2024-10-29T15:15:59-05:00 2023-12-31 341874260 CBIZ ADVISORS LLC 700 WEST 47TH STREET SUITE 1100 KANSAS CITY MO 64112 990 2023-01-01 731135031 NEIGHBORHOOD HOUSING SERVICES OKLAHOMA CITY INC NEIG 4052314663 4101 N CLASSEN BLVD A OKLAHOMA CITY OK 73118 KATRINA WASHINGTON EXECUTIVE DIRECTOR 4052314663 2024-10-28 1 1 LISA BURKE P00220718 8169455500 2024-10-28 2023 2024-10-15 13:58:12Z KATRINA WASHINGTON 4101 N CLASSEN BLVD A OKLAHOMA CITY OK 73118 1897243 0 X WWW.NHSOKLA.ORG X 1981 OK AFFORDABLE HOUSING THROUGH EDUCATION, COUNSELING, BUILDING AND SUPPORTIVE SERVICES. 8 8 15 24 0 0 1414555 997864 392921 391379 -271407 170399 500089 0 2036158 1559642 0 0 0 0 1051804 746710 0 0 0 1279914 1227121 2331718 1973831 -295560 -414189 25903471 25449431 20189402 20356509 5714069 5092922 TO INCREASE THE AVAILABILITY OF AFFORDABLE, SAFE HOUSING OPTIONS FOR LOW-TO-MODERATE INCOME FAMILIES, BY PROVIDING ASSISTANCE TO THOSE WHO WISH TO BECOME RENTERS OR HOMEOWNERS THROUGH A VARIETY OF WEALTH-BUILDING PROGRAMS. 0 0 1024590 561778 HOMEOWNERSHIP CENTER: 683 INDIVIDUALS AND FAMILIES COMPLETED HOMEBUYER EDUCATION WORKSHOPS IN 2023. 476 CLIENTS RECEIVED COUNSELING AND 98 NEW HOMEOWNERS WERE CREATED.HOUSING DEVELOPMENT: THROUGH ITS HOUSING DEVELOPMENT EFFORTS AND PARTNERSHIPS 304 ADDITIONAL RENTAL UNITS WERE CONSTRUCTED, ACQUIRED AND PRESERVED IN 2023.LOAN FUND: THE AGENCY PROVIDED DOWN PAYMENT ASSISTANCE OF OVER $675,000 THROUGH 3 SOURCES FOR 31 HOMEBUYERS DURING 2023 WITH 7 HOMEBUYERS USING OUR SELF-FUNDED DPA PROGRAM. 1024590 1 1 0 0 0 0 0 0 1 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 20 0 1 15 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 OK X KATRINA WASHINGTON EXECUTIVE DIRECTOR 4052314663 4101 N CLASSEN BLVD STE A OKLAHOMA CITY OK 73118 THANH LE TRAN PRESIDENT 5.00 X X 0 0 0 GABRIELA CHAVEZ SECRETARY 5.00 X X 0 0 0 LATONIA MOORE GALBERTH TREASURER 5.00 X 0 0 0 CRYSTAL CRAIG DIRECTOR 3.00 X 0 0 0 JAIME ORTIZ DIRECTOR 3.00 X 0 0 0 ASHLEY DICKSON OSO DIRECTOR 3.00 X 0 0 0 CAROLYN PEREZ DIRECTOR 3.00 X 0 0 0 STEVEN WADE DIRECTOR 5.00 X 0 0 0 KATRINA WASHINGTON EXECUTIVE DIRECTOR 40.00 X 135000 0 7565 135000 0 7565 1 0 0 0 0 987672 10192 997864 RENTAL INCOME 531310 341655 341655 EDUCATION FEES 611710 31300 31300 LOAN INTEREST/SERVICE 531310 18531 18531 HOUSING SERVICE 531310 12820 12820 ADMIN/OTHER OPERATING 531310 -12927 -12927 391379 508000 337601 170399 170399 170399 1559642 561778 0 0 142565 44943 97622 475407 149870 325537 14866 6355 8511 65247 28167 37080 48625 14342 34283 66798 66798 116733 47924 68809 98458 2531 95927 6623 900 5723 93431 44319 49112 331427 283502 47925 29413 8934 20479 3719 3719 103776 103750 26 227572 226061 1511 100667 46257 54410 HOLDING COSTS 10586 10586 UNCOLLECTIBLE RENT 1062 1062 36856 5087 31769 1973831 1024590 949241 0 764245 473458 219443 221707 667175 852593 28170 14388 7080866 2100624 5098833 4980242 206958 18918647 18907043 25903471 25449431 1679037 1667540 23602 74664 18486763 18614305 20189402 20356509 X 5176649 4435819 537420 657103 5714069 5092922 25903471 25449431 -414189 -206958 0 X X 0 1 X 1 1 1 X 71769 1011946 1333058 1414555 997864 4829192 71769 1011946 1333058 1414555 997864 4829192 4829192 3290 3753 894 8532 16469 4845661 5880915 0.99660 0.99580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 23602 51062 74664 1 X 50000 50000 6634018 2061962 4572056 40486 38662 1824 356362 356362 4980242 RELATED PARTY RECEIVABLES 18907043 18907043 X 1630429 70787 70787 1559642 0 1559642 1976434 2603 2603 1973831 0 1973831 PART IV, LINE 2B: ESCROW BALANCES HELD BY THE