2025-04-25T08:28:28-05:00 2024-12-31 333709623 COHNREZNICK ADVISORY LLC 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2024-01-01 841542593 NEIGHBORWORKS CAPITAL CORPORATION NEIG 2408211651 8484 GEORGIA AVE SUITE 330 SILVER SPRING MD 20910 JAMES PEFFLEY CHIEF EXECUTIVE OFFICER 2408211651 2025-04-25 1 1 LAURA KIELCZEWSKI P00740769 3016529100 2025-04-22 2024 2025-03-06 01:10:19Z JAMES PEFFLEY 8484 GEORGIA AVE SUITE 330 SILVER SPRING MD 20910 12419694 0 X WWW.NEIGHBORWORKSCAPITAL.ORG X 2000 CO SEE SCHEDULE ONEIGHBORWORKS CAPITAL DELIVERS THE FLEXIBLE CAPITAL NEEDED BY NEIGHBORWORKS AMERICA AFFILIATES TO PROVIDE AFFORDABLE HOMES AND STRENGTHEN COMMUNITIES. 13 13 24 13 0 0 3646166 4548588 6170630 6627090 525515 957437 1087842 286579 11430153 12419694 0 0 0 0 3206073 4129519 0 0 474122 2913744 3470311 6119817 7599830 5310336 4819864 133083719 134664520 73003975 69764912 60079744 64899608 X NEIGHBORWORKS CAPITAL DELIVERS THE FLEXIBLE CAPITAL NEEDED BY NEIGHBORWORKS AMERICA AFFILIATES TO PROVIDE AFFORDABLE HOMES AND STRENGTHEN COMMUNITIES. 1 0 5928660 6807551 PROVIDING FINANCING FOR THE ACQUISITION, DEVELOPMENT, AND REHABILITATION OF AFFORDABLE HOMES FOR SALE, RENTAL AND COMMERCIAL PROJECTS. 106118 NEIGHBORWORKS CAPITAL ALSO PROVIDES CONSULTING SERVICES FOR NEIGHBORWORKS AMERICA MEMBER ORGANIZATIONS AND OTHER ORGANIZATIONS WITHIN THE AFFORDABLE HOUSING INDUSTRY. 5928660 1 1 0 0 0 0 0 0 1 0 1 0 1 0 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 1 0 0 0 0 1 28 0 1 24 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X JAMES PEFFLEY 2408211651 8484 GEORGIA AVE SUITE 330 SILVER SPRING MD 20910 ROSA RIOS VALDEZ PRESIDENT 1.00 X X 0 0 0 MEGAN TEARE VP & SECRETARY 1.00 X X 0 0 0 CAROLINE HORTON TREASURER 1.00 X X 0 0 0 ANDY MADEIRA DIRECTOR 1.00 X 0 0 0 CHARLOTTE CROW DIRECTOR 1.00 X 0 0 0 EILEEN NEELY DIRECTOR 1.00 X 0 0 0 EMMANUEL KINARD DIRECTOR 1.00 X 0 0 0 FRED DODSON JR DIRECTOR 1.00 X 0 0 0 GRACE CHIONUMA DIRECTOR 1.00 X 0 0 0 JEFF REED DIRECTOR 1.00 X 0 0 0 LAURA MEADOWS DIRECTOR 1.00 X 0 0 0 LEAH EVANS DIRECTOR 1.00 X 0 0 0 TATIANA BLANK DIRECTOR 1.00 X 0 0 0 JAMES M PEFFLEY CHIEF EXECUTIVE OFFICER 38.00 X 443850 0 61415 MATTHIAS GLATTING CHIEF FINANCIAL OFFICER 38.00 X 278084 0 16685 ELIZABETH O'LEARY CHIEF PORTFOLIO OFFICER 38.00 X 252147 0 15129 STEPHEN J PEELOR CHIEF LENDING OFFICER 38.00 X 241049 0 28599 NANCY WAGNER-HISLIP CHIEF OF CONSULTING 38.00 X 218775 0 31461 BRENT BOZMAN CONTROLLER 38.00 X 173871 0 11069 ADAM J COILE SENIOR PORTFOLIO MGR (THROUGH 12/24) 38.00 X 167344 0 37464 LANIE WASSERMAN SENIOR LOAN OFFICER 38.00 X 162720 0 33645 TIANA COLL DIRECTOR, ANALYSIS & TECH. OPER. 38.00 X 134349 0 7371 MICHAEL HAAS SENIOR LOAN OFFICER 38.00 X 156818 0 26286 2229007 0 269124 9 0 1 0 NTIVA 7900 WESTPARK DRIVE 100 MCLEAN VA 22102 IT SUPPORT 105774 1 764338 3784250 4548588 LOAN INTEREST 531390 6128585 6128585 LOAN FEES 531390 380656 380656 CONSULTING INCOME 531390 106118 106118 LOAN SERVICE FEE 531390 11731 11731 6627090 931848 931848 25589 0 25589 25589 25589 RECOVERY OF LOAN LOSS 531390 286579 286579 286579 12419694 6913669 0 957437 1587193 1113515 340821 132857 1977586 1387400 424651 165535 99808 70022 21432 