NEIGHBORHOOD LENDING SERVICES INC

CHICAGO, IL | Cook County
Revitalization/Stabilization

Overview

NEIGHBORHOOD LENDING SERVICES INC
36-3471392
1279 N MILWAUKEE AVENUE
CHICAGO, IL 60622
Cook County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Revitalization/Stabilization
Nonprofit location info
  • This nonprofit is not located in any CRA geographies.
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
L82

L - Housing, Shelter

Housing Expense Reduction Support

Organizations that provide home purchase or construction loans; finance new living accommodations; or pay current housing and/or utility bills for people who cannot afford to make the payments themselves and who qualify for this service on the basis of need or income.

IRS Activity Codes info
381
Low and moderate income housing
995
Uncoded
-
Not reported
Standard Business Classification (NAICS Code) info
624229
Other Community Housing Services

CRA Alignment

CRA Category info
Revitalization/Stabilization
Community and economic development in distressed, underserved or disadvantaged areas.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
-
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
YearAmountProgramAwardee Name
2016 $1,150,000 CDFI Financial Assistance open_in_new Neighborhood Lending Services, Inc.
2017 $776,500 CDFI Financial Assistance open_in_new Neighborhood Lending Services, Inc.
2019 $565,000 CDFI Financial Assistance open_in_new Neighborhood Lending Services, Inc.
2021 $1,278,385 CDFI Rapid Response Program (COVID-19) open_in_new Neighborhood Lending Services, Inc.

Includes CDFI Fund awards granted between January 2013 and December 2023

HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$2.8M
Revenue
$2.8M
Assets
$24.1M

IRS Business Master File Details info

As of Oct 2023
Exempt Ruling Date info
1989-01
Deductibility Status info
Deductible
Last Tax Filing info
2023
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
Basis for Foundation/Public Charity Status info
Organization normally receives no more than one-third of support from gross investment and unrelated business income and at same time more than one-third of its support from contributions, fees and gross receipts related to exempt purposes 509(a)(2)

IRS Publication 78 Details info

As of Nov 2023
Verified in Publication 78 info
Yes
Deductibility Limitation info
50% (60% for cash contributions)
Organization Description info
A public charity

IRS Form 990 Returns info

Through August 2023
Tax period ending in
2023-03
Tax period ending in
2022-03
Tax period ending in
2021-03
Tax period ending in
2020-03
Tax period ending in
2019-03
Tax period ending in
2018-03
Tax period ending in
2017-03
Tax period ending in
2016-03

Nonprofit Location

Physical Address info
1279 N MILWAUKEE AVENUE
CHICAGO, IL 60622
Cook County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
16984
MSA/MD info
17
State info
031
County info
2415.00
Tract info
Upper
Income Level info
Core-Based Statistical Area info
16980 - Chicago-Naperville-Elgin, IL-IN-WI
Combined Statistical Area info
176 - Chicago-Naperville, IL-IN-WI
Metropolitan Division info
16984 - Chicago-Naperville-Evanston, IL
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 31.86%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
2415.00 Cook County
Population
Total Population 2,954 5,265,398
Total Households 1,314 2,044,658
Income
Median Family Income (Census*) $160,430 $72,121
Median Family Income (2023 FFIEC est.) $109,800 $105,700
Tract Income Percentage 173.2% N/A
Below Poverty Level 4.4% 13.5%
Unemployment Level 4.5% 7.3%
Housing
Total Housing Units 1,399 2,253,936
Total Owner-Occupied Units 42.2% 57.5%
Total Renter-Occupied Units 51.7% 42.5%
Total Vacant Units 6.1% 7.2%
* Census tract income based on 2020 American Community Survey data as reported in the 2023 FFIEC Census Flat File; County income based on 2021 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

7
Total Voting Members
in Governing Body
info
7
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Dwayne Shipp
(773) 329-4144
Principal Officer info
Dwayne Shipp
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
Organization Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Information in this section is extracted from the nonprofit's e-filed tax return and based on answers provided by the nonprofit in their 990 e-filed for the tax period ending on 2023-03.

A hyphen (“-“) in this section indicates that the information was not required by the IRS or not reported by the nonprofit in its tax return e-filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit help.findcra.com.