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Nonprofiteer
← NEIGHBORHOOD HOUSING SERVICES OF ORANGE COUNTY INC

Form 990 for tax year 2024

Filed by NEIGHBORHOOD HOUSING SERVICES OF ORANGE COUNTY INC.

Totals

Total revenue
$5,345,001
Total expenses
$3,650,446
Contributions and grants received
$2,551,260
Grants paid
$50,000
Program service revenue
$1,914,579
Investment income
$879,162
Other revenue
$0
Total assets, end of year
$38,542,517
Total liabilities, end of year
$9,817,654
Net assets or fund balances, end of year
$28,724,863
Program services expenses (Part IX)
$2,954,127
Management and general expenses
$571,485
Fundraising expenses
$124,834
Program service expenses (Part III)
$2,954,127

Program services were 80.9% 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)

    $580,000

  • 1f · All other contributions, gifts and grants

    $1,971,260

  • 2a · Program service revenue: RENTAL INCOME

    total $1,711,549 · related or exempt $1,711,549

  • 2b · Program service revenue: PROGRAM REVENUE

    total $203,030 · related or exempt $203,030

  • 3 · Investment income

    total $879,162 · excluded $879,162

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $50,000 · program services $50,000

  • 5 · Compensation of officers, directors and key employees

    total $507,368 · program services $338,622 · management and general $144,504 · fundraising $24,242

  • 7 · Other salaries and wages

    total $831,037 · program services $596,707 · management and general $200,936 · fundraising $33,394

  • 8 · Pension plan contributions

    total $38,720 · program services $24,865 · management and general $12,154 · fundraising $1,701

  • 9 · Other employee benefits

    total $75,848 · program services $54,839 · management and general $17,783 · fundraising $3,226

  • 10 · Payroll taxes

    total $86,397 · program services $59,337 · management and general $23,194 · fundraising $3,866

  • 11c · Fees: accounting

    total $3,080 · program services $770 · management and general $2,310

  • 11e · Fees: professional fundraising services

    total $30,112 · fundraising $30,112

  • 11g · Fees: other

    total $252,334 · program services $191,526 · management and general $41,608 · fundraising $19,200

  • 12 · Advertising and promotion

    total $88,069 · program services $57,245 · management and general $26,421 · fundraising $4,403

  • 13 · Office expenses

    total $197,777 · program services $128,751 · management and general $67,512 · fundraising $1,514

  • 16 · Occupancy

    total $126,532 · program services $126,532

  • 17 · Travel

    total $12,273 · program services $8,042 · management and general $3,627 · fundraising $604

  • 20 · Interest

    total $308,129 · program services $308,129

  • 22 · Depreciation, depletion and amortization

    total $296,075 · program services $290,106 · management and general $5,969

  • 23 · Insurance

    total $91,758 · program services $83,330 · management and general $8,080 · fundraising $348

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $306,764 · program services $307,059 · management and general -$295

  • 24b · Other expenses: PROVISION FOR LOAN LOSS

    total $208,867 · program services $208,867

  • 24c · Other expenses: TAXES AND LICENSES

    total $82,872 · program services $78,537 · management and general $4,335

  • 24d · Other expenses: OPERATING LEASE COSTS

    total $44,489 · program services $28,918 · management and general $13,347 · fundraising $2,224

  • 24e · All other expenses

    total $11,945 · program services $11,945

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $14,769,899 · end of year $15,153,145

  • 4 · Accounts receivable

    beginning of year $0 · end of year $290,776

  • 7 · Other notes and loans receivable

    beginning of year $13,931,161 · end of year $15,277,265

  • 9 · Prepaid expenses and deferred charges

    beginning of year $104,179 · end of year $78,153

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

    $14,720,163

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

    $7,080,870

  • 10c · Land, buildings and equipment, net

    beginning of year $7,891,894 · end of year $7,639,293

  • 15 · Other assets

    beginning of year $539,108 · end of year $103,885

  • 17 · Accounts payable and accrued expenses

    beginning of year $134,857 · end of year $648,407

  • 23 · Secured mortgages and notes payable

    beginning of year $8,856,187 · end of year $8,163,680

  • 25 · Other liabilities

    beginning of year $1,255,041 · end of year $1,005,567

  • 27 · Net assets without donor restrictions

    beginning of year $13,158,823 · end of year $18,348,527

  • 28 · Net assets with donor restrictions

    beginning of year $13,831,333 · end of year $10,376,336

Mission and programs · 2024

Mission

NEIGHBORWORKS ORANGE COUNTY EMPOWERS PEOPLE AND COMMUNITIES TO BUILD WEALTH THROUGH HOMEOWNERSHIP, FINANCIAL EDUCATION AND ACCESS TO AFFORDABLE HOMES.

  • AFFORDABLE MULTI-FAMILY APARTMENTS:NWOC AND ITS WHOLLY OWNED LIMITED LIABILITY COMPANIES OWN 100% INTEREST IN ENTITIES OWNING 100 UNITS IN RESIDENTIAL PROPERTY THAT RENT TO QUALIFIED LOW-INCOME RESIDENTS (GENERALLY HOUSEHOLDS EARNING 80% OR LESS OF THE AREA MEDIAN INCOME OF ORANGE COUNTY-AFFORDABLE HOUSING PROPERTIES). THESE PROPERTIES ARE SCATTERED SITE MULTIFAMILY APARTMENTS IN THE CITIES OF BREA, FULLERTON AND LA HABRA. ALL PROPERTIES ARE MANAGED BY A THIRD-PARTY MANAGEMENT COMPANY. OWNERSHIP OF THESE ENTITIES/PROPERTIES PROVIDE AFFORDABLE HOUSING TO UNDERSERVED HOUSEHOLDS, CONTRIBUTING TO ACHIEVEMENT OF NWOC'S MISSION.

