Neighborhood Housing Services Silicon Valley

Nonprofit profile at a glance

EIN
770413992
IRS 990 coverage
2009–2015
Forms available
Form 990 2015
Location
San Jose, CA, USA
Phone
4082792600
Rating
59
Verdict
MIXED
Rating confidence
Moderate
Sector
Housing Expense Reduction Support

Official website

Reported finances

Revenue
$4,694,482
Expenses
$884,932
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • KEN PAREKH (PRESIDENT)
  • MATT HUERTA (EXECUTIVE DIRECTOR)

Highest reported compensation

  • MATT HUERTA (EXECUTIVE DIRECTOR): $122,975 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Neighborhood Housing Services Silicon Valley (NHSSV) worked to improve the living environment of low- and moderate-income families. NHSSV provided programs and services that promote and support responsible home ownership as a means of revitalizing neighborhoods and engendering community pride and economic stability among residents.

What it reported doing in 2015

Home Ownership CenterThe Home Ownership Center program provided a "one-stop" service center for prospective homebuyers through ongoing classes in homebuyer education, credit repair, preventive maintenance and individual pre- and post-purchase counseling. The program also assisted prospective homebuyers in obtaining mortgage financing. To date, the organization's Homeownership Center had educated and counseled over five thousand prospective homebuyers.In addition to its first-time homebuyer programs, the Organization provided foreclosure intervention counseling to troubled homeowners who may lose their homes through foreclosure because of an overly burdensome mortgage loan, job loss, or other destabilizing events. Since establishing these services, the organization had assisted over 4,000 families and prevented over 600 or 20% of these homes from foreclosure. Community Building and Organizing - The Community Building and Organizing (CBO) program assisted neighborhoods leaders and their low- and moderate-income residents to become active in neighborhood revitalization efforts. The three main components include: - Neighborhood Development Training Conference - served up to 400 neighborhood leaders in co-sponsorship with San Jose State University, City of San Jose, CommUniverCity, and the United Neighborhoods of Santa Clara County. - Community Leadership Institute - Participants obtained high level intensive training from NeighborWorks America to take on their most challenging neighborhood projects. - Responsible Landlord Engagement Initiative (RLEI) - The Organization partnered with United Neighborhoods of Santa Clara County and several other stakeholders to hold private landlords accountable to making lasting improvements to their properties in some of the most marginalized neighborhoods in the region. The Organization leveraged these partnerships and grass roots efforts to build additional credibility and support for its other lines of business. These programs ceased in fiscal year 15-16.

Operating model

Revenue model
Other-operating. 89% of the money available for current operations came from other operating revenue.
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

MIXED - 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: 22
  • Transparency & Controls: 92
  • Accountability: 90
  • Sustainability: 48
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 9.6%; rating input score 10
  • Program expense ratio: 48.8%; rating input score 49
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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: 100%; rating input score 100; 65th 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: 81.1%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 13.9%; rating input score 15; 15th percentile among comparable filings

Growth

  • Program expense growth: -64.1% per year; rating input score 0; 1st percentile among comparable filings
  • Revenue growth: 21.4% per year; rating input score 100; 89th percentile among comparable filings
  • Asset growth: -13.3% per year; rating input score 0; 5th percentile among comparable filings

Details

  • Where the money goes: 9.6% of revenue deployed · 48.8% of spending went to programs
  • Governance: 9 of 9 board members independent · 6 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $432K in reported program spending
  • Leadership: top reported pay $123K · 10 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 7 filing years from 2009 to 2015
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Financial Efficiency: Mission deployment rate scored 10/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 49/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 15/100.
  • High — Grant Readiness: California registration: this organization is recorded as not currently operating in California.