2024-09-25T10:47:05-05:00 2023-12-31 232415973 HERBEIN COMPANY INC 2763 CENTURY BOULEVARD READING PA 19610 990 2023-01-01 232162606 NEIGHBORHOOD HOUSING SERVICES OF THE LEHIGH VALLEY INC NEIG 6104374571 213 N 5TH STREET READING PA 19601 STEPHEN GIERINGER CEO 6104374571 2024-09-24 1 1 MARYBETH C OLREE CPA P01649853 6103781175 2024-09-24 2023 2024-08-08 14:25:15Z STEPHEN GIERINGER 213 N 5TH STREET READING PA 19601 32966 0 X WWW.NHSLV.ORG X 1980 PA TO FACILITATE AND PROVIDE AFFORDABLE HOUSING PROGRAMS AND INITIATIVES FOR ALL PEOPLE 15 15 0 16 0 0 0 0 40522 21808 46000 0 163 11158 86685 32966 0 0 0 0 0 0 0 0 322 102279 6443 102279 6443 -15594 26523 783707 699143 490974 339175 292733 359968 X TO INCREASE THE FINANCIAL STABILITY OF FAMILIES AND INDIVIDUALS BY PROVIDING PROGRAMS AND SERVICES THAT CREATE AND PRESERVE OPPORTUNITIES FOR HOMEOWNERSHIP AND DECENT, SAFE AND AFFORDABLE HOUSING. 0 0 5476 21808 AFFORDABLE HOUSING AND HOME OWNERSHIP PROGRAM: NHS OF THE LEHIGH VALLEY DISTRIBUTES PROGRAM INFORMATION AND ADMINISTERS THE HOME OWNERSHIP OUTREACH PROGRAM (HOOP) IN THE CITY OF ALLENTOWN, CITY OF BETHLEHEM, CITY OF EASTON, AND LEHIGH AND NORTHAMPTON COUNTY. THE STAFF QUALIFIES APPLICANTS FOR THIS HOMEBUYER MORTGAGE PROGRAM. NHS OF THE LEHIGH VALLEY FACILITATES AND ORIGINATES SOFT SECOND MORTGAGES OR GRANTS TO ASSIST WITH DOWN PAYMENT AND CLOSING COSTS FOR FIRST TIME HOMEBUYERS THAT FALL WITHIN THE APPROVED LOW-TO-MODERATE HUD INCOME GUIDELINES. 2023 PROGRAM ACCOMPLISHMENTS: OUR TOTAL NHSLV LOAN PORTFOLIO REMAINED STRONG RELATIVE TO THE NATIONAL ECONOMY DESPITE THE LARGE NUMBERS OF PAST DUE LOANS. 4 LOANS WERE PAST DUE AS OF DECEMBER 31ST OUT OF A TOTAL PORTFOLIO OF 86 LOANS. FINANCIAL COUNSELING AND EDUCATION SERVICES: NHS OF THE LEHIGH VALLEY PROVIDES FINANCIAL COUNSELING AND/OR REFERRALS FOR CONSUMERS WITH BUDGET, CREDIT, OR HOME OWNERSHIP NEEDS. INFORMATION IS PROVIDED ON THE VARIETY OF LOAN PROGRAMS AVAILABLE THROUGH LOCAL MUNICIPALITIES AND OTHER AGENCIES. CREDIT COUNSELING IS OFFERED TO ALL RESIDENTS WITHIN THE LEHIGH VALLEY. OTHER EDUCATIONAL NEEDS ARE REFERRED TO APPROPRIATE SOCIAL SERVICE AGENCIES. 5476 1 0 0 0 0 0 0 0 0 0 0 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X X THE ORGANIZATION 6104374571 213 N 5TH STREET READING PA 19601 MARISOL TORRES PRESIDENT 5.00 5.00 X X 0 0 0 ERIKA HOFFMAN VICE PRESIDENT 1.00 1.00 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 5.00 5.00 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 1.00 X 0 0 0 STEPHEN GIERINGER CEO, ASSISTANT TREASURER 20.00 20.00 X 0 147511 23549 0 147511 23549 0 0 1 0 0 MORTGAGE INTEREST 624100 16627 16627 FEE REVENUE 624100 5181 5181 21808 CREDIT LOSS RECOVERY 900099 7921 7921 MISCELLANEOUS 900099 3237 3237 11158 32966 32966 0 0 4591 3902 459 230 545 463 55 27 EQUIPMENT MAINTENANCE 1307 1111 131 65 6443 5476 645 322 216606 82261 6565 560536 515102 0 101780 783707 699143 4794 4112 10836 11904 475344 323159 490974 339175 X -104525 -37290 397258 397258 292733 359968 783707 699143 X 26523 40712 X X 0 1 X 1 0 X 45099 86000 55 131154 72640 66590 39173 40522 21808 240733 117739 152590 39228 40522 21808 371887 0 0 0 371887 163 11158 11321 117739 152590 39228 40685 32966 383208 0.97050 0.99800 0.00000 0.00170 X FORM 990, SCHEDULE A, PART 1, LINE 10 NEIGHBORHOOD HOUSING SERVICES OF LEHIGH VALLEY IS ELECTING TO FILE THEIR PUBLIC CHARITY STATUS UNDER 509(A)(2) INSTEAD OF SECTION 170(B)(1)(A)(VI), WITH REVENUE REFLECTING GROSS RECEIPTS FROM ACTIVITIES RELATED TO OUR EXEMPT FUNCTION. THE ORGANIZATION IS EXEMPT UNDER EITHER TAX CODE SECTION AND BELIEVE FILING AS A 509(A)(2) MORE ACCURATELY RELFECTS THEIR OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2023 AND GOING FORWARD. 