Form 990 for tax year 2022
Filed by NEIGHBORHOOD HOUSING SERVICES OF THE LEHIGH VALLEY INC.
Totals
- Total revenue
- $86,685
- Total expenses
- $102,279
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $40,522
- Investment income
- $46,000
- Other revenue
- $163
- Total assets, end of year
- $783,707
- Total liabilities, end of year
- $490,974
- Net assets or fund balances, end of year
- $292,733
- Program services expenses (Part IX)
- $99,715
- Management and general expenses
- $1,709
- Fundraising expenses
- $855
- Program service expenses (Part III)
- $99,715
Program services were 97.5% 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.
-
2a · Program service revenue: MORTGAGE INTEREST
total $30,686 · related or exempt $30,686
-
2b · Program service revenue: FEE REVENUE
total $9,836 · related or exempt $9,836
-
7a · Gross sales of assets other than inventory
other assets $46,000
-
7b · Less cost or other basis and sales expenses
other assets $0
-
7c · Gain or loss
other assets $46,000
-
7d · Net gain or loss
total $46,000 · excluded $46,000
-
11a · Other revenue: MISCELLANEOUS
total $163 · related or exempt $163
-
11e · Other revenue, total
$163
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $600 · program services $510 · management and general $60 · fundraising $30
-
11c · Fees: accounting
total $6,535 · program services $5,555 · management and general $654 · fundraising $326
-
11g · Fees: other
total $45 · program services $38 · management and general $4 · fundraising $3
-
13 · Office expenses
total $646 · program services $549 · management and general $64 · fundraising $33
-
14 · Information technology
total $67 · program services $57 · management and general $7 · fundraising $3
-
16 · Occupancy
total $2,922 · program services $2,484 · management and general $292 · fundraising $146
-
22 · Depreciation, depletion and amortization
total $2,040 · program services $1,734 · management and general $204 · fundraising $102
-
23 · Insurance
total $1,381 · program services $1,174 · management and general $138 · fundraising $69
-
24a · Other expenses: FORECLOSURE LOSS/EXPENS
total $83,838 · program services $83,838
-
24b · Other expenses: EQUIPMENT MAINTENANCE
total $2,859 · program services $2,430 · management and general $286 · fundraising $143
-
24c · Other expenses: MORTGAGE PROCESSING
total $712 · program services $712
-
24d · Other expenses: HOME OWNERSHIP ASSISTAN
total $574 · program services $574
-
24e · All other expenses
total $60 · program services $60
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $63,958 · end of year $216,606
-
4 · Accounts receivable
end of year $6,565
-
7 · Other notes and loans receivable
beginning of year $809,150 · end of year $560,536
-
9 · Prepaid expenses and deferred charges
beginning of year $832
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10c · Land, buildings and equipment, net
beginning of year $48,563
-
17 · Accounts payable and accrued expenses
beginning of year $5,820 · end of year $4,794
-
19 · Deferred revenue
beginning of year $4,265 · end of year $10,836
-
25 · Other liabilities
beginning of year $604,091 · end of year $475,344
-
27 · Net assets without donor restrictions
beginning of year -$88,931 · end of year -$104,525
-
28 · Net assets with donor restrictions
beginning of year $397,258 · end of year $397,258
Mission and programs · 2022
Mission
TO INCREASE THE FINANCIAL STABILITY OF FAMILIES AND INDIVIDUALS BY PROVIDING PROGRAMS AND SERVICES THAT CREATE AND PRESERVE OPPORTUNITIES FOR HOMEOWNERSHIP AND DECENT, SAFE AND AFFORDABLE HOUSING.
Activities or mission (Part I)
TO FACILITATE AND PROVIDE AFFORDABLE HOUSING PROGRAMS AND INITIATIVES FOR ALL PEOPLE
-
AFFORDABLE HOUSING AND HOME OWNERSHIP PROGRAM: NHS OF THE LEHIGH VALLEY DISTRIBUTES PROGRAM INFORMATION AND ADMINISTERS THE HOME OWNERSHIP OUTREACH PROGRAM (HOOP) IN THE CITY OF ALLENTOWN, CITY OF BETHLEHEM, CITY OF EASTON, AND LEHIGH AND NORTHAMPTON COUNTY. THE STAFF QUALIFIES APPLICANTS FOR THIS HOMEBUYER MORTGAGE PROGRAM. NHS OF THE LEHIGH VALLEY FACILITATES AND ORIGINATES SOFT SECOND AND/OR THIRD LEINS AGAINST THE PROPERTY TO SECURE THE REPAYABLE LOAN AND/OR THE FORGIVABLE LOAN IN THE CITY OF ALLENTOWN AND LEHIGH COUNTY. THESE FUNDS ARE USED SPECIFICALLY TO ASSIST WITH DOWN PAYMENT AND CLOSING COSTS FOR FIRST TIME HOMEBUYERS THAT FALL WITHIN THE APPROVED LOW-TO-MODERATE HUD INCOME GUIDELINES. 2022 PROGRAM ACCOMPLISHMENTS: WE ADMINISTERED 1 FORGIVABLE LOAN FOR A TOTAL OF $2,800 FOR FIRST-TIME HOME-BUYERS PURCHASING HOMES IN THE CITY OF ALLENTOWN OR LEHIGH COUNTY. OUR TOTAL LOAN PORTFOLIO REMAINED STRONG RELATIVE TO THE NATIONAL ECONOMY DESPITE THE LARGE NUMBER OF PAST DUE LOANS. 6 LOANS WERE PAST DUE AS OF DECEMBER 31, 2022 OUT OF A TOTAL PORTFOLIO OF 102 LOANS.
