Neighborhood Development Associates Inc
- Assets
- $7.9m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Lynn, MA
- Founding
- 04/1995
- Data as of
- 06/2022
- EIN
- 04-3240183
Organization Overview
Neighborhood Development Associates Inc is located in Lynn, MA. The organization was established in 1995. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood Development Associates Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Neighborhood Development Associates Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 52.4% each year . All expenses for the organization totaled $264.1k during the year ending 06/2022. While expenses have increased by 6.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BLDG HOMES FOR LOW TO MODERATE INCOME BUYERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ACQUIRES PROPERTY THAT IS LOCATED IN LOW-MODERATE INCOME NEIGHBORHOODS THEY BUILD HOMES AND SELL TO LOW INCOME FAMILIES
THE ORGANIZATION ACQUIRES PROPERTY THAT IS LOCATED IN LOW-MODERATE INCOME NEIGHBORHOODS THEY BUILD HOMES AND SELL TO LOW INCOME FAMILIES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wascar Deleon Vice Chairpe | Officer | $0 | |
Richard Burke Clerk | Officer | $0 | |
Christine Newhall Chairperson | Officer | $0 | |
Joseph Scanlon Treasurer | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $780,018 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $780,018 |
| Total Program Service Revenue | $0 |
| Investment income | $1,885 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $62,992 |
| Net Gain/Loss on Asset Sales | $1,369,582 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,444,717 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $25,848 |
| Fees for services: Legal | $28,352 |
| Fees for services: Accounting | $20,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $84 |
| Office expenses | $2,489 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $54,857 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $41,164 |
| All other expenses | $3,241 |
| Total functional expenses | $264,144 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,506,588 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,320 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $858,152 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $842,205 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,708,873 |
| Total assets | $7,920,138 |
| Accounts payable and accrued expenses | $6,749 |
| Grants payable | $0 |
| Deferred revenue | $104,363 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,265,350 |
| Total liabilities | $1,376,462 |
| Net assets without donor restrictions | $6,543,676 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,920,138 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Neighborhood Development Associates Inc has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Boston Foundation Inc Boston, MA PURPOSE: Arts | $50,000 |
Boston Foundation Inc Boston, MA PURPOSE: Arts | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rcap Solutions Inc Worcester, MA | $9,084,523 | $86,440,230 |
Homes For Our Troops Inc Taunton, MA | $32,216,870 | $35,704,270 |
Community Housing Innovations Inc White Plains, NY | $68,684,135 | $30,486,174 |
Educational Housing Services Inc New York, NY | $147,607,496 | $20,918,839 |
Vanderheyden Hall Inc Wynantskill, NY | $10,154,920 | $26,980,074 |
Taylor Home Laconia, NH | $85,135,801 | $21,418,139 |
The Center For New York City New York, NY | $125,177,702 | $23,546,233 |
The Prospect-Woodward Home Keene, NH | $98,470,957 | $10,325,465 |
The Housing Partnership Network Inc Boston, MA | $38,640,476 | $16,875,187 |
Building Homes For Heroes Inc Island Park, NY | $15,491,113 | $13,729,241 |
Taconic Innovations Inc Wappingers Falls, NY | $14,026,966 | $12,196,980 |
The Crenulated Company Ltd New York, NY | $9,182,171 | $10,442,755 |