Neighborhood Development Corporation

Analysis

Neighborhood Development Corporation is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in October 2018, 8 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Neighborhood Development Corporation reported income of $113k and spending of $3,474, leaving 97% of income unspent that year. Over the whole period it spent 3.1% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Neighborhood Development Corporation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within KY. Charities of a similar size with the same main cause include Mosaic Development Inc ($113k), Help Me Care and Board ($113k) and Aiken County Residential Services Inc ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $110k against liabilities of $0, net assets of $110k.