8354 237098 166339 50912 19847 227834 159840 48923 19071 29968 14777 2532 12659 72195 28878 28878 14439 30706 29171 1535 353141 111644 180740 60757 61757 55581 6176 41231 35433 4003 1795 147294 117835 22094 7365 147047 117637 14705 14705 13564 10851 2713 2067289 2067289 38520 28890 7704 1926 44499 37824 4450 2225 REPAIRS AND MAINTENANCE 296524 266872 26687 2965 STAFF DEVELOPMENT 38220 32487 3822 1911 DUES 22025 19823 2202 SERVICE FEE EXPENSE 1140 1140 65191 55412 9779 7599830 5928660 1197048 474122 4903920 22821055 26058210 10364604 380000 31579 40325 79731 85423 277276 173952 70749 103324 92000 101206006 100187114 432510 305500 301014 285175 133083719 134664520 1335396 1220963 2587781 2156482 68717013 65893009 363785 494458 73003975 69764912 X 33997792 37817656 26081952 27081952 60079744 64899608 133083719 134664520 4819864 0 X 0 1 X 1 1 1 X 2500000 4330265 3714496 3646166 4548588 18739515 2500000 4330265 3714496 3646166 4548588 18739515 562763 18176752 41522 16747 33856 396618 931848 1420591 177196 150134 1087842 286579 1701751 21861857 29299490 0.83140 0.89510 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE - RECOVERY OF LOAN LOSS - 2021 AMOUNT: $ 177,196. 2022 AMOUNT: $ 150,134. 2023 AMOUNT: $ 1,087,842. 2024 AMOUNT: $ 286,579. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 12844 10459 2385 114402 58880 55522 150030 104613 45417 103324 LOANS RECEIVABLE 100187114 F 100187114 PROVISION FOR UNFUNDED COMMITMENTS 494458 494458 X 12133115 0 12133115 286579 286579 12419694 7313251 0 7313251 286579 286579 7599830 PART IV, LINE 2B: THE ESCROW CASH ACCOUNTS ARE RESTRICTED CASH ACCOUNTS REPRESENTING RESERVE ACCOUNTS HELD FOR BORROWERS AND INTENDED FOR SPECIFIC PURPOSES AND ASSOCIATED WITH PERMANENT LOANS EXTENDED TO BORROWERS. RESERVES INCLUDE I) REPAIR AND REPLACEMENT RESERVES DESIGNATED FOR CAPITAL IMPROVEMENTS AS WELL AS II) INTEREST/OPERATING RESERVES. PART X, LINE 2: THE ORGANIZATION HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. DUE TO ITS TAX-EXEMPT STATUS, THE ORGANIZATION IS NOT SUBJECT TO INCOME TAXES. THE ORGANIZATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES, AND THE ORGANIZATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. THE ORGANIZATION IS THE SINGLE MEMBER OF NC PL LLC, NEIGHBORWORKS CAPITAL GREEN, LLC, AND NEIGHBORWORKS CAPITAL CONSULTING, LLC (THE "SUBSIDIARIES"). AS SUCH, THE SUBSIDIARIES ARE TREATED AS DISREGARDED ENTITIES UNDER THE INTERNAL REVENUE CODE AND THE ORGANIZATION REPORTS THE ACTIVITIES OF THE SUBSIDIARIES AND THE EXISTENCE OF ITS CONTROLLING INTEREST IN THE SUBSIDIARIES ON THE ORGANIZATION'S TAX RETURN. TAX RETURNS FILED BY THE ORGANIZATION ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO TAX RETURNS OF THE ORGANIZATION ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX RETURNS FILED SINCE 2021 REMAIN OPEN FOR EXAMINATION. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECOVERY OF LOAN LOSS 286,579. