NEIGHBORHOOD HOUSING SERVICES OF W… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

DELISA BURNELL-SMITH

Phone

2547521647

Tax Period

2023-10-01 to 2024-09-30

NEIGHBORHOOD HOUSING SERVICES OF WACO, founded in 1993, is a community nonprofit in the Housing & Shelter sector that reported $1.9M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.7M left a modest 10% surplus.

Mission

BUILDING STRONGER NEIGHBORHOODS THROUGH HOMEOWNERSHIP, QUALITY RENTAL HOUSING AND COMMUNITY BUILDING INITIATIVES.

Program Service Accomplishments

Program 1

Expenses: $439,958 Revenue: $1,019,457

PROPERTY MANAGEMENT - THE ORGANIZATION OFFERS A LEASE WITH OPTION TO PURCHASE PROGRAM FOR FAMILIES ON THE CUSP OF HOMEOWNERSHIP. THE ORGANIZATION OWNED AND MANAGED 114 RENTAL UNITS DURING FISCAL YEAR...

Program 2

Expenses: $172,780 Revenue: $207,452

REAL ESTATE DEVELOPMENT - THROUGH THEIR OUTREACH PROJECTS, NEIGHBORWORKS SEEKS TO CREATE OUTLETS TO MOBILIZE VOLUNTEERS, BEAUTIFY NEIGHBORHOODS, UNITE COMMUNITIES, AND CELEBRATE RESIDENT INVOLVEMENT. ALSO PROVIDES BEST-OF PRACTICES AND TRAINING TO LOCAL EMERGING AND ESTABLISHED LEADERS IN THE COMMUNITY. NEIGHBORWORKS HAS BEEN DEVELOPING AFFORDABLE HOUSING SINCE 1997. BOTH NEW CONSTRUCTION AND SINGLE FAMILY REHAB IS AVAILABLE. FOUR SINGLE FAMILY HOME PROJECTS WERE COMPLETED IN FISCAL YEAR 2024.

Program 3

Expenses: $302,226 Revenue: $180,146

LENDING - NEIGHBORWORKS OFFERS COMPETITIVE MORTGAGE PRODUCTS FOR FIRST MORTGAGES AND DOWN PAYMENT & CLOSING COST ASSISTANCE AT LOW INTEREST RATES. ALSO OFFERS A REFINANCE PRODUCT TO HELP REDUCE...

LENDING - NEIGHBORWORKS OFFERS COMPETITIVE MORTGAGE PRODUCTS FOR FIRST MORTGAGES AND DOWN PAYMENT & CLOSING COST ASSISTANCE AT LOW INTEREST RATES. ALSO OFFERS A REFINANCE PRODUCT TO HELP REDUCE MONTHLY MORTGAGE PAYMENTS. THE ORGANIZATION COUNSELED WITH 381 FAMILIES THROUGH THE ONSITE AND ONLINE EDUCATION COURSE, COMPLETED LOANS FOR 7 FAMILIES AND 33 ADDITIONAL COUNSELED FAMILIES PURCHASED HOMES WITHOUT LENDING ASSISTANCE FROM THE ORGANIZATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $396,914

Program Service Revenue $436,270

Investment Income $87,954

Other Revenue $963,845

TOTAL REVENUE $1,884,983

Expense Breakdown

Grants Paid $0

Salaries & Benefits $882,366

Fundraising Expenses $0

Program Expenses $1,105,410

Other Expenses $820,860

TOTAL EXPENSES $1,703,226

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,884,983	$1,679,246	+0.1%
Expenses	$1,703,226	$1,739,593	0.0%
Net Income	$181,757	$-60,347	-4.0%

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

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

$472,289

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA WEAVER	BOARD CHAIR	0.00	Officer Director	$0	$0	$0
SCOTT WILLIAMS	BOARD VICE CHAIR	0.00	Officer Director	$0	$0	$0
PAT NOWOTNY	BOARD SECRETARY	0.00	Officer Director	$0	$0	$0
PHILLIP PRINCE	BOARD TREASURER	0.00	Officer Director	$0	$0	$0
DELFINA VELASQUEZ	EXECUTIVE COMMITTEE	0.00	Director	$0	$0	$0
ELTON HALL	EXECUTIVE COMMITTEE	0.00	Officer Director	$0	$0	$0
CHRIS GUTIERREZ	EXECUTIVE COMMITTEE	0.00	Officer Director	$0	$0	$0
OSCAR CHOMBO	DIRECTOR	0.00	Director	$0	$0	$0
CONNIE LOZANO	DIRECTOR	0.00	Director	$0	$0	$0
JIM LAMBERT	DIRECTOR	0.00	Director	$0	$0	$0
JEAN ANN HOOVER	DIRECTOR	0.00	Director	$0	$0	$0
JIM SMITH	DIRECTOR	0.00	Director	$0	$0	$0
JOHN BOGGS	DIRECTOR	0.00	Director	$0	$0	$0
HARRISON GRAY	DIRECTOR	0.00	Director	$0	$0	$0
ROY NASH	PRESIDENT, CEO	40.00	Officer	$180,630	$29,158	$209,788
DELISA BURNELL-SMITH	VICE PRESIDENT, COO	40.00	Officer	$126,959	$21,970	$148,929
KAREN SAUCEDO	CFO	40.00	Officer	$105,089	$8,483	$113,572

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	$1,884,983	$1,703,226	$16,582,464	$181,757
2023	$1,679,246	$1,739,593	$16,590,075	$-60,347
2022	$2,323,486	$1,556,557	$17,164,106	$766,929
2021	$1,734,316	$1,473,216	$16,457,532	$261,100
2020	$1,596,049	$1,300,322	$14,653,727	$295,727
2019	$1,936,355	$1,699,928	$13,503,491	$236,427
2018	$1,723,414	$1,661,299	$13,848,918	$62,115

NEIGHBORHOOD HOUSING SERVICES OF WACO