2025-08-28T10:48:24-05:00 2024-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2024-01-01 263703347 NATIONAL COMMUNITY STABILIZATION TRUST LLC NATI 2022233237 910 17TH STREET NW 1030 WASHINGTON DC 20006 CARLOS ALCAZAR COO 2022233237 2025-08-18 1 1 CAITLIN LIMOGES CPA P01633588 5083669100 2025-08-18 2024 2025-03-06 01:10:19Z CARLOS ALCAZAR 910 17TH STREET NW 1030 WASHINGTON DC 20006 3539177 0 X WWW.NCST.ORG X LLC 2008 DC NCST WORKS TO INCREASE HOMEOWNERSHIP BY EXPANDING THE SUPPLY OF AFFORDABLE, SINGLE-FAMILY HOMES TO STABILIZE NEIGHBORHOODS, BUILD COMMUNITY WEALTH, AND ADVANCE RACIAL EQUITY. 8 7 14 7 0 0 1768775 3132958 307811 331469 34037 35322 4674 39428 2115297 3539177 0 0 0 0 1652078 2028598 0 0 314561 1083690 836033 2735768 2864631 -620471 674546 2198445 3587844 852687 1567540 1345758 2020304 X NCST WORKS TO INCREASE HOMEOWNERSHIP BY EXPANDING THE SUPPLY OF AFFORDABLE, SINGLE-FAMILY HOMES TO STABILIZE NEIGHBORHOODS, BUILD COMMUNITY WEALTH, AND ADVANCE RACIAL EQUITY. 0 0 1949210 370897 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 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. 1949210 1 1 0 1 0 0 0 0 0 0 0 0 1 0 1 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 0 0 0 1 10 0 1 14 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 X CARLOS ALCAZAR 2147103404 910 17TH STREET NW 1030 WASHINGTON DC 20006 ERIC CHATMAN CHAIR OF THE BOARD 0.20 X X 0 0 0 CHRISTOPHER TYSON PRESIDENT 40.00 X X 286654 0 32171 ANDREW JAKABOVICS MEMBER MANAGER 0.20 X 0 0 0 LOT DIAZ MEMBER MANAGER 0.20 X 0 0 0 PAUL SINGH MEMBER MANAGER 0.20 X 0 0 0 BOB COONEY MEMBER MANAGER 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 224103 0 51247 ELISABETH COATS HOMEOWNERSHIP ALLIANCE DIRECTOR 40.00 X 133406 0 12625 CHRISTOPHER GARLAND COMMUNITY DEVELOPMENT MANAGER 40.00 X 128847 0 16093 RACQUEL REDDIE VP, COMMUNITY DEVELOPMENT 40.00 X 162862 0 40701 935872 0 152837 5 0 1 0 MARCUM LLP 1899 L ST NW SUITE 850 WASHINGTON DC 20036 ACCOUNTING SERVICES 123477 BERLIN ROSEN 15 MAIDEN LN 1600 NEW YORK NY 10038 MARKETING & PR 111875 2 3132958 3132958 REAL ESTATE SERVICE FE 531390 228000 228000 LOAN INTEREST REVENUE 531390 76669 76669 LOAN ORIGINATION AND O 531390 26800 26800 331469 35322 35322 OTHER INCOME 900099 39428 39428 39428 3539177 370897 0 35322 594175 201440 217381 175354 1158576 966749 93368 98459 44221 37941 3888 2392 119292 97184 3641 18467 112334 76055 18741 17538 9790 9790 153681 153681 189087 175453 12737 897 26177 1068 25086 23 114994 114146 746 102 37028 34434 2281 313 180543 172500 7072 971 27107 27107 52120 52120 MISCELLANEOUS 44196 43823 328 45 INSPECTION FEES - SDP 1310 1310 2864631 1949210 600860 314561 397475 1195004 1005812 1677592 374025 149140 64525 51437 55235 366438 410665 3258 35683 2198445 3587844 158767 183918 3000 9800 437000 750000 250000 600000 3920 23822 852687 1567540 X 921508 446054 424250 1574250 1345758 2020304 2198445 3587844 674546 0 X X 0 1 X 1 0 X 1070268 2171717 962136 1768775 3132958 9105854 1070268 2171717 962136 1768775 3132958 9105854 4703604 4402250 40391 16086 20250 34037 35322 146086 15532 15532 9267472 3773859 0.47500 0.67900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2864631 2864631 293232 73308 0 0 286618 286788 293232 866638 1299957 71655 71697 73308 216660 324990 0 NOTES RECEIVABLE 410665 C 410665 OPERATING LEASE LIABILITY 23822 23822 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, 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. X X X 0 0 0 0 0 0 0 0 0 CHRISTOPHER TYSON PRESIDENT 286654 0 0 0 0 0 14201 0 17970 0 318825 0 0 0 CARLOS ALCAZAR COO 224103 0 0 0 0 0 6930 0 44317 0 275350 0 0 0 RACQUEL REDDIE VP, COMMUNITY DEVELOPMENT 162862 0 0 0 0 0 8217 0 32484 0 203563 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 1030 WASHINGTON DC 20006 383859645 SERVICE NCST AFFILIATES THAT ACQUIRE NON-PERFORMING MORTGAGE LOANS DC 0 100 NATIONAL COMMUNITY STABILIZATION TRUST LLC STABILIZATION TRUST REO CAPITAL FUND LLC 910 17TH STREET NW SUITE 1030 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 1030 WASHINGTON DC 20006 863539566 ASSISTS IN LENDING TO INDIVIDUAL BORROWERS IN THE CITY OF BALTIMORE DC 120503 1101134 NATIONAL COMMUNITY STABILIZATION TRUST LLC