Neighborhood Stabilization Corporation

Boston, MA
Tax-exempt since May 1997
EIN: 04-3249517

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building N.E.C. (NTEE)

Donations to this organization are tax deductible.

Revenue

$7.71M (2022)

Expenses

$13.7M (2022)

Total Assets

$31.3M (2022)

Total Liabilities

$70.9M (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Revenue

$7,708,192

Expenses

$13,698,495

Net Income

-$5,990,303

Net Assets

-$39,560,950

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$6,672,799	86.6%
Program Services	$660,622	8.6%
Investment Income	$189,502	2.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$184,398	2.4%
Net Fundraising	$0
Sales of Assets	$871	0.0%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$8,123,336	59.3%

Assets/Debt
Total Assets	$31,292,408
Total Liabilities	$70,853,358
Net Assets	-$39,560,950

Compensation

Key Employees and Officers	Compensation	Related	Other
Bruce Marks (Pres/Ceo/Dir)	$0	$234,890	$19,777
Scott Nguyen (Software Dev)	$0	$171,695	$23,785
Erick Exum (Mortgage Dep)	$0	$150,010	$23,234
Guadalupe Soria (Dir. Of Ment)	$0	$140,457	$19,217
Diego Luque (Operations M)	$0	$131,175	$20,857
Marissa Landrau Pirazzi (Clerk)	$0	$111,251	$0
Carmen Anao (Director)	$0	$0	$0
Douglas Fierberg (Director)	$0	$0	$0
Glynn Lloyd (Treas./Direc)	$0	$0	$0

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990

Filed on Nov. 14, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$6,854,139

Expenses

$12,165,401

Net Income

-$5,311,262

Net Assets

-$33,432,772

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$6,718,075	98.0%
Program Services	$0
Investment Income	$132,098	1.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$3,966	0.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$8,062,300	66.3%

Assets/Debt
Total Assets	$29,880,510
Total Liabilities	$63,313,282
Net Assets	-$33,432,772

Compensation

Key Employees and Officers	Compensation	Related	Other
Bruce Marks (Pres/Ceo/Dir)	$0	$234,773	$25,861
Scott Nguyen (Software Dev)	$0	$180,101	$23,536
Erick Exum (Mortgage Dep)	$0	$150,889	$23,133
Tammy Johnson (Hand Directo)	$0	$129,160	$22,551
Morio White (Mortgage Cou)	$0	$118,539	$0
Marissa Landrau Pirazzi (Clerk)	$0	$91,445	$0
Carmen Anao (Director)	$0	$0	$0
Douglas Fierberg (Director)	$0	$0	$0
Glynn Lloyd (Treas./Direc)	$0	$0	$0

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990

Filed on Nov. 14, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2020

Revenue

$5,128,922

Expenses

$12,860,966

Net Income

-$7,732,044

Net Assets

-$27,981,311

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$4,891,437	95.4%
Program Services	$0
Investment Income	$237,485	4.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$8,601,762	66.9%

Assets/Debt
Total Assets	$28,028,520
Total Liabilities	$56,009,831
Net Assets	-$27,981,311

Compensation

Key Employees and Officers	Compensation	Related	Other
Bruce Marks (Pres/Ceo/Dir)	$0	$215,000	$25,117
Scott Nguyen (Software Dev)	$0	$194,801	$23,760
Erick Exum (Mortgage Dep)	$0	$132,500	$22,545
Sheneathia Delaoz (Mortgage Cou)	$0	$141,485	$10,602
Ora Moore (Office Direc)	$0	$124,293	$5,050
Marissa Landrau Pirazzi (Clerk)	$0	$84,602	$0
Carmen Anao (Director)	$0	$0	$0
Douglas Fierberg (Director)	$0	$0	$0
Glynn Lloyd (Treas./Direc)	$0	$0	$0

