NEIGHBORHOOD HOUSING SERVICES OF L… - Form 990 Financial Data

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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

1997

Legal Domicile

Principal Officer

LORI GAY

Phone

2133812862

Tax Period

2023-07-01 to 2024-06-30

NEIGHBORHOOD HOUSING SERVICES OF LOS ANGELES COUNTY, founded in 1997, is a community nonprofit in the Housing & Shelter sector that reported $3.2M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 73% operating margin.

Mission

NEIGHBORHOOD HOUSING SERVICES OF LOS ANGELES COUNTY (NHS) SERVES AS A CATALYST FOR LOCAL RESIDENTS, BUSINESS AND GOVERNMENT REPRESENTATIVES TO WORK TOGETHER TO BUILD STRONGER NEIGHBORHOODS, IMPROVE THE QUALITY OF LIFE FOR FAMILIES OF MODEST MEANS AND TO REVITALIZE COMMUNITIES INTO NEIGHBORHOODS OF CHOICE. NHS STRENGTHENS COMMUNITIES THROUGH THE DEVELOPMENT AND MAINTENANCE OF QUALITY AFFORDABLE HOUSING, CREATION AND PRESERVATION OF AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES AND HOUSING, SUPPORT OF LOCAL LEADERS, PROVIDING FINANCIAL EDUCATION AND HOUSING COUNSELING, AND INCREASING THE FINANCIAL INDEPENDENCE OF FAMILIES AND PEOPLE IN NEED.

Program Service Accomplishments

Program 1

Expenses: $761,540

NEIGHBORHOOD HOUSING SERVICES OF LOS ANGELES COUNTY (NHS) CONTINUES ITS COMMITMENT TO STRENGTHEN MODEST INCOME COMMUNITIES THROUGH THE PROMOTION AND DEVELOPMENT OF AFFORDABLE AND SUSTAINABLE...

NEIGHBORHOOD HOUSING SERVICES OF LOS ANGELES COUNTY (NHS) CONTINUES ITS COMMITMENT TO STRENGTHEN MODEST INCOME COMMUNITIES THROUGH THE PROMOTION AND DEVELOPMENT OF AFFORDABLE AND SUSTAINABLE HOMEOWNERSHIP OPPORTUNITIES. FOR THE FISCAL YEAR, NHS PROVIDED OVER 7,200 CLIENTS WITH FINANCIAL LITERACY TRAINING AND FINANCIAL COUNSELING. CLIENTS WERE PROVIDED INFORMATION ON HOW TO PURCHASE A HOME, AND TO KEEP THEIR HOME. THEY ALSO RECEIVED HOME REPAIR, ADU AND ESTATE PLANNING COUNSELING TO HELP BETTER PREPARE FOR THEIR FUTURE. NHS ASSISTED 246 FAMILIES TO RECEIVE AFFORDABLE LOANS, ORIGINATING MORE THAN $88.5 MILLION IN AFFORDABLE LOANS, WHILE PROTECTING MORE THAN $2 BILLION IN NEIGHBORHOOD PROPERTY VALUES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,633,105

Program Service Revenue $0

Investment Income $481,463

Other Revenue $65,762

TOTAL REVENUE $3,180,330

Expense Breakdown

Grants Paid $0

Salaries & Benefits $810,214

Fundraising Expenses $69,234

Program Expenses $761,540

Other Expenses $50,024

TOTAL EXPENSES $860,238

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,180,330	$2,348,264	+0.4%
Expenses	$860,238	$1,558,534	-0.4%
Net Income	$2,320,092	$789,730	+1.9%

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

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

$612,946

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLORIA TANG	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
RIGOBERTO REYES	BOARD MEMBER	1.00	Director	$0	$0	$0
RON TURNER	VICE CHAIRPERSON (AS OF 02/01/24)	1.00	Officer Director	$0	$0	$0
SAL MENDOZA	OUTGOING CHAIRMAN	1.00	Officer Director	$0	$0	$0
STEVE HERMAN	CHAIRMAN (AS OF 2/1/24)	1.00	Officer Director	$0	$0	$0
ZEEDA DANIELE	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES PRICE	CONTROLLER & CFO	16.00	Officer	$136,796	$24,703	$161,499
LORI GAY	PRESIDENT & CEO	14.00	Officer	$414,941	$36,506	$451,447
CONSTANCE ANDERSON	SENIOR VP & CHIEF DEVELOPMENT OFFICER	12.00	Highest	$151,196	$10,353	$161,549
JUANITA JIMENEZ	OPERATIONS MANAGER	16.00	Highest	$124,326	$11,850	$136,176
KIMBERLEY WOODS	AVP & SENIOR PROGRAM DIREC	14.00	Highest	$131,603	$10,971	$142,574
RHONDA MCMILLAN	VP & CCAO	8.00	Highest	$161,815	$10,092	$171,907

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	No data	No data	No data	No data
2024	$3,180,330	$860,238	$6,917,155	$2,320,092
2023	$2,348,264	$1,558,534	$4,429,875	$789,730
2022	$3,238,235	$2,113,918	$4,817,869	$1,124,317
2021	$3,163,415	$1,645,595	$6,122,611	$1,517,820
2020	$2,369,467	$1,884,547	$7,106,423	$484,920

NEIGHBORHOOD HOUSING SERVICES OF LOS ANGELES COUNTY