NEIGHBORHOOD HOUSING SERVICES OF TOLEDO INC

EIN: 341230687 501(c)(3)

TOLEDO, OH

Total Revenue
$7,032,612
Total Expenses
$8,210,154
Total Assets
$14,373,536
Net Assets
$5,752,388
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
OH
Principal Officer
FARNSEL WILLIAM
Phone
4196912900
Tax Period
2023-01-01 to 2023-12-31

NEIGHBORHOOD HOUSING SERVICES OF TOLEDO INC, founded in 1978, is a community nonprofit that reported $7.0M in total revenue in fiscal year 2023. Expenses of $8.2M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO RESTORE AND REVITALIZE THE NHS NEIGHBORHOODS, PRIMARILY FOR THE BENEFIT OF CURRENT AND FUTURE INHABITANTS, BY PROVIDING SERVICES AND PROGRAMS WHICH RENEW PRIDE, STIMULATE INVESTMENT AND RESTORE CONFIDENCE AND TRUST.

Program Service Accomplishments

Program 1
Expenses: $2,575,643 Revenue: $3,109

PROJECT WARM CHOICE IS A PRIVATELY SPONSORED WEATHERIZATION PROGRAM AIMED AT THE LOW AND MODERATE INCOME NATURAL GAS CUSTOMERS FOR THE PURPOSE OF REDUCING MONTHLY UTILITY EXPENSES.

Program 2
Expenses: $2,293,887 Revenue: $35,830

THE HOME ENERGY ASSISTANCE PROGRAM IS A STATE SPONSORED WEATHERIZATION PROGRAM AIMED AT THE LOW AND MODERATE INCOME NATURAL GAS CUSTOMERS FOR THE PURPOSE OF REDUCING MONTHLY UTILITY EXPENSES.

Program 3
Expenses: $6,669 Revenue: $123

REVOLVING LOAN FUND PROGRAM PROVIDES LOANS FOR PURCHASE AND/OR REHABILITATION OF HOMES IN TOLEDO NEIGHBORHOODS TO LOW AND MODERATE INCOME ELIGIBLE INDIVIDUALS WHO COULD NOT OBTAIN A CONVENTIONAL BANK...

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REVOLVING LOAN FUND PROGRAM PROVIDES LOANS FOR PURCHASE AND/OR REHABILITATION OF HOMES IN TOLEDO NEIGHBORHOODS TO LOW AND MODERATE INCOME ELIGIBLE INDIVIDUALS WHO COULD NOT OBTAIN A CONVENTIONAL BANK LOAN.

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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 $6,528,044
Program Service Revenue $191,913
Investment Income $311,905
Other Revenue $750
TOTAL REVENUE $7,032,612

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,155,021
Fundraising Expenses $0
Program Expenses $5,083,793
Other Expenses $3,055,133
TOTAL EXPENSES $8,210,154

Year-over-Year Comparison

2023 2022 Change
Revenue $7,032,612 $7,088,067 0.0%
Expenses $8,210,154 $7,813,963 +0.1%
Net Income $-1,177,542 $-725,896 +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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Liquidity & Cash Position

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Governance

Voting Members
24
Independent Members
24
Employees
98
Volunteers
N/A

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
6
$198,320
Total Directors
25
$198,320
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FARNSEL WILLIAM EXECUTIVE DI 40.00
Officer Director
$151,968 $46,352 $198,320
KILLAM THOMAS PRESIDENT 1.00
Officer Director
$0 $0 $0
BRITT TRACEY 1ST VICE PRE 1.00
Officer Director
$0 $0 $0
KRAMER BEN 2ND VICE PRE 1.00
Officer Director
$0 $0 $0
PASTULA CHERI SECRETARY 1.00
Officer Director
$0 $0 $0
KOLEBUCK STANLEY TREASURER 1.00
Officer Director
$0 $0 $0
ADAMS MEG TRUSTEE 1.00
Director
$0 $0 $0
BISHOP MARTICE TRUSTEE 1.00
Director
$0 $0 $0
BROWN TATINA TRUSTEE 1.00
Director
$0 $0 $0
CHONG MARQUITA TRUSTEE 1.00
Director
$0 $0 $0
HUNYOR MEGAN TRUSTEE 1.00
Director
$0 $0 $0
OSTRANDER JON F TRUSTEE 1.00
Director
$0 $0 $0
PEAVY MARY TRUSTEE 1.00
Director
$0 $0 $0
BROWN SHEILA TRUSTEE 1.00
Director
$0 $0 $0
COLE TONYA TRUSTEE 1.00
Director
$0 $0 $0
COLE RHONDA TRUSTEE 1.00
Director
$0 $0 $0
FALL C WILLIAM TRUSTEE 1.00
Director
$0 $0 $0
GLOVER EUNICE TRUSTEE 1.00
Director
$0 $0 $0
LENHART GARY TRUSTEE 1.00
Director
$0 $0 $0
MIRAMONTES ANGELA TRUSTEE 1.00
Director
$0 $0 $0
MORRIN DANNY TRUSTEE 1.00
Director
$0 $0 $0
NASH TRINA TRUSTEE 1.00
Director
$0 $0 $0
SCHULTZ CATHY TRUSTEE 1.00
Director
$0 $0 $0
WALKER DANETTA TRUSTEE 1.00
Director
$0 $0 $0
WIGGINS ESSIE TRUSTEE 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 No data No data No data No data
2023 $7,032,612 $8,210,154 $14,373,536 $-1,177,542
2022 $7,088,067 $7,813,963 $12,988,425 $-725,896
2021 $6,150,831 $5,718,932 $12,631,816 $431,899
2020 $5,318,458 $5,133,474 $11,985,398 $184,984
2019 $5,303,232 $4,987,971 $11,982,182 $315,261
2018 $4,704,376 $4,938,336 $12,482,277 $-233,960
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