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990

Filed on Nov. 15, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$2,316,464

Expenses

$14,480,999

Net Income

-$12,164,535

Net Assets

-$20,359,024

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,946,309	84.0%
Program Services	$0
Investment Income	$370,155	16.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$9,251,172	63.9%

Assets/Debt
Total Assets	$22,880,382
Total Liabilities	$43,239,406
Net Assets	-$20,359,024

Compensation

Key Employees and Officers	Compensation	Related	Other
Bruce Marks (Pres/Ceo/Dir)	$0	$274,966	$23,286
Scott Nguyen (Software Dev)	$0	$167,014	$19,673
Erick Exum (Dir. Of Unde)	$0	$124,504	$22,473
Guadalupe Soria (Mortgage Con)	$0	$116,476	$19,902
Weldon Logan (Mortgage Con)	$0	$118,801	$15,032
Marissa Landrau Pirazzi (Clerk)	$0	$80,694	$0
Carmen Anao (Director)	$0	$0	$0
Douglas Fierberg (Director)	$0	$0	$0
Glynn Lloyd (Treas./Direc)	$0	$0	$0

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990

Filed on Nov. 16, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$835,827

Expenses

$13,938,636

Net Income

-$13,102,809

Net Assets

-$8,401,081

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$559,308	66.9%
Program Services	$0
Investment Income	$275,597	33.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$922	0.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$8,058,116	57.8%

Assets/Debt
Total Assets	$21,676,543
Total Liabilities	$30,077,624
Net Assets	-$8,401,081

Compensation

Key Employees and Officers	Compensation	Related	Other
Bruce Marks (Pres/Ceo/Dir)	$0	$217,500	$20,192
Carmen Anao (Director)	$0	$0	$0
Glynn Lloyd (Treas./Direc)	$0	$0	$0
Douglas Fierberg (Director)	$0	$0	$0
Marissa Landrau Pirazzi (Clerk)	$0	$77,493	$0
Scott Nguyen (Software Dev)	$0	$176,326	$19,505
Erick Exum (Dir. Of Unde)	$0	$153,437	$23,023
Ricardo Jaramillo (Mortgage Con)	$0	$141,389	$13,760
Alcides Vargas (Mortgage Con)	$0	$120,105	$19,992

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990

Filed on Nov. 15, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$3,850,974

Expenses

$12,622,164

Net Income

-$8,771,190

Net Assets

$4,805,690

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,672,703	95.4%
Program Services	$0
Investment Income	$178,280	4.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$9
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$7,065,761	56.0%

Assets/Debt
Total Assets	$23,630,405
Total Liabilities	$18,824,715
Net Assets	$4,805,690

Compensation

Key Employees and Officers	Compensation	Related	Other
Bruce Marks (Pres/Ceo/Dir)	$0	$150,000	$18,586
Carmen Anao (Director)	$0	$0	$0
Glynn Lloyd (Treas./Direc)	$0	$0	$0
Douglas Fierberg (Director)	$0	$0	$0
Marissa Landrau Pirazzi (Clerk)	$0	$73,487	$0
Scott Nguyen (Software Dev)	$0	$167,410	$18,595
Erick Exum (Dir. Of Unde)	$0	$123,461	$19,749
Tammy Johnson (Hand Directo)	$0	$110,000	$19,264
Guadalupe Soria (Mortgage Con)	$0	$109,882	$18,568

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990

Filed on Nov. 15, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$8,297,202

Expenses

$8,047,813

Net Income

$249,389

Net Assets

$13,621,600

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$8,188,531	98.7%
Program Services	$0
Investment Income	$108,621	1.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$50	0.0%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$4,907,284	61.0%

Assets/Debt
Total Assets	$23,419,656
Total Liabilities	$9,798,056
Net Assets	$13,621,600

