Neighborhood Housing Services of Baltimore Inc
Nonprofit profile at a glance
- EIN
- 521007666
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- Baltimore, MD, USA
- Phone
- 4103271200
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community Coalitions
Reported finances
- Revenue
- $6,792,931
- Expenses
- $6,031,971
- Assets
- $52,423,871
- Liabilities
- $25,572,365
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- DANIEL T ELLIS (EXECUTIVE DIRECTOR)
Highest reported compensation
- DANIEL T ELLIS (EXECUTIVE DIRECTOR): $203,218 total reported compensation
- JASON HENDRICKS (CHIEF OPERATING OFFICER): $153,713 total reported compensation
- CATHY SEMANS (SNIOR DIR OF OPERATIONS): $111,911 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Neighborhood housing services of baltimore (nhs) stimulates, protects and preserves homeownership and financial well-being to strengthen communities.
What it reported doing in 2024
Within the lending department, nhs baltimore offers a variety of loans for down payment and closing cost assistance, owner occupied rehab and small dollar consumer loans. Rehab lending is a home improvement loan to assist with structural repair and participants can receive a loan of up to $30,000 depending on the level of work needed for the home. An nhs staff person assists in bidding and overseeing construction. Quick fix small rehab loans are for smaller jobs and participants can receive loans up to $5,000. Small dollar for rehab consumer loans and small dollar consumer loans are available for almost anything to assist in times of need. Tax sale loans are for borrowers in danger of losing their homes to tax sale in baltimore city for small amounts of money.
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 the filed numbers largely add up. A relatively small share of available resources goes toward mission work and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 65
- Transparency & Controls: 74
- Accountability: 96
- Sustainability: 63
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 56.1%; rating input score 56
- Program expense ratio: 76.5%; rating input score 77
- Fundraising efficiency: $33.29 raised per $1 spent on fundraising; rating input score 71; 71st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- 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: 92.9%; rating input score 93; 23rd percentile among comparable filings
- Governance controls: 9 of 9 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: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 11.2%; rating input score 65; 65th percentile among comparable filings
- Total-asset coverage ratio: 8.69; rating input score 90; 90th percentile among comparable filings
- Liabilities to assets ratio: 0.49; rating input score 22; 22nd percentile among comparable filings
- Officer compensation ratio: 11.1%; rating input score 27; 27th percentile among comparable filings
Growth
- Program expense growth: 8.6% per year; rating input score 100; 58th percentile among comparable filings
- Revenue growth: 6.7% per year; rating input score 100; 52nd percentile among comparable filings
- Asset growth: 12.8% per year; rating input score 100; 68th percentile among comparable filings
Details
- Where the money goes: 56.1% of revenue deployed · 76.5% of spending went to programs
- Governance: 13 of 14 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $4.6M in reported program spending
- Leadership: top reported pay $203K · 18 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $3.9M reported
- Consistency: 34 of 34 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 13 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 56/100.
- High — Sustainability: Liabilities to assets ratio scored 22/100.
- High — Sustainability: Officer compensation ratio scored 27/100.