2025-01-13T17:39:25-06:00 2023-12-31 881478669 CBIZ ADVISORS LLC 53 STATE STREET BOSTON MA 02109 990 2023-01-01 043249517 NEIGHBORHOOD STABILIZATION CORPORATION NEIG 6172506222 225 CENTRE STREET 100 BOSTON MA 02119 BRUCE MARKS PRESIDENT 6172506222 2025-01-13 1 0 KRISTEN CUMMINGS P01510495 6178075000 2025-01-13 2023 2024-10-15 13:58:12Z X BRUCE MARKS 225 CENTRE STREET 100 BOSTON MA 02119 12285080 0 X WWW.NACA.COM X 1997 MA TO PROVIDE POST- OPWNERSHIP AND PRE-PURCHASE ASSISTANCE AND EXTENSIVE COUNSELING FOR HOMEOWNER AND HOMEBUYERS AND NEIGHBORHOOD STABILIZATION ACTIVITIES. 4 3 0 0 0 0 6672799 5142610 660622 149624 190373 549238 184398 144913 7708192 5986385 0 1000000 0 0 9846398 4526374 0 0 0 3852097 3394993 13698495 8921367 -5990303 -2934982 31292408 27721310 70853358 69795714 -39560950 -42074404 TO PROVIDE POST-OWNERSHIP AND PRE-PURCHASE ASSISTANCE AND EXTENSIVE COUNSELING FOR HOMEOWNERS AND HOMEBUYERS AND NEIGHBORHOOD STABILIZATION ACTIVITIES. 0 0 8724067 1000000 149624 NSC HELPS HOMEOWNERS AND HOMEBUYERS, WHO ARE PRIMARILY LOW TO MODERATE INCOME OR FROM LOW TO MODERATE INCOME COMMUNITIES, BY PROVIDING EXTENSIVE COUNSELING FOR HOMEBUYERS AND HOMEOWNERS WITH AN UNAFFORDABLE MORTGAGE. SERVICES INCLUDE COMPREHENSIVE COUNSELING, BUDGETING, AND OTHER PRE-PURCHASE AND POST-PURCHASE ASSISTANCE. NSC ALSO SERVES TO PROMOTE NEIGHBORHOOD STABILIZATION INITIATIVES AND ACTIVITIES RELATED TO FAIR LENDING AS WELL AS ADDRESSING OTHER ISSUES OF ECONOMIC JUSTICE AND FINANCIAL EXPLOITATION OF PRIMARILY LOW AND MODERATE INCOME INDIVIDUALS AND COMMUNITIES. 8724067 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 3 1 0 0 0 0 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 MA CA X X BRUCE MARKS 8573288954 225 CENTRE STREET SUITE 100 BOSTON MA 02119 BRUCE MARKS PRESIDENT 5.00 45.00 X X 0 239809 26972 GLYNN LLOYD TREASURER 0.25 0.75 X X 0 0 0 MARISSA LANDRAU-PIRAZZI CLERK 5.00 45.00 X 0 118083 0 CARMEN ANAO DIRECTOR 0.50 0.00 X 0 0 0 DOUGLAS FIERBERG DIRECTOR 0.25 0.75 X 0 0 0 LEA WATTERSON TRAINING DIRECTOR 7.00 43.00 X 0 180960 22227 ERICK EXUM UNDERWRITING OFFICER 7.00 43.00 X 0 176713 19217 DIEGO LUQUE OPERATIONS 40.00 10.00 X 0 167804 20857 NHUT NGUYEN INFORMATION TECHNOLOGY IT 7.00 43.00 X 0 166598 23785 0 1049967 113058 0 0 1 0 0 5142610 5142610 CREDIT REPORT FEES 624200 149624 149624 149624 521729 521729 140811 0 140811 140811 140811 6326204 6298695 27509 27509 27509 MISC INCOME 900099 4102 4102 4102 5986385 153726 0 690049 1000000 1000000 3832518 3832518 389038 389038 304818 304818 9875 9875 18474 18474 74466 74466 680930 613972 66958 1718756 1718756 127414 127414 202763 202763 MAINTENANCE & WARRANTIE 261305 261305 COMMUNICATION 256346 144478 111868 MEMBERSHIP REFUNDS 28671 28671 TAXES 14269 14269 1724 1724 8921367 8724067 197300 0 1319255 2286373 3196473 4339606 18778 4724762 444268 4398140 4280494 22259387 16708462 100375 106375 31292408 27721310 146290 241854 2778233 67928835 69553860 70853358 69795714 X -39560950 -42074404 0 0 -39560950 -42074404 31292408 27721310 X -2934982 421524 4 X 0 1 X 1 1 1 X 1946309 4891437 6718075 6672799 5142610 25371230 1946309 4891437 6718075 6672799 5142610 25371230 25371230 370155 237485 136064 373900 662540 1780144 27151374 0.93440 0.93720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 964582 964582 3457190 141278 3315912 302990 302990 0 4280494 DUE FROM AFFILIATES 69530701 SECURITY DEPOSITS 23159 69553860 49141254 421524 42780490 43202014 5939240 18474 28671 47145 5986385 32702213 24827991 24827991 7874222 18474 1028671 1047145 8921367 PART XI, LINE 2D - OTHER ADJUSTMENTS: CREDIT REPORT FEES NETTED WITH REVENUE 817,865. AMOUNTS INCLUDED IN FINANCIALS - OTHER AFFILIATE REVENUE 41,962,625. PART XI, LINE 4B - OTHER ADJUSTMENTS: MEMBERSHIP REFUNDS INCLUDED IN EXPENSES 28,671. PART XII, LINE 2D - OTHER ADJUSTMENTS: CREDIT REPORT FEES NETTED WITH REVENUE 817,865. EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER AFFILIATE EXPENSES 24,010,126. PART XII, LINE 4B - OTHER ADJUSTMENTS: MEMBERSHIP REFUNDS INCLUDED IN EXPENSES 28,671. GRANTS TO UNAC 1,000,000. 1 UNION NEIGHBORHOOD ASSISTANCE CORP 225 CENTRE STREET SUITE 100 BOSTON MA 02119 222956189 501(C)(3) 1000000 0 CREATE THE STRUCTURE AND SUPPORT TO DO HOUSING DEVELOPMENT OR FUND OTHER AFFORDABLE HOUSING DEVELOPMENT ACTIVITIES 1 PART I, LINE 2: THE BOARD AUTHORIZES THE CEO TO FACILITATE AFFORDABLE HOUSING DEVELOPMENT INCLUDING NEW CONSTRUCTION. THIS MAY HAVE NSC CREATE THE STRUCTURE AND SUPPORT TO DO HOUSING DEVELOPMENT OR FUND OTHER AFFORDABLE HOUSING DEVELOPMENT ACTIVITIES. TO ACCOMPLISH THIS INITIAL HOUSING DEVELOPMENT, THE BOARD AUTHORIZES A GRANT TO THE UNION NEIGHBORHOOD ASSISTANCE CORPORATION (UNAC) FOR ONE MILLION DOLLARS ($1,000,000) FOR STAFFING AND SUPPORT. IN ADDITION, THE CEO IS AUTHORIZED TO UTILIZE NSC'S RESOURCES AND TAKE SUCH ACTIONS AS HE DETERMINES TO CREATE AND FACILITATE THE ADDITIONAL DEVELOPMENT AND CONSTRUCTION OF HIGH-QUALITY AFFORDABLE HOUSING. 