National Council For Community Development Inc
- Assets
- $46.7m
- Revenue
- $35.9m
- Investments
- $0.0
- Employees
- 102
- Location
- New York, NY
- Founding
- 01/1973
- Data as of
- 12/2022
- EIN
- 13-6532871
Organization Overview
National Council For Community Development Inc, operating under the name The National Development Council, is located in New York, NY. The organization was established in 1973. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, National Development Council employed 102 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Development Council 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 12/2022, National Development Council generated $35.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $31.7m during the year ending 12/2022. While expenses have increased by 12.0% per year over the past 8 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 2016, National Development Council has awarded 2,485 individual grants totaling $32,692,069. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT, INC. DBA (CONT. ON SCHEDULE O) THE NATIONAL DEVELOPMENT COUNCIL (NDC), IS TO CREATE ECONOMIC OPPORTUNITY, AFFORDABLE HOUSING AND TO STRENGTHEN COMMUNITIES IN UNDERSERVED AREAS ACROSS THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENCOURAGE AND FOSTER BUSINESS OWNERSHIP BY MEMBERS OF DISADVANTAGED GROUPS:THROUGH NDC'S ADVISORY SERVICES AND SMALL BUSINESS LENDING UNITS, WE HAVE ASSISTED MORE THAN 35,800 NONPROFITS AND SMALL BUSINESSES OWNED BY DISADVANTAGED INDIVIDUALS OR INDIVIDUALS LOCATED IN LOW-INCOME CENSUS TRACTS ACROSS THE NATION BY PROVIDING SBA GUARANTEED 7A LOANS, SBA GUARANTEED PPP LOANS, COVID RECOVERY GRANTS, NON-GUARANTEED LOANS, TRAINING AND BUSINESS COUNSELING SERVICES. NDC EXTENDED OVER $609 MILLION IN COVID RECOVERY FINANCING IN THE FORM OF GRANTS OR LOANS AT BELOW MARKET INTEREST RATES WITH ATTRACTIVE TERMS. THE BUSINESS COUNSELING SERVICE IS PROVIDED AT NO COST TO THE (CONT. ON SCHEDULE O) SMALL BUSINESSES.
INFORM AND AID COMMUNITIES IN OBTAINING AND UTILIZING GOVERNMENTAL FUNDS FOR SUPPORT OF LOCAL ECONOMIC DEVELOPMENT:NDC CONDUCTS TRAINING AND PROVIDES COUNSELING AND TECHNICAL ASSISTANCE TO DISADVANTAGED COMMUNITIES FOR SUPPORT OF LOCAL ECONOMIC DEVELOPMENT AND COMMUNITY DEVELOPMENT.DURING THE YEAR, NDC WORKED WITH MORE THAN 100 COMMUNITIES PROVIDING TECHNICAL ASSISTANCE AND GUIDANCE IN CARRYING OUT ECONOMIC AND COMMUNITY DEVELOPMENT STRATEGIES, PROGRAMS, PROJECTS, AND DEVELOPING PUBLIC FACILITIES. THROUGH THESE SERVICES, NDC ACHIEVED FINANCING FOR PROJECTS AND PROGRAMS OF MORE THAN $1.5 BILLION, (CONT. ON SCHEDULE O) INCLUSIVE OF GOVERNMENT AND PRIVATE SECTOR FUNDS.
