NEIGHBORHOOD HOUSING SERVICES OF M… - 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

1980

Legal Domicile

Principal Officer

STACI HORWITZ

Phone

6125947150

Tax Period

2024-01-01 to 2024-12-31

NEIGHBORHOOD HOUSING SERVICES OF MINNEAPOLIS INC, founded in 1980, is a small nonprofit in the Housing & Shelter sector that reported $118K in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $53K, a strong 45% operating margin.

Mission

NHS EXISTS TO PROMOTE SUSTAINABLE HOME OWNERSHIP IN SPECIFICALLY TARGETED NEIGHBORHOODS OF NORTH AND SOUTH MINNEAPOLIS, MN BY PROVIDING LENDING, POST PURCHASE TRAINING, COUNSELING, AND DEVELOPMENTAL SERVICES TO PROSPECTIVE AND CURRENT RESIDENTS.

Program Service Accomplishments

Program 1

Expenses: $65,309 Revenue: $25,864

NHSM CONTINUES TO MANAGE A SMALL NUMBER OF LOANS AND AS OF DECEMBER 31, 2024, WAS MANAGING ONE CONTRACT FOR DEED HOME FOR MINNESOTA HOUSING'S MINNESOTA URBAN AND RURAL HOMESTEADING (MURL) PROGRAM...

NHSM CONTINUES TO MANAGE A SMALL NUMBER OF LOANS AND AS OF DECEMBER 31, 2024, WAS MANAGING ONE CONTRACT FOR DEED HOME FOR MINNESOTA HOUSING'S MINNESOTA URBAN AND RURAL HOMESTEADING (MURL) PROGRAM. THROUGH CLCLT'S PROJECT: SUSTAINED LEGACY PROGRAM, NHSM ASSISTED ONE MURL HOMEOWNER IN BEING ABLE TO RETAIN HER HOME.

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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 $0

Program Service Revenue $25,864

Investment Income $92,483

Other Revenue $0

TOTAL REVENUE $118,347

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $65,309

Other Expenses $65,309

TOTAL EXPENSES $65,309

Year-over-Year Comparison

	2024	2023	Change
Revenue	$118,347	$83,794	+0.4%
Expenses	$65,309	$211,725	-0.7%
Net Income	$53,038	$-127,931	-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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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

N/A

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

$335,276

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATRICE WILLIAMS	CHAIR	0.50	Officer Director	$0	$0	$0
MARY CHRISTIANSON	VICE CHAIR	0.50	Officer Director	$0	$0	$0
CHRISTINA A JENNINGS	TREASURER	0.50	Officer Director	$0	$0	$0
LIBBY F MURPHY	SECRETARY	0.50	Officer Director	$0	$0	$0
JASMINE BILLEY	MEMBER	0.50	Director	$0	$0	$0
RHEA BLUEARM	MEMBER	0.50	Director	$0	$0	$0
NATALY SANCHEZ	MEMBER	0.50	Director	$0	$0	$0
LUCIE SKJEFTE	MEMBER	0.50	Director	$0	$0	$0
MINKARA TEZET	MEMBER	0.50	Director	$0	$0	$0
BONITA TURNIPSEED	MEMBER	0.50	Director	$0	$0	$0
J RALPH PACE	MEMBER	0.50	Director	$0	$0	$0
STACI HORWITZ	OPERATIONS DIRECTOR	3.50	Officer	$0	$16,369	$107,061
MOLLIE MOSMAN	FINANCE DIRECTOR	3.50	Officer	$0	$11,662	$103,565
ANDREA REESE	EXECUTIVE DIRECTOR	3.00	Officer	$0	$20,281	$124,650

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	$118,347	$65,309	$2,732,017	$53,038
2023	$83,794	$211,725	$2,705,728	$-127,931
2022	$225,376	$335,656	$3,062,961	$-110,280
2021	$167,945	$400,564	$3,162,000	$-232,619
2020	$88,609	$144,214	$3,730,758	$-55,605
2019	$119,860	$350,235	$3,656,770	$-230,375
2018	$386,473	$859,424	$4,409,072	$-472,951

NEIGHBORHOOD HOUSING SERVICES OF MINNEAPOLIS INC