2023-08-11T09:16:17-05:00 2023-03-31 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2022-04-01 363471392 NEIGHBORHOOD LENDING SERVICES INC NEIG 7733294144 1279 N MILWAUKEE AVENUE CHICAGO IL 60622 DWAYNE SHIPP DIRECTOR OF FINANCE 7733294144 2023-07-28 1 DWAYNE SHIPP 999009999 0 KIMBERLY A HAUMANN P00546491 3122071040 2023-07-28 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DWAYNE SHIPP 1279 N MILWAUKEE AVENUE CHICAGO IL 60622 2840462 0 X WWW.NHSCHICAGO.ORG X 1987 IL REVITALIZE UNDERSERVED CHICAGO NEIGHBORHOODS BY ORIGINATING AFFORDABLE FIXED-RATE MORTGAGE LOANS FOR LOW- AND MODERATE-INCOME BORROWERS THROUGHOUT CHICAGO, KANE COUNTY, AND SOUTH SUBURBAN COOK COUNTY. 7 7 0 7 0 0 100000 420000 4806140 2345861 0 0 6684 74601 4912824 2840462 1352145 0 0 0 1808267 1925725 0 0 0 1730699 1638766 4891111 3564491 21713 -724029 30819021 24089231 18298942 12293181 12520079 11796050 X THE PURPOSES FOR WHICH NLS WAS ORGANIZED WERE: (I) TO RECEIVE, ADMINISTER AND DISBURSE FUNDS EXCLUSIVELY FOR SCIENTIFIC, EDUCATIONAL, AND CHARITABLE PURPOSES WITHOUT PECUNIARY GAIN TO ITS MEMBERS; (II) TO MAKE LOANS FOR THE BENEFIT OF PERSONS OF LOW-MODERATE INCOME WHO RESIDE PRIMARILY IN TARGETED NEIGHBORHOODS FOR IMPROVEMENTS TO THEIR RESIDENCY;(III) TO STEM OR OTHERWISE PREVENT DETERIORATION OF EXISTING HOUSING STOCK IN TARGETED NEIGHBORHOODS;(IV) TO PROVIDE IMPROVED HOUSING OPPORTUNITIES FOR PERSONS OF LOW- AND MODERATE-INCOME. 0 0 2625885 2420462 NEIGHBORHOOD LENDING SERVICES, INC. (NLS) IS AN ILLINOIS RESIDENTIAL MORTGAGE LICENSE (#M000661) AND AN EQUAL OPPORTUNITY HOUSING LENDER, INCORPORATED IN 1987 TO PROVIDE AFFORDABLE FINANCING FOR HOME PURCHASE, HOME IMPROVEMENTS OR REFINANCE LOANS TO HELP BORROWERS BUY, FIX, AND KEEP THEIR HOMES. NLS ORIGINATES AFFORDABLE FIXED-RATE LOANS FOR BORROWERS IN THE CITY OF CHICAGO AND SOUTH SUBURBAN COOK COUNTY. NLS OFFERS FIRST MORTGAGES FOR HOME PURCHASE, PURCHASE-REHAB, REFINANCE AND REFINANCE-REHAB AND HOME IMPROVEMENT. THROUGH ITS PARTNERSHIPS WITH THE CITY OF CHICAGO, NLS ALSO OFFERS FORGIVABLE AND DEFERRED LOANS IN TANDEM WITH OTHER NLS LOAN PRODUCTS. THE MAJORITY OF OUR LOANS AND GRANTS WENT TO LOW-MODERATE INCOME NEIGHBORHOODS IN CHICAGO AND SOUTH SUBURBAN COOK COUNTY. 2625885 1 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 56 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X DWAYNE SHIPP 7733294144 1279 N MILWAUKEE AVENUE CHICAGO IL 60622 ROBERT TUCKER PRESIDENT 5.00 X X 0 0 0 THOMAS FITZGIBBON JR SECRETARY 5.00 X X 0 0 0 MANUEL JIMENEZ VICE PRESIDENT 5.00 X 0 0 0 FARUK DAUDBASIC DIRECTOR 5.00 X 0 0 0 BRUCE MARTIN DIRECTOR 1.00 4.00 X 0 0 0 ARTHUR NEVILLE DIRECTOR 5.00 X 0 0 0 KAREN THOMAS DIRECTOR 5.00 X 0 0 0 ANTHONY SIMPKINS CHIEF EXECUTIVE OFFICER 10.00 25.00 X 0 219714 28032 DONNA CLARKE CHIEF OPERATING OFFICER 10.00 25.00 X 0 159575 8961 DWAYNE SHIPP DIRECTOR OF FINANCE 10.00 