2023-05-09T09:05:49-05:00 2022-12-31 221478099 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2022-01-01 841542593 NEIGHBORWORKS CAPITAL CORPORATION NEIG 2408211651 8484 GEORGIA AVE SUITE 330 SILVER SPRING MD 20910 JAMES PEFFLEY CHIEF EXECUTIVE OFFICER 2408211651 2023-05-08 1 JAMES PEFFLEY 999009999 0 LAURA KIELCZEWSKI P00740769 3016529100 2023-05-05 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JAMES PEFFLEY 8484 GEORGIA AVE SUITE 330 SILVER SPRING MD 20910 8857507 0 X WWW.NEIGHBORWORKSCAPITAL.ORG X 2000 CO NEIGHBORWORKS CAPITAL DELIVERS THE FLEXIBLE CAPITAL NEEDED BY NEIGHBORWORKS AMERICA AFFILIATES TO PROVIDE AFFORDABLE HOMES AND STRENGTHEN COMMUNITIES. 10 10 18 10 0 0 4330265 3714496 5759296 4959021 20753 33856 177196 150134 10287510 8857507 0 0 0 0 2215407 2694168 0 0 338441 2553936 2296893 4769343 4991061 5518167 3866446 106804353 108230565 55405245 52965011 51399108 55265554 NEIGHBORWORKS CAPITAL DELIVERS THE FLEXIBLE CAPITAL NEEDED BY NEIGHBORWORKS AMERICA AFFILIATES TO PROVIDE AFFORDABLE HOMES AND STRENGTHEN COMMUNITIES. 0 0 4074517 5109155 PROVIDING FINANCING FOR THE ACQUISITION, DEVELOPMENT, AND REHABILITATION OF AFFORDABLE HOMES FOR SALE, RENTAL AND COMMERCIAL PROJECTS. 4074517 1 1 0 0 0 0 0 0 1 0 1 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 35 0 1 18 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JAMES PEFFLEY 2408211651 8484 GEORGIA AVE SUITE 330 SILVER SPRING MD 20910 CAROLINE HORTON TREASURER 1.00 X X 0 0 0 CHARLOTTE CROW DIRECTOR 1.00 X 0 0 0 FRED DODSON DIRECTOR 1.00 X 0 0 0 GRACE CHIONUMA DIRECTOR 1.00 X 0 0 0 JEANNE PINADO PRESIDENT 1.00 X X 0 0 0 JEFF REED DIRECTOR 1.00 X 0 0 0 MEGAN TEARE DIRECTOR 1.00 X 0 0 0 MICHAEL CARROLL DIRECTOR 1.00 X 0 0 0 PETER DALY DIRECTOR 1.00 X 0 0 0 ROSA RIOS VALDEZ VP & SECRETARY 1.00 X X 0 0 0 DANA MOORE CFO 22.50 X 211105 0 12666 JAMES FERRIS CEO - OUTGOING 38.00 X 248393 0 28904 JAMES PEFFLEY CEO - INCOMING 38.00 X 98640 0 0 ELIZABETH O'LEARY CHIEF PORTFOLIO OFFICER 38.00 X 206416 0 12385 STEPHEN PEELOR CHIEF LOAN OFFICER 38.00 X 205988 0 42875 ADAM COILE SENIOR PORTFOLIO MANAGER 38.00 X 144665 0 33099 BRENT BOZMAN CONTROLLER 38.00 X 130731 0 7957 MAYA DICKENS LOAN CLOSING MANAGER 38.00 X 109053 0 19338 MICHAEL HAAS SENIOR LOAN OFFICER 38.00 X 127888 0 19439 LANIE WASSERMAN SENIOR LOAN OFFICER 38.00 X 133183 0 28224 1616062 0 204887 9 0 1 0 KLEIN HORNIG 101 ARCH STREET SUITE 1101 BOSTON MA 02110 LEGAL SERVICES 120083 1 589496 3125000 3714496 LOAN INTEREST 531390 4401876 4401876 LOAN FEES 531390 550909 550909 LOAN SERVICE FEE 531390 6236 6236 4959021 33856 33856 RECOVERY OF LOAN LOSS 531390 150134 150134 150134 8857507 5109155 0 33856 1067372 779615 185146 102611 1249908 912941 216809 120158 70425 51439 12216 6770 150371 109832 26083 14456 156092 114011 27076 15005 16281 11850 1956 2475 66548 48438 7994 10116 54105 39381 6499 8225 186780 135951 22435 28394 58962 53066 5896 54219 46990 4928 2301 146125 116900 21919 7306 86855 73827 4343 8685 30960 26316 4644 1275697 1275697 40686 30515 8137 2034 37361 31757 3736 1868 REPAIRS AND MAINTENANCE 173869 156482 15648 1739 DUES 15110 13599 1511 0 STAFF DEVELOPMENT 8041 6835 804 402 SERVICE FEE EXPENSE 3831 3831 0 0 41463 35244 6219 4991061 4074517 578103 338441 3506759 3808198 5800940 9053607 19606 75246 56944 80327 231243 183522 73626 47721 528356 529544 96575770 93841311 561499 242352 233112 106804353 108230565 471566 1059247 110783 2566402 54822896 49339362 55405245 52965011 X 25033425 28899871 26365683 26365683 51399108 55265554 106804353 108230565 3866446 0 X 0 1 X 1 1 1 X 2315000 2475000 2500000 4330265 3714496 15334761 2315000 2475000 2500000 4330265 3714496 15334761 15334761 13258 49849 41522 16747 33856 155232 501 125 177196 150133 327955 15817948 26132463 0.96950 0.98000 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2018 AMOUNT: $ 501. 