East Side Neighborhood Development Company Inc
- Assets
- $940.8k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 5
- Location
- Saint Paul, MN
- Founding
- 03/1980
- Data as of
- 12/2023
- EIN
- 41-1367503
Organization Overview
East Side Neighborhood Development Company Inc is located in Saint Paul, MN. The organization was established in 1980. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, East Side Neighborhood Development Company Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Side Neighborhood Development Company 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, East Side Neighborhood Development Company Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. 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 CREATE WEALTH AND WELL-BEING IN A THRIVING AND ENGAGED MULTI-CULTURAL NEIGHBORHOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING DEVELOPMENT (HEALTH & SAFETY) - LEADSAFE MN - ESNDC PROVIDED SWAB TEAM SERVICES AND LEAD EDUCATION IN HOUSEHOLDS THAT HAVE TOXIC LEAD EXPOSURE. IN 2023 ESNDC PRESENTED 19 VIRTUAL AND IN-PERSON EDUCATIONAL SESSIONS TO RAISE AWARENESS ABOUT THE DANGERS OF LEAD POISONING AND OTHER HOUSEHOLD HAZARDS. WE CONDUCTED 91 IN-HOME VISITS AND ASSESSMENTS, TESTED 97 CHILDREN FOR ELEVATED BLOOD LEAD LEVELS AND TESTED 8 PREGNANT MOTHERS. OUR REMEDIATION EFFORTS INCLUDED 62 REFERRALS TO RAMSEY COUNTY ENVIRONMENTAL HEALTH FOR WINDOW REPLACEMENT PROJECTS AND COMPLETED 29 CLEAN-UP AND ENCAPSULATION SWABS TO MAKE HOMES SAFER FOR FAMILIES.
COMMERCIAL DEVELOPMENT. ESNDC WAS ONE OF FOUR ORGANIZATIONS IN ST. PAUL SELECTED TO IMPLEMENT THE EAST METRO MAIN STREET ECONOMIC REVITALIZATION PROGRAM. THE BUSINESS INVESTMENT FUND (BIF) SUPPORTED SIX REHABILITATION PROJECTS. OF THESE, 92% ARE BIPOC-OWNED BUSINESSES. FOUR ARE NEW BUSINESSES THAT PLAN TO CREATE 14 JOBS AND TWO ARE EXISTING BUSINESSES WHERE EIGHT JOBS HAVE BEEN RETAINED. IN ALL, OWNERS' INVESTMENTS TOTALING $3,374,278 (INCLUDING ACQUISITION) WERE MADE, REPRESENTING 75% OF TOTAL DEVELOPMENT COSTS. OWNERS MATCHED AN AVERAGE OF $13.62 FOR EVERY DOLLAR THAT ESNDC INVESTED. BIPOC CONTRACTORS WERE AWARDED $333,280 IN CONSTRUCTION CONTRACTS. THE EAST COMMUNITY FUND (ECF) WAS DEVELOPED TO PROVIDE ACCESS TO WORKING CAPITAL FOR BIPOC BUSINESSES, WITH A FOCUS ON BLACK-OWNED ENTERPRISES ON ST. PAUL'S EAST SIDE. IN 2023, WE ADDED A "GRANT" COMPONENT TO THE LOAN POOL FOR BUSINESSES APPLYING FOR THE EAST METRO MAIN STREET ECONOMIC REVITALIZATION PROGRAM, WHICH REQUIRED MATCHING FUNDS TO ACCESS STATE FUNDS. TO DATE THE NEW ECF PROGRAM HAS CLOSED ON 4 LOANS TOTALING $101,000 AND 9 GRANTS TOTALING $184,000.
