Overview
What is Neighborhood Development Associnc?
Neighborhood Development Association, situated in Lynn, Massachusetts, is a dedicated nonprofit organization specializing in housing rehabilitation. Their primary goal is to construct homes that are affordable for individuals with moderate to low incomes. This mission is at the heart of their activities and drives their day-to-day operations. The association plays a significant role in providing housing solutions for this particular demographic, contributing positively to the local community.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 82% (Three-Star out of Four Star rating)
The Neighborhood Development Association has earned a Three-Star rating from Charity Navigator, highlighting its strong performance in accountability and finance. The organization achieved an overall score based on its impressive accountability measures, reflecting a commitment to transparency and responsible financial practices. The scoring indicates confidence in the management of the charity’s resources and operations.
One of the notable strengths of the Neighborhood Development Association is its fully independent board, which consists of all independent members. This demonstrates a robust governance structure that is likely to enhance decision-making and oversight. Additionally, the organization has a solid program expense ratio of 87.90%, showing that a significant portion of its funds directly supports its mission-related activities.
While the overall score reflects positive attributes, there is no mention of additional beacons that might assess other areas such as results or impact. This could suggest that potential donors should consider seeking further information on the effectiveness of the programs offered by the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Neighborhood Development Associnc legitimate?
Neighborhood Development Associnc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Development Associnc 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Neighborhood Development Associnc?
The Neighborhood Development Association, being a nonprofit organization specializing in housing rehabilitation, is dedicated to constructing homes for individuals with moderate to low income levels. Their mission, in essence, is to facilitate homeownership opportunities for a segment of the population with limited financial resources. By building homes, they contribute to providing stable living environments and enhancing the overall quality of life for these individuals.
Who is the CEO of Neighborhood Development Associnc?
Christine Newhall is the Clerk of Neighborhood Development Associnc.
What is the revenue of Neighborhood Development Associnc?
Neighborhood Development Associnc's revenue in 2022 was $2,444,717.
Who are the executives of Neighborhood Development Associnc and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Neighborhood Development Associnc?
Neighborhood Development Associnc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Neighborhood Development Associnc
Neighborhood Development Association, a housing rehabilitation nonprofit based in Lynn, MA, is dedicated to constructing homes for individuals with moderate to low income levels. This mission-driven organization aims to provide affordable housing solutions, contributing significantly to the community and empowering its residents. By focusing on building homes for those who may not otherwise have access to such opportunities, Neighborhood Development Association is making a tangible difference in people's lives, enabling them to establish a stable and secure living environment.
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Impact
July, 2024
Neighborhood Development Associnc's impact is significant in providing housing opportunities for low to moderate-income buyers in Lynn, MA. They are actively involved in building homes and rehabilitating properties to create affordable housing options for those in need. Their work directly contributes to addressing the housing needs of the community and improving the overall quality of life for residents in Lynn.
This information is meant to be a general summary of Neighborhood Development Associnc. Please take the time to review official sources before making any decisions based upon the content provided here.
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 2022.
- Investment Income: $1,371,467
- Gross Receipts: $7,256,243
Assets and Liabilities:
- Total Assets: $7,920,138
- Total Liabilities: $1,376,462
- Net Assets: $6,543,676
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Organization Details
Phone
(781) 477-2800Principal Officer
Christine Newhall
Main Address
10 CHURCH STREET, LYNN, MA, 01902
NTEE Category
Code: L99 - Housing
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