2017-08-02T14:29:47-05:00 2016-12-31 113066459 CERINI & ASSOCIATES LLP 3340 VETERANS MEMORIAL HWY BOHEMIA NY 11716 990 2016-01-01 133098397 NEIGHBORHOOD HOUSING SERVICES OF NEW YORK CITY NEIG 2125192549 307 WEST 36TH STREET 12TH FLOOR NEW YORK CITY NY 10018 SUSAN M IFILL CEO 2125192549 2017-08-02 1 MATTHEW BURKE CPA CFE P00760659 6315821600 2017-08-02 167.206.147.54 2017-08-02 15:25:16 ED P 0D96A6C6FEFD6D2FDFBFFD43EF77EA61213E98B4 2E2E82FFAAAF81BFDA41C29A770060C4FFBFBD54 2016 2021-01-29 14:40:06Z SUSAN M IFILL 307 WEST 36TH STREET 12TH FLOOR NEW YORK CITY NY 10018 7410542 0 X WWW.NHSNYC.ORG X 1982 NY NHS REVITALIZES UNDERSERVED NEIGHBORHOODS BY CREATING AND PRESERVING AFFORDABLE HOUSING AND PROVIDING OPPORTUNITIES FOR HOMEOWNERSHIP EDUCATION, FINANCIAL ASSISTANCE AND COMMUNITY LEADERSHIP. WORKING IN PARTNERSHIP WITH GOVERNMENT AND BUSINESS, WE ARE LED BY LOCAL RESIDENTS AND GUIDED BY LOCAL NEEDS. 25 25 76 0 0 0 5474198 5331671 1662097 1702743 1239 1308 213066 286496 7350600 7322218 1355866 1697441 0 0 4050084 3685622 0 0 196117 2494023 1881403 7899973 7264466 -549373 57752 15529123 18497784 12902913 15813822 2626210 2683962 X NEIGHBORHOOD HOUSING SERVICES OF NEW YORK CITY, INC. (NHSNYC) REVITALIZES UNDERSERVED COMMUNITIES BY CREATING AND PRESERVING AFFORDABLE HOUSING AND PROVIDING OPPORTUNITIES FOR OMEOWNERSHIP EDUCATION, FINANCIAL ASSISTANCE AND COMMUNITY LEADERSHIP. WE OPERATE THROUGH A NETWORK OF COMMUNITY-BASED ORGANIZATIONS, LED BY LOCAL RESIDENTS IN PARTNERSHIP WITH GOVERNMENT AND BUSINESS: NHS OF EAST FLATBUSH, NHS OF BEDFORD-STUYVESANT, NHS OF NORTHERN QUEENS, NHS OF THE NORTH BRONX AND NHS OF THE SOUTH BRONX. 0 0 3311749 1697441 889296 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 2013, NHSNYC WAS SELECTED BY NEIGHBORWORKS AND WELLS FARGO CITYLIFT INTIATIVE FOR NEW YORK AND NEW JERSEY. $9.5 MILLION IN AWARDED FUNDS WERE PASSED THROUGH TO INCOME-ELIGIBLE FAMILIES WHO PURCHASED HOMES IN BROOKLYN AND THE BRONX WITH A $30,000 LOAN AS DOWN PAYMENT ASSISTANCE, WHICH WILL BE FORGIVEN AFTER FIVE YEARS OF USING THIS PROPERTY AS THEIR PRIMARY RESIDENCE. SINCE 2004, WE HAVE ALSO ADMINISTERED THE NEW YORK CITY DEPARTMENT OF HOUSING PRESERVATION AND DEVELOPMENT'S HOMEFIRST PROGRAM, WHICH PROVIDES FIRST-TIME HOME BUYERS EARNING WITHIN 80% OF THE AREA MEDIAN INCOME WITH A FROGIVEABLE LOAN OF UP TO $15,000-OR 6% OF THEIR PROPERTY'S PURCHASES PRICE-FOR DOWN PAYMENT ASSISTANCE. 