25.00 X 0 115784 15914 ROBIN COFFEY CHIEF CREDIT OFFICER 30.00 5.00 X 0 111106 17319 0 606179 70226 0 0 1 0 ROUNDPOINT MORTGAGE SERVICING CORP BOX 19409 CHARLOTTE NC 28219 MORTGAGE SERVICING 466429 1 420000 420000 CONTRACTUAL SERVICES 531390 1760094 1760094 SERVICING FEES 531390 585767 585767 2345861 OTHER 900099 74601 74601 74601 2840462 2420462 0 0 1559752 1537380 22372 227330 224310 3020 138643 136406 2237 128572 128572 16500 16500 6132 6041 91 43635 43635 MANAGEMENT AND GENERAL 737863 737863 LOAN ORIGINATION AND SE 697081 697081 OTHER 27951 27951 MORTGAGE ASSISTANCE -18968 -18968 3564491 2625885 938606 0 4160095 2654449 4957799 1272101 13669728 7415637 780 0 8030619 12747044 30819021 24089231 1199028 1057980 7157516 7678301 3000000 0 6448623 3063125 493775 493775 18298942 12293181 X 8822123 7956873 3697956 3839177 12520079 11796050 30819021 24089231 -724029 0 X 0 1 X 1 1 1 X 454902 350000 355000 100000 420000 1679902 454902 350000 355000 100000 420000 1679902 1679902 28 28 140329 8983 149312 1829242 21612688 0.91840 0.42630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 81710223 76243688 81710223 76243688 0 0 SERVICING ADVANCES 710178 CUSTODIAL CASH 5493775 DUE FROM AFFILIATES 6543091 12747044 LOSS RESERVE LIABILITY 493775 493775 2840462 0 2840462 0 2840462 3564491 0 3564491 0 3564491 PART IV, LINE 2B: NLS IS THE SERVICER OF MORTGAGE LOANS UNDER CERTAIN PARTICIPATION, SALE, AND SERVICING AGREEMENTS WITH VARIOUS FINANCIAL INSTITUTIONS. 0 0 0 0 0 0 0 0 0 ANTHONY SIMPKINS CHIEF EXECUTIVE OFFICER 0 219714 0 0 0 0 0 28032 0 0 0 247746 0 0 DONNA CLARKE CHIEF OPERATING OFFICER 0 159575 0 0 0 0 0 8961 0 0 0 168536 0 0 PART I, LINE 3 COMPENSATION OF THE PRESIDENT IS DETERMINED BY A RELATED ORGANIZATION, NEIGHBORHOOD HOUSING SERVICES OF CHICAGO, INC. (NHS). NHS USES THE FOLLOWING METHODS TO DETERMINE COMPENSATION: COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION A, LINE 6 NEIGHBORHOOD LENDING SERVICES, INC. IS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION IN WHICH NEIGHBORHOOD HOUSING SERVICES OF CHICAGO, INC., A RELATED TAX-EXEMPT ORGANIZATION, IS THE SOLE CORPORATE MEMBER. FORM 990, PART VI, SECTION A, LINE 7A AS THE ORGANIZATION'S SOLE CORPORATE MEMBER, NEIGHBORHOOD HOUSING SERVICES OF CHICAGO, INC. HOLDS ALL VOTING RIGHTS WITH RESPECT TO NEIGHBORHOOD LENDING SERVICES, INC. THESE RIGHTS INCLUDE THE RIGHT TO ELECT DIRECTORS OF THE CORPORATION AND AMEND THE ARTICLES OF THE INCORPORATION. FORM 990, PART VI, SECTION A, LINE 7B SEE NARRATIVE FOR FORM 990, PART VI, LINE 7A FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FINANCE DEPARTMENT AND PAID TAX PREPARERS ARE RESPONSIBLE FOR THE PREPARATION OF THE FORM 990 AND ALL REQUIRED SCHEDULES. THE FORM 990 IS REVIEWED BY MANAGEMENT AND AN ELECTRONIC COPY IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ALL PERSONNEL AND BOARD MEMBERS TO SIGN A