Neighbor to Neighbor Ministries
Nonprofit profile at a glance
- EIN
- 562016457
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Raleigh, NC, USA
- Phone
- 9195717055
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Youth Development Programs
Reported finances
- Revenue
- $2,307,632
- Expenses
- $1,828,281
- Assets
- $2,415,903
- Liabilities
- $674,205
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- ROYCE J HATHCOCK (EXECUTIVE DIRECTOR)
Highest reported compensation
- ROYCE J HATHCOCK (EXECUTIVE DIRECTOR): $55,691 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Building communities of hope, justice and compassion. We at neighbor to neighbor ministries are committed in our mission to providing holistic and comprehensive high quality resources for adults, youth, children and their families. We are grassroots in our practice and are committed first and foremost to these grassroots relationships. We believe that through these committed, caring relationships mixed with high quality structured resources, youth and their family members will not only move forward but will also be the catalyst and example to lead the way for positive long lasting change that will break the cycle of poverty in our urban communities and ultimately provide productive leaders for the future of our nation.
What it reported doing in 2024
Neighbor to neighbor provided education, housing support and social enterprise programs for youth and families in southeast raleigh and the latino community in north raleigh. We delivered after school mentoring, workforce and enterprise training, and housing stability services that helped families make measurable progress toward long-term stability.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 87
- Accountability: 85
- Sustainability: 63
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 69.9%; rating input score 70
- Program expense ratio: 88%; rating input score 88
- Fundraising efficiency: $618.84 raised per $1 spent on fundraising; rating input score 96; 96th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.1%; rating input score 94; 23rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 91.7%; rating input score 92; 22nd percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 20.8%; rating input score 78; 78th percentile among comparable filings
- Total-asset coverage ratio: 1.32; rating input score 47; 47th percentile among comparable filings
- Liabilities to assets ratio: 0.28; rating input score 36; 36th percentile among comparable filings
- Officer compensation ratio: 3%; rating input score 68; 68th percentile among comparable filings
Growth
- Program expense growth: 15% per year; rating input score 100; 78th percentile among comparable filings
- Revenue growth: 9.4% per year; rating input score 100; 66th percentile among comparable filings
- Asset growth: 8% per year; rating input score 100; 50th percentile among comparable filings
Details
- Where the money goes: 69.9% of revenue deployed · 88% of spending went to programs
- Governance: 11 of 12 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.6M in reported program spending
- Leadership: top reported pay $56K · 12 people listed
- Consistency: 34 of 34 current checks pass
- Schedules: 8 filed schedules · includes major donors
- Filing history: 13 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 36/100.