2666608 656122 EDUCATION COUNSELING - NHSNYS CURRENTLY STAFFS TEN OFFICES THROUGHOUT NEW YORK CITY, IN EAST FLATBUSH, CANARSIE, BEDFORD-STUYVESANT, SHEEPSHEAD BAY, BRIGHTON BEACH, NORTHERN QUEENS, THE NORTH BRONX AND THE SOUTH BRONX AS WELL AS MID-TOWN MANHATTAN 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 THEIR INFORMED CHOICE IN 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 VERSION OF NW'S CURRICULUM CALLED E-HOME. 173409 157325 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.RESILIENCY PROGRAM - IN THE PAST, NHSNYC HAS PROVIDED NEW YORK CITY RESIDENTS WITH INDIVIDUAL COUNSELING SUPPORT ABOUT THEIR PROPERTY INSURANCE COVERAGE. IN RESPONSE TO SUPERSTORM SANDY AND THE PROJECTED FREQUENCY OF SIMILAR DISASTERS, WE RECENTLY EXPANDED THIS WORK INTO A FORMAL RESILIENCY PROGRAM. IN 2014, THESE EFFORTS WERE ADMINISTERED BY NEIGHBORHOOD HOUSING SERVICES OF EAST FLATBUSH, INC. AND SERVED 172 FAMILIES LIVING ALONG BROOKLYN'S SOUTHEAST SHORELINE-PARTICULARLY THE COMMUNITIES OF CANARSIE AND SHEEPSHEAD BAY. WE ALSO CONDUCTED TRAIN-THE-TRAINER WORKSHOPS ABOUT FLOOD INSURANCE ISSUES FOR 157 DISASTER CASE MANAGERS AND FOR THIS ACCOMPLISHMENT AS WELL AS OTHER SUCCESSES, THE DIRECTOR OF OUR PROGRAM RECEIVED ONE OF FOURTEEN TENACITY AWARDS GIVEN BY THE NEW YORK DISASTER INTERFAITH SERVICES IN JANUARY 2015. 6151766 1 1 0 0 0 0 0 0 1 1 1 0 0 1 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 5 0 1 76 1 0 0 0 0 0 1 1 0 0 0 0 X 25 25 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NY X X X JENNIFER CAMPAYNE 2125192549 307 WEST 36TH STREET 12TH FLOOR NEW YORK NY 10018 RUNIE C MENSCHE PRESIDENT 1.00 X X 0 0 0 BLONDEL PINNOCK VICE PRESIDENT 1.00 X X 0 0 0 DONALD E TOM TREASURER 1.00 X X 0 0 0 JEFFREY CHARLES-PIERRE SECRETARY 1.00 X X 0 0 0 ALBERT PAYNE MEMBER 1.00 X 0 0 0 DAHLIA GUTIERREZ MEMBER 1.00 X 0 0 0 DEBORAH JOHNSON MEMBER 1.00 X 0 0 0 JESSICA M HOLMES MEMBER 1.00 X 0 0 0 JUAN VARGAS MEMBER 1.00 X 0 0 0 MATTHEW LEBER UNTIL 62916 MEMBER 1.00 X 0 0 0 LISA TALMA MEMBER 1.00 X 0 0 0 LOIS LOCKE UNTIL 62916 MEMBER 1.00 X 0 0 0 MARK D PODGAINY MEMBER 1.00 X 0 0 0 MONICA BERRY 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 HALL MEMBER 1.00 X 0 0 0 ROBERT TYRRELL MEMBER 1.00 X 0 0 0 RYAN WALSH UNTIL 62916 MEMBER 1.00 X 0 0 0 SCOTT GOLD MEMBER 1.00 X 0 0 0 SHANEL THOMAS MEMBER 1.00 X 0 0 0 SUSAN CULLEN MEMBER 1.00 X 0 0 0 SUSAN MENDOZA MEMBER 1.00 X 0 0 0 ZENOBIA MCNALLY MEMBER 1.00 X 0 0 0 DAVID BAGATELLE MEMBER 1.00 X 0 0 0 SUSAN IFILL CEO 35.00 X 161029 0 15590 JENNIFER CAMPAYNE CONTROLLER 33.00 2.00 X 12819 0 0 PARVEZ MUSHTAQ CONTROLLER (FORMER) 33.00 2.00 X 100008 0 19965 JEFFREY SCHANBACK GENERAL COUNSEL (FORMER) 26.00 2.00 X 76309 0 982 350165 0 36537 2 0 1 0 0 189886 2996756 2145029 5331671 REHAB. LENDING PROG. R 531390 1286828 1286828 REHAB. LENDING INTERES 531390 415915 415915 1702743 1308 1308 88324 189886 88324 0 RENTAL INCOME 531190 279329 279329 OTHER INCOME 900099 7167 7167 286496 7322218 1989239 0 1308 1697441 1697441 314165 91271 215392 7502 