2019-11-13T15:31:09-06:00 2019-06-30 880374623 HOULDSWORTH RUSSO & COMPANY PC 8675 S EASTERN AVE STE A LAS VEGAS NV 891232839 990 2018-07-01 300154421 NEVADA AFFORDABLE HOUSING NEVA 7026756638 3016 W CHARLESTON BLVD 160 LAS VEGAS NV 89102 VERISE CAMPBELL CEO/COO 7025705579 2019-10-08 true KATIE HAMPTON P00292787 7022699992 2019-11-13 174.71.223.14 2019-11-13 15:31:09 CS P E7FC33D6464FDD279193490F0119697EEF82149E 2D52C743AA1FA1D206CD3DAD869986DD0666D095 2018 2020-03-31 21:24:44Z VERISE CAMPBELL 3016 W CHARLESTON BLVD 160 LAS VEGAS NV 89102 41785915 false X WWW.NEVADAHARDESTHITFUND.NV.GOV X 2003 NV THE MISSION OF NAHAC IS TO PROVIDE FUNDS, SUBSIDIES, AND/OR BENEFITS TO NEVADA HOMEOWNERS OR OTHER TARGETED GROUPS OF INDIVIDUALS WITHIN THE STATE OF NEVADA IN ORDER TO ASSIST WITH AFFORDABLE OR SUBSIDIZED SINGLE OR MULTI-FAMILY HOUSING. AT A MINIMUM, THIS WILL ENCOMPASS CONSISTENTLY DETERMINING WHAT THE SPECIFIC NEEDS OF NEVADA HOMEOWNERS ARE, AND ANY OTHER APPLICABLE NEEDS OF THE INDIVIDUAL COMMUNITIES THEREIN. LIAISONS WITH PUBLIC AND PRIVATE PARTNERS, AS APPLICABLE, WILL BE CONSISTENTLY SOUGHT TO ACHIEVE THIS OVERARCHING OBJECTIVE. THE NAHAC QUALIFIED AND TRAINED TEAM OF PROFESSIONALS WILL PROVIDE THIS SERVICE IN AN EFFICIENT AND EFFECTIVE MANNER, MAKING THE NEEDS OF ELIGIBLE NEVADA HOMEOWNERS ITS TOP DAILY PRIORITY. 6 6 12 6 0 16122392 41089887 0 696028 0 16122392 41785915 13905283 39404284 0 954368 1012685 0 0 1343908 1373059 16203559 41790028 -81167 -4113 46048469 5512417 45495385 4963446 553084 548971 X THE MISSION OF NAHAC IS TO PROVIDE FUNDS, SUBSIDIES, AND/OR BENEFITS TO NEVADA HOMEOWNERS OR OTHER TARGETED GROUPS OF INDIVIDUALS WITHIN THE STATE OF NEVADA IN ORDER TO ASSIST WITH AFFORDABLE OR SUBSIDIZED SINGLE OR MULTI-FAMILY HOUSING. AT A MINIMUM, THIS WILL ENCOMPASS CONSISTENTLY DETERMINING WHAT THE SPECIFIC NEEDS OF NEVADA HOMEOWNERS ARE, AND ANY OTHER APPLICABLE NEEDS OF THE INDIVIDUAL COMMUNITIES THEREIN. LIAISONS WITH PUBLIC AND PRIVATE PARTNERS, AS APPLICABLE, WILL BE CONSISTENTLY SOUGHT TO ACHIEVE THIS OVERARCHING OBJECTIVE. THE NAHAC QUALIFIED AND TRAINED TEAM OF PROFESSIONALS WILL PROVIDE THIS SERVICE IN AN EFFICIENT AND EFFECTIVE MANNER, MAKING THE NEEDS OF ELIGIBLE NEVADA HOMEOWNERS ITS TOP DAILY PRIORITY. false false 39404284 39404284 PRINCIPAL REDUCTION PROGRAM (PRP)- PROVIDES ASSISTANCE TO REDUCE THE PRINCIPAL BALANCE OF PRIMARY MORTGAGES FOR BORROWERS WITH AN ELIGIBLE FINANCIAL HARDSHIP AND/OR NEGATIVE EQUITY BY: (A) PRINCIPAL REDUCTION AND A PERMANENT MODIFICATION OR REAMORTIZATION TO ACHIEVE AN AFFORDABLE MONTHLY PAYMENT; OR (B) PRINCIPAL REDUCTION OF A "NON-DELINQUENT" BORROWER'S PRIMARY MORTGAGE IN A SIGNIFICANT NEGATIVE EQUITY POSITION TO AN AMOUNT AS CLOSE TO AND NOT LESS THAN 100% LOAN-TO-VALUE RATIO AS