    Expenses $1,549,143 · Grants $50,000 · Revenue $1,711,549

  • FINANCIAL EDUCATION AND COUNSELING:NWOC PROVIDES ONE-ON-ONE COUNSELING AND FINANCIAL EDUCATION WORKSHOPS IN CREDIT, BUDGETING AND BANKING TO PREPARE HOUSEHOLDS INTERESTED IN PURCHASING THEIR FIRST HOME. IN ADDITION, WE OFFER ONE-ON-ONE HOME RETENTION COUNSELING TO HOMEOWNERS, FACING DIFFICULTIES IN MAKING MORTGAGE PAYMENTS AS WELL AS TO SENIORS WISHING TO AGE IN PLACE. THESE SERVICES ARE OFFERED EITHER FREE OF CHARGE OR AT COSTS BELOW MARKET AND ACCOMPLISH THE ORGANIZATION'S MISSION OF SERVING UNDERSERVED HOUSEHOLDS AND PROVIDING FINANCIAL EDUCATION AND COUNSELING TO LOW- AND MODERATE-INCOME HOUSEHOLDS.

    Expenses $776,085 · Revenue $56,384

  • LENDING:NWOC IS LICENSED BY THE DEPARTMENT OF REAL ESTATE, EMPLOYING REALTORS LICENSED BY THE DRE AND MORTGAGE LOAN OFFICERS LICENSED BY THE NATIONAL MORTGAGE LENDING SERVICE. AS A MORTGAGE BROKER, WE PROVIDE PRODUCTS FOR HOME PURCHASE BY FIRST-TIME LOW- AND MODERATE INCOME (LMI) HOMEBUYERS AND LOANS TO SENIORS WISHING TO AGE IN PLACE. AS A LENDER, WE PROVIDE FUNDING FOR FIRST TIME, LMI HOUSEHOLDS REQUIRING DOWN PAYMENT OR CLOSING COST ASSISTANCE AT BELOW MARKET RATES WITH PAYMENT FLEXIBILITY. NWOC PROVIDES DEVELOPERS WITH LOW-RATE, FLEXIBLE TERM ACQUISITION, PREDEVELOPMENT AND CONSTRUCTION FINANCING FOR THE DEVELOPMENT OF AFFORDABLE FOR SALE AND FOR RENT HOUSING. NWOC'S LENDING PRODUCTS SPEAK TO OUR MISSION BY PROVIDING RESPONSIBLE AFFORDABLE FINANCIAL PRODUCTS.

    Expenses $628,899 · Revenue $146,646

As filed on the 2024 return.

Listed in Part VII

  • Helen O'Sullivan

    PRESIDENT/CEO

    Total calculated
    $219,500
    From this org
    $192,748
    From related orgs
    $0
    Other
    $26,752
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $183,598
    Bonus
    $9,150
    Other
    $0
    Deferred
    $9,741
    Nontaxable benefits
    $17,011
    Filer's total
    $219,500

  • Martin P Sanchez

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    0.31 + 0.31 related

  • Tammy Mahoney

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.31 + 0.31 related

  • Daisy Perez

    TREASURER

    Total calculated
    $0
    Hours/week
    0.31 + 0.31 related

  • Andy Lamb

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.31 + 0.31 related

  • Lisa Brooks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.12 + 0.12 related

  • Nora Mendez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.12 + 0.12 related

  • Cesar Covarrubias

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.12 + 0.12 related

  • Joseph Singh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.12 + 0.12 related

  • Rose Espinosa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.12 + 0.12 related

  • Jay Lukes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.12 + 0.12 related

  • Sinan Kanatsiz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.12 + 0.12 related

  • Shantae Bennet

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.12 + 0.12 related

  • Amita Mehta

    SVP FINANCE & ADMINISTRATION

    Total calculated
    $158,868
    From this org
    $135,615
    From related orgs
    $0
    Other
    $23,253
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,765
    Bonus
    $6,850
    Other
    $0
    Deferred
    $6,867
    Nontaxable benefits
    $16,386
    Filer's total
    $158,868

  • Brenda Magana

    VP OPERATIONS

    Total calculated
    $106,496
    From this org
    $100,616
    From related orgs
    $0
    Other
    $5,880
    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

  • 3 · Approval by the board or compensation committee

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

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.

  • LEMON TOWN HOMES ASSOCIATION

    528 · HOME OWNERS ASSOCIATION · CA · controlled entity

    Directly controlled by NEIGHBORHOOD HOUSING SERVICES

  • ORANGE COUNTY HOUSING TRUST INC

    501(C)(3) · FINANCE WORKFORCE AND AFFORDABLE HOUSING · CA · controlled entity

    Directly controlled by NEIGHBORHOOD HOUSING SERVICES

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

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

  • NHSOC HOMES 1 LLC

    TO HOLD LEGAL TITLE TO PROPERTY FOR USE IN FURTHERANCE · CA · income $759,571 · assets $3,717,369

    Directly controlled by NEIGHBORHOOD HOUSING SERVICES

  • NHSOC-GARNET LLC

    TO HOLD LEGAL TITLE TO PROPERTY FOR USE IN FURTHERANCE · CA · income $293,373 · assets $1,176,039

    Directly controlled by NEIGHBORHOOD HOUSING SERVICES

Provenance

Return type
form_990
Tax year
2024
Filed
1 April 2026
IRS schema version
2024v5.5
Source object
202620929349301412

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