Neighborhood Housing and Development Corporation

EIN: 592203965 501(c)(3) Housing & Shelter

Gainesville, FL

Total Revenue
$1,638,707
Total Expenses
$1,828,829
Total Assets
$8,500,942
Net Assets
$8,215,665
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
FL
Principal Officer
Fred Schilffarth
Phone
3523809119
Tax Period
2024-10-01 to 2025-09-30

Neighborhood Housing and Development Corporation, founded in 1982, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2024. Expenses of $1.8M exceeded revenue, resulting in a 12% operating deficit.

Mission

The Organizations mission is to improve quality of life and economic opportunities by providing services that will address identified community needs. The primary focus is to increase access to quality, affordable, sustainable housing for low income families.

Program Service Accomplishments

Program 1
Expenses: $507,461

NHDC CARES functions as an intervention program providing direct housing assistance, supportive services, and case coordination for households experiencing housing instability, including those facing...

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NHDC CARES functions as an intervention program providing direct housing assistance, supportive services, and case coordination for households experiencing housing instability, including those facing eviction, loss of housing, or utility disruptions. NHDC CARES supports NHDCs mission by stabilizing households during crisis and intentionally wrapping clients back into NHDCs broader program models once stability is achieved. This includes coordination with NHDCs homeownership preservation and promotion programs, where HUD-certified housing counselors meet with stabilized clients to evaluate readiness and provide coaching on short-term financial recovery and long-term housing sustainability goals.

Program 2
Expenses: $338,887 Revenue: $12,376

Housing Development. The Corporation builds new homes and rehabilitates existing homes that are made available for sale to first-time home buyers.

Program 3
Expenses: $322,668 Revenue: $455,558

Housing Rentals. The Corporation maintains an inventory of single family rental properties that are available for households who aspire to become home purchasers and provides them with on-going...

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Housing Rentals. The Corporation maintains an inventory of single family rental properties that are available for households who aspire to become home purchasers and provides them with on-going counseling support that is intended to assist them to become mortgage ready for eventual home ownership. The Corporation manages properties that are owned solely by the Corporation. In addition, the rental portfolio consists of properties provided through the Alachua and Clay County Neighborhood Stabilization Programs. After the 15-year affordability period, the title to these properties will be transferred to the Corporation.

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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 $1,357,639
Program Service Revenue $483,808
Investment Income $6,299
Other Revenue $-209,039
TOTAL REVENUE $1,638,707

Expense Breakdown

Grants Paid $464,719
Salaries & Benefits $699,644
Fundraising Expenses $125,429
Program Expenses $1,462,911
Other Expenses $664,466
TOTAL EXPENSES $1,828,829

Year-over-Year Comparison

2024 2023 Change
Revenue $1,638,707 $1,672,555 0.0%
Expenses $1,828,829 $1,387,888 +0.3%
Net Income $-190,122 $284,667 -1.7%
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
12
Independent Members
12
Employees
9
Volunteers
14

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
7
$266,895
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
P Andre Parchment Executive Director 40.00
Officer
$104,251 $8,115 $112,366
Cheryl Beardsley Chief Financial Officer 40.00
Officer
$66,007 $16,147 $82,154
Janice Crews Chief Operating Officer 40.00
Officer
$61,962 $10,413 $72,375
Henry Scherwin Board Member 1.00
Director
$0 $0 $0
Anthony Miller Board Member 1.00
Director
$0 $0 $0
Jose Moreno Board Member 1.00
Director
$0 $0 $0
Janelle Profant Board Member 1.00
Director
$0 $0 $0
Jeff Quigley Board Member 1.00
Director
$0 $0 $0
Tracey Brown Board Member 1.00
Director
$0 $0 $0
Malcolm Kiner Board Member 1.00
Director
$0 $0 $0
Charles Harris Board Member 1.00
Director
$0 $0 $0
Paul Haven Treasurer 1.00
Officer Director
$0 $0 $0
Fred Schilffarth President 1.00
Officer Director
$0 $0 $0
Helen Warren Secretary 1.00
Officer Director
$0 $0 $0
James Swift Vice President 1.00
Officer 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
2025 $1,638,707 $1,828,829 $8,500,942 $-190,122
2024 $1,672,555 $1,383,094 $8,235,412 $289,461
2024 $1,672,555 $1,387,888 $8,781,197 $284,667
2023 $2,203,372 $1,320,098 $7,797,721 $883,274
2022 $1,650,603 $1,209,731 $6,914,006 $440,872
2021 $1,553,415 $1,263,341 $6,484,246 $290,074
2020 $1,049,150 $948,083 $6,870,329 $101,067
2019 $1,424,711 $1,475,531 $6,273,877 $-50,820
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