BBB Charity Review


This BBB Accredited Charity meets all 20 Standards for Charity Accountability.
BBB issues Charity Reports on all organizations, whether or not they are BBB accredited. If an organization is a BBB Accredited Charity, it is stated in this report.
Name: Neighborhood Housing Services of Toledo
Phone: (419) 691-2900
Fax: (419) 691-2980
Address: 704 Second St.
Toledo, OH 43605
Website: www.nhstoledo.org
www.loanscamalert.org
Report Issued Date: April 19, 2016
Report Expiration Date: April 19, 2019
Original Business Start Date: May 1977
Principal: Mr. William Farnsel, Executive Director
Customer Contact: Mr. William Farnsel, Executive Director
Customer Contact: Ms. Nancy Dey, Fiscal Manager
Entity: Corporation
Incorporated: May 1977, OH
Type of Business: Charity - Local

Additional DBA Names

NeighborWorks

Stated Purpose

Neighborhood Housing Services of Toledo, Inc. works to restore and revitalize neighborhoods, primarily for the benefit of current and future inhabitants, by providing services and programs which renew pride, stimulate reinvestment and restore confidence and trust.


Evaluation Conclusions

This organization has been evaluated according to the 21 BBB Standards for Charity Accountability. This organization meets all those Standards and is a BBB Accredited Charity.


Programs

Neighborhood Housing Services provides the following programs: Home Buyer's Education, Financial Fitness Training, Foreclosure Prevention, State of Ohio Home Weatherization Assistance Program, Columbia Gas of Ohio "Project Warmhouse", Toledo Edison (First Energy)Community Partners Program, Technical Assistance Program, NHS Energy Services and Affordable Housing.

Total Program Expenses:$3,347,805

Governance

Chief Executive Officer:William Farnsel
CEO Compensation:$92,792
Chair of the Board:Chris Kozak
Board Size:16

Tax Status

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.


Financial

According to Neighborhood Housing Services of Toledo's Form 990 from Guidestar for the year ended August 31, 2014:

Income
 Total Income:$5,701,655
 
Expenses  % of total
Expenses
% of total
Income
 Programs:$3,347,805 74.39%58.72%
 Fund Raising:$4,634 0.10%0.08%
 Administrative:$1,147,916 25.51%20.13%
 Total Expenses:$4,500,355
 
Excess of Income over Expenses$1,201,300
Ending Net Assets:$8,949,386
Total Assets$15,152,543
Total Liabilities$6,203,157

Additional Contact Information

Additional Addresses
522 Crittenden
Toledo, OH  43609

2242 Smead
Toledo, OH  43606

2487 Lawrence
Toledo, OH  43620

PO Box 8125
Toledo, OH  43605


Report as of July 1, 2016 05:55
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