Totals
- Total revenue
- $7,900,254
- Total expenses
- $5,759,301
- Contributions and grants received
- $6,530,133
- Grants paid
- $0
- Program service revenue
- $1,140,343
- Investment income
- $228,101
- Other revenue
- $1,677
- Total assets, end of year
- $42,526,207
- Total liabilities, end of year
- $22,903,851
- Net assets or fund balances, end of year
- $19,622,356
- Program services expenses (Part IX)
- $4,901,277
- Management and general expenses
- $744,753
- Fundraising expenses
- $113,271
- Program service expenses (Part III)
- $4,901,277
Program services were 85.1% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$6,038,340
-
1f · All other contributions, gifts and grants
$491,793
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: Fees Income
total $333,138 · related or exempt $333,138 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Loan Fund Interest Income
total $807,205 · related or exempt $807,205 · unrelated business $0 · excluded $0
-
3 · Investment income
total $228,101 · related or exempt $228,101
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: contributions included on line 1c
$0
-
11a · Other revenue: All Other Revenue
total $1,677 · related or exempt $1,677 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$1,677
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
7 · Other salaries and wages
total $2,753,924 · program services $2,301,362 · management and general $377,687 · fundraising $74,875
-
8 · Pension plan contributions
total $72,491 · program services $59,362 · management and general $10,729 · fundraising $2,400
-
9 · Other employee benefits
total $368,388 · program services $331,048 · management and general $31,891 · fundraising $5,449
-
10 · Payroll taxes
total $203,884 · program services $171,435 · management and general $26,644 · fundraising $5,805
-
11b · Fees: legal
total $11,068 · program services $10,403 · management and general $665 · fundraising $0
-
11c · Fees: accounting
total $34,600 · program services $10,400 · management and general $24,200 · fundraising $0
-
11g · Fees: other
total $235,961 · program services $211,388 · management and general $1,103 · fundraising $23,470
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $53,306 · program services $32,941 · management and general $20,365 · fundraising $0
-
14 · Information technology
total $126,697 · program services $12,609 · management and general $113,879 · fundraising $209
-
16 · Occupancy
total $40,731 · program services $6,384 · management and general $34,347
-
17 · Travel
total $102,251 · program services $95,826 · management and general $6,425
-
19 · Conferences, conventions and meetings
total $80,812 · program services $53,616 · management and general $26,671 · fundraising $525
-
20 · Interest
total $511,716 · program services $511,716
-
22 · Depreciation, depletion and amortization
total $45,716 · program services $44,676 · management and general $1,040
-
23 · Insurance
total $37,791 · program services $13,099 · management and general $24,692
-
24a · Other expenses: Provision for Loan Losses
total $800,223 · program services $800,223 · management and general $0 · fundraising $0
-
24b · Other expenses: Phone post print pub
total $28,758 · program services $15,452 · management and general $13,078 · fundraising $228
-
24c · Other expenses: Equipment Maintenance
total $32,252 · program services $10,456 · management and general $21,486 · fundraising $310
-
24d · Other expenses: Other Expenses
total $218,732 · program services $208,881 · management and general $9,851 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $10,763,940 · end of year $5,122,700
-
2 · Savings and temporary cash investments
beginning of year $3,701,494 · end of year $9,601,569
-
3 · Pledges and grants receivable
beginning of year $120,899 · end of year $259,170
-
4 · Accounts receivable
beginning of year $142,235 · end of year $156,585
-
5 · Loans and receivables from officers and key people
beginning of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0
-
7 · Other notes and loans receivable
beginning of year $16,008,663 · end of year $17,596,799
-
8 · Inventories for sale or use
beginning of year $1,843,683 · end of year $2,107,998
-
9 · Prepaid expenses and deferred charges
beginning of year $3,940 · end of year $41,610
-
10a · Land, buildings and equipment: cost or other basis
$2,532,828
-
10b · Land, buildings and equipment: accumulated depreciation
$688,270
-
10c · Land, buildings and equipment, net
beginning of year $1,602,323 · end of year $1,844,558
-
11 · Investments: publicly traded securities
beginning of year $4,924,758 · end of year $5,795,218
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
14 · Intangible assets
beginning of year $0
-
15 · Other assets
beginning of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $310,741 · end of year $306,003
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $3,504,125 · end of year $3,097,848
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $18,050,000 · end of year $19,500,000
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0
-
27 · Net assets without donor restrictions
beginning of year $16,106,727 · end of year $18,281,723
-
28 · Net assets with donor restrictions
beginning of year $1,140,342 · end of year $1,340,633
Mission and programs · 2022
Mission
Strengthen Communities through Housing, Lending and Education
Activities or mission (Part I)
To strengthen communities through housing, lending and education for low to moderate income households.
