2024-10-29T15:56:27-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 100 MARITIME DRIVE SUITE 2B MANITOWOC WI 54220 990 2023-01-01 391402851 NEIGHBORHOOD HOUSING SERVICES OF GREEN BAY INC NEIG 9204483075 437 S JACKSON STREET GREEN BAY WI 54301 NOEL HALVORSEN PRESIDENT/CEO 9204483075 2024-10-14 1 0 LACEY SILBERNAGEL P01245590 9206845500 2024-10-14 2023 2024-10-15 13:58:12Z NEIGHBORWORKS GREEN BAY NOEL HALVORSEN 437 S JACKSON STREET GREEN BAY WI 54301 5915266 0 X WWW.NWGREENBAY.ORG X 1982 WI NEIGHBORWORKS GREEN BAY SOLVES HOUSING CHALLENGES AND BUILDS STRONGER COMMUNITIES. 12 12 24 294 80531 0 1526539 2388921 2761075 3012744 114827 -90400 3212 2100 4405653 5313365 313352 430099 0 0 1405066 1506278 0 0 223293 3179063 3168651 4897481 5105028 -491828 208337 21152593 20316834 10968988 10798225 10183605 9518609 X NEIGHBORWORKS GREEN BAY SOLVES HOUSING CHALLENGES AND BUILDS STRONGER COMMUNITIES. WE ENVISION OURSELVES AS A SUSTAINABLE, RECOGNIZED LEADER IN COMMUNITY DEVELOPMENT, HOUSING REVITALIZATION, AND INNOVATIVE HOMEOWNERSHIP SOLUTIONS. 0 0 2710206 2671953 REAL ESTATE MANAGEMENT:OBJECTIVES: NEIGHBORWORKS GREEN BAY ADDRESSES THE HOUSING NEEDS OF VERY LOW-INCOME HOUSEHOLDS AND SUPPORTS ITS CHARITABLE MISSION TO LOW-INCOME POPULATIONS THROUGH THE OPERATION OF RENTAL HOUSING. THE ORGANIZATION OWNED AND OPERATED 251 UNITS OF RENTAL HOUSING AT THE END OF 2023. MANY UNITS WERE RENOVATED USING FEDERAL GRANTS (INCLUDING HOME, CDBG, AND NSP) OR THROUGH THE LOW-INCOME HOUSING TAX CREDIT (92 OF THESE SUBSIDIZED UNITS HAVE ACTIVE RESTRICTIONS REQUIRING OCCUPANCY BY LOW-INCOME HOUSEHOLDS). 151 UNITS ARE COVERED BY A HOUSING CHOICE VOUCHER (SECTION 8) PROJECT-BASED CONTRACT FOR OCCUPANCY BY HOUSEHOLDS WITH INCOMES AT OR BELOW 50% OF AREA MEDIAN INCOME (AMI).ACHIEVEMENTS: IN 2023 WE DID NOT PLACE ANY NEW RENTAL UNITS INTO SERVICE BUT DID INVEST $399,401 OF THEIR OWN FUNDS BACK INTO OUR OWNED RESIDENTIAL RENTAL PROPERTIES TO IMPROVE BUILDING SYSTEMS AND MAKE SIGNIFICANT INTERIOR IMPROVEMENTS TO RESIDENTIAL UNITS. IN ADDITION TO THE IMPROVEMENTS NOTED ABOVE, WE TOOK A DUPLEX OFFLINE AT 420 S VAN BUREN WITH THE INTENT TO FULLY RENOVATE THE PROPERTY. THE RENOVATION WAS COMPLETED IN 2023 AND COST $175,782. THE PROJECT WAS COMPLETED WITH ASSISTANCE FROM THE BRIDGES STUDENTS MENTIONED WITH THE REAL ESTATE DEVELOPMENT ACCOMPLISHMENTS BELOW. VOLUNTEERS: TEN VOLUNTEERS FORM AN ASSET MANAGEMENT TEAM THAT EXAMINES THIS LINE OF BUSINESS AND DEVELOPS PLANS AND POLICIES. IN 2023, THESE VOLUNTEERS (DRAWN FROM AMONG NEIGHBORHOOD RESIDENTS AND LOCAL BUSINESS PEOPLE PROVIDED APPROXIMATELY 117 HOURS OF SERVICE. 