NHS NEIGHBORHOOD REDEVELOPMENT CORP

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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

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) 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. NRC 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: $2,850,983 Revenue: $587,557

NHS NEIGHBORHOOD REDEVELOPMENT CORPORATION (NRC) CONTINUED ITS WORK TO STRENGTHEN AND REVITALIZE COMMUNITIES THROUGHOUT THE LOS ANGELES REGION WITH AFFORDABLE, MISSION-DRIVEN REAL ESTATE SERVICES...

NHS NEIGHBORHOOD REDEVELOPMENT CORPORATION (NRC) CONTINUED ITS WORK TO STRENGTHEN AND REVITALIZE COMMUNITIES THROUGHOUT THE LOS ANGELES REGION WITH AFFORDABLE, MISSION-DRIVEN REAL ESTATE SERVICES, AFFORDABLE HOUSING DEVELOPMENT AND COMMERCIAL PROPERTY MANAGEMENT SERVICES. DURING THE FISCAL YEAR, NRC RESPONDED TO THE LA WILDFIRES BY SUPPORTING LOCAL REALTORS, WORKING TO ACQUIRE LOCAL PROPERTIES AND TO REPRESENT MODEST INCOME LOCAL SELLERS IN THE CHALLENGING REAL ESTATE MARKET. NRC MANAGED ITS OWN PROPERTIES AND ASSISTED MORE THAN 7,000 CLIENTS THROUGH FINANCIAL LITERACY WORKSHOPS, ESTATE PLANNING, AND HOMEBUYER EDUCATION WORKSHOPS. NRC ALSO PARTNERED WITH LOCAL NONPROFITS TO SERVE AND REFER CLIENTS, SUPPORT NEIGHBORHOOD EVENTS AND FINANCIAL WORKSHOPS, AND TO STRENGTHEN LOCAL BUSINESSES. NRC WORKED TO PROTECT MORE THAN $2.2 BILLION IN HOME/BUSINESS 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 (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

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

$520,517

Total Directors

$363,136

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
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