Civic Intelligence

Nb Housing Partners

EIN 46-1955404 • 501(c)3 • New Braunfels, TX

Profile

Nb housing partners supports affordable, accessible housing opportunities for residents of new braunfels experiencing housing instability.

801 West San Antonio StNew Braunfels, TX 78130

www.nbhousingpartners.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

75th percentile

0.33x

Higher debt load relative to assets than 75% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

84th percentile

0.66x

Higher debt load relative to revenue than 84% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

82nd percentile

32%

Higher net margin than 82% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

67th percentile

11%

Faster asset growth than 67% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

10th percentile

-30%

Faster revenue growth than 10% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$3,587,734

Up $352,104 (+11%) from 2023

Liabilities

Down

$1,169,929

Down $216,533 (-16%) from 2023

Net Assets

Up

$2,417,805

Up $568,637 (+31%) from 2023

Revenue

Down

$1,784,502

Down $750,927 (-30%) from 2023

Expenses

Down

$1,215,865

Down $209,714 (-15%) from 2023

Net Income

Down

$568,637

Down $541,213 (-49%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2013: $195,342Liabilities 2013: $02013Assets 2014: $637,141Liabilities 2014: $204,857Net Assets 2014: $432,2842014Assets 2015: $644,122Liabilities 2015: $200,844Net Assets 2015: $443,2782015Assets 2016: $1,396,108Liabilities 2016: $0Net Assets 2016: $1,396,1082016Assets 2017: $1,258,230Liabilities 2017: $0Net Assets 2017: $1,258,2302017Assets 2018: $1,254,600Liabilities 2018: $0Net Assets 2018: $1,254,6002018Assets 2019: $1,068,751Liabilities 2019: $0Net Assets 2019: $1,068,7512019Assets 2020: $1,102,795Liabilities 2020: $0Net Assets 2020: $1,102,7952020Assets 2021: $761,579Liabilities 2021: $14,239Net Assets 2021: $747,3402021Assets 2022: $778,433Liabilities 2022: $39,115Net Assets 2022: $739,3182022Assets 2023: $3,235,630Liabilities 2023: $1,386,462Net Assets 2023: $1,849,1682023Assets 2024: $3,587,734Liabilities 2024: $1,169,929Net Assets 2024: $2,417,8052024

Highlighted filing

2024

Assets$3,587,734
Liabilities$1,169,929
Net Assets$2,417,805

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $197,245Expenses 2013: $1,903Net Income 2013: $195,3422013Revenue 2014: $252,340Expenses 2014: $15,398Net Income 2014: $236,9422014Revenue 2015: $14,233Expenses 2015: $3,238Net Income 2015: $10,9952015Revenue 2016: $960,408Expenses 2016: $7,577Net Income 2016: $952,8312016Revenue 2017: $157,600Expenses 2017: $295,476Net Income 2017: -$137,8762017Revenue 2018: $3,150Expenses 2018: $6,780Net Income 2018: -$3,6302018Revenue 2019: $0Expenses 2019: $185,849Net Income 2019: -$185,8492019Revenue 2020: $35,938Expenses 2020: $1,894Net Income 2020: $34,0442020Revenue 2021: $1,355,509Expenses 2021: $960,964Net Income 2021: $394,5452021Revenue 2022: $1,271,980Expenses 2022: $1,280,002Net Income 2022: -$8,0222022Revenue 2023: $2,535,429Expenses 2023: $1,425,579Net Income 2023: $1,109,8502023Revenue 2024: $1,784,502Expenses 2024: $1,215,865Net Income 2024: $568,6372024

Highlighted filing

2024

Revenue$1,784,502
Expenses$1,215,865
Net Income$568,637

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 9, 2025
Return Version
2024v5.0
Gross Receipts
$1,787,571
Mission and Program Overview

