NEIGHBORHOOD HOUSING SERVICES OF H… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

LORIE L DISTAOLA

Phone

5137379301

Tax Period

2024-01-01 to 2024-12-31

NEIGHBORHOOD HOUSING SERVICES OF HAMILTON INC, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $3.8M in total revenue in fiscal year 2024. Revenue surged 109% from the prior year, signaling strong growth momentum. Expenses of $3.5M left a modest 10% surplus.

Mission

NEIGHBORHOOD HOUSING SERVICES OF HAMILTON, INC. IS A NONPROFIT COMMUNITY DEVELOPMENT ORGANIZATION DEDICATED TO BUILDING AFFORDABLE, HEALTHIER, AND STRONGER COMMUNITIES THROUGH PARTNERSHIPS WITH GOVERNMENT, BUSINESSES, AND LOCAL COMMUNITY LEADERS.

Program Service Accomplishments

Program 1

Expenses: $766,960 Revenue: $41,588

HOME OWNERSHIP PROMOTION SERVICES - DOWN PAYMENT AND CLOSING COST GRANT ASSISTANCE IS PROVIDED TO QUALIFIED HOMEBUYERS THROUGHOUT BUTLER COUNTY, OHIO. MANY LOW TO MODERATE INCOME FAMILIES CAN AFFORD TO PURCHASE THEIR OWN HOME, BUT THEY FACE THE CHALLENGE OF SAVING ENOUGH MONEY FOR THEIR DOWN PAYMENT OR CLOSING COSTS. THIS PROGRAM HAS PROVEN TO BE A BENEFICIAL RESOURCE FOR FAMILIES/INDIVIDUALS OF MODEST MEANS TO REALIZE THEIR DREAM OF OWNING A HOME.

Program 2

Expenses: $1,711,323 Revenue: $1,003,000

CONSTRUCTION PROGRAMS - THROUGH OUR PARTNERSHIP WITH THE JURISDICTIONS THAT WE SERVE, WE HAVE BEEN ABLE TO PROVIDE NEWLY CONSTRUCTED AFFORDABLE HOUSING OPPORTUNITIES IN BUTLER AND MONTGOMERY COUNTIES WHILE AT THE SAME TIME REVITALIZING NEIGHBORHOODS. WE HAVE ACQUIRED AND REHABBED PROPERTIES TO FURTHER PROVIDE AFFORDABLE HOUSING OPPORTUNITIES TO THE COMMUNITIES THAT WE SERVE.

Program 3

Expenses: $445,040 Revenue: $187,546

MORTGAGE AND RENTAL ASSISTANCE THROUGH OUR PARTNERSHIP WITH THE CITY OF HAMILTON, WE WERE ABLE TO ASSIST HOME OWNERS AND RENTERS WITH MORTGAGE AND RENTAL PAYMENT ASSISTANCE. THIS PROGRAM WAS FOR...

MORTGAGE AND RENTAL ASSISTANCE THROUGH OUR PARTNERSHIP WITH THE CITY OF HAMILTON, WE WERE ABLE TO ASSIST HOME OWNERS AND RENTERS WITH MORTGAGE AND RENTAL PAYMENT ASSISTANCE. THIS PROGRAM WAS FOR THOSE WHO WERE DIRECTLY IMPACTED BY COVID-19.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,183,322

Program Service Revenue $1,541,256

Investment Income $61,657

Other Revenue $58,748

TOTAL REVENUE $3,844,983

Expense Breakdown

Grants Paid $651,881

Salaries & Benefits $576,834

Fundraising Expenses $28,865

Program Expenses $3,256,373

Other Expenses $2,235,646

TOTAL EXPENSES $3,464,361

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,844,983	$1,841,038	+1.1%
Expenses	$3,464,361	$1,603,048	+1.2%
Net Income	$380,622	$237,990	+0.6%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$130,927

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORIE L DISTAOLA	EXECUTIVE DIRECTOR	40.00	Officer	$130,927	$0	$130,927
ROBERT HANCOCK	PRESIDENT	1.00	Officer Director	$0	$0	$0
ED HENSLEY	TREASURER	1.00	Officer Director	$0	$0	$0
JEAN THOMAS	SECRETARY	1.00	Officer Director	$0	$0	$0
GREG JOLIVETTE	DIRECTOR	1.00	Director	$0	$0	$0
BILL GROTH	DIRECTOR	1.00	Director	$0	$0	$0
KYLE FUCHS	DIRECTOR	1.00	Director	$0	$0	$0
PAUL FRANKE	DIRECTOR	1.00	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	$3,844,983	$3,464,361	$6,313,268	$380,622
2023	$1,841,038	$1,603,048	$5,943,906	$237,990
2022	$2,463,885	$1,608,358	$5,750,726	$855,527
2021	$1,835,318	$1,920,566	$4,815,305	$-85,248
2020	$2,172,574	$1,790,016	$4,886,181	$382,558
2019	$1,803,721	$1,802,211	$4,606,460	$1,510
2018	$1,633,850	$1,634,020	$4,594,805	$-170

NEIGHBORHOOD HOUSING SERVICES OF HAMILTON INC