2024-05-01T08:34:03-05:00 2023-12-31 221478099 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2023-01-01 841542593 NEIGHBORWORKS CAPITAL CORPORATION NEIG 2408211651 8484 GEORGIA AVE SUITE 330 SILVER SPRING MD 20910 JAMES PEFFLEY CHIEF EXECUTIVE OFFICER 2408211651 2024-04-30 1 JAMES PEFFLEY 999009999 0 LAURA KIELCZEWSKI P00740769 3016529100 2024-04-29 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z JAMES PEFFLEY 8484 GEORGIA AVE SUITE 330 SILVER SPRING MD 20910 11831758 0 X WWW.NEIGHBORWORKSCAPITAL.ORG X 2000 CO NEIGHBORWORKS CAPITAL DELIVERS THE FLEXIBLE CAPITAL NEEDED BY NEIGHBORWORKS AMERICA AFFILIATES TO PROVIDE AFFORDABLE HOMES AND STRENGTHEN COMMUNITIES. 13 13 21 11 0 0 3714496 3646166 4959021 6170630 33856 525515 150134 1087842 8857507 11430153 0 0 0 0 2694168 3206073 0 0 350641 2296893 2913744 4991061 6119817 3866446 5310336 108230565 133083719 52965011 73003975 55265554 60079744 NEIGHBORWORKS CAPITAL DELIVERS THE FLEXIBLE CAPITAL NEEDED BY NEIGHBORWORKS AMERICA AFFILIATES TO PROVIDE AFFORDABLE HOMES AND STRENGTHEN COMMUNITIES. 0 0 5100250 7258472 PROVIDING FINANCING FOR THE ACQUISITION, DEVELOPMENT, AND REHABILITATION OF AFFORDABLE HOMES FOR SALE, RENTAL AND COMMERCIAL PROJECTS. 5100250 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 28 0 1 21 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JAMES PEFFLEY 2408211651 8484 GEORGIA AVE SUITE 330 SILVER SPRING MD 20910 ROSA RIOS VALDEZ PRESIDENT 1.00 X X 0 0 0 MEGAN TEARE VP & SECRETARY 1.00 X X 0 0 0 CAROLINE HORTON TREASURER 1.00 X X 0 0 0 PETER DALY DIRECTOR 1.00 X 0 0 0 JEFF REED DIRECTOR 1.00 X 0 0 0 CHARLOTTE CROW DIRECTOR 1.00 X 0 0 0 MICHAEL CARROLL DIRECTOR 1.00 X 0 0 0 FRED DODSON DIRECTOR 1.00 X 0 0 0 GRACE CHIONUMA DIRECTOR 1.00 X 0 0 0 ANDY MADEIRA DIRECTOR 1.00 X 0 0 0 EMMANUEL KINARD DIRECTOR 1.00 X 0 0 0 EILEEN NEELY DIRECTOR 1.00 X 0 0 0 LEAH EVANS DIRECTOR 1.00 X 0 0 0 MATTHIAS GLATTING CFO - INCOMING 38.00 X 182381 0 6913 MARY DANA MOORE CFO - OUTGOING 22.50 X 84641 0 5079 JAMES PEFFLEY CEO 38.00 X 316904 0 37279 ELIZABETH O'LEARY CHIEF PORTFOLIO OFFICER 38.00 X 216792 0 13008 STEPHEN PEELOR CHIEF LOAN OFFICER 38.00 X 218464 0 25536 BRENT BOZMAN CONTROLLER 38.00 X 141616 0 8503 ADAM COILE SENIOR PORTFOLIO MANAGER 38.00 X 157350 0 33623 MAYA DICKENS LOAN CLOSING MANAGER 38.00 X 126198 0 20305 MICHAEL HAAS SENIOR LOAN OFFICER 38.00 X 147057 0 23746 LANIE WASSERMAN SENIOR LOAN OFFICER 38.00 X 152087 0 29968 1743490 0 203960 11 0 1 0 NTIVA 7900 WESTPARK DRIVE 100 MCLEAN VA 22102 IT SUPPORT 100424 1 646166 3000000 3646166 LOAN INTEREST 531390 5531488 5531488 LOAN FEES 531390 635400 635400 LOAN SERVICE FEE 531390 3742 3742 6170630 396618 396618 530502 401605 128897 128897 128897 RECOVERY OF LOAN LOSS 531390 1087842 1087842 1087842 11430153 7258472 0 525515 1106997 818922 189892 98183 1645034 1216945 282186 145903 85315 63113 14635 7567 177534 131334 30453 15747 191193 141439 32797 16957 10449 1826 1437 7186 63244 25169 25555 12520 25871 24577 1294 136370 111885 14247 10238 64543 58089 6454 50887 43871 4785 2231 145238 116190 21786 7262 123728 98982 12373 12373 1710 1368 342 1941966 1941966 30165 22624 6033 1508 40716 34608 4072 2036 REPAIRS AND MAINTENANCE 189819 170837 17084 1898 STAFF DEVELOPMENT 25682 21830 2568 1284 DUES 11339 10205 1134 SERVICE FEE EXPENSE 1708 1708 50309 42762 7547 6119817 5100250 