2024-09-16T11:22:24-05:00 2023-12-31 831445511 SMITH MARION & CO 1940 ORANGE TREE LANE SUITE 100 REDLANDS CA 92374 990 2023-01-01 953571587 NEIGHBORHOOD HOUSING SERVICES OF THE INLAND EMPIRE NEIG 9098846891 1845 S BUSINESS CENTER DRIVE 120 SAN BERNARDINO CA 92408 KAILIN SCOTT EXECUTIVE DIRECTOR 9098846891 2024-09-16 1 1 CARLOS CARAZO P02046597 9093072323 2024-09-16 2023 2024-08-08 14:25:15Z KAILIN SCOTT 1845 S BUSINESS CENTER DRIVE 120 SAN BERNARDINO CA 92408 2039936 0 X WWW.NHSIE.ORG X 1981 CA THE MISSION OF NEIGHBORHOOD HOUSING SERVICES OF THE INLAND EMPIRE, INC. IS TO CREATE HOMEOWNERSHIP OPPORTUNITIES; BRIDGE THE HOUSING AFFORDABILITY GAP; AND BUILD SUSTAINABLE COMMUNITIES OF CHOICE, ONE PERSON, ONE HOME, AND ONE NEIGHBORHOOD AT A TIME. 9 9 17 10 0 0 1250663 1931007 46126 60101 59160 48828 2210 0 1358159 2039936 0 0 0 0 826899 1070841 0 0 138269 753463 882058 1580362 1952899 -222203 87037 6077174 6417740 223397 476926 5853777 5940814 THE MISSION OF NEIGHBORHOOD HOUSING SERVICES OF THE INLAND EMPIRE, INC. IS TO CREATE HOMEOWNERSHIP OPPORTUNITIES; BRIDGE THE HOUSING AFFORDABILITY GAP; AND BUILD SUSTAINABLE COMMUNITIES OF CHOICE, ONE PERSON, ONE HOME, AND ONE NEIGHBORHOOD AT A TIME. 0 0 466676 10011 WE PROVIDED DOWN PAYMENT ASSISTANCE LOANS AND MANAGED AN ACTIVE REVOLVING LOAN FUND THAT PROVIDES BORROWERS WITH LOW OR NO INTEREST LOANS FOR HOME PURCHASE, HOME REHABILITATION, OR HOME REFINANCE IN THE INLAND EMPIRE. NHSIE MAINTAINS A MIX OF AMORTIZING AND DEFERRED LOANS WITH TERMS BETWEEN 5 AND 30 YEARS AND ARE SECURED BY DEEDS OF TRUST ON THE UNDERLYING PROPERTIES. 474573 50090 NHSIE ATTAINED STATUS AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) IN 2014. NHSIE AND NUS PROVIDED HOMEBUYER EDUCATION TO FAMILIES AND HELPED CREATE SEVERAL FIRST TIME HOMEBUYERS. 468001 NHSIE AND NU CONTINUED TO EXPAND LENDING, REALTY AND COMMUNITY ENGAGEMENT EFFORTS RESULTING IN THE ACQUISITION AND REHABILITATION OF BLIGHTED, FORECLOSED, VACANT PROPERTIES AND PROVIDING MORTGAGE ASSISTANCE SO THAT THE HOMES ARE WITHIN REACH OF ENTRY LEVEL HOMEBUYERS. NHSIE AND NUS PROGRAMS ARE ACTIVITIES OF THE ORGANIZATION'S NEIGHBORWORKS HOME OWNERSHIP CENTER (HOC), WHICH PROVIDES ACCESS TO AFFORDABLE QUALITY HOMES TO FAMILIES THAT MAY NOT OTHERWISE HAVE HAD THE OPPORTUNITY. 1409250 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 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 0 1 0 0 0 1 15 0 17 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X ROMA SCOTT 9512417800 3880 LEMON ST SUITE 300 RIVERSIDE CA 92501 JON MACDONALD PRESIDENT 1.00 X X 0 0 0 YAZMIN B HAMILTON VICE PRESIDENT 1.00 X X 0 0 0 ROBERT DE ACEVEDO TREASURER 1.00 X X 0 0 0 CHARLENE DIXON SECRETARY 1.00 X X 0 0 0 RHEANNA RODRIGUEZ BOARD MEMBER 1.00 X 0 0 0 RHONESIA PERRY BOARD MEMBER 1.00 X 0 0 0 RICK MERCADEFE BOARD MEMBER 1.00 X 0 0 0 JENNIFER OGLESBY BOARD MEMBER 1.00 X 0 0 0 DOMINIQUE CLARK BOARD MEMBER 1.00 X 0 0 0 KAILIN SCOTT EXECUTIVE DIRECTOR 40.00 X 158051 0 0 158051 0 0 1 0 1 0 0 757855 1173152 1931007 EDUCATION