Nhs Lending INC EIN 82-0532242 Form 990 (PDF) Claim this org

Nhs Lending INC

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Builds innovative housing for underserved people through partnerships. For fiscal year 2024 it reported $268K in revenue, $502K in expenses, and $4.4M in net assets.Pt I

Type
Supporting organization · Housing
Location
Boise, ID
Website
www.nhsid.org
Filings
5 on file (2020–2024)
Revenue
$268KFY2024
Expenses
$502K
Net assets
$4.4M
People
9
Filings
5
Updates
0
More identity details & actions ⌄
EIN  82-0532242 Supporting organization Boise, ID
Form 990 (PDF)
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Size
$100K–1M
What they do
Builds innovative housing for underserved people through partnerships.
Leadership
Rabiou Manzo · Board President
Money in and out
$268K revenue, $502K expenses
Bottom line
-87% net inflow
Money in and out · FY2024
Total revenue
$268K
Pt VIII · Ln 12
Total expenses
$502K
Pt IX · Ln 25
Net assets
$4.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$234K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.12 Fundraising $0.08
Net inflow
-87%
revenue over expenses, this year▼ -17% vs prior filing year
Pass-through gifts
42%
of revenue from contributions▼ -8% vs prior filing year
Program spending
80%
of expenses reach stated programs▲ +3% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$268K
FY2024▼ -19%
Expenses
$502K
FY2024▼ -13%
Total assets
$4.8M
FY2024▲ +5%
Total liabilities
$427K
FY2024▲ +4%
Total revenue
$268K
Pt VIII · Ln 12
Total expenses
$502K
Pt IX · Ln 25
Net assets
$4.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$234K
Total assetsPt X · Ln 16$4.8M
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $402K of program spending, described in the organization's own filed words · FY2024.
01

Creating homeownership opportunities as a non-profit mortgage lender. NHS lending helps individuals begin building assets for their future through sustainable homeownership. It provides second mortgage loans in tandem with our partner lenders' first mortgages. As a cdfi, NHS lending can also deploy first mortgages.

$402Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNhs Lending INC
EINHdr · item D82-0532242
Principal addressHdr · item CBoise, ID
WebsiteHdr · item Jwww.nhsid.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MID
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L82)
Ruling yearIRS BMFMay 2003

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board President
$0Pt VII · Sec A
Board Vice President
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$141K · 53%
Contributions & grants$112K · 42%
Investment income$15K · 5%
Program service revenue53%$141K
Contributions & grants42%$112K
Investment income5%$15K
— government grantsLn 1e$37K
Total revenueLn 12$268K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.12 Fundraising $0.08
Program services80%$402K
Management & general12%$60K
Fundraising8%$40K
Total functional expensesLn 25$502K

Balance Sheet

Part X · end of year
CashLn 1$1.8M
Total assetsLn 16$4.8M
Total liabilitiesLn 26$427K
Total net assetsLn 32$4.4M
Months of cash on handcomputed43.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.8M · Operating expenses/yr $502K
43.1 months
Where the money goes
Program services
Program services $402K · Total expenses $502K
80%
Management & General
Management & general $60K · Total expenses $502K
12%
Fundraising
Fundraising $40K · Total expenses $502K
8%
Cost to raise $1
Fundraising expense (3-yr avg) $42K · Solicited contributions (3-yr avg) $127K
$0.33 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $112K · Total revenue $268K
42%
Government reliance
Government grants $37K · Total revenue $268K
14%
Earned-income share
Program service revenue $141K · Total revenue $268K
53%
Investment reliance
Investment income $15K · Total revenue $268K
+5%
Program self-sufficiency
Program service revenue $141K · Total expenses $502K
28%
Growth & trend
Revenue growth (YoY)
This year $268K · Prior year $329K
-19%
Revenue CAGR
FY2020 $866K · FY2024 $268K
-25%
Net-asset trend (YoY)
End of year $4.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $268K · Expenses $502K
-87%
Liabilities-to-Assets
Total liabilities — · Total assets $4.8M
Net-asset ratio
Net assets $4.4M · Total assets $4.8M
91%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $4.8M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Rabiou Manzo · Reported title BOARD PRESIDENT · Highest reported compensation $0 · Total expenses $502K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $222K · Total expenses $502K
44%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 12%
Fundraising cost ratio 36%
Revenue growth -19%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$268K revenue · viewing · ⤓ 990 PDF
FY2023$329K revenue · ⤓ 990 PDF
FY2022$350K revenue · ⤓ 990 PDF
FY2021$1.5M revenue · ⤓ 990 PDF
FY2020$866K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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