-
Loan Fund: NeighborGood Partners is certified by the Treasury Department as a Community Development Financial Institution (CDFI) and as such has a Loan Fund which lends primarily to nonprofit borrowers on the Delmarva Peninsula for the purposes of affordable housing, community facilities and economic development. Loan purposes are typically predevelopment, acquisition, and/or construction for single-family and multi-family housing, neighborhood revitalization and community-based facilities, as well as working capital. Loans are underwritten by staff and approved by the Loan Fund Committee of the board. NeighborGood Partners, as a short-term lender, seeks investments and loan participations for capital to lend. Activity includes 22 new loans, totaling $15.2 million with 60 loans being serviced overall.
Expenses $2,004,101 · Revenue $8,272,050
-
Homeownership: NeighborGood Partners is a HUD-certified Housing Counseling Agency and as such provide comprehensive homeownership counseling and education services to low and moderate income households in Delaware. With trained and certified counselors, NeighborGood Partners provides a full-service "Preparing for Homeownership" curriculum in group and individual sessions geared towards assisting renter households to become mortgage-ready as first-time homebuyers. Households participate, become informed consumers, and work to become eligible for access to sound mortgage products. Activity included 640 households counseled and 224 households achieving homeownership.
Expenses $678,039 · Revenue $106,645
-
Self-Help Housing Technical and Management Assistance: NeighborGood Partners provides technical and management assistance (T&MA) to local self-help housing grantees in a 21 state region of the northeast and north central areas of the United States through a contract with USDA's Rural Housing Service. Staff training, quarterly review meetings, newsletters, application preparation and reviews, progress monitoring, problem solving, and other support is provided to self-help housing grantees to build or repair 50-75 homes a year using participant family sweat equity. Families are low and very low income typically using the RD 502 mortgage program for building materials and the families provide the labor. NeighborGood Partners acts as an intermediary providing the support services to the grantees who in turn oversee and assist the participating families in building their homes. Activity included management and technical support to 9 self-help grantees and 61 houses were built.
Expenses $559,504
-
See Schedule O, Statement 2
Expenses $1,659,633
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Karen Speakman
Executive Director
- Total calculated
- $123,360
- From this org
- $123,360
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
J Randall Kunkle
President
- Total calculated
- $0
- Hours/week
- 0
-
John G Moore
Vice President
- Total calculated
- $0
- Hours/week
- 0
-
Anthony DePrima
Treasurer
- Total calculated
- $0
- Hours/week
- 0
-
Tracey Harvey
Secretary
- Total calculated
- $0
- Hours/week
- 0
-
Kim Adams
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Peggy M Geisler
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
C Denise Hicks
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Janaid Kareem
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Daniel S Kuennen
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Jayce R Lesniewski
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Carla Mannings
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Nichole Piper
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Sarah Rhine
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Christella St Juste
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Amy Walls
Board Member
- Total calculated
- $0
- Hours/week
- 0
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.
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
Hearn Ownership LLC
Economic Development · MD · income $2,236,194 · assets $2,236,199
Directly controlled by NeighborGood Partners Inc
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 9 August 2024
- IRS schema version
- 2022v5.0
- Source object
- 202422229349300627
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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