2021-05-06T09:25:30-05:00 2020-12-31 221478099 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2020-01-01 841542593 NEIGHBORWORKS CAPITAL CORPORATION NEIG 2408211651 8484 GEORGIA AVENUE SUITE 330 SILVER SPRING MD 20910 JAMES FERRIS CHIEF EXECUTIVE OFFICER 2408211651 2021-04-27 1 JAMES FERRIS 999009999 GLENN M SHELTON P00228007 3016529100 2021-04-27 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JAMES FERRIS 8484 GEORGIA AVENUE SUITE 330 SILVER SPRING MD 20910 8324975 0 X WWW.NEIGHBORWORKSCAPITAL.ORG X 2000 CO NEIGHBORWORKS CAPITAL DELIVERS THE FLEXIBLE CAPITAL NEEDED BY NEIGHBORWORKS AMERICA AFFILIATES TO PROVIDE AFFORDABLE HOMES AND STRENGTHEN COMMUNITIES. 11 11 16 0 0 0 2475000 2500000 5188423 5783453 46877 41522 125 0 7710425 8324975 30000 0 0 0 1624837 2114065 0 0 183906 3230007 6035786 4884844 8149851 2825581 175124 101967537 106269065 56265937 60388124 45701600 45880941 NEIGHBORWORKS CAPITAL DELIVERS THE FLEXIBLE CAPITAL NEEDED BY NEIGHBORWORKS AMERICA AFFILIATES TO PROVIDE AFFORDABLE HOMES AND STRENGTHEN COMMUNITIES. 0 0 7513979 5783453 PROVIDING FINANCING FOR THE ACQUISITION, DEVELOPMENT, AND REHABILITATION OF AFFORDABLE HOMES FOR SALE, RENTAL AND COMMERCIAL PROJECTS. 7513979 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 36 0 1 16 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JIM FERRIS 2408211651 8484 GEORGIA AVE SUITE 330 SILVER SPRING MD 20910 MICHAEL CARROLL DIRECTOR 1.00 X 0 0 0 GRACE CHIONUMA DIRECTOR 1.00 X 0 0 0 CHARLOTTE CROW DIRECTOR 1.00 X 0 0 0 PETER DALY DIRECTOR 1.00 X 0 0 0 FRED DODSON DIRECTOR 1.00 X 0 0 0 CAROLINE HORTON DIRECTOR 1.00 X 0 0 0 JEANNE PINADO PRESIDENT 1.00 X X 0 0 0 JEFF REED TREASURER 1.00 X X 0 0 0 ROSA RIOS VALDEZ VP & SECRETARY 1.00 X X 0 0 0 TAYANI SUMA DIRECTOR 1.00 X 0 0 0 MEGAN TEARE DIRECTOR 1.00 X 0 0 0 JAMES FERRIS CEO 38.00 X 273986 0 32373 DANA MOORE CFO 22.50 X 117971 0 5247 STEPHEN PEELOR CHIEF LOAN OFFICER 38.00 X 195732 0 37048 ELIZABETH O'LEARY CHIEF PORTFOLIO OFFICER 38.00 X 189863 0 11250 TAMAR SARKISIAN SENIOR LOAN OFFICER 38.00 X 140142 0 14880 ADAM COILE SENIOR PORTFOLIO MANAGER 38.00 X 125808 0 29248 EMILY DORFMAN SENIOR LOAN OFFICER 38.00 X 122522 0 14296 BRENT BOZMAN CONTROLLER 38.00 X 120719 0 7237 1286743 0 151579 8 0 1 0 KLEIN HORNIG LLP 1325 G STREET NW SUITE 770 WASHINGTON DC 20005 LEGAL SERVICES 161212 1 2500000 2500000 LOAN INTEREST 531390 5528495 5528495 LOAN FEES 531390 251336 251336 LOAN SERVICE FEE 531390 3622 3622 5783453 41522 41522 8324975 5783453 0 41522 429577 335193 67287 27097 1363234 1063713 213532 85989 77434 60421 12129 4884 125655 98047 19682 7926 118165 92203 18509 7453 122355 120829 254 1272 51935 20774 20774 10387 74175 70466 3709 152166 86516 51530 14120 66476 59828 6648 81689 70868 8579 2242 128647 102918 19297 6432 22833 19408 1142 2283 5933 5043 890 1642234 1642234 26101 19575 5221 1305 20516 17438 2052 1026 IMPAIRMENT OF INVESTMEN 3427805 3427805 0 0 SERVICE FEE EXPENSE 96444 96444 0 0 REPAIRS AND MAINTENANCE 93707 84336 8434 937 DUES 11293 10164 1129 0 11477 9756 1525 196 8149851 7513979 451966 183906 3026103 2294256 3861395 4265383 123133 52638 35235 59487 210641 121345 88940 89296 519182 523398 93990155 98624683 323394 359924 101967537 106269065 546188 482226 26164 55719749 59879734 56265937 60388124 X 17649142 18765258 28052458 27115683 45701600 45880941 101967537 106269065 175124 4217 0 X 0 1 X 1 1 1 X 3000000 3326905 2315000 2475000 2500000 13616905 3000000 3326905 2315000 2475000 2500000 13616905 13616905 9053 6520 13258 49849 41522 120202 501 125 626 13737733 22517427 0.99120 0.99370 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2018 AMOUNT: $ 501. 