Compensation

Key Employees and Officers	Compensation	Related	Other
Bruce Marks (Pres/Ceo/Dir)	$0	$150,000	$19,003
Carmen Anao (Director)	$0	$0	$0
Glynn Lloyd (Treas./Direc)	$0	$0	$0
Douglas Fierberg (Director)	$0	$0	$0
Marissa Landrau Pirazzi (Clerk)	$0	$49,329	$0
Scott Nguyen (Program Deve)	$0	$173,451	$18,687
Ricardo Jaramillo (Mortgage Con)	$0	$144,124	$6,577
Curtis Luke (Mortgage Con)	$0	$122,210	$12,533
Alma Martinez (Mortgage Con)	$0	$119,626	$413

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990

Filed on Nov. 14, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$744,854

Expenses

$10,286,033

Net Income

-$9,541,179

Net Assets

$13,344,807

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$659,063	88.5%
Program Services	$0
Investment Income	$85,791	11.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,218,929	50.7%

Assets/Debt
Total Assets	$25,682,039
Total Liabilities	$12,337,232
Net Assets	$13,344,807

Compensation

Key Employees and Officers	Compensation	Related	Other
Bruce Marks (Pres/Ceo/Dir)	$0	$148,142	$17,691
Carmen Anao (Director)	$0	$0	$0
Glynn Lloyd (Treas./Direc)	$0	$0	$0
Douglas Fierberg (Director)	$0	$0	$0
Marissa Landrau Pirazzi (Clerk)	$0	$48,149	$0
Scott Nguyen (Program Deve)	$0	$169,886	$17,633
Pamela Brooks (National Man)	$0	$116,785	$6,956
Curtis Luke (Mortgage Con)	$0	$112,784	$11,492
Donald Meadows (Mortgage Ops)	$0	$102,199	$6,149

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990

Filed on Nov. 15, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$85,633

Expenses

$897,627

Net Income

-$811,994

Net Assets

$22,903,016

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$17,560	20.5%
Program Services	$0
Investment Income	$68,073	79.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$22,915,406
Total Liabilities	$12,390
Net Assets	$22,903,016

Compensation

Key Employees and Officers	Compensation	Related	Other
Bruce Marks (Pres/Ceo/Dir)	$0	$150,000	$17,200
Carmen Anao (Director)	$0	$0	$0
Glynn Lloyd (Treas./Direc)	$0	$0	$0
Douglas Fierberg (Director)	$0	$0	$0
Marissa Landrau Pirazzi (Clerk)	$0	$40,328	$0
Scott Nguyen (Program Deve)	$0	$173,192	$16,865
George Weber (General Coun)	$0	$117,637	$294
Ethan Horowitz (Legal Counse)	$0	$115,000	$17,513
Pamela Brooks (National Man)	$0	$101,539	$7,284

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990

Filed on Oct. 28, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$4,884,974

Expenses

$480,064

Net Income

$4,404,910

Net Assets

$23,706,146

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,890,655	38.7%
Program Services	$2,959,920	60.6%
Investment Income	$34,399	0.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$23,716,330
Total Liabilities	$10,184
Net Assets	$23,706,146

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$2,963,377

Expenses

$49,388

Net Income

$2,913,989

Net Assets

$19,312,639

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$5,155	0.2%
Program Services	$2,939,787	99.2%
Investment Income	$18,435	0.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$19,853,840
Total Liabilities	$541,201
Net Assets	$19,312,639

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$91,529

Expenses

$3,060,535

Net Income

-$2,969,006

Net Assets

$16,401,936

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$318	0.3%
Program Services	$0
Investment Income	$91,216	99.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$5
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$16,925,172
Total Liabilities	$523,236
Net Assets	$16,401,936

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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Types of Nonprofits

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Updated October 30, 2024

Neighborhood Stabilization Corporation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $7.71M (2022)

Expenses $13.7M (2022)

Total Assets $31.3M (2022)

Total Liabilities $70.9M (2022)

Tax Filings by Year

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2010

No Extracted Financial Data

Revenue

$7.71M (2022)

Expenses

$13.7M (2022)

Total Assets

$31.3M (2022)

Total Liabilities

$70.9M (2022)

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

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2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

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2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001