Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $646,166

• 1f · All other contributions, gifts and grants

  $3,000,000

• 2a · Program service revenue: LOAN INTEREST

  total $5,531,488 · related or exempt $5,531,488

• 2b · Program service revenue: LOAN FEES

  total $635,400 · related or exempt $635,400

• 2c · Program service revenue: LOAN SERVICE FEE

  total $3,742 · related or exempt $3,742

• 3 · Investment income

  total $396,618 · excluded $396,618

• 7a · Gross sales of assets other than inventory

  securities $530,502

• 7b · Less cost or other basis and sales expenses

  securities $401,605

• 7c · Gain or loss

  securities $128,897

• 7d · Net gain or loss

  total $128,897 · excluded $128,897

• 11a · Other revenue: RECOVERY OF LOAN LOSS

  total $1,087,842 · related or exempt $1,087,842

• 11e · Other revenue, total

  $1,087,842

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,106,997 · program services $818,922 · management and general $189,892 · fundraising $98,183

• 7 · Other salaries and wages

  total $1,645,034 · program services $1,216,945 · management and general $282,186 · fundraising $145,903

• 8 · Pension plan contributions

  total $85,315 · program services $63,113 · management and general $14,635 · fundraising $7,567

• 9 · Other employee benefits

  total $177,534 · program services $131,334 · management and general $30,453 · fundraising $15,747

• 10 · Payroll taxes

  total $191,193 · program services $141,439 · management and general $32,797 · fundraising $16,957

• 11b · Fees: legal

  total $10,449 · program services $1,826 · management and general $1,437 · fundraising $7,186

• 11c · Fees: accounting

  total $63,244 · program services $25,169 · management and general $25,555 · fundraising $12,520

• 11f · Fees: investment management

  total $25,871 · program services $24,577 · fundraising $1,294

• 11g · Fees: other

  total $136,370 · program services $111,885 · management and general $14,247 · fundraising $10,238

• 12 · Advertising and promotion

  total $64,543 · program services $58,089 · fundraising $6,454

• 13 · Office expenses

  total $50,887 · program services $43,871 · management and general $4,785 · fundraising $2,231

• 16 · Occupancy

  total $145,238 · program services $116,190 · management and general $21,786 · fundraising $7,262

• 17 · Travel

  total $123,728 · program services $98,982 · management and general $12,373 · fundraising $12,373

• 19 · Conferences, conventions and meetings

  total $1,710 · program services $1,368 · management and general $342

• 20 · Interest

  total $1,941,966 · program services $1,941,966

• 22 · Depreciation, depletion and amortization

  total $30,165 · program services $22,624 · management and general $6,033 · fundraising $1,508

• 23 · Insurance

  total $40,716 · program services $34,608 · management and general $4,072 · fundraising $2,036

• 24a · Other expenses: REPAIRS AND MAINTENANCE

  total $189,819 · program services $170,837 · management and general $17,084 · fundraising $1,898

• 24b · Other expenses: STAFF DEVELOPMENT

  total $25,682 · program services $21,830 · management and general $2,568 · fundraising $1,284

• 24c · Other expenses: DUES

  total $11,339 · program services $10,205 · management and general $1,134

• 24d · Other expenses: SERVICE FEE EXPENSE

  total $1,708 · program services $1,708

• 24e · All other expenses

  total $50,309 · program services $42,762 · management and general $7,547

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,808,198 · end of year $4,903,920

• 2 · Savings and temporary cash investments

  beginning of year $9,053,607 · end of year $26,058,210

• 4 · Accounts receivable

  beginning of year $75,246 · end of year $31,579

• 9 · Prepaid expenses and deferred charges

  beginning of year $80,327 · end of year $79,731

• 10a · Land, buildings and equipment: cost or other basis

  $245,779

• 10b · Land, buildings and equipment: accumulated depreciation

  $175,030

• 10c · Land, buildings and equipment, net

  beginning of year $47,721 · end of year $70,749

• 11 · Investments: publicly traded securities

  beginning of year $529,544

• 13 · Investments: program-related

  beginning of year $93,841,311 · end of year $101,206,006

• 14 · Intangible assets

  beginning of year $561,499 · end of year $432,510

• 15 · Other assets

  beginning of year $233,112 · end of year $301,014

• 17 · Accounts payable and accrued expenses

  beginning of year $1,059,247 · end of year $1,335,396

• 21 · Escrow or custodial account liability

  beginning of year $2,566,402 · end of year $2,587,781

• 24 · Unsecured notes and loans payable

  beginning of year $49,339,362 · end of year $68,717,013

• 25 · Other liabilities

  beginning of year $0 · end of year $363,785

• 27 · Net assets without donor restrictions

  beginning of year $28,899,871 · end of year $33,997,792

• 28 · Net assets with donor restrictions

  beginning of year $26,365,683 · end of year $26,081,952

The filer's explanations (Part III)

PART I, LINE 7

PERSONS LISTED RECEIVED ANNUAL PERFORMANCE BONUSES BASED ON INDIVIDUAL AND OTHER CORPORATE GOAL ACHIEVEMENT.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• NC PL LLC

  LENDING FOR AFFORDABLE HOUSING PROJECTS · MD · income $258,869 · assets $22,289,094

  Directly controlled by NEIGHBORWORKS CAPITAL CORP

• NEIGHBORWORKS CAPITAL GREEN LLC

  ENVIRONMENT LENDING AND GRANTS · DE · income $0 · assets $0

  Directly controlled by NEIGHBORWORKS CAPITAL CORP

• NEIGHBORWORKS CAPITAL CONSULTING

  AFFORDABLE HOUSING INDUSTRY CONSULTING · DE · income $0 · assets $0

  Directly controlled by NEIGHBORWORKS CAPITAL CORP