2013-11-13T10:45:23-06:00 2012-12-31 113518842 MARKS PANETH & SHRON LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2012-01-01 133098397 NEIGHBORHOOD HOUSING SERVICES OF NEW YORK CITY INC NEIG 2125192549 307 WEST 36TH STREET 12TH FLOOR NEW YORK NY 10018 BERNELL GRIER 2125192549 2013-11-13 1 ROBERT R LYONS CPA P00227472 2125038800 2012 2016-02-24 21:20:13Z BERNELL GRIER 307 WEST 36TH STREET 12TH FLOOR NEW YORK NY 10018 9231589 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. 26 25 89 8 0 0 7723668 7010041 1781140 1797908 4045 3910 230171 317385 9739024 9129244 3726308 2991943 0 0 4303717 4294561 0 0 279900 2311094 2105468 10341119 9391972 -602095 -262728 21460780 17944371 17289467 15076978 4171313 2867393 X NHS REVITALIZES UNDERSERVED NEIGHBORHOODS BY CREATING AND PRESERVING (SEE SCHEDULE O)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. 0 0 4526820 2991943 1038826 LENDING - FULL CYCLE LENDING IS A CONSUMER FRIENDLY APPROACH THAT ADDRESSES THE NEEDS OF LOW AND MODERATE INCOME NEW YORKERS AND EMPOWERS THEM TO TURN THE DREAM OF HOMEOWNERSHIP INTO REALITY BY PROVIDING COMPREHENSIVE HOMEBUYER EDUCATION PROGRAMS, DETAILED INFORMATION ON MORTGAGE PROGRAMS, AVAILABLE GRANTS & LOANS AS WELL AS DOWN PAYMENT AND CLOSING COST ASSISTANCE FOR QUALIFIED FIRST TIME HOMEBUYERS. IN 2012, WE ENABLED 222 NEW YORK CITY RESIDENTS TO PURCHASE THEIR FIRST HOME, BY FACILITATING MORE THAN $52 MILLION IN AFFORDABLE AND FIXED RATE MORTGAGE FINANCING - WHICH REPRESENTS 27% INCREASE IN THIS METRIC, COMPARED WITH OUR RESULTS IN 2011. 2667440 753907 EDUCATION COUNSELING - INCLUDES TRAINING ON PERSONAL FINANCIAL MANAGEMENT, FORECLOSURE PREVENTION, HOME MAINTENANCE, INSURANCE MATTERS, REVERSE MORTGAGE PROGRAM, FIRST-TIME HOME BUYER EDUCATION AND LANDLORD TRAINING.IN 2012, NHSNYC PROVIDED INDIVIDUAL COUNSELING SERVICES TO 777 FAMILIES AT RISK OF FORECLOSURE AND HELPED 167 REMAINING HOMEOWNERS BY HELPING THEM NEGOTIATE A MORTGAGE MODIFICATION - WHICH REPRESENTS AN 11% INCREASE IN THIS METRIC COMPARED WITH OUR RESULTS IN 2011. 267374 5175 SPECIAL PROJECTS - INCLUDES PROVIDING FREE PRE-PURCHASE COUNSELING, HOMEBUYERS CLUB, FIRST HOME CLUB, AND DOWN PAYMENT/CLOSING COST ASSISTANCE PROGRAMS.IMMEDIATELY AFTER HURRICANE SANDY, NHSNYC WAS ONE OF THE FIRST ORGANIZATIONS IN NEW YORK CITY TO OFFER LOW-INTEREST LOANS FOR EMERGENCY REPAIRS. WE SOON RECOGNIZED THAT IMPACTED HOMEOWNERS HAD A GREATER NEED FOR CLEANING SUPPLIES AND ASSISTANCE IN MAKING THEIR HOME HABITABLE. NHS OF EAST FLATBUSH HAS LED OUR EFFORTS IN DISTRIBUTING NEEDED HOUSING AND CLEANING SUPPLIES TO FAMILIES SUFFERING IN THE AFTERMATH OF HURRICANE SANDY. WE PILOTED THIS WORK BY SECURING THE FUNDING NECESSARY TO CREATE 300 KITS OF KEY CLEANING SUPPLIES WITH: GERMICIDAL BLEACH, PROTECTIVE GOGGLES, FACE MASKS, SCRUB BRUSHES, BUCKETS AND RUBBER GLOVES. WE DISTRIBUTED THESE KITS DURING AN ALL-DAY EVENT ON NOVEMBER 17TH - IN PARTNERSHIP WITH THE HOLY FAMILY CHURCH IN CANARSIE AND LOCAL GIRL SCOUT TROOP, TARGETING THE AREA'S GROWING HAITIAN COMMUNITY. THROUGH THIS WORK, WE HAVE CREATED AN EFFECTIVE ENGAGEMENT STRATEGY FOR BUILDING RELATIONSHIPS WITH HOMEOWNERS LIKELY TO BENEFIT FROM OUR CORE SERVICES. 7461634 1 1 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 11 0 89 1 0 0 0 0 0 1 1 0 0 0 0 X 26 25 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 NY X PARVEZ MUSHTAQ 2125192549 307 WEST 36TH STREET 12 FLOOR NEW YORK NY 10018 ERIK SHUMAR 1.00 X X 0 0 0 RUNIE MENSCHE 1.00 X X 0 0 0 JEFFREY CHARLES-PIERRE 1.00 X X 0 0 0 RAFFAELE CARDONE 1.00 X X 0 0 0 JACQUELINE ALEXANDER 1.00 X 0 0 0 HELEN ARTEAGA 1.00 X 0 0 0 MONICA BERRY 1.00 X 0 0 0 EDWARD BUTTS 1.00 X 0 0 0 MAURICE COLEMAN 1.00 X 0 0 0 HALA FARID 1.00 X 0 0 0 DAVID FRY 1.00 X 0 0 0 SUSANNAH GILLETTE 1.00 X 0 0 0 SCOTT GOLD 1.00 X 0 0 0 ROBERT HALL 1.00 X 0 0 0 PAUL HAWTHORNE 1.00 X 0 0 0 DEBORAH JOHNSON 1.00 X 0 0 0 MATTHEW LEBER 1.00 X 0 0 0 JESSICA LEONARD 1.00 X 0 0 0 LOIS LOCKE 1.00 X 0 0 0 ZENOBIA MCNALLY 1.00 X 0 0 0 SUSAN MENDOZA 1.00 X 0 0 0 JACQUELINE O'GARROW 1.00 X 0 0 0 ALBERT PAYNE 1.00 X 0 0 0 RAYMOND RIVERA 1.00 X 0 0 0 WILLIAM SMITH 1.00 X 0 0 0 RICHARD J ROBERTO 1.00 X 0 0 0 BERNELL GRIER 33.00 2.00 X 156840 0 7499 SUSAN IFILL 33.00 2.00 X 115154 0 1088 JEFFREY SCHANBACK 33.00 2.00 X 92475 0 5134 LOUIS KILKENNY 33.00 2.00 X 100385 0 19775 PARVEZ MUSHTAQ 33.00 2.00 X 98279 0 19835 563133 0 53331 1 0 1 0 CERINI & ASSOCIATES LLP 3340 VETERANS MEMORIAL HWY BOHEMIA NY 11716 ACCOUNTING 116500 1 237435 4839354 1933252 7010041 PROG. SERVICE REVENUE 531390 1188822 1188822 REV. ON NOTES REC. 531390 609086 609086 1797908 3910 3910 102345 237435 102345 0 OTHER REVENUE 900099 317385 317385 317385 9129244 1797908 0 321295 2991943 2991943 616464 274842 319376 22246 2897702 2421043 440406 36253 1265 977 267 21 531321 429474 92904 8943 247809 191446 52232 4131 6413 6413 72250 1694 70556 154663 31806 54477 68380 124300 58720 41408 24172 589918 324455 235967 29496 88148 98 87334 716 432431 432431 136724 82034 47854 6836 39981 39981 OTHER EXPENSE 276151 84403 119654 72094 EQUIPMENT EXPENSE 90683 58944 27205 4534 OUTSIDE SERVICES 46534 35034 9422 2078 STAFF TRAINING AND RECR 24910 19928 4982 22362 22362 9391972 7461634 1650438 279900 7162989 1463240 4001727 1302736 506961 8561283 7664638 59447 4679111 2309124 2471711 2369987 1962061 1878371 21460780 17944371 1865505 594699 461081 420883 3432358 3658877 11530523 10402519 17289467 15076978 X -736540 -2159561 612998 832099 4294855 4194855 4171313 2867393 