2024-05-15T12:02:30-05:00 2023-06-30 221478099 COHNREZNICK LLP 707 WILSHIRE BLVD STE 4950 LOS ANGELES CA 90017 990 2022-07-01 953938955 NEIGHBORHOOD HOUSING SERVICES OF LOS ANGELES COUNTY NEIG 2133812862 3926 WILSHIRE BLVD 200 LOS ANGELES CA 90010 LORI GAY PRESIDENT & CEO 2133812862 2024-05-15 1 LORI GAY 999009999 1 JOLANTA TUCK CPA P01340068 3108439700 2024-05-13 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z LORI GAY 3926 WILSHIRE BLVD 200 LOS ANGELES CA 90010 2384218 0 X WWW.NHSLACOUNTY.ORG X 1997 CA NEIGHBORHOOD HOUSING SERVICES OF LOS ANGELES COUNTY (NHS) 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. NHS 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 6 49 6 0 0 3175342 2314704 0 750 0 0 62893 32810 3238235 2348264 0 0 0 0 732463 845543 0 0 77192 1381455 712991 2113918 1558534 1124317 789730 4817869 4429875 5422727 4245003 -604858 184872 X NEIGHBORHOOD HOUSING SERVICES OF LOS ANGELES COUNTY (NHS) 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. NHS 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 1430495 750 NHS CONTINUES ITS COMMITMENT TO STRENGTHEN LOW TO MODERATE INCOME COMMUNITIES THROUGH THE DEVELOPMENT OF AFFORDABLE AND SUSTAINABLE HOMEOWNERSHIP OPPORTUNITIES. FOR THIS FISCAL YEAR, NHS PROVIDED 2,248 MORTGAGE ASSISTANCE, 3,245 COUNSELING AND FINANCIAL LITERACY EDUCATION TO HOUSEHOLDS AND ASSISTED CLIENTS IN AVOIDING FORECLOSURE THROUGH HOME RETENTION/DISPOSITION OPTIONS. NHS ORIGINATED 76 AFFORDABLE LOANS FOR FAMILIES, PROVIDED REINVESTMENT IN LOCAL NEIGHBORHOODS AND HOSTED EDUCATIONAL WORKSHOPS AND PARTICIPATED IN NEIGHBORHOOD BASED EVENTS. THROUGH DIRECT EVENTS CONTACT, MEDIA, DIRECT MAIL AND ADVERTISING, NHS ENGAGED MANY VOLUNTEERS. 1430495 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 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 1 1 0 0 1 40 0 1 49 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 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 BOARD MEMBER 1.00 2.00 X 0 0 0 SAL MENDOZA CHAIRMAN 1.00 2.00 X X 0 0 0 STEVE HERMAN VICE CHAIRMAN 1.00 2.00 X X 0 0 0 WARREN HARRIS BOARD MEMBER (UNTIL AUGUST 18, 2022) 1.00 2.00 X 0 0 0 ZEEDA DANIELE BOARD MEMBER 1.00 2.00 X 0 0 0 JAMES PRICE CONTROLLER & CFO 16.00 24.00 X 122538 0 19982 LORI GAY PRESIDENT & CEO 12.00 28.00 X 244820 0 29099 JEAN PAUL VEEN VP & COO 4.00 36.00 X 163890 0 18951 KELLIE TODD GRIFFIN SENIOR VP & CAO 12.00 28.00 X 128545 0 4977 KIMBERLEY WOODS AVP & SENIOR PROGRAM DIRECTOR 12.00 28.00 X 122736 0 2719 RHONDA MCMILLAN VP & CCAO 8.00 32.00 X 149329 0 9814 JUANITA JIMENEZ OPERATIONS MANGER 8.00 32.00 X 114158 0 10907 1046016 0 96449 8 0 1 0 0 1156075 1158629 2314704 EDUCATION FEES 611710 750 750 750 68764 35954 32810 32810 32810 2348264 750 0 32810 425737 390762 13890 21085 269129 247020 8780 13329 8474 7778 276 420 93322 85655 3045 4622 48881 44866 1595 2420 2659 2440 87 132 22500 20652 734 1114 112987 103705 3686 5596 18988 17428 620 940 175226 160831 5717 8678 106087 97372 3461 5254 168072 154265 5483 8324 EQUIPMENT RENT AND MAIN 65718 60319 2144 3255 BAD DEBT EXPENSES 32768 30076 1069 1623 7986 7326 260 400 1558534 1430495 50847 77192 535283 42730 627329 322918 4200 304224 20663 26856 4768976 1201346 3630394 3567630 0 165517 4817869 