2019-07-23T09:21:55-05:00 2018-12-31 113066459 CERINI & ASSOCIATES LLP 3340 VETERANS MEMORIAL HWY BOHEMIA NY 11716 990 2018-01-01 133098397 NEIGHBORHOOD HOUSING SERVICES OF NEW YORK CITY NEIG 2125192553 307 WEST 36TH ST 12TH FL NEW YORK CITY NY 10018 SUSAN M IFILL CEO 2125192553 2019-07-23 1 MATTHEW BURKE CPA CFE P00760659 6315821600 2019-07-23 167.206.147.54 2019-07-23 09:48:51 ED P 663F5DCE4CB6CD3AED12C8F28A47CC52B8B5B8ED 3ED2F40DB61E1C698EB5DB328045A5B5BA0E3409 2018 2019-02-21 02:37:17Z SUSAN M IFILL 307 WEST 36TH ST 12TH FL NEW YORK CITY NY 10018 11789765 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 PARTNERSHIP WITH GOVERNMENT AND BUSINESS, WE ARE LED BY LOCAL RESIDENTS AND GUIDED BY LOCAL NEEDS. 13 13 42 0 0 40321 6861661 10107498 1214170 1413068 1300 17209 286278 176973 8363409 11714748 4406974 7689039 0 0 2269036 2462768 0 0 203930 1759717 1778959 8435727 11930766 -72318 -216018 22186814 16710714 19575170 14315088 2611644 2395626 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 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 SUPPORT 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 9162619 7689039 323577 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 WITH A FORGIVABLE LOAN EQUAL TO 6% OF THEIR PROPERTY'S PURCHASE PRICE, UP TO A CURRENT MAXIMUM $40,000. 1652921 531580 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 NYCIN 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 PURSUING 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), ENTITLED "REALIZING THE AMERICAN DREAM." NHSNYC ALSO ASSISTS CLIENTS IN COMPLETING AN ONLINE HOMEOWNERSHIP COURSE, CALLED E-HOME. 65313 734884 RENTAL INCOME AND REHABILITATION LENDING INTEREST 65313 734884 10880853 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 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 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 BAGATELLE MEMBER 1.00 X 0 0 0 SUSAN IFILL CHIEF EXECUTIVE OFFICER 35.00 X 196500 0 17058 RASHIDAT JIMOH CONTROLLER 35.00 X 123577 0 14427 DONALD PRUSOCK CHIEF ADMINISTRATIVE OFFIC 35.00 X 103500 0 16834 423577 0 48319 1 0 1 0 0 313954 8622965 1170579 10107498 REHAB. LENDING PROG. R 531390 1053146 1053146 REHAB. LENDING INTEREST 531390 359922 359922 1413068 650 650 16559 16559 75017 313954 75017 0 RENTAL INCOME 531190 176973 176973 176973 11714748 1590041 0 17209 7689039 7689039 471896 223588 226952 21356 1549541 1249168 228094 72279 256954 187209 57843 11902 184377 134331 41505 8541 52303 6660 45643 206803 96763 59517 50523 54758 43259 9309 2190 617306 500272 94742 22292 21383 14920 6245 218 382228 382228 123563 98850 18535 6178 67263 53811 10089 3363 EXPENSED EQUIPMENT 108966 86214 18418 4334 MISCELLANEOUS 74906 63447 11459 STAFF TRAINING & RECRUI 26485 12822 13663 OUTSIDE SERVICES 26422 21699 3969 754 16573 16573 11930766 10880853 845983 203930 1904721 1736323 10343478 4835647 416562 593515 352040 238751 6164812 6228661 129707 179599 4920561 3001893 1912793 1918668 962701 979550 22186814 16710714 317289 315093 581112 544444 4930214 5082118 13746555 8373433 19575170 14315088 X -1569788 -1459716 898549 1279959 3282883 2575383 2611644 2395626 22186814 16710714 -216018 0 X X 0 1 X 1 1 1 X 6490443 5474198 5331671 6861661 10047498 34205471 6490443 5474198 5331671 6861661 10047498 34205471 34205471 2574 1239 1308 1300 650 7071 208394 213066 286496 286278 994234 35206776 3302716 0.97160 0.96230 X 0 1 X 3282883 707500 2575383 3997208 207500 921825 3282883 4795461 270000 1068253 3997208 4921358 120000 245897 4795461 1.00000 0 0 90000 90000 2315108 793781 1521327 863056 763892 99164 1339308 1185546 153762 313089 258674 54415 1918668 DUE FROM NHS STATEN ISLAND 617393 INTERCOMPANY RECEIVABLES 285431 SECURITY DEPOSITS 76726 979550 INTERCOMPANY PAYABLE 130854 DEFERRED RENT & OTHER LIABILITIES 267970 DUE TO FUNDING SOURCES 4692366 LOAN FUND PAYABLE 3282243 8373433 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. 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. 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. PERMANENTLY RESTRICTED FUNDS ARE USED BY NHSNYC TO AWARD LOANS TO LOW- AND MODERATE-INCOME FAMILIES. NHSNYC CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS THE ORIGINAL VALUE OF GRANTS AWARDED TO THE PERMANENT ENDOWMENT. THE PORTION OF THE DONOR-RESTRICTED ENDOWMENT FUND THAT IS NOT CLASSIFIED AS PERMANENTLY RESTRICTED NET ASSETS IS CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS BASED ON DONOR STIPULATIONS. PART X, LINE 2: THE AGENCY HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2018 AND 2017 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICIATION ("ASC") TOPIC 740, "INCOME TAXES," WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. GALA 363971 297249 66722 66722 2 25000 16705 8295 8295 388971 313954 75017 75017 75017 0 1 HOME ASSISTANCE GRANT PROGRAM 82 1519414 NWA CITYLIFT GRANT PROGRAM 302 6040000 PART I, LINE 2: NHSNYC 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 IFILL CHIEF EXECUTIVE OFFICER 190000 0 6500 0 0 0 0 0 17058 0 213558 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 SIZE, BUSINESS AND BUDGET TO DETERMINE THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES. A MARKET SURVEY IS ALSO PERFORMED EVERY 3 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 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