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Neighborhood Development Corp

Neighborhood Development Corporatio

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 640894608 ✦ Tupelo, MS ✦ Designated as a 501(c)(3)

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Overview

What is Neighborhood Development Corp?

Neighborhood Development Corp, a nonprofit organization based in Tupelo, Mississippi, is committed to revitalizing deteriorating neighborhoods, primarily in Tupelo and Lee County. Their work encompasses education, assistance, and revitalization, aiming to enhance lives and communities. Through various programs and services, they foster residential leadership, increase home ownership for low and moderate income families, and foster a sense of community. Governed by a local board of directors, they collaborate with local, state, and national agencies, as well as private developers, to drive redevelopment efforts. Certified as a Community Development Housing Organization (CHDO) by the Mississippi Development Authority and pending approval as a NeighborWorks Network by NeighborWorksAmerica, Neighborhood Development Corp is positioned to be a significant catalyst in providing affordable housing.


Official website here: www.tupeloms.gov/development/co

Is Neighborhood Development Corp legitimate?

Neighborhood Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Development Corp 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.tupeloms.gov/development/co

What is the mission statement of Neighborhood Development Corp?

The Neighborhood Development Corp, a non-profit and tax-exempt housing organization, is dedicated to revitalizing deteriorating neighborhoods. Its mission encompasses education, assistance, and revitalization, with a focus on developing residential leadership, increasing home ownership for low and moderate income families, and fostering community building. Governed by a local board of directors, the organization collaborates with various agencies, organizations, and private developers to promote redevelopment efforts. Certified as a Community Development Housing Organization (CHDO) by the Mississippi Development Authority, and pending approval as a NeighborWorks Network by NeighborWorksAmerica, the Neighborhood Development Corp is poised to serve as a strong catalyst in providing affordable housing.


Official website here: www.tupeloms.gov/development/co

Who is the CEO of Neighborhood Development Corp?

Richard E Alvarez is the Treasurer of Neighborhood Development Corp.


Official website here: www.tupeloms.gov/development/co

What is the revenue of Neighborhood Development Corp?

Neighborhood Development Corp's revenue in 2022 was -$8,635.


Official website here: www.tupeloms.gov/development/co

Who are the executives of Neighborhood Development Corp and what are their salaries?


Here are 16 key members and their salaries:


Richard E Alvarez (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Coggin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Traci Davis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pat Falkner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Louis C Marascalco Iii (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff King (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Duke Loden (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mendy Lovern (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charl Mccloud (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carter Naugher (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Rogers (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ketra Ruff (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ellen Short (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Summer Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Taylor (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Taylor (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.tupeloms.gov/development/co

Where can I find the form 990 for Neighborhood Development Corp?

Neighborhood Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.tupeloms.gov/development/co

Learn more at the official website: www.tupeloms.gov/development/co

Mission Statement of Neighborhood Development Corp

Neighborhood Development Corp, a non-profit, tax-exempt housing organization, is dedicated to revitalizing deteriorating neighborhoods in Lee County, with a focus on education, assistance, and revitalization. Their mission involves promoting the redevelopment of these areas, fostering residential leadership, and increasing home ownership for low and moderate income families. By partnering with local, state, and national agencies, organizations, and private developers, Neighborhood Development Corp is able to strengthen its efforts in neighborhood redevelopment. The organization is certified as a Community Development Housing Organization (CHDO) by the Mississippi Development Authority and is pending approval as a NeighborWorks Network by NeighborWorksAmerica, positioning itself as a strong catalyst in the provision of affordable housing.

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Impact




October, 2024

Neighborhood Development Corporation (NDC) significantly impacts the community by spearheading the redevelopment of deteriorating neighborhoods in Tupelo and Lee County. Through initiatives focused on education, assistance, and revitalization, NDC plays a crucial role in transforming lives and neighborhoods.

By sponsoring homebuyer education and financial management classes, NDC empowers residents with the knowledge and skills needed to achieve homeownership, particularly among low and moderate-income families. Their commitment to community development includes fostering residential leadership, which strengthens community ties and collective action.

NDC actively partners with local neighborhood associations and governmental bodies, as demonstrated by their designation as a key player in the Neighborhood Revitalization Project on West Jackson Street. Their efforts in acquiring and demolishing distressed properties pave the way for new development, enhancing the housing landscape with affordably priced lots available to local developers.

As a certified Community Development Housing Organization (CHDO), and in alignment with national standards, NDC is poised to be a strong catalyst for affordable housing solutions, ultimately promoting healthier, more vibrant communities in the region.




This information is meant to be a general summary of Neighborhood Development Corp. 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.

Revenue
-$8,635 (2022)
Expenses
$399,488 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$28,635
  • Gross Receipts: $34,763

Assets and Liabilities:

  • Total Assets: $1,034,646
  • Total Liabilities: $0
  • Net Assets: $1,034,646

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Organization Details

Principal Officer

Richard E Alvarez

Main Address

PO BOX 782, TUPELO, MS, 38802

NTEE Category

Code: L20 - Housing

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