Nonprofit · EIN 04-3244616
NEIGHBORHOOD ASSISTANCE CORPORATION OF AMERICA
Tax-exempt · BOSTON, MA 02119
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $42,341,304 | $23,138,594 | $19,202,710 | $254,834,350 | $6,894,717 | $247,939,633 |
| December 31, 2023 | 990 | $38,882,089 | $24,244,757 | $14,637,332 | $232,658,936 | $5,103,746 | $227,555,190 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $36,814,603
- Investment income
- $5,526,701
- Net gain from sales of assets
- -$307,272
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $265,333
- Other salaries and wages
- $8,719,413
- Salaries, compensation and benefits (total)
- $11,318,330
- Professional fundraising fees
- $0
- Legal fees
- $396,297
- Accounting fees
- $55,089
- Occupancy
- $1,129,725
- Travel
- $870,644
- Depreciation
- $47,621
- Program services (functional)
- $17,443,856
- Management and general (functional)
- $5,694,738
Balance sheet and other
- Total assets, start of year
- $232,658,936
- Total assets, end of year
- $254,834,350
- Total liabilities, end of year
- $6,894,717
- Net assets, end of year
- $247,939,633
- Land, buildings and equipment
- $493,965
- Publicly traded securities
- $160,410,018
- Net assets without donor restrictions
- $247,439,633
- Net assets with donor restrictions
- $500,000
- Gross receipts
- $117,947,755
- Employees
- 427
- Volunteers
- 100
- Year formed
- 1994
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRUCE MARKS | PRESIDENT Trustee or director, Officer | 43 | $239,809 | $25,524 |
| DIEGO LUQUE | OPERATIONS Highest-paid employee | 10 | $195,277 | $28,727 |
| LEA WATTERSON | TRAINING DIRECTOR Highest-paid employee | 43 | $164,712 | $29,135 |
| ERICK EXUM | UNDERWRITING OFFICER Highest-paid employee | 43 | $155,027 | $29,472 |
| NHUT NGUYEN | INFORMATION TECHNOLOGY IT Highest-paid employee | 43 | $152,538 | $29,397 |
| LATISHA GETER | HOUSING COUNSELING - PURCHASE Highest-paid employee | 10 | $129,624 | $24,821 |
| JEROME WASHINGTON | VICE-PRESIDENT Trustee or director, Officer | 0.25 | $150,250 | $0 |
| MARISSA LANDRAU-PIRAZZI | CLERK Officer | 43 | $112,954 | $0 |
| GLYNN LLOYD | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| ZAKKIYAH WALKER | VICE-PRESIDENT Trustee or director, Officer | 0.25 | $0 | $0 |
| LINDA MOTEN | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| DOUGLAS FIERBERG | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRUCE MARKS | PRESIDENT Trustee or director, Officer | 43 | $239,809 | $26,972 |
| LEA WATTERSON | TRAINING DIRECTOR Highest-paid employee | 43 | $180,960 | $22,227 |
| ERICK EXUM | UNDERWRITING OFFICER Highest-paid employee | 43 | $176,713 | $19,217 |
| NHUT NGUYEN | INFORMATION TECHNOLOGY IT Highest-paid employee | 43 | $166,598 | $23,785 |
| DIEGO LUQUE | OPERATIONS Highest-paid employee | 10 | $167,804 | $20,857 |
| JEROME WASHINGTON | VICE-PRESIDENT Trustee or director, Officer | 0.25 | $147,658 | $0 |
| MARISSA LANDRAU-PIRAZZI | CLERK Officer | 43 | $118,083 | $0 |
| GLYNN LLOYD | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| KIMBERLY DALTON | VICE-PRESIDENT Trustee or director, Officer | 0.25 | $0 | $0 |
| ZAKKIYAH WALKER | VICE-PRESIDENT Trustee or director, Officer | 0.25 | $0 | $0 |
| LINDA MOTEN | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| DOUGLAS FIERBERG | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 225 CENTRE STREET, BOSTON, MA 02119-1288
- In care of
- % NEIGHBORHOOD ASSISTANCE CORP
- Principal officer (990 for 2024)
- BRUCE MARKS, 225 CENTRE STREET 100, BOSTON, MA 02119
- Signed the 990
- BRUCE MARKS, PRESIDENT
- Phone
- (617) 250-6222
- Website
- WWW.NACA.COM
- Return prepared by
- CBIZ ADVISORS LLC
Mission
TO STABILIZE COMMUNITIES THROUGH AFFORDABLE HOME OWNERSHIP AND COMMUNITY ADVOCACY.