0 0 0 0 0 0 0 0 0 BRUCE MARKS PRESIDENT 0 239809 0 0 0 0 0 14389 0 12583 0 266781 0 0 LEA WATTERSON TRAINING DIRECTOR 0 180960 0 0 0 0 0 3750 0 18477 0 203187 0 0 ERICK EXUM UNDERWRITING OFFICER 0 176713 0 0 0 0 0 18491 0 726 0 195930 0 0 DIEGO LUQUE OPERATIONS 0 167804 0 0 0 0 0 18491 0 2366 0 188661 0 0 NHUT NGUYEN INFORMATION TECHNOLOGY IT 0 166598 0 0 0 0 0 18648 0 5137 0 190383 0 0 PART I, LINE 3 COMPENSATION FOR THE CEO FOR NACA (RELATED ORGANIZATION) IS ESTABLISHED THROUGH USE OF THE FORM 990S OF OTHER ORGANIZATIONS, A WRITTEN EMPLOYMENT CONTRACT, AND APPORVAL BY THE INDEPENDENT BOARD MEMBERS. AMENDED RETURN TAXPAYER IS AMENDING THIS FORM 990 TO CORRECTLY REPORT A GRANT TO UNION NEIGHBORHOOD ASSISTANCE CORP. (EIN 22-2956189) IN THE AMOUNT OF $1,000,000. THIS GRANT WAS INADVERTANTLY MISSED ON THE ORIGINALLY FILED RETURN. THE FORM 990 FOR UNION NEIGHBORHOOD ASSISTANCE CORP. IS ALSO BEING AMENDED TO REFLECT THIS CHANGE. AS A RESULT OF THIS CHANGE THE FOLLOWING ITEMS IN THIS RETURN HAVE BEEN UPDATED: > FORM 990 PART 1 LINES 13, 18 AND 19 > FORM 990 PART III LINE 4A > FORM 990 PART IV LINE 21 > FORM 990 PART IX LINE 1 > FORM 990 PART X LINES 25, 27 AND 32 > FORM 990 PART XI LINES 2, 3 AND 10 > SCHEDULE D PART X LINE 2 > SCHEDULE D PART XII LINES 4B AND 5 > SCHEDULE I ADDED > SCHEDULE R PART V LINE 1B FORM 990, PART VI, SECTION A, LINE 2 CEO/PRESIDENT OF THE BOARD IS MARRIED TO THE CLERK OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 7A NACA APPOINTS THE BOARD OF DIRECTORS FOR NSC. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PROVIDED TO AND REVIEWED BY THE BOARD OF DIRECTORS AND OFFICERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD REVIEWS ANY POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE CEO IS APPROVED BY MEMBERS OF THE BOARD THAT ARE INDEPENDENT OF THE CEO. COMPENSATION FOR OTHER STAFF AND KEY EMPLOYEES IS DETERMINED BY THE CEO, AND SUBSEQUENTLY REVIEWED BY THE BOARD OF DIRECTORS AS APPROPRIATE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: ROUNDING 4. NEIGHBORHOOD ASSISTANCE CORPORATION OF AMERICA 225 CENTRE ST SUITE 100 BOSTON MA 02119 043244616 HOUSING MA 501(C)(4) N/A 0 UNION NEIGHBORHOOD ASSISTANCE CORP 225 CENTRE ST SUITE 100 BOSTON MA 02119 222956189 HOUSING MA 501(C)(4) LINE 7 N/A 0 COMMUNITY ASSISTANCE PROGRAM OF AMERICA INC 225 CENTRE ST SUITE 100 BOSTON MA 02119 043244437 HOUSING MA NEIGHBORHOOD ASSISTANCE CORPORATION OF AMERICA C 0 0 1 0 1 1 0 0 0 0 1 0 0 0 1 1 1 0 1 0 NEIGHBORHOOD ASSIST CORP OF AMERICA E 64546812 FMV UNION NEIGHBORHOOD ASSISTANCE CORPORATION D 1016111 FMV NEIGHBORHOOD ASSIST CORP OF AMERICA J 85124 RENT RECIEVED NEIGHBORHOOD ASSIST CORP OF AMERICA N 1620656 REIMBURSED EXPENSES NEIGHBORHOOD ASSIST CORP OF AMERICA O 4526374 REIMBURSED EXPENSES NEIGHBORHOOD ASSIST CORP OF AMERICA P 1155679 EXPENSE ADVANCE NEIGHBORHOOD ASSIST CORP OF AMERICA R 5000 INTERCOMPANY REPAYMENT UNION NEIGHBORHOOD ASSISTANCE CORPORATION B 1000000 CASH