2023-08-23T12:00:22-05:00 2022-12-31 113066459 CERINI & ASSOCIATES LLP 3340 VETERANS MEMORIAL HWY BOHEMIA NY 11716 990 2022-01-01 133098397 NEIGHBORHOOD HOUSING SERVICES OF NEW YORK CITY NEIG 2125192553 306 WEST 37TH ST SUITE 1101 NEW YORK CITY NY 10018 DERRICK GRIGGS CEO 2125192553 2023-08-23 1 DERRICK GRIGGS 999009999 0 MATT BURKE P00760659 6315821600 2023-08-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DERRICK GRIGGS 306 WEST 37TH ST SUITE 1101 NEW YORK CITY NY 10018 12414400 0 X WWW.NHSNYC.ORG X 1982 NY NHS REVITALIZES UNDERSERVED NEIGHBORHOODS BY CREATING AND PRESERVING AFFORDABLE HOUSING AND PROVIDING OPPORTUNITIES FOR HOMEOWNERSHIP EDUCATION, FINANCIAL ASSISTANCE, AND COMMUNITY LEADERSHIP. 15 15 22 0 0 0 3371847 10312183 743615 1365768 366062 495 326985 640771 4808509 12319217 1412284 8017939 0 0 1689597 1678296 0 0 178905 1381770 1370378 4483651 11066613 324858 1252604 17893157 25135298 15158092 21147629 2735065 3987669 X NEIGHBORHOOD HOUSING SERVICES OF NEW YORK CITY (NHSNYC), THROUGH FINANCIAL EMPOWERMENT AND AFFORDABLE LENDING, ENABLES INDIVIDUALS AND FAMILIES TO INVEST IN, PRESERVE, AND IMPROVE THEIR NEIGHBORHOODS, THEIR HOMES, AND THEIR FUTURES. WORKING IN PARTNERSHIP WITH THE PRIVATE SECTOR, GOVERNMENT AGENCIES AND LOCAL RESIDENTS AND BUSINESSES, WE OFFER A WIDE RANGE OF SERVICES BASED ON THE NEEDS OF EACH INDIVIDUAL COMMUNITY WE SERVE, INCLUDING FINANCIAL AND HOMEOWNERSHIP EDUCATION, LOAN ORIGINATION, AND MORTGAGE FACILITATION TO SUPOPRT THE ATTAINMENT AND SUSTAINABILITY OF HOMEOWNERSHIP FOR UNDERSERVED NEW YORKERS. OUR ULTIMATE GOAL IS TO SUPPORT THE REALIZATION OF THE BEST QUALITY OF LIFE POSSIBLE FOR EACH NEW YORKER, STARTING WITH A STABLE HOME. 0 0 9295097 9375325 861289 LENDING: NEIGHBORHOOD HOUSING SERVICES OF NEW YORK CITY, INC. (NHSNYC) IS A FEDERALLY-CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI). OUR LENDING PLATFORM ENABLES NHSNYC TO ORIGINATE LOANS AND GRANTS FOR THE ACQUISITION OR PRESERVATION OF 1-TO-4 FAMILY PROPERTIES THROUGHOUT NEW YORK CITY, INCLUDING HOUSES AS WELL AS UNITS IN COOPERATIVE AND CONDOMINIUM DEVELOPMENTS. NHSNYC ALSO HAS THE ABILITY TO PROVIDE RENOVATION AND REPAIR LOANS FOR SMALL BUILDINGS, WITH BETWEEN ONE-TO-TWENTY HOUSING UNITS. IN 2022, WELLS FARGO SELECTED NHSNYC, ALONG WITH LISC AND THE CENTER FOR NEW YORK CITY NEIGHBORHOODS, TO RECEIVE A $7.5 MILLION WORTH GRANT. THE PURPOSE OF THIS GRANT WILL BE TO EXPAND LENDING WITH HELP IN CREATING AN OPEN ACCESS FUND, TO HELP LOW TO MODERATE INCOME BORROWERS BRIDGE THE GAP TO PURCHASE A HOME. 836783 504479 EDUCATION/COUNSELING: NHSNYC CURRENTLY OPERATES IN TWO OFFICES THROUGHOUT NEW YORK CITY. THESE INCLUDE A HOMEOWNERSHIP CENTER HEADQUARTER IN MIDTOWN MANHATTAN AND A SATELLITE OFFICE IN THE TRANSPORT WORKERS UNION COUNSELING CENTER IN THE NORTH BRONX. IN EACH LOCATION, NHSNYC PROVIDES CRITICAL HOMEOWNERSHIP PROMOTION AND PRESERVATION SERVICES TO LOW AND MODERATE INCOME FAMILIES LIVING IN NEW YORK CITY, INCLUDING: (1) EDUCATION ABOUT ALL PHASES OF THE HOMEOWNERSHIP PROCESS; (2) ASSISTANCE IN SECURING AFFORDABLE, FIXED-RATE MORTGAGE FINANCING; (3) SUPPORT