Overview
What is Neighborhood Development Center Inc?
Neighborhood Development Center Inc, based in Saint Paul, Minnesota, is a nonprofit organization situated at 625 University Avenue. Their primary mission is to foster neighborhood revitalization and promote entrepreneurship within specific low-income communities. They achieve this goal by encouraging property ownership and business ownership among local entrepreneurs. The center empowers both entrepreneurs and community partners to revitalize their neighborhood economies from within, contributing positively to the local community's growth and development. With a dedicated team of 51 employees, Neighborhood Development Center Inc plays a crucial role in transforming low-income neighborhoods through innovative initiatives and collaborative efforts.
Official website here: www.ndc-mn.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 90% (Four-Star out of Four Stars)**
Neighborhood Development Center Inc has achieved a strong Four-Star rating from Charity Navigator, primarily reflecting its exceptional accountability and financial management practices. The organization demonstrates a high level of transparency, with an independent board fully compliant in areas such as conflict of interest policies and audit oversight. However, it is worth noting that while the fiscal health appears robust, the absence of scoring in Leadership & Adaptability, Culture & Community, and Impact & Measurement suggests areas for potential improvement and assessment.
Financially, the Center shows a program expense ratio of 87.18%, indicating that a significant majority of its funds are allocated directly to its mission-related activities. Although the organization has scored well in accountability, it missed points for not posting its latest tax form on its website, which may impact public trust. The organization's liabilities to assets ratio of 58.62% reflects a reasonable financial stability but could raise flags about financial risk depending on future funding and operational demands.
Currently, user reviews from GreatNonprofits are not available, which limits the insights into personal experiences and community impact from those engaged with the organization. Overall, while Neighborhood Development Center Inc has solid financial ratings, the lack of additional evaluative scores and user feedback indicates room for further exploration of its operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Neighborhood Development Center Inc legitimate?
Neighborhood Development Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Development Center 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: $1,275,108
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,721,104
For more financial information, click here
Official website here: www.ndc-mn.org
What is the mission statement of Neighborhood Development Center Inc?
The Neighborhood Development Center Inc's mission is centered around empowering entrepreneurs and community partners to revitalize low-income neighborhood economies from within. Through their initiatives, they aim to encourage property ownership and business entrepreneurship within specific priority areas. Their real estate development program specifically encourages neighborhood revitalization, fostering an environment that supports local business growth and community development.
Official website here: www.ndc-mn.org
Who is the CEO of Neighborhood Development Center Inc?
Mihailo Temali is the CEO of Neighborhood Development Center Inc The CEO's salary of Neighborhood Development Center Inc is $178,241 and their total compensation is $204,627.
Official website here: www.ndc-mn.org
What is the revenue of Neighborhood Development Center Inc?
Neighborhood Development Center Inc's revenue in 2023 was $10,163,231.
Official website here: www.ndc-mn.org
Who are the executives of Neighborhood Development Center Inc and what are their salaries?
The average compensation at Neighborhood Development Center Inc during 2023 was $58,749. There are 51 employees and 40 volunteers at Neighborhood Development Center Inc.
Here are 19 key members and their salaries (Neighborhood Development Center Inc's CEO's salary is $178,241 and their total compensation is $204,627):
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- Compensation: $178,241
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- Other: $26,386
- Compensation: $224,725
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- Compensation: $122,577
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- Compensation: $124,960
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- Compensation: $112,639
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- Compensation: $105,096
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- Other: $13,458
- Compensation: $108,825
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- Other: $24,658
Official website here: www.ndc-mn.org
Where can I find the form 990 for Neighborhood Development Center Inc?
Neighborhood Development Center Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ndc-mn.org
Learn more at the official website: www.ndc-mn.org
Mission Statement of Neighborhood Development Center Inc
Neighborhood Development Center Inc, a dedicated organization, aims to empower entrepreneurs and community partners in their mission to revitalize low-income neighborhood economies from within. By doing so, they seek to encourage property ownership and business ownership within specific priority areas. This approach not only stimulates neighborhood growth but also provides opportunities for local entrepreneurs to thrive. The center's initiatives primarily focus on real estate development, promoting neighborhood revitalization and fostering a sense of community involvement.
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Impact
July, 2024
Neighborhood Development Center Inc empowers entrepreneurs and community partners to transform low-income neighborhood economies from within. Through its real estate development initiative program, the organization encourages neighborhood revitalization, property ownership, and business ownership by entrepreneurs within specific priority low-income neighborhoods. This initiative has had a significant impact on the economic development and social fabric of Saint Paul, MN, creating opportunities for individuals and communities to thrive and build sustainable futures.
This information is meant to be a general summary of Neighborhood Development Center 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: $218,361
- Program Service Revenue: $1,047,586
- Gross Receipts: $10,437,494
Assets and Liabilities:
- Total Assets: $39,676,153
- Total Liabilities: $23,261,371
- Net Assets: $16,414,782
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$474,891
PROPERTY MGMT FEES
Revenue
$218,651
CONTRACT INCOME
Revenue
$192,995
OTHER INCOME
Revenue
$67,368
NOTE INTEREST INCOME
Revenue
$62,121
Organization Details
Founding Year
1993
Principal Officer
Renay Dossman
Website
www.ndc-mn.orgNTEE Category
Code: P21Z - Human services
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