2020-09-02T13:38:19-05:00 2019-12-31 113066459 CERINI & ASSOCIATES LLP 3340 VETERANS MEMORIAL HWY BOHEMIA NY 11716 990 2019-01-01 133098397 NEIGHBORHOOD HOUSING SERVICES OF NEW YORK CITY NEIG 2125192553 307 WEST 36TH ST 12TH FL NEW YORK CITY NY 10018 PATRICIA PRIMO CEO 2125192553 2020-09-02 1 MATTHEW BURKE CPA CFE P00760659 6315821600 2020-09-02 167.206.147.54 2020-09-02 13:22:08 ED P 351049000885B529C1FA095352C05E19FA06F491 351049000885B529C1FA095352C05E19FA06F491 2019 2020-11-06 18:47:13Z PATRICIA PRIMO 307 WEST 36TH ST 12TH FL NEW YORK CITY NY 10018 8406007 0 X WWW.NHSNYC.ORG X 1982 NY NHSNYC REVITALIZES UNDERSERVED NEIGHBORHOODS BY HELPING RESIDENTS BUY, MAINTAIN AND STAY IN THEIR HOMES. NHSNYC EMPOWERS RESIDENTS THROUGH HOMEOWNERSHIP EDUCATION, FINANCIAL CAPABILITY BUILDING AND COMMUNITY LEADERSHIP TRAINING. WORKING IN PARTNERHSIP WITH GOVERNMENT AND BUSINESS, WE ARE LED BY LOCAL RESIDENTS AND GUIDED BY LOCAL NEEDS. 16 16 42 0 0 0 10107498 4449191 1413068 1228346 17209 1579326 176973 123957 11714748 7380820 7689039 2358986 0 0 2462768 2591579 0 0 225128 1778959 1895046 11930766 6845611 -216018 535209 16710714 18691664 14315088 15567604 2395626 3124060 X NEIGHBORHOOD HOUSING SERVICES OF NEW YORK CITY (NHSNC), THROUGH FINANCIAL EMPOWERMENT AND AFFORDABLE LENDING, ENABLES INDIVIDUALS AND FAMILIES TO INVEST IN, PRESERVE AND IMPROVE THEIR NEIGHBORHOODS, THEIR HOMES AND THEIR FUTURE. 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 3836851 2358986 1005644 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 2017, NEIGHBORWORKS AMERICA SELECTED NHSNYC TO ADMINISTER A $7.5 MILLION WELLS FARGO NEIGHBORHOODLIFT PROGRAM IN NEW YORK CITY. THROUGH THIS WORK, WE PROVIDED MORE THAN 300 LOW- AND MODERATE-INCOME FAMILIES WITH A FORGIVABLE LOAN OF $20,000 FOR DOWNPAYMENT OR CLOSING COST ASSISTANCE TO HELP PURCHASE HOMES IN QUEENS, BROOKLYN OR THE BRONX. THESE LOANS WILL BE FORGIVEN AFTER FIVE YEARS, CONDITIONED ON CLIENTS RESIDING IN THE HOME AS THEIR PRIMARY RESIDENCE FOR THOSE FIVE YEARS. IN 2013, NHSNYC RECEIVED $9.5 MILLION FROM A SIMILAR WELLS FARGO PROGRAM, THROUGH WHICH WE HELPED 450 FAMILIES SUSTAINABLY ACHIEVE HOMEOWNERSHIP. SINCE 2006, WE HAVE ALSO ADMINISTERED THE NEW YORK CITY DEPARTMENT OF HOUSING PRESERVATION AND DEVELOPMENT'S HOMEFIRST PROGRAM, WHICH PROVIDES FIRST-TIME HOME BUYERS EARNING 80% OR LESS THAN THE AREA MEDIAN INCOME WITHA FORGIVABLE LOAN EQUAL TO 6% OF THEIR PROPERTY'S PURCHASE PRICE, WITH A CURRENT MAXIMUM $40,000. 