2022-07-06T11:03:12-05:00 2021-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2021-01-01 263703347 NATIONAL COMMUNITY STABILIZATION TRUST LLC NATI 2022233237 910 17TH STREET NW 810 WASHINGTON DC 20006 CARLOS ALCAZAR COO 2022233237 2022-06-22 1 CARLOS ALCAZAR XXX-XX-XXXX DAVID KELLEHER CPA P01059560 5083669100 2022-06-22 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z CARLOS ALCAZAR 910 17TH STREET NW 810 WASHINGTON DC 20006 2826968 0 X STABILIZATIONTRUST.COM X LLC 2008 DC THE NATIONAL COMMUNITY STABILIZATION TRUST (NCST) STRENGTHENS COMMUNITIES BY FACILITATING THE REDEVELOPMENT AND REUSE OF VACANT, SINGLE-FAMILY (1-4 UNIT) HOMES. THIS WORK HAS A DOUBLE BOTTOM LINE: IT PREVENTS NEIGHBORHOOD BLIGHT WHILE INCREASING THE SUPPLY OF HIGH-QUALITY PROPERTIES AVAILABLE FOR AFFORDABLE HOMEOWNERSHIP OR RESPONSIBLE RENTAL. 8 7 15 7 0 0 1070268 2171717 1971600 635325 40391 16086 15532 3840 3097791 2826968 0 0 0 0 2118673 2232450 0 0 298340 929404 923621 3048077 3156071 49714 -329103 4237649 3856254 672054 619762 3565595 3236492 X THE NATIONAL COMMUNITY STABILIZATION TRUST (NCST) STRENGTHENS COMMUNITIES BY FACILITATING THE REDEVELOPMENT AND REUSE OF VACANT, SINGLE-FAMILY (1-4 UNIT) HOMES. THIS WORK HAS A DOUBLE BOTTOM LINE: IT PREVENTS NEIGHBORHOOD BLIGHT WHILE INCREASING THE SUPPLY OF HIGH-QUALITY PROPERTIES AVAILABLE FOR AFFORDABLE HOMEOWNERSHIP OR RESPONSIBLE RENTAL. 0 0 2145230 639165 NCST WAS FOUNDED IN 2008 IN RESPONSE TO THE FORECLOSURE CRISIS THAT RESULTED IN ALMOST 10 MILLION FORECLOSURES. BY PROVIDING A BRIDGE BETWEEN LENDERS WITH REO INVENTORY AND COMMUNITY ORGANIZATIONS DESIRING TO REHAB THEM FOR PRODUCTIVE REUSE, REOMATCH ENABLED SIGNIFICANT NEIGHBORHOOD STABILIZATION ACTIVITY IN MARKETS ACROSS THE UNITED STATES AND HELPED BUILD CAPACITY IN THE COMMUNITY DEVELOPMENT COMMUNITY. IN ITS FIRST 11 YEARS OF OPERATION, NCST WORKED WITH MORE THAN 1,000 LOCAL PARTNERS TO PUT 27,000 SINGLE FAMILY HOMES BACK TO WORK AS AFFORDABLE HOMEOWNERSHIP OR RESPONSIBLE RENTAL. IN MORE RECENT YEARS, NCST ALSO HAS BUILT A HIGHLY EFFECTIVE RESEARCH AND POLICY DEVELOPMENT OPERATION BY RECRUITING SENIOR POLICY EXPERTS TO ITS TEAM. THIS TEAM KNOWS HOW TO TRANSLATE NCST'S EXPERIENCE IN REAL ESTATE - SUPPORTED BY A LARGE PROPRIETARY DATASET ON ACQUISITION AND REHAB - INTO MEANINGFUL AND REALISTIC POLICY OBJECTIVES. 