CONFLICT OF INTEREST AFFIDAVIT ON AN ANNUAL BASIS. THE PRESIDENT OF THE BOARD OF DIRECTORS WILL DETERMINE THE APPROPRIATE COURSE OF ACTION FOR ALL POTENTIAL OR ACTUAL CONFLICTS OF INTEREST THAT MAY EXIST INVOLVING A BOARD MEMBER. IN THE INSTANCE THAT A POTENTIAL CONFLICT OF INTEREST ARISES WITH A BOARD MEMBER ON AN ISSUE REQUIRING A VOTE, THE BOARD MEMBER IS REQUIRED TO DISCLOSE THE CONFLICT, AND ABSTAIN FROM VOTING, AND MAY BE REQUIRED BY THE PRESIDENT OF THE BOARD TO LEAVE THE ROOM DURING THE VOTE. THE PRESIDENT WILL DETERMINE THE APPROPRIATE COURSE OF ACTION FOR ALL POTENTIAL CONFLICTS OF INTEREST INVOLVING THE ORGANIZATION'S EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR ALL OFFICERS IS SUBJECT TO A COMPARABILITY REVIEW BY THE HUMAN RESOURCE DIRECTOR AND DOCUMENTED ON A TIMELY BASIS. SALARY RANGES ON ALL POSITION CLASSIFICATIONS ARE REVIEWED BI-ANNUALLY BY THE HUMAN RESOURCES DIRECTOR. THE SALARY OF THE TOP MANAGEMENT OFFICIAL IS REVIEWED AND APPROVED BY INDEPENDENT BOARD OF DIRECTORS ON AN ANNUAL BASIS DURING THE ORGANIZATION'S ANNUAL BUDGETING PROCESS. THE COMPENSATION FOR THE ORGANIZATION'S OTHER OFFICERS IS REVIEWED AND APPROVED BY THE PRESIDENT. THE PRESIDENT SIGNS A HIRING APPROVAL FORM FOR NEW HIRES TO APPROVE A NEW POSITION'S SALARY. A PAYROLL CHANGE FORM IS ALSO COMPLETED FOR NEW POSITIONS TO ENSURE THE EMPLOYEE IS ESTABLISHED IN THE PAYROLL PROCESSING SYSTEM ON A TIMELY BASIS. MERIT INCREASES FOR OTHER OFFICERS AND KEY EMPLOYEES ARE APPROVED BY THE EXECUTIVE DIRECTOR BY SIGNING A PAYROLL CHANGE FORM. THE DELIBERATIONS AND DECISION MAKING REGARDING THE DETERMINATION OF COMPENSATION ARE DOCUMENTED ON A TIMELY BASIS BY THE HUMAN RESOURCES DEPARTMENT. DWAYNE SHIPP, ANTHONY SIMPKINS, AND DONNA CLARKE DEVOTE THE FOLLOWING HOURS PER WEEK TO THE RELATED TAX-EXEMPT ORGANIZATIONS LISTED BELOW: 20 HOURS TO NEIGHBORHOOD HOUSING SERVICES OF CHICAGO, INC. (NHS) 10 HOURS TO NEIGHBORHOOD LENDING SERVICES, INC. (NLS) 5 HOURS TO NHS REDEVELOPMENT CORPORATION (NHSRC) ROBIN COFFEY (CHIEF CREDIT OFFICER) DEVOTES THE FOLLOWING HOURS PER WEEK TO THE RELATED TAX-EXEMPT ORGANIZATIONS LISTED BELOW: 5 HOURS TO NEIGHBORHOOD HOUSING SERVICES OF CHICAGO, INC. (NHS) 30 HOURS TO NEIGHBORHOOD LENDING SERVICES, INC. (NLS) FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. WITH THE EXCEPTION OF THE FINANCIAL STATEMENTS, WHICH ARE PROVIDED TO FUNDERS, GOVERNMENT AGENCIES, AND PROSPECTIVE DONORS, THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. NEIGHBORHOOD HOUSING SERVICES OF CHICAGO INC 1279 N MILWAUKEE AVENUE CHICAGO IL 60622 237443009 COMMUNITY DEVELOPMENT IL 501(C)(3) LINE 7 NEIGHBORHOOD HOUSING SERVICES OF CHICAGO 0 NHS REDEVELOPMENT CORPORATION 1279 N MILWAUKEE AVENUE CHICAGO IL 60622 363014600 RENOVATION AND CONSTRUCTION IL 501(C)(3) LINE 9 NEIGHBORHOOD HOUSING SERVICES OF CHICAGO 0 0 1 0 1 1 0 0 0 0 0 0 0 0 1 1 1 1 1 1