THE AMOUNT OF PER- HOUSEHOLD ASSISTANCE WILL PERMIT TO REDUCE THE RISK OF POTENTIAL DEFAULT BY SUCH BORROWERS. THIS ASSISTANCE IS PROVIDED AS A ONE-TIME PAYMENT TO LENDERS/SERVICERS UP TO A MAXIMUM OF 100,000 PER HOUSEHOLD. SECOND MORTGAGE REDUCTION PLAN (SMRP)- PROVIDES ASSISTANCE TO BORROWERS WITH AN ELIGIBLE FINANCIAL HARDSHIP WHO HAVE A SECOND MORTGAGE LIEN AND WHO: (A) COULD ACHIEVE AFFORDABLE MONTHLY MORTGAGE PAYMENTS AND AN APPROPRIATE LEVEL OF DEBT IF THEIR SECOND MORTGAGE (SECOND LIEN) WERE ELIMINATED; OR (B) COULD ACHIEVE AFFORDABLE MONTHLY MORTGAGE PAYMENTS AND AN APPROPRIATE LEVEL OF DEBT WITH A PRINCIPAL REDUCTION AND REAMORTIZATION OR MODIFICATION OF THEIR SECOND MORTGAGE. THIS ASSISTANCE IS PROVIDED AS A ONE-TIME PAYMENT TO LENDERS/SERVICERS UP TO A MAXIMUM OF 50,000 PER HOUSEHOLD. MORTGAGE ASSISTANCE PROGRAM (MAP AND U-MAP)- PROVIDES TEMPORARY FINANCIAL ASSISTANCE TO ELIGIBLE NEVADA BORROWERS WHO WISH TO REMAIN IN THEIR HOMES, BUT HAVE SUFFERED A LOSS OF INCOME DUE TO UNEMPLOYMENT OR UNDEREMPLOYMENT. MAP PROVIDES MORTGAGE PAYMENT ASSISTANCE EQUAL TO THE LESSER OF 3,000 PER MONTH OR 100% OF THE PRINCIPAL, INTEREST, TAX, AND INSURANCE, AS APPLICABLE (PITI) AND ANY ESCROWED OR NON-ESCROWED HOMEOWNER'S ASSOCIATION DUES OR ASSESSMENTS, FOR UP TO EIGHTEEN (18) MONTHS, WITH THE PURPOSE OF PREVENTING AVOIDABLE FORECLOSURES UNTIL SUCH TIME THAT THE BORROWER RETAINS EMPLOYMENT SUFFICIENT TO MEET THE DEMANDS OF SATISFYING THEIR REGULAR MORTGAGE PAYMENT. MORTGAGE REINSTATEMENT ASSISTANCE PROGRAM (MRAP)- PROVIDES TEMPORARY FINANCIAL ASSISTANCE TO ELIGIBLE BORROWERS WHO WISH TO REMAIN IN THEIR HOMES, BUT ARE IN IMMINENT DANGER OF LOSING THEIR HOME TO FORECLOSURE. MRAP PROVIDES FUNDS TO HELP INCOME-QUALIFIED BORROWERS CURE THEIR DELINQUENT FIRST MORTGAGE LOAN ARREARAGES, WHICH MAY ALSO INCLUDE PAYMENTS NEEDED TO REINSTATE THEIR LOANS FROM FORECLOSURE. ASSISTANCE WITH CURING DELINQUENT, NON-ESCROWED PROPERTY TAXES AND HOMEOWNERS' ASSOCIATION DUES IS ONLY AVAILABLE IN CONJUNCTION WITH OTHER ASSISTANCE ON THE HOMEOWNER'S MORTGAGE LOANS. 39404284 true true false false false false false false false false true false false true true false true false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false true 13 0 12 true false false false false false false false false false false false false X 6 6 false false false false false false false true true false false true true true true true true true true false X VERISE CAMPBELL 7026756638 3016 W CHARLESTON BLVD 160 LAS VEGAS NV 89102 TIMOTHY WHITWRIGHT PRESIDENT & 5.00 X X 0 0 0 MICHAEL HOLLIDAY TREASURER 2.00 X X 0 0 0 SHARATH CHANDRA DIRECTOR 2.00 X 0 0 0 RANDE JOHNSEN DIRECTOR 2.00 X 0 0 0 JIM HASTINGS DIRECTOR 2.00 X 0 0 0 MOHAMMAD NEMATI VICE PRESIDE 2.00 X X 0 0 0 VERISE CAMPBELL