NHS NEIGHBORHOOD REDEVELOPMENT CORP

EIN: 954646848 501(c)(3) Community Improvement

LOS ANGELES, CA

Total Revenue
$5,487,006
Total Expenses
$3,092,023
Total Assets
$15,430,211
Net Assets
$10,074,932
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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
1996
Legal Domicile
CA
Principal Officer
LORI GAY
Phone
2133812862
Tax Period
2024-07-01 to 2025-06-30

NHS NEIGHBORHOOD REDEVELOPMENT CORP, founded in 1996, is a community nonprofit in the Community Improvement sector that reported $5.5M in total revenue in fiscal year 2024. Revenue surged 520% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.4M, a strong 44% operating margin.

Mission

NHS NEIGHBORHOOD REDEVELOPMENT CORPORATION (NRC) MISSION IS TO SERVE AS A CATALYST FOR RESIDENTS, BUSINESS, AND GOVERNMENT REPRESENTATIVES TO WORK TOGETHER TO BUILD STRONGER NEIGHBORHOODS, IMPROVE THE QUALITY OF LIFE FOR LOW TO MODERATE INCOME FAMILIES AND TO REVITALIZE COMMUNITIES INTO NEIGHBORHOODS OF CHOICE. NRC STRENGTHENS COMMUNITIES BY DEVELOPING AND MAINTAIN QUALITY AFFORDABLE HOUSING, CREATING AND PRESERVING AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES, SUPPORTING LOCAL LEADERS, PROVIDING FINANCIAL EDUCATION, AND INCREASING THE FINANCIAL INDEPENDENCE OF FAMILIES AND PEOPLE IN NEED.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,874,304
Program Service Revenue $587,557
Investment Income $0
Other Revenue $25,145
TOTAL REVENUE $5,487,006

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,274,952
Fundraising Expenses $42,946
Program Expenses $2,850,983
Other Expenses $1,817,071
TOTAL EXPENSES $3,092,023

Year-over-Year Comparison

2024 2023 Change
Revenue $5,487,006 $884,522 +5.2%
Expenses $3,092,023 $3,011,125 +0.0%
Net Income $2,394,983 $-2,126,603 -2.1%
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

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Governance

Voting Members
6
Independent Members
5
Employees
N/A
Volunteers
5

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
6
$520,517
Total Directors
6
$363,136
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GLORIA TANG SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
LORI GAY PRESIDENT & CEO 10.00
Officer Director
$0 $36,824 $363,136
RIGOBERTO REYES BOARD MEMBER 1.00
Director
$0 $0 $0
RON TURNER VICE CHAIRPERSON 1.00
Officer Director
$0 $0 $0
STEVE HERMAN CHAIRPERSON 1.00
Officer Director
$0 $0 $0
ZEEDA DANIELE BOARD MEMBER 1.00
Director
$0 $0 $0
HOWARD CHAN CFO 12.00
Officer
$0 $0 $0
JAMES PRICE CONTROLLER (OUTGOING) 12.00
Officer
$0 $26,307 $157,381
JUANITA JIMENEZ OPERATIONS MANAGER 16.00
Highest
$0 $15,102 $149,613
KIMBERLEY WOODS AVP & SENIOR PROGRAM DIREC 20.00
Highest
$0 $20,050 $164,183
RHONDA MCMILLAN VP & CCAO 8.00
Highest
$0 $11,238 $191,334
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 $5,487,006 $3,092,023 $15,430,211 $2,394,983
2024 $884,522 $3,011,125 $19,686,567 $-2,126,603
2023 $5,011,036 $6,216,906 $18,460,183 $-1,205,870
2022 $1,467,595 $3,159,588 $17,509,503 $-1,691,993
2021 $1,253,805 $2,083,758 $25,992,350 $-829,953
2020 $-5,930,415 $1,879,118 $19,331,244 $-7,809,533
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