Program accomplishments
- NACA'S MISSION IS TO STABILIZE COMMUNITIES THROUGH AFFORDABLE HOMEOWNERSHIP AND COMMUNITY ADVOCACY. NACA PROVIDES UNPRECEDENTED HOMEOWNERSHIP OPPORTUNITIES FOR PRIMARILY LOW AND MODERATE INCOME PEOPLE AND PEOPLE PURCHASING IN LOW AND MODERATE INCOME COMMUNITIES. THIS IS PRIMARILY THROUGH EDUCATION, MORTGAGE ASSISTANCE AND MORTGAGE ORIGINATION IN COMBINATION WITH ACCESS TO AFFORDABLE MORTGAGES. NACA ALSO ASSISTS HOMEOWNERS WHO HAVE AN UNAFFORDABLE MORTGAGE. NACA'S ADVOCACY INCLUDES NEIGHBORHOOD STABILIZATION INITIATIVES AND ACTIVITIES OPPOSING PREDATORY AND DISCRIMINATORY LENDING PRACTICES. NACA ALSO ADDRESSES OTHER ISSUES OF ECONOMIC JUSTICE AND FINANCIAL EXPLOITATION OF PRIMARILY LOW AND MODERATE INDIVIDUALS AND COMMUNITIES. PARTICIPANTS CAN BECOME NACA MEMBERS AND ACCESS THE MORTGAGE PRODUCT AVAILABLE THROUGH NACA AND RECEIVE ADDITIONAL SERVICES INCLUDING EXTENSIVE POST-PURCHASE ASSISTANCE TO PREVENT THE FORECLOSURE ON THEIR HOME. NACA IS OPEN TO ALL RESIDENTS IN THE COMMUNITIES WHERE NACA HAS ESTABLISHED ITS PRESENCE OR PROVIDES SERVICES. NACA'S NATIONAL OFFICE IS LOCATED IN BOSTON, MASSACHUSETTS WITH LOCAL OFFICES SERVICING INDIVIDUALS AND COMMUNITIES THROUGHOUT THE UNITED STATES.Expenses $17,443,856 · revenue $36,814,603
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-3244616
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $254,834,350
- Income (IRS master file)
- $117,947,755
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $42,341,304 | $23,138,594 | $254,834,350 | IRS |
| 990 | December 2023 | $38,882,089 | $24,244,757 | $232,658,936 | XML |
| 990 | December 2022 | $42,309,808 | $21,454,246 | $273,299,934 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-3244616).
Questions about NEIGHBORHOOD ASSISTANCE CORPORATION OF AMERICA
- What is the EIN of NEIGHBORHOOD ASSISTANCE CORPORATION OF AMERICA?
- The employer identification number (EIN) of NEIGHBORHOOD ASSISTANCE CORPORATION OF AMERICA is 04-3244616.
- Is NEIGHBORHOOD ASSISTANCE CORPORATION OF AMERICA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1995.
- Are donations to NEIGHBORHOOD ASSISTANCE CORPORATION OF AMERICA tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NEIGHBORHOOD ASSISTANCE CORPORATION OF AMERICA file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEIGHBORHOOD ASSISTANCE CORPORATION OF AMERICA due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEIGHBORHOOD ASSISTANCE CORPORATION OF AMERICA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NEIGHBORHOOD ASSISTANCE CORPORATION OF AMERICA?
- The 990 for the year ended December 31, 2024 names BRUCE MARKS.
- Who are the officers and directors of NEIGHBORHOOD ASSISTANCE CORPORATION OF AMERICA?
- The 990 for the year ended December 31, 2024 lists 12 people; 8 received compensation from the organization, the highest $239,809 (BRUCE MARKS, PRESIDENT).
- How much revenue does NEIGHBORHOOD ASSISTANCE CORPORATION OF AMERICA have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $42,341,304, expenses of $23,138,594 and total assets of $254,834,350 at year end.
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