Neighborhood Housing Services Inc

EIN: 251195085 501(c)(3)

Pittsburgh, PA

Total Revenue
$913,056
Total Expenses
$1,342,529
Total Assets
$1,459,451
Net Assets
$1,318,918
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
PA
Tax Period
2023-10-01 to 2024-09-30

Neighborhood Housing Services Inc, founded in 1968, is a small nonprofit that reported $913K in total revenue in fiscal year 2023. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 47% operating deficit.

Mission

To provide financial empowerment that promotes homeownership and stable communities. This goal is realized by helping individuals and families strengthen their financial security through education programs, counseling and affordable financing.

Program Service Accomplishments

Program 1
Expenses: $611,975

HOME OWNERSHIP PROGRAMS - These programs include Homebuyer education training which during 2022 and 2023 were offered primarily through online platforms, via EHOME AMERICA, Youth Financial Literacy...

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HOME OWNERSHIP PROGRAMS - These programs include Homebuyer education training which during 2022 and 2023 were offered primarily through online platforms, via EHOME AMERICA, Youth Financial Literacy and marketing outreach.PRE-PURCHASE PROGRAM - NeighborWorks Western Pennsylvania is a certified HUD-approved housing counseling agency, a chartered member of NeighborWorks America, an approved Agency for the Pennsylvania Housing Finance Agencys(PHFA) Comprehensive Housing Counseling Initiative, and an Adopter of the National Industry Standards for Homeownership Education and Counseling. Our team of experienced housing counselors and educators adhere to thePOST-PURCHASE PROGRAM - If you are having trouble paying your mortgage, we offer default and delinquency coaching and pre-foreclosure mitigation to existing homeowners to help you maintain your valuable asset. We also host periodic Post-Purchase workshops.

Program 2
Expenses: $189,267

LOAN PROGRAM - Loan program - In FY2022 NWWPA partnered with Neighborhood Housing Services of Greater Berks (NHSGB), the Pennsylvania Lending Collaborative Inc. (PHLC) and the NeighborWorks...

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LOAN PROGRAM - Loan program - In FY2022 NWWPA partnered with Neighborhood Housing Services of Greater Berks (NHSGB), the Pennsylvania Lending Collaborative Inc. (PHLC) and the NeighborWorks Association of Pennsylvania to build and successfully launch a new lending partnership in the western Pennsylvania markets. The program focuses predominantly on making down payment and closing cost second mortgage loans to first time, low-moderate income buyers. NWWPA works to market the program and create local partnerships to best connect with communities throughout western Pennsylvania and NHSGB/PHLC originate, underwrite, fund and service the loans. NWWPA continues the servicing of the remaining four loans from its previous portfolio

Program 3
Expenses: $50,020

Neighborworks Association of Pennsylvania (NWAP) - The NeighborWorks Association of Pennsylvania (NWAP) Is a collabrative of eight NeighborWorks America Organizations doing business in the...

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Neighborworks Association of Pennsylvania (NWAP) - The NeighborWorks Association of Pennsylvania (NWAP) Is a collabrative of eight NeighborWorks America Organizations doing business in the Commonwealth of Pennsylvania, and is hosted by NeighborWorks Western Pennsylvania(NWWPA). NWAP serves as the trade association and as the Advocacy voicefor its members and contituents.

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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 $744,902
Program Service Revenue $168,154
Investment Income $0
Other Revenue $0
TOTAL REVENUE $913,056

Expense Breakdown

Grants Paid $0
Salaries & Benefits $933,103
Fundraising Expenses $0
Program Expenses $881,979
Other Expenses $409,426
TOTAL EXPENSES $1,342,529

Year-over-Year Comparison

2023 2022 Change
Revenue $913,056 $1,922,499 -0.5%
Expenses $1,342,529 $957,192 +0.4%
Net Income $-429,473 $965,307 -1.4%
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
13
Independent Members
13
Employees
13
Volunteers
63

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
7
$233,775
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Colin Kelley CEO 40.00
Officer
$121,006 $0 $121,006
Craig Burkley COO and CFO 40.00
Officer
$112,769 $0 $112,769
Patrick Hain Board Member 2.00
Director
$0 $0 $0
Monica Ruiz Board Member 2.00
Director
$0 $0 $0
Jason Lipford Board Member 2.00
Director
$0 $0 $0
Ryan Scarola Board Member 2.00
Director
$0 $0 $0
Talia Nevitt Board Member 2.00
Director
$0 $0 $0
LeTaj Tinker Board Member 2.00
Director
$0 $0 $0
Lindsay Powell Board Member 2.00
Director
$0 $0 $0
Pat Clark Board Member 2.00
Director
$0 $0 $0
Carla Frost Vice President 2.00
Officer Director
$0 $0 $0
Barata Bey President 2.00
Officer Director
$0 $0 $0
Mike Belgrove Secretary 2.00
Officer Director
$0 $0 $0
Jason Tigano Past President 2.00
Officer Director
$0 $0 $0
Laura Swiss Treasurer 2.00
Officer Director
$0 $0 $0
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 $913,056 $1,342,529 $1,459,451 $-429,473
2023 $1,922,499 $957,192 $1,847,556 $965,307
2022 $1,376,435 $1,059,284 $914,433 $317,151
2021 $468,091 $1,208,463 $781,954 $-740,372
2020 $1,299,674 $1,231,847 $1,386,917 $67,827
2019 $934,430 $1,214,681 $1,353,220 $-280,251
2018 $1,030,413 $1,026,899 $1,730,398 $3,514
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