668926 350641 3808198 4903920 9053607 26058210 75246 31579 80327 79731 245779 175030 47721 70749 529544 93841311 101206006 561499 432510 233112 301014 108230565 133083719 1059247 1335396 2566402 2587781 49339362 68717013 0 363785 52965011 73003975 X 28899871 33997792 26365683 26081952 55265554 60079744 108230565 133083719 X 5310336 3958 -500104 X 0 1 X 1 1 1 X 2475000 2500000 4330265 3714496 3646166 16665927 2475000 2500000 4330265 3714496 3646166 16665927 16665927 49849 41522 16747 33856 396618 538592 125 177196 150134 1087842 1415297 18619816 27860823 0.89510 0.96950 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2019 AMOUNT: $ 125. RECOVERY OF LOAN LOSS - 2021 AMOUNT: $ 177,196. 2022 AMOUNT: $ 150,134. 2023 AMOUNT: $ 1,087,842. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 12844 8541 4303 117710 70834 46876 115225 95655 19570 70749 LOANS RECEIVABLE 101206006 F 101206006 PROVISION FOR UNFUNDED COMMITMENTS 363785 363785 X 10346269 3958 3958 10342311 1087842 1087842 11430153 5532079 -587738 -587738 6119817 0 6119817 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. 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 2020 REMAIN OPEN FOR EXAMINATION. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECOVERY OF LOAN LOSS 1,087,842. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECOVERY OF LOAN LOSS -587,738. X X 0 0 0 0 0 0 0 1 0 JAMES PEFFLEY CEO 314582 0 0 0 2322 0 19339 0 17940 0 354183 0 0 0 STEPHEN PEELOR CHIEF LOAN OFFICER 207439 0 10010 0 1015 0 13245 0 12291 0 244000 0 0 0 ELIZABETH O'LEARY CHIEF PORTFOLIO OFFICER 202530 0 11461 0 2801 0 13008 0 0 0 229800 0 0 0 ADAM COILE SENIOR PORTFOLIO MANAGER 145082 0 12000 0 268 0 9728 0 23895 0 190973 0 0 0 MATTHIAS GLATTING CFO - INCOMING 182084 0 0 0 297 0 6913 0 0 0 189294 0 0 0 LANIE WASSERMAN SENIOR LOAN OFFICER 140660 0 11000 0 427 0 9356 0 20612 0 182055 0 0 0 MICHAEL HAAS SENIOR LOAN OFFICER 135811 0 11000 0 246 0 9021 0 14725 0 170803 0 0 0 BRENT BOZMAN CONTROLLER 129343 0 11900 0 373 0 8503 0 0 0 150119 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 B, LINE 11B UPON RECEIPT OF THE DRAFT 990, THE FINANCE COMMITTEE, CONSISTING OF AT LEAST ONE FINANCE PROFESSIONAL, REVIEWS THE 990 FOR ACCURACY. 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 15 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. COMPENSATION INFORMATION USED BY THE BOARD INCLUDES A COMPENSATION SURVEY DONE BY NEIGHBORWORKS CAPITAL'S NATIONAL TRADE ASSOCIATION, OPPORTUNITY FINANCE NETWORK (OFN), AS WELL AS AN EXECUTIVE COMPENSATION REVIEW BY QUATT ASSOCIATES. THIS INCLUDES THE SALARIES OF THE SENIOR MANAGEMENT TEAM IN ADDITION TO THE CEO. THE CEO USES THE QUATT INFORMATION AS A GUIDE FOR THE SENIOR MANAGEMENT COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC ON NEIGHBORWORKS CAPITAL'S WEBSITE. FORM 990, PART XI, LINE 9: ADOPTION OF ASC 326 -500,104. NC PL LLC 8484 GEORGIA AVE SUITE 330 SILVER SPRING MD 20910 881421283 LENDING FOR AFFORDABLE HOUSING PROJECTS MD 258869 22289094 NEIGHBORWORKS CAPITAL CORP NEIGHBORWORKS CAPITAL GREEN LLC 8484 GEORGIA AVE SUITE 330 SILVER SPRING MD 20910 352825805 ENVIRONMENT LENDING AND GRANTS DE 0 0 NEIGHBORWORKS CAPITAL CORP NEIGHBORWORKS CAPITAL CONSULTING 8484 GEORGIA AVE SUITE 330 SILVER SPRING MD 20910 990626570 AFFORDABLE HOUSING INDUSTRY CONSULTING DE 0 0 NEIGHBORWORKS CAPITAL CORP