Overview
What is Neighborhood Development Services Inc?
Neighborhood Development Services Inc, located in Ravenna, Ohio with an address at 120 E Main St, is a nonprofit organization dedicated to the construction and rehabilitation of affordable housing throughout Northeast Ohio. Their mission encompasses the revitalization of neighborhoods and communities, primarily benefiting low and moderate-income households. The organization's activities extend beyond just housing, as they engage in community and economic development, job creation, and addiction and recovery services. With a team of 25 employees, Neighborhood Development Services Inc strives to provide affordable housing solutions for single family, multi-family, and senior housing throughout their service area.
Official website here: www.ndsohio.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% - Four-Star out of Four Star rating from Charity Navigator.
Neighborhood Development Services Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting strong performance in accountability and finance. This high score indicates that the organization is well-managed and transparent in its financial dealings, primarily assessed through its accountability measures. The nonprofit's commitment to maintaining an independent board and stringent oversight practices further enhances its credibility.
The organization excels in several areas, including having a 100% independent board and a robust financial oversight structure. It has also successfully implemented policies addressing conflicts of interest and whistleblower protections, which are essential for fostering trust and integrity within the organization. The high percentage of program expenses dedicated to its mission (88.16%) shows that a significant portion of its resources is directed toward effective service delivery.
However, there is a slight concern regarding the liabilities to assets ratio, which stands at 54.71%. While it is still within an acceptable range, it suggests that the organization may have a notable amount of debt relative to its assets. Overall, the strengths significantly outweigh this limitation, reinforcing the nonprofit's dedication to responsible governance and impactful community service.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Neighborhood Development Services Inc?
92% of 7 reviewers on Facebook recommend Neighborhood Development Services Inc. Here is a summary of their reviews:
Many individuals appreciate the intentions behind the organization, indicating that the services provided are essential for community development. However, there are notable concerns regarding the commitment to fulfill promises, with some users feeling disappointed about the assistance they received. One reviewer expressed frustration with the lack of support for their urgent housing needs, highlighting issues such as being informed that necessary repairs exceeded funding limits.
Overall, while a majority of users support the nonprofit's mission, there are significant concerns from some who have experienced unmet expectations. This mix of positive and negative sentiments suggests that while the organization has a good reputation, it may need to improve its communication and service delivery to better meet the needs of all clients.
This AI summary has been generated from reviews found on Facebook.
Is Neighborhood Development Services Inc legitimate?
Neighborhood Development Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Development 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $254,571
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,019,134
For more financial information, click here
Official website here: www.ndsohio.org
What is the mission statement of Neighborhood Development Services Inc?
Neighborhood Development Services Inc is committed to revitalizing neighborhoods and communities, focusing primarily on the benefit of low and moderate-income households. They strive to provide or promote affordable housing, community and economic development, job creation, and addiction and recovery services on a statewide level. Through their efforts, they construct and rehabilitate affordable housing for single family, multi-family, and senior living situations. Their mission is to improve living conditions and create opportunities for those in need.
Official website here: www.ndsohio.org
What is the revenue of Neighborhood Development Services Inc?
Neighborhood Development Services Inc's revenue in 2023 was $17,157,604.
Official website here: www.ndsohio.org
Who are the executives of Neighborhood Development Services Inc and what are their salaries?
The average compensation at Neighborhood Development Services Inc during 2023 was $90,948. There are 25 employees and 9 volunteers at Neighborhood Development Services Inc.
Here are 11 key members and their salaries:
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- Compensation: $135,396
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- Compensation: $119,175
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Official website here: www.ndsohio.org
Where can I find the form 990 for Neighborhood Development Services Inc?
Neighborhood Development Services Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ndsohio.org
Learn more at the official website: www.ndsohio.org
Mission Statement of Neighborhood Development Services Inc
Neighborhood Development Services Inc, a nonprofit organization, is dedicated to revitalizing neighborhoods and communities primarily for the benefit of low and moderate-income households. Through statewide provision and promotion, this organization focuses on affordable housing, community and economic development, job creation, and addiction and recovery services.
The mission of Neighborhood Development Services Inc is multifaceted. It aims to construct and rehabilitate affordable housing throughout its service area, including single family, multi-family, and senior housing. This commitment to affordable housing is a crucial step towards strengthening communities and ensuring that low and moderate-income households have access to safe and affordable living spaces.
In addition to affordable housing development, Neighborhood Development Services Inc is actively involved in community and economic development initiatives. These efforts create jobs and stimulate local economies, contributing to the overall well-being of the communities they serve. Furthermore, the organization provides addiction and recovery services, addressing a pressing need and offering valuable support to individuals seeking a better future.
In summary, Neighborhood Development Services Inc is a leading force in neighborhood revitalization. By focusing on affordable housing, community and economic development, job creation, and addiction and recovery services, this organization is committed to improving the lives of low and moderate-income households and fostering thriving communities.
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Impact
October, 2024
Neighborhood Development Services Inc significantly impacts communities by focusing on revitalization efforts that primarily benefit low and moderate-income households. By promoting affordable housing, the organization works towards constructing and rehabilitating homes throughout Northeast Ohio, addressing a critical need for accessible housing options.
In addition to housing initiatives, the organization plays a vital role in community and economic development by creating job opportunities and supporting addiction and recovery services. These efforts foster a stronger sense of community, enhance local economies, and improve the quality of life for residents. Through its comprehensive approach, Neighborhood Development Services Inc is dedicated to uplifting neighborhoods and ensuring that all individuals have access to safe and affordable living conditions.
This information is meant to be a general summary of Neighborhood Development Services Inc. 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 2023.
- Investment Income: $66,279
- Program Service Revenue: $15,834,603
- Gross Receipts: $17,157,604
Assets and Liabilities:
- Total Assets: $46,170,067
- Total Liabilities: $25,261,341
- Net Assets: $20,908,726
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AFFORDABLE HOUSING DEVELOPMENT
Revenue
$9,709,094
PROGRAM SERVICE FEES
Revenue
$5,024,775
RENTAL INCOME
Revenue
$776,509
PROGRAM SERVICE INTEREST INCOME
Revenue
$319,141
COMMUNITY DEVELOPMENT
Revenue
$5,084
Organization Details
Founding Year
1985
Principal Officer
Stacy Brown
Website
www.ndsohio.orgNTEE Category
Code: S200 - Community improvement
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