NEIGHBORWORKS CAPITAL CORPORATION

Address
8484 GEORGIA AVE SUITE 330
SILVER SPRING, MD 20910
Contact
Website: http://www.neighborworkscapital.org
Phone: +1 (240) 821-1651
Nonprofit
NTEE: L50 - Housing Owners, Renters Organizations
EIN: 84-1542593

Mission

NEIGHBORWORKS CAPITAL DELIVERS THE FLEXIBLE CAPITAL NEEDED BY NEIGHBORWORKS AMERICA AFFILIATES TO PROVIDE AFFORDABLE HOMES AND STRENGTHEN COMMUNITIES.
 20172016201520142013
Basic features of the organization
Year of formation2000
Subsection code03
PF filing required0    
Metropolitan statistical area8872
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$285,063.00  $333,708.00$178,866.00
Sum of reportable (W2/1099) compensation$559,159.00$610,279.00 $597,901.00$557,409.00
Number of employees1215 77
Number of people compensated >$100k33 44
Number of volunteers0    
Number of highly compensated contractors00 00
Personnel
Avots, Ingrid
Title   Senior Loan OfficerSenior Loan Officer
Name of key/compensated person   Ingrid AvotsIngrid Avots
Position of compensated person
Highest compensated employees (>$100k)   TrueTrue
Average hours per week working for org   38.038.0
Reportable compensation from org   $120,510.00$112,148.00
Other comp, non-reportable, from org and related orgs   $20,806.00$6,840.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Balkcom, Jennifer
Title chief lending officer   
Name of key/compensated person Jennifer Balkcom   
Position of compensated person
Average hours per week working for org 38.0   
Reportable compensation from org $182,630.00   
Other comp, non-reportable, from org and related orgs $13,465.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Carroll, Michael
TitleDIRECTORDIRECTOR DIRECTOR 
Name of key/compensated personMICHAEL CARROLLMICHAEL CARROLL MICHAEL CARROLL 
Position of compensated person
Average hours per week working for org1.001.0 1.0 
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Daly, Peter
TitleDIRECTORDirector DirectorDirector
Name of key/compensated personPETER DALYPETER DALY PETER DALYPETER DALY
Position of compensated person
Average hours per week working for org1.001.0 1.01.0
Reportable compensation from org$0.00$0.00  $0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00  $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Faust, Kristen
Title Treasurer   
Name of key/compensated person KRISTEN FAUST   
Position of compensated person
Average hours per week working for org 1.0   
Reportable compensation from org $0.00   
Other comp, non-reportable, from org and related orgs $0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Faust, Kristin
TitleTREASURER / PRESIDENT  TreasurerTreasurer
Name of key/compensated personKRISTIN FAUST  KRISTIN FAUSTKRISTIN FAUST
Position of compensated person
Average hours per week working for org1.00  1.01.0
Reportable compensation from org$0.00  $0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00  $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  $0.00 
Ferris, James
Title CHIEF EXECUTIVE OFFICER CHIEF EXECUTIVE OFFICER 
Name of key/compensated person James Ferris JAMES Ferris 
Position of compensated person
Average hours per week working for org 38.0 38.0 
Reportable compensation from org $208,614.00 $182,444.00 
Other comp, non-reportable, from org and related orgs $34,993.00 $20,699.00 
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00 $0.00 
Ferris, Jim
TitleCEO   EXECUTIVE DIRECTOR
Name of key/compensated personJIM FERRIS   Jim P Ferris
Position of compensated person
Average hours per week working for org38.00   38.0
Reportable compensation from org$212,732.00   $168,665.00
Other comp, non-reportable, from org and related orgs$34,340.00   $10,201.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Goodemann, Rick
TitleSECRETARYVICE PRESIDENT VICE PRESIDENTVICE PRESIDENT
Name of key/compensated personRICK GOODEMANNRICK GOODEMANN RICK GOODEMANNRICK GOODEMANN
Position of compensated person
Average hours per week working for org1.001.0 1.01.0
Reportable compensation from org$0.00$0.00 $0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00 $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Hammock, Robert
TitleSENIOR PORTFOLIO MANAGERsenior portfolio manager   
Name of key/compensated personROBERT HAMMOCKrobert hammock   
Position of compensated person
Highest compensated employees (>$100k)TrueTrue   
Average hours per week working for org38.0038.0   
Reportable compensation from org$150,419.00$120,094.00   
Other comp, non-reportable, from org and related orgs$30,068.00$27,966.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Hartman, Craig
Title   DIRECTOR OF FINANCE AND ADMINDIRECTOR OF FINANCE AND ADMIN
Name of key/compensated person   Craig HartmanCraig Hartman
