2021-06-09T16:04:59-05:00 2020-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2020-01-01 263703347 NATIONAL COMMUNITY STABILIZATION TRUST LLC NATI 2022233237 910 17TH STREET NW NO 810 WASHINGTON DC 20006 JULIA GORDON PRESIDENT 2022233237 2021-06-08 1 JULIA GORDON 999009999 DAVID KELLEHER CPA P01059560 5083669100 2021-06-07 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JULIA GORDON 910 17TH STREET NW NO 810 WASHINGTON DC 20006 3097791 0 X STABILIZATIONTRUST.COM X LLC 2008 DC THE NATIONAL COMMUNITY STABILIZATION TRUST (NCST) STRENGTHENS COMMUNITIES BY FACILITATING THE REDEVELOPMENT AND REUSE OF VACANT, SINGLE-FAMILY (1-4 UNIT) HOMES. THIS WORK HAS A DOUBLE BOTTOM LINE: IT PREVENTS NEIGHBORHOOD BLIGHT WHILE INCREASING THE SUPPLY OF HIGH-QUALITY PROPERTIES AVAILABLE FOR AFFORDABLE HOMEOWNERSHIP OR RESPONSIBLE RENTAL. 8 7 16 7 0 0 1734478 1070268 2864846 1971600 46616 40391 36861 15532 4682801 3097791 0 0 0 0 2485180 2118673 35000 0 132261 1208280 929404 3728460 3048077 954341 49714 3837847 4237649 321966 672054 3515881 3565595 X THE NATIONAL COMMUNITY STABILIZATION TRUST (NCST) STRENGTHENS COMMUNITIES BY FACILITATING THE REDEVELOPMENT AND REUSE OF VACANT, SINGLE-FAMILY (1-4 UNIT) HOMES. THIS WORK HAS A DOUBLE BOTTOM LINE: IT PREVENTS NEIGHBORHOOD BLIGHT WHILE INCREASING THE SUPPLY OF HIGH-QUALITY PROPERTIES AVAILABLE FOR AFFORDABLE HOMEOWNERSHIP OR RESPONSIBLE RENTAL. 0 0 2199958 1987132 NCST WAS FOUNDED IN 2008 IN RESPONSE TO THE FORECLOSURE CRISIS THAT RESULTED IN ALMOST 10 MILLION FORECLOSURES. BY PROVIDING A BRIDGE BETWEEN LENDERS WITH REO INVENTORY AND COMMUNITY ORGANIZATIONS DESIRING TO REHAB THEM FOR PRODUCTIVE REUSE, REOMATCH ENABLED SIGNIFICANT NEIGHBORHOOD STABILIZATION ACTIVITY IN MARKETS ACROSS THE UNITED STATES AND HELPED BUILD CAPACITY IN THE COMMUNITY DEVELOPMENT COMMUNITY. IN ITS FIRST 11 YEARS OF OPERATION, NCST WORKED WITH MORE THAN 1,000 LOCAL PARTNERS TO PUT 27,000 SINGLE FAMILY HOMES BACK TO WORK AS AFFORDABLE HOMEOWNERSHIP OR RESPONSIBLE RENTAL. IN MORE RECENT YEARS, NCST ALSO HAS BUILT A HIGHLY EFFECTIVE RESEARCH AND POLICY DEVELOPMENT OPERATION BY RECRUITING SENIOR POLICY EXPERTS TO ITS TEAM. THIS TEAM KNOWS HOW TO TRANSLATE NCST'S EXPERIENCE IN REAL ESTATE - SUPPORTED BY A LARGE PROPRIETARY DATASET ON ACQUISITION AND REHAB - INTO MEANINGFUL AND REALISTIC POLICY OBJECTIVES. 2199958 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 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 1 0 0 0 1 10 0 1 16 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA IL MN X JULIA GORDON 2027067500 910 17TH STREET NW SUITE 500-A WASHINGTON DC 20006 JULIA GORDON PRESIDENT 40.00 X X 289388 0 12993 KRIS SIGLIN VP POLICY AND PARTNERSHIPS 40.00 X 177195 0 40427 CARLOS ALCAZAR COO 40.00 X 172077 0 28348 ERIN PERSONS VP OF PROGRAM OPERATIONS 40.00 X 172113 0 9905 RACQUEL REDDIE COMMUNITY DEV. MGR. 40.00 X 150510 0 30002 LOT DIAZ CHAIR OF THE BOARD 0.20 X X 0 0 0 ANDREW JAKABOVICS MEMBER MANAGER 0.20 X 0 0 0 PAUL SINGH MEMBER MANAGER 0.20 X 0 0 0 ERIC CHATMAN MEMBER MANAGER 0.20 X 0 0 0 BOB COONEY MEMBER MANAGER 0.20 X 0 0 0 ALANNA MCCARGO MEMBER MANAGER 0.20 X 0 0 0 JOHN O'CALLAGHAN MEMBER MANAGER 0.20 X 0 0 0 961283 0 121675 8 0 1 0 MARCUM LLP 1899 L ST NW SUITE 850 WASHINGTON DC 20036 ACCOUNTING/HR SERVICES 142197 MOSAIC LANE 3218 ODONNELL STREET BALTIMORE MD 21224 PROGRAM CONSULTANT 135000 JUNK MONKEY PICK UP CO 10248 HEGEL ROAD GOODRICH MI 48438 PROPERTY MAINTENANCE AND INSPECTIONS 122900 BRINOVATIONS INC 7063 TWIN HILLS AVE DALLAS TX 75231 DATA PROCESSING SERVICES 106482 2 1070268 1070268 LOAN ORIGINATION AND O 531390 1331600 1331600 REAL ESTATE SERVICE FE 531390 610000 610000 MANAGEMENT FEES 531390 30000 30000 1971600 40391 40391 OTHER INCOME 900099 15532 15532 15532 3097791 1987132 0 40391 502805 171233 255977 75595 1302939 1109185 151902 41852 41304 40934 370 144412 144412 127213 109531 15647 2035 31868 31868 193604 193604 173927 160914 1731 11282 17905 5114 12765 26 227319 225788 1346 185 117505 110689 5993 823 7608 7167 388 53 2063 2063 44349 44349 INSPECTION FEES - SDP 107610 107610 MISCELLANEOUS 5646 5318 288 40 3048077 2199958 715858 132261 147508 44485 3059441 3738121 50000 200000 511800 215294 69098 39749 3837847 4237649 128748 130724 152238 30540 980 0 150000 360790 40000 0 321966 672054 X 3244736 3319050 271145 246545 3515881 3565595 3837847 4237649 49714 0 X X 0 1 X 1 0 X 455000 721152 617559 1734478 1070268 4598457 3994183 3579276 3597961 2901707 1971600 16044727 4449183 4300428 4215520 4636185 3041868 20643184 656200 471400 567558 1699478 962769 4357405 1690869 2047001 2420799 2019644 1738466 9916779 2347069 2518401 2988357 3719122 2701235 14274184 6369000 17553 14695 19256 46616 40391 138511 17553 14695 19256 46616 40391 138511 187500 15532 203032 4654236 4315123 4234776 4682801 3097791 20984727 0.30350 0.37160 0.00660 0.00570 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 980 980 0 1 X 0 X PART IV, LINE 2B: FUNDS HELD FOR OTHERS REPRESENT FUNDS RECEIVED BY NCST FOR THE BENEFIT OF OTHER AGENCIES. VARIOUS FINANCIAL INSTITUTIONS COLLABORATE WITH THE NATIONAL EFFORTS OF NCST TO STABILIZE NEIGHBORHOODS ACROSS THE NATION THAT HAVE BEEN SIGNIFICANTLY AFFECTED BY THE FORECLOSURE CRISIS. THESE FINANCIAL INSTITUTIONS PROVIDE FUNDS TO THE BUYING ENTITIES THAT PURCHASE PROPERTIES THROUGH THE NCST'S FIRST LOOK PROGRAM. THE FUNDS ARE APPROVED BY THE FINANCIAL INSTITUTIONS, BASED ON THE MARKET VALUE OF THE PROPERTY PURCHASED BY NCST APPROVED BUYERS. NCST OPERATES AS THE FISCAL AGENT FACILITATING THE DISBURSEMENT OF THIS GRANT FUNDING. PART X, LINE 2: NCST ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATED FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. AS OF DECEMBER 31, 2020, NCST HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. NCST