1817794 210852 EDUCATION COUNSELING: NHSNYC CURRENTLY OPERATES IN FIVE OFFICES THROUGHOUT NEW YORK CITY. THESE INCLUDE OUR HOMEOWNERSHIP CENTER HEADQUARTERS IN MIDTOWN MANHATTAN, A SATELLITE OFFICE IN THE TRANSPORT WORKERS UNION COUNSELING CENTER IN THE NORTH BRONX, A SATELLITE PRESENCE IN SOUTH BRONX, AND HARLEM, AND A COUNSELING CENTER IN DISTRICT COUNCIL 37'S LOWER MANHATTAN OFFICE SERVING 121,000 MUNICIPAL EMPLOYEE UNION MEMBERS IN NYC IN EACH LOCATION, NHSNYC PROVIDES EDUCATION AND COUNSELING SERVICES THAT ENABLE OUR CLIENTS TO MAKE INFORMED CHOICES WHEN PURCHASING A HOME. SPECIFICALLY, WE TEACH FAMILIES HOW TO ASSESS AND MAINTAIN THEIR PERSONAL FINANCES, INCLUDING INDENTIFYING AN AFFORADALE MONTHLY HOUSING COST THAT DOES NOT EXCEED 36% OF TOTAL INCOME. WHEN CLIENTS ARE INTERESTED IN PURSING HOMEOWNERSHIP, WE ENROLL THEM IN OUR EIGHT-HOUR HOME BUYERS EDUCATION CLASS, WHICH TEACHES PARTICIPANTS ABOUT CREDIT, EFFECTIVE MONEY MANAGEMENT TECHNIQUES, AS WELL AS THE MORTGAGE APPLICATION AND HOME BUYING PROCESS, USING A CURRICULUM DEVELOPED BY NEIGHBORWORKS AMERICA (NWA), ENTITILED "REALIZING THE AMERICAN DREAM." NHSNYC ALSO ASSISTS CLIENTS IN COMPLETING ONLINE HOMEOWNERSHIP COURSE, CALLED E-HOME. 66214 11850 RENTAL INCOME AND REHABILITATION LENDING INTEREST. 66214 11850 5720859 1 1 0 0 0 0 0 0 1 1 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 1 1 0 0 0 1 7 0 1 42 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 NY X X X RASHIDAT JIMOH 2125192553 307 WEST 36TH STREET 12TH FLOOR NEW YORK NY 10018 BLONDEL PINNOCK PRESIDENT 1.00 X X 0 0 0 DONALD E TOM TREASURER 1.00 X X 0 0 0 DEBORAH JOHNSON MEMBER 1.00 X 0 0 0 LISA TALMA MEMBER 1.00 X 0 0 0 MARK D PODGAINY MEMBER 1.00 X 0 0 0 PAUL HAWTHORNE MEMBER 1.00 X 0 0 0 PHILLIPE Y PAULINO MEMBER 1.00 X 0 0 0 ROBERT TYRRELL 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 MEMBER 1.00 X 0 0 0 DAVID BAGTELLE MEMBER 1.00 X 0 0 0 SUSAN BAGATELLE CEO 35.00 X 191000 0 17675 RASHIDAT JIMOH CONTROLLER 35.00 X 116433 0 15024 DONALD PRUSOCK CHIEF ADMINISTRATIVE OFFICER 35.00 X 108212 0 17478 415645 0 50177 3 0 1 0 0 298051 3258865 892275 4449191 REHAB. LENDING PROG. R 531190 1228346 1228346 1228346 13532 13532 2500000 934206 1565794 1565794 1565794 90981 298051 90981 0 RENTAL INCOME 531190 121145 121145 OTHER INCOME 900099 2812 2812 123957 7380820 1349491 0 1582138 2358986 2358986 465824 190307 254649 20868 1710777 1403631 226433 80713 232603 170336 51411 10856 182375 133555 40309 8511 82545 36032 46513 181579 59153 58523 63903 42902 33893 7293 1716 664738 537743 102805 24190 35681 23671 12010 377630 377630 132494 105995 19874 6625 66558 53246 9984 3328 MISCELLANEOUS 138361 92744 45617 0 EXPENSED EQUIPMENT 89993 71094 15299 3600 WORKSHOP EXPENSES 31578 31578 0 0 OUTSIDE SERVICES 27312 22325 4169 818 23675 18940 4735 6845611 5720859 899624 225128 1736323 1283289 4835647 4309522 593515 552563 238751 289285 6228661 9983461 179599 248956 4257921 2787899 1918668 1470022 979550 554566 16710714 18691664 315093 318424 544444 709319 5082118 4279654 8373433 10260207 14315088 15567604 X -1459716 -1179949 3855342 4304009 2395626 3124060 