2011-01-13T16:42:25-06:00 2010-09-30 PERRY-SMITH LLP 575 market street suite 3300 SAN FRANCISCO CA 94105 990 2009-10-01 237448104 NEIGHBORHOOD HOUSING SERVICES OF AMERICA NEIG 5108325542 1970 BROADWAY No 300 OAKLAND CA 94612 JOE D'ANGELO 5108325542 2011-01-13 1 4155761100 2009 2016-02-24 21:20:13Z X JOE D'ANGELO 1970 BROADWAY NO 300 OAKLAND CA 94612 17487313 0 X WWW.NHSAONLINE.ORG X 1975 CA USES PRIVATE AND PUBLIC SUPPORT TO PURCHASE LOANS MADE BY NWO ORGANIZATIONS. 10 10 18 0 0 0 5750000 351782 16959959 13943544 1513665 865609 1431208 2326378 25654832 17487313 25000 0 0 5769262 5138624 0 0 31433554 33626328 37227816 38764952 -11572984 -21277639 368570522 289435484 362329730 305532226 6240792 -16096742 LOANS PURCHASED FROM LOCAL HOUSING SERVICE ORGANIZATIONS WHICH PROVIDE SECURED LOANS TO HOMEOWNERS WHO DO NOT MEET NORMAL CREDIT STANDARDS. 1 1 35993293 16269922 NHSA SECONDARY MARKET AND FORECLOSURE PREVENTION ACTIVITIES. PURCHASING LOANS FROM LOCAL NHS PROGRAMS AND OTHER NON-PROFITS IN SUPPORT OF COMMUNITY DEVELOPMENT. PLEDGING LOANS AS COLLATERAL TO SOCIAL INVESTORS (SECURED CREDITORS). 35993293 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 9 0 1 18 1 0 0 0 0 0 0 0 0 0 0 0 10 10 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 CA X X JOE D'ANGELO CROINTERIM CEO 5102874256 1970 BROADWAY SUITE 300 OAKLAND CA 94612 Mary Lee Widener 40.00 X X 176002 0 3118 BRUCE GOTTSCHALL X 0 0 0 PETER LEFFERTS X 0 0 0 MYRON J RESNICK X 0 0 0 HUGH J SHAW X 0 0 0 RHONDA WOODARD X 0 0 0 SHEILA RICE X 0 0 0 BERTHA GARCIA X 0 0 0 JAMES PALEY X 0 0 0 ROSE ESPINOZA X 0 0 0 FRANK DEMARAIS X 0 0 0 Ernest Baskette 40.00 X 212113 0 13671 Jesus Talens 40.00 X 105723 0 10960 William Green 40.00 X 97921 0 1122 Peter Sopka 40.00 X 130860 0 16830 Richard Brown 40.00 X 144239 0 21027 Zaretta Kimble 40.00 X 125667 0 5098 Andrea Washburn 40.00 X 79245 0 8683 Ken Gross 40.00 X 101234 0 9513 JENNIFER BURLISON 40.00 X 79988 0 5869 Roypim Ramsey 40.00 X 119999 0 9319 arati shrestha 40.00 X 100124 0 9351 twyla parks 40.00 X 102003 0 36218 PETER VALERIO 40.00 X 110000 0 19653 KIET CHAN 40.00 X 94000 0 10815 DEIRDRE MOONEY 40.00 X 59640 0 9528 1685118 0 170432 11 0 1 0 XROADS SOLUTIONS GROUP 1821 EAST DYER ROAD SUITE 225 SANTA ANA CA 92705 CONSULTING FEES 1308830 LOAN DNA 201 S LAKE AVENUE SUITE 800 PASADENA CA 91101 SYSTEM MAINTENANCE 582442 GIBSON DUNN & CRUTCHER LLP ONE MONTGOMERY STREET STE 3100 SF CA 94104 LEGAL 453286 PERRY-SMITH LLP 400 CAPITOL MALL SUITE 1200 SACRAMENTO CA 95814 AUDIT 330346 james dean 2535 w simms blvd tampa FL 33609 cONSULTING FEES 170697 5 351782 351782 LOAN INTEREST 525990 13843199 13843199 NOTE RECEIVABLE 525990 100345 100345 13943544 865609 865609 OTHER REVENUE 525990 2326378 2326378 2326378 17487313 16269922 0 865609 1372991 1185786 187205 2720941 2349945 370996 731957 632156 99801 312735 270094 42641 29722 23896 5826 655659 470254 185405 83564 70358 13206 15527529 15524206 3323 148907 148907 PROVISION FOR CREDIT LO 9741706 9741706 0 CONSULTING & PROF. SERV 3171818 2050892 1120926 loss on reo 1655301 1655301 0 OPERATING & ADMINISTRAT 961651 493560 468091 LOSS ON JPI-PER SCH K-1 447740 447740 1202731 1077399 125332 38764952 35993293 2771659 0 25245517 34799922 25052147 3908845 297728295 247255867 1533504 1412320 284825 121184 14992907 195834 5266831 3153832 368570522 289435484 4521813 2370985 314126519 282459229 43681398 20702012 362329730 305532226 X 5003052 -17334482 1237740 1237740 6240792 -16096742 368570522 289435484 X 0 0 0 X 9145863 10011200 8403173 5750000 351782 33662018 9145863 10011200 8403173 5750000 351782 33662018 33662018 2539760 4863658 2284900 1513665 865609 12067592 469258 939698 1055782 1431208 2326378 6222324 51951934 59820819 0.64790 0.67730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 99691 72710 26981 1433813 1339610 94203 121184 DEPOSIT AGREEMENTS 36568 MORTGAGE BONDS 11778843 INTEREST PAYABLE 7555982 DUE TO NETWORK PARTICIPANTS 1330619 20702012 17487313 38764952 -21277639 -1193317 133422 -1059895 -22337534 PART XI, LINE 8 NHSA JPI, LLC - LOSS RECORDED ON BOOK -314,318 NHSA JPI, LLC - PER SCHEDULE K-1 447,740 X 1 1 X X 1 0 0 0 0 0 0 0 0 Mary Lee Widener 176002 0 0 0 0 0 0 0 0 0 176002 0 125983 0 Ernest Baskette 212113 0 0 0 0 0 0 0 0 0 212113 0 123590 0 Richard Brown 144239 0 0 0 0 0 0 0 0 0 144239 0 0 0 Part I, Line 1a PART I, LINE 1A: THE ORGANIZATION PAYS UP TO $300 ANNUALLY ON HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES FOR ALL OF ITS EMPLOYEES. Part I, Line 4a PART I, LINE 4a: BELOW IS THE LIST OF EMPLOYEES WHO RECEIVED SEVERANCE AND ACCRUED VACATION PAYMENTS IN THE FISCAL PERIOD ENDED SEPTEMBER 30, 2010: (1) MARY LEE WIDENER: $105,455 (2) ERNEST BASKETTE: $93,816 (3) JESUS TALENS: $64,085 (4) WILLIAM GREEN: $37,254 (5) RICHARD BROWN: $33,033 (6) ZARETTA KIMBLE: $73,934 (7) ANDREA WASHBURN: $47,574 (8) JENNIFER BURLISON: $21,291 (9) KEN GROSS: $26,110 Form 990, Part III, line 2 New Program Services IN THE FOURTH QUARTER OF THE FISCAL YEAR ENDED SEPTEMBER 30, 2010, THE ORGANIZATION HAD BEGUN TO LIQUIDATE ITS LOAN COLLATERAL. Form 990, Part III, line 3 Changes in Program Services SINCE DECEMBER 2009, THE ORGANIZATION CEASED PURCHASING LOANS FROM NWO ORGANIZATIONS. Form 990, Part VI, Section A, line 3 In February 2010, the Organization hired XRoads Solutions Group, LLC ("XRoads") as Interim CEO/CRO and for financial advisory services to reorganize and restructure the Organization in an effort to secure funding from NeighborWorks America ("NWA"). NWA ultimately decided against resuming funding despite significant reorganization efforts, and XRoads then led with the wind down operations and for the ultimate Assignment for the Benefit of Creditors. Form 990, Part VI, Section A, line 6 THE ORGANIZATION HAS MEMBERS WHO HAVE THE RIGHT TO PARTICIPATE IN THE ORGANIZATION'S GOVERNANCE. THESE MEMBERS DO NOT HAVE THE RIGHT TO RECEIVE DISTRIBUTIONS OF INCOME OR ASSETS FROM THE ORGANIZATION. Form 990, Part VI, Section A, line 7a THE MEMBERS ELECT THE MEMBERS OF THE GOVERNING BODY. Form 990, Part VI, Section A, line 7b THE MEMBERS APPROVE SIGNIFICANT DECISIONS OF THE GOVERNING BODY. Form 990, Part VI, Section B, line 11 THE ORGANIZATION PROVIDES A COPY OF THE FORM 990 TO THE BOARD AND PRESENTS THE ISSUES TO THE BOARD. A QUESTION AND ANSWER SESSION IS HELD AT THE END OF THE PRESENTATION. Form 990, Part VI, Section B, line 12c ALL OFFICERS, DIRECTORS OR TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE AND SIGN THE CONFLICT OF INTEREST POLICY FORM ANNUALLY. Form 990, Part VI, Section B, line 15 THE COMPENSATION COMMITTEE USES THE FEDERAL GUIDELINES TO DETERMINE THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES DOES NOT EXCEED LEVEL 4. Form 990, Part VI, Section C, line 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. PART XI, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. 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