21460780 17944371 X -262728 -1041192 X X 0 1 X 1 1 1 X 7308650 10170283 10343684 7938415 7010041 42771073 7308650 10170283 10343684 7938415 7010041 42771073 42771073 94576 12933 11650 4045 3910 127114 5641 163251 615779 230171 317385 1332227 44230414 0.96700 0.96870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 4294855 100000 200000 4194855 4005885 489000 200000 4294885 4005885 200000 200000 4005885 4930855 75000 1000000 4005855 4617855 513000 5130855 1.00000 0 0 162450 162450 2211458 448286 1763172 982729 569286 413443 1322474 1291552 30922 2369987 DUE FROM AFFILIATE 1808511 OTHER NONCURRENT ASSETS 69860 1878371 LOAN FUNDS PAYABLE 7041404 DEFERRED RENT 218233 DUE TO FUNDING SOURCES 3142882 10402519 X 9343992 214748 214748 9129244 0 9129244 9606720 214748 214748 9391972 0 9391972 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE AGENCY HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2012 AND 2011 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. THE AGENCY IS NO LONGER SUBJECT TO FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE YEAR ENDED DECEMBER 31, 2009 AND PRIOR YEARS. GALA 339780 237435 102345 38205 23366 37050 3724 0 339780 237435 102345 38205 23366 37050 3724 102345 0 0 HOME ASSISTANCE GRANT PROGRAM 222 2991943 0 THE ORGANIZATION MONITORS THE USE OF GRANT FUNDS BY REQUIRING DETAILED REPORTS SUBSTANTIATING AND VALIDATING THE USE OF FUNDS GRANTED, AND BY REMAINING IN CONTACT WITH GRANT RECIPIENTS DURING THE GRANT PERIOD. X X X 0 0 0 0 0 0 0 0 0 BERNELL GRIER 156840 0 0 0 0 0 0 0 7499 0 164339 0 0 0 RUNIE MENSCHE BOARD MEMBER 13201 A LIMITED NUMBER OF NHSNYC BORROWERS HAVE CONTRACTED WITH MR. MENSCHE'S COMPANY FOR CONSTRUCTION WORK. NHSNYC'S POLICY IS TO ISSUE CHECKS JOINTLY IN THE NAME OF THE BORROWER AND THE CONTRACTOR. 0 FORM 990, PART VI, SECTION B, LINE 11 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: BAD DEBT - NHS STATEN ISLAND -1,041,192. PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT: FORM 990, PART XII, LINE 2C THE PROCESS OF OVERSEEING TEH AUDIT DID NOT CHANGE FROM PRIOR YEAR, HOWEVER A NEW INDEPENDENT ACCOUNTANT WAS ENGAGED FOR 2012. NEIGHBORHOOD HOUSING SERVICES HOUSING DEVELOPMENT FUND CORP 307 WEST 36TH STREET NEW YORK NY 10018 133739464 CREATING AND PRESERVING AFFORDABLE HOUSING NY 501C(3) LINE 7 1 NEIGHBORHOOD HOUSING SERVICES COMMUNITY DEVELOPMENT CORP 307 WEST 36TH STREET NEW YORK NY 10018 133914176 CREATING AND PRESERVING AFFORDABLE HOUSING NY 501C(3) LINE 9 1 NHS MORTGAGE CORPORATION 307 WEST 36TH STREET NEW YORK NY 10018 260619553 CREATING AND PRESERVING AFFORDABLE HOUSING NY 501C(3) LINE 7 1 0 0 0 1 0 0 0 0 0 1 1 1 0 1 1 0 0 0 0 NHS COMMUNITY DEVELOPMENT CORP N 91525 DIRECT COST NHS COMMUNITY DEVELOPMENT CORP O 217469 DIRECT COST