Form 990 for tax year 2022
Filed by NEIGHBORHOOD LENDING PARTNERS INC.
Totals
- Total revenue
- $9,759,428
- Total expenses
- $2,857,170
- Contributions and grants received
- $7,312,500
- Grants paid
- $0
- Program service revenue
- $2,416,317
- Investment income
- $30,611
- Other revenue
- $0
- Total assets, end of year
- $48,062,600
- Total liabilities, end of year
- $27,172,077
- Net assets or fund balances, end of year
- $20,890,523
- Program services expenses (Part IX)
- $2,101,393
- Management and general expenses
- $646,610
- Fundraising expenses
- $109,167
- Program service expenses (Part III)
- $2,101,393
Program services were 73.5% 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
$90,000
-
1e · Government grants (contributions)
$7,222,500
-
2a · Program service revenue: LOAN FACILIATION FEES
total $1,068,280 · related or exempt $1,068,280
-
2b · Program service revenue: LOAN SERVICING FEES
total $878,698 · related or exempt $878,698
-
2c · Program service revenue: LOAN PREPAYMENT FEES
total $252,947 · related or exempt $252,947
-
2d · Program service revenue: INTEREST - LOANS
total $216,392 · related or exempt $216,392
-
3 · Investment income
total $30,611 · excluded $30,611
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $283,738 · program services $196,153 · management and general $69,631 · fundraising $17,954
-
7 · Other salaries and wages
total $961,233 · program services $682,492 · management and general $216,272 · fundraising $62,469
-
8 · Pension plan contributions
total $348,828 · program services $241,151 · management and general $85,604 · fundraising $22,073
-
10 · Payroll taxes
total $105,419 · program services $72,878 · management and general $25,870 · fundraising $6,671
-
11b · Fees: legal
total $30,128 · program services $25,308 · management and general $4,820
-
11c · Fees: accounting
total $92,181 · program services $77,432 · management and general $14,749
-
12 · Advertising and promotion
total $5,860 · program services $4,922 · management and general $938
-
13 · Office expenses
total $108,771 · program services $91,368 · management and general $17,403
-
14 · Information technology
total $55,724 · program services $46,808 · management and general $8,916
-
16 · Occupancy
total $147,417 · program services $123,830 · management and general $23,587
-
17 · Travel
total $121,526 · program services $102,082 · management and general $19,444
-
19 · Conferences, conventions and meetings
total $18,504 · program services $15,543 · management and general $2,961
-
20 · Interest
total $79,393 · program services $9,313 · management and general $70,080
-
22 · Depreciation, depletion and amortization
total $27,585 · program services $23,171 · management and general $4,414
-
23 · Insurance
total $38,458 · program services $32,305 · management and general $6,153
-
24a · Other expenses: RETURN OF FUNDS-FUNDRAI
total $400,000 · program services $336,000 · management and general $64,000
-
24b · Other expenses: DUES AND MEMBERSHIPS
total $43,719 · program services $36,724 · management and general $6,995
-
24c · Other expenses: TAXES, LICENSES AND FEE
total $16,375 · program services $13,755 · management and general $2,620
-
24d · Other expenses: MISCELLANEOUS EXPENSES
total $11,444 · program services $9,613 · management and general $1,831
-
24e · All other expenses
total -$39,133 · program services -$39,455 · management and general $322
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $25,714,424 · end of year $35,228,626
-
2 · Savings and temporary cash investments
beginning of year $744,607 · end of year $746,707
-
4 · Accounts receivable
beginning of year $547,844 · end of year $573,804
-
7 · Other notes and loans receivable
beginning of year $7,737,597 · end of year $11,310,541
-
9 · Prepaid expenses and deferred charges
beginning of year $78,867 · end of year $61,902
-
10a · Land, buildings and equipment: cost or other basis
$8,356
-
10b · Land, buildings and equipment: accumulated depreciation
$8,356
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $122,579 · end of year $141,020
-
17 · Accounts payable and accrued expenses
beginning of year $7,530,490 · end of year $8,487,390
-
21 · Escrow or custodial account liability
beginning of year $9,819,559 · end of year $11,723,916
-
23 · Secured mortgages and notes payable
beginning of year $603,075 · end of year $3,956,242
-
25 · Other liabilities
beginning of year $3,004,529 · end of year $3,004,529
-
27 · Net assets without donor restrictions
beginning of year $6,810,892 · end of year $7,113,150
-
28 · Net assets with donor restrictions
beginning of year $7,177,373 · end of year $13,777,373
Mission and programs · 2022
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 $2,041,074 · Revenue $2,319,667
-
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 $60,319 · Revenue $96,650
As filed on the 2022 return.