2019 AMOUNT: $ 125. RECOVERY OF LOAN LOSS - 2021 AMOUNT: $ 177,196. 2022 AMOUNT: $ 150,133. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 10144 7164 2980 100788 87766 13022 120311 88592 31719 47721 LOANS RECEIVABLE 93841311 F 93841311 X 8707373 0 8707373 150134 150134 8857507 4840927 -150134 -150134 4991061 0 4991061 PART IV, LINE 2B: THE ESCROW CASH ACCOUNTS ARE RESTRICTED CASH ACCOUNTS REPRESENTING RESERVE ACCOUNTS HELD FOR BORROWERS AND INTENDED FOR SPECIFIC PURPOSES AND ASSOCIATED WITH PERMANENT LOANS EXTENDED TO BORROWERS. RESERVES INCLUDE I) REPAIR AND REPLACEMENT RESERVES DESIGNATED FOR CAPITAL IMPROVEMENTS AS WELL AS II) INTEREST/OPERATING RESERVES. PART X, LINE 2: THE ORGANIZATION HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. DUE TO ITS TAX-EXEMPT STATUS, THE ORGANIZATION IS NOT SUBJECT TO INCOME TAXES. THE ORGANIZATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES, AND THE ORGANIZATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. TAX RETURNS FILED BY THE ORGANIZATION ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO TAX RETURNS OF THE ORGANIZATION ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX RETURNS FILED SINCE 2019 REMAIN OPEN FOR EXAMINATION. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECOVERY OF LOAN LOSS 150,134. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECOVERY OF LOAN LOSS -150,134. X X 0 0 0 0 0 0 0 1 0 JAMES FERRIS CEO - OUTGOING 218856 0 26520 0 3017 0 15131 0 13773 0 277297 0 0 0 STEPHEN PEELOR CHIEF LOAN OFFICER 190001 0 15050 0 937 0 11736 0 31139 0 248863 0 0 0 DANA MOORE CFO 192850 0 16529 0 1726 0 12666 0 0 0 223771 0 0 0 ELIZABETH O'LEARY CHIEF PORTFOLIO OFFICER 189280 0 14560 0 2576 0 12385 0 0 0 218801 0 0 0 ADAM COILE SENIOR PORTFOLIO MANAGER 133365 0 11055 0 245 0 8969 0 24130 0 177764 0 0 0 LANIE WASSERMAN SENIOR LOAN OFFICER 131287 0 1500 0 396 0 8214 0 20010 0 161407 0 0 0 PART I, LINE 7 PERSONS LISTED RECEIVED ANNUAL PERFORMANCE REVIEW BONUSES BASED ON INDIVIDUAL GOAL ACHIEVEMENT. FORM 990, PART VI, SECTION B, LINE 11B UPON RECEIPT OF THE DRAFT 990, THE FINANCE COMMITTEE, CONSISTING OF AT LEAST ONE FINANCE PROFESSIONAL, REVIEWS THE 990 FOR ACCURACY. THE FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF THE GOVERNING BODY PRIOR TO ITS SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ENFORCES A DUTY TO DISCLOSE THAT IN ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS, WHEREUPON A DETERMINATION IS MADE REGARDING WHETHER A CONFLICT OF INTEREST EXISTS BY THE BOARD OR COMMITTEE ONCE THIS DISCLOSURE IS MADE. A WRITTEN AND SIGNED ANNUAL STATEMENT IS REQUIRED OF EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS. PERIODIC REVIEWS ARE CONDUCTED OF THESE ANNUAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY THE CHAIR OF THE NEIGHBORWORKS CAPITAL BOARD OF DIRECTORS GAINS FEEDBACK FROM THE DIRECTORS ON CEO PERFORMANCE AND CONDUCTS AN ANNUAL WRITTEN REVIEW OF THE CEO. IN ADDITION, IT DETERMINES ANY BONUS EARNED AND APPROVES CEO COMPENSATION FOR THE UPCOMING CALENDAR YEAR. COMPENSATION INFORMATION USED BY THE BOARD INCLUDES A COMPENSATION SURVEY DONE BY NEIGHBORWORKS CAPITAL'S NATIONAL TRADE ASSOCIATION, OPPORTUNITY FINANCE NETWORK (OFN), AS WELL AS AN EXECUTIVE COMPENSATION REVIEW BY QUATT ASSOCIATES. THIS INCLUDES THE SALARIES OF THE SENIOR MANAGEMENT TEAM IN ADDITION TO THE CEO. THE CEO USES THE QUATT INFORMATION AS A GUIDE FOR THE SENIOR MANAGEMENT COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC ON NEIGHBORWORKS CAPITAL'S WEBSITE. NC PL LLC 8484 GEORGIA AVE SUITE 330 SILVER SPRING MD 20910 MD 0 0 NEIGHBORWORKS CAPITAL CORP