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECOVERY OF LOAN LOSS 286,579. X X 0 0 0 0 0 0 0 1 0 JAMES M PEFFLEY CHIEF EXECUTIVE OFFICER 343522 0 98000 0 2328 0 20700 0 40715 0 505265 0 0 0 MATTHIAS GLATTING CHIEF FINANCIAL OFFICER 250000 0 27600 0 484 0 16685 0 0 0 294769 0 0 0 STEPHEN J PEELOR CHIEF LENDING OFFICER 218063 0 20972 0 2014 0 14592 0 14007 0 269648 0 0 0 ELIZABETH O'LEARY CHIEF PORTFOLIO OFFICER 225000 0 24000 0 3147 0 15129 0 0 0 267276 0 0 0 NANCY WAGNER-HISLIP CHIEF OF CONSULTING 216757 0 0 0 2018 0 13321 0 18140 0 250236 0 0 0 ADAM J COILE SENIOR PORTFOLIO MGR (THROUGH 12/24) 149078 0 18000 0 266 0 10339 0 27125 0 204808 0 0 0 LANIE WASSERMAN SENIOR LOAN OFFICER 147571 0 14450 0 699 0 10012 0 23633 0 196365 0 0 0 BRENT BOZMAN CONTROLLER 159893 0 13500 0 478 0 10439 0 630 0 184940 0 0 0 MICHAEL HAAS SENIOR LOAN OFFICER 156556 0 0 0 262 0 9614 0 16672 0 183104 0 0 0 PART I, LINE 7 PERSONS LISTED RECEIVED ANNUAL PERFORMANCE BONUSES BASED ON INDIVIDUAL AND OTHER CORPORATE GOAL ACHIEVEMENT. FORM 990, PART III, LINE 2 IN DECEMBER 2023, NEIGHBORWORKS CAPITAL FORMED A WHOLLY-OWNED SUBSIDIARY, NEIGHBORWORKS CAPITAL CONSULTING, LLC, FOR THE PURPOSE OF PROVIDING CONSULTING SERVICES FOR NEIGHBORWORKS AMERICA MEMBER ORGANIZATIONS AND OTHER ORGANIZATIONS WITHIN THE AFFORDABLE HOUSING INDUSTRY. OPERATIONS FOR THESE TYPES OF SERVICES BEGAN IN 2024. FORM 990, PART VI, SECTION B, LINE 11B UPON RECEIPT OF THE DRAFT 990, THE FINANCE COMMITTEE, CONSISTING OF AT LEAST ONE FINANCE PROFESSIONAL, REVIEWS THE 990 FOR ACCURACY. THE FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF THE GOVERNING BODY PRIOR TO ITS SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ENFORCES A DUTY TO DISCLOSE THAT IN ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS, WHEREUPON A DETERMINATION IS MADE REGARDING WHETHER A CONFLICT OF INTEREST EXISTS BY THE BOARD OR COMMITTEE ONCE THIS DISCLOSURE IS MADE. A WRITTEN AND SIGNED ANNUAL STATEMENT IS REQUIRED OF EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS. PERIODIC REVIEWS ARE CONDUCTED OF THESE ANNUAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 15A ANNUALLY THE CHAIR OF THE NEIGHBORWORKS CAPITAL BOARD OF DIRECTORS GAINS FEEDBACK FROM THE DIRECTORS ON CEO PERFORMANCE AND CONDUCTS AN ANNUAL WRITTEN REVIEW OF THE CEO. IN ADDITION, IT DETERMINES ANY BONUS EARNED AND APPROVES CEO COMPENSATION FOR THE UPCOMING CALENDAR YEAR. THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE ANNUAL BUDGET, WHICH INCLUDES THE ORGANIZATIONS OVERALL COMPENSATION PLAN FOR THE UPCOMING CALENDAR YEAR. SENIOR MANAGEMENT TEAM SALARIES ARE DETERMINED DURING THE ANNUAL PERFORMANCE REVIEW PROCESS BASED ON THE EMPLOYEE'S PRIOR YEAR PERFORMANCE AND SALARIES FOR COMPARABLE POSITIONS IN THE SAME FIELD. PERFORMANCE REVIEW INCREASES AND STAFF BONUS PAYMENTS ARE APPROVED BY THE CEO. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC ON NEIGHBORWORKS CAPITAL'S WEBSITE. NC PL LLC 8484 GEORGIA AVE SUITE 330 SILVER SPRING MD 20910 881421283 LENDING FOR AFFORDABLE HOUSING PROJECTS MD 1141393 23486897 NEIGHBORWORKS CAPITAL CORP NEIGHBORWORKS CAPITAL GREEN LLC 8484 GEORGIA AVE SUITE 330 SILVER SPRING MD 20910 352825805 ENVIRONMENT LENDING AND GRANTS DE 0 5000 NEIGHBORWORKS CAPITAL CORP NEIGHBORWORKS CAPITAL CONSULTING 8484 GEORGIA AVE SUITE 330 SILVER SPRING MD 20910 990626570 AFFORDABLE HOUSING INDUSTRY CONSULTING DE 106368 106062 NEIGHBORWORKS CAPITAL CORP