Neighborhood Development Enterprises Inc

Analysis

Neighborhood Development Enterprises Inc is a registered charity in United States, based in Minot, ND. It received its IRS tax-exemption ruling in July 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 December 2023, Neighborhood Development Enterprises Inc reported income of $143k and spending of $147k, spending 103% of its income. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 169% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Neighborhood Development Enterprises Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 37th percentile within ND. Charities of a similar size with the same main cause include Laurel Estates Inc ($143k), Inez Apartments Inc ($143k) and Carbondale Supportive Housing Inc ($143k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $592k against liabilities of $548k, net assets of $44k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.