FILES INFORMATIONAL RETURNS IN THE UNITED STATES FEDERAL JURISDICTION, AND ILLINOIS AND CALIFORNIA STATE JURISDICTIONS. THE INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE UNITED STATES FEDERAL, AND ILLINOIS AND CALIFORNIA STATE JURISDICTIONS. X X X 0 0 0 0 0 0 0 0 0 JULIA GORDON PRESIDENT 269388 0 20000 0 0 0 10720 0 2273 0 302381 0 0 0 KRIS SIGLIN VP POLICY AND PARTNERSHIPS 169195 0 8000 0 0 0 6720 0 33707 0 217622 0 0 0 CARLOS ALCAZAR COO 164077 0 8000 0 0 0 0 0 28348 0 200425 0 0 0 ERIN PERSONS VP OF PROGRAM OPERATIONS 164113 0 8000 0 0 0 6520 0 3385 0 182018 0 0 0 RACQUEL REDDIE COMMUNITY DEV. MGR. 145010 0 5500 0 0 0 5800 0 24202 0 180512 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 NCST HAS MEMBERS AS DEFINED IN THE LLC AGREEMENT. FORM 990, PART VI, SECTION A, LINE 6 NCST WAS FORMED AS A LIMITED LIABILITY COMPANY WITH SIX MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A NCST IS AN LLC WITH FIVE MEMBERS, EACH MEMBER HAS REPRESENTATION ON THE BOARD OF MANAGERS. THERE ARE 6 TOTAL MEMBERS OF THE BOARD OF MANAGERS, EACH OF WHOM HAS VOTING RIGHTS TO ELECT OTHER MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B MANAGEMENT AND CONTROL OF THE BUSINESS OF NCST IS GENERALLY VESTED IN ITS GOVERNING BODY; CERTAIN DECISIONS ARE SUBJECT TO THE APPROVAL OF THE MEMBERS OF NCST. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT CONTRACTOR WITH ASSISTANCE FROM AND REVIEW BY NCST OFFICERS. PRIOR TO FILING, AAF PRESENTS THE DRAFT 990 TO THE NCST AUDIT/FINANCE COMMITTEE FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND BOARD MEMBERS ARE REQUIRED TO SIGN OFF ANNUALLY ON NCST'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT AND COO ARE OFFICERS WHICH ARE COMPENSATED. THEIR SALARIES WERE DETERMINED THROUGH BOARD DISCUSSION AND APPROVAL. NCST CONDUCTED A COMPENSATION STUDY IN 2013 TO ENSURE THAT THE CEO SALARY WAS IN-LINE WITH OTHER NON PROFITS IN THE INDUSTRY. THE STUDY AT THE TIME INDICATED THAT THE CEO SALARY WAS IN-LINE. MOST RECENTLY, LEGAL COUNSEL CONDUCTED A QUICK COMPENSATION EXERCISE WITH SIMILAR NON PROFITS USING THE PUBLIC 990 TO INDICATE THAT THE CEO SALARY FOR NCST REMAINS IN-LINE WITH OTHER NON PROFITS. THE CEO USES MARKET RATE EXAMPLES FOR SIMILAR POSITIONS TO DETERMINE THE SALARY OF THE COO. FORM 990, PART VI, SECTION C, LINE 19 NCST MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS HAS CHARGED THE AUDIT COMMITTEE WITH RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION PROCESS. NCST MORTGAGE RESOLUTIONS LLC 910 17TH STREET NW SUITE 500-A WASHINGTON DC 20006 383859645 SERVICE NCST AFFILIATES THAT ACQUIRE NON-PERFORMING MORTGAGE LOANS DC 267768 5154630 NATIONAL COMMUNITY STABILIZATION TRUST LLC STABALIZATION TRUST REO CAPITAL FUND LLC 910 17TH STREET NW SUITE 500-A WASHINGTON DC 20006 270905665 FINANCING OF ACQUISITIONS OF FORECLOSED PROPERTIES DC 0 0 NATIONAL COMMUNITY STABILIZATION TRUST LLC