NHS NEIGHBORHOOD LENDING SERVICES INC

EIN: 954646850 501(c)(3) Community Improvement

LOS ANGELES, CA

Total Revenue
$7,797,847
Total Expenses
$5,397,485
Total Assets
$38,676,998
Net Assets
$32,123,363
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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
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.

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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 (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

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Governance

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

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
$612,946
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
4
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
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