2024-09-25T10:47:05-05:00 2023-12-31 232415973 HERBEIN COMPANY INC 2763 CENTURY BOULEVARD READING PA 19610 990 2023-01-01 472605170 PENNSYLVANIA HOME LENDING COLLABORATIVE INC PENN 6103728433 213 N 5TH STREET READING PA 19601 STEPHEN GIERINGER CEO 6103728433 2024-09-24 1 1 MARYBETH C OLREE CPA P01649853 6103781175 2024-09-24 2023 2024-08-08 14:25:15Z STEPHEN GIERINGER 213 N 5TH STREET READING PA 19601 331092 0 X N/A X 2014 PA TO PROMOTE AND FACILITATE FIRST-TIME HOME OWNERSHIP TO QUALIFYING INDIVIDUALS AND FAMILIES IN QUALIFIED AREAS. 6 6 0 6 0 0 0 0 277322 319235 1113 11857 0 0 278435 331092 0 0 0 0 0 0 0 0 0 90109 80737 90109 80737 188326 250355 3283912 3373901 3000820 2894963 283092 478938 X TO PROMOTE AND FACILITATE FIRST-TIME HOME OWNERSHIP PRIMARILY TO INDIVIDUALS AND FAMILIES OF MODEST MEANS (BELOW 80% AMI) RESIDING IN PARTICIPATING OR QUALIFIED SERVICE AREAS THROUGH AFFORDABLE FINANCIAL ASSISTANCE AND FLEXIBLE UNDERWRITING. 0 0 80737 319235 STATE-WIDE LENDING:THE ORGANIZATION IS COLLABORATING WITH SIX OTHER ESTABLISHED NEIGHBORWORKS ORGANIZATIONS THAT COVER THE MAJORITY OF PENNSYLVANIA IN THEIR COLLECTIVE SERVICE AREAS. IN THE INTEREST OF PROVIDING FINANCIAL ASSISTANCE TO LOW/MODERATE INCOME CLIENTS SEEKING FIRST TIME HOME OWNERSHIP IN THEIR REGIONS, THE ORGANIZATION WAS ASKED TO LEAD THE CREATION OF A LENDING EFFORT, WHEREBY THE ORGANIZATION COULD PROVIDE LENDING SERVICES AND CAPITAL TO THEIR CONSTITUENTS WHO QUALIFY. SEE ADDITIONAL INFORMATION ON SCHEDULE O.IN ADDITION TO PROMOTING FIRST-TIME HOME OWNERSHIP, THE ORGANIZATION PROMOTES AND ASSISTS EXISITING HOMEOWNERS IN THE NEIGHBORWORKS ORGANIZATION SERVICE AREAS TO REMAIN IN RESIDENCE THROUGH AFFORDABLE FINANCIAL ASSISTANCE FOR NECESSARY HOME REPAIR AND/OR RENOVATIONS. AFFORDABLE HOME REPAIR FINANCING FOR HOMEOWNERS OF MODEST MEANS AND/OR WITH LITTLE EQUITY IN THEIR HOMES IS A CRITICAL UNMET NEED. THE LACK OF CAPITAL FOR THESE FAMILIES IS CONTRIBUTING TO THE SEVERE DETERIORATION OF PENNSYLVANIA'S HOUSING STOCK THROUGH DISINVESTMENTS, AND LOWERING LIVING STANDARDS FOR THE OCCUPANTS. THE ORGANIZATION PROVIDES ACCESS TO LOAN PRODUCTS THAT ENABLE AND ENCOURAGE FAMILIES TO UTILIZE/INVEST IN 'GREEN TECHNOLOGY' THAT, AMONG OTHER THINGS, RESULTS IN LOWER ENERGY COSTS. ALL BORROWERS ARE REQUIRED TO COMPLETE SOME OR ALL OF THE HOMEBUYER EDUCATION CLASSES, INDIVIDUAL BUDGET AND CREDIT COUNSELING, AS WELL AS PRE- AND POST- PURCHASE COUNSELING, AS APPLICABLE.IN 2023, THE HOME OWNERSHIP CENTER VIA PHLC ASSISTED 47 FAMILIES BUY THEIR FIRST HOME, LENDING $598,523 IN DOWN PAYMENT AND CLOSING COST ASSISTANCE LOANS. OUR TOTAL PHLC LOAN PORTFOLIO REMAINED STRONG RELATIVE TO THE NATIONAL ECONOMY. 15 LOANS WERE PAST DUE AS OF DECEMBER 31ST OUT OF A TOTAL PORTFOLIO OF 238 LOANS. 80737 1 0 0 0 0 0 0 0 0 0 0 0 0 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 0 1 0 0 0 1 3 0 1 0 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 PA X X THE ORGANIZATION 6103728433 213 N 5TH STREET READING PA 19601 CRAIG BURKLEY CHAIR 1.00 X X 0 0 0 DOUGLAS RAUCH VICE CHAIR 1.00 X X 0 0 0 DEBRA WETZEL TREASURER 1.00 X X 0 0 0 BETH BOWERS CORPORATE SECRETARY 1.00 X X 0 0 0 LAURIE GRUBE DIRECTOR 1.00 X 0 0 0 CHRISTIE ROSARIO DIRECTOR 1.00 X 0 0 0 DEVON NEWSHAM DIRECTOR THRU DECEMBER 1.00 X 0 0 0 