Neighborhood Development Associates Inc

Analysis

Neighborhood Development Associates Inc is a registered charity in United States, based in Lynn, MA. It received its IRS tax-exemption ruling in April 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Neighborhood Development Associates Inc reported income of $2.9m and spending of $3.0m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $2.9m (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2022, when income rose by 237%. Over the whole period it spent 58% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Neighborhood Development Associates Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include Place ($2.9m), Apostles House ($2.9m) and Neighborworks Southern Colorado ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.5% of the total. Other salaries and wages came to $173k. At year end it held assets of $10.3m against liabilities of $4.4m, net assets of $6.0m.