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NATIONAL COMMUNITY STABILIZATION TRUST LLC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
NATIONAL COMMUNITY STABILIZATION TRUST LLC (EIN 26-3703347)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-08-28
IRS object ID
202512409349301016
Schema version
2024v5.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-08-28T10:48:24-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN042571780PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1AAFCPAS INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line150 WASHINGTON STREETAddressLine1Txt
CityWESTBOROUGHCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01581ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN263703347EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1NATIONAL COMMUNITY STABILIZATION TRUSTBusinessNameLine1Txt
Business Name Line2LLCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlNATIBusinessNameControlTxt
Phone2022233237PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1910 17TH STREET NW 1030AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20006ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCARLOS ALCAZARPersonNm
Person TitleCOOPersonTitleTxt
Phone2022233237PhoneNum
Signature2025-08-18SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCAITLIN LIMOGES CPAPreparerPersonNm
PTINP01633588PTIN
Phone5083669100PhoneNum
Preparation2025-08-18PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerCARLOS ALCAZARPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1910 17TH STREET NW 1030AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20006ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$3,539,177GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.NCST.ORGWebsiteAddressTxt
Type Of Organization OtherYes (X)TypeOfOrganizationOtherInd
Other Organization DscLLCOtherOrganizationDsc
Formation2008FormationYr
Legal Domicile StateDCLegalDomicileStateCd
Activity Or MissionNCST WORKS TO INCREASE HOMEOWNERSHIP BY EXPANDING THE SUPPLY OF AFFORDABLE, SINGLE-FAMILY HOMES TO STABILIZE NEIGHBORHOODS, BUILD COMMUNITY WEALTH, AND ADVANCE RACIAL EQUITY.ActivityOrMissionDesc
Voting Members Governing Body8VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee14TotalEmployeeCnt
Total Volunteers7TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,768,775PYContributionsGrantsAmt
CY Contributions Grants$3,132,958CYContributionsGrantsAmt
PY Program Service Revenue$307,811PYProgramServiceRevenueAmt
CY Program Service Revenue$331,469CYProgramServiceRevenueAmt
PY Investment Income$34,037PYInvestmentIncomeAmt
CY Investment Income$35,322CYInvestmentIncomeAmt
PY Other Revenue$4,674PYOtherRevenueAmt
CY Other Revenue$39,428CYOtherRevenueAmt
PY Total Revenue$2,115,297PYTotalRevenueAmt
CY Total Revenue$3,539,177CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,652,078PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,028,598CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$314,561CYTotalFundraisingExpenseAmt
PY Other Expenses$1,083,690PYOtherExpensesAmt
CY Other Expenses$836,033CYOtherExpensesAmt
PY Total Expenses$2,735,768PYTotalExpensesAmt
CY Total Expenses$2,864,631CYTotalExpensesAmt
PY Revenues Less Expenses-$620,471PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$674,546CYRevenuesLessExpensesAmt
Total Assets BOY$2,198,445TotalAssetsBOYAmt
Total Assets EOY$3,587,844TotalAssetsEOYAmt
Total Liabilities BOY$852,687TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,567,540TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,345,758NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,020,304NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionNCST WORKS TO INCREASE HOMEOWNERSHIP BY EXPANDING THE SUPPLY OF AFFORDABLE, SINGLE-FAMILY HOMES TO STABILIZE NEIGHBORHOODS, BUILD COMMUNITY WEALTH, AND ADVANCE RACIAL EQUITY.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,949,210ExpenseAmt
Revenue$370,897RevenueAmt
DescNCST 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 15 YEARS OF OPERATION, NCST WORKED WITH MORE THAN 1,000 LOCAL PARTNERS TO PUT 28,000 SINGLE FAMILY HOMES BACK TO WORK AS AFFORDABLE HOMEOWNERSHIP OR RESPONSIBLE RENTAL. IN MORE RECENT YEARS, NCST ALSO HAS BUILT A HIGHLY EFFECTIVE POLICY OPERATION BY RECRUITING SENIOR POLICY EXPERTS TO ITS TEAM. THIS POLICY TEAM SUPPORTS THE HOMEOWNERSHIP ALLIANCE, A PRACTITIONER LED COHORT TO NATIONAL NONPROFIT DEVELOPERS SEEKING TO PROVIDE MORE RESOURCES AND BETTER POLICIES TO INCREASE HOMEOWNERSHIP.Desc
Total Program Service Expenses$1,949,210TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying ActivitiesYes (1)LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related InvstYes (1)ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document10IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee14EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members8GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CARLOS ALCAZARBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2147103404PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1910 17TH STREET NW 1030AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20006ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
ERIC CHATMAN
CHAIR OF THE BOARD0.20Yes (X)Yes (X)$0$0$0
CHRISTOPHER TYSON
PRESIDENT40.00Yes (X)Yes (X)$286,654$0$32,171
ANDREW JAKABOVICS
MEMBER MANAGER0.20Yes (X)$0$0$0
LOT DIAZ
MEMBER MANAGER0.20Yes (X)$0$0$0
PAUL SINGH
MEMBER MANAGER0.20Yes (X)$0$0$0
BOB COONEY
MEMBER MANAGER0.20Yes (X)$0$0$0
JOHN O'CALLAGHAN
MEMBER MANAGER0.20Yes (X)$0$0$0
JANNEKE RATCLIFFE
MEMBER MANAGER0.20Yes (X)$0$0$0
CARLOS ALCAZAR
COO40.00Yes (X)$224,103$0$51,247
ELISABETH COATS
HOMEOWNERSHIP ALLIANCE DIRECTOR40.00$133,406$0$12,625Yes (X)
CHRISTOPHER GARLAND
COMMUNITY DEVELOPMENT MANAGER40.00$128,847$0$16,093Yes (X)
RACQUEL REDDIE
VP, COMMUNITY DEVELOPMENT40.00$162,862$0$40,701Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$935,872TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$152,837TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K5IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
MARCUM LLP
1899 L ST NW SUITE 850WASHINGTONDC20036ACCOUNTING SERVICES$123,477
BERLIN ROSEN
15 MAIDEN LN 1600NEW YORKNY10038MARKETING & PR$111,875
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt
All Other Contributions$3,132,958AllOtherContributionsAmt
Total Contributions$3,132,958TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
REAL ESTATE SERVICE FE531390$228,000$228,000
LOAN INTEREST REVENUE531390$76,669$76,669
LOAN ORIGINATION AND O531390$26,800$26,800
FieldValueIRS element (for citing)
Total Program Service Revenue$331,469TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$35,322TotalRevenueColumnAmt
Exclusion$35,322ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER INCOMEDesc
Business900099BusinessCd
Total Revenue Column$39,428TotalRevenueColumnAmt
Related Or Exempt Func Income$39,428RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$39,428OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,539,177TotalRevenueColumnAmt
Related Or Exempt Func Income$370,897RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$35,322ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$594,175TotalAmt
Program Services$201,440ProgramServicesAmt
Management And General$217,381ManagementAndGeneralAmt
Fundraising$175,354FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,158,576TotalAmt
Program Services$966,749ProgramServicesAmt
Management And General$93,368ManagementAndGeneralAmt
Fundraising$98,459FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$44,221TotalAmt
Program Services$37,941ProgramServicesAmt
Management And General$3,888ManagementAndGeneralAmt
Fundraising$2,392FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$119,292TotalAmt
Program Services$97,184ProgramServicesAmt
Management And General$3,641ManagementAndGeneralAmt
Fundraising$18,467FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$112,334TotalAmt
Program Services$76,055ProgramServicesAmt
Management And General$18,741ManagementAndGeneralAmt
Fundraising$17,538FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$9,790TotalAmt
Management And General$9,790ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$153,681TotalAmt
Management And General$153,681ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$189,087TotalAmt
Program Services$175,453ProgramServicesAmt
Management And General$12,737ManagementAndGeneralAmt
Fundraising$897FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$26,177TotalAmt
Program Services$1,068ProgramServicesAmt
Management And General$25,086ManagementAndGeneralAmt
Fundraising$23FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$114,994TotalAmt
Program Services$114,146ProgramServicesAmt
Management And General$746ManagementAndGeneralAmt
Fundraising$102FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$37,028TotalAmt
Program Services$34,434ProgramServicesAmt
Management And General$2,281ManagementAndGeneralAmt
Fundraising$313FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$180,543TotalAmt
Program Services$172,500ProgramServicesAmt
Management And General$7,072ManagementAndGeneralAmt
Fundraising$971FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$27,107TotalAmt
Program Services$27,107ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$52,120TotalAmt
Management And General$52,120ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
MISCELLANEOUS$44,196$43,823$328$45
INSPECTION FEES - SDP$1,310$1,310