COMMUNITY ENGAGEMENT THE BLACK BUSINESS NETWORK, POWERED BY THE EAST SIDE, KICKED OFF THE NEW YEAR 2023 WITH A MEET-AND-GREET SOCIAL EVENT AT MINNESOTA MUSIC CAF. IN THE SPRING, THEY HELD A PANEL DISCUSSION WITH LOCAL ELECTED OFFICIALS AND DISTRICT COUNCIL REPRESENTATIVES AND PARTICIPATED IN THE EARTH DAY CLEAN-UP FOR THE PAYNE-ARCADE COMMERCIAL CORRIDOR. THEY HOSTED A JUNETEENTH BARBECUE, A SUMMER SESSION ABOUT WRITING BUSINESS PLANS, AND A PRESENTATION ON FINANCING, BUSINESS CREDIT AND UNDERSTANDING FINANCIAL INSTITUTIONS. IN NOVEMBER, THEY SPONSORED A TURKEY GIVEAWAY FOR OUR LOW-INCOME COMMUNITY MEMBERS. ESNDC AND LEDC (ES PARTNERS) RETAINED NEOO PARTNERS TO STUDY ECONOMIC CONDITIONS ON ST. PAUL'S EAST SIDE AND ANALYZE THE FEASIBILITY OF COMMERCIAL REAL ESTATE DEVELOPMENT IN TWO NEIGHBORHOODS, DAYTON'S BLUFF AND PAYNE-PHALEN. NEOO WORKED WITH COMMUNITY MEMBERS WHO SERVED ON A STEERING COMMITTEE TO COMPLETE THE FOLLOWING OBJECTIVES: (1) DEFINE GEOGRAPHICAL BOUNDARIES FOR AREAS OF THE EAST SIDE WHERE THE UNDER-SUPPLY OF RESOURCES IS MOST PRONOUNCED AND COMPARE FINDING WITH OTHER COMMERCIAL AREAS IN SAINT PAUL; (2) PRIORITIZE REDEVELOPMENT OPPORTUNITY SITES BY EXAMINING DIFFERENT VARIABLES; (3) ANALYZE CASE STUDIES TO UNDERSTAND THE STRATEGIES DEPLOYED BY COMPARABLE COMMUNITIES TO CONTEST DISINVESTMENT AND DISPLACEMENT; (4) ENGAGE WITH SMALL BUSINESSES TO GAIN THEIR PERSPECTIVES ON COMMUNITY DEVELOPMENT; (5) RECOMMEND STRATEGIES TO ADDRESS THE CHALLENGES FACED BY NONPROFITS AND SMALL BUSINESSES OPERATING ON THE EAST SIDE. A FULL REPORT CAN BE FOUND ON ESNDC'S WEBSITE WWW.ESNDC.ORG
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shateka Flowers President | OfficerTrustee | 2 | $0 |
Darrell Beauford Treasurer | OfficerTrustee | 1 | $0 |
Rebecca Nelson Secretary | OfficerTrustee | 1 | $0 |
Juan Linares Director | Trustee | 1 | $0 |
Danette Allrich Director | Trustee | 1 | $0 |
Thomas Burke Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $518,027 |
| All other contributions, gifts, grants, and similar amounts not included above | $686,617 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,204,644 |
| Total Program Service Revenue | $99,282 |
| Investment income | $3,117 |
| 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 | $1,307,043 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $163,533 |
| 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. | $99,220 |
| Compensation of current officers, directors, key employees. | $14,883 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $181,426 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,065 |
| Payroll taxes | $21,436 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,978 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $222,515 |
| Advertising and promotion | $0 |
| Office expenses | $8,705 |
| Information technology | $24,089 |
| Royalties | $0 |
| Occupancy | $18,240 |
| Travel | $11,332 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $249 |
| Interest | $746 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $17,733 |
| All other expenses | $0 |
| Total functional expenses | $1,059,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $695,197 |
| Savings and temporary cash investments | $1 |
| Pledges and grants receivable | $111,933 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $65,478 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $44,513 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,641 |
| Total assets | $940,763 |
| Accounts payable and accrued expenses | $22,741 |
| 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 | $40,475 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $27,385 |
| Total liabilities | $90,601 |
| Net assets without donor restrictions | $482,075 |
| Net assets with donor restrictions | $368,087 |
| 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 | $940,763 |
Grants Awarded
Over the last fiscal year, East Side Neighborhood Development Company Inc has awarded $158,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SWEDE HOLLOW CAFE PURPOSE: CAPITAL PROJECTS ASSISTANCE | $37,000 |
BYMORE MERCADO PURPOSE: CAPITAL PROJECTS ASSISTANCE | $10,000 |
FAMILY FOODS MARKET PURPOSE: CAPITAL PROJECTS ASSISTANCE | $50,000 |
CHECKER BOARD PIZZA PURPOSE: CAPITAL PROJECTS ASSISTANCE | $11,500 |
ITS A WRAP HAIR STUDIO PURPOSE: CAPITAL PROJECTS ASSISTANCE | $25,000 |
FAR EAST RESTAURANT PURPOSE: CAPITAL PROJECTS ASSISTANCE | $24,500 |