Overview
What is Neighborhood Economic Development Corporation?
The Neighborhood Economic Development Corporation (NEDCO) is a certified community development financial institution situated in Mesa, Arizona. With a mission to stimulate economic growth in low-to-moderate income neighborhoods, NEDCO offers business loans, training, technical assistance, and financial support within its community. NEDCO collaborates with local municipalities, businesses, developers, and other institutions to achieve community development objectives in the metropolitan area. By providing these financial resources, NEDCO aims to create employment opportunities for individuals with modest incomes.
Official website here: www.turnanewleaf.org
Is Neighborhood Economic Development Corporation legitimate?
Neighborhood Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Economic 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,896
For more financial information, click here
Official website here: www.turnanewleaf.org
What is the mission statement of Neighborhood Economic Development Corporation?
The Neighborhood Economic Development Corporation, functioning as a certified community development financial institution, is dedicated to financing economic development initiatives in low-to-moderate income neighborhoods. Its primary objective is to provide business loans, training, technical assistance, and financial support within targeted areas of the community. The corporation collaborates and partners with local municipalities, businesses, developers, and other institutions to meet community development goals. This funding has proven successful in creating employment opportunities for individuals with lower to moderate incomes.
Official website here: www.turnanewleaf.org
Who is the CEO of Neighborhood Economic Development Corporation?
Michael Hughes is the Chief Executive Officer of Neighborhood Economic Development Corporation. The CEO's salary of Neighborhood Economic Development Corporation is $0 and their total compensation is $276,540.
Official website here: www.turnanewleaf.org
What is the revenue of Neighborhood Economic Development Corporation?
Neighborhood Economic Development Corporation's revenue in 2022 was $249,787.
Official website here: www.turnanewleaf.org
Who are the executives of Neighborhood Economic Development Corporation and what are their salaries?
There 31 volunteers at Neighborhood Economic Development Corporation.
Here are 36 key members and their salaries (Neighborhood Economic Development Corporation's CEO's salary is $0 and their total compensation is $276,540):
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- Related: $266,496
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- Related: $114,107
- Other: $15,529
Official website here: www.turnanewleaf.org
Where can I find the form 990 for Neighborhood Economic Development Corporation?
Neighborhood Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.turnanewleaf.org
Learn more at the official website: www.turnanewleaf.org
Mission Statement of Neighborhood Economic Development Corporation
The Neighborhood Economic Development Corporation, a certified Community Development Financial Institution, is dedicated to financing economic development initiatives in low and moderate-income neighborhoods across Arizona. Their mission is to provide business loans, training, technical assistance, and financial support within these communities, aiming to create employment opportunities for individuals with limited financial resources. The organization collaborates with local municipalities, businesses, developers, and other institutions to meet community development goals in the metropolitan area. Their funding efforts have proven successful in this regard, contributing to the overall growth and prosperity of these neighborhoods.
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Impact
October, 2024
Neighborhood Economic Development Corporation (NEDCO) significantly impacts low and moderate-income neighborhoods in Arizona by financing economic development initiatives that foster community improvement. It operates as a certified Community Development Financial Institution (CDFI), providing essential business loans, training, technical assistance, and financial support to empower local entrepreneurs and businesses.
Through strategic collaborations with local municipalities, businesses, developers, and other institutions, NEDCO effectively addresses the unique challenges faced by targeted areas in the metro area. The initiatives funded by NEDCO have proven successful in creating meaningful employment opportunities for individuals from low to moderate-income backgrounds, thus enhancing economic stability and growth within these communities. Overall, NEDCO's commitment to economic development contributes to the revitalization and strengthening of neighborhoods, ensuring a more prosperous future for residents.
This information is meant to be a general summary of Neighborhood Economic 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.
- Investment Income: $1,945
- Gross Receipts: $249,787
Assets and Liabilities:
- Total Assets: $155,342
- Total Liabilities: $198,255
- Net Assets: -$42,913
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Organization Details
Founding Year
1997
Phone
(480) 969-4024Principal Officer
Michael Hughes
Main Address
868 EAST UNIVERSITY DRIVE, MESA, AZ, 85203
Website
www.turnanewleaf.orgNTEE Category
Code: S31 - Community improvement
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