2025-04-16T11:03:09-05:00 2024-06-30 221478099 COHNREZNICK LLP 707 WILSHIRE BLVD STE 4950 LOS ANGELES CA 90017 990 2023-07-01 954646848 NHS NEIGHBORHOOD REDEVELOPMENT CORPORATION NHSN 2133812862 3926 WILSHIRE BLVD 200 LOS ANGELES CA 90010 LORI GAY PRESIDENT & CEO 2133812862 2025-04-16 1 1 JOLANTA TUCK P01340068 3108439700 2025-04-09 2023 2025-03-06 01:10:19Z LORI GAY 3926 WILSHIRE BLVD 200 LOS ANGELES CA 90010 913157 0 X WWW.NHSLACOUNTY.ORG X 1996 CA NHS NEIGHBORHOOD REDEVELOPMENT CORPORATION (NRC) 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. NRC 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. 5 5 0 6 0 0 1353723 0 3599747 819387 0 0 57566 65135 5011036 884522 0 0 0 0 0 1326606 0 0 94162 6216906 1684519 6216906 3011125 -1205870 -2126603 18460183 19686567 8653631 12006618 9806552 7679949 X NHS NEIGHBORHOOD REDEVELOPMENT CORPORATION (NRC) SERVES AS A CATALYST FOR LOCAL RESIDENTS, BUSINESS AND GOVERNMENT REPRESENTATIVES TO WORK TOGETHER TO BUILD STRONGER NEIGHBORHOODS, IMPROVE THE QUALITY OF LIFE FOR FAMILIES OF MODEST MEANS AND TO REVITALIZE COMMUNITIES INTO NEIGHBORHOODS OF CHOICE. NRC STRENGTHENS COMMUNITIES THROUGH THE DEVELOPMENT AND MAINTENANCE OF QUALITY AFFORDABLE HOUSING, CREATION AND PRESERVATION OF AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES AND HOUSING, SUPPORT OF LOCAL LEADERS, PROVIDING FINANCIAL EDUCATION AND HOUSING COUNSELING, AND INCREASING THE FINANCIAL INDEPENDENCE OF FAMILIES AND PEOPLE IN NEED. 0 0 2565155 819387 NHS NEIGHBORHOOD REDEVELOPMENT CORPORATION (NRC) CONTINUED ITS WORK TO STRENGTHEN AND REVITALIZE COMMUNITIES THROUGH THE LOS ANGELES REGION WITH AFFORDABLE, MISSION-DRIVEN REAL ESTATE SERVICES, AFFORDABLE HOUSING DEVELOPMENT AND COMMERCIAL PROPERTY MANAGEMENT SERVICES. DURING THE FISCAL YEAR, NRC SUPPORTED LOCAL REALTORS, WORKED TO ACQUIRE LOCAL PROPERTIES AND TO REPRESENT MODEST INCOME LOCAL SELLERS IN THE CHALLENGING REAL ESTATE MARKET. NRC MANAGED ITS OWN PROPERTIES AND ASSISTED MORE THAN 6,200 CLIENTS THROUGH FINANCIAL LITERACY WORKSHOPS, ESTATE PLANNING, AND HOMEBUYER EDUCATION WORKSHOPS. NRC ALSO PARTNERED WITH LOCAL NONPROFITS TO ASSIST MORE THAN 350 SMALL BUSINESS OWNERS WITH NEIGHBORHOOD EVENTS AND FINANCIAL WORKSHOPS TO STRENGTHEN THEIR BUSINESSES. NRC WORKED TO PROTECT MORE THAN $2.2 BILLION IN HOME/BUSINESS PROPERTY VALUES THROUGH THE EFFORTS OF THE NRC STAFF AND COMMUNITY BUILDING VOLUNTEERS. 2565155 1 0 0 0 0 0 0 0 0 0 1 0 0 0 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 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 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 VICE CHAIRPERSON (AS OF 02/01/24) 1.00 2.00 X X 0 0 0 SAL MENDOZA OUTGOING CHAIRMAN 1.00 2.00 X X 0 0 0 STEVE HERMAN CHAIRMAN (AS OF 2/1/24) 1.00 2.00 X X 0 0 0 ZEEDA DANIELE BOARD MEMBER 1.00 2.00 X 0 0 0 JAMES PRICE CONTROLLER & CFO 12.00 28.00 X 0 136796 24703 LORI GAY PRESIDENT & CEO 14.00 26.00 X 0 414941 36506 CONSTANCE ANDERSON SENIOR VP & CHIEF DEVELOPMENT OFFICER 12.00 28.00 X 0 151196 10353 JUANITA JIMENEZ OPERATIONS MANAGER 16.00 24.00 X 0 124326 11850 KIMBERLEY WOODS AVP & SENIOR PROGRAM DIREC 14.00 26.00 X 0 131603 10971 RHONDA MCMILLAN VP & CCAO 8.00 32.00 X 0 161815 10092 0 1120677 104475 0 0 1 0 SARAHANG CONSTRUCT 39312 DUNBAR ST PALMDALE CA 93551 CONSTRUCTION SERVICES 291600 VERDUGO CONSTRUCTION 17635 VINTAGE ST NORTHRIDGE CA 91325 CONSTRUCTION SERVICES 282064 2 CONSTRUCTION MANAGEMEN 531390 366107 366107 INTEREST ON NOTES RECE 531390 299980 299980 