2024-05-15T13:14:49-05:00 2023-06-30 221478099 COHNREZNICK LLP 707 WILSHIRE BLVD STE 4950 LOS ANGELES CA 90017 990 2022-07-01 954646850 NHS NEIGHBORHOOD LENDING SERVICES INC NHSN 2133812862 3926 WILSHIRE BLVD 200 LOS ANGELES CA 90010 LORI GAY PRESIDENT 2133812862 2024-05-15 1 LORI GAY 999009999 1 JOLANTA TUCK CPA P01340068 3108439700 2024-05-13 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z LORI GAY 3926 WILSHIRE BLVD 200 LOS ANGELES CA 90010 6450780 0 X WWW.NHSLACOUNTY.ORG X 1996 CA NHS NEIGHBORHOOD LENDING SERVICES INC. (NLS) MISSION IS TO SERVE AS A CATALYST FOR RESIDENTS, BUSINESS, AND GOVERNMENT REPRESENTATIVES TO WORK TOGETHER TO BUILD STRONGER NEIGHBORHOODS, IMPROVE THE QUALITY OF LIFE FOR LOW-TO-MODERATE INCOME FAMILIES AND TO REVITALIZE COMMUNITIES INTO NEIGHBORHOODS OF CHOICE. NLS STRENGTHENS COMMUNITIES BY DEVELOPING AND MAINTAIN QUALITY AFFORDABLE HOUSING, CREATING AND PRESERVING AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES, SUPPORTING LOCAL LEADERS, PROVIDING FINANCIAL EDUCATION AND INCREASING THE FINANCIAL INDEPENDENCE OF FAMILIES AND PEOPLE IN NEED. 6 6 0 6 0 0 5622566 5173680 927118 1209324 346481 0 63059 32626 6959224 6415630 0 0 0 0 1627346 0 0 0 142207 6250741 5293523 7878087 5293523 -918863 1122107 35658674 36533252 7057780 6810251 28600894 29723001 X NHS NEIGHBORHOOD LENDING SERVICES INC. (NLS) MISSION IS TO SERVE AS A CATALYST FOR RESIDENTS, BUSINESS, AND GOVERNMENT REPRESENTATIVES TO WORK TOGETHER TO BUILD STRONGER NEIGHBORHOODS, IMPROVE THE QUALITY OF LIFE FOR LOW-TO-MODERATE INCOME FAMILIES AND TO REVITALIZE COMMUNITIES INTO NEIGHBORHOODS OF CHOICE. NLS STRENGTHENS COMMUNITIES BY DEVELOPING AND MAINTAIN QUALITY AFFORDABLE HOUSING, CREATING AND PRESERVING AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES, SUPPORTING LOCAL LEADERS, PROVIDING FINANCIAL EDUCATION AND INCREASING THE FINANCIAL INDEPENDENCE OF FAMILIES AND PEOPLE IN NEED. 0 0 4819500 1209324 NHS CONTINUES ITS COMMITMENT TO STRENGTHEN LOW TO MODERATE INCOME COMMUNITIES THROUGH THE DEVELOPMENT OF AFFORDABLE AND SUSTAINABLE HOMEOWNERSHIP OPPORTUNITIES, IN THIS FISCAL YEAR, NHS PROVIDED 2,248 MORTGAGE ASSISTANCE, 3,245 COUNSELING AND FINANCIAL LITERACY EDUCATION. NHS PROVIDED MORTGAGE ASSISTANCE, COUNSELING AND FINANCIAL LITERACY EDUCATION TO HOUSEHOLDS AND ASSISTED CLIENTS IN AVOIDING FORECLOSURE THROUGH HOME RETENTION/DISPOSITION OPTIONS. NHS ORIGINATED $48.05M AFFORDABLE LOANS FOR FAMILIES. NHS PROVIDED REINVESTMENT IN LOCAL NEIGHBORHOODS AND HOSTED EDUCATIONAL WORKSHOPS AND PARTICIPATED IN NEIGHBORHOOD-BASED EVENTS. THROUGH DIRECT EVENTS CONTACT, MEDIA, DIRECT MAIL AND ADVERTISING. 