NEIGHBORHOOD LENDING SERVICES INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1987

Legal Domicile

Principal Officer

TOM SAKOS

Phone

7738950750

Tax Period

2024-04-01 to 2025-03-31

NEIGHBORHOOD LENDING SERVICES INC, founded in 1987, is a community nonprofit in the Housing & Shelter sector that reported $4.6M in total revenue in fiscal year 2024. The organization ran a surplus of $1.1M, a strong 24% operating margin.

Mission

THE PURPOSES FOR WHICH NLS WAS ORGANIZED WERE: (I) TO RECEIVE, ADMINISTER AND DISBURSE FUNDS EXCLUSIVELY FOR SCIENTIFIC, EDUCATIONAL, AND CHARITABLE PURPOSES WITHOUT PECUNIARY GAIN TO ITS MEMBERS; (II) TO MAKE LOANS FOR THE BENEFIT OF PERSONS OF LOW-MODERATE INCOME WHO RESIDE PRIMARILY IN TARGETED NEIGHBORHOODS FOR IMPROVEMENTS TO THEIR RESIDENCY;(III) TO STEM OR OTHERWISE PREVENT DETERIORATION OF EXISTING HOUSING STOCK IN TARGETED NEIGHBORHOODS;(IV) TO PROVIDE IMPROVED HOUSING OPPORTUNITIES FOR PERSONS OF LOW- AND MODERATE-INCOME.

Program Service Accomplishments

Program 1

Expenses: $2,366,328 Revenue: $2,515,489

NEIGHBORHOOD LENDING SERVICES, INC. (NLS) IS AN ILLINOIS RESIDENTIAL MORTGAGE LICENSE (#M000661) AND AN EQUAL OPPORTUNITY HOUSING LENDER, INCORPORATED IN 1987 TO PROVIDE AFFORDABLE FINANCING FOR HOME PURCHASE, HOME IMPROVEMENTS OR REFINANCE LOANS TO HELP BORROWERS BUY, FIX, AND KEEP THEIR HOMES. NLS ORIGINATES AFFORDABLE FIXED-RATE LOANS FOR BORROWERS IN THE CITY OF CHICAGO AND SOUTH SUBURBAN COOK COUNTY. NLS OFFERS FIRST MORTGAGES FOR HOME PURCHASE, PURCHASE-REHAB, REFINANCE AND REFINANCE-REHAB AND HOME IMPROVEMENT. THROUGH ITS PARTNERSHIPS WITH THE CITY OF CHICAGO, NLS ALSO OFFERS FORGIVABLE AND DEFERRED LOANS IN TANDEM WITH OTHER NLS LOAN PRODUCTS. THE MAJORITY OF OUR LOANS AND GRANTS WENT TO LOW-MODERATE INCOME NEIGHBORHOODS IN CHICAGO AND SOUTH SUBURBAN COOK COUNTY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,353,812

Program Service Revenue $3,213,522

Investment Income $0

Other Revenue $24,335

TOTAL REVENUE $4,591,669

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,838,817

Fundraising Expenses $0

Program Expenses $2,366,328

Other Expenses $1,651,097

TOTAL EXPENSES $3,489,914

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,591,669	$4,471,240	+0.0%
Expenses	$3,489,914	$3,292,012	+0.1%
Net Income	$1,101,755	$1,179,228	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$665,736

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT TUCKER	BOARD PRESIDENT	5.00	Officer Director	$0	$0	$0
THOMAS FITZGIBBON JR	BOARD SECRETARY	5.00	Officer Director	$0	$0	$0
MANUEL JIMENEZ	DIRECTOR	5.00	Director	$0	$0	$0
FARUK DAUDBASIC	DIRECTOR	5.00	Director	$0	$0	$0
ARTHUR NEVILLE	DIRECTOR	5.00	Director	$0	$0	$0
ANTHONY SIMPKINS	CHIEF EXECUTIVE OFFICER	10.00	Officer	$0	$16,723	$238,561
DONNA CLARKE	CHIEF OPERATING OFFICER	10.00	Officer	$0	$7,454	$167,662
TOM SAKOS	CHIEF FINANCIAL OFFICER	10.00	Officer	$0	$0	$161,108
JANICE CRAWFORD	CHIEF CREDIT OFFICER	30.00	Officer	$0	$9,678	$98,405

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$4,591,669	$3,489,914	$16,442,299	$1,101,755
2024	$4,471,240	$3,292,012	$21,361,936	$1,179,228
2023	$2,840,462	$3,564,491	$24,089,231	$-724,029
2022	$4,912,824	$4,891,111	$30,819,021	$21,713
2021	$5,304,786	$4,838,156	$29,916,373	$466,630
2020	$4,777,772	$5,125,282	$30,924,294	$-347,510
2019	$5,597,103	$4,782,286	$25,555,683	$814,817
2018	$6,858,257	$6,280,690	$22,762,982	$577,567