Neighborhood Building Owners Alliance

Nonprofit profile at a glance

EIN
261516366
IRS 990 coverage
2022–2025
Forms available
Form 990 2025, Form 990-N 2022
Location
Chicago, IL, USA
Phone
7734911235
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Reported finances

Revenue
$379,116
Expenses
$290,901
Assets
$299,269
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

24 people listed

Executive titles in this filing

  • MICHAEL GLASSER (PRESIDENT)
  • ANDREW LEVIN (VICE PRESIDENT)
  • FIONN MCMANIGAL (VICE PRESIDENT)

Highest reported compensation

  • MICHAEL GLASSER (PRESIDENT): $4,800 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

A non-for-profit association of neighborhood building owners groups who advance the interests of neighborhood property owners and their communities.

What it reported doing in 2025

The nboa serves the members of its 11 community building owner affiliates. Like those affiliates, the nboa is a forum for information, professional development and networking. In addition, the nboa advocates on behalf of small and mid-sized housing providers. Its team of professionals works to tell the story of neighborhood housing in the media, and to educate public officials to make sure that housing providers are part of housing policy through the following: advocacy - we work with our members to understand all points of view and educate public officials on our discoveries and perspectives. Education - we find opportunities to gather owners, developers and their potential counterparts to keep them abreast of new legislation, trend, and partnerships on the horizon. Strategy & planning - rather than working on an individual basis or in small groups, we gather information from all our partners to build strategic positions that mitigate ineffective rules and regulations.

Operating model

Revenue model
Donor-supported. 90% of the money available for current operations came from contributions and gifts.
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

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 42
  • Transparency & Controls: 92
  • Accountability: 81
  • Sustainability: 61
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 39.9%; rating input score 40
  • Program expense ratio: 51.4%; rating input score 51
  • Fundraising efficiency: $6.35 raised per $1 spent on fundraising; rating input score 26; 26th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th 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: 95.5%; rating input score 95; 28th percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • 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: 23.3%; rating input score 75; 75th percentile among comparable filings
  • Total-asset coverage ratio: 1.03; rating input score 42; 42nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
  • Officer compensation ratio: 1.7%; rating input score 33; 33rd percentile among comparable filings

Growth

  • Program expense growth: 29.3% per year; rating input score 100; 89th percentile among comparable filings
  • Revenue growth: 31.8% per year; rating input score 100; 93rd percentile among comparable filings
  • Asset growth: 36.8% per year; rating input score 100; 93rd percentile among comparable filings

Details

  • Where the money goes: 39.9% of revenue deployed · 51.4% of spending went to programs
  • Governance: 21 of 22 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $149K in reported program spending
  • Leadership: top reported pay $5K · 24 people listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 4 filing years from 2022 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 40/100.
  • Review — Financial Efficiency: Program expense ratio scored 51/100.
  • High — Financial Efficiency: Fundraising efficiency scored 26/100.
  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
  • Moderate — Sustainability: Officer compensation ratio scored 33/100.