNITY BUILDING INITIATIVES.

Activities or mission (Part I)

BUILD STRONGER NEIGHBORHOODS THROUGH HOMEOWNERSHIP AND OTHER QUALITY HOUSING OPPORTUNITIES.

PROPERTY MANAGEMENT - THE ORGANIZATION OFFERS A LEASE-PURCHASE PROGRAM FOR FAMILES ON THE CUSP OF HOMEOWNERSHIP. THE ORGANIZATION OWNED AND MANAGED 115 RENTAL UNITS DURING FISCAL YEAR 2023 THAT SERVICED 168 FAMILIES, 7 OF WHICH MOVED ON TO HOMEOWNERSHIP DURING THE YEAR.

Expenses $441,260 · Revenue $993,754
REAL ESTATE DEVELOPMENT - THROUGH THEIR OUTREACH PROJECTS, NEIGHBORWORKS SEEKS TO CREATE OUTLETS TO MOBILIZE VOLUNTEERS, BEAUTIFY NEIGHBORHOODS, UNITE COMMUNITIES, AND CELEBRATE RESIDENT INVOLVEMENT. ALSO PROVIDES BEST-OF PRACTICES AND TRAINING TO LOCAL EMERGING AND ESTABLISHED LEADERS IN THE COMMUNITY. NEIGHBORWORKS HAS BEEN DEVELOPING AFFORDABLE HOUSING SINCE 1997. BOTH NEW CONSTRUCTION AND SINGLE FAMILY REHAB IS AVAILABLE. TWO SINGLE FAMILY HOME PROJECTS WERE COMPLETED IN FISCAL YEAR 2023.

Expenses $168,954 · Revenue $68,690
LENDING - NEIGHBORWORKS OFFERS COMPETITIVE MORTGAGE PRODUCTS FOR FIRST MORTGAGES AND DOWN PAYMENT & CLOSING COST ASSISTANCE AT LOW INTEREST RATES. ALSO OFFERS A REFINANCE PRODUCT TO HELP REDUCE MONTHLY MORTGAGE PAYMENTS. THE ORGANIZATION COUNSELED WITH 372 FAMILIES THROUGH THE ONSITE AND ONLINE EDUCATION COURSE, COMPLETED LOANS FOR 11 FAMILIES AND 29 ADDITIONAL COUNSELED FAMILIES PURCHASED HOMES WITHOUT LENDING ASSISTANCE FROM THE ORGANIZATION.

Expenses $301,768 · Revenue $188,798
COUNSELING AND EDUCATION

Expenses $144,915
COMMUNITY SERVICES

Expenses $49,880 · Revenue $22,750

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Linda WeaverLINDA WEAVER

BOARD CHAIR

Total calculated

$0

Hours/week

0
Scott WilliamsSCOTT WILLIAMS

BOARD VICE CHAIR

Total calculated

$0

Hours/week

0
Pat NowotnyPAT NOWOTNY

BOARD SECRETARY

Total calculated

$0

Hours/week

0
Phillip PrincePHILLIP PRINCE

BOARD TREASURER

Total calculated

$0

Hours/week

0
Delfina VelasquezDELFINA VELASQUEZ

EXECUTIVE COMMITTEE

Total calculated

$0

Hours/week

0
Elton HallELTON HALL

EXECUTIVE COMMITTEE

Total calculated

$0

Hours/week

0
Chris GutierrezCHRIS GUTIERREZ

EXECUTIVE COMMITTEE

Total calculated

$0

Hours/week

0
Oscar ChomboOSCAR CHOMBO

DIRECTOR

Total calculated

$0

Hours/week

0
Connie LozanoCONNIE LOZANO

DIRECTOR

Total calculated

$0

Hours/week

0
Joey DingrandoJOEY DINGRANDO

DIRECTOR

Total calculated

$0

Hours/week

0
Pat HambrickPAT HAMBRICK

DIRECTOR

Total calculated

$0

Hours/week

0
Jim LambertJIM LAMBERT

DIRECTOR

Total calculated

$0

Hours/week

0
Dominic VillaDOMINIC VILLA

DIRECTOR

Total calculated

$0

Hours/week

0
Jean Ann HooverJEAN ANN HOOVER

DIRECTOR

Total calculated

$0

Hours/week

0
Barry AbelBARRY ABEL

DIRECTOR

Total calculated

$0

Hours/week

0
Roy NashROY NASH

PRESIDENT, CEO

Total calculated

$196,817

From this org

$167,693

From related orgs

$0

Other

$29,124

Hours/week

40

Schedule J breakdown matched by us

Base

$147,762

Bonus

$19,931

Other

$0

Deferred

$13,623

Nontaxable benefits

$15,501

Filer's total

$196,817
Delisa Burnell-SmithDELISA BURNELL-SMITH

VICE PRESIDENT, COO

Total calculated

$134,376

From this org

$115,444

From related orgs

$0

Other

$18,932

Hours/week

40
Karen SaucedoKAREN SAUCEDO

CFO

Total calculated

$106,330

From this org

$98,381

From related orgs

$0

Other

$7,949

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

2 · Substantiation required before reimbursing expenses
3 · Compensation survey or study
3 · Approval by the board or compensation committee
5a · Pay contingent on this organization's revenues
6a · Pay contingent on this organization's net earnings

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5b · Pay contingent on a related organization's revenues
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 5: THE ORGANIZATION HAS AN ESTABLISHED BOARD APPROVED INCENTIVE PLAN.
PART I, LINE 6: THE ORGANIZATION HAS AN ESTABLISHED BOARD APPROVED INCENTIVE PLAN.

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.

BELMONT VILLAGE WACO LLC

REAL ESTATE DEVELOPMENT · TX · 51.85% owned · share of assets $372 · general or managing partner

Directly controlled by NEIGHBORHOOD HOUSING SERVICES

Provenance

Return type: form_990
Tax year: 2022
Filed: 14 August 2024
IRS schema version: 2022v5.0
Source object: 202432279349302508

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