2024-08-09T10:07:57-07:00 2023-09-30 990 2022-10-01 526054476 NEIGHBORGOOD PARTNERS INC NEIG 3026789400 363 Saulsbury Road Dover DE 19904 Karen Speakman Executive Director 3026789400 2024-08-09 1 2022 2024-08-08 14:25:15Z Karen Speakman 363 Saulsbury Road Dover DE 19904 7900254 0 X www.neighborgoodpartners.org X 1955 DE To strengthen communities through housing, lending and education for low to moderate income households. 15 15 46 35 0 0 4441528 6530133 1384982 1140343 8928 228101 386 1677 5835824 7900254 0 0 0 0 3061219 3398687 0 0 113271 1933218 2360614 4994437 5759301 841387 2140953 39111935 42526207 21864866 22903851 17247069 19622356 X Strengthen Communities through Housing, Lending and Education 0 0 2004101 0 8272050 Loan Fund: NeighborGood Partners is certified by the Treasury Department as a Community Development Financial Institution (CDFI) and as such has a Loan Fund which lends primarily to nonprofit borrowers on the Delmarva Peninsula for the purposes of affordable housing, community facilities and economic development. Loan purposes are typically predevelopment, acquisition, and/or construction for single-family and multi-family housing, neighborhood revitalization and community-based facilities, as well as working capital. Loans are underwritten by staff and approved by the Loan Fund Committee of the board. NeighborGood Partners, as a short-term lender, seeks investments and loan participations for capital to lend. Activity includes 22 new loans, totaling $15.2 million with 60 loans being serviced overall. 678039 0 106645 Homeownership: NeighborGood Partners is a HUD-certified Housing Counseling Agency and as such provide comprehensive homeownership counseling and education services to low and moderate income households in Delaware. With trained and certified counselors, NeighborGood Partners provides a full-service "Preparing for Homeownership" curriculum in group and individual sessions geared towards assisting renter households to become mortgage-ready as first-time homebuyers. Households participate, become informed consumers, and work to become eligible for access to sound mortgage products. Activity included 640 households counseled and 224 households achieving homeownership. 559504 0 0 Self-Help Housing Technical and Management Assistance: NeighborGood Partners provides technical and management assistance (T&MA) to local self-help housing grantees in a 21 state region of the northeast and north central areas of the United States through a contract with USDA's Rural Housing Service. Staff training, quarterly review meetings, newsletters, application preparation and reviews, progress monitoring, problem solving, and other support is provided to self-help housing grantees to build or repair 50-75 homes a year using participant family sweat equity. Families are low and very low income typically using the RD 502 mortgage program for building materials and the families provide the labor. NeighborGood Partners acts as an intermediary providing the support services to the grantees who in turn oversee and assist the participating families in building their homes. Activity included management and technical support to 9 self-help grantees and 61 houses were built. 1659633 0 0 See Schedule O, Statement 2 1659633 0 0 4901277 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 1 18 0 1 46 1 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 DE X X Kevin Feltz 3026789400 363 Saulsbury Road Dover DE 19904 Karen Speakman Executive Director 40 X X 123360 0 0 J Randall Kunkle President 0 X X 0 0 0 John G Moore Vice President 0 X X 0 0 0 Anthony DePrima Treasurer 0 X X 0 0 0 Tracey Harvey Secretary 0 X X 0 0 0 Kim Adams Board Member 0 X 0 0 0 Peggy M Geisler Board Member 0 X 0 0 0 C Denise Hicks Board Member 0 X 0 0 0 Janaid Kareem Board Member 0 X 0 0 0 Daniel S Kuennen Board Member 0 X 0 0 0 Jayce R Lesniewski Board Member 0 X 0 0 0 Carla Mannings Board Member 0 X 0 0 0 Nichole Piper Board Member 0 X 0 0 0 Sarah Rhine Board Member 0 X 0 0 0 Christella St Juste Board Member 0 X 0 0 0 Amy Walls Board Member 0 X 0 0 0 123360 0 0 1 0 0 0 0 0 0 0 0 6038340 491793 0 6530133 Fees Income 624190 333138 333138 0 0 Loan Fund Interest Income 624229 807205 807205 0 0 1140343 228101 228101 0 0 0 0 0 All Other Revenue 624229 1677 1677 0 0 0 0 0 0 1677 7900254 1370121 0 0 0 0 0 0 2753924 2301362 377687 74875 72491 59362 10729 2400 368388 331048 31891 5449 203884 171435 26644 5805 11068 10403 665 0 34600 10400 24200 0 235961 211388 1103 23470 0 53306 32941 20365 0 126697 12609 113879 209 40731 6384 34347 102251 95826 6425 80812 53616 26671 525 511716 511716 45716 44676 1040 37791 13099 24692 Provision for Loan Losses 800223 800223 0 0 Phone post print pub 28758 15452 13078 228 Equipment Maintenance 32252 10456 21486 310 Other Expenses 218732 208881 9851 0 5759301 4901277 744753 113271 10763940 5122700 3701494 9601569 120899 259170 142235 156585 0 0 16008663 17596799 1843683 2107998 3940 41610 2532828 688270 1602323 1844558 4924758 5795218 0 0 0 0 39111935 42526207 310741 306003 0 0 3504125 3097848 0 0 0 0 0 0 18050000 19500000 0 0 0 21864866 22903851 X 16106727 18281723 1140342 1340633 17247069 19622356 39111935 42526207 X 2140953 0 0 0 0 234334 X 1 X 1 X 1 1 1 X 3905562 4117886 4884025 4441528 6530133 23879134 0 0 0 0 0 0 0 0 0 