INCOME 900099 50090 50090 LOAN SERVICES REVENUE 525990 10011 10011 60101 48828 48828 2039936 60101 0 48828 158051 126441 23708 7902 744870 595896 111730 37244 90633 72506 13595 4532 77287 61830 11593 3864 2057 2057 86319 86319 66325 66325 35790 28632 7158 151245 120996 22687 7562 8387 7129 1258 43891 43891 113846 96769 17077 19119 16251 2868 LOAN PROCESSING 115429 115429 PROGRAM SERVICES 77273 77273 INDIRECT FUNDRAISING 68137 68137 PROVISION FOR LOAN LOSS 68000 68000 26240 22098 2272 1870 1952899 1409250 405380 138269 1205660 1087214 2234229 1578808 227198 599628 2181816 2349219 8828 17491 399285 43465 19319 355820 200124 429560 6077174 6417740 75603 107716 147794 369210 223397 476926 X 2194234 2268934 3659543 3671880 5853777 5940814 6077174 6417740 87037 0 X 0 1 X 0 0 X 840267 919522 1726545 1250663 1931007 6668004 840267 919522 1726545 1250663 1931007 6668004 6668004 27501 24360 17100 59160 48828 176949 55667 9606 2210 67483 6912436 591706 0.96460 0.96440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 3659543 972160 16327 976150 3671880 3474543 185000 3659543 3284543 240000 50000 3474543 4547234 1262691 3284543 4657234 110000 4547234 0.72609 0.27391 0 0 57905 43465 14440 341380 341380 355820 MORTGAGE RECEIVABLE 188052 DEPOSITS 9600 RIGHT OF USE ASSETS 231908 429560 DEPOSITS HELD IN TRUST 139604 LEASE LIABILITY 229606 369210 X 2039936 0 2039936 0 2039936 1952899 0 1952899 0 1952899 PART V, LINE 4: CALHOME THE CALHOME MORTGAGE ASSISTANCE (MA) PROGRAM IS A PROGRAM FUNDED BY THE CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT (HCD) TO HELP LOW- AND-VERY LOW-INCOME FAMILIES PURCHASE THEIR FIRST HOME BY PROVIDING MORTGAGE ASSISTANCE FUNDS TO ENSURE AFFORDABLE MONTHLY HOUSING COSTS. THE MA PROGRAM IS DESIGNED TO PROVIDE "GAP FINANCING." GAP FINANCING IS DEFINED AS THE GAP BETWEEN (A) THE PURCHASE PRICE AND (B) THE AMOUNT OF THE PURCHASER'S FIRST MORTGAGE LOAN (THE MAXIMUM LOAN FOR WHICH THE BUYER QUALIFIES) PLUS THE REQUIRED 1% CASH DOWN PAYMENT CONTRIBUTION FROM THE PURCHASER. THE GAP FINANCING MAY BE USED FOR NON-RECURRING LOAN CLOSING COSTS AND MORTGAGE ASSISTANCE. UNDER CALHOME PROGRAM RULES AS BORROWERS REPAY THEIR LOANS, THE FUNDS ARE TO BE PLACED INTO A "REUSE ACCOUNT". AS SUCH, THE CORPORATION HAS CALHOME REUSE FUNDING AVAILABLE TOWARD DOWN PAYMENT/SECOND MORTGAGE GAP FINANCING LOANS. NEIGHBORWORKS AMERICA "RESTRICTED UNTIL DONOR RELEASE" REFERS TO GRANT FUNDS HELD IN PERPETUITY, USED IN ACCORDANCE WITH THE ELIGIBLE PURPOSES TO BUILD ASSETS FOR THE NEIGHBORWORKS CORPORATION AND THE COMMUNITY IN WHICH THE NEIGHBORWORKS CORPORATION OPERATES. THESE ARE PRIMARILY FOR MORTGAGE LOANS TO NHSIE CLIENTS AND FOR FINANCING DEVELOPMENT COSTS. UNDER THE REQUIREMENTS OF THE CAPITAL GRANT WITH NEIGHBORWORKS AMERICA, NHSIE SEPARATELY IDENTIFIES THE FUNDS WHICH MUST BE MAINTAINED PERMANENTLY. THESE CAPITAL FUNDS MAY BE USED TO SUPPORT A LOAN POOL, LENDING GRANTS, CASH RESERVES, AND CAPITAL IMPROVEMENTS. WHILE THE PRINCIPAL VALUE OF THIS SUPPORT IS PERMANENTLY