NHS NEIGHBORHOOD LENDING SERVICES … - 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

1996

Legal Domicile

Principal Officer

LORI GAY

Phone

2133812862

Tax Period

2023-07-01 to 2024-06-30

NHS NEIGHBORHOOD LENDING SERVICES INC, founded in 1996, is a community nonprofit in the Community Improvement sector that reported $7.8M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.4M, a strong 31% operating margin.

Mission

NHS NEIGHBORHOOD LENDING SERVICES INC. (NLS) 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. NLS 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.

Program Service Accomplishments

Program 1

Expenses: $4,878,478 Revenue: $1,294,441

NHS NEIGHBORHOOD LENDING SERVICES (NLS) CONTINUED ITS WORK TO STRENGTHEN MODEST-INCOME COMMUNITIES THROUGH PROMOTION AND SUPPORT OF POTENTIAL BUYERS, HOMEOWNERS, AND SMALL BUSINESSES. DURING THE...

NHS NEIGHBORHOOD LENDING SERVICES (NLS) CONTINUED ITS WORK TO STRENGTHEN MODEST-INCOME COMMUNITIES THROUGH PROMOTION AND SUPPORT OF POTENTIAL BUYERS, HOMEOWNERS, AND SMALL BUSINESSES. DURING THE FISCAL YEAR, NLS ORIGINATED MORE THAN $88.5 MILLION IN LENDING ACTIVITIES, WHILE PROVIDING MORE THAN 6,200 CLIENT FAMILIES WITH ACCESS TO FINANCIAL EDUCATION, FINANCIAL LITERACY AND COUNSELING SERVICES, ALONG WITH FULL ESTATE PLANNING. NLS TEAM MEMBERS PARTNERED WITH LOCAL FINANCIAL INSTITUTIONS TO PROVIDE DOWNPAYMENT AND CLOSING COST ASSISTANCE, HOME REPAIR, SMALL BUSINESS AND ADU FUNDING THROUGHOUT LOS ANGELES COUNTY. MORE THAN $2.2 BILLION IN HOME/BUSINESS PROPERTY VALUES WERE PRESERVED THROUGH THE EFFORTS OF THE NLS STAFF AND VOLUNTEERS.

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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 $6,436,070

Program Service Revenue $1,294,441

Investment Income $0

Other Revenue $67,336

TOTAL REVENUE $7,797,847

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,770,677

Fundraising Expenses $155,702

Program Expenses $4,878,478

Other Expenses $3,626,808

TOTAL EXPENSES $5,397,485

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,797,847	$6,415,630	+0.2%
Expenses	$5,397,485	$5,293,523	+0.0%
Net Income	$2,400,362	$1,122,107	+1.1%

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

$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	12.00	Officer	$0	$24,703	$161,499
LORI GAY	PRESIDENT & CEO	14.00	Officer	$0	$36,506	$451,447
CONSTANCE ANDERSON	SENIOR VP & CHIEF DEVELOPMENT OFFICER	12.00	Highest	$0	$10,353	$161,549
JUANITA JIMENEZ	OPERATIONS MANAGER	16.00	Highest	$0	$11,850	$136,176
KIMBERLEY WOODS	AVP & SENIOR PROGRAM DIREC	14.00	Highest	$0	$10,971	$142,574
RHONDA MCMILLAN	VP & CCAO	8.00	Highest	$0	$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	$7,797,847	$5,397,485	$38,676,998	$2,400,362
2023	$6,415,630	$5,293,523	$36,533,252	$1,122,107
2022	$6,959,224	$7,878,087	$35,658,674	$-918,863
2021	$14,666,985	$4,142,405	$54,342,710	$10,524,580
2020	$4,466,011	$3,382,629	$39,983,889	$1,083,382

NHS NEIGHBORHOOD LENDING SERVICES INC