2024-12-13T15:22:10-06:00 2024-03-31 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2023-04-01 363014600 NHS REDEVELOPMENT CORPORATION NHSR 7738950750 850 W JACKSON BLVD 5TH FLOOR CHICAGO IL 60607 TOM SAKOS CHIEF FINANCIAL OFFICER 7738950750 2024-12-12 1 0 KIMBERLY A HAUMANN P00546491 3122071040 2024-12-12 2023 2024-10-15 13:58:12Z TOM SAKOS 850 W JACKSON BLVD 5TH FLOOR CHICAGO IL 60607 1995737 0 X WWW.NHSCHICAGO.ORG X 1978 IL STRENGTHEN NEIGHBORHOODS AND PROVIDE HIGH-QUALITY, AFFORDABLE HOUSING OPPORTUNITIES FOR LOW- AND MODERATE-INCOME FAMILIES BY DEVELOPING PROPERTIES THROUGHOUT THE CITY OF CHICAGO. 8 8 0 8 0 0 0 98716 955683 313210 54952 1529189 0 -68850 1010635 1872265 0 0 0 0 426963 417761 0 0 0 219042 55191 646005 472952 364630 1399313 9240682 6687540 10455642 6503186 -1214960 184354 X NHSRC, THROUGH ITS AFFILIATION WITH ITS PARENT ORGANIZATION, NEIGHBORHOOD HOUSING SERVICES OF CHICAGO (NHS), STRENGTHENS NEIGHBORHOODS AND PROVIDES HIGH-QUALITY, AFFORDABLE HOUSING OPPORTUNITIES FOR LOW- AND MODERATE-INCOME FAMILIES BY REDEVELOPING AND PRESERVING DISTRESSED PROPERTIES THROUGHOUT THE CITY OF CHICAGO. NHSRC BUYS, REHABILITATES AND SELLS SINGLE-FAMILY HOMES, AND WORKS WITH THE HOUSING COURT TO STABILIZE DISTRESSED PROPERTIES IN ORDER TO IMPROVE NEIGHBORHOOD SAFETY AND INCREASE THE AVAILABILITY OF HIGH-QUALITY, AFFORDABLE HOUSING IN TARGETED NEIGHBORHOODS. 0 0 428400 312406 NHSRC DEVELOPS AND PRESERVES SINGLE-FAMILY HOUSING. AS A NON-PROFIT DEVELOPER AND PARTNER, NHSRC HAS HELPED CREATE AND DEVELOP MORE THAN 425 UNITS OF AFFORDABLE RENTAL HOUSING FOR SENIOR CITIZENS LIVING IN THE ROSELAND, SOUTH CHICAGO, AND WRIGHTWOOD NEIGHBORHOODS. NHSRC SECURES VACANT PROPERTIES TO BE LATER USED IN ITS EFFORT TO STABILIZE NEIGHBORHOODS BY REHABBING HOMES AND AFFORDABLY SELLING THEM TO HOMEOWNER-OCCUPANTS. 428400 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 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 1 1 0 0 0 1 12 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X TOM SAKOS 7738950750 850 W JACKSON BLVD 5TH FLOOR CHICAGO IL 60607 KRISTINE JURMU PRESIDENT 5.00 0.00 X X 0 0 0 CHRISTINE KOLB SECRETARY 5.00 0.00 X X 0 0 0 ADRIENNE WHITNEY VICE PRESIDENT 5.00 0.00 X X 0 0 0 PAUL VIAMIS TREASURER 5.00 0.00 X X 0 0 0 MOLLY EKERDT DIRECTOR 5.00 0.00 X 0 0 0 ALLISON PORTER-BELL DIRECTOR 5.00 0.00 X 0 0 0 DANIEL SIADAK DIRECTOR 5.00 0.00 X 0 0 0 MATT WILLIAMS DIRECTOR 5.00 0.00 X 0 0 0 DONNA CLARKE CHIEF OPERATING OFFICER 5.00 30.00 X 0 157009 9264 TOM SAKOS CHIEF FINANCIAL OFFICER 5.00 30.00 X 0 32615 0 ANTHONY SIMPKINS CHIEF EXECUTIVE OFFICER 5.00 30.00 X 0 216227 21206 ROBIN COFFEY CHIEF CREDIT OFFICER 5.00 30.00 X 0 107372 19020 BRYAN ESENBERG OFFICER 30.00 5.00 X 0 62008 10243 DWAYNE SHIPP DIRECTOR OF FINANCE 5.00 30.00 X 0 0 0 LINDA GREENE OFFICER 30.00 5.00 X 0 0 0 0 575231 59733 0 0 1 0 0 93716 5000 98716 CONTRACTUAL SERVICES 531390 313210 313210 313210 1456699 1456699 26994 100288 -73294 -73294 -73294 95674 23184 72490 72490 72490 OTHER REVENUE 900099 4444 4444 4444 1872265 316850 0 1456699 111223 93366 17857 239880 239880 44648 40948 3700 22010 20224 1786 21209 21209 20385 20385 13597 13597 472952 428400 44552 0 2820793 384221 1780785 1458709 197771 506279 37920 489009 468359 4472171 3856404 9240682 6687540 31358 17212 388057 1942000 1750000 8482284 4347917 10455642 6503186 X -1214960 184354 -1214960 184354 9240682 6687540 1399313 0 X 0 1 X 1 0 X 50000 98716 148716 809502 1319507 487792 955863 385700 3958364 809502 1369507 487792 955863 484416 4107080 0 619618 1172218 1791836 619618 1172218 1791836 2315244 19786 54952 1383405 1458143 19786 54952 1383405 1458143 4444 4444 829288 1369507 487792 1010815 1872265 5569667 0.41570 0.68660 0.26180 0.00950 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3800 3800 498279 33720 464559 4200 4200 0 468359 DUE FROM AFFILIATES 3550712 ADVANCES TO RECEIVERSHIPS 305692 3856404 DUE TO AFFILIATES 3529931 DUE TO OTHERS 817986 4347917 X 0 0 0 0 0 0 0 0 0 ANTHONY SIMPKINS CHIEF EXECUTIVE OFFICER 0 216227 0 0 0 0 0 0 0 21206 0 237433 0 0 DONNA CLARKE CHIEF OPERATING OFFICER 0 157009 0 0 0 0 0 0 0 9264 0 166273 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 NHS REDEVELOPMENT CORPORATION IS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION IN WHICH NEIGHBORHOOD HOUSING SERVICES OF CHICAGO, INC. 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 NHS REDEVELOPMENT CORPORATION. THESE RIGHTS INCLUDE THE RIGHT TO ELECT DIRECTORS OF THE CORPORATION AND AMEND THE ARTICLES OF INCORPORATION. FORM 990, PART VI, SECTION A, LINE 7B SEE NARRATIVE FOR FORM 990, PART VI, SECTION A, 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 OF THE TOP MANAGEMENT OFFICIAL WAS LAST REVIEWED AND APPROVED ANNUALLY. TOM SAKOS (CFO), ANTHONY SIMPKINS (CEO), AND DONNA CLARKE, (COO) DEVOTE THE FOLLOWING HOURS PER WEEK TO THE RELATED TAX-EXEMPT ORGANIZATIONS LISTED BELOW: 20 HOURS TO NEIGHBORHOOD HOUSING SERVICES OF CHICAGO, INC. 10 HOURS TO NEIGHBORHOOD LENDING SERVICES, INC. 5 HOURS TO NHS REDEVELOPMENT CORPORATION 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. 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. 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