2019 AMOUNT: $ 125. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10144 4364 5780 88745 53605 35140 111752 63376 48376 89296 LOANS RECEIVABLE 98624683 F 98624683 X 8329192 4217 4217 8324975 0 8324975 8149851 0 8149851 0 8149851 PART X, LINE 2: THE ORGANIZATION HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. DUE TO ITS TAX-EXEMPT STATUS, THE ORGANIZATION IS NOT SUBJECT TO INCOME TAXES. THE ORGANIZATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES, AND THE ORGANIZATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. TAX RETURNS FILED BY THE ORGANIZATION ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO TAX RETURNS OF THE ORGANIZATION ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX RETURNS FILED SINCE 2017 REMAIN OPEN FOR EXAMINATION. X X 0 0 0 0 0 0 0 1 0 JAMES FERRIS CEO 246214 0 24300 0 3472 0 16458 0 15915 0 306359 0 0 0 STEPHEN PEELOR CHIEF LOAN OFFICER 174885 0 20000 0 847 0 10801 0 26247 0 232780 0 0 0 ELIZABETH O'LEARY CHIEF PORTFOLIO OFFICER 175000 0 12500 0 2363 0 11250 0 0 0 201113 0 0 0 ADAM COILE SENIOR PORTFOLIO MANAGER 114129 0 11500 0 179 0 7798 0 21450 0 155056 0 0 0 TAMAR SARKISIAN SENIOR LOAN OFFICER 124949 0 15000 0 193 0 8460 0 6420 0 155022 0 0 0 PART I, LINE 7 PERSONS LISTED RECEIVED ANNUAL PERFORMANCE REVIEW BONUSES BASED ON INDIVIDUAL GOAL ACHIEVEMENT. FORM 990, PART VI, SECTION B, LINE 11B UPON RECEIPT OF THE DRAFT 990, THE FINANCE COMMITTEE, CONSISTING OF AT LEAST ONE FINANCE PROFESSIONAL, REVIEWS THE 990 FOR ACCURACY. THE FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF THE GOVERNING BODY PRIOR TO ITS SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ENFORCES A DUTY TO DISCLOSE THAT IN ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS, WHEREUPON A DETERMINATION IS MADE REGARDING WHETHER A CONFLICT OF INTEREST EXISTS BY THE BOARD OR COMMITTEE ONCE THIS DISCLOSURE IS MADE. A WRITTEN AND SIGNED ANNUAL STATEMENT IS REQUIRED OF EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS. PERIODIC REVIEWS ARE CONDUCTED OF THESE ANNUAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY THE CHAIR OF THE NEIGHBORWORKS CAPITAL BOARD OF DIRECTORS GAINS FEEDBACK FROM THE DIRECTORS ON CEO PERFORMANCE AND CONDUCTS AN ANNUAL WRITTEN REVIEW OF THE CEO. IN ADDITION, IT DETERMINES ANY BONUS EARNED AND APPROVES CEO COMPENSATION FOR THE UPCOMING FISCAL YEAR. COMPENSATION INFORMATION USED BY THE BOARD INCLUDES A COMPENSATION SURVEY DONE BY NEIGHBORWORKS CAPITAL'S NATIONAL TRADE ASSOCIATION, OPPORTUNITY FINANCE NETWORK (OFN), AS WELL AS AN EXECUTIVE COMPENSATION REVIEW BY QUATT ASSOCIATES. THIS INCLUDES THE SALARIES OF THE SENIOR MANAGEMENT TEAM IN ADDITION TO THE CEO. THE CEO USES THE QUATT INFORMATION AS A GUIDE FOR THE SENIOR MANAGEMENT COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC ON NEIGHBORWORKS CAPITAL'S WEBSITE.