Nonprofit · EIN 04-3249517
NEIGHBORHOOD STABILIZATION CORPORATION
Tax-exempt · BOSTON, MA 02119
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,932,006 | $14,733,297 | -$8,801,291 | $33,225,175 | $84,078,693 | -$50,853,518 |
| December 31, 2023 | 990 (amended) | $5,986,385 | $8,921,367 | -$2,934,982 | $27,721,310 | $69,795,714 | -$42,074,404 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,664,870
- of which government grants
- $4,664,870
- Program service revenue
- $465,602
- Investment income
- $773,196
- Net rental income
- $28,338
- Net gain from sales of assets
- $52,806
- Other revenue
- $28,338
Expenses
- Grants and similar amounts paid
- $2,650
- Other salaries and wages
- $9,108,115
- Salaries, compensation and benefits (total)
- $10,700,173
- Professional fundraising fees
- $0
- Occupancy
- $1,690,271
- Travel
- $175,442
- Depreciation
- $183,223
- Program services (functional)
- $14,268,627
- Management and general (functional)
- $464,670
Balance sheet and other
- Total assets, start of year
- $27,721,310
- Total assets, end of year
- $33,225,175
- Total liabilities, end of year
- $84,078,693
- Net assets, end of year
- -$50,853,518
- Land, buildings and equipment
- $4,633,736
- Publicly traded securities
- $22,440,724
- Net assets without donor restrictions
- -$50,853,518
- Gross receipts
- $17,705,574
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1997
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRUCE MARKS | PRESIDENT Trustee or director, Officer | 5 | $0 | $239,809 | $25,524 |
| DIEGO LUQUE | OPERATIONS Highest-paid employee | 40 | $0 | $195,277 | $28,727 |
| LEA WATTERSON | TRAINING DIRECTOR Highest-paid employee | 7 | $0 | $164,712 | $29,135 |
| ERICK EXUM | UNDERWRITING OFFICER Highest-paid employee | 7 | $0 | $155,027 | $29,472 |
| NHUT NGUYEN | INFORMATION TECHNOLOGY IT Highest-paid employee | 7 | $0 | $152,538 | $29,397 |
| LATISHA GETER | HOUSING COUNSELING - PURCHASE Highest-paid employee | 40 | $0 | $129,624 | $24,821 |
| MARISSA LANDRAU-PIRAZZI | CLERK Officer | 5 | $0 | $112,954 | $0 |
| GLYNN LLOYD | TREASURER Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| CARMEN ANAO | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| DOUGLAS FIERBERG | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRUCE MARKS | PRESIDENT Trustee or director, Officer | 5 | $0 | $239,809 | $26,972 |
| LEA WATTERSON | TRAINING DIRECTOR Highest-paid employee | 7 | $0 | $180,960 | $22,227 |
| ERICK EXUM | UNDERWRITING OFFICER Highest-paid employee | 7 | $0 | $176,713 | $19,217 |
| NHUT NGUYEN | INFORMATION TECHNOLOGY IT Highest-paid employee | 7 | $0 | $166,598 | $23,785 |
| DIEGO LUQUE | OPERATIONS Highest-paid employee | 40 | $0 | $167,804 | $20,857 |
| MARISSA LANDRAU-PIRAZZI | CLERK Officer | 5 | $0 | $118,083 | $0 |
| GLYNN LLOYD | TREASURER Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| CARMEN ANAO | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| DOUGLAS FIERBERG | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 225 CENTRE ST STE 100, BOSTON, MA 02119-1298
- In care of
- % BRUCE MARKS
- Principal officer (990 for 2024)
- BRUCE MARKS, 225 CENTRE STREET 100, BOSTON, MA 02119
- Signed the 990
- BRUCE MARKS, PRESIDENT
- Phone
- (617) 250-6222
- Website
- WWW.NACA.COM
- Return prepared by
- CBIZ ADVISORS LLC
Mission
TO PROVIDE POST-OWNERSHIP AND PRE-PURCHASE ASSISTANCE AND EXTENSIVE COUNSELING FOR HOMEOWNERS AND HOMEBUYERS AND NEIGHBORHOOD STABILIZATION ACTIVITIES.
Program accomplishments
- 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.Expenses $14,268,627 · grants $2,650 · revenue $465,602
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-3249517
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S99Z)
- Assets (IRS master file)
- $33,225,175
- Income (IRS master file)
- $17,705,574
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,932,006 | $14,733,297 | $33,225,175 | XML |
| 990 | December 2023 | $5,986,385 | $8,921,367 | $27,721,310 | XML |
| 990 | December 2022 | $7,708,192 | $13,698,495 | $31,292,408 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-3249517).
Questions about NEIGHBORHOOD STABILIZATION CORPORATION
- What is the EIN of NEIGHBORHOOD STABILIZATION CORPORATION?
- The employer identification number (EIN) of NEIGHBORHOOD STABILIZATION CORPORATION is 04-3249517.
- Is NEIGHBORHOOD STABILIZATION CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to NEIGHBORHOOD STABILIZATION CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEIGHBORHOOD STABILIZATION CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEIGHBORHOOD STABILIZATION CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEIGHBORHOOD STABILIZATION CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NEIGHBORHOOD STABILIZATION CORPORATION?
- The 990 for the year ended December 31, 2024 names BRUCE MARKS.
- Who are the officers and directors of NEIGHBORHOOD STABILIZATION CORPORATION?
- The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does NEIGHBORHOOD STABILIZATION CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,932,006, expenses of $14,733,297 and total assets of $33,225,175 at year end.
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All nonprofits in BOSTON · Massachusetts · Community improvement and capacity building