RESTRICTED IN ACCORDANCE WITH THE GRANT AGREEMENTS, INCOME EARNED ON THE FUNDS IS AVAILABLE TO SUPPORT OUR CURRENT OPERATIONS. THESE FUNDS ARE NOT TO BE USED FOR NON-CAPITALIZABLE PURPOSES SUCH AS PAYING DAY-TO-DAY EXPENSES OF THE NEIGHBORWORKS CORPORATION. UNDER FASB ASU 2016-14, THESE FUNDS ARE CONSIDERED NET ASSETS WITH DONOR RESTRICTIONS, INVESTED IN PERPETUITY. PREVIOUSLY, THE NEIGHBORWORKS AMERICA INVESTMENT AND GRANT AGREEMENT REFERRED TO THESE FUNDS AS "PERMANENTLY RESTRICTED CAPITAL FUNDS". "RESTRICTED UNTIL FIRST USE'' REFERS TO GRANT FUNDS THAT ARE RESTRICTED UNTIL USED IN ACCORDANCE WITH AN ELIGIBLE PURPOSE OUTLINED AT SECTION ILL. THESE FUNDS ARE NOT TO BE USED FOR NON-CAPITALIZABLE PURPOSES SUCH AS PAYING THE DAY-TO-DAY EXPENSES OF THE NEIGHBORWORKS ORGANIZATION. UNDER FASB ASU 2016-14, THESE FUNDS ARE CONSIDERED NET ASSETS WITH DONOR RESTRICTIONS, SUBJECT TO EXPENDITURE FOR A SPECIFIED PURPOSE (CAPITALIZABLE REAL ESTATE OR LENDING ACTIVITIES). PART X, LINE 2: IN ACCORDANCE WITH ACCOUNTING STANDARDS, WHICH PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT UNCERTAIN TAX POSITIONS TAKEN BY AN ORGANIZATION, MANAGEMENT BELIEVES THAT ALL OF THE POSITIONS TAKEN BY THE ORGANIZATION IN ITS FEDERAL INCOME TAX RETURN ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. THE ORGANIZATION FILES RETURNS IN THE U.S. FEDERAL JURISDICTION. PART XI, LINE 2D - OTHER ADJUSTMENTS: CONSOLIDATED REVENUE FROM CONTROLLED ORG PART XII, LINE 2D - OTHER ADJUSTMENTS: CONSOLIDATED EXPENSES FROM CONTROLLED ORG X X 0 0 0 0 0 0 0 0 0 KAILIN SCOTT EXECUTIVE DIRECTOR 138141 0 19910 0 0 0 0 0 0 0 158051 0 0 0 PART I, LINE 3 EACH YEAR THE BOARD REVIEWS THE SALARY OF THE EXECUTIVE DIRECTOR TO BE SURE THAT THEY MEET THE CRITERIA OF THE ORGANIZATION AND TO MAKE SURE THEY ARE IN LINE WITH MARKET. STATISTICAL DATA FOR THE SURROUNDING AREA IS GATHERED AND REVIEWED TO DETERMINE AVERAGE SALARY FOR SPECIFIC JOB REQUIREMENTS & REPSONSIBILITIES. FORM 990, PART VI, SECTION B, LINE 11B LINE 11A EXPLANATION - THE 990 IS PRESENTED TO THE BOARD FOR REVIEW AND COMMMENT. THE BOARD THEN APPROVES THE 990 FOR SIGNATURE. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER AND EMPLOYEE IS REQUIRED TO READ THE CONFLICT OF INTEREST POLICY EACH YEAR AND SIGN AN ACKNOWLEDGEMENT THAT THEY DID SO. FORM 990, PART VI, SECTION B, LINE 15A EACH YEAR THE BOARD REVIEWS THE SALARY OF THE EXECUTIVE DIRECTOR TO BE SURE THAT THEY MEET THE CRITERIA OF THE ORGANIZATION AND TO MAKE SURE THEY ARE IN LINE WITH MARKET. STATISTICAL DATA FOR THE SURROUNDING AREA IS GATHERED AND REVIEWED TO DETERMINE AVERAGE SALARY FOR SPECIFIC JOB REQUIREMENTS & REPSONSIBILITIES. FORM 990, PART VI, SECTION C, LINE 19 UPON WRITTEN REQUEST THE ORGANIZATION WILL MAKE AVAILABLE THE GOVERNING DOCUMENTS, POLICIES AND/OR FINANCIAL STATEMENTS. NEIGHBORUS 1845 S BUSINESS CENTER DRIVE 120 SAN BERNARDINO CA 92408 330823455 PROVIDE CAPITAL THROUGH GRANTS AND LOANS CA 501(C)(3) LINE 10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 NEIGHBORUS R 1971 FMV