2026-05-13T02:54:02-05:00 2025-06-30 333709623 COHNREZNICK ADVISORY LLC 707 WILSHIRE BLVD STE 4950 LOS ANGELES CA 90017 990 2024-07-01 954646848 NHS NEIGHBORHOOD REDEVELOPMENT CORP NHSN 2133812862 3926 WILSHIRE BLVD 200 LOS ANGELES CA 90010 LORI GAY PRESIDENT & CEO 2133812862 2026-05-12 1 1 JOLANTA TUCK P01340068 3108439700 2026-05-09 2024 2025-03-06 01:10:19Z LORI GAY 3926 WILSHIRE BLVD 200 LOS ANGELES CA 90010 5519056 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. 6 5 0 5 0 0 0 4874304 819387 587557 0 0 65135 25145 884522 5487006 0 0 0 0 1326606 1274952 0 0 42946 1684519 1817071 3011125 3092023 -2126603 2394983 19686567 15430211 12006618 5355279 7679949 10074932 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 2850983 587557 NHS NEIGHBORHOOD REDEVELOPMENT CORPORATION (NRC) CONTINUED ITS WORK TO STRENGTHEN AND REVITALIZE COMMUNITIES THROUGHOUT THE LOS ANGELES REGION WITH AFFORDABLE, MISSION-DRIVEN REAL ESTATE SERVICES, AFFORDABLE HOUSING DEVELOPMENT AND COMMERCIAL PROPERTY MANAGEMENT SERVICES. DURING THE FISCAL YEAR, NRC RESPONDED TO THE LA WILDFIRES BY SUPPORTING LOCAL REALTORS, WORKING 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 7,000 CLIENTS THROUGH FINANCIAL LITERACY WORKSHOPS, ESTATE PLANNING, AND HOMEBUYER EDUCATION WORKSHOPS. NRC ALSO PARTNERED WITH LOCAL NONPROFITS TO SERVE AND REFER CLIENTS, SUPPORT NEIGHBORHOOD EVENTS AND FINANCIAL WORKSHOPS, AND TO STRENGTHEN LOCAL BUSINESSES. NRC WORKED TO PROTECT MORE THAN $2.2 BILLION IN HOME/BUSINESS PROPERTY VALUES. 2850983 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 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 25 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X HOWARD CHAN CFO 2133812862 3926 WILSHIRE BLVD 200 LOS ANGELES CA 90010 GLORIA TANG SECRETARY/TREASURER 1.00 2.00 X X 0 0 0 LORI GAY PRESIDENT & CEO 10.00 30.00 X X 0 326312 36824 RIGOBERTO REYES BOARD MEMBER 1.00 2.00 X 0 0 0 RON TURNER VICE CHAIRPERSON 1.00 2.00 X X 0 0 0 STEVE HERMAN CHAIRPERSON 1.00 2.00 X X 0 0 0 ZEEDA DANIELE BOARD MEMBER 1.00 2.00 X 0 0 0 HOWARD CHAN CFO 12.00 28.00 X 0 0 0 JAMES PRICE CONTROLLER (OUTGOING) 12.00 28.00 X 0 131074 26307 JUANITA JIMENEZ OPERATIONS MANAGER 16.00 24.00 X 0 134511 15102 KIMBERLEY WOODS AVP & SENIOR PROGRAM DIREC 20.00 20.00 X 0 144133 20050 RHONDA MCMILLAN VP & CCAO 8.00 32.00 X 0 180096 11238 0 916126 109521 0 0 1 0 0 4571354 302950 4874304 CONSTRUCTION MANAGEMEN 531390 284815 284815 INTEREST ON NOTES RECE 531390 277742 277742 REAL ESTATE COMMISSION 531390 25000 25000 587557 57195 32050 25145 25145 25145 5487006 587557 0 25145 926588 773300 122076 31212 348364 290734 45896 11734 197224 197224 45361 39010 6351 103388 103388 95887 95887 168956 160838 8118 816 816 2884 2884 145381 145381 60012 51610 8402 PROGRAM EXPENSES 399430 399430 LOSS ON BUILDING DEMOLI 300427 300427 FUNDRAISING 188788 188788 SERVICE CHARGES AND OTH 51795 44544 7251 56722 56722 3092023 2850983 198094 42946 6032788 1238130 26945 259016 4622433 4794697 45728 48119 6826097 