Neighborhood Housing Services Of Los Angeles County
- Assets
- $6.1m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 22
- Location
- Los Angeles, CA
- Founding
- 04/1987
- Data as of
- 06/2021
- 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 06/2021, Neighborhood Housing Services Of Los Angeles County employed 22 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 06/2021, Neighborhood Housing Services Of Los Angeles County generated $3.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.5%) each year. All expenses for the organization totaled $1.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (21.6%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
NHS COUNTINUES ITS COMMITMENTTO STRENGTHEN LOW TO MODERATE INCOME COMMUNITIES THROUGH THE DEVELOPMENT OF AFFORDABLE AND SUSTAINABLE HOMEOWNERSHIP OPPORTUNITIES, IN THIS FISCAL YEAR, NHS PROVIDED MORTGAGE ASSISTANCE, COUNSELING AND FINANCIAL LITERACY EDUCATION. NHS PROVIDED MORTGAGE ASSISTANCE, CONSELING AND FINANCIAL LITERACY EDUCATION TO HOUSEHOLDS AND ASSISTED CLIENTS IN AVOIDING FORECLOSURE THROUGH HOME RETENTION/DISPOSITION OPTIONS. NHS ORIGINATED AFFORDABLE LOANS FOR FAMILIES. NHS PROVIDED REINVESTMENT IN LOCAL NEIGHBORHOODS AND HOSETED EDUCATIONAL WORKSHOPS AND PARTICIPATED IN NEIGHBORHOOD-BASED EVENTS. THROUGH DIRECT EVENTS CONTACT, MEDIA, DIRECT MAIL AND ADVERTISING, NHS ENGAGED MANY VOLUNTEERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO BUILD STRONGER NEIGHBORHOODS, IMPROVE THE QUALITY OF LIFE FOR LOW TO MODERATE INCOME FAMILIES AND TO REVITALIZE COMMUNITIES INTO NEIGBORHOODS OF CHOICE.
TO BUILD STRONGER NEIGHBORHOODS, IMPROVE THE QUALITY OF LIFE FOR LOW TO MODERATE INCOME FAMILIES AND TO REVITALIZE COMMUNITIES INTO NEIGBORHOODS OF CHOICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Gay President & CEO | OfficerTrustee | 32 | $232,272 |
Jp Veen VP & COO | Officer | 36 | $147,792 |
Rhonda Mcmillan VP & Chief Cao | Officer | 36 | $132,936 |
Sal Mendoza Chairperson | Trustee | 0 | $0 |
Gloria Tang Secretary/treas | Trustee | 0 | $0 |
Rigoberto Reyes Board Member | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Curtom-dunsmir Construction | 6/29/17 | $516,108 |
South Gate Development Inc Construction | 6/29/17 | $3,090,422 |
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 | $1,593,170 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,522,551 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,115,721 |
| Total Program Service Revenue | $47,694 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $3,163,415 |
| 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. | $513,000 |
| Compensation of current officers, directors, key employees. | $46,170 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $271,183 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,245 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $139,040 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $96,029 |
| Insurance | $0 |
| All other expenses | $20,207 |
| Total functional expenses | $1,645,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $960,331 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,210,271 |
| Accounts receivable, net | $38,723 |
| 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 | $30,562 |
| Net Land, buildings, and equipment | $3,862,281 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $20,443 |
| Other assets | $0 |
| Total assets | $6,122,611 |
| Accounts payable and accrued expenses | $329,238 |
| Grants payable | $0 |
| Deferred revenue | $320,353 |
| 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 | $3,562,487 |
| Unsecured mortgages and notes payable | $665,889 |
| Other liabilities | $2,329,870 |
| Total liabilities | $7,207,837 |
| Net assets without donor restrictions | -$1,085,226 |
| 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 | $6,122,611 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Neighborhood Housing Services Of Los Angeles County has recieved totaling $1,320,164.
| Awarding Organization | Amount |
|---|---|
Citi Foundation New York, NY PURPOSE: SMALL BUSINESS TECHNICAL ASSISTANCE INITIATIVE | $500,000 |
Consumer Credit Counseling Service Of San Francisco Concord, CA PURPOSE: HOUSING COUNSELING & EDUCATION | $282,750 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $208,372 |
Kaiser Foundation Hospitals Oakland, CA PURPOSE: Homeless Prevention Through Flexible Funding For H | $132,500 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF FINANCIAL HEALTH | $50,000 |
Luther Burbank Corporation Foundation Santa Rosa, CA PURPOSE: Housing programs | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles Apartments Housing Corporation Hayward, CA | $0 | $319,066 |
Satellite Affordable Housing Associates Berkeley, CA | $83,294,736 | $13,591,508 |
Rhf Foundation Long Beach, CA | $215,917,223 | $14,903,975 |
Sheltercare Eugene, OR | $4,357,138 | $9,135,740 |
Midpen Resident Services Corporation Foster City, CA | $3,702,334 | $11,407,168 |
Bridge Property Management Company San Francisco, CA | $1,233,636 | $9,360,308 |
Burbank Housing Corporation Burbank, CA | $47,643,861 | $6,370,585 |
Habitat For Humanity San Fernando/Santa Clarita Valleys Woodland Hills, CA | $1 | $4,168,206 |
Do Good Multnomah Portland, OR | $6,858,210 | $9,987,432 |
Satellite Aha Development Inc Berkeley, CA | $17,466,494 | $5,909,155 |
Housing Trust Silicon Valley San Jose, CA | $250,989,111 | $21,448,557 |
Western Community Housing Inc Costa Mesa, CA | $106,078,970 | $11,023,596 |