Neighborhood Community Development Fund
- Assets
- $10.6m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 9
- Location
- Pittsburgh, PA
- Founding
- 05/2000
- Data as of
- 12/2021
- 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 12/2021, Neighborhood Community Development Fund employed 9 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 12/2021, Neighborhood Community Development Fund generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 8.4% 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
2021
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. REVENUE RELATED TO THIS PROGRAM COMES FROM A FOR PROFIT ENTITY CONTROLLED BY THE ORGANIZATION AND AS SUCH IS INCLUDED ON PAGE 1 LINE 7A.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Masterson Executive Director | Officer | 40 | $130,000 |
Thomas M Despres Treasurer | OfficerTrustee | 0.5 | $0 |
Walter Nalducci Chair | OfficerTrustee | 0.5 | $0 |
Karen Wiles Vice Chair | OfficerTrustee | 0.5 | $0 |
Alan D Perry Secretary | OfficerTrustee | 0.5 | $0 |
Bobby Wilson Board Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,394,214 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,653 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,439,867 |
| Total Program Service Revenue | $170,688 |
| Investment income | $223,149 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,834,104 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500 |
| 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. | $146,500 |
| Compensation of current officers, directors, key employees. | $4,140 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $349,377 |
| Pension plan accruals and contributions | $13,043 |
| Other employee benefits | $52,901 |
| Payroll taxes | $37,735 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,178 |
| Fees for services: Accounting | $41,332 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,459 |
| Advertising and promotion | $65,038 |
| Office expenses | $39,562 |
| Information technology | $23,338 |
| Royalties | $0 |
| Occupancy | $39,991 |
| Travel | $1,336 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $319 |
| Interest | $118,850 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $17,704 |
| All other expenses | $18,980 |
| Total functional expenses | $1,013,143 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,722,786 |
| Savings and temporary cash investments | $794,690 |
| Pledges and grants receivable | $205,886 |
| Accounts receivable, net | $90,904 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,399,804 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,216 |
| Net Land, buildings, and equipment | $76,492 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $294,134 |
| Total assets | $10,587,912 |
| Accounts payable and accrued expenses | $106,212 |
| 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 | $4,808,104 |
| Unsecured mortgages and notes payable | $155,645 |
| Other liabilities | $69,065 |
| Total liabilities | $5,139,026 |
| Net assets without donor restrictions | $5,392,535 |
| Net assets with donor restrictions | $56,351 |
| 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 | $10,587,912 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Neighborhood Community Development Fund has recieved totaling $896,421.
| Awarding Organization | Amount |
|---|---|
Pennsylvania Microenterprise Coalition Philadelphia, PA PURPOSE: LOAN AND DEBT RELIEF | $846,421 |
Opportunity Finance Network Philadelphia, PA PURPOSE: COVID-19 GRANT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
34th Street Partnership Inc New York, NY | $17,652,180 | $14,359,330 |
Grand Central Partnership Inc New York, NY | $10,906,247 | $13,880,529 |
Pennsylvania Compensation Rating Bureau Philadelphia, PA | $10,444,965 | $13,500,527 |
Greenpoint Manufacturing And Design Center Local Development Corp Gmdc Brooklyn, NY | $54,916,417 | $14,539,539 |
Can Do Inc Hazleton, PA | $88,120,031 | $19,938,198 |
York County Economic Alliance York, PA | $4,435,375 | $9,671,986 |
Ascendus Inc New York, NY | $45,777,812 | $14,588,685 |
Bridgeway Capital Inc Pittsburgh, PA | $100,800,088 | $11,446,748 |
Altoona-Blair County Development Corporation Altoona, PA | $122,969,142 | $33,416,279 |
Greater Wilkes-Barre Industrial Fund Inc Wilkesbarre, PA | $1,685,287 | $7,409,722 |
Broad Hollow Bioscience Park Inc Farmingdale, NY | $30,625,721 | $3,689,454 |
Better Business Bureau Of Metropolitan New York Inc New York, NY | $2,973,168 | $5,685,810 |