Neighborhood Development Enterprises Inc
- Assets
- $37.2k
- Revenue
- -$170.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Minot, ND
- Founding
- 07/1995
- Data as of
- 12/2019
- EIN
- 36-4029492
Organization Overview
Neighborhood Development Enterprises Inc is located in Minot, ND. The organization was established in 1995. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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 Enterprises Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
CREATION OF HOUSING OPPORTUNITIES FOR LOWER INCOME FAMILIES AND TO ASSIST IN THE DEVELOPMENT OF FACILITIES THAT BENEFIT THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING AFFORDABLE RENTAL HOUSING TO LOW-INCOME FAMILIES IN NORTH DAKOTA AND ASSISTING IN THE CREATION OF NEW HOUSING FACILITIES THAT BENEFIT THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Primeau Vice President | OfficerTrustee | 1 | $0 |
Mike Lucy President | OfficerTrustee | 1 | $0 |
Neil Scharpe Board Member | Trustee | 1 | $0 |
Tom Pearson Board Member | Trustee | 1 | $0 |
Shannon Conroy Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Big M Construction Construction | 12/30/15 | $434,514 |
Minot Housing Authority Management Service | 12/30/15 | $110,592 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,100 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$178,552 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$170,628 |
| 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 | $140 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $970 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $25 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $997 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,904 |
| Insurance | $1,818 |
| All other expenses | $0 |
| Total functional expenses | $10,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,229 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,999 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $37,228 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $37,228 |
| 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 | $37,228 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Neighborhood Development Enterprises Inc has recieved totaling $8,850.
| Awarding Organization | Amount |
|---|---|
Great Plains Food Bank Fargo, ND PURPOSE: To provide food pantries with food to distribute to individuals | $8,850 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Home And Community Options Inc Winona, MN | $11,542,509 | $9,788,629 |
Phm New Richmond Senior Housing Inc Roseville, MN | $18,158,628 | $8,376,438 |
Greater Minnesota Housing Fund St Paul, MN | $209,115,546 | $19,170,053 |
American Indian Community Development Corporation Minneapolis, MN | $37,892,319 | $10,832,403 |
Phw Menomonee Falls Inc Roseville, MN | $45,125,918 | $7,810,658 |
Residential Support Services Billings, MT | $5,433,049 | $8,172,054 |
Housing Alternatives Development Company Deephaven, MN | $21,981,547 | $6,818,305 |
Riverton Community Housing Minneapolis, MN | $52,152,152 | $6,167,785 |
Hadc Ridgeway Deephaven, MN | $7,093,558 | $4,188,248 |
Community Asset Foundation Chaska, MN | $13,869,790 | $4,083,929 |
Epiphany Senior Citizens Housing Corporation Coon Rapids, MN | $15,750,166 | $5,459,574 |
Seven Corners Community Housing Corporation Minneapolis, MN | $9,179,603 | $3,192,447 |