Neighborhood Development Corp

Analysis

Neighborhood Development Corp is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in July 2000, 26 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 Corp reported income of $5.3m and spending of $2.7m, leaving 50% of income unspent that year. The sharpest change came in the year to December 2023, when income rose by 188%. Over the whole period it spent 71% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Neighborhood Development Corp sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within IA. Charities of a similar size with the same main cause include New Pisgah Haven Homes ($5.3m), Burten Bell Carr Development Inc ($5.3m) and Rebuilding Together Pittsburgh ($5.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $290k (11% of expenses). Other salaries and wages came to $74k. At year end it held assets of $10.9m against liabilities of $5.5m, net assets of $5.4m. It reported 3 employees.