2145230 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 6 0 1 15 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA IL MN X CARLOS ALCAZAR 2147103404 910 17TH STREET NW SUITE 810 WASHINGTON DC 20006 JULIA GORDON PRESIDENT 40.00 X X 283416 0 13364 LOT DIAZ CHAIR OF THE BOARD 0.20 X X 0 0 0 ANDREW JAKABOVICS MEMBER MANAGER 0.20 X 0 0 0 PAUL SINGH MEMBER MANAGER 0.20 X 0 0 0 ERIC CHATMAN MEMBER MANAGER 0.20 X 0 0 0 BOB COONEY MEMBER MANAGER 0.20 X 0 0 0 ALANNA MCCARGO MEMBER MANAGER (LEFT JANUARY 2021) 0.20 X 0 0 0 JOHN O'CALLAGHAN MEMBER MANAGER 0.20 X 0 0 0 JANNEKE RATCLIFFE MEMBER MANAGER 0.20 X 0 0 0 CARLOS ALCAZAR COO 40.00 X 165690 0 31070 KRIS SIGLIN VP POLICY AND PARTNERSHIPS 40.00 X 170726 0 41775 ERIN PERSONS VP OF PROGRAM OPERATIONS 40.00 X 165690 0 10199 GLORIA RAMON VP OF DEVELOPMENT 40.00 X 150687 0 6621 RACQUEL REDDIE MANAGING DIRECTOR, COMMUNITY DEV. 40.00 X 144500 0 30986 DAWN STOCKMO COMMUNITY DEVELOPMENT DIRECTOR 40.00 X 132625 0 19596 1213334 0 153611 8 0 1 0 MARCUM LLP 1899 L ST NW SUITE 850 WASHINGTON DC 20036 ACCOUNTING/HR SERVICES 138047 MOSAIC LINE LLC 3218 ODONNELL STREET BALTIMORE MD 21224 PROGRAM CONSULTANT 110000 2 721579 1450138 2171717 REAL ESTATE SERVICE FE 531390 317500 317500 LOAN ORIGINATION AND O 531390 307200 307200 MANAGEMENT FEES 531390 10625 10625 635325 16086 16086 OTHER INCOME 900099 3840 3840 3840 2826968 639165 0 16086 493540 168066 251279 74195 1404338 1081470 146965 175903 46676 33067 8677 4932 150576 118558 7964 24054 137320 91711 27241 18368 21081 21081 152832 152832 195531 167350 28160 21 17369 2093 15245 31 283353 282772 511 70 91187 85898 4651 638 3523 3318 180 25 2167 2167 46965 46965 BAD DEBT 58390 58390 INSPECTION FEES - SDP 36330 36330 MISCELLANEOUS 14893 14040 750 103 3156071 2145230 712501 298340 44485 545468 3738121 3087916 200000 215294 164818 39749 58052 4237649 3856254 130724 97632 30540 22130 150000 150000 360790 350000 672054 619762 X 3319050 3227970 246545 8522 3565595 3236492 4237649 3856254 -329103 0 X X 0 1 X 1 0 X 721152 617559 1734478 1070268 2171717 6315174 721152 617559 1734478 1070268 2171717 6315174 1043225 5271949 14695 19256 46616 40391 16086 137044 15532 15532 6467750 12689709 0.81510 X 0.30350 0.00660 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X PART X, LINE 2: NCST ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATED FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. AS OF DECEMBER 31, 2021, NCST HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. NCST FILES INFORMATIONAL RETURNS IN THE UNITED STATES FEDERAL JURISDICTION, AND ILLINOIS AND CALIFORNIA STATE JURISDICTIONS. THE INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE UNITED STATES FEDERAL, AND ILLINOIS AND CALIFORNIA STATE JURISDICTIONS. X X X 0 0 0 0 0 0 0 0 0 JULIA GORDON PRESIDENT 270916 0 12500 0 0 0 11280 0 2084 0 296780 0 0 0 KRIS SIGLIN VP POLICY AND PARTNERSHIPS 170726 0 0 0 0 0 6637 0 35138 0 212501 0 0 0 CARLOS ALCAZAR COO 165690 0 0 0 0 0 0 0 31070 0 196760 0 0 0 ERIN PERSONS VP OF PROGRAM OPERATIONS 165690 0 0 0 0 0 6580 0 3619 0 175889 0 0 0 RACQUEL REDDIE