Mission

NB Housing Partners supports affordable, accessible housing opportunities for residents of New Braunfels experiencing housing instability.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,463,940$2,925,650▲ $461,710
Cash and Non-Interest-Bearing Accounts$368,143$399,616▲ $31,473
Pledges and Grants Receivable$402,621$245,727▼ $156,894
Prepaid Expenses and Deferred Charges$926$16,741▲ $15,815
Total Assets$3,235,630$3,587,734▲ $352,104
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,180,556$1,076,389▼ $104,167
Accounts Payable and Accrued Expenses$205,906$93,540▼ $112,366
Total Liabilities$1,386,462$1,169,929▼ $216,533
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,810,130$2,176,612▲ $366,482
Net Assets With Donor Restrictions$39,038$241,193▲ $202,155
Total Net Assets Fund Balance$1,849,168$2,417,805▲ $568,637
Total Liabilities and Net Assets / Fund Balance$3,235,630$3,587,734▲ $352,104

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,576,897$43,529$1,620,426
Land$1,250,736-$1,250,736
Equipment$98,017$11,439$109,456
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mike MorrisonChair
Joe VargasChair Elect
Clay RobisonBoard Member
D Lee EdwardsBoard Member
David RickerBoard Member
Doy ColeBoard Member
Jolene SuttonBoard Member
Leslie LammersBoard Member
Lewis JonesBoard Member
Ryan StangelBoard Member
Valin Woodward MillerImmediate Pa
Andrea FeingoldSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$1,781,659
Program Service Revenue
$0
Investment Income
$1,431
Other Revenue
$1,412
All Other Contributions
$51,450
Change in Net Assets
$568,637

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$24,422
Securities Closely Held Stock1$16,605
Clothing and Household Goods-$9,084
Drugs and Medical Supplies1$1,339
Total Noncash Contributions3$51,450

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,784,502
Total Revenue per Audited Statements
$1,784,502
Total Revenue per Form 990
$1,784,502
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$856,541
Other Expenses$359,324
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$662,478$73,609-$736,087
Other Employee Benefits$58,279$6,476-$64,755
Payroll Taxes$50,129$5,570-$55,699
Depreciation Depletion$50,404--$50,404
Fees for Services Management$23,466$15,283-$38,749
Information Technology$25,662$2,851-$28,513
All Other Expenses$25,948$1,070-$27,018
Insurance$17,700$7,118-$24,818
Other Expenses$20,594$8,741-$20,594
Occupancy$17,407--$17,407
Office Expenses-$16,154-$16,154
Fees for Services Other-$9,866-$9,866
Conferences and Meetings-$8,758-$8,758
Total Functional Expenses$1,060,369$155,496$0$1,215,865

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,215,865
Total Expenses per Audited Statements$1,215,865
Total Expenses per Form 990$1,215,865
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

A draft of the form 990 is presented to the board for approval prior to filing.

Form 990, Page 6, Part VI, Line 12C

Board members complete a conflict of interest questionnaire annually at the beginning of the year. The board resolves any conflicts of interest as they arise throughout the year.

Form 990, Page 6, Part VI, Line 15A

Organization uses the werling associates salary study to determine employee compensation. Final compensation approved by the board.

Form 990, Page 6, Part VI, Line 15B

Organization uses the werling associates salary study to determine employee compensation. Final compensation approved by the board.

Form 990, Page 6, Part VI, Line 19

All governing documents, policies and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Nb Housing Partners
EIN
46-1955404
Phone
8306069500
Address
801 WEST SAN ANTONIO ST, NEW BRAUNFELS, TX 78130

Signing Officer

Name
Joe Vargas
Title
Chair Elect
Phone
8306069500
Signed
2025-06-09

Organization Details

Principal Officer
Joe Vargas
Formed
2013
Voting Board Members
12
Independent Board Members
12
Employees
22
Volunteers
20

Preparer

Firm
Williams Steinert Mask Llp
Address
1100 NE LOOP 410 STE 350, SAN ANTONIO, TX 78209
Preparer
Kirk Mask
Phone
2106841071
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Nb housing partners supports affordable, accessible housing opportunities for residents of new braunfels experiencing housing instability.