0 DUE FROM PHLC 101780 101780 DUE TO RELATED PARTY 323159 323159 X 25045 0 25045 7921 7921 32966 -1478 -7921 -7921 6443 0 6443 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. PART XI, LINE 4B - OTHER ADJUSTMENTS: CREDIT LOSS RECOVERY 7,921. PART XII, LINE 2D - OTHER ADJUSTMENTS: CREDIT LOSS RECOVERY -7,921. 0 0 0 0 0 0 0 0 0 STEPHEN GIERINGER CEO, ASSISTANT TREASURER 0 147511 0 0 0 0 0 0 0 23549 0 171060 0 0 PART I, LINE 1A NEIGHBORHOOD HOUSING SERVICES OF GREATER BERKS, INC. USES COMPARISON TO SIMILAR ORGANIZATIONS' 990S AND APPROVAL FROM THE BOARD TO DETERMINE THE EXECUTIVE DIRECTOR'S COMPENSATION. PART I, LINE 3 NEIGHBORHOOD HOUSING SERVICES OF GREATER BERKS, INC. USES COMPARISON TO SIMILAR ORGANIZATIONS' 990S AND APPROVAL FROM THE BOARD TO DETERMINE THE EXECUTIVE DIRECTOR'S COMPENSATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE EXECUTIVE COMMITTEE AND THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, OFFICER, PERSONS EITHER EMPLOYED OR IN LEADERSHIP ROLES AS VOLUNTEERS OR INDEPENDENT CONTRACTORS, OTHER EMPLOYEES OR AGENTS AND MEMBERS OF ALL COMMITTEES SHALL SIGN A CERTIFICATION WHICH ANNUALLY AFFIRMS THAT SUCH PERSON HAS RECEIVED A COPY OF THE POLICY, HAS READ AND UNDERSTANDS THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS THAT THE ORGANIZATION IS A CHARITABLE ORGANIZATION WITH FEDERAL TAX EXEMPT STATUS AND IT MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ITS TAX EXEMPT PURPOSE. IT IS THE DUTY OF THE INDIVIDUAL TO DISCLOSE ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST. IF THE EXECUTIVE COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT AN INTERESTED PERSON HAS FAILED TO DISCLOSE A CONFLICT OF INTEREST, IT SHALL INFORM THE INDIVIDUAL OF THE BASIS FOR SUCH BELIEVE AND AFFORD THE INDIVIDUAL AN OPPORTUNITY TO EXPLAIN THE ALLEDGED FAILURE TO DISCLOSE. FORM 990, PART VI, SECTION B, LINE 15 ANNUAL PERFORMANCE REVIEW IS CONDUCTED BY THE EXECUTIVE COMMITTEE OF THE NHS BOARD OF DIRECTORS, INCLUDING SALARY INCREASES, AND THE BOARD PRESIDENT MEETS WITH THE EXEUCTIVE DIRECTOR TO DISCUSS THE REVIEW. ALL OTHER NHS EMPLOYEE'S ANNUAL REVIEWS ARE COMPLETED BY THE EXECUTIVE DIRECTOR, INCLUDING SALARY INCREASES, AND ARE DISCUSSED WITH THE EMPLOYEE. FORM 990, PART VI, SECTION C, LINE 18 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CUMULATIVE-EFFECT ADJUSTMENT OF IMPLEMENTING ASU 2016-13 40,712. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART V, LINES 1A AND 2A FORMS W-3 AND 1096 ARE FILED UNDER THE RELATED ENTITY NEIGHBORHOOD HOUSING SERVICES OF GREATER BERKS, INC.; EIN: 23-2066952. NEIGHBORHOOD HOUSING SERVICES OF GREATER BERKS INC 213 N FIFTH STREET READING PA 19601 232066952 FACILITATE AND PROVIDE AFFORDABLE HOUSING PROGRAMS AND INITIATIVES PA 501(C)(3) 170(B)(1)(A)(VI) N/A 0 PENNSYLVANIA HOME LENDING COLLABORATIVE INC 213 N FIFTH STREET READING PA 19601 472605170 PROVIDE AFFORABLE FINANCIAL ASSISTANCE FOR HOMEOWNERS PA 501(C)(3) 170(B)(1)(A)(VI) NEIGHBORHOOD HOUSING SERVICES OF GREATER BERKS INC 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NEIGHBORHOOD SERVICES OF GREATER BERKS INC E 323159 AMOUNT ADVANCED PENNSYLVANIA HOME LENDING COLLABORATIVE INC D 101780 AMOUNT ADVANCED