2024-09-25T10:47:05-05:00 2023-12-31 232415973 HERBEIN COMPANY INC 2763 CENTURY BOULEVARD READING PA 19610 990 2023-01-01 232066952 NEIGHBORHOOD HOUSING SERVICES OF GREATER BERKS INC NEIG 6103728433 213 N FIFTH STREET READING PA 19601 STEPHEN T GIERINGER CEO 6103728433 2024-09-25 1 1 MARYBETH C OLREE CPA P01649853 6103781175 2024-09-25 2023 2024-08-08 14:25:15Z STEPHEN T GIERINGER 213 N FIFTH STREET READING PA 19601 3282920 0 X WWW.NHSGREATERBERKS.ORG X 1979 PA TO FACILITATE AND PROVIDE AFFORDABLE HOUSING PROGRAMS AND INITIATIVES FOR ALL PEOPLE 15 15 20 19 0 0 1943377 1761944 4767729 1457437 -17193 63444 0 0 6693913 3282825 0 0 0 0 1394489 1545624 0 0 11751 4836609 1840438 6231098 3386062 462815 -103237 17697361 17872751 9941583 10396793 7755778 7475958 X THE MISSION OF NEIGHBORHOOD HOUSING SERVICE OF GREATER BERKS IS TO FACILITATE AND PROVIDE AFFORDABLE HOUSING PROGRAMS AND INITIATIVES THAT WILL EXPAND HOMEOWNERSHIP OPPORTUNITIES FOR ALL THE PEOPLE OF BERKS COUNTY, ESPECIALLY LOW TO MODERATE INCOME FAMILITES, AND WILL CONTRIBUTE TO THE REVITALIZATION OF OUR NEIGHBORHOODS AND THE GREATER COMMUNITY. 0 0 344534 559929 REAL ESTATE AND REHABILITATION:THE ORGANIZATION SEEKS TO REMOVE BLIGHTED PROPERTIES THROUGH PURCHASE AND RENOVATION, WITH SUBSEQUENT RESALE TO FIRST TIME HOMEBUYERS. IN ADDITION, THE ORGANIZATION ACTS AS A CONSULTANT TO PROVIDE ADMINISTRATION OF REHABILITATION PROGRAMS RUN BY OTHER ENTITIES. REAL ESTATE AND REHABILITATION CONSTRUCTS NEW AFFORDABLE HOMES ON A SCATTERED SITE BASIS OUTSIDE THE CITY OF READING FOR FIRST-TIME HOMEOWNERS AND PROVIDES TECHNICAL ASSISTANCE TO THE HOME REPAIR PROGRAMS AND OPERATION RENOVATION.2023 PROGRAM ACCOMPLISHMENTS: WE PROVIDED 22 LOANS FOR HOME IMPROVEMENTS VIA OUR MY LIFE PROGRAM TOTALING $996,361 2794189 597508 HOME OWNERSHIP CENTER: THE ORGANIZATION OFFERS ASSISTANCE THROUGH A VARIETY OF PROGRAMS TO CLIENTS WHO ARE PREPARING TO BECOME HOMEOWNERS, AND OFFERS SEVERAL TYPES OF LOANS TO ASSIST FIRST-TIME HOMEBUYERS. THE PROGRAMS INCLUDE LENDING FOR HOME PURCHASE ASSISTANCE AND HOME REPAIRS, HOMEBUYER EDUCATION, AND BUDGET AND CREDIT COUNSELING.2023 PROGRAM ACCOMPLISHMENTS: THE HOME OWNERSHIP CENTER VIA NHS ASSISTED 153 FAMILIES BUY THEIR FIRST HOME, LENDING $1,756,199 IN DOWN PAYMENT AND CLOSING COST ASSISTANCE LOANS.SEE SCHEDULE O FOR ADDITIONAL PROGRAM ACCOMPLISHMENTS. 354 INDIVIDUALS BENEFITED FROM THE FASTRACK HOMEBUYER EDUCATION WORKSHOPS AND 303 CLIENTS RECEIVED ONE-ON-ONE COUNSELING COVERING TOPICS SUCH AS: PRE-PURCHASE, PRE-CLOSING AND BUDGET/CREDIT COUNSELING (NOT INCLUDING FORECLOSURE SERVICES). THE TOTAL NHS LOAN PORTFOLIO REMAINED STRONG RELATIVE TO THE NATIONAL ECONOMY. 50 LOANS WERE PAST DUE AS OF DECEMBER 31ST OUT OF A TOTAL PORTFOLIO OF 933 LOANS. 