4819500 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 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 75 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 1 1 0 0 0 CA X JAMES PRICE CONTROLLER 2133812862 3926 WILSHIRE BLVD 200 LOS ANGELES CA 90010 GLORIA TANG SECRETARY/TREASURER 1.00 2.00 X X 0 0 0 RIGOBERTO REYES BOARD MEMBER 1.00 2.00 X 0 0 0 RON TURNER BOARD MEMBER 1.00 2.00 X 0 0 0 SAL MENDOZA CHAIRMAN 1.00 2.00 X X 0 0 0 STEVE HERMAN VICE CHAIRMAN 1.00 2.00 X X 0 0 0 WARREN HARRIS BOARD MEMBER (UNTIL AUGUST 18, 2022) 1.00 2.00 X 0 0 0 ZEEDA DANIELE BOARD MEMBER 1.00 2.00 X 0 0 0 JAMES PRICE CONTROLLER & CFO 14.00 26.00 X 0 122538 19982 LORI GAY PRESIDENT & CEO 14.00 26.00 X 0 244820 29099 JEAN PAUL VEEN VP & COO 18.00 22.00 X 0 163890 18951 KELLIE TODD GRIFFIN SENIOR VP & CAO 14.00 26.00 X 0 128545 4977 KIMBERLEY WOODS AVP & SENIOR PROGRAM DIRECTOR 14.00 26.00 X 0 122736 2719 RHONDA MCMILLAN VP & CCAO 8.00 32.00 X 0 149329 9814 JUANITA JIMENEZ OPERATIONS MANGER 16.00 24.00 X 0 114158 10907 0 1046016 96449 0 0 1 0 0 2024242 3149438 5173680 EDUCATION FEES 531390 444164 444164 INTERST ON LOANS RECEI 531390 410928 410928 LENDING FEES 531390 354232 354232 1209324 67776 35150 32626 32626 32626 6415630 1209324 0 32626 1973987 1679864 205887 88236 4830 4110 504 216 23000 19573 2399 1028 188310 160249 19643 8418 114443 97391 11936 5116 73149 62250 7629 3270 106002 90208 11056 4738 23513 20010 2452 1051 259126 220912 26750 11464 109162 92494 11668 5000 NEIGHBORHOOD LIFT LOAN 1529500 1529500 PROGRAM EXPENSE 641454 632704 6125 2625 SERVICE CHARGES AND OTH 120961 98055 16034 6872 BAD DEBT EXPENSE 65538 60655 3418 1465 60548 51525 6315 2708 5293523 4819500 331816 142207 1868279 90145 2093340 4145849 444660 390128 24428799 24891485 27503 33004 4793509 1214674 3630135 3578835 3165958 3403806 35658674 36533252 606617 517141 832 44614 39530 2839485 6003580 3566232 0 250000 7057780 6810251 X 5308436 6221022 23292458 23501979 28600894 29723001 35658674 36533252 1122107 0 X 0 1 X 1 0 X 6936964 1169200 13975048 5622566 5173680 32877458 742160 2933718 182450 927118 798396 5583842 7679124 4102918 14157498 6549684 5972076 38461300 0 0 0 38461300 363093 509487 409540 478704 1760824 363093 509487 409540 478704 1760824 7679124 4466011 14666985 6959224 6450780 40222124 0.95620 0.96590 0.04380 0.03410 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 39058 39058 1 X 1259643 1259643 3130075 852170 2277905 400891 362504 38387 2900 2900 3578835 INTERCOMPANY RECEIVABLES 3403806 3403806 EQUITY EQUIVALENT INVESTMENT DEPOSITS 250000 250000 X 6451506 727 727 6450779 -35149 -35149 6415630 5329400 727 35150 35877 5293523 0 5293523 PART IV, LINE 2B: THE ORGANIZATION ACTS AS A TRUSTEE TO MANAGE FUNDS RECEIVED FOR ALL CLIENT REHAB PROJECTS. FUNDING SOURCES MAYBE PRIVATE FUNDS, GOVERNMENT, AND