NEIGHBORSPACE

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

BENJAMIN R HELPHAND

Phone

7738263240

Tax Period

2023-01-01 to 2023-12-31

NEIGHBORSPACE, founded in 1996, is a community nonprofit in the Community Improvement sector that reported $2.5M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $539K, a strong 22% operating margin.

Mission

NEIGHBORSPACE IS A NONPROFIT URBAN LAND TRUST DEDICATED TO PRESERVING COMMUNITY GARDENS IN CHICAGO, ILLINOIS AS LOCALLY MANAGED ASSETS AVAILABLE FOR ALL TO ENJOY.

Program Service Accomplishments

Program 1

Expenses: $1,641,530

NEIGHBORSPACE CONTINUES TO ASSIST DOZENS OF BLOCK CLUBS, CHURCH GROUPS AND NEIGHBORHOOD ASSOCIATIONS WHO HAVE SET OUT TO RECLAIM THE UNUSED LOTS IN THEIR COMMUNITIES ACCROSS CHICAGO. OUT OF FIELDS OF WEEDS THEY CREATE ROWS OF VEGETABLES. OUT OF PLACES USED FOR DUMPING GARBAGE THEY CREATE PLACES TO RECONNECT WITH NATURE. UNFORTUNATELY, MANY OF THESE URBAN OASES DISAPPEAR QUICKLY OR ARE LOST FOREVER DUE TO REDEVELOPMENT OR LACK OF RESOURCES. THIS IS WHERE NEIGHBORSPACE COMES IN. AS CHICAGO'S NONPROFIT LAND TRUST FOR COMMUNITY GARDENS THEY ARE HERE TO ENSURE THAT THESE COMMUNITY-DRIVEN EFFORTS ARE NOT FLEETING; THAT THE COMMUNITY'S HARD WORK AND VISION LIVES ON, ESPECIALLY IN THOSE AREAS WITH THE LEAST AMOUNT OF OPEN SPACE. SINCE 1996 NEIGHBORSPACE HAS BEEN ABLE TO PRESERVE OVER 120 NEIGHBORHOOD GARDENS, EACH ONE A UNIQUE EXPRESSION OF THE COMMUNITY THAT CREATED IT. IN 2024 NEIGHBORSPACE WILL CONTINUE TO GROW. THEY ARE WORKING TO PROTECT VISIONARY COMMUNITY GARDEN ACROSS THE CITY, IN SOUTH SHORE, AUSTIN, AVONDALE, LITTLE VILLAGE AND BEYOND.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,477,573

Program Service Revenue $0

Investment Income $10,912

Other Revenue $0

TOTAL REVENUE $2,488,485

Expense Breakdown

Grants Paid $0

Salaries & Benefits $514,541

Fundraising Expenses $79,748

Program Expenses $1,641,530

Other Expenses $1,434,501

TOTAL EXPENSES $1,949,042

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,488,485	$2,086,640	+0.2%
Expenses	$1,949,042	$1,702,549	+0.1%
Net Income	$539,443	$384,091	+0.4%

Key Indicators

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

3000

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

$104,812

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHY BREITENBACH	PRESIDENT	1.00	Officer Director	$0	$0	$0
WYLLYS MANN	TREASURER	1.00	Officer Director	$0	$0	$0
JESSICA FONG	SECRETARY	1.00	Officer Director	$0	$0	$0
KATE ANSORGE	DIRECTOR	1.00	Director	$0	$0	$0
WALTER BURNETT	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS DEER	DIRECTOR	1.00	Director	$0	$0	$0
DR SHEMUEL ISRAEL	DIRECTOR	1.00	Director	$0	$0	$0
ARI W KRIGEL	DIRECTOR	1.00	Director	$0	$0	$0
JOSE M MUNOZ	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG STEVENSON	DIRECTOR	1.00	Director	$0	$0	$0
JACQUI ULRICH	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTY WEBBER	DIRECTOR	1.00	Director	$0	$0	$0
BENJAMIN R HELPHAND	EXECUTIVE DIRECTOR	40.00	Officer	$104,812	$0	$104,812

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	$2,488,485	$1,949,042	$8,596,509	$539,443
2022	$2,086,640	$1,702,549	$8,030,939	$384,091
2021	$2,071,186	$1,515,621	$7,551,211	$555,565
2020	$2,409,546	$1,765,624	$7,151,556	$643,922
2019	$897,598	$961,997	$6,349,083	$-64,399
2018	$1,442,052	$1,050,489	$6,424,938	$391,563