Manchester Neighborhood Housing Services Inc

EIN: 020455301 501(c)(3) Housing & Shelter

Manchester, NH

Total Revenue
$1,800,071
Total Expenses
$2,010,502
Total Assets
$10,497,401
Net Assets
$9,365,381
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
NH
Principal Officer
Robert Tourigny
Phone
6036264663
Tax Period
2024-04-01 to 2025-03-31

Manchester Neighborhood Housing Services Inc, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $1.8M in total revenue in fiscal year 2024. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $2.0M exceeded revenue, resulting in a 12% operating deficit.

Mission

NeighborWorks Southern New Hampshire enhances people's lives and the community environment by providing access to quality housing services, revitalizing neighborhoods and supporting opportunities for personal empowerment. The target market for NeighborWorks (NWSNH) services is very low, low, and moderate income individuals and families who are at a disadvantage for achieving economic stability, such as single mothers, immigrants and the working poor. Our goal is to help disadvantaged families build assets and achieve greater economic stability so they may escape a cycle of financial struggle or poverty and build a better future for their families and also the communities in which they live. NeighborWorks does this through a focus on affordable housing and community development. For FY2025, approximately 3,200 individuals benefited from services provided by NeighborWorks.

Program Service Accomplishments

Program 1
Expenses: $471,031 Revenue: $64,307

Home Ownership - offering a panoply of educational seminars, workshops and one-on-one counseling to help individuals and families understand critical components of homeownership, including its...

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Home Ownership - offering a panoply of educational seminars, workshops and one-on-one counseling to help individuals and families understand critical components of homeownership, including its financial responsibilities, maintenance and upkeep of a home, and the process and elements of purchasing a home, including consideration of whether home purchase is a prudent choice at this time. NeighborWorks is a HUD-approved counseling agency with HUD licensed counselors on staff. In addition, NeighborWorks is authorized as a mortgage lender to provide lending products to income-qualified clients. The Education/Counseling programs include First-time homebuyer, landlord training, and financial capabilities.

Program 2
Expenses: $861,385 Revenue: $813,265

Neighborhood Development - activities to develop affordable housing for sale or rent, create/facilitate community, and neighborhood-based activities including initiatives to engage tenants and...

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Neighborhood Development - activities to develop affordable housing for sale or rent, create/facilitate community, and neighborhood-based activities including initiatives to engage tenants and residents in their community and/or revitalize neglected neighborhoods.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $703,765
Program Service Revenue $877,572
Investment Income $218,734
Other Revenue $0
TOTAL REVENUE $1,800,071

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,312,117
Fundraising Expenses $297,387
Program Expenses $1,332,416
Other Expenses $698,385
TOTAL EXPENSES $2,010,502

Year-over-Year Comparison

2024 2023 Change
Revenue $1,800,071 $3,471,294 -0.5%
Expenses $2,010,502 $2,620,249 -0.2%
Net Income $-210,431 $851,045 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
20
Volunteers
295

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$311,483
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Eric LeBlanc Chair 2.00
Officer Director
$0 $0 $0
Zachery Palmer Vice Chair 2.00
Officer Director
$0 $0 $0
Nick Villeneuve Treasurer 2.00
Officer Director
$0 $0 $0
Megan Carrier Esq Secretary 2.00
Officer Director
$0 $0 $0
David Grappone Board Member 2.00
Director
$0 $0 $0
Awilda Muniz Board Member 2.00
Director
$0 $0 $0
Richard Sawyer Board Member 2.00
Director
$0 $0 $0
Richard Plourde Board Member 2.00
Director
$0 $0 $0
Maria Perez Board Member 2.00
Director
$0 $0 $0
Robert Tourigny Executive Director 35.00
Officer
$163,763 $19,521 $183,284
Diane Brewster Chief Operating Officer 35.00
Officer
$112,473 $15,726 $128,199
Jennifer Vadney Neighborhood Development Director 35.00
Highest
$104,794 $15,312 $120,106
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,800,071 $2,010,502 $10,497,401 $-210,431
2024 $3,471,294 $2,620,249 $10,712,012 $851,045
2023 $2,531,167 $1,692,094 $9,848,203 $839,073
2022 $1,551,770 $2,070,910 $9,007,199 $-519,140
2021 $2,355,115 $2,209,223 $9,637,051 $145,892
2020 $2,567,516 $2,046,563 $9,650,202 $520,953
2019 $1,939,597 $1,531,994 $9,953,038 $407,603
2018 $1,915,563 $1,496,524 $9,584,681 $419,039
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