Overview
What is Neighborhood Lending Services Inc?
Neighborhood Lending Services Inc., established in 1987, is a nonprofit organization based in Chicago, Illinois. Their primary mission is to provide affordable financing for home purchases, improvements, or refinances in the city of Chicago and South Suburban Cook County. The organization, licensed as an Illinois Residential Mortgage Lender, works to revitalize underserved neighborhoods by offering fixed-rate mortgage loans to low- and moderate-income borrowers in Chicago, Kane County, and South Suburban Cook County. Through partnerships with the City of Chicago, Neighborhood Lending Services Inc. also provides forgivable and deferred loans to complement their mortgage products. The organization's main purpose is to support low- and moderate-income individuals by improving their residencies and preventing housing deterioration in targeted neighborhoods.
Official website here: www.nhschicago.org
Is Neighborhood Lending Services Inc legitimate?
Neighborhood Lending Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Lending Services Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,559,752
For more financial information, click here
Official website here: www.nhschicago.org
What is the mission statement of Neighborhood Lending Services Inc?
Neighborhood Lending Services Inc, established with the purpose of operating without profit, aims to support low- and moderate-income individuals primarily residing in targeted neighborhoods. Their mission is twofold. Firstly, they provide affordable fixed-rate mortgage loans to help these borrowers improve their residencies. Secondly, they strive to prevent the deterioration of existing housing stock in these neighborhoods. Lastly, they aim to enhance housing opportunities for individuals of low- and moderate-income, contributing to the overall improvement of these communities.
Official website here: www.nhschicago.org
Who is the CEO of Neighborhood Lending Services Inc?
Dwayne Shipp is the President of Neighborhood Lending Services Inc. The CEO's salary of Neighborhood Lending Services Inc is $0 and their total compensation is $247,746.
Official website here: www.nhschicago.org
What is the revenue of Neighborhood Lending Services Inc?
Neighborhood Lending Services Inc's revenue in 2023 was $2,840,462.
Official website here: www.nhschicago.org
Who are the executives of Neighborhood Lending Services Inc and what are their salaries?
- Anthony Simpkins (Chief Executive Officer)
- Donna Clarke (Chief Operating Officer)
- Dwayne Shipp (Director Of Finance)
- Robin Coffey (Chief Credit Officer)
- Robert Tucker (President) [Trustee/Director]
- Thomas Fitzgibbon Jr (Secretary) [Trustee/Director]
- Manuel Jimenez (Vice President) [Trustee/Director]
- Faruk Daudbasic (Director)
- Bruce Martin (Director)
- Arthur Neville (Director)
- Karen Thomas (Director)
Official website here: www.nhschicago.org
Where can I find the form 990 for Neighborhood Lending Services Inc?
The Neighborhood Lending Services Inc’s most recent form 990 was submitted in 2023 and can be accessed here
Official website here: www.nhschicago.org
Learn more at the official website: www.nhschicago.org
Mission Statement of Neighborhood Lending Services Inc
Neighborhood Lending Services Inc, a non-profit organization, was established with a primary mission to revitalize underserved communities in Chicago, Kane County, and South Suburban Cook County. The organization's purpose is multifaceted. Firstly, it aims to receive, administer, and disburse funds for charitable, educational, and scientific purposes without personal gain. Secondly, Neighborhood Lending Services Inc focuses on providing affordable fixed-rate mortgage loans to low- and moderate-income borrowers, aiming to improve their residencies. By doing so, the organization seeks to prevent the deterioration of existing housing stock in these target neighborhoods. Lastly, the non-profit strives to create improved housing opportunities for individuals of low- and moderate-income, contributing to the overall betterment of these communities.
Impact
This information is meant to be a general summary of Neighborhood Lending Services Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Neighborhood Lending Services Inc's impact is significant in revitalizing underserved Chicago neighborhoods by originating affordable fixed-rate mortgage loans for low- and moderate-income borrowers throughout Chicago, Kane County, and South Suburban Cook County. Through its activities, NLS aims to help borrowers buy, fix, and keep their homes by providing funding for home purchase, home improvements, and refinancing. By offering forgivable and deferred loans in conjunction with other loan products, NLS contributes to improving housing opportunities for individuals in low- to moderate-income neighborhoods in Chicago and South Suburban Cook County.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACTUAL SERVICES
Revenue
$1,760,094
SERVICING FEES
Revenue
$585,767
Organization Details
Founding Year
1987
Phone
(773) 329-4144
Principal Officer
Dwayne Shipp
Main Address
1279 N MILWAUKEE AVENUE, CHICAGO, IL, 60622
Website
www.nhschicago.org
NTEE Category
Code: L820 - Housing
If you are a representative of Neighborhood Lending Services Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.