REAL ESTATE COMMISSION 531390 153300 153300 819387 93770 28635 65135 65135 65135 884522 819387 0 65135 X 989588 842121 103227 44240 337018 286796 35155 15067 21779 18533 2272 974 36890 31392 3848 1650 414839 353023 43272 18544 61106 52000 6374 2732 54965 54965 153356 146349 4905 2102 23493 19992 2451 1050 19920 19920 174240 42140 132100 149336 126678 15860 6798 PROGRAM EXPENSES 302457 302457 FUNDRAISING 162590 162590 DEPARTMENT OVERHEAD ALL 57457 57457 SERVICE CHARGES AND OTH 45965 39115 4795 2055 6126 9627 -2451 -1050 3011125 2565155 351808 94162 2066462 6032788 9518 26945 3753019 259016 4450468 4622433 27670 45728 10503131 1803474 8153046 8699657 18460183 19686567 437322 432375 1616881 3431976 2787348 2663734 665889 734723 3146191 4743810 8653631 12006618 X 5812021 3701011 3994531 3978938 9806552 7679949 18460183 19686567 -2126603 0 X 0 1 X 1 0 X 1253805 1327126 1353723 0 3934654 210250 3012162 819387 4041799 1253805 1537376 4365885 819387 7976453 0 0 0 7976453 135626 679894 93770 909290 135626 679894 93770 909290 1253805 1673002 5045779 913157 8885743 0.89770 0.89770 0.10230 0.10230 X 0 1606457 4830126 3013343 3423240 1 X 5920308 5920308 4013284 1252579 2760705 569539 550895 18644 8699657 INTER FUND PAYABLE 4743810 4743810 X 913370 213 213 913157 -28635 -28635 884522 3039973 213 28635 28848 3011125 0 3011125 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 HELP 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, 2024, 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, 2024, 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, 2024. THE FEDERAL INFORMATIONAL TAX RETURNS OF THE ORGANIZATION FOR TAX YEARS ENDED JUNE 30, 2021, 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 EXPENSE -28,635. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 28,635. 0 0 0 0 0 0 0 0 0 LORI GAY PRESIDENT & CEO 0 289941 0 125000 0 0 0 13200 0 23306 0 451447 0 0 RHONDA MCMILLAN VP & CCAO 0 151815 0 10000 0 0 0 6360 0 3732 0 171907 0 0 CONSTANCE ANDERSON SENIOR VP & CHIEF DEVELOPMENT OFFICE 0 148696 0 2500 0 0 0 0 0 10353 0 161549 0 0 JAMES PRICE CONTROLLER & CFO 0 126796 0 10000 0 0 0 0 0 24703 0 161499 0 0 PART I, LINE 3 COMPENSATION IS DETERMINED BY THE AFFILIATED ORGANIZATION, NHS, THROUGH THE USE OF INFORMATION FROM COMPARABLE ORGANIZATIONS, AND APPROVAL BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B NHS NEIGHBORHOOD REDEVELOPMENT CORPORATION'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 GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. HOWEVER, CURRENT TAX LAW DOES NOT REQUIRE GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS BE PROVIDED TO THE PUBLIC. FORM 990, PART IX, LINE 11G CONTRACT LABOR: PROGRAM SERVICE EXPENSES 109,220. MANAGEMENT AND GENERAL EXPENSES 13,388. FUNDRAISING EXPENSES 5,737. TOTAL EXPENSES 128,345. PROFESSIONAL SERVICE FEES: PROGRAM SERVICE EXPENSES 195,377. MANAGEMENT AND GENERAL EXPENSES 23,948. FUNDRAISING EXPENSES 10,263. TOTAL EXPENSES 229,588. HR RECRUITMENT EXPENSES: PROGRAM SERVICE EXPENSES 48,426. MANAGEMENT AND GENERAL EXPENSES 5,936. FUNDRAISING EXPENSES 2,544. TOTAL EXPENSES 56,906. NHS NEIGHBORHOOD LENDING SERVICE INC 3926 WILSHIRE BLVD 200 LOS ANGELES CA 90010 954646850 LENDING CA 501(C)(3) LINE 10 0 NEIGHBORHOOD HOUSING SERVICES OF LOS ANGELES COUNTRY 3926 WILSHIRE BLVD 200 LOS ANGELES CA 90010 953938955 DEVELOPMENT OF AFFORDABLE AND SUSTAINABLE HOMEOWNERSHIP OPPORTUNITIES CA 501(C)(3) LINE 7 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0