Neighborhood Investment Partners Inc

EIN: 611401738 501(c)(3) Housing & Shelter

COVINGTON, KY

Total Revenue
$1,695,798
Total Expenses
$979,371
Total Assets
$3,217,771
Net Assets
$1,286,273
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
KY
Principal Officer
Leroy Hodge
Phone
8592912282
Tax Period
2023-01-01 to 2023-12-31

Neighborhood Investment Partners Inc, founded in 2002, is a community nonprofit in the Housing & Shelter sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 204% from the prior year, signaling strong growth momentum. The organization ran a surplus of $716K, a strong 42% operating margin.

Mission

To promote and accomplish community development and the expansion of affordable rental housing, homeownership, and mixed-use development; by identify and using available capital sources, renovation and new construction. Its purpose also includes the fostering of educational and vocational developments.

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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 $1,193,978
Program Service Revenue $501,502
Investment Income $318
Other Revenue $0
TOTAL REVENUE $1,695,798

Expense Breakdown

Grants Paid $0
Salaries & Benefits $326,931
Fundraising Expenses $0
Program Expenses $700,817
Other Expenses $652,440
TOTAL EXPENSES $979,371

Year-over-Year Comparison

2023 2022 Change
Revenue $1,695,798 $558,063 +2.0%
Expenses $979,371 $628,501 +0.6%
Net Income $716,427 $-70,438 -11.2%
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

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Governance

Voting Members
5
Independent Members
5
Employees
9
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
3
$107,725
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bryce Rhoades Secretary 1.00
Officer Director
$0 $0 $0
Leroy Hodge Executive Director 40.00
Officer
$104,173 $3,552 $107,725
Bradie Bowen Director 1.00
Director
$0 $0 $0
Brandon Holmes President/Board Chair 20.00
Officer Director
$0 $0 $0
Brandon Mims Director 1.00
Director
$0 $0 $0
Alberto Gomez Director 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 $1,695,798 $979,371 $3,217,771 $716,427
2022 $558,063 $628,501 $3,073,519 $-70,438
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