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Nonprofiteer
← NEIGHBORHOOD LENDING PARTNERS INC

Form 990 for tax year 2023

Filed by NEIGHBORHOOD LENDING PARTNERS INC.

Totals

Total revenue
$3,708,482
Total expenses
$2,797,875
Contributions and grants received
$1,066,446
Grants paid
$0
Program service revenue
$2,162,098
Investment income
$479,938
Other revenue
$0
Total assets, end of year
$55,042,753
Total liabilities, end of year
$33,241,623
Net assets or fund balances, end of year
$21,801,130
Program services expenses (Part IX)
$1,994,759
Management and general expenses
$668,116
Fundraising expenses
$135,000
Program service expenses (Part III)
$1,994,759

Program services were 71.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $35,000

  • 1e · Government grants (contributions)

    $1,001,446

  • 1f · All other contributions, gifts and grants

    $30,000

  • 2a · Program service revenue: LOAN SERVICING FEES

    total $1,041,727 · related or exempt $1,041,727

  • 2b · Program service revenue: LOAN FACILIATION FEES

    total $560,916 · related or exempt $560,916

  • 2c · Program service revenue: INTEREST - LOANS

    total $447,506 · related or exempt $447,506

  • 2d · Program service revenue: LOAN PREPAYMENT FEES

    total $111,949 · related or exempt $111,949

  • 3 · Investment income

    total $479,938 · excluded $479,938

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $328,991 · program services $242,722 · management and general $63,107 · fundraising $23,162

  • 7 · Other salaries and wages

    total $1,150,817 · program services $849,047 · management and general $220,748 · fundraising $81,022

  • 8 · Pension plan contributions

    total $351,846 · program services $259,584 · management and general $67,491 · fundraising $24,771

  • 10 · Payroll taxes

    total $85,863 · program services $63,348 · management and general $16,470 · fundraising $6,045

  • 11b · Fees: legal

    total $14,900 · program services $13,410 · management and general $1,490

  • 11c · Fees: accounting

    total $56,309 · program services $50,678 · management and general $5,631

  • 13 · Office expenses

    total $130,276 · program services $117,248 · management and general $13,028

  • 14 · Information technology

    total $63,603 · program services $57,243 · management and general $6,360

  • 16 · Occupancy

    total $66,149 · program services $59,534 · management and general $6,615

  • 17 · Travel

    total $123,107 · program services $110,796 · management and general $12,311

  • 19 · Conferences, conventions and meetings

    total $41,913 · program services $26,680 · management and general $15,233

  • 20 · Interest

    total $137,633 · management and general $137,633

  • 22 · Depreciation, depletion and amortization

    total $34,222 · program services $30,800 · management and general $3,422

  • 23 · Insurance

    total $42,079 · program services $26,786 · management and general $15,293

  • 24a · Other expenses: RETURN OF FUNDS-FUNDRAI

    total $110,556 · program services $70,376 · management and general $40,180

  • 24b · Other expenses: MISCELLANEOUS EXPENSES

    total $71,639 · program services $45,602 · management and general $26,037

  • 24c · Other expenses: DUES AND MEMBERSHIPS

    total $36,837 · program services $23,449 · management and general $13,388

  • 24d · Other expenses: BUSINESS DEVELOPMENT

    total $6,631 · program services $4,221 · management and general $2,410

  • 24e · All other expenses

    total -$55,496 · program services -$56,765 · management and general $1,269

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $35,228,626 · end of year $41,024,482

  • 2 · Savings and temporary cash investments

    beginning of year $746,707 · end of year $1,007,752

  • 4 · Accounts receivable

    beginning of year $573,804 · end of year $957,579

  • 7 · Other notes and loans receivable

    beginning of year $11,310,541 · end of year $11,841,516

  • 9 · Prepaid expenses and deferred charges

    beginning of year $61,902 · end of year $60,983

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $141,020 · end of year $150,441

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,487,390 · end of year $11,144,855

  • 21 · Escrow or custodial account liability

    beginning of year $11,723,916 · end of year $13,977,104

  • 23 · Secured mortgages and notes payable

    beginning of year $3,956,242 · end of year $3,231,302

  • 25 · Other liabilities

    beginning of year $3,004,529 · end of year $4,888,362

  • 27 · Net assets without donor restrictions

    beginning of year $7,113,150 · end of year $7,327,864

  • 28 · Net assets with donor restrictions

    beginning of year $13,777,373 · end of year $14,473,266

Mission and programs · 2023

Mission

TO ARRANGE FOR FINANCING AND PROVIDE TECHNICAL ASSISTANCE TO FACILITATE THE DEVELOPMENT OF AFFORDABLE HOUSING, AND TO OTHERWISE SUPPORT COMMUNITY DEVELOPMENT AND REDEVELOPMENT NEEDS.

Activities or mission (Part I)

ARRANGE FINANCING & PROVIDE TECHNICAL ASSISTANCE FOR THE DEVELOPMENT OF AFFORDABLE HOUSING

  • NEIGHBORHOOD LENDING PARTNERS OF FLORIDA, INC.ASSISTED IN THE REDEVELOPMENT AND REHABILITATION OF ABANDONED AND FORECLOSED PROPERTIES. IN ADDITION, ASSISTED IN THE SERVICING OF LOANS TO LOW-INCOME FAMILIES AND RESIDENTS AND FOR RESIDENTS WITH SPECIAL HOUSING NEEDS.

