2026-04-29T18:38:50-05:00 2025-12-31 333709623 COHNREZNICK ADVISORY LLC 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2025-01-01 841542593 NEIGHBORWORKS CAPITAL CORPORATION NEIG 2408211651 8484 GEORGIA AVE SUITE 330 SILVER SPRING MD 20910 JAMES PEFFLEY CHIEF EXECUTIVE OFFICER 2408211651 2026-04-28 1 LAURA KIELCZEWSKI P00740769 3016529100 2026-04-22 2025 2025-03-06 01:10:19Z JAMES PEFFLEY 8484 GEORGIA AVE SUITE 330 SILVER SPRING MD 20910 11452512 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 25 27 0 0 4548588 3350099 6627090 6518245 957437 1574886 286579 0 12419694 11443230 0 0 0 0 4129519 4788645 0 0 465524 3470311 3400027 7599830 8188672 4819864 3254558 134664520 133617545 69764912 65463379 64899608 68154166 NEIGHBORWORKS CAPITAL DELIVERS THE FLEXIBLE CAPITAL NEEDED BY NEIGHBORWORKS AMERICA AFFILIATES TO PROVIDE AFFORDABLE HOMES AND STRENGTHEN COMMUNITIES. 0 0 6244923 6455993 PROVIDING FINANCING FOR THE ACQUISITION, DEVELOPMENT, AND REHABILITATION OF AFFORDABLE HOMES FOR SALE, RENTAL AND COMMERCIAL PROJECTS. 62252 NEIGHBORWORKS CAPITAL ALSO PROVIDES CONSULTING SERVICES FOR NEIGHBORWORKS AMERICA MEMBER ORGANIZATIONS AND OTHER ORGANIZATIONS WITHIN THE AFFORDABLE HOUSING INDUSTRY. 6244923 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 26 0 1 25 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 1 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 (UNTIL 4/25) 1.00 X X 0 0 0 MEGAN TEARE VICE CHAIR & SECRETARY 1.00 X X 0 0 0 CAROLINE HORTON TREAS (UNTIL 4/25)/PRES (FROM 5/25) 1.00 X X 0 0 0 ANDY MADEIRA OUTGOING (UNTIL 5/25) 1.00 X 0 0 0 CHARLOTTE CROW TREASURER (FROM 5/25) 1.00 X 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 BILL MCKINNEY DIRECTOR 1.00 X 0 0 0 LIZETH SERVIN DIRECTOR 1.00 X 0 0 0 JAMES M PEFFLEY CHIEF EXECUTIVE OFFICER 38.00 X 381006 0 54873 MATTHIAS GLATTING CHIEF FINANCIAL OFFICER 38.00 X 305540 0 18332 ELIZABETH O'LEARY CHIEF PORTFOLIO OFFICER 38.00 X 258681 0 15521 NANCY WAGNER-HISLIP CHIEF OF CONSULTING 38.00 X 248833 0 33483 LAURA E ALTOMARE CHIEF GROWTH OFFICER 38.00 X 213790 0 35394 BRENT BOZMAN CONTROLLER 38.00 X 186406 0 11941 JARROD BRENNET DIRECTOR OF PORTFOLIO MANAGEMENT 38.00 X 169165 0 17689 LANIE WASSERMAN DIRECTOR OF LENDING 38.00 X 182099 0 35411 EBONY L PERKINS MANAGING DIRECTOR 38.00 X 187527 0 19618 MICHAEL HAAS SENIOR LOAN OFFICER 38.00 X 162323 0 26480 STEPHEN J PEELOR FORMER CHIEF LENDING OFFICER 38.00 X 121107 0 7803 2416477 0 276545 21 1 1 0 0 800000 2550099 3350099 LOAN INTEREST 531390 6059550 6059550 LOAN FEES 531390 375259 375259 CONSULTING INCOME 531390 62252 62252 LOAN SERVICE FEE 531390 21184 21184 6518245 1584168 1584168 9282 -9282 -9282 -9282 11443230 6518245 0 1574886 1565453 1025599 414860 124994 128910 84455 34162 10293 2504422 1640759 663696 199967 152358 99817 40376 12165 162534 106483 43074 12977 274968 180144 72869 21955 22615 10721 8677 3217 70090 33228 26892 9970 18132 18132 172500 90373 55009 27118 102563 92307 10256 36369 31358 3539 1472 125216 100173 18782 6261 149876 119900 14988 14988 10946 8757 2189 1923296 1923296 44099 33074 8820 2205 48214 40982 4821 2411 REPAIRS AND MAINTENANCE 309803 278823 27882 3098 BAD DEBTS 204751 204751 STAFF DEVELOPMENT 43532 37002 4353 2177 SERVICE FEE EXPENSE 1233 1233 116792 101688 15104 8188672 6244923 1478225 465524 22821055 29724078 10364604 1817345 380000 40325 680029 85423 74131 288128 215275 103324 72853 92000 94300 100187114 100267675 305500 528003 285175 359131 134664520 133617545 