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,864,631TotalAmt
Program Services$1,949,210ProgramServicesAmt
Management And General$600,860ManagementAndGeneralAmt
Fundraising$314,561FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$397,475BOYAmt
EOY$1,195,004EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,005,812BOYAmt
EOY$1,677,592EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$374,025BOYAmt
EOY$149,140EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
EOY$64,525EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$51,437BOYAmt
EOY$55,235EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$366,438BOYAmt
EOY$410,665EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$3,258BOYAmt
EOY$35,683EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$2,198,445BOYAmt
EOY$3,587,844EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$158,767BOYAmt
EOY$183,918EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$3,000BOYAmt
EOY$9,800EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$437,000BOYAmt
EOY$750,000EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$250,000BOYAmt
EOY$600,000EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$3,920BOYAmt
EOY$23,822EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$852,687BOYAmt
EOY$1,567,540EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$921,508BOYAmt
EOY$446,054EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$424,250BOYAmt
EOY$1,574,250EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,345,758BOYAmt
EOY$2,020,304EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,198,445BOYAmt
EOY$3,587,844EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$674,546ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,070,268CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,171,717CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$962,136CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,768,775CurrentTaxYearMinus1YearAmt
Current Tax Year$3,132,958CurrentTaxYearAmt
Total$9,105,854TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,070,268CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,171,717CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$962,136CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,768,775CurrentTaxYearMinus1YearAmt
Current Tax Year$3,132,958CurrentTaxYearAmt
Total$9,105,854TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$4,703,604SubstantialContributorsTotAmt
Public Support Total170$4,402,250PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$40,391CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$16,086CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$20,250CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$34,037CurrentTaxYearMinus1YearAmt
Current Tax Year$35,322CurrentTaxYearAmt
Total$146,086TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$15,532CurrentTaxYearMinus4YearsAmt
Total$15,532TotalAmt
FieldValueIRS element (for citing)
Total Support$9,267,472TotalSupportAmt
Gross Receipts Rltd Activities$3,773,859GrossReceiptsRltdActivitiesAmt
Public Support CY1700.47500PublicSupportCY170Pct
Public Support PY1700.67900PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

