Overview
What is Neighborhood Development Collaborative?
The Neighborhood Development Collaborative is a nonprofit organization situated in Temple, Texas. Their primary mission is to provide affordable housing solutions for low-income families and seniors. This includes offering rental properties and single-family homes to working-class families who might otherwise struggle to secure suitable housing. The organization's activities primarily revolve around the development and redevelopment of affordable housing units, ensuring that these essential living spaces remain accessible to those in need.
Official website here: www.n-d-c.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement, 69%)
The Neighborhood Development Collaborative received a rating of two stars from Charity Navigator, indicating a need for improvement in overall accountability and financial practices. While the organization has strong independent board member representation and maintains a healthy liabilities to assets ratio, significant weaknesses were noted, particularly in the area of financial transparency.
The charity's program expense ratio is commendable at 70.53%, demonstrating a focus on its mission. However, the absence of key financial documents, such as financial statements and the nonprofit's tax form on its website, raises concerns about transparency. Additionally, missing policies like the conflict of interest and whistleblower policy further detract from its accountability score.
Despite these areas for improvement, there are no reported issues with the material diversion of assets, which is a positive aspect. The presence of board meeting minutes is also a good sign of operational governance. Overall, while the organization is making strides in its mission-related expenses, it must address its governance and transparency practices to enhance its credibility and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Neighborhood Development Collaborative legitimate?
Neighborhood Development Collaborative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Development Collaborative 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
For more financial information, click here
Official website here: www.n-d-c.org
What is the mission statement of Neighborhood Development Collaborative?
The Neighborhood Development Collaborative's mission is centered around the development and redevelopment of affordable housing. Specifically, they focus on providing affordable rental housing for low-income families and seniors, as well as single-family homes for working-class families. In essence, their goal is to contribute to the housing needs of these groups, ensuring they have access to suitable and affordable living spaces.
Official website here: www.n-d-c.org
Who is the CEO of Neighborhood Development Collaborative?
David P Cole is the Coo/Secretary of Neighborhood Development Collaborative. The CEO's salary of Neighborhood Development Collaborative is $250 and their total compensation is $250.
Official website here: www.n-d-c.org
What is the revenue of Neighborhood Development Collaborative?
Neighborhood Development Collaborative's revenue in 2022 was $607,865.
Official website here: www.n-d-c.org
Who are the executives of Neighborhood Development Collaborative and what are their salaries?
Here are 7 key members and their salaries (Neighborhood Development Collaborative's CEO's salary is $250 and their total compensation is $250):
- Compensation: $250
- Related: $0
- Other: $0
- Compensation: $250
- Related: $0
- Other: $0
- Compensation: $250
- Related: $0
- Other: $0
- Compensation: $250
- Related: $0
- Other: $0
- Compensation: $250
- Related: $0
- Other: $0
- Compensation: $250
- Related: $0
- Other: $0
- Compensation: $250
- Related: $0
- Other: $0
Official website here: www.n-d-c.org
Where can I find the form 990 for Neighborhood Development Collaborative?
Neighborhood Development Collaborative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.n-d-c.org
Learn more at the official website: www.n-d-c.org
Mission Statement of Neighborhood Development Collaborative
The Neighborhood Development Collaborative, as its mission statement suggests, is dedicated to the development and redevelopment of affordable housing for low-income families. This organization's primary goal is to provide affordable rental housing for families in need, extending this service to include seniors as well. Furthermore, the Neighborhood Development Collaborative also offers single-family housing options for working-class families, thereby contributing to the provision of affordable housing solutions across various income levels.
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Impact
July, 2024
Neighborhood Development Collaborative's impact is evident in the community of Temple, TX through its crucial role in the development and redevelopment of affordable housing for low-income families. By providing affordable rental housing to low-income families and seniors, as well as offering single-family housing options to working-class families, Neighborhood Development Collaborative is addressing critical housing needs in the area. Their focus on housing initiatives plays a key role in improving the living conditions and stability of vulnerable populations, contributing to a stronger and more inclusive community in Temple.
This information is meant to be a general summary of Neighborhood Development Collaborative. 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: $473,303
- Program Service Revenue: $134,562
- Gross Receipts: $1,312,865
Assets and Liabilities:
- Total Assets: $4,452,838
- Total Liabilities: $1,004,823
- Net Assets: $3,448,015
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER PROPERTY INCOME
Revenue
$134,562
Organization Details
Founding Year
1978
Phone
(254) 773-7400Principal Officer
David P Cole
Main Address
1610 S 31ST ST STE 200, TEMPLE, TX, 76504
Website
www.n-d-c.orgNTEE Category
Code: L20 - Housing
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