2018-07-05T10:33:59-05:00 2017-12-31 113066459 CERINI & ASSOCIATES LLP 3340 VETERANS MEMORIAL HWY BOHEMIA NY 11716 990 2017-01-01 133098397 NEIGHBORHOOD HOUSING SERVICES OF NEW YORK CITY NEIG 2125192553 307 WEST 36TH ST 12TH FL NO APT5D NEW YORK CITY NY 10018 SUSAN M IFILL CEO 2125192553 2018-07-03 1 MATTHEW BURKE CPA CFE P00760659 6315821600 2018-07-03 2017 2022-09-23 18:48:47Z SUSAN M IFILL 307 WEST 36TH ST 12TH FL NO APT5D NEW YORK CITY NY 10018 8433113 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 75 0 0 0 5331671 6861661 1702743 1214170 1308 1300 286496 286278 7322218 8363409 1697441 4406974 0 0 3685622 2269036 0 0 176449 1881403 1759717 7264466 8435727 57752 -72318 18497784 22171814 15813822 19560170 2683962 2611644 X NEIGHBORHOOD HOUSING SERVICES OF NEW YORK CITY, INC. (NHSNYC) REVITALIZES UNDERSERVED COMMUNITIES BY CREATING AND PRESERVING AFFORDABLE HOUSING AND PROVIDING OPPORTUNITIES FOR HOMEOWNERSHIP FINANCIAL EDUCATION, FINANCIAL ASSISTANCE AND COMMUNITY LEADERSHIP. WE OPERATE THROUGH A NETWORK OF COMMUNITY-BASED ORGANIZATIONS. 0 0 5621991 4406974 798893 LENDING: NEIGHBORHOOD HOUSING SERVICES OF NEW YORK CITY, INC. (NHSNYC) IS A NETWORK OF NEIGHBORHOOD OFFICES, HOUSING DEVELOPMENT CORPORATIONS AND A CENTRAL OFFICE THAT ADMINISTERS OUR WORK AS A 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 BUIDLINGS, 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 WILL PROVIDE 350 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 FORGIVEABLE LOAN EQUAL TO 6% OF THEIR PROPERTY'S PURCHASE PRICE, UP TO A CURRENT MAXIMUM $40,000. 872927 278771 EDUCATION COUNSELING: NHSNYS CURRENTLY STAFFS FIVE OFFICES THROUGHOUT NEW YORK CITY, IN THE TRANSPORT WORKERS UNION'S COUNSELING IN THE NORTH BRONX, THE SOUTH BRONX AS WELL AS MID-TOWN MANHATTAN, HARLEM, AND DISTRICT COUNCIL 37, THE LARGEST MUNICIPAL EMPLOYEES UNION IN NEW YORK CITY WITH 121,000 MEMBERS. IN EACH LOCATION, NHSNYC PROVIDES EDUCATION AND COUNSELING SERVICES THAT ENABLE OUR CLIENTS TO ACHIEVE AN INFORMED CHOICE 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 EXCEED 36% OF TOTAL INCOME. WHEN CLIENTS ARE INTERSTED 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 (NW), ENTITLED "REALIZING THE AMERICAN DREAM." NHSNYC ALSO ASSISTS CLIENTS IN COMPLETING AN ONLINE HOMEOWNERSHIP COURSE, CALLED E-HOME. 494359 136506 SPECIAL PROJECTS: FIRST MORTGAGE ORIGINATION: IN 2014, NHSNYC BEGAN OFFERING FIRST MORTGAGES TO PURCHASE OR REFINANCE ONE-TO-FOUR FAMILY HOMES IN NEW YORK CITY. NOTABLY, WE SECURED A $1 MILLION REVOLVING CREDIT FACILITY FROM ONE KEY BANK PARTNER TO ORIGINATE FIRST MORTGAGES IN BROOKLYN AND MANHATTAN-PRIMARILY FOR FAMILIES WHO EARN 80% OR LESS THAN THE AREA MEDIAN INCOME (AMI) AND HAVE A MINIMUM FICO SCORE OF 640. FOR CLIENTS PURCHASING HOMES IN A LOW-OR-MODERATE-INCOME CENSUS TRACT, WE HAVE THE ABILITY TO ORIGINATE MORTGAGES FOR FAMILIES EARNING 165% OR LESS THAN AMI. NHSNYC WILL SELL BOTH TYPES OF MORTGAGES BACK TO OUR BANK PARTNER FOR A MODEST PREMIUM, WHICH WILL HELP INCREASE OUR EARNED INCOME AS WELL AS HELP DEFRAY THE COST OF OUR HOMEOWNERSHIP EDUCATION AND COUSELING SERVICES. THROUGH THIS WORK, WE WILL EXPAND THE AVAILABILITY OF AFFORDABLE AND FIXED-RATE MORTGAGE FINANCING, ESPECIALLY FOR LOW-TO-MODERATE-INCOME CLIENTS IN COMMUNITIES OF COLOR, THEREBY ENABLING MORE FAMILIES TO SUSTAINABLY ACHIEVE THE AMERICAN DREAM OF HOMEOWNERSHIP. 