1607461 8699657 5218636 0 4130629 19686567 15430211 432375 437291 326846 3431976 2102246 2663734 2352678 734723 136218 4743810 0 12006618 5355279 X 3701011 6096844 3978938 3978088 7679949 10074932 19686567 15430211 2394983 0 X 0 1 X 1 0 X 1253805 1327126 1353723 4874304 8808958 210250 3012162 819387 587557 4629356 1253805 1537376 4365885 819387 5461861 13438314 0 0 0 13438314 135626 679894 93770 57195 966485 135626 679894 93770 57195 966485 1253805 1673002 5045779 913157 5519056 14404799 0.93290 0.89770 0.06710 0.10230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 3023664 3023664 2905995 872005 2033990 314643 176586 138057 578895 558870 20025 2900 2900 5218636 LAND HELD FOR SALE 4130629 4130629 X 5519056 0 5519056 -32050 -32050 5487006 3124073 32050 32050 3092023 0 3092023 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, 2025, 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, 2025, 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, 2025. THE FEDERAL INFORMATIONAL TAX RETURNS OF THE ORGANIZATION FOR TAX YEARS ENDED JUNE 30, 2022, 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, 2021, 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 -32,050. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 32,050. 0 0 0 0 0 0 0 0 0 LORI GAY PRESIDENT & CEO 0 326312 0 0 0 0 0 13400 0 23424 0 363136 0 0 RHONDA MCMILLAN VP & CCAO 0 180096 0 0 0 0 0 7348 0 3890 0 191334 0 0 KIMBERLEY WOODS AVP & SENIOR PROGRAM DIREC 0 141633 0 2500 0 0 0 5000 0 15050 0 164183 0 0 JAMES PRICE CONTROLLER (OUTGOING) 0 131074 0 0 0 0 0 0 0 26307 0 157381 0 0 PART I, LINE 3 COMPENSATION IS DETERMINED BY THE AFFILIATED ORGANIZATION, NHS, THROUGH THE USE OF DATA FROM COMPARABLE ORGANIZATIONS AND BOARD APPROVAL. 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 B, LINE 15 NEIGHBORHOOD HOUSING SERVICES OF LOS ANGELES COUNTY'S BOARD OF DIRECTORS HAS A PROCESS FOR REVIEWING AND APPROVING THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER AND OTHER OFFICERS ON A REGULAR BASIS TO DETERMINE IT IS FAIR AND REASONABLE WITH THE GOAL OF RETAINING EMPLOYEES AT COMPENSATION LEVELS WITHIN APPROPRIATE MARKET RANGE. THE PROCESS FOR DETERMINING THE COMPENSATION PAID TO THE CEO & OTHER OFFICERS INCLUDES THE APPROVAL OF THE COMPENSATION ARRANGEMENT IN ADVANCE, BY THE BOARD OF DIRECTORS, WITH ALL PERSONS WITH A CONFLICT-OF-INTEREST ABSTAINING FROM THE BOARD'S DELIBERATION AND DISCUSSION. THE BOARD REVIEWS DATA OF COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED NONPROFIT EXECUTIVES AT SIMILARLY SITUATED ENTITIES. THE DOCUMENTATION OF THE BOARD INCLUDES THE TERMS OF THE TRANSACTION AND THE DATE OF APPROVAL, THE MEMBERS WHO WERE PRESENT DURING THE DEBATE AND VOTE ON THE TRANSACTION, A DESCRIPTION OF THE COMPARABLE DATA AND HOW IT WAS OBTAINED, AND DOCUMENTATION OF THE BASIS FOR THE DETERMINATION. 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. 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 1 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0