Expenses $99,715 · Revenue $40,522
-
FINANCIAL COUNSELING AND EDUCATION SERVICES: NHS OF THE LEHIGH VALLEY PROVIDES FINANCIAL COUNSELING AND/OR REFERRALS FOR CONSUMERS WITH BUDGET, CREDIT, OR HOME OWNERSHIP NEEDS. INFORMATION IS PROVIDED ON THE VARIETY OF LOAN PROGRAMS AVAILABLE THROUGH LOCAL MUNICIPALITIES AND OTHER AGENCIES. CREDIT COUNSELING IS OFFERED TO ALL RESIDENTS WITHIN THE LEHIGH VALLEY. OTHER EDUCATIONAL NEEDS ARE REFERRED TO APPROPRIATE SOCIAL SERVICE AGENCIES.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Marisol TorresMARISOL TORRES
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5 + 5 related
-
Frank DimaioFRANK DIMAIO
DIRECTOR AS OF MAY 2022
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Beth Bowers EsquireBETH BOWERS ESQUIRE
SECRETARY
- Total calculated
- $0
- Hours/week
- 5 + 5 related
-
Turie SotzinTURIE SOTZIN
TREASURER
- Total calculated
- $0
- Hours/week
- 5 + 5 related
-
Glenn KeyGLENN KEY
AT LARGE MEMBER
- Total calculated
- $0
- Hours/week
- 5 + 5 related
-
John SchmoyerJOHN SCHMOYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Pamela ShenkPAMELA SHENK
DIRECTOR THRU APRIL 2022
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Edgar CortezEDGAR CORTEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Erika HoffmanERIKA HOFFMAN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 5 + 5 related
-
Erica WennellERICA WENNELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Vicki IdeVICKI IDE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Judy Vas KorlisJUDY VAS KORLIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Aaron BoothAARON BOOTH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dr Joseph AmpryDR JOSEPH AMPRY
DIRECTOR THRU APRIL 2022
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Juan ZabalaJUAN ZABALA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Marlene BoydMARLENE BOYD
DIRECTOR THRU APRIL 2022
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Frank DenbowskiFRANK DENBOWSKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Lucy CortezLUCY CORTEZ
DIRECTOR EMERITUS THRU APRIL 2022
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Raquel J CapellanRAQUEL J CAPELLAN
DIRECTOR AS OF MAY 2022
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Stephen GieringerSTEPHEN GIERINGER
CEO, ASSISTANT TREASURER
- Total calculated
- $155,070
- From this org
- $0
- From related orgs
- $132,874
- Other
- $22,196
- Hours/week
- 20 + 20 related
Schedule J breakdown matched by us
- Base
- $0 + $132,874 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $22,196 related
- Filer's total
- $0 + $155,070 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 1A
- NEIGHBORHOOD HOUSING SERVICES OF GREATER BERKS, INC. USES COMPARISON TO SIMILAR ORGANIZATIONS' 990S AND APPROVAL FROM THE BOARD TO DETERMINE THE EXECUTIVE DIRECTOR'S COMPENSATION.
- PART I, LINE 3
- NEIGHBORHOOD HOUSING SERVICES OF GREATER BERKS, INC. USES COMPARISON TO SIMILAR ORGANIZATIONS' 990S AND APPROVAL FROM THE BOARD TO DETERMINE THE EXECUTIVE DIRECTOR'S COMPENSATION.
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.
-
NEIGHBORHOOD HOUSING SERVICES OF GREATER BERKS INC
501(C)(3) · FACILITATE AND PROVIDE AFFORDABLE HOUSING PROGRAMS AND INITIATIVES · PA
-
PENNSYLVANIA HOME LENDING COLLABORATIVE INC
501(C)(3) · PROVIDE AFFORABLE FINANCIAL ASSISTANCE FOR HOMEOWNERS · PA
Directly controlled by NEIGHBORHOOD HOUSING SERVICES OF GREATER BERKS INC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 27 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202342719349300949
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