The Neighborhood Developers Inc

Organization Overview

The Neighborhood Developers Inc is located in Chelsea, MA. The organization was established in 1979. 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 Developers 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 12/2021, Neighborhood Developers Inc generated $8.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $7.2m during the year ending 12/2021. While expenses have increased by 3.8% 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.

Since 2017, Neighborhood Developers Inc has awarded 25 individual grants totaling $970,589. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE NEIGHBORHOOD DEVELOPERS, INC. (TND) IS TO CREATE STRONG NEIGHBORHOODS ENABLING COMMUNITY MEMBERS TO SECURE A STABLE HOME, ACHIEVE ECONOMIC MOBILITY,AND DETERMINE THEIR OWN FUTURE. TND EMPLOYS FOUR INVESTMENT STRATEGIES TO BUILD STRONG AND JUST NEIGHBORHOODS: REAL ESTATE DEVELOPMENT TO EXPAND AFFORDABLE HOUSING INVENTORY AND BUILD EQUITABLE NEIGHBORHOODS; COMMUNITY BUILDING TO FOSTER LEADERSHIP DEVELOPMENT IN ORGANIZING FOR SELF ADVOCACY; FINANCIAL CAPABILITIES AND WORKFORCE DEVELOPMENT TO INCREASE FAMILY PROSPERITY, DELIVERED IN COLLABORATION WITH OUR CONNECT PARTNERS; AND RESIDENT SERVICES, SO THAT THE RESIDENTS OF TND PROPERTIES SUCCEED AT HOME, SCHOOL, WORK AND IN THE COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RENTAL PROPERTIES - THE RENTAL PROPERTIES THROUGH 2021, TND OWNED AND MANAGED 539 RESIDENTIAL APARTMENTS THAT PROVIDE AN AFFORDABLE HOME FOR LOW-AND-MODERATE-INCOME INDIVIDUALS AND FAMILIES. A THIRD PARTY VENDOR, WINN RESIDENTIAL, PROVIDES PROPERTY MANAGEMENT SERVICES ON OUR BEHALF AND WORKS CLOSELY WITH TND'S RESIDENT SERVICES AND ASSET MANAGEMENT TEAMS TO ENSURE THAT OUR PROPERTIES PROVIDE RESIDENTS WITH A HIGH-QUALITY AFFORDABLE HOME. TND'S PROPERTIES ALSO INCLUDE SEVEN COMMERCIAL SPACES, PROVIDING AFFORDABLE RENTS FOR CHELSEA BUSINESSES.


CONNECT - THE CONNECT PROGRAM SUPPORTS LOW-INCOME INDIVIDUALS AND FAMILIES TO STABILIZE, MANAGE, AND GROW THEIR HOUSEHOLD INCOME THROUGH FINANCIAL CAPABILITY, WORKFORCE DEVELOPMENT, AND HOUSING AND INCOME STABILIZATION PROGRAMMING. IN 2020, WITHIN TWO WEEKS OF THE STATE'S PANDEMIC CLOSURE, CONNECT LAUNCHED A NEW RESOURCE HOTLINE TO HELP THOSE THAT LOST WORK TO ACCESS UNEMPLOYMENT SUPPORT, SNAP FOOD BENEFITS, AND RENTAL ASSISTANCE.


REAL ESTATE DEVELOPMENT - THE REAL ESTATE DEVELOPMENT PROGRAM PRODUCES AND PRESERVES AFFORDABLE AND MIXED INCOME MULTI-FAMILY RENTAL PROPERTIES AND HOMES FOR SALE. THE HOMES THAT TND PRODUCES PRIMARILY BENEFIT LOW-INCOME HOUSEHOLDS EARNING 60% OR LESS OF THE AREA MEDIAN INCOME. TND HAS A GOAL TO BUILD OR PRESERVE 325 HOMES BETWEEN 2020 AND 2024. THROUGH 2021, TND HAS PRODUCED 110 HOMES AND HAS 149 MORE HOMES IN DEVELOPMENT.


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Board, Officers & Key Employees

Name (title)Compensation
Rafael Mares
Executive Director
$168,000
Kristen Janjar
Secretary
$0
Peter Hollands
Vice President
$0
Alice Murillo
President
$0
Charlene Bauer
Treasurer
$0
Leslie Adrich
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Opportunity Communities Llc
Management Services
$3,446,404
Insperity
Hr Consulting Services
$232,061
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$300,795
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,620,234
All other contributions, gifts, grants, and similar amounts not included above$2,485,675
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$4,406,704
Total Program Service Revenue$3,199,827
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $324,000
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,961,454

Grants Awarded

Over the last fiscal year, The Neighborhood Developers Inc has awarded $167,017 in support to 6 organizations.

Grant RecipientAmount

Chelsea, MA

PURPOSE: FUND TO HELP LA COLLABORATIVA OBTAIN A RAFT SPECIALIST

$52,918

Boston, MA

PURPOSE: GRANT FOR IT TRAINING AND JOB PLACEMENT

$32,000

METRO HOUSING BOSTON

Org PageRecipient Profile

Boston, MA

PURPOSE: HOUSING COUNSELING AND SUPPORTIVE SERVICE DURING THE HEALTH STARTS AT HOME PROJECT

$30,659

INTERNATIONAL INSTITUTE OF NEW ENGLAND INC

Org PageRecipient Profile

Boston, MA

PURPOSE: TO ADVANCE THE WORKFORCE NEEDS OF UNDERSERVED POPULATIONS IN CHELSEA AND REVERE

$28,000

REVERE COMMUNITY SCHOOL

PURPOSE: TO HELP STUDENTS PAY FOR CLASSES AT REVERE COMMUNITY SCHOOL

$12,152

WOMEN ENCOURAGING EMPOWERMENT INC

PURPOSE: TO PAY FOR TEACHERS SALARY AS PART OF THE URBAN AGENDA GRANT

$11,288
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 13 grants that The Neighborhood Developers Inc has recieved totaling $656,309.

Awarding OrganizationAmount
New Venture Fund

Washington, DC

PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY

$330,000
Metro North Regional Employment Board

Cambridge, MA

PURPOSE: JOB TRAINING & PLACE

$54,362
Charlesbank Homes

Framingham, MA

PURPOSE: CONSTRUCTION

$50,000
George H & Jane A Mifflin Memorial Fund

Boston, MA

PURPOSE: 2022 AFFORDABLE HOUSING

$50,000
Cambridge Savings Charitable Foundation Inc

Cambridge, MA

PURPOSE: EXEMPT PURPOSE

$50,000
Lincoln And Therese Filene Foundation Inc

Boston, MA

PURPOSE: CONNECT'S ONE-ON-ONE FINANCIAL COACHING PROGRAM

$40,000
View Grant Recipient Profile

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