Neighborhood Housing Services of Greater Berks Inc

Nonprofit profile at a glance

EIN
232066952
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Reading, PA, USA
Phone
6103728433
Rating
89
Verdict
STRONG
Rating confidence
Standard
Sector
Housing Support

Official website

Reported finances

Revenue
$2,512,162
Expenses
$2,681,312
Assets
$19,649,950
Liabilities
$12,494,372

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

Leadership & pay

18 people listed

Executive titles in this filing

  • MARISOL TORRES (PRESIDENT)
  • ERIKA HOFFMAN (VICE PRESIDENT)
  • STEPHEN T GIERINGER (CEO, ASSISTANT TREASURER)
  • DANIEL SANSARY (EXECUTIVE DIRECTOR)

Highest reported compensation

  • STEPHEN T GIERINGER (CEO, ASSISTANT TREASURER): $171,481 total reported compensation
  • ERIKA DE LA MORA (DEPUTY DIRECTOR): $131,542 total reported compensation
  • DANIEL SANSARY (EXECUTIVE DIRECTOR): $124,913 total reported compensation

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

Overview

Mission

The mission of neighborhood housing service of greater berks is to facilitate and provide affordable housing programs and initiatives that will expand homeownership opportunities for all the people of berks county, especially low to moderate income familites, and will contribute to the revitalization of our neighborhoods and the greater community.

What it reported doing in 2024

Home ownership center: the organization offers assistance through a variety of programs to clients who are preparing to become homeowners, and offers several types of loans to assist first-time homebuyers. The programs include lending for home purchase assistance and home repairs, homebuyer education, and budget and credit counseling.2024 program accomplishments: the home ownership center via nhs assisted 214 families buy their first home, lending $3,138,248 in down payment and closing cost assistance loans.see schedule o for additional program accomplishments. 390 individuals benefited from the fastrack homebuyer education workshops and 412 clients received one-on-one counseling covering topics such as: pre-purchase, pre-closing and budget/credit counseling (not including foreclosure services) the total nhs loan portfolio remained strong relative to the national economy. 31 loans were past due as of december 31st out of a total portfolio of 1,122 loans

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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 96
  • Transparency & Controls: 80
  • Accountability: 100
  • Sustainability: 38
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 99.4%; rating input score 99
  • Program expense ratio: 93.2%; rating input score 93
  • Fundraising efficiency: $110.67 raised per $1 spent on fundraising; rating input score 87; 87th 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: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd 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: -6.7%; rating input score 17; 17th percentile among comparable filings
  • Total-asset coverage ratio: 7.33; rating input score 88; 88th percentile among comparable filings
  • Liabilities to assets ratio: 0.64; rating input score 15; 15th percentile among comparable filings
  • Officer compensation ratio: 16%; rating input score 17; 17th percentile among comparable filings

Growth

  • Program expense growth: 13.4% per year; rating input score 100; 74th percentile among comparable filings
  • Revenue growth: 9.8% per year; rating input score 100; 68th percentile among comparable filings
  • Asset growth: 15.4% per year; rating input score 100; 75th percentile among comparable filings

Details

  • Where the money goes: 99.4% of revenue deployed · 93.2% of spending went to programs
  • Governance: 15 of 15 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $2.5M in reported program spending
  • Leadership: top reported pay $171K · 18 people listed · 2 of 6 pay-setting controls reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 12 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 2 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.
  • 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.

  • High — Sustainability: Operating margin scored 17/100.
  • High — Sustainability: Liabilities to assets ratio scored 15/100.
  • High — Sustainability: Officer compensation ratio scored 17/100.