Position of compensated person
Highest compensated employees (>$100k)    True
Average hours per week working for org   38.038.0
Reportable compensation from org   $143,683.00$140,123.00
Other comp, non-reportable, from org and related orgs   $8,585.00$8,373.00
Corresponding comp from related orgs
Horton, Caroline
TitleDIRECTORDIRECTOR   
Name of key/compensated personCAROLINE HORTONcaroline horton   
Position of compensated person
Average hours per week working for org1.001.0   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Jorajuria, Marie
TitleCFO    
Name of key/compensated personMARIE JORAJURIA    
Position of compensated person
Average hours per week working for org38.00    
Reportable compensation from org$36,549.00    
Other comp, non-reportable, from org and related orgs$1,442.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Kui, Chris
TitleDIRECTORDIRECTOR DIRECTORDIRECTOR
Name of key/compensated personCHRIS KUICHRIS KUI CHRIS KUICHRIS KUI
Position of compensated person
Average hours per week working for org1.001.0 1.01.0
Reportable compensation from org$0.00$0.00  $0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00  $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Maneval, John
Title   Director of LendingDirector of Lending
Name of key/compensated person   John ManevalJohn Maneval
Position of compensated person
Highest compensated employees (>$100k)    True
Average hours per week working for org   38.038.0
Reportable compensation from org   $151,264.00$136,473.00
Other comp, non-reportable, from org and related orgs   $9,051.00$8,168.00
Moorefield, Jim
Title   DIRECTORDIRECTOR
Name of key/compensated person   JIM MOOREFIELDJIM MOOREFIELD
Position of compensated person
Average hours per week working for org   1.01.0
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Peelor, Stephen
TitleCHIEF LOAN OFFICERSenior Loan Officer   
Name of key/compensated personSTEPHEN PEELORStephen Peelor   
Position of compensated person
Highest compensated employees (>$100k)TrueTrue   
Average hours per week working for org38.0038.0   
Reportable compensation from org$159,459.00$98,941.00   
Other comp, non-reportable, from org and related orgs$14,493.00$11,252.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Pinado, Jeanne
TitlePRESIDENT / VICE PRESIDENTPRESIDENT PRESIDENTPRESIDENT
Name of key/compensated personJEANNE PINADOJEANNE PINADO JEANNE PINADOJEANNE PINADO
Position of compensated person
Average hours per week working for org1.001.0 1.01.0
Reportable compensation from org$0.00$0.00  $0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00  $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Reed, Jeff
TitleTREASURERDirector DirectorDirector
Name of key/compensated personJEFF REEDJeff Reed Jeff ReedJeff Reed
Position of compensated person
Average hours per week working for org1.001.0 1.01.0
Reportable compensation from org$0.00$0.00  $0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00  $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Regan, Rebecca
TitleDIRECTORdirector   
Name of key/compensated personREBECCA REGANrebecca regan   
Position of compensated person
Average hours per week working for org1.001.0   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Teare, Megan
TitleDIRECTORDIRECTOR DIRECTORDIRECTOR
Name of key/compensated personMEGAN TEAREMEGAN TEARE MEGAN TEAREMEGAN TEARE
Position of compensated person
Average hours per week working for org1.001.0 1.01.0
Reportable compensation from org$0.00$0.00  $0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00  $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Valdez, Rosa
TitleDIRECTORSECRETARY SECRETARYSECRETARY
Name of key/compensated personROSA RIOS VALDEZROSA RIOS VALDEZ ROSA RIOS VALDEZROSA RIOS VALDEZ
Position of compensated person
Average hours per week working for org1.001.0 1.01.0
Reportable compensation from org$0.00$0.00  $0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00  $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Purpose: mission, activities, & accomplishments
Mission or significant activitiesNEIGHBORWORKS CAPITAL DELIVERS THE FLEXIBLE CAPITAL NEEDED BY NEIGHBORWORKS AMERICA AFFILIATES TO PROVIDE AFFORDABLE HOMES AND STRENGTHEN COMMUNITIES.NeighborWorks Capital delivers the flexible capital needed by NeighborWorks America affiliates to provide affordable homes and strengthen communities. NeighborWorks Capital delivers the flexible capital needed by NeighborWorks America affiliates to provide affordable homes and strengthen communities.NeighborWorks Capital delivers the flexible capital needed by NeighborWorks America affiliates to provide affordable homes and strengthen communities.
