Neighborgood Partners

Nonprofit profile at a glance

EIN
526054476
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
Dover, DE, USA
Phone
3026789400
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Agricultural Programs

Official website

Reported finances

Revenue
$11,547,999
Expenses
$6,517,573
Assets
$54,149,635
Liabilities
$22,153,011

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • J RANDALL KUNKLE (PRESIDENT)
  • JOHN G MOORE (VICE PRESIDENT)
  • KAREN SPEAKMAN (EXECUTIVE DIRECTOR)

Highest reported compensation

  • KAREN SPEAKMAN (EXECUTIVE DIRECTOR): $178,488 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To strengthen communities through housing, lending, and education.

What it reported doing in 2024

Real estate development services: technical assistance to locally based nonprofit housing corporations on the delmarva peninsula for the development and preservation of affordable apartments. Services include packaging financing applications and assistance throughout the development process. 164 units with several apartment projects are in process. Opened the neighborgood center in dover, de. Also, 7 for sale homes were under construction and 3 were completed and sold in downtown dover, de. Foreclosure prevention counseling: counseling and education services, assist households experiencing financial hardships or unaffordable mortgages in Delaware to avoid or resolve impending home foreclosure through workshops, individual counseling, loan modifications and access to federal and state programs. Activity included assisting 201 clients with counseling services and 80 households achieving positive resolution. Stand by me: financial coaching was provided to 1,1358 households at venues such as public housing, community colleges, and employers' workplaces. Activity included 487 new clients and 1,981 appointments held. Restoring central dover; ninth year of implementation of the neighborhood revitalization plan working with residents and work groups on specific projects and strategies for improvement. Various events were held this year with activities for residents to participate in such as health fair, block parties and public safety efforts. Our 12 week launcher entepreneur classes had 28 graduates.

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.

The verdict

SUPPORTED - A large share of total spending goes to programs and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 65
  • Transparency & Controls: 65
  • Accountability: 100
  • Sustainability: 82
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 50%; rating input score 50
  • Program expense ratio: 85.3%; rating input score 85
  • Fundraising efficiency: $79.15 raised per $1 spent on fundraising; rating input score 82; 82nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • 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: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 43.6%; rating input score 92; 92nd percentile among comparable filings
  • Total-asset coverage ratio: 8.31; rating input score 90; 90th percentile among comparable filings
  • Liabilities to assets ratio: 0.41; rating input score 36; 36th percentile among comparable filings
  • Officer compensation ratio: 2.7%; rating input score 70; 70th percentile among comparable filings

Growth

  • Program expense growth: 2.5% per year; rating input score 100; 22nd percentile among comparable filings
  • Revenue growth: 13.8% per year; rating input score 100; 84th percentile among comparable filings
  • Asset growth: 9.1% per year; rating input score 100; 60th percentile among comparable filings

Details

  • Where the money goes: 50% of revenue deployed · 85.3% of spending went to programs
  • Governance: 15 of 15 board members independent · 8 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $5.6M in reported program spending
  • Leadership: top reported pay $178K · 16 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 36 of 36 current checks pass
  • Schedules: 8 filed schedules · includes major donors and executive pay
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 50/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 36/100.