    Expenses $1,879,649 · Revenue $2,100,098

  • NEIGHBORHOOD LENDING PARTNERS OF GEORGIA, INC.ASSISTED IN THE REDEVELOPMENT AND REHABILITATION OF ABANDONED AND FORECLOSED PROPERTIES. IN ADDITION, ASSISTED IN THE SERVICING OF LOANS TO LOW-INCOME FAMILIES AND RESIDENTS AND FOR RESIDENTS WITH SPECIAL HOUSING NEEDS.

    Expenses $115,110 · Revenue $62,000

As filed on the 2023 return.

Listed in Part VII

  • THOMAS F MACINA

    DIRECTOR,LESS THAN

    Total calculated
    $0
    Hours/week
    5

  • DOUGLAS B BROWN

    DIRECTOR,LESS THAN

    Total calculated
    $0
    Hours/week
    5

  • CLAIRE F RALEY

    DIRECTOR,LESS THAN

    Total calculated
    $0
    Hours/week
    5

  • NANCY L MEROLLA

    DIRECTOR,LESS THAN

    Total calculated
    $0
    Hours/week
    5

  • JACK HUMBURG

    DIRECTOR,LESS THAN

    Total calculated
    $0
    Hours/week
    5

  • CHRIS WILLMAN

    DIRECTOR,LESS THAN

    Total calculated
    $0
    Hours/week
    5

  • MANUEL M DEL CANAL

    DIRECTOR,LESS THAN

    Total calculated
    $0
    Hours/week
    5

  • EULA PARKER

    DIRECTOR,LESS THAN

    Total calculated
    $0
    Hours/week
    5

  • JOSHUA BROWN

    DIRECTOR, LESS THAN

    Total calculated
    $0
    Hours/week
    5

  • LEE CURRY

    DIRECTOR, LESS THAN

    Total calculated
    $0
    Hours/week
    5

  • JULIUS JACKSON

    DIRECTOR, LESS THAN

    Total calculated
    $0
    Hours/week
    5

  • TONY BROWN

    DIRECTOR, LESS THAN

    Total calculated
    $0
    Hours/week
    5

  • LUCIANO NOIR-JONES

    DIRECTOR, LESS THAN

    Total calculated
    $0
    Hours/week
    5

  • ANDREW RABUCK

    DIRECTOR, LESS THAN

    Total calculated
    $0
    Hours/week
    5

  • ERBI BLANCO-TRUE

    DIRECTOR, LESS THAN

    Total calculated
    $0
    Hours/week
    5

  • CHARICE HEYWOOD

    DIRECTOR, LESS THAN

    Total calculated
    $0
    Hours/week
    5

  • MICHAEL KILPATRICK

    DIRECTOR, LESS THAN

    Total calculated
    $0
    Hours/week
    5

  • LANCE LANSRUD

    DIRECTOR, LESS THAN

    Total calculated
    $0
    Hours/week
    5

  • HORATIO W JONES IV

    DIRECTOR, LESS THAN

    Total calculated
    $0
    Hours/week
    5

  • K OWEN LAFAVE

    DIRECTOR, LESS THAN

    Total calculated
    $0
    Hours/week
    5

  • VANESSA MCCLEARY

    DIRECTOR, LESS THAN

    Total calculated
    $0
    Hours/week
    5

  • STEVE WASSERMAN

    DIRECTOR, LESS THAN

    Total calculated
    $0
    Hours/week
    5

  • FRANK CORNIER

    DIRECTOR, LESS THAN

    Total calculated
    $0
    Hours/week
    5

  • RACQUEL REDDIE

    DIRECTOR, LESS THAN

    Total calculated
    $0
    Hours/week
    5

  • MIKE CAMOIA

    DIRECTOR, LESS THAN

    Total calculated
    $0
    Hours/week
    5

  • DEBRA REYES

    PRESIDENT

    Total calculated
    $307,903
    From this org
    $307,903
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $263,729
    Bonus
    $0
    Other
    $44,174
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $307,903

  • CARLOS A RIVAS

    E.V.P. CHIEF FINANCIAL OFF

    Total calculated
    $210,572
    From this org
    $210,572
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,572
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $210,572

  • MARY FELLOWS

    SVP/CAPITALIZATION DIRECTO

    Total calculated
    $186,722
    From this org
    $186,722
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,722
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $186,722

  • CINZIA KEEVER

    VP/CONSTRUCTION DRAW ADMI

    Total calculated
    $102,392
    From this org
    $102,392
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • MARY CLARK

    VP CREDIT ANALYST AND UNDE

    Total calculated
    $101,154
    From this org
    $101,154
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • THAIS PEPE

    VP/SENIOR LEADER

    Total calculated
    $171,250
    From this org
    $171,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,250
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $171,250

  • GEORGE ROMAGNOLI

    SVP/GOVERNMENT RELATIONS A

    Total calculated
    $95,259
    From this org
    $95,259
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
27 January 2025
IRS schema version
2023v6.0
Source object
202510279349300316

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