NEIGHBORGOOD PARTNERS INC

EIN: 526054476 501(c)(3) Food, Agriculture & Nutrition

Dover, DE

Total Revenue
$10,837,538
Total Expenses
$6,069,826
Total Assets
$47,085,570
Net Assets
$26,025,256
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Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
DE
Principal Officer
Karen Speakman
Phone
3026789400
Tax Period
2023-10-01 to 2024-09-30

NEIGHBORGOOD PARTNERS INC, founded in 1955, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $10.8M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.8M, a strong 44% operating margin.

Mission

Strengthen Communities through Housing, Lending and Education

Program Service Accomplishments

Program 1
Expenses: $2,010,788 Revenue: $129,306

Loan Fund: NeighborGood Partners is certified by the Treasury Department as a Community Development Financial Institution (CDFI) and as such has a Loan Fund which lends primarily to nonprofit...

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Loan Fund: NeighborGood Partners is certified by the Treasury Department as a Community Development Financial Institution (CDFI) and as such has a Loan Fund which lends primarily to nonprofit borrowers on the Delmarva Peninsula for the purposes of affordable housing, community facilities and economic development. Loan purposes are typically predevelopment, acquisition, and/or construction for single-family and multi-family housing, neighborhood revitalization and community-based facilities, as well as working capital. Loans are underwritten by staff and approved by the Loan Fund Committee of the board. NeighborGood Partners, as a short-term lender, seeks investments and loan participations for capital to lend. Activity included 18 new loans, totaling $10.1 million with 55 loans being serviced overall.

Program 2
Expenses: $665,735 Revenue: $61,000

Homeownership: NeighborGood Partners is a HUD-certified Housing Counseling Agency and as such provide comprehensive homeownership counseling and education services to low and moderate income...

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Homeownership: NeighborGood Partners is a HUD-certified Housing Counseling Agency and as such provide comprehensive homeownership counseling and education services to low and moderate income households in Delaware. With trained and certified counselors, NeighborGood Partners provides a full-service "Preparing for Homeownership" curriculum in group and individual sessions geared towards assisting renter households to become mortgage-ready as first-time homebuyers. Households participate, become informed consumers, and work to become eligible for access to sound mortgage products. Activity included 678 households counseled and 207 households achieving homeownership.

Program 3
Expenses: $600,342 Revenue: $0

Self-Help Housing Technical and Management Assistance: NeighborGood Partners provides technical and management assistance (T&MA) to local self-help housing grantees in a 21 state region of the...

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Self-Help Housing Technical and Management Assistance: NeighborGood Partners provides technical and management assistance (T&MA) to local self-help housing grantees in a 21 state region of the northeast and north central areas of the United States through a contract with USDA's Rural Housing Service. Staff training, quarterly review meetings, newsletters, application preparation and reviews, progress monitoring, problem solving, and other support is provided to self-help housing grantees to build or repair 50-75 homes a year using participant family sweat equity. Families are low and very low income typically using the RD 502 mortgage program for building materials and the families provide the labor. NeighborGood Partners acts as an intermediary providing the support services to the grantees who in turn oversee and assist the participating families in building their homes. Activity included management and technical support to 10 self-help housing grantees and 50 houses were built.

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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 $9,014,284
Program Service Revenue $1,398,173
Investment Income $423,508
Other Revenue $1,573
TOTAL REVENUE $10,837,538

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,586,512
Fundraising Expenses $125,574
Program Expenses $5,221,176
Other Expenses $2,483,314
TOTAL EXPENSES $6,069,826

Year-over-Year Comparison

2023 2022 Change
Revenue $10,837,538 $7,900,254 +0.4%
Expenses $6,069,826 $5,759,301 +0.1%
Net Income $4,767,712 $2,140,953 +1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
15
Employees
51
Volunteers
35

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
$0
Total Directors
15
$0
Key Employees
1
$126,428
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Karen Speakman Executive Director 40
Key Emp Highest
$126,428 $0 $126,428
J Randall Kunkle President 0
Officer Director
$0 $0 $0
John G Moore Vice President 0
Officer Director
$0 $0 $0
Anthony DePrima Treasurer 0
Officer Director
$0 $0 $0
Tracey Harvey Secretary 0
Officer Director
$0 $0 $0
Kim Adams Board Member 0
Director
$0 $0 $0
Peggy M Geisler Board Member 0
Director
$0 $0 $0
C Denise Hicks Board Member 0
Director
$0 $0 $0
Janaid Kareem Board Member 0
Director
$0 $0 $0
Daniel S Kuennen Board Member 0
Director
$0 $0 $0
Jayce R Lesniewski Board Member 0
Director
$0 $0 $0
Carla Mannings Board Member 0
Director
$0 $0 $0
Nichole Piper Board Member 0
Director
$0 $0 $0
Sarah Rhine Board Member 0
Director
$0 $0 $0
Christella St Juste Board Member 0
Director
$0 $0 $0
Amy Walls Board Member 0
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 $10,837,538 $6,069,826 $47,085,570 $4,767,712
2023 $7,900,254 $5,759,301 $42,526,207 $2,140,953
2022 $5,835,824 $4,994,437 $39,111,935 $841,387
2021 $7,807,910 $5,973,237 $35,738,528 $1,834,673
2020 $5,766,284 $5,384,360 $34,832,158 $381,924
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