STEPHEN T GIERINGER PRESIDENT AND CEO 1.00 40.00 X 0 147511 23549 0 147511 23549 0 0 1 0 0 FEE REVENUE 624100 178244 178244 MORTGAGE INTEREST 624100 140991 140991 319235 11857 11857 331092 319235 0 11857 7172 7172 2025 2025 1207 1207 61 61 1873 1873 1515 1515 CREDIT LOSS EXPENSE 58442 58442 MORTGAGE PROCESSING 8035 8035 MISCELLANEOUS 407 407 80737 80737 0 0 541491 257898 200 2741064 3115355 1157 648 3283912 3373901 6079 8340 2994741 2886623 3000820 2894963 X 283092 478938 283092 478938 3283912 3373901 X 250355 -54509 X X 0 1 X 1 0 X 115310 132388 151066 277322 319235 995321 115310 132388 151066 277322 319235 995321 0 0 0 995321 132 1113 11857 13102 132 1113 11857 13102 115310 132388 151198 278435 331092 1008423 0.98700 0.99840 0.01300 0.00160 X 0 REPAIR ESCROWS PAYABLE 22929 DUE TO RELATED PARTY 2863694 2886623 X 331092 0 331092 0 331092 80737 0 80737 0 80737 PART X, LINE 2: IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THE ORGANIZATION ACCOUNTS FOR UNCERTAIN TAX POSITIONS RELATIVE TO UNRELATED BUSINESS INCOME, IF ANY, AS REQUIRED. 0 0 0 0 0 0 0 0 0 STEPHEN T GIERINGER PRESIDENT AND CEO 0 147511 0 0 0 0 0 0 0 23549 0 171060 0 0 PART I, LINE 3 NEIGHBORHOOD HOUSING SERVICES OF GREATER BERKS, INC. USES COMPARISON TO SIMILAR ORGANIZATIONS' 990S AND APPROVAL FROM THE BOARD TO DETERMINE THE EXECUTIVE DIRECTOR'S COMPENSATION. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE EXECUTIVE COMMITTEE AND THEN FORWARDED TO THE ENTIRE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS INCLUDED IN THE NEIGHBORHOOD HOUSING SERVICES ORGANIZATIONAL CODE OF CONDUCT AND COMPLIANCE IS REVIEWED ANNUALLY AND WITH THE ADDITION OF NEW BOARD MEMBERS. NEW BOARD MEMBERS AND ALL EMPLOYEES ARE REQUIRED TO COMPLETE AND SIGN A "CONFLICT OF INTEREST CLEARANCE & DISCLOSURE" FORM AS A CONDITION OF EMPLOYMENT/BOARD MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR IS THE ONLY OFFICER/KEY EMPLOYEE IN PENNSYLVANIA HOME LENDING COLLABORATIVE. HE IS PAID THROUGH NEIGHBORHOOD HOUSING SERVICES. HIS COMPENSATION IS DETERMINED BY: REVIEW OF COMPENSATION LEVELS FOR THE COMPARABLE POSITION IN SIMILAR SIZE NEIGHBORWORKS ORGANIZATIONS. COMPARISON (USING GUIDE STAR) WITH COMPENSATION LEVELS AT OTHER NON-PROFIT ORGANIZATIONS WITH COMPARABLE REVENUE AND COMPLEXITY, IN ECONOMICALLY SIMILAR GEOGRAPHIC AREAS. ANNUAL PERFORMANCE AND COMPENSATION REVIEW BY BOARD OF DIRECTORS, AS SPECIFIED IN ORGANIZATION BY-LAWS. FORM 990, PART VI, SECTION C, LINE 18 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CUMULATIVE-EFFECT ADJUSTMENT OF IMPLEMENTING ASU 2016-13 -54,509. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. NEIGHBORHOOD HOUSING SERVICES OF GREATER BERKS INC 213 N FIFTH STREET READING PA 19601 232066952 FACILITATE AND PROVIDE AFFORDABLE HOUSING PROGRAMS AND INITIATIVES PA 501(C)(3) 170(B)(1)(A)(VI) N/A 0 NEIGHBORHOOD HOUSING SERVICES OF THE LEHIGH VALLEY 213 N FIFTH STREET READING PA 19601 232162606 FACILITATE AND PROVIDE AFFORDABLE HOUSING PROGRAMS AND INITIATIVES PA 501(C)(3) 170(B)(1)(A)(VI) NEIGHBORHOOD HOUSING SERVICES OF GREATER BERKS INC 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NEIGHBORHOOD HOUSING SERVICES OF GREATER BERKS INC E 2761914 AMOUNT ADVANCED NEIGHBORHOOD HOUSING SERVICES OF THE LEHIGH VALLEY INC E 101780 AMOUNT ADVANCED