5608 NEIGHBORHOOD BUILDING: THE ORGANIZATION PROVIDES A NUMBER OF NEIGHBORHOOD-BASED INITIATIVES DESIGNED TO EMPOWER THE RESIDENTS TO CONTROL THEIR ENVIRONMENT INCLUDING ASSISTANCE IN RUNNING RESIDENT MEETINGS, PROVIDING RESOURCES, AND LEADERSHIP TRAINING. THEY ASSIST THE COMMUNITY IN GATHERING VOLUNTEERS FOR CLEAN-UPS AND REPAIR EFFORTS SUCH AS OPERATION RENOVATION. 3144331 1 1 0 0 0 0 0 0 1 0 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 18 0 1 20 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X X THE ORGANIZATION 6103728433 213 N FIFTH STREET READING PA 19601 MARISOL TORRES PRESIDENT 5.00 5.00 X X 0 0 0 ERIKA HOFFMAN VICE PRESIDENT 5.00 5.00 X X 0 0 0 BETH BOWERS ESQUIRE SECRETARY 5.00 5.00 X X 0 0 0 TURIE SOTZIN TREASURER 5.00 5.00 X X 0 0 0 GLENN KEY AT LARGE MEMBER 5.00 5.00 X X 0 0 0 ERICA WENNELL DIRECTOR 1.00 1.00 X 0 0 0 ED MARKO DIRECTOR 1.00 1.00 X 0 0 0 AUGUSTO TORRES DIRECTOR 1.00 1.00 X 0 0 0 FRANK DIMAIO DIRECTOR 1.00 1.00 X 0 0 0 EDGAR CORTEZ DIRECTOR 1.00 1.00 X 0 0 0 BARBARA LOPEZ DIRECTOR 1.00 1.00 X 0 0 0 JUDY VAS KORLIS DIRECTOR 1.00 1.00 X 0 0 0 JUAN ZABALA DIRECTOR 1.00 1.00 X 0 0 0 RAQUEL J CAPELLAN DIRECTOR 1.00 1.00 X 0 0 0 JOHN EP SCHMOYER DIRECTOR 1.00 1.00 X 0 0 0 AARON BOOTH DIRECTOR THRU MARCH 1.00 X 0 0 0 STEPHEN T GIERINGER CEO, ASSISTANT TREASURER 20.00 20.00 X 147511 0 23549 DANIEL SANSARY EXECUTIVE DIRECTOR 40.00 X 106008 0 22750 ERIKA DE LA MORA DEPUTY DIRECTOR 40.00 X 106857 0 22963 360376 0 69262 3 0 1 0 0 1633805 128139 1761944 MORTGAGE INTEREST 624100 566708 566708 LIFT PROGRAM 624100 330800 330800 FEE REVENUE 624100 308181 308181 REHABBED PROPERTY SALE 624100 240000 240000 ESCROW/ADMIN FEES 624100 11748 11748 1457437 63539 63539 95 -95 -95 -95 3282825 1457437 0 63444 171060 121172 44476 5412 1072487 1024234 48253 205151 195038 10113 96926 89683 6881 362 2073 1928 145 46131 42902 3229 84580 78659 5921 46031 1745 41984 2302 23459 21817 623 1019 70552 65613 4939 81905 66850 15055 53125 14131 36338 2656 315805 315805 21529 17318 4211 6582 6582 COST OF PROPERTY SOLD 333132 333132 LIFT PROGRAM EXPENSE 300000 300000 CREDIT LOSS EXPENSE 240539 240539 OK PROGRAM EXPENSE 186140 186140 28855 27625 1230 3386062 3144331 229980 11751 1374772 1066143 1840498 1712885 346314 400474 9909470 11166471 39408 50374 231240 142766 100419 88474 4086480 3387930 17697361 17872751 332965 267700 39702 216100 8410667 9059188 48803 28470 1109446 825335 9941583 10396793 X 7532951 7300062 222827 175896 7755778 7475958 17697361 17872751 X -103237 -176583 X X 0 1 X 1 1 1 X 1227720 2433741 2621278 1943377 1761944 9988060 1142339 3104904 1825670 4767729 1457437 12298079 2370059 5538645 4446948 6711106 3219381 22286139 0 0 0 22286139 3320 15739 781 27105 63539 110484 3320 15739 781 27105 63539 110484 2373379 5554384 4447729 6738211 3282920 22396623 0.99510 0.99760 0.00490 0.00240 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 108483 44295 64188 