Overview
What is Neighborhood Development Corporation?
The Neighborhood Development Corporation is a nonprofit organization situated in Des Moines, Iowa. With a focus on community improvement, they primarily acquire both commercial and residential properties for future development. These renovations align with government-approved plans, aiming to combat local deterioration and stimulate the creation of affordable housing, small businesses, and job opportunities in low to moderate-income census tracks. Their mission in Polk County, Iowa, specifically involves the redevelopment of deteriorated properties to revitalize neighborhoods and foster growth. The organization operates with a modest team of two dedicated individuals.
Official website here: www.ndcdsm.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 71%)
The Neighborhood Development Corporation has been rated as needing improvement, with a score of 71%. This rating reflects strong accountability and financial practices, achieving a perfect score of 100% in this area. The organization has demonstrated good governance with an independent board, effective financial oversight, and robust policies in place, such as conflict of interest and whistleblower protections.
Despite these strengths, the organization has significant room for improvement, particularly in its financial ratios. The liabilities to assets ratio stands at 71.45%, indicating potential concerns about financial health, while the program expense ratio of 62.12% suggests that a smaller proportion of expenditures are directed towards programs compared to administrative costs. These factors have contributed to the lower rating, pointing to the need for enhanced financial management and program effectiveness.
Overall, while the Neighborhood Development Corporation shows promise through its governance and accountability, it faces challenges that need to be addressed to improve its overall performance and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Neighborhood Development Corporation legitimate?
Neighborhood Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Development Corporation 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: $305,894
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ndcdsm.org
What is the mission statement of Neighborhood Development Corporation?
The Neighborhood Development Corporation's mission is to enhance neighborhoods and combat community deterioration. This is achieved through targeted redevelopment efforts, specifically designed to create housing, small business, and job opportunities for residents. The corporation acquires both commercial and residential properties with the intention of future development, aligning with government-approved development plans. This strategy aims to assist in the creation of prospects in low to moderate income census tracks.
Official website here: www.ndcdsm.org
Who is the CEO of Neighborhood Development Corporation?
Abbey Gilroy is the President of Neighborhood Development Corporation.
Official website here: www.ndcdsm.org
What is the revenue of Neighborhood Development Corporation?
Neighborhood Development Corporation's revenue in 2022 was $1,846,921.
Official website here: www.ndcdsm.org
Who are the executives of Neighborhood Development Corporation and what are their salaries?
The average compensation at Neighborhood Development Corporation during 2022 was $152,947. There are 2 employees at Neighborhood Development Corporation.
Here are 12 key members and their salaries:
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- Compensation: $177,736
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- Compensation: $123,096
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- Other: $581
Official website here: www.ndcdsm.org
Where can I find the form 990 for Neighborhood Development Corporation?
Neighborhood Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ndcdsm.org
Learn more at the official website: www.ndcdsm.org
Mission Statement of Neighborhood Development Corporation
The Neighborhood Development Corporation, a nonprofit organization, is committed to enhancing neighborhoods and combating community deterioration. They achieve this mission through redevelopment efforts specifically designed to create housing, small business, and job creation opportunities for residents in Polk County, Iowa. The corporation acquires both commercial and residential properties for future development, ensuring that these projects align with government-approved development plans. By doing so, they contribute to the combat of community deterioration and assist in the creation of opportunities in low to moderate income census tracks.
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Impact
July, 2024
Neighborhood Development Corporation's impact is significant in Polk County, Iowa. By acquiring and redeveloping deteriorated properties in the area, they are actively combatting community deterioration and creating housing, small business, and employment opportunities. Their efforts are specifically designed to enhance neighborhoods and improve the quality of life for residents in low to moderate-income census tracks in Des Moines. Overall, Neighborhood Development Corporation is playing a crucial role in revitalizing the community and fostering economic growth in the region.
This information is meant to be a general summary of Neighborhood Development Corporation. 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.
- Program Service Revenue: $502,103
- Gross Receipts: $1,846,921
Assets and Liabilities:
- Total Assets: $8,334,749
- Total Liabilities: $5,955,334
- Net Assets: $2,379,415
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$370,334
DEVELOPMENT FEE INCOME
Revenue
$131,769
Organization Details
Founding Year
1999
Phone
(515) 244-8600Principal Officer
Abbey Gilroy
Main Address
2331 UNIVERSITY AVENUE STE 202, DES MOINES, IA, 50311
Website
www.ndcdsm.orgNTEE Category
Code: L25 - Housing
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