Neighborhood Housing Services of Rochester Inc

EIN: 132976987 501(c)(3) Housing & Shelter

Rochester, NY

Total Revenue
$2,223,840
Total Expenses
$2,008,593
Total Assets
$8,806,599
Net Assets
$7,354,676
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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
NY
Principal Officer
Clay Simmons
Phone
5853254170
Tax Period
2023-01-01 to 2023-12-31

Neighborhood Housing Services of Rochester Inc, founded in 1978, is a community nonprofit in the Housing & Shelter sector that reported $2.2M in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $2.0M left a modest 10% surplus.

Mission

NeighborWorks Rochester collaborates with people and partners to strengthen, sustain and promote city neighborhoods. Our services are available to a wide spectrum of the community, including existing and potential homeowners, tenants and landlords in the City of Rochester. We also assist full neighborhoods in cooperation with residents and other partners.

Program Service Accomplishments

Program 1
Expenses: $193,525 Revenue: $535,402

Lending: The lending program provides a home improvement loan designed to fit the customers' needs and assists with financial and insurance counseling. The lending program also provides purchase...

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Lending: The lending program provides a home improvement loan designed to fit the customers' needs and assists with financial and insurance counseling. The lending program also provides purchase assistance loans which supplement traditional purchase financing for qualified first time home buyers. This program manages the organization's loan portfolio including collections, tax and insurance escrows, restructuring of loans, and counseling customers. This program is also funded by government contributions that amounted to $119,569.

Program 2
Expenses: $1,057,746 Revenue: $1,095,614

Energy: As an accredited BPI contractor, NeighborWorks Rochester provides energy related retrofit work on homes as a fee-for-service activity. This includes energy audits, energy efficient upgrades...

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Energy: As an accredited BPI contractor, NeighborWorks Rochester provides energy related retrofit work on homes as a fee-for-service activity. This includes energy audits, energy efficient upgrades, and providing improvements under NYSERDA's EmPower and Assisted Home Performance Programs for income qualified residents throughout the region. NeighborWorks Rochester performs these services both on internal projects and in the open market on a fee for service basis. This program is also funded by government contributions that amounted to $49,143.

Program 3
Expenses: $324,922 Revenue: $5,046

Residential Rehab: This home improvement program may provide rehabilitation grants to customers who meet income eligibility requirements. Staff acts as a liaison between the customer and the...

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Residential Rehab: This home improvement program may provide rehabilitation grants to customers who meet income eligibility requirements. Staff acts as a liaison between the customer and the contractor; assisting with the outline of home improvement needs, selecting a contractor, and monitoring progress throughout the project. This program also provides lead paint testing for determination of lead paint in residential structures. This lead component includes the performance of both risk assessments and clearance tests for internal programs, and on a fee-for-service basis for other organizations. This program is funded by government contributions that amounted to $185,362.

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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 (2023)

Revenue Breakdown

Contributions & Grants $467,041
Program Service Revenue $1,347,123
Investment Income $64,086
Other Revenue $345,590
TOTAL REVENUE $2,223,840

Expense Breakdown

Grants Paid $141,722
Salaries & Benefits $573,892
Fundraising Expenses $0
Program Expenses $1,719,720
Other Expenses $1,292,979
TOTAL EXPENSES $2,008,593

Year-over-Year Comparison

2023 2022 Change
Revenue $2,223,840 $3,307,215 -0.3%
Expenses $2,008,593 $2,489,770 -0.2%
Net Income $215,247 $817,445 -0.7%
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
10
Independent Members
10
Employees
9
Volunteers
10

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
8
$323,830
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Matt McDermott President 0.20
Officer Director
$0 $0 $0
Art Ientilucci Vice President 0.20
Officer Director
$0 $0 $0
Bruce Rumbold Treasurer 0.20
Officer Director
$0 $0 $0
Susan Sanford Secretary 0.20
Officer Director
$0 $0 $0
Kelley Ross-Brown Member 0.20
Director
$0 $0 $0
Michele Holmes Member 0.20
Director
$0 $0 $0
Richard Cringoli Member 0.20
Director
$0 $0 $0
Ron Sellers Member 0.20
Director
$0 $0 $0
Ariane Krenichyn Member 0.20
Director
$0 $0 $0
Kristen Conrow-Goshen Member 0.20
Director
$0 $0 $0
Jerome Nagy - Chief Executive Officer (Through 1/23) 0.20
Officer
$0 $779 $18,977
Kelley Swann Chief Operating Officer/Interim CEO (2/23 - 7/23) 0.20
Officer
$0 $7,500 $137,471
Adriana Eastlack Director of Finance 0.20
Officer
$0 $7,500 $95,845
Clarence Simmons - Chief Executive Officer (Beginning 7/23) 0.20
Officer
$0 $3,461 $71,537
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
2024 No data No data No data No data
2023 $2,223,840 $2,008,593 $8,806,599 $215,247
2022 $3,307,215 $2,489,770 $9,163,336 $817,445
2021 $3,020,780 $2,427,379 $8,905,786 $593,401
2020 $1,764,380 $1,896,353 $8,119,730 $-131,973
2019 $2,305,346 $2,294,063 $8,813,908 $11,283
2018 $3,010,905 $2,456,787 $8,612,296 $554,118
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