TO PRESERVE HOMEOWNERSHIP THROUGH FORECLOSURE INTERVENTION SERVICES; (4) FINANCIAL COACHING; AND (5) SINCE 2006, ADMINISTER THE HOME FIRST DOWNPAYMENT AND CLOSING COST ASSISTANCE PROGRAM FOR THE CITY OF NEW YORK WITH GRANTS UP TO $100,000, TO FAMILIES BELOW 80% OF MEDIAN INCOME. CLIENTS PURCHASING A HOME MUST COMPLETE AN EIGHT-HOUR HOMEBUYER'S EDUCATION SEMINAR COVERING EFFECTIVE MONEY MANAGEMENT TECHNIQUES, THE MORTGAGE FINANCING PROCESS, AND THE HOMEBUYER PROCESS. CLIENTS PURCHASING A 1-4 FAMILY HOME MUST COMPLETE A TWO-HOUR LANDLORD EDUCATION SEMINAR TO ENSURE THEY ARE PREPARED FOR THE RESPONSIBILITIES OF BEING A LANDLORD. 27877 SPECIAL PROJECTS NONE NOTED FOR PROGRAM EXPENSE STATEMENT LAST YEAR. 10159757 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 14 0 1 22 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X X VIDYA RAMBAHAL 2125192553 306 WEST 37TH STREET SUITE 1101 NEW YORK NY 10018 DONALD E TOM TREASURER 1.00 X X 0 0 0 EUSTACE GREAVES JR LUTCF MEMBER 1.00 X 0 0 0 MARK D PODGAINY MEMBER 1.00 X 0 0 0 SCOTT GOLD MEMBER 1.00 X 0 0 0 ERIK SHUMAR MEMBER 1.00 X 0 0 0 SUSAN CULLEN MEMBER 1.00 X 0 0 0 MOSES GATES VICE PRESIDENT 1.00 X X 0 0 0 DAVID BAGATELLE PRESIDENT 1.00 X X 0 0 0 ADAM DEJAK MEMBER 1.00 X 0 0 0 REBECCA GILMAN CRIMMINS MEMBER 1.00 X 0 0 0 JOHN ABRAMO MEMBER 1.00 X 0 0 0 JAMIE THOMAS BOARD SECRETARY 1.00 X X 0 0 0 MICHAEL P KING MEMBER 1.00 X 0 0 0 MANUTOSH MARTHUR MEMBER 1.00 X 0 0 0 GERRALD ELLIS MEMBER 1.00 X 0 0 0 DERRICK GRIGGS CEO 35.00 X 186788 0 29846 MARITA R BANKHEAD DIRECTOR OF LENDING 35.00 X 108517 0 10790 295305 0 40636 2 0 1 0 0 296696 9375325 640162 10312183 REHAB, LENDING PROGRAM 531190 1365768 1365768 1365768 495 495 95183 296696 95183 0 ERC INCOME 900099 617237 617237 OTHER INCOME 900099 23534 23534 640771 12319217 2006539 0 495 8017939 8017939 295305 196907 75502 22896 1106911 738079 283008 85824 185285 123547 47372 14366 90795 60541 23214 7040 32398 9071 21059 2268 70000 19600 45500 4900 238881 66045 154324 18512 46352 39535 5015 1802 214188 184201 21419 8568 18021 11343 6678 282132 282132 74658 59727 11198 3733 55294 44235 8294 2765 WORKSHOP EXPENSES 138062 138062 0 0 EXPENSED EQUIPMENT 103440 88528 10794 4118 MISCELLANEOUS 67563 57648 9815 100 OUTSIDE SERVICES 25794 21911 2946 937 3595 706 1813 1076 11066613 10159757 727951 178905 1627777 3473250 7492021 12645021 62374 409694 89245 199140 7913355 7905060 88254 79317 2316861 2177427 214092 139434 406039 284382 17893157 25135298 234804 207438 556849 951975 3365889 3334588 11000550 16653628 15158092 21147629 X 2727865 3887669 7200 100000 2735065 3987669 17893157 25135298 1252604 0 X 0 1 X 1 1 1 X 10047498 4449191 3435373 3371847 10312183 31616092 10047498 4449191 3435373 3371847 10312183 31616092 2336682 29279410 650 684 985 112 495 2926 176973 123957 67626 326985 640771 1336312 32955330 0.88850 0.96620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 0 0 1975383 1975383 2575383 600000 1975383 2575383 2575383 3282883 707500 2575383 680764 618534 62230 1417565 1349263 68302 218532 209630 8902 139434 DEFERRED RENT & OTHER LIABILITIES 1073296 DUE TO