St Petersburg Neighborhood Housing Services Inc

What it reported doing in 2024

The mission of st petersburg neighborhood housing services (nhs) is to provide affordable housing and homeownership solutions for individuals and families. Nhs is a non-profit neighborhood revitalization and community housing development organization formed in 1980. It was established to stimulate reinvestment in blighted neighborhoods through a working partnership of residents, government, the business community, lending institutions, and key national partners. Nhs relies on research, uses market studies, conducts focus groups, initiates model block projects, promotes neighborhood enhancement campaigns to collect data, fashion proven strategies, identify best practices, foster pride, and build active involvement. Nhs collaborates with various agencies and organizations to achieve strategic educational, cultural, and economic development goals related to its mission. The organization predominately serves low to moderate income residents of the community, its education and advocacy programs are available to all residents, regardless of income who seek assistance. Nhs is aggressively engaged acting as an advocate for distressed homeowners to mitigate foreclosure actions. Goals -broaden community awareness and credibility of our organization to a level where nhs is widely recognized as a reliable community leader and a catalyst for change - expand and enhance our homebuyer and homeowner assistance programs - increase services to help residents access and sustain quality homeownership and create new, innovative programs to overcome the hurdles imposed by the economy -adapt, due to the economy, its financial education and home management programs in order to reduce the number of financially fragile households -provide foreclosure prevention and intervention education to keep families in their homes and prevent homelessness -develop diverse and sustainable revenue streams sufficient to maintain our financial health and viability.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 85.3%; rating input score 85
• Fundraising efficiency: Limited

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: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 7 of 8 controls in place; rating input score 88
  • 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: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -150%; rating input score 1; 1st percentile among comparable filings
• Total-asset coverage ratio: 2.18; rating input score 61; 61st percentile among comparable filings
• Liabilities to assets ratio: 0.78; rating input score 7; 7th percentile among comparable filings
• Officer compensation ratio: 26.1%; rating input score 14; 14th percentile among comparable filings

Growth

• Program expense growth: 4.7% per year; rating input score 100; 53rd percentile among comparable filings
• Revenue growth: 1.5% per year; rating input score 100; 32nd percentile among comparable filings
• Asset growth: 2.8% per year; rating input score 100; 37th percentile among comparable filings