Neighborhood Concepts, Inc.
Neighborhood Concepts, Inc.
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About this organization
Mission
Neighborhood Concepts strengthens communities through the development of affordable housing and the advancement of economic opportunities in underserved communities and populations.
About
Housing: Neighborhood Concepts, Inc. has an ownership interest in 20 partnerships that collectively own 1,221 units of affordable multifamily housing in Alabama, Georgia, and South Carolina. Expenses are associated with asset management of the existing portfolio, delivery of resident services, development of new affordable housing and preservation of affordable housing. Neighborhood Concepts began construction of 56 unit affordable senior multifamily property in 2019.
Interesting data from their 2020 990 filing
The non-profit's aim, as indicated in the filing, is “Neighborhood concepts strengthens communities through the creation of affordable housing and the promotion of economic opportunities for underserved people and communities.”.
When detailing its duties, they were outlined as: “Neighborhood concepts strengthens communities through the development of affordable housing and by providing access to capital for small businesses and entrepreneurs through its subsidiary community development financial institution (cdfi).”.
- The non-profit has reported their operating state as AL, as required by law.
- As stated in the filing, the non-profit's address in 2020 was 2608 6TH ST NW, HUNTSVILLE, AL, 35805.
- The non-profit's form for the year 2020 reports a total of 7 employees on their payroll.
- Is not a private foundation.
- Expenses are between $500,000 and $1,000,000+.
- Revenue is between $500,000 and $1,000,000+.
- Revenue less expenses is $171,134.
- The organization has 12 independent voting members.
- The organization was formed in 1988.
- The organization pays $328,062 in salary, compensation, and benefits to its employees.
- The organization pays $500 in fundraising expenses.
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