Neighborhood Development Services Inc
- Assets
- $45.6m
- Revenue
- $17.2m
- Investments
- $0.0
- Employees
- 25
- Location
- Ravenna, OH
- Founding
- 08/1986
- Data as of
- 12/2023
- EIN
- 34-1485111
Organization Overview
Neighborhood Development Services Inc is located in Ravenna, OH. The organization was established in 1986. 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 12/2023, Neighborhood Development Services Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood Development Services 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 12/2023, Neighborhood Development Services Inc generated $17.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $17.1m during the year ending 12/2023. While expenses have increased by 16.6% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO REVITALIZE NEIGHBORHOODS AND COMMUNITIES, PRIMARILY FOR THE BENEFIT OF LOW AND MODERATE-INCOME HOUSEHOLDS THROUGH THE STATEWIDE PROVISION AND / OR PROMOTION OF AFFORDABLE HOUSING, COMMUNITY AND ECONOMIC DEVELOPMENT, JOB CREATION, AND ADDICTION AND RECOVERY SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDABLE HOUSING DEVELOPMENTNDS STRIVES TO CONSTRUCT AND REHABILITATE AFFORDABLE HOUSING THROUGHOUT NORTHEAST OHIO, WEST VIRGINIA, AND MICHIGAN. THIS DEVELOPMENT TARGETS SINGLE FAMILY, MULTI-FAMILY, AND SENIOR HOUSING THROUGHOUT OUR SERVICE AREA.
REVOLVING LOAN FUNDS AND OTHER NDS ADMINISTERS A REVOLVING LOAN FUND AND SERVICES THE SUBSEQUENT LOANS RELATED TO HOUSING ACQUISTION, COMMUNITY DEVELOPMENT, ECONOMIC DEVELOPMENT, AND HOUSING REHABILITATION PROJECTS.OTHER PROJECTSVARIOUS PROJECTS AND PROGRAM SERVICE ACTIVITIES ARE UNDERTAKEN TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE.
HOMEOWNERSHIP PRESERVATION (GRANT CONSULTING AND IMPLEMENTATION OF HOUSING REHAB-GRANTS)NDS ADMINISTERS HOUSING GRANTS FOR SEVERAL COMMUNITIES THROUGHOUT NORTHEAST OHIO. THROUGH THE USE OF GRANT FUNDS, NDS WORKS TO PROVIDE AFFORDABLE SOLUTIONS TO AREA HOMEOWNERS TO REHABILITATE THEIR HOMES, TO HELP IMPROVE THEIR QUALITY OF LIFE, AND IMPROVE THE COMMUNITY'S HOUSING STOCK.
COMMUNITY DEVELOPMENTNDS STRIVES TO PROMOTE COMMUNITY AND ECONOMIC DEVELOPMENT THROUGH MULTI-DISCIPLINE ART AND JOB-CREATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Mills Chair | OfficerTrustee | 1 | $0 |
Renee Booher Vice Chair | OfficerTrustee | 1 | $0 |
Rodney Mishler Treasurer | OfficerTrustee | 1 | $0 |
Barb Wensel Secretary | OfficerTrustee | 1 | $0 |
Heidi Kovach Member | Trustee | 1 | $0 |
Donna Kovolyan Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gulu Electrical Contractors Inc Electrical Subcontractor On Construction | 12/30/23 | $917,435 |
Lake Erie Plumbing Contractors Llc Plumbing Subcontractor On Construction P | 12/30/23 | $657,099 |
Ami Contracting Inc Sitework Subcontractor On Construction P | 12/30/23 | $528,845 |
Ryan Heating & Cooling Inc Hvac Subcontractor On Construction Proje | 12/30/23 | $414,175 |
Peddicord Construction Site Supervision And Carpentry Subcontra | 12/30/23 | $455,716 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,163,803 |
| All other contributions, gifts, grants, and similar amounts not included above | $500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,164,303 |
| Total Program Service Revenue | $15,834,603 |
| Investment income | $66,279 |
| 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 | $17,157,604 |
| 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. | $254,571 |
| Compensation of current officers, directors, key employees. | $34,381 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,019,134 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $563,597 |
| Payroll taxes | $84,235 |
| Fees for services: Management | $126,380 |
| Fees for services: Legal | $6,226 |
| Fees for services: Accounting | $220,435 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $26,885 |
| Office expenses | $551,901 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,115 |
| Travel | $58,443 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $244,069 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $530,914 |
| Insurance | $120,499 |
| All other expenses | $50,704 |
| Total functional expenses | $17,066,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,803,170 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,088,251 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,765,390 |
| Inventories for sale or use | $11,948 |
| Prepaid expenses and deferred charges | $26,823 |
| Net Land, buildings, and equipment | $11,483,323 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $103,839 |
| Other assets | $14,280,061 |
| Total assets | $45,562,805 |
| Accounts payable and accrued expenses | $1,651,585 |
| Grants payable | $0 |
| Deferred revenue | $22,001 |
| 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 | $21,360,864 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,567,775 |
| Total liabilities | $24,602,225 |
| Net assets without donor restrictions | $11,471,355 |
| Net assets with donor restrictions | $9,489,225 |
| 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 | $45,562,805 |