Program service expenses, total$2,772,342.00$2,276,292.00 $2,124,454.00$2,298,082.00
Programs, including revenue & expenses
PROVIDING FINANCING FOR THE ACQUISITION, DEVELOPMENT, AND REHABILITATION OF AFFORDABLE HOMES FOR SALE, RENTAL AND COMMERCIAL PROJECTS.
Program expenses$2,772,342.00$2,276,292.00 $2,124,454.00$2,298,082.00
Program revenue$3,841,682.00$3,344,421.00 $2,795,716.00$2,293,732.00
Program descriptionPROVIDING FINANCING FOR THE ACQUISITION, DEVELOPMENT, AND REHABILITATION OF AFFORDABLE HOMES FOR SALE, RENTAL AND COMMERCIAL PROJECTS.Providing financing for the acquisition, development, and rehabilitation of affordable for sale, rental and commercial projects. Providing financing for the acquisition, development, and rehabilitation of affordable for sale, rental and commercial projects.Providing financing for the acquisition, development, and rehabilitation of affordable for sale, rental and commercial projects.
Financial data
Revenue
Total revenue$7,175,107.00$6,261,702.00 $5,758,729.00$5,516,987.00
Revenue from contributions (total)$3,326,905.00$3,000,000.00$2,438,000.00$2,953,577.00$3,208,955.00
Investment income, current yr$6,520.00$102.00 $9,436.00$14,300.00
Total revenue from grants, etc., current yr$3,326,905.00$3,000,000.00 $2,953,577.00$3,208,955.00
Total unrelated business revenue$0.00$0.00 $0.00$0.00
Other revenue, current yr$0.00$0.00 $0.00$0.00
Net unrelated business taxable revenue$0.00    
Program service revenue (total)$3,841,682.00$3,261,600.00$3,435,245.00$2,795,716.00$2,293,732.00
Gross receipts$7,175,107.00$6,270,653.00 $5,758,729.00$5,516,987.00
Sources of contributions
Revenue from all other contributions$3,326,905.00$3,000,000.00 $2,953,577.00$3,208,955.00
Other types of revenue
Royalties (total) $0.00 $0.00$0.00
Miscellaneous revenue (total) $0.00 $0.00$0.00
Net revenue from gaming (total) $0.00 $0.00$0.00
Income from dividends, interest, and similar investments$6,520.00$9,053.00 $9,436.00$14,300.00
Net rental income $0.00$0.00$0.00$0.00
Net income from fundraising events $0.00 $0.00$0.00
Net inventory sales (total) $0.00 $0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$3,304,043.00$2,776,333.00 $2,512,609.00$2,653,042.00
Total functional expenses: program service $2,772,342.00$2,276,292.00 $2,124,454.00$2,298,082.00
Total functional expenses: management and general$364,263.00$344,911.00 $320,052.00$287,994.00
Total functional expenses: fundraising$167,438.00$155,130.00 $68,103.00$66,966.00
Fees for services
Lobbying fees (total) $0.00 $0.00$0.00
Legal fees (total)$31,782.00$229,669.00 $14,970.00$7,880.00
Fundraising service fees (total)$0.00$0.00 $25,808.00$0.00
General management fees (total) $0.00 $0.00$0.00
Investment management fees (total)$24,557.00$0.00 $0.00$0.00
Assets and liabilities
Total assets$74,504,355.00$65,381,137.00$64,385,203.00$68,537,856.00$46,542,792.00
Total assets, beginning of year$65,381,137.00$64,385,203.00 $46,542,792.00$37,922,994.00
Total liabilities$34,368,514.00$29,126,070.00$31,615,505.00$38,833,525.00$20,084,581.00