TO PROVIDE HOUSING FOR LOW INCOME INDIVIDUALS AND FAMILIES:NDC CONDUCTS TRAINING AND PROVIDES COUNSELING AND TECHNICAL ASSISTANCE TO DISADVANTAGED COMMUNITIES AND NONPROFIT ORGANIZATIONS IN SUPPORT OF PROVIDING HOUSING FOR LOW-INCOME PERSONS. DURING THE YEAR, NDC WORKED WITH MORE THAN 100 COMMUNITIES AND NONPROFIT ORGANIZATIONS AND PROVIDED TRAINING TO PRACTITIONERS IN HOUSING DEVELOPMENT FOR LOW-INCOME PERSONS AND IN LOW-INCOME COMMUNITIES. IN 2022, EIGHTY-SIX PRACTITIONERS COMPLETED NDC'S HOUSING DEVELOPMENT FINANCE PROFESSIONAL (HDFP) CERTIFICATION SERIES. (CONT. ON SCHEDULE O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Marsh III President & CEO | OfficerTrustee | 44 | $452,944 |
Gary Perlow Board Member | Trustee | 1.85 | $0 |
Jamie Blosser Board Member | Trustee | 1.85 | $0 |
Jessica Costello Secretary | OfficerTrustee | 1.85 | $0 |
Jessica Zimbabwe Board Member | Trustee | 1.85 | $0 |
Patrick Duggan Board Member | Trustee | 1.85 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cohnreznick Llp Auditing And Tax Services | 12/30/22 | $237,539 |
Next Street Financial Llc Business Consulting And Planning | 12/30/22 | $189,906 |
Morgan Lewis & Bockius Llp Legal Services | 12/30/22 | $150,000 |
Dattner Architects Architectual Services | 12/30/22 | $170,576 |
Robinson & Cole Llp Legal Services | 12/30/22 | $133,787 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,686,269 |
| Government grants | $17,136,715 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,443,758 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,266,742 |
| Total Program Service Revenue | $9,444,092 |
| Investment income | $18,951 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $163,308 |
| Net Gain/Loss on Asset Sales | -$36 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,945,507 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,221,198 |
| 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. | $1,183,308 |
| Compensation of current officers, directors, key employees. | $285,520 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,497,963 |
| Pension plan accruals and contributions | $560,371 |
| Other employee benefits | $1,161,964 |
| Payroll taxes | $348,456 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $424,133 |
| Fees for services: Accounting | $310,619 |
| Fees for services: Lobbying | $93,750 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,344,499 |
| Advertising and promotion | $11,000 |
| Office expenses | $410,659 |
| Information technology | $547,782 |
| Royalties | $0 |
| Occupancy | $360,921 |
| Travel | $669,053 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $369,957 |
| Interest | $192,499 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,713 |
| Insurance | $255,710 |
| All other expenses | $67,974 |
| Total functional expenses | $31,712,139 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,303,260 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,838,490 |
| Accounts receivable, net | $9,664,773 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $820,175 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $762,113 |
| Net Land, buildings, and equipment | $541,391 |
| Investments—publicly traded securities | $823,206 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $9,906,718 |
| Other assets | $28,814 |
| Total assets | $46,688,940 |
| Accounts payable and accrued expenses | $1,689,866 |
| Grants payable | $0 |
| Deferred revenue | $9,560,614 |
| 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 | $1,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,839,015 |
| Total liabilities | $28,089,495 |
| Net assets without donor restrictions | $17,948,017 |
| Net assets with donor restrictions | $651,428 |
| 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 | $46,688,940 |
Grants Awarded
Over the last fiscal year, National Council For Community Development Inc has awarded $15,703,720 in support to 1,138 organizations.
| Grant Recipient | Amount |
|---|---|
CDP WASHINGTON LOAN FUND PURPOSE: OPERATING SUPPORT | $611,000 |
NDC COMMUNITY IMPACT LOAN FUND PURPOSE: OPERATING SUPPORT | $500,000 |
GREATER SALT LAKE DEVELOPMENT CORPORATION PURPOSE: OPERATING SUPPORT | $12,000 |
DUNG T TRAN (DBA TAN AND NAIL AND D NAIL) PURPOSE: COVID-19 ASSISTANCE | $5,886 |
VALMOR LLC PURPOSE: COVID-19 ASSISTANCE | $35,775 |
HOT SHOTS ATHLETIC APPAREL INC PURPOSE: COVID-19 ASSISTANCE | $6,400 |