946299 430099 206195 COUNSELING & LENDINGOBJECTIVES: NEIGHBORWORKS GREEN BAY IS A HUD-CERTIFIED HOUSING COUNSELING AGENCY AND ADOPTER OF THE NATIONAL INDUSTRY STANDARDS FOR HOMEBUYER EDUCATION AND COUNSELING. WE PROVIDE COMPREHENSIVE PRE- AND POST-PURCHASE EDUCATION AND COUNSELING, FORECLOSURE MITIGATION COUNSELING, HOME EQUITY CONVERSION MORTGAGE (HECM) COUNSELING, AND FINANCIAL CAPABILITIES TRAINING AND COUNSELING. WE ASSIST HOMEBUYERS BY PROVIDING NO-INTEREST, DEFERRED PAYMENT SECOND MORTGAGE LOANS.ACHIEVEMENTS: IN 2023, WE SERVED 540 CLIENTS WITH EDUCATION AND COUNSELING SERVICES. 315 PROSPECTIVE BUYERS COMPLETED OUR HOMEBUYER EDUCATION CLASSES EITHER AT ONE OF OUR 14 IN-PERSON CLASSES OR ONLINE. 225 CLIENTS RECEIVED ONE-ON-ONE PRE-PURCHASE COUNSELING. 118 CLIENTS PURCHASED HOMES. 87 CLIENTS RECEIVED POST-PURCHASE COUNSELING (FORECLOSURE AND HECM). ALSO, WE BEGAN ADMINISTRATING A HOME IMPROVEMENT LOAN PROGRAM FOR LOW-INCOME HOMEOWNERS IN THE CITY OF GREEN BAY TO COMPLETE NEEDED REPAIRS AND FUNDED 14 OF THESE LOANS FOR A TOTAL OF $448,895 IN HOME REPAIRS. IN TOTAL, WE FACILITATED $26,399,939 OF COMMUNITY INVESTMENT THROUGH OUR CLIENTS' PURCHASES OF HOMES.VOLUNTEERS: TEN VOLUNTEERS FORM A COUNSELING AND LENDING COMMITTEE THAT EXAMINES THIS LINE OF BUSINESS AND DEVELOPS PLANS AND POLICIES. IN 2023, THESE VOLUNTEERS (DRAWN FROM AMONG NEIGHBORHOOD RESIDENTS AND LOCAL BUSINESS PEOPLE) PROVIDED APPROXIMATELY 76 HOURS OF SERVICE. 381890 54065 REAL ESTATE DEVELOPMENT:OBJECTIVES: NEIGHBORWORKS GREEN BAY ACQUIRES AND RENOVATES OR BUILDS HOMES FOR OWNER-OCCUPANCY IN GREEN BAY. WE DE-CONVERT MULTIFAMILY DWELLINGS BACK TO SINGLE FAMILY HOMES AND STIMULATE REINVESTMENT BY OTHERS WITH OUR NEW CONSTRUCTION PROJECTS. WE LOWER OVERALL NEIGHBORHOOD DENSITY, ELIMINATE BLIGHT, AND INCREASE ECONOMIC DIVERSITY. OUR PROJECTS COUNTER DECADES OF DISINVESTMENT AND EXTEND THE LIVES OF STRUCTURALLY SOUND HOMES. OUR WORK LOWERS ENERGY CONSUMPTION AND MAINTENANCE COSTS FOR RESIDENTS.ACHIEVEMENTS:NEIGHBORWORKS GREEN BAY SOLD TWO HOMES IN 2023 AND COMPLETED RENOVATION OF A TWO-UNIT APARTMENT. A SINGLE-FAMILY HOME WAS CONSTRUCTED AND SOLD TO OWNER OCCUPANTS USING FUNDING FROM THE ADOPT-A-HOME PROGRAM AT 421 4TH STREET AND ANOTHER SINGLE-FAMILY HOME WAS CONSTRUCTED AND SOLD TO A LOW-INCOME FAMILY (BELOW 80% AMI) USING HOME FUNDS AT 1208 DOTY STREET. THE TWO UNIT APARTMENT RENOVATION WAS COMPLETED AND RENTED IN 2023. IN 2023, THE ORGANIZATION BEGAN NEW CONSTRUCTION OF TWO SINGLE FAMILY PROJECTS USING A MIXTURE OF THEIR OWN FUNDS AND DONOR FUNDS. ALL IN PROGRESS PROJECTS ARE TO BE COMPLETED IN 2024 AND SOLD TO OWNER-OCCUPANTS. CONSTRUCTION OF THE SINGLE-FAMILY HOMES WILL BE COMPLETED IN PART BY STUDENTS PARTICIPATING IN THE BRIDGES PROGRAM, WHICH IS A PROGRAM RUN BY GREEN BAY AREA PUBLIC SCHOOLS WHERE STUDENTS PARTICIPATE IN ALL ASPECTS OF CONSTRUCTING A NEW HOME, LEARN SKILLS FOR TRADES AND EARN CREDIT FOR EDUCATION IN TRADES BEYOND HIGH SCHOOL. IN 2023, IN PARTNERSHIP WITH A TEN COUNTY CONSORTIUM, WE CONTINUED TO PROVIDE HOUSING QUALITY STANDARDS INSPECTIONS, HOME REPAIR SCOPE-WRITING, CONSTRUCTION PROJECT OVERSIGHT, AND ADDED LEAD TESTING, FOR AN OWNER-OCCUPIED HOME REHABILITATION LOAN PROGRAM ADMINISTERED BY BROWN COUNTY. THE PROGRAM INVESTED $837,318 IN HOME REPAIRS LOANS FOR QUALIFIED HOMEOWNERS IN 2023. 