0 3905562 4117886 4884025 4441528 6530133 23879134 53198 23825936 1731660 1558398 2923885 1394296 1370121 8978360 32857494 0.72513 0.69997 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 5274 5274 5754027 5759301 437965 109491 0 0 418218 448662 399722 437965 1704567 2556851 19116 14379 9395 5274 48164 104805 112166 99931 109491 426393 639590 0 0 0 0 0 24354 0 3259 0 0 381 27232 29136 0 -4380 0 0 402 24354 24241 0 5292 0 0 397 29136 22812 0 1783 0 0 355 24240 21639 0 1487 0 0 314 22812 1 0 0 1 0 0 250000 250000 0 2178900 593326 1585574 0 0 0 0 0 103928 94944 8984 0 0 0 0 1844558 7900254 0 0 0 0 0 7900254 0 0 0 7900254 5759301 0 0 0 0 0 5759301 0 0 0 5759301 Schedule D, Part V, Line 4 Schedule D, Part V, Line 4 - Created on October2 , 1988, the endowment building program to increase support for the long-term health of Delaware and its charitable organizations. Jeanine Kleimo - Dover Interfaith Board Member 1022070 Real Estate Loan 0 Form 990, Part III, Line 4d Real Estate Development Services: Technical assistance to locally based nonprofit housing corporations on the Delmarva Peninsula for the development and preservation of affordable apartments. Services Include packaging financing applications and assistance throughout the development process. 148 units with several apartment projects are in process. Also, for sale homes were under construction and four were completed and sold In downtown Dover, DE. Foreclosure Prevention Counseling: Counseling and education services assist households experiencing financial hardships or unaffordable mortgages in Delaware to avoid or resolve impending home foreclosure through workshops, individual counseling, loan modifications, and access to federal and state programs. Activity included assisting 246 clients with counseling services and 67 households achieving a positive resolution. Stand by ME: Financial Coaching was provided to over 1,400 households at venues such as public housing, community colleges, and employers' workplaces. Activity included 589 new clients and 2,857 appointments held. Restoring Central Dover: Eighth year of implementation of the Neighborhood Revitalization Plan working with residents and Work Groups on specific projects and strategies for improvement. Various events were held this year with activities for residents to participate in such as a health fair, block parties and public safety efforts. Two 12 week Launcher Entrepreneur classes were held with 28 graduates. Also 97 Kent County residents received Covld-19 related emergency rental assistance and 38 were assisted with mortgage assistance. Form 990, Part VI, Section B, Line 11b The Finance Committee members were provided the form 990 electronically prior to submission date. The Finance Committee met by a virtual meeting and approved the Form 990 for submission to the IRS. The Board of Directors also were provided the form 990 electronically prior to submission. Form 990, Part VI, Section B, Line 12c NeighborGood Partners' conflict of interest policy is encompassed within it's Code of Ethics, Board members and employees of NeighborGood Partners complete a Certificate of Compliance to the Code of Ethics annually. The Certificates require disclosure of any possible violation or affiliations, which would cause a violation of the Code of Ethics. The Executive Director reviews the certificates annually for employees and board and addresses any issues requiring attention. Form 990, Part VI, Section B, Line 15 NeighborGood Partners' Executive Director is the top management official and is considered a key employee. The Executive Committee, made up of the officers of the Board of Directors, which are all considered to be independent, completes an annual review of the Executive Director. The review takes into account the Executive Director's job performance for the previous year and wage comparability data. Decisions and actions taken on the Executive Director's compensation were documented in writing by the Executive Committee. The meeting was held January 10, 2024. The Executive Director reviews way comparability data available from the NeighborWorks America network and other sources in determining the salary plan for employees each year. Annual performance reviews are conducted by supervisors with each employee. Form 990, Part VI, Section C, Line 19 NeighborGood Partners places its annual audit on the website www.neighborgoodpartners.org for the general public. NeighborGood Partners also publishes the State of Financial Position and Statement of Activities from the annual audit in the Annual Report, which is mailed to over 1000 stakeholders and contacts and is also placed on the website. Additionally current audits are mailed or attached electronically to funding requests and proposals. Neighborgood Partners governing documents and conflict of interest policy are made available to the general public upon request. The most recent Audit and all recent Annual Reports are currently on NeighborGood Partners website (neighborgoodpartners.org). Form 990, Part XI, Line 9 Other changes are both realized and unrealized gains and loses on the trading of assets and investments. Hearn Ownership LLC 126 E Main Street Salisbury MD 21801 Economic Development MD 2236194 2236199 NeighborGood Partners Inc Filed for an extention