2025-04-16T10:24:24-05:00 2024-06-30 221478099 COHNREZNICK LLP 707 WILSHIRE BLVD STE 4950 LOS ANGELES CA 90017 990 2023-07-01 954646850 NHS NEIGHBORHOOD LENDING SERVICES INC NHSN 2133812862 3926 WILSHIRE BLVD 200 LOS ANGELES CA 90010 LORI GAY PRESIDENT & CEO 2133812862 2025-04-16 1 1 JOLANTA TUCK P01340068 3108439700 2025-04-09 2023 2025-03-06 01:10:19Z LORI GAY 3926 WILSHIRE BLVD 200 LOS ANGELES CA 90010 7826482 0 X WWW.NHSLACOUNTY.ORG X 1996 CA NHS NEIGHBORHOOD LENDING SERVICES INC. (NLS) 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. NLS 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. 5 5 0 6 0 0 5173680 6436070 1209324 1294441 0 0 32626 67336 6415630 7797847 0 0 0 0 0 1770677 0 0 155702 5293523 3626808 5293523 5397485 1122107 2400362 36533252 38676998 6810251 6553635 29723001 32123363 X NHS NEIGHBORHOOD LENDING SERVICES INC. (NLS) 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. NLS 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. 0 0 4878478 1294441 NHS NEIGHBORHOOD LENDING SERVICES (NLS) CONTINUED ITS WORK TO STRENGTHEN MODEST-INCOME COMMUNITIES THROUGH PROMOTION AND SUPPORT OF POTENTIAL BUYERS, HOMEOWNERS, AND SMALL BUSINESSES. DURING THE FISCAL YEAR, NLS ORIGINATED MORE THAN $88.5 MILLION IN LENDING ACTIVITIES, WHILE PROVIDING MORE THAN 6,200 CLIENT FAMILIES WITH ACCESS TO FINANCIAL EDUCATION, FINANCIAL LITERACY AND COUNSELING SERVICES, ALONG WITH FULL ESTATE PLANNING. NLS TEAM MEMBERS PARTNERED WITH LOCAL FINANCIAL INSTITUTIONS TO PROVIDE DOWNPAYMENT AND CLOSING COST ASSISTANCE, HOME REPAIR, SMALL BUSINESS AND ADU FUNDING THROUGHOUT LOS ANGELES COUNTY. MORE THAN $2.2 BILLION IN HOME/BUSINESS PROPERTY VALUES WERE PRESERVED THROUGH THE EFFORTS OF THE NLS STAFF AND VOLUNTEERS. 4878478 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 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 79 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 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 VICE CHAIRPERSON (AS OF 02/01/24) 1.00 2.00 X X 0 0 0 SAL MENDOZA OUTGOING CHAIRMAN 1.00 2.00 X X 0 0 0 STEVE HERMAN CHAIRMAN (AS OF 2/1/24) 1.00 2.00 X X 0 0 0 ZEEDA DANIELE BOARD MEMBER 1.00 2.00 X 0 0 0 JAMES PRICE CONTROLLER & CFO 12.00 28.00 X 0 136796 24703 LORI GAY PRESIDENT & CEO 14.00 26.00 X 0 414941 36506 CONSTANCE ANDERSON SENIOR VP & CHIEF DEVELOPMENT OFFICER 12.00 28.00 X 0 151196 10353 JUANITA JIMENEZ OPERATIONS MANAGER 16.00 24.00 X 0 124326 11850 KIMBERLEY WOODS AVP & SENIOR PROGRAM DIREC 14.00 26.00 X 0 131603 10971 RHONDA MCMILLAN VP & CCAO 8.00 32.00 X 0 161815 10092 0 1120677 104475 0 0 1 0 0 4015026 2421044 6436070 INTERST ON LOANS RECEI 531390 582380 582380 LENDING FEES 531390 357588 357588 EDUCATION FEES 531390 354473 354473 1294441 95971 28635 67336 67336 67336 7797847 1294441 0 67336 1327811 1129967 138491 59353 442866 376879 46191 19796 18587 15817 1939 831 35790 30457 3733 1600 416303 354267 43426 18610 206599 175816 21548 9235 107357 91361 11197 4799 102035 86832 10642 4561 29388 25009 3065 1314 16624 14147 1734 743 246155 209854 25411 10890 111826 94751 11953 5122 NEIGHBORHOOD LIFT LOAN 1481140 1481140 PROGRAM EXPENSE 348189 348189 FUNDRAISING 162590 138364 16958 7268 BAD DEBT EXPENSE 136668 136668 207557 168960 27017 11580 5397485 4878478 363305 155702 90145 2217211 4145849 3012892 390128 254818 24891485 27078213 33004 52560 4807322 1326500 3578835 3480822 3403806 2580482 36533252 38676998 517141 324357 462 39530 55016 2135745 3398457 3867835 2525343 250000 250000 6810251 6553635 X 6221022 6725334 23501979 25398029 29723001 32123363 36533252 38676998 2400362 0 X 0 1 X 1 0 X 1169200 13975048 5622566 5173680 6436070 32376564 2933718 182450 927118 798396 1294441 6136123 4102918 14157498 6549684 5972076 7730511 38512687 0 0 0 38512687 363093 509487 409540 478704 95971 1856795 363093 509487 409540 478704 95971 1856795 4466011 14666985 6959224 6450780 7826482 40369482 0.95400 0.95620 0.04600 0.04380 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 39058 17174 56232 1 X 1259643 1259643 3139476 946320 2193156 405303 380180 25123 2900 2900 3480822 INTERCOMPANY RECEIVABLES 2580482 2580482 EQUITY EQUIVALENT INVESTMENT DEPOSITS 250000 250000 X 7826695 213 213 7826482 -28635 -28635 7797847 5426333 213 28635 28848 5397485 0 5397485 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, 2024, 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, 2024, 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, 2024. THE FEDERAL INFORMATIONAL TAX RETURNS OF THE ORGANIZATION FOR TAX YEARS ENDED JUNE 30, 2021, 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, 2020, 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 EXPENSES -28,635. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 28,635. 0 0 0 0 0 0 0 0 0 LORI GAY PRESIDENT & CEO 0 289941 0 125000 0 0 0 13200 0 23306 0 451447 0 0 RHONDA MCMILLAN VP & CCAO 0 151815 0 10000 0 0 0 6360 0 3732 0 171907 0 0 CONSTANCE ANDERSON SENIOR VP & CHIEF DEVELOPMENT OFFICE 0 148696 0 2500 0 0 0 0 0 10353 0 161549 0 0 JAMES PRICE CONTROLLER & CFO 0 126796 0 10000 0 0 0 0 0 24703 0 161499 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 LENDING SERVICES, INC'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 C, LINE 19 SOME OR ALL OF THESE ITEMS MAY BE AVAILABLE UPON REQUEST. NHS NEIGHBORHOOD REDEVELOPMENT CORP 3926 WISHIRE BLVD 200 LOS ANGELES CA 90010 954646848 REDEVELOPMENT CA 501(C)(3) LINE 10 0 NEIGHBORHOOD HOUSING SERVICES OF LOS ANGELES 3926 WISHIRE BLVD 200 LOS ANGELES CA 90010 953938955 DEVELOP AFFORDABLE AND SUSTAINABLE HOMEOWNERSHIP OPPORTUNITIES CA 501(C)(3) LINE 7 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0