358858 COMMUNITY BUILDING AND ENGAGEMENT:OBJECTIVES: NEIGHBORWORKS WORKS TO DEVELOP AND ENHANCE NEW AND EXISTING NEIGHBORHOOD ASSOCIATIONS THROUGHOUT NORTHEASTERN WISCONSIN THROUGH THE NEIGHBORHOOD PARTNERS PROGRAM BY ENGAGING NEIGHBORHOOD LEADERS TO FOSTER SOCIAL REVITALIZATION IN NEIGHBORHOODS. ACTIVITIES ALSO INCLUDE COLLABORATING WITH AND PROVIDING ADMINISTRATIVE SERVICES TO GREEN BAY NEIGHBORHOOD LEADERSHIP COUNCIL, LEADING COMMUNITY EVENTS AND VOLUNTEER DRIVEN ACTIVITIES SUCH AS GOOD NEIGHBOR WEEK, AND COLLABORATING WITH OTHER NONPROFIT ENTITIES ON RESIDENT LEADERSHIP, BEAUTIFICATION PROJECTS AND LOCAL HOUSING NEEDS.ACHIEVEMENTS: NEIGHBORWORKS GREEN BAY COORDINATED NEIGHBORWORKS WEEK AND GOOD NEIGHBOR WEEK IN 2023 WHICH COMPLETED HOME REPAIR AND MAINTENANCE TASKS FOR ELDERLY, DISABLED OR LOW-INCOME HOMEOWNERS. VOLUNTEERS CONTRIBUTED 657 HOURS TO THIS EFFORT AND 17 PROPERTIES (33 UNITS) WERE REPAIRED OR RENOVATED IN 2023. OUR NEIGHBORHOOD SUPPORT TEAM SUPPORTED NORTHEAST WISCONSIN NEIGHBORHOOD ASSOCIATIONS THROUGHOUT 2023 WITH THE FOLLOWING SUCCESSES: SEVERAL FRONT PORCH MUSIC FESTIVALS WERE HELD IN APPLETON AND MENASHA NEIGHBORHOODS, 52 MINI-GRANTS WERE AWARDED TO RESIDENT LED NEIGHBORHOOD ASSOCIATIONS FOR VARIOUS COMMUNITY PROJECTS, COURSES WERE RUN BY SEVERAL ASSOCIATIONS TO EDUCATE OLDER ADULTS ON THE USE OF COMMUNICATION TECHNOLOGIES TO HELP WITH SOCIAL INTERACTION AND SUPPORT, AND MUCH MORE. IN TOTAL 34 NEIGHBORHOOD ASSOCIATIONS AND 8 COMMUNITY-WIDE PROGRAMS WERE SUPPORTED IN FOUR COUNTIES THROUGHOUT GREEN BAY AND THE FOX VALLEY REGIONVOLUNTEERS: SEVEN VOLUNTEERS FORM THE NEWLY CREATED EVENTS AND CULTURE COMMITTEE WAS FORMED THAT SUPPORTS THE PLANNING AND ADMINISTRATION OF THE ORGANIZATION'S MANY PUBLIC AND OR VOLUNTEER EVENTS. IN 2023, THESE VOLUNTEERS (DRAWN FROM AMONG NEIGHBORHOOD RESIDENTS AND LOCAL BUSINESS PEOPLE) PROVIDED APPROXIMATELY 49 HOURS OF SERVICE. 358858 4397253 1 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 24 0 24 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X ALEX MUELLER 9204483075 437 S JACKSON STREET GREEN BAY WI 54301 CHRISTOPHER BOLAND CHAIRPERSON OF THE BOARD 2.00 X X 0 0 0 EMILY JACOBSON VICE-CHAIRPERSON 1.00 X X 0 0 0 RASHAD COBB PAST PRESIDENT 1.00 X X 0 0 0 COLLIN MARSHALL TREASURER 1.00 X X 0 0 0 GAIL ENKE SECRETARY 1.00 X X 0 0 0 ERIC ERDMAN BOARD MEMBER & COMPLIANCE OFFICER 1.00 X 0 