ORGANIZATION ARE RELATED TO HOME MORTGAGE LOANS RECEIVABLE. PART X, LINE 2: NHS HAS BEEN GRANTED EXEMPTION FROM INCOME TAXES BY THE INTERNAL REVENUE SERVICE UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. INCOME TAX PROVISIONS ARE BASED ON AMOUNTS ESTIMATED TO BE PAYABLE PURSUANT TO CONSOLIDATED FEDERAL INCOME AND APPLICABLE STATE INCOME AND FRANCHISE TAX RETURNS FILED BY EDMOND AND COMMONS SCATTERED. INCOME TAX PROVISIONS ARE BASED ON AMOUNTS ESTIMATED TO BE PAYABLE PURSUANT TO FEDERAL INCOME AND APPLICABLE STATE INCOME AND FRANCHISE TAX RETURNS FILED BY THE ORGANIZATION'S SUBSIDIARIES. THE ORGANIZATION'S PRESENT ACCOUNTING POLICY FOR THE EVALUATION OF UNCERTAIN TAX POSITIONS IS TO REVIEW THOSE POSITIONS ON AN ANNUAL BASIS. THIS INCLUDES AN ASSESSMENT OF PRIVATE BENEFITS TO RELATED PARTIES AND DISQUALIFIED PERSONS. MANAGEMENT BELIEVES THAT NO EXCESS PRIVATE BENEFIT HAS BEEN CONVEYED THROUGH DECEMBER 31, 2023. THIS DETERMINATION HAS BEEN MADE THROUGH AN ASSESSMENT OF ESTIMATED REVENUE STREAMS IN RELATION TO BELOW MARKET LOANS, INCLUDING DEVELOPER FEES, AND INITIALLY PROJECTED PRINCIPAL AND INTEREST PAYMENT STREAMS. A LIABILITY WOULD BE RECORDED IN THE CONSOLIDATED FINANCIAL STATEMENTS DURING THE PERIOD WHICH, BASED ON ALL AVAILABLE EVIDENCE, IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES AND THE LIABILITY WOULD BE INCURRED BY THE ORGANIZATION. NO ACCRUAL HAS BEEN RECORDED AT DECEMBER 31, 2023, AS MANAGEMENT DOES NOT BELIEVE ANY MATERIAL UNCERTAINTIES EXIST. PART XI, LINE 2D - OTHER ADJUSTMENTS: NHO ELIMINATION 68,184. INTERFUND TRANSFER 2,603. PART XII, LINE 2D - OTHER ADJUSTMENTS: INTERFUND TRANSFER 2,603. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE HAS AUTHORITY TO ACT ON BEHALF OF THE ENTIRE BOARD OF DIRECTORS BETWEEN BOARD MEETINGS. ANY SUCH ACTION IS TO BE REPORTED TO THE BOARD OF DIRECTORS AT THE NEXT MEETING. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR. A COPY OF THE FORM IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT EACH YEAR. ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST ON THE PART OF ANY DIRECTOR MUST BE DISCLOSED AND MADE A MATTER OF RECORD THROUGH AN ANNUAL PROCEDURE AND WHEN THE INTEREST BECOMES A MATTER OF BOARD ACTION. ANY DIRECTOR HAVING SUCH CONFLICT WILL NOT VOTE OR USE HIS/HER INFLUENCE ON THE MATTER IN QUESTION AND WILL NOT BE COUNTED IN DETERMINING A QUORUM FOR THE MEETING. THE MINUTES OF THE MEETING WILL REFLECT SUCH DISCLOSURE, ABSTENTION FROM VOTING, AND QUORUM SITUATION. ANY NEW DIRECTOR IS ADVISED OF THE POLICY UPON ENTERING DUTIES OF OFFICE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS DETERMINES COMPENSATION OF THE EXECUTIVE DIRECTOR BASED ON A SALARY SURVEY CONDUCTED BY AN INDEPENDENT THIRD-PARTY CONSULTANT EVERY THREE YEARS. THE LAST SALARY SURVEY WAS COMPLETED FEBRUARY 13, 2023. THE EXECUTIVE DIRECTOR IS RESPONSIBLE FOR SETTING COMPENSATION FOR ALL OTHER EMPLOYEES WITHIN THE BOARD APPROVED BUDGET. A PETITION TO INCREASE STAFF NOT WITHIN THE GUIDELINES OF THE APPROVED BUDGET REQUIRE THE EXECUTIVE DIRECTOR TO SUBMIT SALARY RANGES, JOB DESCRIPTIONS, MODIFIED BUDGET, AND JUSTIFICATION OF NEED TO THE BOARD OF DIRECTORS FOR APPROVAL PRIOR TO ANY ACTION TAKEN. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON WRITTEN REQUEST OF THE INTERESTED PARTY. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A FINANCE COMMITTEE THAT SUPPORTS THE EXECUTIVE DIRECTOR IN THE SELECTION OF AN INDEPENDENT ACCOUNTANT AND OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. 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