Nhs Neighborhood Redevelopment Corporation
- Assets
- $26.0m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 6
- Location
- Los Angeles, CA
- Founding
- 12/1997
- Data as of
- 06/2021
- EIN
- 95-4646848
Organization Overview
Nhs Neighborhood Redevelopment Corporation is located in Los Angeles, CA. The organization was established in 1997. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Nhs Neighborhood Redevelopment Corporation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nhs Neighborhood Redevelopment Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD STRONGER NEIGHBORHOODS, IMPROVE THE QUALITY O LIFE FOR LOW TO MODERATE INCOME FAMILIES AND TO REVITALIZE COMMUNITIES INTO NEIGHBORHOODS OF CHOICE
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Gay President & CEO | OfficerTrustee | 4 | $23,227 |
Jp Veen VP & COO | Officer | 2 | $7,390 |
Rhonda Mcmillan VP & Chief Cao | Officer | 2 | $6,647 |
Sal Mendoza Chairman | Trustee | 0 | $0 |
Steve Herman Vice Chair | Trustee | 0 | $0 |
Gloria Tang Secretary/treas | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Curtom-dunsmuir Construction | 6/29/16 | $2,052,270 |
South Gate Development Inc Construction | 6/29/16 | $1,012,168 |
Omni Design Studio Inc Construction | 6/29/16 | $324,760 |
Herbert Gomez Construction Construction | 6/29/16 | $175,927 |
Verdugo Construction Construction | 6/29/16 | $153,282 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $750,000 |
| Government grants | $71,671 |
| All other contributions, gifts, grants, and similar amounts not included above | $169,451 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $991,122 |
| Total Program Service Revenue | $202,290 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $60,393 |
| 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 | $1,253,805 |
| 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. | $37,264 |
| Compensation of current officers, directors, key employees. | $3,354 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $758,871 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $52,736 |
| 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 | $96,418 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,083,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,666,593 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $160,337 |
| Accounts receivable, net | $0 |
| 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 | $31,384 |
| Net Land, buildings, and equipment | $4,600,439 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $20,443 |
| Other assets | $18,513,154 |
| Total assets | $25,992,350 |
| Accounts payable and accrued expenses | $172,690 |
| Grants payable | $0 |
| Deferred revenue | $7,547,479 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $142,868 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,242,579 |
| Unsecured mortgages and notes payable | $1,632,556 |
| Other liabilities | $1,291,789 |
| Total liabilities | $13,029,961 |
| Net assets without donor restrictions | $11,992,800 |
| Net assets with donor restrictions | $969,589 |
| 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 | $25,992,350 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Francisco Travel Association San Francisco, CA | $17,687,275 | $15,738,684 |
Citadel Economic Development Corporation San Bernardino, CA | $7,215,242 | $16,438,545 |
Greater Phoenix Convention & Visitors Bureau Phoenix, AZ | $19,191,750 | $16,242,591 |
Long Beach Area Convention And Visitors Bureau Inc Long Beach, CA | $4,784,571 | $9,189,036 |
San Luis Obispo Visitors & Conference Bureau Incorporated San Luis Obispo, CA | $7,302,521 | $9,818,447 |
Smcu Community Fund Redwood City, CA | $1,513,371 | $6,964,137 |
Maui Economic Development Board Inc Medb Kihei, HI | $10,649,362 | $7,742,311 |
Greater Phoenix Economic Council Phoenix, AZ | $6,926,984 | $7,545,492 |
Santa Monica Travel & Tourism Santa Monica, CA | $2,868,308 | $7,126,411 |
Providence Foundation Of San Francisco San Francisco, CA | $2,572,916 | $7,012,697 |
La Cocina Inc San Francisco, CA | $10,601,250 | $8,307,558 |
Cplc Nevada Inc Phoenix, AZ | $8,204,824 | $6,300,794 |