0 0 VALERIE GEORGE BOARD MEMBER 1.00 X 0 0 0 MATT BUCHANAN BOARD MEMBER 1.00 X 0 0 0 TANYA WESTMORELAND BOARD MEMBER 1.00 X 0 0 0 RACHEL MAES BOARD MEMBER 1.00 X 0 0 0 HARRY CLIFFORD BOARD MEMBER 1.00 X 0 0 0 ED BLANEY BOARD MEMBER 1.00 X 0 0 0 NOEL HOLVORSEN PRESIDENT/CHIEF EXECUTIVE OFFICER 40.00 X 146368 0 7600 ALEX MUELLER CHIEF FINANCIAL OFFICER 24.00 X 75530 0 3857 221898 0 11457 1 0 1 0 ADAM KOCH DBA KOCH RENOVATIONS 5725 DUAME ROAD LENA WI 54139 RENOVATION CONTRACTOR 127900 ANDREW OVEREEM DBA AIM ROOFING 3671 HALLERS CREEK ROAD SUAMICO WI 54313 ROOFING CONTRACTOR 114167 HURCKMAN MECHANICAL INDUSTRIES INC 1450 VELP AVENUE GREEN BAY WI 54303 HVAC CONTRACTOR 111805 3 1095387 1293534 39027 2388921 RENTAL INCOME 531110 2752484 2671953 80531 PROGRAM AND FEE INCOME 611710 140345 140345 HBE & LENDING FEE INCOME 611710 65850 65850 INSPECTION AND LEAD TESTING 611710 54065 54065 3012744 11501 11501 500000 601901 -101901 -101901 -101901 MISCELLANEOUS INCOME 900099 2100 2100 2100 5313365 2932213 80531 -88300 430099 430099 233356 71402 144223 17731 968288 684636 163214 120438 43277 32408 5875 4994 167353 128025 27768 11560 94004 58930 23962 11112 357618 357618 6180 6180 48922 30285 13614 5023 70562 53822 7986 8754 57912 40976 4374 12562 50625 35067 11696 3862 57368 36351 12407 8610 1226739 1206998 14376 5365 6565 5155 815 595 31474 22867 5378 3229 285942 285942 831266 799289 24072 7905 108906 99841 7512 1553 BAD DEBT 17210 17210 LEAD TESTING 6155 6155 RETURN TO FUNDING AGENC 5207 5207 5105028 4397253 484482 223293 X 987273 1316072 534945 462051 253581 498262 67411 139324 13907 26966 24936646 9763678 16379993 15172968 2915483 2701191 21152593 20316834 227284 144036 113914 154379 126531 141712 10501259 10358098 10968988 10798225 X 7985101 6666435 2198504 2852174 10183605 9518609 21152593 20316834 X 208337 -873333 X 0 1 X 1 1 1 X 1522224 1626172 1518161 1425851 2388921 8481329 1522224 1626172 1518161 1425851 2388921 8481329 288973 8192356 1483 607 78223 80907 11501 172721 22218 25282 47500 171661 20647 24527 3213 2100 222148 8923698 12809017 0.91800 0.92670 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2019 AMOUNT: $ 171,661. 2020 AMOUNT: $ 20,647. 2021 AMOUNT: $ 24,527. 2022 AMOUNT: $ 3,213. 2023 AMOUNT: $ 2,100. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 2485111 2485111 22201567 9621105 12580462 249968 142573 107395 15172968 LOAN RECEIVABLE 2701191 C 2701191 PART IV, LINE 2B: THE AMOUNT REFLECTED ON PAGE 11, PART X, LINE 21 IS THE AMOUNT OF TENANT SECURITY DEPOSITS. 