Neighborhood Associates Corporation
- Assets
- $6.6m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 20
- Location
- Washington, DC
- Founding
- 11/2004
- Data as of
- 12/2021
- EIN
- 38-3654131
Organization Overview
Neighborhood Associates Corporation is located in Washington, DC. The organization was established in 2004. According to its NTEE Classification (P28) the organization is classified as: Neighborhood Centers, under the broad grouping of Human Services and related organizations. As of 12/2021, Neighborhood Associates Corporation employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood Associates Corporation 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 Associates Corporation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 0.6% 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 IMPROVE URBAN NEIGHBORHOODS BY PROVIDING AFFORDABLE HOUSING AND CITIZEN-BASED PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SUPPORTS THE PRESERVATION AND ACTIVITIES OF LOW AND MODERATE-INCOME HOUSING THROUGH RELEVANT PARTNERSHIPS IN FLORIDA, KENTUCKY, MARYLAND, NORTH CAROLINA, PENNSYLVANIA, VIRGINIA, AND THE DISTRICT OF COLUMBIA
THE ORGANIZATION RESEARCHES THE BEST PRACTICES IN PROGRAMS THAT INCREASE COMMUNITY COHESION AND CIVIC ENGAGEMENT IN URBAN SETTINGS. THESE PROGRAMS ARE DEVELOPED INTO WORKING PILOTS SUCH AS THE FACT PROGRAM WHICH CULTIVATES FAMILY TRUST BUILDING AND ART EDUCATION WITHIN AFFORDABLE HOUSING IN FL, KY, AND NC, AND VOLUNTEER MANAGEMENT AND RESIDENT COUNCIL SUPPORT INITIATIVES IN WASHINGTON DC. THESE PROGRAMS ARE EVALUATED WITH THE GOAL OF REPLICATION AND SUSTAINABILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bobby Austin President/ceo | Officer | 40 | $75,000 |
Marilyn Melkonian Chair | Officer | 2 | $0 |
Robert Hackett Vice Chair | Officer | 1 | $0 |
Ron Grzywinksi Treasurer | Officer | 1 | $0 |
Gloria Cousar Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $110,453 |
| All other contributions, gifts, grants, and similar amounts not included above | $301,706 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $412,159 |
| Total Program Service Revenue | $212,578 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $414,720 |
| 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 | $1,039,457 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $75,000 |
| Other salaries and wages | $287,992 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $105,277 |
| Payroll taxes | $31,255 |
| Fees for services: Management | $20,326 |
| Fees for services: Legal | $883 |
| Fees for services: Accounting | $8,358 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $181,677 |
| Advertising and promotion | $420 |
| Office expenses | $16,400 |
| Information technology | $6,468 |
| Royalties | $0 |
| Occupancy | $99,169 |
| Travel | $961 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $215 |
| Interest | $75,417 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $99,508 |
| Insurance | $37,017 |
| All other expenses | $0 |
| Total functional expenses | $1,171,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $487,328 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $87,624 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $105,690 |
| Net Land, buildings, and equipment | $5,881,542 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,562,184 |
| Accounts payable and accrued expenses | $48,790 |
| Grants payable | $0 |
| Deferred revenue | $50,196 |
| 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 | $5,747,129 |
| Unsecured mortgages and notes payable | $1,383,643 |
| Other liabilities | $0 |
| Total liabilities | $7,229,758 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | -$667,574 |
| Total liabilities and net assets/fund balances | $6,562,184 |
Grants Awarded
Over the last fiscal year, Neighborhood Associates Corporation has awarded $31,610 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Sarasota, FL PURPOSE: Programming for youth | $13,590 |
Wilmington, NC PURPOSE: Youth Programming | $12,090 |
Louisville, KY PURPOSE: Youth Programming | $5,930 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Neighborhood Associates Corporation has recieved totaling $15.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $15 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edlavitch Jewish Community Center Of Washington Dc Inc Washington, DC | $30,315,613 | $12,199,636 |
Facets Cares Inc Fairfax, VA | $2,950,010 | $9,480,895 |
Bender Jcc Of Greater Washington Rockville, MD | $31,256,447 | $8,400,718 |
Jewish Community Center Of Northern Virginia Inc Fairfax, VA | $17,090,138 | $11,960,443 |
Jewish Community Center Richmond, VA | $14,901,544 | $5,956,966 |
Arch Roanoke Roanoke, VA | $1,441,019 | $3,512,669 |
Community Reach Of Montgomery County Inc Rockville, MD | $1,959,612 | $3,622,901 |
Hopkins House-A Center For Children And Their Families Alexandria, VA | $3,040,701 | $2,832,752 |
American Youth Hostels-Chicago Inc Silver Spring, MD | $14,278,845 | $2,184,801 |
Everyone Home Dc Washington, DC | $2,074,790 | $3,220,841 |
St Francis Neighborhood Center Corporation Baltimore, MD | $6,792,069 | $3,144,486 |
Edgewood Community Support Center Inc Edgewood, MD | $522,429 | $1,363,391 |