Nhs Neighborhood Redevelopment Corp

Nonprofit profile at a glance

EIN
954646848
IRS 990 coverage
2013–2024
Forms available
Form 990 2024
Location
Los Angeles, CA, USA
Phone
2133812862
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Economic Development

Official website

Reported finances

Revenue
$5,487,006
Expenses
$3,092,023
Assets
$15,430,211
Liabilities
$5,355,279

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • LORI GAY (PRESIDENT & CEO)

Highest reported compensation

  • LORI GAY (PRESIDENT & CEO): $363,136 total reported compensation
  • RHONDA MCMILLAN (VP & CCAO): $191,334 total reported compensation
  • KIMBERLEY WOODS (AVP & SENIOR PROGRAM DIREC): $164,183 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Nhs neighborhood redevelopment corporation (nrc) serves as a catalyst for local residents, business and government representatives to work together to build stronger neighborhoods, improve the quality of life for families of modest means and to revitalize communities into neighborhoods of choice. Nrc strengthens communities through the development and maintenance of quality affordable housing, creation and preservation of affordable homeownership opportunities and housing, support of local leaders, providing financial education and housing counseling, and increasing the financial independence of families and people in need.

What it reported doing in 2024

Nhs neighborhood redevelopment corporation (nrc) continued its work to strengthen and revitalize communities throughout the los angeles region with affordable, mission-driven real estate services, affordable housing development and commercial property management services. During the fiscal year, nrc responded to the la wildfires by supporting local realtors, working to acquire local properties and to represent modest income local sellers in the challenging real estate market. Nrc managed its own properties and assisted more than 7,000 clients through financial literacy workshops, estate planning, and homebuyer education workshops. Nrc also partnered with local nonprofits to serve and refer clients, support neighborhood events and financial workshops, and to strengthen local businesses. Nrc worked to protect more than $2.2 billion in home/business property values.

Operating model

Revenue model
Affiliate-supported. 83% of the money available for current operations came from contributions from related organizations.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 65
  • Accountability: 90
  • Sustainability: 78
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 52%; rating input score 52
  • Program expense ratio: 92.2%; rating input score 92
  • Fundraising efficiency: $113.5 raised per $1 spent on fundraising; rating input score 88; 88th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 83.3%; rating input score 83; 16th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 43.6%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 4.99; rating input score 83; 83rd percentile among comparable filings
  • Liabilities to assets ratio: 0.35; rating input score 30; 30th percentile among comparable filings
  • Officer compensation ratio: 3.5%; rating input score 65; 65th percentile among comparable filings

Growth

  • Program expense growth: -11.6% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: -27% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -3.6% per year; rating input score 0; 5th percentile among comparable filings

Details

  • Where the money goes: 52% of revenue deployed · 92.2% of spending went to programs
  • Governance: 5 of 6 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $2.9M in reported program spending
  • Leadership: top reported pay $363K · 11 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 27 of 27 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 10 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 52/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 30/100.