2025-01-20T13:06:20-08:00 2024-09-30 741867466 GARZA GONZALEZ AND ASSOCIATES 207 ARDEN GROVE SAN ANTONIO TX 78215 990 2023-10-01 742611475 Laredo Webb Neighborhood Housing Services Inc LARE 9567129100 216 Bob Bullock Loop Laredo TX 78046 Elizabeth Alonzo-Villarreal Chief Executive Officer 9567129100 2024-12-04 true true Eleazar Mendoza CPA P02526574 2102271389 2025-01-20 2023 2024-10-15 13:58:12Z NeighborWorks Laredo Elizabeth Alonzo-Villarreal 216 Bob Bullock Laredo TX 78046 1416266 false X http://www.nwlaredo.org/ X 1991 TX LWNHS actively promotes homeownership, foreclosure prevention, provides affordable housing financial capabilities program with focus on credit coaching,combat community deterioration and to secure decent, safe and sanitary housing community facilities 11 11 6 12 0 0 727047 1395685 59301 7518 -101796 13063 148181 0 832733 1416266 0 0 386444 459689 0 54952 614351 1135037 1000795 1594726 -168062 -178460 6041157 944670 1906709 262062 4134448 682608 X The Laredo-Webb Neighborhood Housing Services, Inc. (LWNHS) dba NeighborWorks Laredo (NWL) was incorporated in 1991 as a non-profit Organization in the State of Texas to combat community deterioration and to secure decent, safe and sanitary housing community facilities and other related facilities, services and conditions, economic, social or otherwise, conducive to the progress and general welfare of the community, by facilitating rehabilitation and improvement of declining areas of the City of Laredo. In 2023, NWL started offering weatherization and repairs to rural communities that include Webb and Zapata counties. LWNHS actively promotes homeownership, foreclosure prevention, provides affordable housing financial capabilities program with focus on credit coaching. NWL is also an emerging CDFI. false false 206719 0 4604 Counseling: As the only HUD approved housing counseling agency in the county of Webb, NeighborWorks Laredo provides counseling services through its Homeownership Center. The counseling services provided include homebuyer education & counseling, foreclosure mitigation counseling, credit credit counseling, rental counseling and post-purchase counseling. 67556 0 2914 Loan Services: NeighborWorks Laredo previously provided secured loans for down payment assistance, closing cost assistance, and home improvements to qualifying clients. Recently, the organization has not provided any type of secured loans, however the organization continues servicing the outstanding loans in its loan portfolio. Community Loan Center of Laredo (CLC of Laredo): In 2020, NeighborWorks Laredo commenced its lending operations of uncollateralized consumer loan program to combat predatory lending. The Community Loan Center Affordable Small-Dollar Loan Program (CLC) is a better alternative to expensive payday and auto title loans. Created by community lenders, the CLC program is designed to be a scalable and sustainable social enterprise. The CLC program allows the CLC of Laredo to make online loans directly to employees of participating employers. An eligible employee may apply for a CLC loan online, the loan proceeds are deposited in the borrowers bank account, and the borrower then repays their loan each payday through payroll deduction (collected by employer). As of September 30, 2024 there are six employers participating in this program. 49677 0 0 Real Estate Management: In 2018 NeighborWorks Laredo placed a pause on developing rental real estate because it was not 100% property tax exempt. However, on August 3, 2023 the Webb County Appraisal District approved the 100% property exemption. Currently, all the real estate investments are helping produce additional rental units. in 2017 for Adalberto Beto Nava Complex, Phase II increasing rental portfolio to 67 rental units. On November 2016 NeighborWorks Laredo acquired a 2.59-acre tract of land from the City of Laredo for the development of a 40-unit Veteran, Senior, and Multi-Family Housing Construction Project. Rental construction plans did not materialize, however, NeighborWorks Laredo is now developing a 24 affordable home project known as Three Points Village. 916917 0 0 NeighborWorks Laredo received grants to assist homeowners to ensure safety, environmental, economic, equity, and mobility to homeowners in Webb and Zapata Counties. 916917 0 0 1240869 true true false false false false false false false false true false false false true true false true false false false false false false false false false false false false false false false false false false false false false false false false false true false false false true 48 0 false 6 true false false false false false false false false false false X 11 11 false false false false false false false true false false false true true true true true true false false false X Elizabeth Alonzo-Villarreal 9567129100 216 Bob Bullock Loop Laredo TX 78046 Mary G Serna de Clemente Board President 0.00 X X 0 0 0 Osvaldo Guzman Board Vice President 0.00 X X 0 0 0 Manuel D Osorio Board Treasurer 0.00 X X 0 0 0 Yolanda M Sciaraffa Board Secretary 0.00 X X 0 0 0 Jacqueline Lopez Board Member 0.00 X 0 0 0 Lezley Rincon Board Member 0.00 X 