6989277 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 1 0 0 1 3 0 1 75 1 0 0 0 0 0 1 1 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 192250 0 16405 JENNIFER CAMPAYNE CONTROLLER (FORMER) 35.00 X 87824 0 1085 RASHIDAT JIMOH LOAN PORTFOLIO MANAGER/INTERIM CONTROLLER 35.00 X 86485 0 14269 DONALD PRUSOCK CHIEF ADMINISTRATIVE OFFICER 35.00 X 96654 0 6953 463213 0 38712 1 0 1 0 0 281021 3302508 3278132 6861661 REHAB. LENDING PROG. R 531390 813582 813582 REHAB. LENDING INTERES 531390 400588 400588 1214170 1300 1300 69704 281021 69704 0 RENTAL INCOME 531190 269480 269480 OTHER INCOME 900099 16798 16798 286278 8363409 1500448 0 1300 4406974 4406974 463213 240544 203444 19225 1413047 1054841 304006 54200 216798 161941 36575 18282 175978 131450 29688 14840 50417 14204 36213 239964 83664 106601 49699 39814 22841 15779 1194 560035 311400 235961 12674 22903 8784 12828 1291 355116 355116 133242 17614 115628 57113 40774 13247 3092 FORGIVENESS OF INTERCOM 112665 0 112665 0 EXPENSED EQUIPMENT 74854 48529 25097 1228 WORKSHOP EXPENSES 45594 45594 0 0 OUTSIDE SERVICES 28097 21125 6309 663 39903 23882 15960 61 8435727 6989277 1270001 176449 1791795 1904721 6977114 10343478 383574 416562 411067 352040 5600229 6149812 113774 129707 4791122 2878329 2008029 1912793 1212202 962701 18497784 22171814 444361 317289 595782 581112 4771854 4930214 10001825 13731555 15813822 19560170 X -2980522 -1252189 1667276 580950 3997208 3282883 2683962 2611644 18497784 22171814 -72318 0 X X 0 1 X 1 1 1 X 7191912 6490443 5474198 5331671 6861661 31349885 7191912 6490443 5474198 5331671 6861661 31349885 31349885 6465 2574 1239 1308 1300 12886 220808 208394 213066 286496 286278 1215042 32577813 3302716 0.96230 0.96150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 4778144 416330 1017176 4177298 4795461 270000 287317 4778144 4921358 120000 245897 4795461 0.79000 0.21000 0 0 90000 90000 2313108 735912 1577196 863056 723618 139438 1211869 1162072 49797 313089 256727 56362 1912793 INTERCOMPANY PAYABLE 130853 DEFERRED RENT & OTHER LIABILITIES 439672 DUE TO FUNDING SOURCES 9441087 LOAN FUND PAYABLE 3719943 13731555 X 8423409 60000 60000 8363409 0 8363409 8495727 60000 60000 8435727 0 8435727 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, 2017 AND 2016 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 333525 269681 63844 63844 2 17200 11340 5860 5860 350725 281021 69704 69704 69704 0 1 HOME ASSISTANCE GRANT PROGRAM 115 1865474 BANK OF AMERICA COMMUNITY HOME FUND PROGRAM 99 2197500 0 PART I, LINE 2: NHSNYC HOLDS SEPARATE BANK ACCOUNTS IN WHICH ALL GRANT FUNDS ARE MAINTAINED. 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 188750 0 3500 0 0 0 0 0 16405 0 208655 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 NORTHERN QUEENS INC 60-20 WOODSIDE AVENUE 2ND FLOOR WOODSIDE NY 11377 800615257 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 NEIGHBORHOOD HOUSING SERVICES OF BEDFORD-STUYVESANT INC 1012 GATES AVENUE BROOKLYN NY 11221 800615267 CREATING AND PRESERVING AFFORDABLE HOUSING NY 501(C)(3) LINE 7 NEIGHBORHOOD HOUSING SERVICES OF NYC 1 NEIGHBORHOOD HOUSING SERVICES OF NORTH BRONX INC 1451 E GUN HILL ROAD 2ND FLOOR BRONX NY 10469 800615273 CREATING AND PRESERVING AFFORDABLE HOUSING NY 501(C)(3) LINE 7 NEIGHBORHOOD HOUSING SERVICES OF NYC 1 NEIGHBORHOOD HOUSING SERVICES OF EAST FLATBUSH INC 2806 CHURCH AVENUE BROOKLYN NY 11226 800615264 CREATING AND PRESERVING AFFORDABLE HOUSING NY 501(C)(3) LINE 7 NEIGHBORHOOD HOUSING SERVICES OF NYC 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NHS COMMUNITY DEVELOPMENT CORP B 112665 DIRECT COST