Nonprofit · EIN 35-1768550
NEIGHBORS CORPORATION
Tax-exempt · VALPARAISO, IN 46383
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,115,102 | $752,804 | $362,298 | $3,841,653 | $1,780,766 | $2,060,887 |
| December 31, 2023 | 990 | $517,867 | $542,637 | -$24,770 | $3,290,702 | $1,623,263 | $1,667,439 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $476,839
- Program service revenue
- $638,116
- Investment income
- $147
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $129,322
- Salaries, compensation and benefits (total)
- $179,938
- Professional fundraising fees
- $0
- Occupancy
- $2,857
- Depreciation
- $48,474
- Program services (functional)
- $539,097
- Management and general (functional)
- $213,707
Balance sheet and other
- Total assets, start of year
- $3,290,702
- Total assets, end of year
- $3,841,653
- Total liabilities, end of year
- $1,780,766
- Net assets, end of year
- $2,060,887
- Land, buildings and equipment
- $3,148,364
- Net assets without donor restrictions
- $2,060,887
- Gross receipts
- $1,115,102
- Employees
- 5
- Volunteers
- 110
- Year formed
- 2023
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL SCHREINER | EXECUTIVE DIRECTOR Key employee | 20 | $30,833 |
| RICHARD SEVERE | PRESIDENT Officer | 3 | $0 |
| PATRICIA TERRELL | VICE PRESIDENT Officer | 3 | $0 |
| MATT PUFFER | TREASURER Officer | 3 | $0 |
| KEN LUTHER | SECRETARY Officer | 3 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tina Allen-Abulhassan | Board Member | – | $0 |
| Larry Baas | Board Member | – | $0 |
| Ivan Bodensteiner | President | – | $0 |
| Jan Jones | Board Member | – | $0 |
| Rujaiyat Lawal | Board Member | – | $0 |
| Marjorie Leoschke | Board Member | – | $0 |
| Jeffrey Lewis | Board Member | – | $0 |
| Ken Luther | Board Member | – | $0 |
| Byron Martin | Board Member | – | $0 |
| Matt Puffer | Board Member | – | $0 |
| Lois Reiner | Board Member | – | $0 |
| Rebecca Reiner | Board Member | – | $0 |
| Ed Senne | Board Member | – | $0 |
| Richard Severe | Vice President | – | $0 |
| George Terrell | Board Member | – | $0 |
| Willow Walsh | Board Member | – | $0 |
| Jamal Watkins | Board Member | – | $0 |
| Liz Wuerffel | Vice President | – | $0 |
| Pat Terrell | Secretary/Treasurer | – | $0 |
Address and contacts
- Address (IRS master file)
- 454 S COLLEGE AVE, VALPARAISO, IN 46383-6730
- In care of
- % RICHARD SEVERE
- Signed the 990
- RICHARD SEVERE, PRESIDENT
- Phone
- (219) 465-3131
- Return prepared by
- The Minerva Group
Mission
The mission of Project Neighbors is to strengthen the Valparaiso community by addressing issues of race, class, and poverty. We strive to create healthy families and neighborhoods where diversity of all kinds is welcomed and cherished.
Program accomplishments
- Provide housing to indigent families with children and low income individuals.Expenses $444,897 · revenue $612,995
- The Freedom Recovery Fund (FRF) has been established to explicitly focus on the building of Black wealth and to closing the growing gap. This continued disparity caused Project Neighbors to re-commit to address racial equity issues and policies through deliberate activities and partnerships around housing, education, and justice systems in Valparaiso. The Freedom Recovery Fund (FRF) has been established to explicitly focus on the building of Black wealth and to closing the growing gap. Personal Incentive Accounts, Emergency grants, Young Entrepreneur grants, and Merit scholarships.Expenses $61,535
- Providing cultural and local community radio programmingExpenses $32,665 · grants $17,500 · revenue $25,121
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 35-1768550
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1989
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,841,653
- Income (IRS master file)
- $1,115,102
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,115,102 | $752,804 | $3,841,653 | XML |
| 990 | December 2023 | $517,867 | $542,637 | $3,290,702 | XML |
| 990 | December 2022 | $560,677 | $449,813 | $3,243,889 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-1768550).
Questions about NEIGHBORS CORPORATION
- What is the EIN of NEIGHBORS CORPORATION?
- The employer identification number (EIN) of NEIGHBORS CORPORATION is 35-1768550.
- Is NEIGHBORS CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to NEIGHBORS CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEIGHBORS CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEIGHBORS CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEIGHBORS CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of NEIGHBORS CORPORATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $30,833 (PAUL SCHREINER, EXECUTIVE DIRECTOR).
- How much revenue does NEIGHBORS CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,115,102, expenses of $752,804 and total assets of $3,841,653 at year end.
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