0 0 0 Flor E Gonzalez Board Member 0.00 X 0 0 0 Jorge F Gonzalez Board Member 0.00 X 0 0 0 Ignacio Urrabazo Jr Board Member 0.00 X 0 0 0 Gabriel Lopez Board Member 0.00 X 0 0 0 Jesus Olivares Board Member 0.00 X 0 0 0 Elizabeth Alonzo-Villarreal Chief Executive Officer 40.00 X 112174 19802 0 112174 19802 0 1 false false false Campos Construction LLC 5223 Sean Lane Zapata TX 78076 Work for Hud Colonias Program 405780 Midas Contractors LLC 203 Valladolid Laredo TX 78046 Work for Hud Colonias Program 144990 2 1276101 119584 1395685 Other Income 522292 2914 0 0 Bad Debt Recovery 522292 0 0 0 Home Buyer Education Fees 522310 4604 0 0 7518 13063 0 13063 1416266 7518 0 13063 359425 202979 139973 16473 72912 42312 25727 4873 27352 15873 9651 1828 25212 14926 7768 2518 69138 32050 31685 5403 21837 1528 20177 132 20614 15312 5302 0 13476 5422 7863 191 Training 12369 4124 8128 117 Program Related 76962 10914 42631 23417 HUD 866600 866600 0 0 Bad Debt Expense 2336 2336 0 0 26493 26493 0 0 1594726 1240869 298905 54952 865412 375260 6292 224965 129975 117111 71024 59084 222455 54205 4968454 168250 6041157 944670 49794 211745 1819405 37510 50317 1906709 262062 X 4134448 682608 4134448 682608 6041157 944670 X -178460 -3273380 X false true X true false X 0 0 553736 589597 604706 727047 1395685 3870771 670179 698057 747285 791876 7518 2914915 0 0 1223915 1287654 1351991 1518923 1403203 6785686 0 0 0 6785686 9392 8977 10082 10306 13063 51820 9392 8977 10082 10306 13063 51820 6837506 0.99240 0.99250 0.00760 0.00750 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 96888 28109 68779 125567 26096 99471 168250 Tenant Deposits 0 NHS Laredo Holding Corporation Intercompany Payable 50317 50317 X 1469964 53698 53698 1416266 1416266 1594726 1594726 1594726 Pt X, Line 2 NeighborWorks Laredo and NHS Laredo Holding Corporation have been granted exemption by the Internal Revenue Service (IRS) from Federal income taxes under Section 501(c)(3) and Section 501(c)(2) of the Internal Revenue Code. Both organizations are required to report unrelated business income under applicable state laws and to the IRS. NeighborWorks Laredo and NHS Laredo Holding Corporation did not have any unrelated business income for the years ended September 30, 2024 and 2023, respectively. Both Organizations tax returns are subject to examination by the relevant tax authorities until expiration of the applicable statutes of limitations which are generally three years after the filing of the tax return (years 2023 to 2021). Accounting Standards Codification (ASC) topic 740, Income Taxes, prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken as expected to be taken in a tax return. There are no such uncertainty positions for the Organization for the years ended September 30, 2024 and 2023. Pt XI, Line 2d At the end of each fiscal year, the NHS Laredo Holding Corporation board of directors approves revenues generated be transferred to the 501(c)3 organization which is Laredo-Webb Neighborhood Housing Services, Inc. The amount to transfer is determined after accounting for projected expenditures and debt that are covered through the generation of rental fees. $53,698 is amount of funds transferred. The audit report recognizes this as an revenues but the Form 990 recognizes this as a change in net assets. Pt VI, Line 8b The organization holds board meetings bimonthly(every other month)or as needed. Pt VI, Line 12c Each board member has to sign a statement which affirms that they received a copy of the conflicts of interest policy and has agreed to comply with the policy. Pt VI, Line 11b IRS Form 990 is reviewed by Laredo Webb Neighborhood Housing Services, Inc. personnel prior to distribution to the Board of Directors all questions and concerns by staff or Board Members are addressed prior to submission to the IRS. Pt XI Line 9 Transfer of net assets(physical property) $3,327,077 to holding corporation, NHS Laredo Holding Corporation. Pt XI Line 9 At the end of each fiscal year, the NHS Laredo Holding Corporation board of directors approves revenues generated be transferred to the 501(c)3 organization which is Laredo-Webb Neighborhood Housing Services, Inc. The amount to transfer is determined after accounting for projected expenditures and debt that are covered through the generation of rental fees. $53,698 is amount of funds transferred. The audit report recognizes this as an revenues but the Form 990 recognizes this as a change in net assets. Pt VI, Line 19 Laredo Webb Neighborhood Housing Services Inc makes its governing documents,conflict of interest policy, and financial/tax statements available to the public upon request. Form 990, Part III, Line 4d NeighborWorks Laredo received grants to assist homeowners to ensure safety, environmental, economic, 916917. 0. 0. NHS Laredo Holding Corporation 216 Bob Bullock Loop Laredo TX 78046 882684462 Holding Corp. for non-profit 501(c)3 TX 501 (c) 2 NA false false false false true false false false false false false false false false true true false false true true NHS Laredo Holding Corporation r 5199146 FMV NHS Laredo Holding Corporation s 53698 Cash NHS Laredo Holding Corporation d 50317 Cash