1220963 1490238 2156482 2908495 65893009 60830036 494458 234610 69764912 65463379 X 37817656 42173816 27081952 25980350 64899608 68154166 134664520 133617545 3254558 0 X 0 1 X 1 1 1 X 4330265 3714496 3646166 4548588 3350099 19589614 4330265 3714496 3646166 4548588 3350099 19589614 514908 19074706 16747 33856 396618 931848 1584168 2963237 177196 150134 1087842 286579 1701751 24254602 30034282 0.78640 0.83140 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 11224 1620 127866 86720 41146 147418 117331 30087 72853 LOANS RECEIVABLE 100267675 F 100267675 PROVISION FOR UNFUNDED COMMITMENTS 234610 234610 X 11443230 0 11443230 0 11443230 8188672 0 8188672 0 8188672 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 SOLUTIONS, 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 2022 REMAIN OPEN FOR EXAMINATION. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECOVERY OF LOAN LOSS X X 0 0 0 0 0 0 0 1 0 JAMES M PEFFLEY CHIEF EXECUTIVE OFFICER 377442 0 0 0 3564 0 21000 0 33873 0 435879 0 0 0 MATTHIAS GLATTING CHIEF FINANCIAL OFFICER 275000 0 30000 0 540 0 18332 0 0 0 323872 0 0 0 NANCY WAGNER-HISLIP CHIEF OF CONSULTING 223643 0 22000 0 3190 0 15107 0 18376 0 282316 0 0 0 ELIZABETH O'LEARY CHIEF PORTFOLIO OFFICER 231750 0 22500 0 4431 0 15521 0 0 0 274202 0 0 0 LAURA E ALTOMARE CHIEF GROWTH OFFICER 200794 0 12000 0 996 0 5895 0 29499 0 249184 0 0 0 LANIE WASSERMAN DIRECTOR OF LENDING 162356 0 18966 0 777 0 11180 0 24231 0 217510 0 0 0 EBONY L PERKINS MANAGING DIRECTOR 187171 0 0 0 356 0 11421 0 8197 0 207145 0 0 0 BRENT BOZMAN CONTROLLER 169887 0 16000 0 519 0 11191 0 750 0 198347 0 0 0 MICHAEL HAAS SENIOR LOAN OFFICER 147446 0 14606 0 271 0 9941 0 16539 0 188803 0 0 0 JARROD BRENNET DIRECTOR OF PORTFOLIO MANAGEMENT 168878 0 0 0 287 0 10217 0 7472 0 186854 0 0 0 STEPHEN J PEELOR FORMER CHIEF LENDING OFFICER 110602 0 10000 0 505 0 4193 0 3610 0 128910 0 0 0 PART I, LINE 7 PERSONS LISTED RECEIVED ANNUAL PERFORMANCE BONUSES BASED ON INDIVIDUAL AND OTHER CORPORATE GOAL ACHIEVEMENT. FORM 990, PART VI, SECTION A, LINE 4 DURING THE YEAR, THE ORGANIZATION AMENDED ITS BYLAWS TO REFLECT SIGNIFICANT GOVERNANCE CHANGES. AMENDMENTS REVISED PROVISIONS RELATING TO THE BOARD OF DIRECTORS, INCLUDING CLARIFICATION OF DIRECTOR ELECTION PROCEDURES, ELIMINATION OF EX OFFICIO DIRECTOR REFERENCES, INCREASED FLEXIBILITY REGARDING THE NUMBER OF DIRECTORS, AND EXPANDED ELIGIBILITY CRITERIA TO BROADEN THE POOL OF POTENTIAL BOARD MEMBERS. THE BYLAWS WERE ALSO AMENDED TO UPDATE DIRECTOR REMOVAL PROVISIONS AND VOTING REQUIREMENTS, INCLUDING ENHANCED REPRESENTATION AND APPROVAL REQUIREMENTS INVOLVING RURAL DIRECTORS. IN ADDITION, THE BYLAWS WERE AMENDED TO AUTHORIZE THE ELECTION OF ADDITIONAL OFFICER POSITIONS AND TO CLARIFY THE DUTIES AND REPORTING STRUCTURE OF SUCH OFFICERS. OFFICER SELECTION PROVISIONS WERE FURTHER REVISED TO ESTABLISH DEFINED OFFICER TERM LENGTHS, IMPLEMENT OFFICER ROTATION LIMITS, AND ALIGN THE CHIEF EXECUTIVE OFFICER'S OFFICER TERM WITH CEO TENURE. FORM 990, PART VI, SECTION B, LINE 11B 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 1122547 23454210 NEIGHBORWORKS CAPITAL CORP NEIGHBORWORKS CAPITAL SOLUTIONS LLC 8484 GEORGIA AVE SUITE 330 SILVER SPRING MD 20910 352825805 PLACEHOLDER ENTITY WITH MINIMAL ASSETS DE 0 5000 NEIGHBORWORKS CAPITAL CORP NEIGHBORWORKS CAPITAL CONSULTING 8484 GEORGIA AVE SUITE 330 SILVER SPRING MD 20910 990626570 AFFORDABLE HOUSING INDUSTRY CONSULTING DE 52252 148184 NEIGHBORWORKS CAPITAL CORP