MANAGING DIRECTOR, COMMUNITY DEV. 144500 0 0 0 0 0 5305 0 25681 0 175486 0 0 0 GLORIA RAMON VP OF DEVELOPMENT 150687 0 0 0 0 0 0 0 6621 0 157308 0 0 0 DAWN STOCKMO COMMUNITY DEVELOPMENT DIRECTOR 132625 0 0 0 0 0 5305 0 14291 0 152221 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 NCST HAS MEMBERS AS DEFINED IN THE LLC AGREEMENT. FORM 990, PART VI, SECTION A, LINE 6 NCST WAS FORMED AS A LIMITED LIABILITY COMPANY, CURRENTLY WITH FIVE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A NCST IS AN LLC WITH FIVE MEMBERS, EACH MEMBER HAS REPRESENTATION ON THE BOARD OF MANAGERS. THERE ARE 6 TOTAL MEMBERS OF THE BOARD OF MANAGERS, EACH OF WHOM HAS VOTING RIGHTS TO ELECT OTHER MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B MANAGEMENT AND CONTROL OF THE BUSINESS OF NCST IS GENERALLY VESTED IN ITS GOVERNING BODY; CERTAIN DECISIONS ARE SUBJECT TO THE APPROVAL OF THE MEMBERS OF NCST. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT CONTRACTOR WITH ASSISTANCE FROM AND REVIEW BY NCST OFFICERS. PRIOR TO FILING, AAF PRESENTS THE DRAFT 990 TO THE NCST AUDIT/FINANCE COMMITTEE FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND BOARD MEMBERS ARE REQUIRED TO SIGN OFF ANNUALLY ON NCST'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT AND COO ARE OFFICERS WHICH ARE COMPENSATED. THEIR SALARIES WERE DETERMINED THROUGH BOARD DISCUSSION AND APPROVAL. NCST CONDUCTED A COMPENSATION STUDY IN 2013 TO ENSURE THAT THE CEO SALARY WAS IN-LINE WITH OTHER NON PROFITS IN THE INDUSTRY. THE STUDY AT THE TIME INDICATED THAT THE CEO SALARY WAS IN-LINE. MOST RECENTLY, LEGAL COUNSEL CONDUCTED A QUICK COMPENSATION EXERCISE WITH SIMILAR NON PROFITS USING THE PUBLIC 990 TO INDICATE THAT THE CEO SALARY FOR NCST REMAINS IN-LINE WITH OTHER NON PROFITS. THE CEO USES MARKET RATE EXAMPLES FOR SIMILAR POSITIONS TO DETERMINE THE SALARY OF THE COO. FORM 990, PART VI, SECTION C, LINE 19 NCST MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS HAS CHARGED THE AUDIT COMMITTEE WITH RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION PROCESS. NCST MORTGAGE RESOLUTIONS LLC 910 17TH STREET NW SUITE 500-A WASHINGTON DC 20006 383859645 SERVICE NCST AFFILIATES THAT ACQUIRE NON-PERFORMING MORTGAGE LOANS DC 693263 5836921 NATIONAL COMMUNITY STABILIZATION TRUST LLC STABALIZATION TRUST REO CAPITAL FUND LLC 910 17TH STREET NW SUITE 500-A WASHINGTON DC 20006 270905665 FINANCING OF ACQUISITIONS OF FORECLOSED PROPERTIES DC 0 0 NATIONAL COMMUNITY STABILIZATION TRUST LLC DEVELOPING AFFORDABLE STARTER HOMES FUND LLC 910 17TH STREET NW SUITE 500-A WASHINGTON DC 20006 863539566 ASSISTS IN LENDING TO INDIVIDUAL BORROWERS IN THE CITY OF BALTIMORE DC 362 450160 NATIONAL COMMUNITY STABILIZATION TRUST LLC