NEIGHBORHOOD HOUSING SERVICES OF HAMILTON INC

EIN: 311353685 501(c)(3) Housing & Shelter

HAMILTON, OH

Total Revenue
$3,844,983
Total Expenses
$3,464,361
Total Assets
$6,313,268
Net Assets
$6,008,427
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
OH
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

WE ARE A NONPROFIT COMMUNITY DEVELOPMENT ORGANIZATION THAT REVITALIZES AND BUILDS COMMUNITIES. WE ARE A PARTNERSHIP OF RESIDENTS, THE BUSINESS COMMUNITY, GOVERNMENT, AND COMMUNITY LEADERS. WE SEEK TO BUILD HEALTHIER AND STRONGER COMMUNITIES THAT WE ALL CAN BE PROUD OF. IN ORDER TO ACCOMPLISH THIS, WE WILL: EMPOWER LOW- AND MODERATE-INCOME FAMILIES TO SHARE THE AMERICAN DREAM OF HOME OWNERSHIP; PROVIDE AFFORDABLE LOANS AND FINANCIAL RESOURCES TO FIRST-TIME HOMEBUYERS; BUILD COMMUNITIES THROUGH NEIGHBORHOOD REVITALIZATION AND DEVELOPMENT; INSPIRE AND SUPPORT RESIDENT AND ACTION LEADERS AND PROVIDE TRAINING AND EDUCATION.

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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 $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

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Governance

Voting Members
7
Independent Members
7
Employees
6
Volunteers
7

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
4
$130,927
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
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
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