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Nonprofiteer
← NHS NEIGHBORHOOD LENDING SERVICES

Form 990 for tax year 2022

Filed by NHS NEIGHBORHOOD LENDING SERVICES.

Totals

Total revenue
$6,415,630
Total expenses
$5,293,523
Contributions and grants received
$5,173,680
Grants paid
$0
Program service revenue
$1,209,324
Investment income
$0
Other revenue
$32,626
Total assets, end of year
$36,533,252
Total liabilities, end of year
$6,810,251
Net assets or fund balances, end of year
$29,723,001
Program services expenses (Part IX)
$4,819,500
Management and general expenses
$331,816
Fundraising expenses
$142,207
Program service expenses (Part III)
$4,819,500

Program services were 91.0% 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.

  • 1e · Government grants (contributions)

    $2,024,242

  • 1f · All other contributions, gifts and grants

    $3,149,438

  • 2a · Program service revenue: EDUCATION FEES

    total $444,164 · related or exempt $444,164

  • 2b · Program service revenue: INTERST ON LOANS RECEI

    total $410,928 · related or exempt $410,928

  • 2c · Program service revenue: LENDING FEES

    total $354,232 · related or exempt $354,232

  • 6a · Gross rents

    real property $67,776

  • 6b · Less rental expenses

    real property $35,150

  • 6c · Rental income or loss

    real property $32,626

  • 6d · Net rental income or loss

    total $32,626 · excluded $32,626

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $1,973,987 · program services $1,679,864 · management and general $205,887 · fundraising $88,236

  • 11b · Fees: legal

    total $4,830 · program services $4,110 · management and general $504 · fundraising $216

  • 11c · Fees: accounting

    total $23,000 · program services $19,573 · management and general $2,399 · fundraising $1,028

  • 11g · Fees: other

    total $188,310 · program services $160,249 · management and general $19,643 · fundraising $8,418

  • 12 · Advertising and promotion

    total $114,443 · program services $97,391 · management and general $11,936 · fundraising $5,116

  • 13 · Office expenses

    total $73,149 · program services $62,250 · management and general $7,629 · fundraising $3,270

  • 16 · Occupancy

    total $106,002 · program services $90,208 · management and general $11,056 · fundraising $4,738

  • 17 · Travel

    total $23,513 · program services $20,010 · management and general $2,452 · fundraising $1,051

  • 20 · Interest

    total $259,126 · program services $220,912 · management and general $26,750 · fundraising $11,464

  • 22 · Depreciation, depletion and amortization

    total $109,162 · program services $92,494 · management and general $11,668 · fundraising $5,000

  • 24a · Other expenses: NEIGHBORHOOD LIFT LOAN

    total $1,529,500 · program services $1,529,500

  • 24b · Other expenses: PROGRAM EXPENSE

    total $641,454 · program services $632,704 · management and general $6,125 · fundraising $2,625

  • 24c · Other expenses: SERVICE CHARGES AND OTH

    total $120,961 · program services $98,055 · management and general $16,034 · fundraising $6,872

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $65,538 · program services $60,655 · management and general $3,418 · fundraising $1,465

  • 24e · All other expenses

    total $60,548 · program services $51,525 · management and general $6,315 · fundraising $2,708

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,868,279 · end of year $90,145