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IRS990/OtherExpensesGrp/TotalAmt221755
IRS990/OtherExpensesGrp/TotalAmt320594
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01412
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01412
IRS990/OtherRevenueTotalAmt01412
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt073609
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0662478
IRS990/OtherSalariesAndWagesGrp/TotalAmt0736087
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05570
IRS990/PayrollTaxesGrp/ProgramServicesAmt050129
IRS990/PayrollTaxesGrp/TotalAmt055699
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0402621
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0245727
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0926
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt016741
IRS990/PrincipalOfficerNm0JOE VARGAS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActyOtherGrp/Desc0NB HOUSING PARTNERS SUPPORTS AFFORDABLE, ACCESSIBLE HOUSING OPPORTUNITIES FOR RESIDENTS OF NEW BRAUNFELS EXPERIENCING HOUSING INSTABILITY.
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IRS990/PYExcessBenefitTransInd0false
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IRS990/PYRevenuesLessExpensesAmt01109850
IRS990/PYSalariesCompEmpBnftPaidAmt0769174
IRS990/PYTotalExpensesAmt01425579
IRS990/PYTotalRevenueAmt02535429
IRS990/ReconcilationRevenueExpnssAmt0568637
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt0780480
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt0294520
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0294520
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01781659
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt02524634
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01251864
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01352966
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt035938
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt06947061
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01412
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt010795
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt020116
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02543
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt034866
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
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IRS990ScheduleA/PublicSupportPY509Pct00.94330
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0294520
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02535429
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01271980
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01355509
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt035938
IRS990ScheduleA/Total509Grp/TotalAmt06981927
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01783071
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01271980
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01355509
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IRS990ScheduleD/EquipmentGrp/BookValueAmt098017
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011439
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0109456
IRS990ScheduleD/ExpensesSubtotalAmt01215865
IRS990ScheduleD/LandGrp/BookValueAmt01250736
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01250736
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01576897
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt043529
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01620426
IRS990ScheduleD/RevenueSubtotalAmt01784502
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02925650
IRS990ScheduleD/TotalExpensesPerForm990Amt01215865
IRS990ScheduleD/TotalRevenuePerForm990Amt01784502
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01784502
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01215865
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/NonCashCheckboxInd0X
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IRS990ScheduleM/DrugsAndMedicalSuppliesGrp/ContributionCnt01
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IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
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IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SecuritiesCloselyHeldStockGrp/ContributionCnt01
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NB HOUSING PARTNERS SUPPORTS AFFORDABLE, ACCESSIBLE HOUSING OPPORTUNITIES FOR RESIDENTS OF NEW BRAUNFELS EXPERIENCING HOUSING INSTABILITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT OF THE FORM 990 IS PRESENTED TO THE BOARD FOR APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY AT THE BEGINNING OF THE YEAR. THE BOARD RESOLVES ANY CONFLICTS OF INTEREST AS THEY ARISE THROUGHOUT THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ORGANIZATION USES THE WERLING ASSOCIATES SALARY STUDY TO DETERMINE EMPLOYEE COMPENSATION. FINAL COMPENSATION APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ORGANIZATION USES THE WERLING ASSOCIATES SALARY STUDY TO DETERMINE EMPLOYEE COMPENSATION. FINAL COMPENSATION APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt03587734
IRS990/TotalAssetsGrp/BOYAmt03235630
IRS990/TotalAssetsGrp/EOYAmt03587734
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01781659
IRS990/TotalEmployeeCnt022
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0155496
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01060369
IRS990/TotalFunctionalExpensesGrp/TotalAmt01215865
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01386462
IRS990/TotalLiabilitiesEOYAmt01169929
IRS990/TotalLiabilitiesGrp/BOYAmt01386462
IRS990/TotalLiabilitiesGrp/EOYAmt01169929
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01849168
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02417805
IRS990/TotalOtherProgSrvcExpenseAmt041933
IRS990/TotalProgramServiceExpensesAmt01060369
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02843
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01784502
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03235630
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03587734
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0801 WEST SAN ANTONIO

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