Nehi Inc.
Nehi Inc.
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About this organization
Revenue
$386,444
Expenses
$267,927
Mission
Building strong communities through housing.
About
Nehi, Inc. administers the purchase/rehab/sell program using HUD home funds provided through the Nebraska Department of Economic Development (NDED). Households at or below 80% of the area median income qualify for the program. Nehi purchases the house, oversees the rehab work done to NDED rehab standards, and sells the house to the buyer. At the time of sale, Nehi provides approximately 20% of the cost of the home through a 0% loan that is deferred until the first home loan is paid off, the house is sold, or the buyer defaults. Nehi also provides reach standard homebuyer education and housing counseling.
Interesting data from their 2020 990 filing
The non-profit's mission, as described in the filing, is “Building strong communities through housing.”.
When describing its duties, they were characterized as: “Building strong communities through housing.”.
- The non-profit has complied with legal regulations by reporting their state of operation as NE.
- As of 2020, the non-profit has reported a total of 3 employees on their form.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are between $250,000 and $500,000.
- Revenue is between $250,000 and $500,000.
- Revenue less expenses is $118,517.
- The compensation of the CEO of the organization is subject to review and approval by an independent body.
- The organization has 6 independent voting members.
- The organization was formed in 2005.
- The organization has a written policy that addresses conflicts of interest.
- The organization pays $32,632 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
- The organization has minutes of its meetings.