1 HOME IMPROVEMENT LOANS 13 350099 DOWNPAYMENT AND CLOSING COST ASSISTANCE 14 80000 PART I, LINE 2: THE ORGANIZATION ADHERES TO THE AGREEMENT FOR EACH GRANT SOURCE. INTERNAL FORMS AND PROCEDURES HAVE BEEN SET UP TO ASSURE THAT THE INITIAL GRANT ASSISTANCE TO INDIVIDUALS IS PROPER, AND ANNUALLY VERIFIES THE INDIVIDUAL'S CONTINUED COMPLIANCE WITH THE REQUIREMENTS OF THE PROGRAM. IN ADDITION TO THE ORGANIZATION'S ANNUAL INDEPENDENT AUDIT, IT IS ALSO SUBJECT TO MONITORING BY LOCAL, STATE AND FEDERAL GRANTORS TO ENSURE COMPLIANCE. X X X 0 0 0 0 0 0 0 0 0 NOEL HOLVORSEN PRESIDENT/CHIEF EXECUTIVE OFFICER 146368 0 0 0 0 0 7600 0 0 0 153968 0 0 0 PART I, LINE 3 CHIEF EXECUTIVE OFFICER COMPENSATION IS REVIEWED AND DETERMINED BY THE BOARD'S EXECUTIVE COMMITTEE USING COMPARABILITY DATA FROM OTHER NEIGHBORWORKS AMERICA ORGANIZATIONS AND COMPARATIVE DATA FROM LOCAL AND REGIONAL GROUPS. X 1 17600 COMPARED TO MARKET PRICE X BUILDING IMPROVEMENTS, MATERIALS AND LABOR 1 18262 FMV X SUPPLIES 1 3165 FMV 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 6 RESIDENTS AND BUSINESS OWNERS OPERATING WITHIN OUR LENDING AREA ARE ELGIBLE MEMBERS OF THE CORPORATION. MEMBERS ELECT THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7A ELECTIONS FOR DIRECTORS ARE HELD AT ANNUAL MEETING OF THE CORPORATION WHERE MEMBERS OF THE CORPORATION NOMINATE AND VOTE FOR THE DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B ELECTIONS FOR DIRECTORS ARE HELD AT ANNUAL MEETING OF THE CORPORATION WHERE MEMBERS OF THE CORPORATION NOMINATE AND VOTE FOR THE DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS EMAILED TO THE CFO OF NEIGHBORWORKS GREEN BAY PRIOR TO BEING FILED. THE CFO REVIEWS THE 990 AND SENDS THE 990 TO THE APPROPRIATE BOARD AND COMMITTEE MEMBERS FOR REVIEW AND COMMENTS. UPON ACCEPTANCE BY THE BOARD, THE 990 IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE COMPANY HAS A BOARD DESIGNATED COMPLIANCE OFFICER IN PLACE TO REVIEW AND MONITOR POLICIES. FORM 990, PART VI, SECTION B, LINE 15 CHIEF EXECUTIVE OFFICER COMPENSATION IS REVIEWED AND DETERMINED BY THE BOARD'S EXECUTIVE COMMITTEE USING COMPARABILITY DATA FROM OTHER NEIGHBORWORKS AMERICA ORGANIZATIONS AND COMPARATIVE DATA FROM LOCAL AND REGIONAL GROUPS. COMPENSATION FOR ALL EMPLOYEES (INCLUDING KEY EMPLOYEES) IS REVIEWED AND DETERMINED BY THE CHIEF EXECUTIVE OFFICER USING COMPARABILITY DATA FROM OTHER NEIGHBORWORKS AMERICA ORGANIZATIONS AND COMPARATIVE DATA FROM LOCAL AND REGIONAL GROUPS. OVERALL SALARY EXPECTATIONS ARE BOUND BY THE ANNUAL BUDGET APPROVED BY THE BOARD OF DIRECTORS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND ARE ALSO INCLUDED IN OUR ANNUAL REPORT WHICH IS AVAILABLE ON OUR WEBSITE. FORM 990, PART XI, LINE 9: IMPAIRMENT LOSS - 815 CHICAGO BUILDING & EQUIPMENT -873,333. WORKFORCE HOUSING LENDING CORPORATION 222 N 3RD AVE STURGEON BAY WI 54235 874624665 INCREASE AVAILABILITY OF AFFORDABLE WORKFORCE HOUSING WI 501(C)(3) LINE 12A, I NEIGHBORHOOD HOUSING SERVICES OF GREEN BAY INC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0