  • 3 · Pledges and grants receivable

    beginning of year $2,093,340 · end of year $4,145,849

  • 4 · Accounts receivable

    beginning of year $444,660 · end of year $390,128

  • 7 · Other notes and loans receivable

    beginning of year $24,428,799 · end of year $24,891,485

  • 9 · Prepaid expenses and deferred charges

    beginning of year $27,503 · end of year $33,004

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

    $4,793,509

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

    $1,214,674

  • 10c · Land, buildings and equipment, net

    beginning of year $3,630,135 · end of year $3,578,835

  • 15 · Other assets

    beginning of year $3,165,958 · end of year $3,403,806

  • 17 · Accounts payable and accrued expenses

    beginning of year $606,617 · end of year $517,141

  • 19 · Deferred revenue

    beginning of year $832

  • 21 · Escrow or custodial account liability

    beginning of year $44,614 · end of year $39,530

  • 23 · Secured mortgages and notes payable

    beginning of year $2,839,485 · end of year $6,003,580

  • 24 · Unsecured notes and loans payable

    beginning of year $3,566,232

  • 25 · Other liabilities

    beginning of year $0 · end of year $250,000

  • 27 · Net assets without donor restrictions

    beginning of year $5,308,436 · end of year $6,221,022

  • 28 · Net assets with donor restrictions

    beginning of year $23,292,458 · end of year $23,501,979

Mission and programs · 2022

Mission

NHS NEIGHBORHOOD LENDING SERVICES INC. (NLS) MISSION IS TO SERVE AS A CATALYST FOR RESIDENTS, BUSINESS, AND GOVERNMENT REPRESENTATIVES TO WORK TOGETHER TO BUILD STRONGER NEIGHBORHOODS, IMPROVE THE QUALITY OF LIFE FOR LOW-TO-MODERATE INCOME FAMILIES AND TO REVITALIZE COMMUNITIES INTO NEIGHBORHOODS OF CHOICE. NLS STRENGTHENS COMMUNITIES BY DEVELOPING AND MAINTAIN QUALITY AFFORDABLE HOUSING, CREATING AND PRESERVING AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES, SUPPORTING LOCAL LEADERS, PROVIDING FINANCIAL EDUCATION AND INCREASING THE FINANCIAL INDEPENDENCE OF FAMILIES AND PEOPLE IN NEED.

  • NHS CONTINUES ITS COMMITMENT TO STRENGTHEN LOW TO MODERATE INCOME COMMUNITIES THROUGH THE DEVELOPMENT OF AFFORDABLE AND SUSTAINABLE HOMEOWNERSHIP OPPORTUNITIES, IN THIS FISCAL YEAR, NHS PROVIDED 2,248 MORTGAGE ASSISTANCE, 3,245 COUNSELING AND FINANCIAL LITERACY EDUCATION. NHS PROVIDED MORTGAGE ASSISTANCE, COUNSELING AND FINANCIAL LITERACY EDUCATION TO HOUSEHOLDS AND ASSISTED CLIENTS IN AVOIDING FORECLOSURE THROUGH HOME RETENTION/DISPOSITION OPTIONS. NHS ORIGINATED $48.05M AFFORDABLE LOANS FOR FAMILIES. NHS PROVIDED REINVESTMENT IN LOCAL NEIGHBORHOODS AND HOSTED EDUCATIONAL WORKSHOPS AND PARTICIPATED IN NEIGHBORHOOD-BASED EVENTS. THROUGH DIRECT EVENTS CONTACT, MEDIA, DIRECT MAIL AND ADVERTISING.

    Expenses $4,819,500 · Revenue $1,209,324

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • GLORIA TANG

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • RIGOBERTO REYES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • RON TURNER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • SAL MENDOZA

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • STEVE HERMAN

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • WARREN HARRIS

    BOARD MEMBER (UNTIL AUGUST 18, 2022)

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • ZEEDA DANIELE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • JAMES PRICE

    CONTROLLER & CFO

    Total calculated
    $142,520
    From this org
    $0
    From related orgs
    $122,538
    Other
    $19,982
    Hours/week
    14 + 26 related

  • LORI GAY

    PRESIDENT & CEO

    Total calculated
    $273,919
    From this org
    $0
    From related orgs
    $244,820
    Other
    $29,099
    Hours/week
    14 + 26 related

    Schedule J breakdown matched by us

    Base
    $0 + $244,820 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,065 related
    Nontaxable benefits
    $0 + $19,034 related
    Filer's total
    $0 + $273,919 related

  • JEAN PAUL VEEN

    VP & COO

    Total calculated
    $182,841
    From this org
    $0
    From related orgs
    $163,890
    Other
    $18,951
    Hours/week
    18 + 22 related

    Schedule J breakdown matched by us

    Base
    $0 + $157,890 related
    Bonus
    $0 + $6,000 related
    Other
    $0
    Deferred
    $0 + $6,704 related
    Nontaxable benefits
    $0 + $12,247 related
    Filer's total
    $0 + $182,841 related

  • KELLIE TODD GRIFFIN

    SENIOR VP & CAO

    Total calculated
    $133,522
    From this org
    $0
    From related orgs
    $128,545
    Other
    $4,977
    Hours/week
    14 + 26 related

  • KIMBERLEY WOODS

    AVP & SENIOR PROGRAM DIRECTOR

    Total calculated
    $125,455
    From this org
    $0
    From related orgs
    $122,736
    Other
    $2,719
    Hours/week
    14 + 26 related

  • RHONDA MCMILLAN

    VP & CCAO

    Total calculated
    $159,143
    From this org
    $0
    From related orgs
    $149,329
    Other
    $9,814
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $142,329 related
    Bonus
    $0 + $7,000 related
    Other
    $0
    Deferred
    $0 + $6,108 related
    Nontaxable benefits
    $0 + $3,706 related
    Filer's total
    $0 + $159,143 related

  • JUANITA JIMENEZ

    OPERATIONS MANGER

    Total calculated
    $125,065
    From this org
    $0
    From related orgs
    $114,158
    Other
    $10,907
    Hours/week
    16 + 24 related

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

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION IS DETERMINED BY THE PARENT ORGANIZATION, NHS, THROUGH THE USE OF DATA FROM COMPARABLE ORGANIZATIONS AND BOARD APPROVAL.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202441369349309194

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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