4429875 224958 718540 832 5556 10424 2839486 2787345 1319130 728694 1032765 0 5422727 4245003 X -604858 156688 28184 -604858 184872 4817869 4429875 789730 0 X 0 1 X 1 0 X 2159833 2323250 3115721 3175342 2314704 13088850 2159833 2323250 3115721 3175342 2314704 13088850 13088850 596 62893 68764 132253 13221103 185985 0.99000 0.93370 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 1259644 1259644 3130083 851916 2278167 379249 349430 29819 3567630 X 13884667 2440 11498009 11500449 2384218 -35954 -35954 2348264 12166391 2440 10605417 10607857 1558534 0 1558534 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 OF THE STATE OF CALIFORNIA AND, GENERALLY, IS SUBJECT TO STATE AND FEDERAL INCOME TAXES ON ANY NET INCOME THAT IS DERIVED FROM A TRADE OR BUSINESS, REGULARLY CARRIED ON, AND NOT IN FURTHERANCE OF THE PURPOSE FOR WHICH THE ORGANIZATION WAS GRANTED EXEMPTION. NO INCOME TAX PROVISION HAS BEEN RECORDED FROM ANY UNRELATED TRADE OR BUSINESS. IN THE OPINION OF MANAGEMENT, UNRELATED BUSINESS INCOME, IF ANY, IS NOT MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS TAKEN AS A WHOLE. THE ORGANIZATION FOLLOWS THE PROVISIONS OF ASC TOPIC 740, INCOME TAXES, WHICH PROVIDES STANDARDS FOR ESTABLISHING, CLASSIFYING, AND DISCLOSING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. AS OF JUNE 30, 2023, THE ORGANIZATION HAS CONCLUDED THAT THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF TAX ASSETS OR LIABILITIES OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION HAS RECOGNIZED NO INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS.THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ORGANIZATION'S INCOME TAX RETURNS REMAIN SUBJECT TO EXAMINATION FOR ALL TAX YEARS ENDED ON OR AFTER JUNE 30, 2020 WITH REGARD TO ALL TAX POSITIONS AND RESULTS REPORTED. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION REVENUES 11,498,009. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSE -35,954. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION EXPENSES 10,569,463. RENTAL EXPENSE 35,954. X X 0 0 0 0 0 0 0 1 0 LORI GAY PRESIDENT & CEO 244820 0 0 0 0 0 10065 0 19034 0 273919 0 0 0 JEAN PAUL VEEN VP & COO 157890 0 6000 0 0 0 6704 0 12247 0 182841 0 0 0 RHONDA MCMILLAN VP & CCAO 142329 0 7000 0 0 0 6108 0 3706 0 159143 0 0 0 PART I, LINE 7 INCLUDED IN PART II, COLUMN B(II) ARE AMOUNTS REPRESENTING BONUS PAYMENTS. THESE AMOUNTS WERE APPROVED BY THE BOARD AND INCLUDED IN THE INDIVIDUAL'S W-2'S. FORM 990, PART VI, SECTION B, LINE 11B NEIGHBORHOOD HOUSING SERVICES OF LOS ANGELES COUNTY'S OUTSIDE CPA FIRM AND THE CONTROLLER/CFO PREPARE THE FORM 990. THE FORM IS REVIEWED AND APPROVED BY THE ORGANIZATION'S PRESIDENT/CEO. THE COMPLETE FORM 990 IS 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 NEIHBORHOOD LENDING SERVICES INC 3926 WILSHIRE BLVD 200 LOS ANGELES CA 90010 954646850 REDEVELOPMENT CA 501(C)(3) LINE 10 NEIGHBORHOOD HOUSING SERVICES-LA COUNTY 1 NHS NEIHBORHOOD REDEVELOPMENT CORP 3926 WILSHIRE BLVD 200 LOS ANGELES CA 90010 954646848 LENDING CA 501(C)(3) LINE 10 NEIGHBORHOOD HOUSING SERVICES-LA COUNTY 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 NHS NEIHBORHOOD LENDING SERVICES INC P 237848 BOOKS NHS NEIHBORHOOD REDEVELOPMENT CORP P 1012998 BOOKS