Other Exempt Purpose Expend OtherExemptPurposeExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$2,864,631FilingOrganizationsTotalAmt

Total Exempt Purpose Expend TotalExemptPurposeExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$2,864,631FilingOrganizationsTotalAmt

Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp

FieldValueIRS element (for citing)
Filing Organizations Total$293,232FilingOrganizationsTotalAmt

Grassroots Nontaxable GrassrootsNontaxableGrp

FieldValueIRS element (for citing)
Filing Organizations Total$73,308FilingOrganizationsTotalAmt

Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp

FieldValueIRS element (for citing)
Filing Organizations Total$0FilingOrganizationsTotalAmt

Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp

FieldValueIRS element (for citing)
Filing Organizations Total$0FilingOrganizationsTotalAmt

Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp

FieldValueIRS element (for citing)
Current Year Minus2$286,618CurrentYearMinus2Amt
Current Year Minus1$286,788CurrentYearMinus1Amt
Current Year$293,232CurrentYearAmt
Total$866,638TotalAmt
FieldValueIRS element (for citing)
Lobbying Ceiling$1,299,957LobbyingCeilingAmt

Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp

FieldValueIRS element (for citing)
Current Year Minus2$71,655CurrentYearMinus2Amt
Current Year Minus1$71,697CurrentYearMinus1Amt
Current Year$73,308CurrentYearAmt
Total$216,660TotalAmt
FieldValueIRS element (for citing)
Grassroots Ceiling$324,990GrassrootsCeilingAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp

FieldValueIRS element (for citing)
DescNOTES RECEIVABLEDesc
Book Value$410,665BookValueAmt
Method ValuationCMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Program Rltd$410,665TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescOPERATING LEASE LIABILITYDesc
Amt$23,822Amt
FieldValueIRS element (for citing)
Total Liability$23,822TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationNCST 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, 2024, 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.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
CHRISTOPHER TYSON
PRESIDENT$286,654$0$0$0$0$0$14,201$0$17,970$0$318,825$0$0$0
CARLOS ALCAZAR
COO$224,103$0$0$0$0$0$6,930$0$44,317$0$275,350$0$0$0
RACQUEL REDDIE
VP, COMMUNITY DEVELOPMENT$162,862$0$0$0$0$0$8,217$0$32,484$0$203,563$0$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6NCST HAS MEMBERS AS DEFINED IN THE LLC AGREEMENT.
FORM 990, PART VI, SECTION A, LINE 6NCST WAS FORMED AS A LIMITED LIABILITY COMPANY, CURRENTLY WITH FIVE MEMBERS.
FORM 990, PART VI, SECTION A, LINE 7ANCST 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 7BMANAGEMENT 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 11BTHE 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 12COFFICERS AND BOARD MEMBERS ARE REQUIRED TO SIGN OFF ANNUALLY ON NCST'S CONFLICT OF INTEREST POLICY.
FORM 990, PART VI, SECTION B, LINE 15THE 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 19NCST 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.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
NCST MORTGAGE RESOLUTIONS LLC
910 17TH STREET NW SUITE 1030WASHINGTONDC20006383859645SERVICE NCST AFFILIATES THAT ACQUIRE NON-PERFORMING MORTGAGE LOANSDC$0$100NATIONAL COMMUNITY STABILIZATION TRUST LLC
STABILIZATION TRUST REO CAPITAL FUND LLC
910 17TH STREET NW SUITE 1030WASHINGTONDC20006270905665FINANCING OF ACQUISITIONS OF FORECLOSED PROPERTIESDC$0$0NATIONAL COMMUNITY STABILIZATION TRUST LLC
DEVELOPING AFFORDABLE STARTER HOMES FUND LLC
910 17TH STREET NW SUITE 1030WASHINGTONDC20006863539566ASSISTS IN LENDING TO INDIVIDUAL BORROWERS IN THE CITY OF BALTIMOREDC$120,503$1,101,134NATIONAL COMMUNITY STABILIZATION TRUST LLC