Total liabilities, beginning of year$29,126,070.00$31,615,505.00 $20,084,581.00$14,328,728.00
Pledges & accounts receivable, net$826,905.00$0.00 $603,577.00$858,955.00
Loans & receivables from key persons $0.00 $0.00$0.00
Unrestricted net assets, end of yr$11,226,361.00$8,075,973.00 $5,321,540.00$3,439,026.00
Temporarily restricted net assets$3,497,099.00$2,580,550.00 $2,812,034.00$3,252,650.00
Permanently restricted net assets, end of yr$25,412,381.00$25,598,544.00 $21,570,757.00$19,766,535.00
Net assets$40,135,841.00$36,255,067.00 $29,704,331.00$26,458,211.00
Net assets, beginning of year$36,255,067.00$32,769,698.00 $26,458,211.00$23,594,266.00
Other liabilities $0.00 $51,943.00$101,821.00
Bond liabilities $0.00 $0.00$0.00
Intangible assets $0.00 $0.00$0.00
Other assets$314,743.00$60,814,376.00 $56,553,429.00$34,584,368.00
Investments: other securities $0.00 $0.00$0.00
Investments: publicly traded securities$503,434.00$0.00 $0.00$0.00
Cash: non-interest bearing$3,123,353.00$2,303,566.00 $8,429,494.00$8,449,902.00
Cash: non-interest bearing, beginning of year$2,303,566.00$8,448,365.00 $8,449,902.00$4,073,877.00
Investments -- program-related$67,297,664.00$0.00 $0.00$0.00
Escrow or custodial account liability $0.00 $0.00$0.00
Loans and other payables to key persons $0.00 $0.00$0.00
Grants payable $0.00 $0.00$0.00
Inventories for sale or use $0.00 $0.00$0.00
Other financial variables
Revenue less expenses$3,871,064.00$3,485,369.00 $3,246,120.00$2,863,945.00
Advertising (total)$75,418.00$31,498.00 $48,262.00$0.00
Savings & temp cash investment$2,264,202.00$2,156,063.00 $2,860,118.00$2,578,249.00
Accounts receivable, net$106,470.00$34,048.00 $37,399.00$27,956.00
Prepaid expenses & deferred charges$34,081.00$24,335.00 $29,676.00$21,857.00
Accounts payable & accrued expenses$404,627.00$263,126.00 $293,537.00$232,760.00
Deferred revenue $0.00 $0.00$0.00
Unsecured notes & loans to unrelated parties$33,963,887.00$28,862,944.00 $38,488,045.00$19,750,000.00
Secured mortgages and notes payable $0.00 $0.00$0.00
Total net assets or fund balances$40,135,841.00$36,255,067.00 $29,704,331.00$26,458,211.00
Depreciation, depletion, amortization$18,645.00$36,394.00 $37,731.00$62,177.00
Payment to affiliates $0.00 $0.00$0.00
Governance and accountability
Number of voting members1111 109
Number of independent voting members1111 109
Financial sheets auditedTrueTrue TrueTrue
Accrual accountingTrueTrue TrueTrue
Tax year start date2017-01-012016-01-01 2014-01-012013-01-01
Tax year end date2017-12-012016-12-012015-12-012014-12-012013-12-01
Indicators for schedules (selected)
Business transaction with employeeTrueTrue   
Grants to domestic org/gov't >$5k True True 
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990 990990
Date e-filing submitted2018-08-302017-08-30 2015-07-072014-09-23
IRS schema version2017v2.22016v3.0 2014v5.02013v3.1
Filing identifier201841249349301219201711219349300626 201501199349300810201421269349300837
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