2625195 2283641 268345 73209 454253 367023 74757 12473 292009 235934 48057 8018 9493 3952 3527 2014 155467 64720 57761 32986 100006 70793 23347 5866 698452 558761 104768 34923 35373 10384 24989 337390 337390 142384 113907 21358 7119 65346 52277 9802 3267 EXPENSED EQUIPMENT 109426 87541 16414 5471 MISCELLANEOUS 79884 59503 19880 501 WORKSHOP EXPENSES 62531 62531 OUTSIDE SERVICES 49354 41739 4847 2768 36297 12958 23339 7264466 6151766 916583 196117 2154848 1791795 3788023 6977114 150062 383574 743994 411067 5769756 5600229 86135 113774 4753116 2745087 2166603 2008029 669702 1212202 15529123 18497784 448392 444361 578859 595782 4048163 4771854 7827499 10001825 12902913 15813822 X -2958522 -2980522 1474877 1667276 4109855 3997208 2626210 2683962 15529123 18497784 57752 0 X X 0 1 X 1 1 1 X 7010041 7191912 6490443 5474198 5331671 31498265 7010041 7191912 6490443 5474198 5331671 31498265 31498265 3910 6465 2574 1239 1308 15496 317385 220808 208394 213066 286496 1246149 32759910 3302716 0.96150 0.96580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 4795461 270000 287317 4778144 4921358 120000 245897 4795461 0.84000 0.16000 0 0 90000 90000 2302808 678186 1624622 863056 675377 187679 1184163 1049275 134888 313089 342249 -29160 2008029 DUE FROM NHS STATEN ISLAND 781613 INTERCOMPANY RECEIVABLES 368629 SECURITY DEPOSITS 61960 1212202 INTERCOMPANY PAYABLE 130904 DEFERRED RENT & OTHER LIABILITIES 613130 DUE TO FUNDING SOURCES 5413362 LOAN FUND PAYABLE 3844429 10001825 X 7764193 441975 441975 7322218 0 7322218 7706441 441975 441975 7264466 0 7264466 PART IV, LINE 2B: NHS 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. NHS 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, 2016 AND 2015 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. THE AGENCY IS NO LONGER SUBJECT TO FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE YEAR ENDED DECEMBER 31, 2012 AND PRIOR YEARS. GALA 206893 158841 48052 48052 2 71317 31045 40272 40272 278210 189886 88324 88324 88324 0 1 HOME ASSISTANCE GRANT PROGRAM 113 1697441 PART I, LINE 2: NHSNYC HOLDS A SEPARATE BANK ACCOUNT 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 CEO 125029 0 36000 0 0 0 0 0 15590 0 176619 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 NHS MEMBERS ARE MADE OF A NUMBER OF NEIGHBORHOODS. FORM 990, PART VI, SECTION A, LINE 7A THE NEIGHBORHOODS HAVE THE ABILITY TO ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY. 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 OF OVERSEEING THE AUDIT DID NOT CHANGE 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 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 NHS COMMUNITY DEVELOPMENT CORP N 25 DIRECT COST NHS HOUSING DEVELOPMENT FUND N 49 DIRECT COST