Neighborhood Community Development Fund
- Assets
- $15.2m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 12
- Location
- Pittsburgh, PA
- Founding
- 05/2000
- Data as of
- 12/2022
- EIN
- 25-1855490
Organization Overview
Neighborhood Community Development Fund is located in Pittsburgh, PA. The organization was established in 2000. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Neighborhood Community Development Fund employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood Community Development Fund 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, Neighborhood Community Development Fund generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 14.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE COMMUNITY DEVELOPMENT THROUGH PROVIDING AN ARRAY OF FINANCIAL PRODUCTS AND TECHNICAL ASSISTANCE SERVICES FOR NEIGHBORHOOD BUSINESSES AND REAL ESTATE WITHIN ALLEGHENY COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCING TO BUSINESSES AND COMMUNITY DEVELOPMENT REAL ESTATE PROJECTS IN LOW TO MODERATE INCOME NEIGHBORHOODS AND RELATED SERVICES.
THE NORTHSIDE CHRONICLE'S PURPOSE IS TO PUBLISH A MONTHLY COMMUNITY NEWSPAPER DEVOTED TO THE NORTHSIDE AREA OF PITTSBURGH, PENNSYLVANIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Masterson Executive Di | Officer | 40 | $170,000 |
Joanna Deming Board Member | Trustee | 1 | $0 |
Thomas M Despres Treasurer | OfficerTrustee | 2 | $0 |
Margaret Eldridge Board Member | Trustee | 1 | $0 |
Dana Fruzynski Board Member | Trustee | 1 | $0 |
Walter Nalducci Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $516,078 |
| All other contributions, gifts, grants, and similar amounts not included above | $987,547 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,503,625 |
| Total Program Service Revenue | $443,864 |
| Investment income | $1,880 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,648 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,987,923 |
| 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. | $189,283 |
| Compensation of current officers, directors, key employees. | $9,464 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $554,166 |
| Pension plan accruals and contributions | $14,864 |
| Other employee benefits | $84,697 |
| Payroll taxes | $61,604 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,364 |
| Fees for services: Accounting | $71,640 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,255 |
| Advertising and promotion | $243,825 |
| Office expenses | $39,973 |
| Information technology | $9,600 |
| Royalties | $0 |
| Occupancy | $25,617 |
| Travel | $899 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,332 |
| Interest | $179,882 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,253 |
| Insurance | $18,379 |
| All other expenses | $0 |
| Total functional expenses | $1,685,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,596,970 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $650,911 |
| Accounts receivable, net | $333,754 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,316,430 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $22,393 |
| Net Land, buildings, and equipment | $141,396 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $117,855 |
| Total assets | $15,179,709 |
| Accounts payable and accrued expenses | $132,287 |
| 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 | $6,966,683 |
| Unsecured mortgages and notes payable | $2,150,885 |
| Other liabilities | $178,416 |
| Total liabilities | $9,428,271 |
| Net assets without donor restrictions | $5,524,224 |
| Net assets with donor restrictions | $227,214 |
| 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 | $15,179,709 |