Neighborhood Housing Services Of Los Angeles County
- Assets
- $4.8m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 52
- Location
- Los Angeles, CA
- Founding
- 04/1987
- Data as of
- 06/2022
- EIN
- 95-3938955
Organization Overview
Neighborhood Housing Services Of Los Angeles County is located in Los Angeles, CA. The organization was established in 1987. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Neighborhood Housing Services Of Los Angeles County employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood Housing Services Of Los Angeles County is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Neighborhood Housing Services Of Los Angeles County generated $3.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (14.4%) each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (21.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
NHS CONTINUES ITS COMMITMENT TO STRENGTHEN LOW TO MODERATE INCOME COMMUNITIES THROUGH THE DEVELOPMENT OF AFFORDABLE AND SUSTAINABLE HOMEOWNERSHIP OPPORTUNITIES. FOR THIS FISCAL YEAR, NHS PROVIDED 10,068 MORTGAGE ASSISTANCE, 2,314 COUNSELING AND FINANCIAL LITERACY EDUCATION TO HOUSEHOLDS AND ASSISTED CLIENTS IN AVOIDING FORECLOSURE THROUGH HOME RETENTION/DISPOSITION OPTIONS. NHS ORIGINATED 11 AFFORDABLE LOANS FOR FAMILIES, PROVIDED REINVESTMENT IN LOCAL NEIGHBORHOODS AND HOSTED EDUCATIONAL WORKSHOPS AND PARTICIPATED IN NEIGHBORHOOD-BASED EVENTS. THROUGH DIRECT EVENTS CONTACT, MEDIA, DIRECT MAIL AND ADVERTISING, NHS ENGAGED MANY VOLUNTEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sal Mendoza Chairperson | OfficerTrustee | 1 | $0 |
Gloria Tang Secretary/treasurer | OfficerTrustee | 1 | $0 |
Rigoberto Reyes Board Member | Trustee | 1 | $0 |
Warren Harris Board Member Until 08/18/22 | Trustee | 1 | $0 |
Steve Herman Vice Chairperson | OfficerTrustee | 1 | $0 |
Zeeda Daniele Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
South Gate Development Inc Construction | 6/29/17 | $3,090,422 |
Curtom-dunsmir Construction | 6/29/17 | $516,108 |
Hr General Construction Construction | 6/29/17 | $255,106 |
Mitchell Silberberg And Knupp Llp Legal Service | 6/29/17 | $240,479 |
Verdugo Construction Construction | 6/29/17 | $179,420 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $495,424 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,679,918 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,175,342 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $62,893 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,238,235 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $229,813 |
| Compensation of current officers, directors, key employees. | $21,477 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $402,393 |
| Pension plan accruals and contributions | $5,166 |
| Other employee benefits | $47,896 |
| Payroll taxes | $47,195 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,527 |
| Fees for services: Accounting | $16,668 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $91,732 |
| Advertising and promotion | $0 |
| Office expenses | $140,876 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,807 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $178,096 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $109,965 |
| Insurance | $155,848 |
| All other expenses | $1,391 |
| Total functional expenses | $2,113,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $535,283 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $627,329 |
| Accounts receivable, net | $4,200 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,663 |
| Net Land, buildings, and equipment | $3,630,394 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,817,869 |
| Accounts payable and accrued expenses | $224,958 |
| Grants payable | $0 |
| Deferred revenue | $832 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,839,486 |
| Unsecured mortgages and notes payable | $1,319,130 |
| Other liabilities | $1,038,321 |
| Total liabilities | $5,422,727 |
| Net assets without donor restrictions | -$604,858 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,817,869 |