OTHER LOANS. THE ORGANIZATION RECORDS THE TOTAL FUNDS HELD AS A RESTRICTED CASH WITH AN OFFSETTING LIABILITY AS STATED ON THE BALANCE SHEET. PART X, LINE 2: THE ORGANIZATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS WELL AS SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. ON AN ANNUAL BASIS, THE ORGANIZATION ANALYZES THE AMOUNT OF UNRELATED BUSINESS TAXABLE INCOME FROM THEIR VARIOUS PROJECTS AND PROVIDE FOR TAXES ON SUCH INCOME, IF ANY, UNDER SECTION 511 OF THE INTERNAL REVENUE CODE AND SECTION 23731 OF THE CALIFORNIA REVENUE AND TAXATION CODE. DURING THE YEAR ENDED JUNE 30, 2023, THE ORGANIZATION HAD NO SIGNIFICANT ACTIVITIES SUBJECT TO THESE TAXES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT, AS OF JUNE 30, 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2023. THE FEDERAL INFORMATIONAL TAX RETURNS OF THE ORGANIZATION FOR TAX YEARS ENDED JUNE 30, 2020, AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE RETURNS FOR CALIFORNIA, THE ONLY STATE TAX JURISDICTION, REMAIN SUBJECT TO EXAMINATION BY THE CALIFORNIA FRANCHISE TAX BOARD FOR TAX YEARS ENDED JUNE 30, 2020, AND SUBSEQUENT. THE ORGANIZATION CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -35,149. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 35,150. 0 0 0 0 0 0 0 0 0 LORI GAY PRESIDENT & CEO 0 244820 0 0 0 0 0 10065 0 19034 0 273919 0 0 JEAN PAUL VEEN VP & COO 0 157890 0 6000 0 0 0 6704 0 12247 0 182841 0 0 RHONDA MCMILLAN VP & CCAO 0 142329 0 7000 0 0 0 6108 0 3706 0 159143 0 0 PART I, LINE 3 COMPENSATION IS DETERMINED BY THE PARENT ORGANIZATION, NHS, THROUGH THE USE OF DATA FROM COMPARABLE ORGANIZATIONS AND BOARD APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B NHS NEIGHBORHOOD LENDING SERVICES, INC'S OUTSIDE CPA FIRM AND THE CONTROLLER/CFO PREPARE THE FORM 990. THE FORM IS REVIEWED AND APPROVED BY THE ORGANIZATION'S PRESIDENT AND CEO. THE COMPLETE FORM 990 IS THEN PROVIDED TO AND REVIEWED WITH THE ENTIRE GOVERNING BODY PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS RENEWED ANNUALLY EVERY SECOND QUARTER OF THE YEAR. FORM 990, PART VI, SECTION C, LINE 19 SOME OR ALL OF THESE ITEMS MAY BE AVAILABLE UPON REQUEST, HOWEVER CURRENT TAX LAW DOES NOT REQUIRE THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIALS BE PROVIDED TO THE PUBLIC. NHS NEIGHBORHOOD REDEVELOPMENT CORP 3926 WISHIRE BLVD 200 LOS ANGELES CA 90010 954646848 REDEVELOPMENT CA 501(C)(3) LINE 10 NEIGHBORHOOD HOUSING SERVICES-LA COUNTY 0 NEIGHBORHOOD HOUSING SERVICES OF LOS ANGELES 3926 WISHIRE BLVD 200 LOS ANGELES CA 90010 953938955 DEVELOP AFFORDABLE AND SUSTAINABLE HOMEOWNERSHIP OPPORTUNITIES CA 501(C)(3) LINE 7 NEIGHBORHOOD HOUSING SERVICES-LA COUNTY 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0