2026-08-13T08:18:00-05:00 2025-09-30 510229493 BARBACANE THORNTON & COMAPNY LLP 503 CARR ROAD SUITE 100 WILMINGTON DE 19809 990 2024-10-01 526054476 NEIGHBORGOOD PARTNERS NEIG 3026789400 363 SAULSBURY ROAD DOVER DE 199042722 KAREN SPEAKMAN EXECUTIVE DIRECTOR 3026789400 2026-08-13 0 JOSEPH V MANFRE P01982332 3024788940 2024 2025-03-06 01:10:19Z KAREN SPEAKMAN 363 SAULSBURY ROAD DOVER DE 199042722 11560001 0 X WWW.NEIGHBORGOODPARTNERS.ORG X 1955 DE TO STRENGTHEN COMMUNITIES THROUGH HOUSING, LENDING AND EDUCATION FOR LOW TO MODERATE INCOME HOUSEHOLDS. 15 15 51 47 18123 0 9014284 9358307 1398173 1738434 423508 425338 1573 25920 10837538 11547999 0 9000 0 0 3586512 3841295 0 0 118231 2483314 2667278 6069826 6517573 4767712 5030426 47085570 54149635 21060314 22153011 26025256 31996624 X TO STRENGTHEN COMMUNITIES THROUGH HOUSING, LENDING, AND EDUCATION. 0 0 2148412 141948 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 INCLUDED 20 NEW LOANS, TOTALING $14.2 MILLION WITH 63 LOANS BEING SERVICED OVERALL. 763566 81271 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 12 SELF-HELP HOUSING GRANTEES AND 35 HOUSES WERE BUILT. 607218 1098 RESTORING CENTRAL DOVER: RESTORING CENTRAL DOVER IS A COMPREHENSIVE NEIGHBORHOOD REVITALIZATION PLAN THAT IS LED BY NEIGHBORGOOD PARTNERS AND A STEERING COMMITTEE AND BASED FROM RESIDENT INPUT AND PRIORITIES THAT HAVE BEEN DERIVED FROM A COMMUNITY SURVEY, MEETINGS, EVENTS, ACTIVITIES, AND COMMUNITY OUTREACH. THE WORK INVOLVES ADDRESSING ISSUES AROUND THE AREAS OF HOUSING, SAFETY, ECONOMIC DEVELOPMENT, AND COMMUNITY ENGAGEMENT. 2038702 9000 195926 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. 164 UNITS WITH SEVERAL APARTMENT PROJECTS ARE IN PROCESS. OPENED THE NEIGHBORGOOD CENTER IN DOVER, DE. ALSO, 7 FOR SALE HOMES WERE UNDER CONSTRUCTION AND 3 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 201 CLIENTS WITH COUNSELING SERVICES AND 80 HOUSEHOLDS ACHIEVING POSITIVE RESOLUTION. STAND BY ME: FINANCIAL COACHING WAS PROVIDED TO 1,1358 HOUSEHOLDS AT VENUES SUCH AS PUBLIC HOUSING, COMMUNITY COLLEGES, AND EMPLOYERS' WORKPLACES. ACTIVITY INCLUDED 487 NEW CLIENTS AND 1,981 APPOINTMENTS HELD. RESTORING CENTRAL DOVER; NINTH 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 HEALTH FAIR, BLOCK PARTIES AND PUBLIC SAFETY EFFORTS. OUR 12 WEEK LAUNCHER ENTEPRENEUR CLASSES HAD 28 GRADUATES. 2038702 9000 195926 5557898 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 17 0 51 1 0 0 0 0 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 J RANDALL KUNKLE PRESIDENT 1.00 X X 0 0 0 JOHN G MOORE VICE PRESIDENT 1.00 X X 0 0 0 ANTHONY DEPRIMA TREASURER 1.00 X X 0 0 0 TRACEY HARVEY SECRETARY 1.00 X X 0 0 0 KIM ADAMS BOARD MEMBER 1.00 X 0 0 0 PEGGY M GEISLER BOARD MEMBER 1.00 X 0 0 0 C DENISE HICKS BOARD MEMBER 1.00 X 0 0 0 JANAID KAREEM BOARD MEMBER 1.00 X 0 0 0 DANIEL S KUENNEN BOARD MEMBER 1.00 X 0 0 0 JAYCE R LESNIEWSKI BOARD MEMBER 1.00 X 0 0 0 CARLA MANNINGS BOARD MEMBER 1.00 X 0 0 0 NICHOLE PIPER BOARD MEMBER 1.00 X 0 0 0 SARAH RHINE BOARD MEMBER 1.00 X 0 0 0 CHRISTELLA ST JUSTE BOARD MEMBER 1.00 X 0 0 0 AMY WALLS