41939 29615 12324 80818 68856 11962 88474 DUE FROM RELATED PARTIES 3085073 RIGHT-OF-USE OPERATING LEASE 265672 RIGHT-OF-USE FINANCE LEASE 37185 3387930 LOAN FUNDS HELD FOR DISTRIBUTION 485892 ESCROWS PAYABLE 28431 OPERATING LEASE LIABILITY 273701 FINANCE LEASE LIABILITY 37311 825335 X 3282825 0 3282825 0 3282825 3386062 0 3386062 0 3386062 PART IV, LINE 2B: HOME REPAIR ESCROWS HELD PART X, LINE 2: IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THE ORGANIZATION ACCOUNTS FOR UNCERTAIN TAX POSITIONS RELATIVE TO UNRELATED BUSINESS INCOME, IF ANY, AS REQUIRED. X X 0 0 0 0 0 0 0 0 0 STEPHEN T GIERINGER CEO, ASSISTANT TREASURER 147511 0 0 0 0 0 0 0 23549 0 171060 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 MORTGAGE BANKS ARE REPRESENTED ON THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE EXECUTIVE COMMITTEE AND THEN FORWARDED TO THE ENTIRE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY INCLUDED IN NHS ORGANIZATIONAL CODE OF CONDUCT AND COMPLIANCE REVIEWED ANNUALLY AND WITH ADDITION OF NEW BOARD MEMBERS. A NEW BOARD MEMBER AND ALL EMPLOYEES ARE REQUIRED TO COMPLETE AND SIGN A "CONFLICT OF INTEREST CLEARANCE & DISCLOSURE" FORM AS A CONDITION OF EMPLOYMENT/BOARD MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 15 THE CEO IS THE ONLY OFFICER/KEY EMPLOYEE IN NHS. HIS COMPENSATION IS DETERMINED BY: - COMPARISON (USING GUIDE STAR) WITH COMPENSATION LEVELS AT OTHER NON-PROFIT ORGANIZATIONS WITH COMPARABLE REVENUE AND COMPLEXITY, IN ECONOMICALLY SIMILAR GEOGRAPHIC AREAS. - ANNUAL PERFORMANCE AND COMPENSATION REVIEW BY BOARD OF DIRECTORS, AS SPECIFIED IN ORGANIZATION BY-LAWS. - REVIEW OF COMPENSATION LEVELS FOR THE COMPARABLE POSITION IN SIMILAR SIZE NEIGHBORWORKS ORGANIZATIONS FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION COMPLIES WITH PUBLIC INSPECTION REQUIREMENTS BY MAKING FORMS AVAILABLE ON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS MADE AVAILABLE ON REQUEST AS APPROVED BY THE CHIEF EXECUTIVE OFFICER OR BOARD CHAIR. FORM 990, PART XI, LINE 9: CUMULATIVE-EFFECT ADJUSTMENT OF IMPLEMENTING ASU 2016-13 -176,583. FORM 990, PART XII, LINE 2C: THERE HAVE BEEN NO CHANGES FROM THE PRIOR YEAR. PENNSYLVANIA HOME LENDING COLLABORATIVE INC 213 N FIFTH STREET READING PA 19601 472605170 PROVIDING AFFORDABLE FINANCIAL ASSISTANCE FOR HOMEOWNERS PA 501(C)(3) 170(B)(1)(A)(VI) NEIGHBORHOOD HOUSING SERVICES OF GREATER BERKS INC 1 NEIGHBORHOOD HOUSING SERVICES OF THE LEHIGH VALLEY 213 N FIFTH STREET READING PA 19601 232162606 FACILITATE AND PROVIDE AFFORDABLE HOUSING PROGRAMS AND INITIATIVES PA 501(C)(3) 170(B)(1)(A)(VI) NEIGHBORHOOD HOUSING SERVICES OF GREATER BERKS INC 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PENNSYLVANIA HOME LENDING COLLABORATIVE INC D 2761914 AMOUNT ADVANCED NEIGHBORHOOD HOUSING SERVICES OF THE LEHIGH VALLEY D 323159 AMOUNT ADVANCED