16710714 18691664 X 535209 193225 X X 0 1 X 1 1 1 X 5474198 5331671 6861661 10047498 4449191 32164219 5474198 5331671 6861661 10047498 4449191 32164219 32164219 1239 1308 1300 650 684 5181 213066 286496 286278 785840 32955240 0.97600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 2575383 0 2575383 3282883 707500 2575383 3997208 207000 921825 3282883 4795461 270000 1068253 3997208 4921358 120000 245897 4795461 1.00000 0 0 60000 60000 1659810 546880 1112930 894754 800257 94497 1379729 1231156 148573 263628 209606 54022 1470022 DEFERRED RENT & OTHER LIABILITIES 785053 DUE TO FUNDING SOURCES 3954268 LOAN FUND PAYABLE 5520886 10260207 X 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 BORROWER'S 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. 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. PART X, LINE 2: THE AGENCY HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2019 AND 2018 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 369467 369467 79277 2 19565 19565 11704 389032 389032 90981 90981 -90981 1 HOME ASSISTANCE GRANT PROGRAM 77 1433886 NWA CITYLIFT GRANT PROGRAM 38 704000 PART I, LINE 2: NHS HOLDS GRANT FUNDS IN A SEPARATE BANK ACCOUNT FOR EACH GRANT. DISBURSEMENTS OF GRANT FUNDS ARE TRACKED 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 SUSAN BAGATELLE CEO 190000 0 1000 0 0 0 0 0 17675 0 208675 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 ORGANIZAITON 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 POISITIONS WITH OTHER ORGANIZATIONS OF SIMILAR SIZE, BUSINESS AND BUDGET TO DETERMINE THE COMPENSATION 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. FORM 990, PART XI, LINE 9: INCLUSION OF NET ASSETS OF INACTIVE ENTITIES FOR WHICH NHS IS THE SOLE CORP 193,225. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. NHS HOUSING DEVELOPMENT FUND CORPORATION 307 WEST 36TH STREET NEW YORK NY 10018 133739464 CREATING AND PRESERVING AFFORDABLE HOUSING NY 501(C)(3) LINE 7 NEIGHBORHOOD HOUSING SERVICES OF NYC 1 NHS CITYWIDE HOUSING DEVELOPMENT FUND CORPORATION 307 WEST 36TH STREET NEW YORK NY 10018 263504381 CREATING AND PRESERVING AFFORDABLE HOUSING NY 501(C)(3) LINE 7 NEIGHBORHOOD HOUSING SERVICES OF NYC 1 NHS MORTGAGE CORPORATION 307 WEST 36TH STREET NEW YORK NY 10018 260619553 CREATING AND PRESERVING AFFORDABLE HOUSING NY 501(C)(3) LINE 7 NEIGHBORHOOD HOUSING SERVICES OF NYC 1 NHS COMMUNITY DEVELOPMENT CORPORATION 307 WEST 36TH STREET NEW YORK NY 10018 133914167 CREATING AND PRESERVING AFFORDABLE HOUSING NY 501(C)(3) LINE 7 NEIGHBORHOOD HOUSING SERVICES OF NYC 1 NEIGHBORHOOD HOUSING SERVICES OF SOUTH BRONX INC 200 E 161 STREET BRONX NY 10451 364699979 CREATING AND PRESERVING AFFORDABLE HOUSING NY 501(C)(3) LINE 7 NEIGHBORHOOD HOUSING SERVICES OF NYC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0