FUNDING SOURCES 12289916 LOAN FUND PAYABLE 3290416 16653628 X 12319217 0 12319217 0 12319217 11066613 0 11066613 0 11066613 PART IV, LINE 2B: NHSNYC MAINTAINS AMOUNTS IN ESCROW AS PART OF ITS LOAN FUND PROGRAM. SUCH FUNDS ARE USED TO FUND CERTAIN LOANS AND FORGIVABLE LOANS/GRANTS, PAY BORROWERS' PROPERTY TAXES, HOMEOWNER INSURANCE, ETC. NHSNYC IS REQUIRED TO ACT PRUDENTLY WHEN MAKING DECISIONS TO SPEND OR ACCUMULATE DONOR RESTRICTED ENDOWMENT ASSETS AND IN DOING SO TO CONSIDER A NUMBER OF FACTORS INCLUDING THE DURATION AND PRESERVATION OF ITS DONOR RESTRICTED ENDOWMENT FUNDS. PERMANENT ENDOWMENT FUNDS ARE USED BY NHSNYC TO AWARD LOANS TO LOW- AND MODERATE-INCOME FAMILIES. NHSNYC CLASSIFIES AS PERMANENT ENDOWMENT NET ASSETS THE ORIGINAL VALUE OF GRANTS AWARDED TO THE PERMANENT ENDOWMENT. DURING 2022, NHS ADJUSTED THE BALANCE OF RESTRICTED FUNDS TO PROPERLY REFLECT PAST RELEASES GRANTED BY THE FUNDING SOURCE, RESULTING IN NO ENDOWED NET ASSETS AS OF DECEMBER 31, 2022. PART V, LINE 4: NHSNYC'S ENDOWMENT CONSISTS OF THE GRANT FUNDS AWARDED BY NEIGHBORWORKS AMERICA ("NWA"). THESE GRANT FUNDS ARE NOT EXPECTED TO BE REPAID OR RECOVERED BY NWA. DURING 2022, NHS ADJUSTED THE BALANCE OF RESTRICTED FUNDS TO PROPERLY REFLECT PAST RELEASES GRANTED BY THE FUNDING SOURCE, RESULTING IN NO ENDOWED NET ASSETS AS OF DECEMBER 31, 2022. PART X, LINE 2: THE AGENCY HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2022 AND 2021 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, "INCOME TAXES," WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. GALA 391869 391869 81020 391869 391869 81020 81020 310849 1 HOME ASSISTANCE GRANT PROGRAM 110 7912989 AFFORDABLE HOUSING CORPORATION GRANT PROGRAM 4 84950 OPEN DOORS DPCC PROGRAM-HOMEOWNERSHIP CENTER 2 20000 PART I, LINE 2: NHS HOLDS GRANT FUNDS IN A SEPARATE BANK ACCOUNT FOR EACH GRANT. DISBURSEMENTS OF GRANT FUNDS ARE TRACED IN THE ORGANIZATION'S ACCOUNTING SYSTEM. NHSNYC MAINTAINS ELIGIBILITY DOCUMENTATION IN ACCORDANCE WITH GRANT CONTRACTS IN ORDER TO SUBSTANTIATE THE SELECTION CRITERIA USED TO AWARD INDIVIDUAL GRANTS AND ASSISTANCE. X X X 0 0 0 0 0 0 0 0 0 DERRICK GRIGGS CEO 186788 0 0 0 0 0 0 0 29846 0 216634 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS HAS BEEN DESIGNATED TO REVIEW THE TAX RETURN ON BEHALF OF THE BOARD AND DISTRIBUTE IT TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS, OFFICERS, AND EMPLOYEES ARE REQUIRED ANNUALLY TO SIGN A STATEMENT DISCLOSING ANY CONFLICTS OF INTEREST. THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THIS POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE HUMAN RESOURCES DEPARTMENT COMPARES SALARIES OF SIMILAR POSITIONS WITH OTHER ORGANIZATIONS OF SIMILAR BUSINESS AND BUDGET TO DETERMINE THE COMPENSATON OF OFFICERS AND KEY EMPLOYEES. A MARKET SURVEY IS ALSO PERFORMED EVERY THREE YEARS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AND 990 AVAILABLE ON ITS WEBSITE. THE CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE MADE AVAILABLE AT THE CENTRAL SERVICES OFFICES AND ALL OTHER OFFICES DURING REGULAR BUSINESS HOURS AND IS ALSO IN THE STAFF MANUAL.