Overview
What is Neighborhood Development Alliance Inc?
Neighborhood Development Alliance Inc (NEDA) is a nonprofit community development corporation based in Saint Paul, Minnesota. With a mission to empower communities and build affordability, NEDA provides various services. Their housing initiatives include pre-purchase, post-purchase, and foreclosure prevention counseling, credit counseling, and financial literacy coaching. They also originate credit builder loans and home rehab loans through NEDA Centro de Finanzas. In community development, NEDA offers commercial building rehab loans on Saint Paul's West Side. For real estate development, they construct and renovate multi-family and single-family housing for low-income renters and homeowners. NEDA Centro de Finanzas, LLC, a wholly-owned subsidiary of NEDA, originates home rehab loans and provides advice on subsequent rehab construction for energy-efficient upgrades and code compliance. NEDA's mission extends to serving low-income neighborhoods in the City of Saint Paul and the 7-county metro area, with a focus on Minneapolis and Saint Paul, through its housing counseling and financial literacy programs. NEDA employs a team of 10 individuals in its mission to strengthen neighborhood vitality.
Official website here: www.nedahome.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
Neighborhood Development Alliance Inc has received an 81% score from Charity Navigator, which translates to a Three-Star rating. This indicates a solid level of accountability and financial health, determined exclusively by its Accountability & Finance score. The organization demonstrates a commitment to transparency, with key policies like conflict of interest and whistleblower protection in place.
A notable strength of Neighborhood Development Alliance is its independent board, which comprises 100% independent members. This reflects a commitment to responsible governance, supported by strong financial oversight mechanisms. The charity has a commendable program expense ratio of 91.52%, suggesting that a significant portion of its resources is directed towards its mission-driven programs.
However, the organization has a high liabilities to assets ratio at 98.27%, which raises concerns about its financial flexibility. While the charity shows strong performance in many areas, this metric indicates potential financial risks that may warrant further scrutiny. Overall, the organization exhibits a strong commitment to accountability but faces challenges in financial stability.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Neighborhood Development Alliance Inc?
94% of the 16 reviewers on Facebook recommend Neighborhood Development Alliance Inc. Here is a summary of their reviews:
The nonprofit is highly praised for its financial workshops, with users specifically highlighting the valuable advice and skills they gained from the sessions. One user enthusiastically expressed their appreciation for the strong financial guidance provided, indicating that the organization effectively supports the community in enhancing their financial literacy.
Overall, the sentiment is overwhelmingly positive, with many expressing satisfaction with the services offered. It appears that Neighborhood Development Alliance Inc. successfully delivers impactful programs that resonate with participants, making a meaningful difference in their financial education.
This AI summary has been generated from reviews found on Facebook.
Is Neighborhood Development Alliance Inc legitimate?
Neighborhood Development Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Development Alliance 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: $89,821
Professional Fundraising Fees: $2,480
Other Salaries and Wages: $422,185
For more financial information, click here
Official website here: www.nedahome.org
What is the mission statement of Neighborhood Development Alliance Inc?
The Neighborhood Development Alliance Inc. is a nonprofit community development corporation dedicated to building affordable housing and empowering communities. Their mission extends beyond just St. Paul, as they aim to foster sustainability through financial education and guidance. The organization's primary goal is to bolster the vitality of low-income neighborhoods by creating and preserving housing and business opportunities for residents of various income levels. In addition to St. Paul, they have expanded their mission to serve the 7-county metro area, with a significant focus on Minneapolis and St. Paul, particularly in terms of their homeownership counseling and financial literacy programs.
Official website here: www.nedahome.org
What is the revenue of Neighborhood Development Alliance Inc?
Neighborhood Development Alliance Inc's revenue in 2023 was $1,853,808.
Official website here: www.nedahome.org
Who are the executives of Neighborhood Development Alliance Inc and what are their salaries?
The average compensation at Neighborhood Development Alliance Inc during 2023 was $51,201. There are 10 employees and 7 volunteers at Neighborhood Development Alliance Inc.
Here are 6 key members and their salaries:
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- Compensation: $72,600
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- Other: $9,326
Official website here: www.nedahome.org
Where can I find the form 990 for Neighborhood Development Alliance Inc?
Neighborhood Development Alliance Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nedahome.org
Learn more at the official website: www.nedahome.org
Mission Statement of Neighborhood Development Alliance Inc
Neighborhood Development Alliance (NDA) is a nonprofit community development corporation with a mission to uplift low-income neighborhoods. Their primary objective is to create and preserve affordable housing opportunities for residents across various income levels. By doing so, NDA aims to contribute to the vitality of these communities. Originally focused on the city of St. Paul, NDA has expanded its reach to serve the seven-county metropolitan area, with a particular focus on Minneapolis and St. Paul, in terms of its homeownership counseling and financial literacy programs.
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Impact
July, 2024
Neighborhood Development Alliance Inc has a significant impact on communities by providing affordable housing and empowering residents through financial education and guidance. They offer a range of housing services, including homeownership advising, credit counseling, and financial literacy coaching in both English and Spanish. Additionally, NEDA provides commercial building rehab loans, real estate development projects, and home rehab loans for low-income individuals. Their mission is to strengthen low-income neighborhoods in Saint Paul and the surrounding metro area by creating and preserving housing and business opportunities for residents of all income levels. Through their initiatives, NEDA contributes to community improvement and economic sustainability.
This information is meant to be a general summary of Neighborhood Development Alliance 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: $36,690
- Program Service Revenue: $828,211
- Gross Receipts: $1,853,808
Assets and Liabilities:
- Total Assets: $11,692,021
- Total Liabilities: $11,490,829
- Net Assets: $201,192
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENTIAL RENTS
Revenue
$438,063
MANAGEMENT FEES
Revenue
$229,453
COMMERCIAL RENTS
Revenue
$65,342
HOUSING DEVELOPEMENT
Revenue
$48,832
OTHER
Revenue
$46,554
Organization Details
Founding Year
1989
Principal Officer
Karen Reid
Website
www.nedahome.orgNTEE Category
Code: S200 - Community improvement
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