READING, PA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NEIGHBORHOOD HOUSING SERVICES OF GREATER BERKS INC, founded in 1979, is a community nonprofit in the Housing & Shelter sector that reported $2.5M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Net assets of $7.2M represent 34 months of operating reserves.
THE MISSION OF NEIGHBORHOOD HOUSING SERVICE OF GREATER BERKS IS TO FACILITATE AND PROVIDE AFFORDABLE HOUSING PROGRAMS AND INITIATIVES THAT WILL EXPAND HOMEOWNERSHIP OPPORTUNITIES FOR ALL THE PEOPLE OF BERKS COUNTY, ESPECIALLY LOW TO MODERATE INCOME FAMILITES, AND WILL CONTRIBUTE TO THE REVITALIZATION OF OUR NEIGHBORHOODS AND THE GREATER COMMUNITY.
REAL ESTATE AND REHABILITATION:THE ORGANIZATION SEEKS TO REMOVE BLIGHTED PROPERTIES THROUGH PURCHASE AND RENOVATION, WITH SUBSEQUENT RESALE TO FIRST TIME HOMEBUYERS. IN ADDITION, THE ORGANIZATION...
REAL ESTATE AND REHABILITATION:THE ORGANIZATION SEEKS TO REMOVE BLIGHTED PROPERTIES THROUGH PURCHASE AND RENOVATION, WITH SUBSEQUENT RESALE TO FIRST TIME HOMEBUYERS. IN ADDITION, THE ORGANIZATION ACTS AS A CONSULTANT TO PROVIDE ADMINISTRATION OF REHABILITATION PROGRAMS RUN BY OTHER ENTITIES. REAL ESTATE AND REHABILITATION CONSTRUCTS NEW AFFORDABLE HOMES ON A SCATTERED SITE BASIS OUTSIDE THE CITY OF READING FOR FIRST-TIME HOMEOWNERS AND PROVIDES TECHNICAL ASSISTANCE TO THE HOME REPAIR PROGRAMS AND OPERATION RENOVATION.2024 PROGRAM ACCOMPLISHMENTS: WE PROVIDED 8 LOANS FOR HOME IMPROVEMENTS VIA OUR MY LIFE PROGRAM TOTALING $264,500.00
HOME OWNERSHIP CENTER: THE ORGANIZATION OFFERS ASSISTANCE THROUGH A VARIETY OF PROGRAMS TO CLIENTS WHO ARE PREPARING TO BECOME HOMEOWNERS, AND OFFERS SEVERAL TYPES OF LOANS TO ASSIST FIRST-TIME...
HOME OWNERSHIP CENTER: THE ORGANIZATION OFFERS ASSISTANCE THROUGH A VARIETY OF PROGRAMS TO CLIENTS WHO ARE PREPARING TO BECOME HOMEOWNERS, AND OFFERS SEVERAL TYPES OF LOANS TO ASSIST FIRST-TIME HOMEBUYERS. THE PROGRAMS INCLUDE LENDING FOR HOME PURCHASE ASSISTANCE AND HOME REPAIRS, HOMEBUYER EDUCATION, AND BUDGET AND CREDIT COUNSELING.2024 PROGRAM ACCOMPLISHMENTS: THE HOME OWNERSHIP CENTER VIA NHS ASSISTED 214 FAMILIES BUY THEIR FIRST HOME, LENDING $3,138,248 IN DOWN PAYMENT AND CLOSING COST ASSISTANCE LOANS.SEE SCHEDULE O FOR ADDITIONAL PROGRAM ACCOMPLISHMENTS. 390 INDIVIDUALS BENEFITED FROM THE FASTRACK HOMEBUYER EDUCATION WORKSHOPS AND 412 CLIENTS RECEIVED ONE-ON-ONE COUNSELING COVERING TOPICS SUCH AS: PRE-PURCHASE, PRE-CLOSING AND BUDGET/CREDIT COUNSELING (NOT INCLUDING FORECLOSURE SERVICES) THE TOTAL NHS LOAN PORTFOLIO REMAINED STRONG RELATIVE TO THE NATIONAL ECONOMY. 31 LOANS WERE PAST DUE AS OF DECEMBER 31ST OUT OF A TOTAL PORTFOLIO OF 1,122 LOANS
NEIGHBORHOOD BUILDING: THE ORGANIZATION PROVIDES A NUMBER OF NEIGHBORHOOD-BASED INITIATIVES DESIGNED TO EMPOWER THE RESIDENTS TO CONTROL THEIR ENVIRONMENT INCLUDING ASSISTANCE IN RUNNING RESIDENT...
NEIGHBORHOOD BUILDING: THE ORGANIZATION PROVIDES A NUMBER OF NEIGHBORHOOD-BASED INITIATIVES DESIGNED TO EMPOWER THE RESIDENTS TO CONTROL THEIR ENVIRONMENT INCLUDING ASSISTANCE IN RUNNING RESIDENT MEETINGS, PROVIDING RESOURCES, AND LEADERSHIP TRAINING. THEY ASSIST THE COMMUNITY IN GATHERING VOLUNTEERS FOR CLEAN-UPS AND REPAIR EFFORTS SUCH AS OPERATION RENOVATION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $2,512,162 | $3,282,825 | -0.2% |
| Expenses | $2,681,312 | $3,386,062 | -0.2% |
| Net Income | $-169,150 | $-103,237 | +0.6% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MARISOL TORRES | PRESIDENT | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| ERIKA HOFFMAN | VICE PRESIDENT | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| BETH BOWERS ESQUIRE | SECRETARY | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| TURIE SOTZIN | TREASURER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| GLENN KEY | AT LARGE MEMBER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| ERICA WENNELL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ED MARKO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| AUGUSTO TORRES | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| FRANK DIMAIO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| EDGAR CORTEZ | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BARBARA LOPEZ | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JUDY VAS KORLIS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JUAN ZABALA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RAQUEL J CAPELLAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN EP SCHMOYER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| STEPHEN T GIERINGER | CEO, ASSISTANT TREASURER | 20.00 |
Officer
|
$145,718 | $25,763 | $171,481 |
| DANIEL SANSARY | EXECUTIVE DIRECTOR | 40.00 |
Highest
|
$107,573 | $17,340 | $124,913 |
| ERIKA DE LA MORA | DEPUTY DIRECTOR | 40.00 |
Highest
|
$110,972 | $20,570 | $131,542 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $2,512,162 | $2,681,312 | $19,649,950 | $-169,150 |
| 2023 | $3,282,825 | $3,386,062 | $17,872,751 | $-103,237 |
| 2022 | $6,693,913 | $6,231,098 | $17,697,361 | $462,815 |
| 2021 | $4,447,729 | $3,294,966 | $17,832,332 | $1,152,763 |
| 2020 | $5,554,384 | $4,612,595 | $11,829,026 | $941,789 |
| 2019 | $2,373,379 | $2,237,253 | $11,065,575 | $136,126 |
| 2018 | $2,109,203 | $1,791,167 | $4,364,466 | $318,036 |
Compare NEIGHBORHOOD HOUSING SERVICES OF GREATER BERKS INC with other nonprofits in Pennsylvania and across the country.