BOARD MEMBER 1.00 X 0 0 0 KAREN SPEAKMAN EXECUTIVE DIRECTOR 40.00 X 165039 0 13449 165039 0 13449 1 0 1 0 0 3191785 6166522 9358307 LOAN FUND INTEREST INCOME 624229 1318191 1318191 FEE INCOME 624190 420243 420243 1738434 425338 425338 19799 12002 7797 7797 ALL OTHER REVENUE 624229 18123 18123 18123 11547999 2163772 18123 7797 9000 9000 192183 164178 22818 5187 2925112 2483528 358667 82917 74620 65144 7076 2400 428456 382489 39493 6474 220924 186202 28023 6699 11708 11708 35000 3000 32000 359957 297711 49048 13198 35465 26748 8717 15839 4742 11097 140400 13378 127022 53130 40617 12513 107524 106921 588 15 112605 78231 33816 558 737488 736696 792 88550 88550 41264 12288 28976 PROVISION FOR LOAN/OREO 650000 650000 EQUIPMENT AND MAINTENAN 81733 48482 33251 SPECIAL PROJECTS 76989 76639 350 JANITORIAL SERVICES AND 23694 11477 12217 95932 60169 34980 783 6517573 5557898 841444 118231 618344 550814 8238605 6225766 352451 0 272622 300656 20719414 24925777 2397490 2064602 18030 7862 8158280 822126 7043589 7336154 7425025 12738004 47085570 54149635 464484 420262 1095830 732749 19500000 21000000 21060314 22153011 X 24959880 30903628 1065376 1092996 26025256 31996624 47085570 54149635 5030426 940942 0 X 0 1 X 1 1 1 X 4884025 4441528 6530133 8983264 9358307 34197257 4884025 4441528 6530133 8983264 9358307 34197257 34197257 2923885 1394296 1370121 1854274 2201694 9744270 43941527 0.77820 0.75570 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6898 6898 6522706 6529604 476480 119120 0 0 399722 437965 453491 476480 1767658 2651487 9395 5274 12176 6898 33743 99931 109491 109491 119120 438033 657050 32860 4013 445 36428 27232 6043 415 32860 24354 3259 381 27232 29136 -4380 402 24354 24241 5292 397 29136 0 0 3663829 3663829 3659326 730261 2929065 103928 91865 12063 731197 731197 7336154 11560001 12002 12002 11547999 0 11547999 6529575 12002 12002 6517573 0 6517573 PART XI, LINE 2D - OTHER ADJUSTMENTS: RAISE THE ROOF EVENT PART XII, LINE 2D - OTHER ADJUSTMENTS: RAISE THE ROOF EVENT X X X X X RAISE THE ROOF 19799 19799 2635 4438 2360 2569 19799 19799 2635 4438 2360 2569 12002 7797 0 0 0 0 0 0 0 0 0 KAREN SPEAKMAN EXECUTIVE DIRECTOR 165039 0 0 0 0 0 13449 0 0 0 178488 0 0 0 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 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 IN 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 AND 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 DIRECTORS 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 WAGE COMPARABILITY DATA AVAILABLE FROM 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 REPORTS THE TOTAL REVENUE AND EXPENSES IN THE IMPACT REPORT WHICH IS MAILED TO OVER 1,000 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 MOST RECENT ANNUAL REPORT ARE CURRENTLY ON NEIGHBORGOOD PARTNERS WEBSITE (NEIGHBORGOODPARTNERS.ORG) HEARN OWNERSHIP LLC 111 BAPTIST ST SUITE SALISBURY MD 21801 ECONOMIC DEVELOPMENT MD 2333679 NEIGHBORGOOD PARTNERS INC NEIGHBORGOOD SOCIAL ENTERPRISE 363 SAULSBURY RD DOVER DE 19904 THE SCOOP ON LOCKERMAN ICE CREAM DE 13099 0 1 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0