CEO/COO 40.00 X 111959 0 7676 111959 7676 1 false false false SPERIDIAN TECHNOLOGIES LLC 2355 MAIN STREET STE 240 IRVINE CA 92614 IT 267988 ELLSWORTH STOUT 7881 W CHARLESTON BLVD 155 LAS VEGAS NV 89117 ACCOUNTING 159500 APPLEONE 6655 W SAHARA LAS VEGAS NV 89146 STAFFING 151620 FENNEMORE CRAIG PC 2394 E CAMELBACK ROAD SUITE 600 PHOENIX AZ 85016 LEGAL SERVICES 137768 BRAINTRUST MARKETING COMMUNICATION 8948 SPANISH RIDGE AVE LAS VEGAS NV 89148 MARKETING 108264 5 41089887 41089887 696028 696028 41785915 696028 39404284 39404284 125419 125419 756233 756233 70898 70898 60135 60135 141305 141305 211029 211029 180605 180605 98705 98705 31330 31330 373676 373676 106063 106063 128105 128105 35050 35050 BUSINESS PARTNERS 28733 28733 RECORDING FEES 16487 16487 STATISTICAL DATA 10729 10729 MISCELLANEOUS EXPENSES 7076 7076 4166 4166 41790028 39404284 2385744 0 444892 491697 44839706 4440718 47112 54849 45367 17452 478272 398608 207771 79664 463621 428037 46048469 5512417 106383 121919 45389002 4841527 45495385 4963446 X 553084 548971 553084 548971 46048469 5512417 -4113 X false true X true false X 5411570 5510130 8318917 16122392 41089887 76452896 5411570 5510130 8318917 16122392 41089887 76452896 76452896 150 1131 696028 697309 535 350 885 77151090 0.99100 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 478272 398608 79664 79664 RECEIVABLE FROM NHD 413200 DEPOSITS 14837 428037 REFUNDABLE ADVANCE 4841527 4841527 41785915 41785915 41785915 41790028 41790028 41790028 true MORTGAGE ASSISTANCE 237 39404284 SCHEDULE I, PAGE 1, PART I, LINE 2 MORTGAGE ASSISTANCE GRANTS ARE FUNDED DIRECTLY TO ELIGIBLY HOMEOWNERS' MORTGAGE SERVICERS. FORM 990 - ORGANIZATION'S MISSION THE MISSION OF NAHAC IS TO PROVIDE FUNDS, SUBSIDIES, AND/OR BENEFITS TO NEVADA HOMEOWNERS OR OTHER TARGETED GROUPS OF INDIVIDUALS WITHIN THE STATE OF NEVADA IN ORDER TO ASSIST WITH AFFORDABLE OR SUBSIDIZED SINGLE OR MULTI-FAMILY HOUSING. AT A MINIMUM, THIS WILL ENCOMPASS CONSISTENTLY DETERMINING WHAT THE SPECIFIC NEEDS OF NEVADA HOMEOWNERS ARE, AND ANY OTHER APPLICABLE NEEDS OF THE INDIVIDUAL COMMUNITIES THEREIN. LIAISONS WITH PUBLIC AND PRIVATE PARTNERS, AS APPLICABLE, WILL BE CONSISTENTLY SOUGHT TO ACHIEVE THIS OVERARCHING OBJECTIVE. THE NAHAC QUALIFIED AND TRAINED TEAM OF PROFESSIONALS WILL PROVIDE THIS SERVICE IN AN EFFICIENT AND EFFECTIVE MANNER, MAKING THE NEEDS OF ELIGIBLE NEVADA HOMEOWNERS ITS TOP DAILY PRIORITY. FORM 990, PAGE 2, PART III, LINE 4A PRINCIPAL REDUCTION PROGRAM (PRP)- PROVIDES ASSISTANCE TO REDUCE THE PRINCIPAL BALANCE OF PRIMARY MORTGAGES FOR BORROWERS WITH AN ELIGIBLE FINANCIAL HARDSHIP AND/OR NEGATIVE EQUITY BY: (A) PRINCIPAL REDUCTION AND A PERMANENT MODIFICATION OR REAMORTIZATION TO ACHIEVE AN AFFORDABLE MONTHLY PAYMENT; OR (B) PRINCIPAL REDUCTION OF A "NON-DELINQUENT" BORROWER'S PRIMARY MORTGAGE IN A SIGNIFICANT NEGATIVE EQUITY POSITION TO AN AMOUNT AS CLOSE TO AND NOT LESS THAN 100% LOAN-TO-VALUE RATIO AS THE AMOUNT OF PER- HOUSEHOLD ASSISTANCE WILL PERMIT TO REDUCE THE RISK OF POTENTIAL DEFAULT BY SUCH BORROWERS. THIS ASSISTANCE IS PROVIDED AS A ONE-TIME PAYMENT TO LENDERS/SERVICERS UP TO A MAXIMUM OF 100,000 PER HOUSEHOLD. SECOND MORTGAGE REDUCTION PLAN (SMRP)- PROVIDES ASSISTANCE TO BORROWERS WITH AN ELIGIBLE FINANCIAL HARDSHIP WHO HAVE A SECOND MORTGAGE LIEN AND WHO: (A) COULD ACHIEVE AFFORDABLE MONTHLY MORTGAGE PAYMENTS AND AN APPROPRIATE LEVEL OF DEBT IF THEIR SECOND MORTGAGE (SECOND LIEN) WERE ELIMINATED; OR (B) COULD ACHIEVE AFFORDABLE MONTHLY MORTGAGE PAYMENTS AND AN APPROPRIATE LEVEL OF DEBT WITH A PRINCIPAL REDUCTION AND REAMORTIZATION OR MODIFICATION OF THEIR SECOND MORTGAGE. THIS ASSISTANCE IS PROVIDED AS A ONE-TIME PAYMENT TO LENDERS/SERVICERS UP TO A MAXIMUM OF 50,000 PER HOUSEHOLD. MORTGAGE ASSISTANCE PROGRAM (MAP AND U-MAP)- PROVIDES TEMPORARY FINANCIAL ASSISTANCE TO ELIGIBLE NEVADA BORROWERS WHO WISH TO REMAIN IN THEIR HOMES, BUT HAVE SUFFERED A LOSS OF INCOME DUE TO UNEMPLOYMENT OR UNDEREMPLOYMENT. MAP PROVIDES MORTGAGE PAYMENT ASSISTANCE EQUAL TO THE LESSER OF 3,000 PER MONTH OR 100% OF THE PRINCIPAL, INTEREST, TAX, AND INSURANCE, AS APPLICABLE (PITI) AND ANY ESCROWED OR NON-ESCROWED HOMEOWNER'S ASSOCIATION DUES OR ASSESSMENTS, FOR UP TO EIGHTEEN (18) MONTHS, WITH THE PURPOSE OF PREVENTING AVOIDABLE FORECLOSURES UNTIL SUCH TIME THAT THE BORROWER RETAINS EMPLOYMENT SUFFICIENT TO MEET THE DEMANDS OF SATISFYING THEIR REGULAR MORTGAGE PAYMENT. MORTGAGE REINSTATEMENT ASSISTANCE PROGRAM (MRAP)- PROVIDES TEMPORARY FINANCIAL ASSISTANCE TO ELIGIBLE BORROWERS WHO WISH TO REMAIN IN THEIR HOMES, BUT ARE IN IMMINENT DANGER OF LOSING THEIR HOME TO FORECLOSURE. MRAP PROVIDES FUNDS TO HELP INCOME-QUALIFIED BORROWERS CURE THEIR DELINQUENT FIRST MORTGAGE LOAN ARREARAGES, WHICH MAY ALSO INCLUDE PAYMENTS NEEDED TO REINSTATE THEIR LOANS FROM FORECLOSURE. ASSISTANCE WITH CURING DELINQUENT, NON-ESCROWED PROPERTY TAXES AND HOMEOWNERS' ASSOCIATION DUES IS ONLY AVAILABLE IN CONJUNCTION WITH OTHER ASSISTANCE ON THE HOMEOWNER'S MORTGAGE LOANS. FORM 990, PAGE 6, PART VI, LINE 11B A DRAFT OF THE FORM 990 IS PRESENTED TO THE GOVERNING BOARD AND APPROVED BY THE BOARD CHAIRPERSON PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD OF DIRECTORS REVIEWS THE CONFLICT OF INTEREST POLICY AND MAKES UPDATES AS DETERMINED NECESSARY. FORM 990, PAGE 6, PART VI, LINE 15A THE CEO'S COMPENSATION IS REVIEWED AND APPROVED BY THE GOVERNING BOARD. FORM 990, PAGE 6, PART VI, LINE 15B THE COMPENSATION OF OTHER EMPLOYEES IS REVIEWED AND APPROVED BY THE CEO. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.