Listed in Part VII
-
Thomas F MacinaTHOMAS F MACINA
DIRECTOR,LESS THAN
- Total calculated
- $0
- Hours/week
- 5
-
Douglas B BrownDOUGLAS B BROWN
DIRECTOR,LESS THAN
- Total calculated
- $0
- Hours/week
- 5
-
Claire F RaleyCLAIRE F RALEY
DIRECTOR,LESS THAN
- Total calculated
- $0
- Hours/week
- 5
-
Nancy L MerollaNANCY L MEROLLA
DIRECTOR,LESS THAN
- Total calculated
- $0
- Hours/week
- 5
-
Jack HumburgJACK HUMBURG
DIRECTOR,LESS THAN
- Total calculated
- $0
- Hours/week
- 5
-
Chris WillmanCHRIS WILLMAN
DIRECTOR,LESS THAN
- Total calculated
- $0
- Hours/week
- 5
-
Manuel M Del CanalMANUEL M DEL CANAL
DIRECTOR,LESS THAN
- Total calculated
- $0
- Hours/week
- 5
-
Eula ParkerEULA PARKER
DIRECTOR,LESS THAN
- Total calculated
- $0
- Hours/week
- 5
-
Joshua BrownJOSHUA BROWN
DIRECTOR, LESS THAN
- Total calculated
- $0
- Hours/week
- 5
-
Lee CurryLEE CURRY
DIRECTOR, LESS THAN
- Total calculated
- $0
- Hours/week
- 5
-
Julius JacksonJULIUS JACKSON
DIRECTOR, LESS THAN
- Total calculated
- $0
- Hours/week
- 5
-
Tony BrownTONY BROWN
DIRECTOR, LESS THAN
- Total calculated
- $0
- Hours/week
- 5
-
Luciano Noir-JonesLUCIANO NOIR-JONES
DIRECTOR, LESS THAN
- Total calculated
- $0
- Hours/week
- 5
-
Andrew RabuckANDREW RABUCK
DIRECTOR, LESS THAN
- Total calculated
- $0
- Hours/week
- 5
-
Erbi Blanco-TrueERBI BLANCO-TRUE
DIRECTOR, LESS THAN
- Total calculated
- $0
- Hours/week
- 5
-
Charice HeywoodCHARICE HEYWOOD
DIRECTOR, LESS THAN
- Total calculated
- $0
- Hours/week
- 5
-
Michael KilpatrickMICHAEL KILPATRICK
DIRECTOR, LESS THAN
- Total calculated
- $0
- Hours/week
- 5
-
Lance LansrudLANCE LANSRUD
DIRECTOR, LESS THAN
- Total calculated
- $0
- Hours/week
- 5
-
Horatio W Jones IVHORATIO W JONES IV
DIRECTOR, LESS THAN
- Total calculated
- $0
- Hours/week
- 5
-
Kayon HendersonKAYON HENDERSON
DIRECTOR, LESS THAN
- Total calculated
- $0
- Hours/week
- 5
-
Tamara WestTAMARA WEST
DIRECTOR, LESS THAN
- Total calculated
- $0
- Hours/week
- 5
-
K Owen LafaveK OWEN LAFAVE
DIRECTOR, LESS THAN
- Total calculated
- $0
- Hours/week
- 5
-
Vanessa McClearyVANESSA MCCLEARY
DIRECTOR, LESS THAN
- Total calculated
- $0
- Hours/week
- 5
-
Steve WassermanSTEVE WASSERMAN
DIRECTOR, LESS THAN
- Total calculated
- $0
- Hours/week
- 5
-
Frank CornierFRANK CORNIER
DIRECTOR, LESS THAN
- Total calculated
- $0
- Hours/week
- 5
-
Racquel ReddieRACQUEL REDDIE
DIRECTOR, LESS THAN
- Total calculated
- $0
- Hours/week
- 5
-
Debra ReyesDEBRA REYES
PRESIDENT
- Total calculated
- $282,798
- From this org
- $282,798
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $248,574
- Bonus
- $0
- Other
- $34,224
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $282,798
-
Carlos A RivasCARLOS A RIVAS
E.V.P. CHIEF FINANCIAL OFF
- Total calculated
- $192,700
- From this org
- $192,700
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $192,700
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $192,700
-
Mary FellowsMARY FELLOWS
SVP/CAPITALIZATION DIRECTO
- Total calculated
- $165,200
- From this org
- $165,200
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $165,200
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $165,200
-
Cinzia KeeverCINZIA KEEVER
VP/CONSTRUCTION DRAW ADMI
- Total calculated
- $100,074
- From this org
- $100,074
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Mary ClarkMARY CLARK
VP CREDIT ANALYST AND UNDE
- Total calculated
- $100,810
- From this org
- $100,810
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Thais PepeTHAIS PEPE
VP/SENIOR LEADER
- Total calculated
- $144,000
- From this org
- $144,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
George RomagnoliGEORGE ROMAGNOLI
SVP/GOVERNMENT RELATIONS ADMINISTRATOR
- Total calculated
- $62,750
- From this org
- $62,750
- 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
- 2022
- Filed
- 29 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202400329349301400
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