Neighborgood Partners Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
Strengthen Communities through Housing, Lending and Education
- Income
- $10.8 million
- Spending
- $6.1 million
- Spent on programs
- 86%
- Reserves
- 35.4 months of spending
- Largest source of income
- government grants, 57%
- Employees
- 51
- Volunteers
- 35
- Highest pay
- $126,428, executive director
Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Strong: 90 out of 100. Higher than 87% of charities in its peer group (food and agriculture, $10m to $100m).
Reserves
35 of 35Spendable reserves would cover 35.4 months of spending.
Debt
10 of 20It owes 45% of what it owns.
Living within its means
15 of 15Income exceeded spending by 44% of income.
Income trend
15 of 15Income rose 37% on the year before.
Spending floor
15 of 1586% of spending went to programs and raising each dollar of donations cost 1 cents.
Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 30% of charities in its peer group (food and agriculture, $10m to $100m).
Independent board
25 of 2515 of 15 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (5)
- $2.0 million spent. Loan Fund: NeighborGood Partners is certified by the Treasury Department as a Community Development Financial Institution (CDFI) and as such has a Loan Fund which lends primarily to nonprofit borrowers on the Delmarva Peninsula for the purposes of affordable housing, community facilities and economic development. Loan purposes are typically predevelopment, acquisition, and/or construction for single-family and multi-family housing, neighborhood revitalization and community-based facilities, as well as working capital. Loans are underwritten by staff and approved by the Loan Fund Committee of the board. NeighborGood Partners, as a short-term lender, seeks investments and loan participations for capital to lend. Activity included 18 new loans, totaling $10.1 million with 55 loans being serviced overall.
- $665,735 spent. Homeownership: NeighborGood Partners is a HUD-certified Housing Counseling Agency and as such provide comprehensive homeownership counseling and education services to low and moderate income households in Delaware. With trained and certified counselors, NeighborGood Partners provides a full-service "Preparing for Homeownership" curriculum in group and individual sessions geared towards assisting renter households to become mortgage-ready as first-time homebuyers. Households participate, become informed consumers, and work to become eligible for access to sound mortgage products. Activity included 678 households counseled and 207 households achieving homeownership.
- $600,342 spent. Self-Help Housing Technical and Management Assistance: NeighborGood Partners provides technical and management assistance (T&MA) to local self-help housing grantees in a 21 state region of the northeast and north central areas of the United States through a contract with USDA's Rural Housing Service. Staff training, quarterly review meetings, newsletters, application preparation and reviews, progress monitoring, problem solving, and other support is provided to self-help housing grantees to build or repair 50-75 homes a year using participant family sweat equity. Families are low and very low income typically using the RD 502 mortgage program for building materials and the families provide the labor. NeighborGood Partners acts as an intermediary providing the support services to the grantees who in turn oversee and assist the participating families in building their homes. Activity included management and technical support to 10 self-help housing grantees and 50 houses were built.
- $1.9 million spent. See Schedule O, Statement 2
- Real Estate Development Services: Technical assistance to locally based nonprofit housing corporations on the Delmarva Peninsula for the development and preservation of affordable apartments. Services include packaging financing applications and assistance throughout the development process. 581 units with several apartment projects are in process. Oversaw construction of the NeighborGood Center in Dover, DE. Also, for sale homes were under construction and four were completed and sold in downtown Dover, DE. Foreclosure Prevention Counseling: Counseling and education services, assist households experiencing financial hardships or unaffordable mortgages in Delaware to avoid or resolve impending home foreclosure through workshops, individual counseling, loan modifications and access to federal and state programs. Activity included assisting 236 clients with counseling services and 87 households achieving positive resolution. Stand By Me: Financial Coaching was provided to 1,177 households at benues such as public housing, community colleges, and employers' workplaces. Activity included 473 new clients and 2,609 appointments held. Restoring Central Dover; Ninth year of implementation of the Neighborhood Revitalization Plan working with residents and Work Groups on specific projects and strategies for improvement. Various events were held this year with activities for residents to participate in such as health fair, block parties and public safety efforts. Our 12 week Launcher Entepreneur classes had 20 graduates.
Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending September 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since February 1958.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.