Neighborhood Development Center Inc

Organization Overview

Neighborhood Development Center Inc is located in Saint Paul, MN. The organization was established in 1993. According to its NTEE Classification (P21) the organization is classified as: American Red Cross, under the broad grouping of Human Services and related organizations. As of 12/2022, Neighborhood Development Center Inc employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood Development Center 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 12/2022, Neighborhood Development Center Inc generated $11.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $11.9m during the year ending 12/2022. While expenses have increased by 18.0% 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.

Since 2020, Neighborhood Development Center Inc has awarded 532 individual grants totaling $6,444,687. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO EMPOWER ENTREPRENEURS AND COMMUNITY PARTNERS TO TRANSFORM LOW-INCOME NEIGHBORHOOD ECONOMIES FROM WITHIN.

Describe the Organization's Program Activity:

Part 3 - Line 4a

REAL ESTATE DEVELOPMENT INITIATIVE PROGRAM - ENCOURAGES NEIGHBORHOOD REVITALIZATION, PROPERTY OWNERSHIP, AND BUSINESS OWNERSHIP BY ENTREPRENEURS WITHIN SPECIFIC PRIORITY LOW-INCOME NEIGHBORHOODS.


ENTREPRENEUR TRAINING PROGRAM - OFFERS WEEKLY SESSIONS WHICH TRAIN PARTICIPANTS TO OWN AND OPERATE THEIR OWN BUSINESSES. BY THE END OF THE TRAINING SESSION, PARTICIPANTS WILL HAVE DEVELOPED A BUSINESS PLAN AND HAVE HAD INDIVIDUAL SESSIONS WITH A PROFESSIONAL TRAINING CONSULTANT. NDC WORKS WITH NEIGHBORHOOD PARTNERS TO ENHANCE THEIR CAPACITY TO CREATE AND CONDUCT ECONOMIC DEVELOPMENT INITIATIVES WITHIN THEIR OWN COMMUNITIES. IN 2022, NDC AND ITS NEIGHBORHOOD PARTNERS OFFERED 19 ENTREPRENEUR TRAINING CLASSES TO 213 ENROLLED ASPIRING ENTREPRENEURS FROM VARIOUS ETHNIC GROUPS AND NEIGHBORHOODS. IN ADDITION, ASPIRING ENTREPRENEURS RECEIVED 643 HOURS OF ONE-ON-ONE TRAINING CONSULTATIONS. DURING THE SAME YEAR, NDC ALSO OFFERED 59 BUSINESS-RELATED WORKSHOPS TO 245 ENTREPRENEURS.


LENDING AND FINANCING PROGRAM - PROVIDES FUNDS TO START-UP AND EXISTING BUSINESSES. IN 2022, NDC HAD A $10 MILLION DOLLAR REVOLVING LOAN FUND. LOANS WERE PROVIDED TO BUSINESSES THAT MET CERTAIN GEOGRAPHICAL AND INCOME CRITERIA. A PORTION OF AVAILABLE FUNDS WAS USED FOR ISLAMICALLY ACCEPTABLE FINANCING. NDC APPROVED 42 LOANS IN 2022, TOTALING $2,923,246, IN PRIORITY AND OTHER NEIGHBORHOODS, AS FOLLOWS: - 11 SMALL BUSINESS LOANS (LARGER THAN $50K), - 31 MICROLOANS ($50K OR LESS). ALSO, THE LENDING DEPARTMENT ADMINISTERED TWO GRANT PROGRAMS IN 2022. THE NDC EMERGENCY GRANTS PROGRAM, WHERE 57 BUSINESSES RECEIVED GRANTS TOTALING $313,800. THE MAIN STREET COVID RELIEF GRANTS PROGRAM, WHERE 176 BUSINESSES RECEIVED $10K TO $15K GRANTS TOTALING $1,905,000.


TECHNICAL ASSISTANCE PROGRAM - SUPPORTS THE GROWTH OF NEW AND EXISTING BUSINESSES IN THE COMMUNITY. IN 2022, NDC PROVIDED 4,504 HOURS OF BUSINESS SERVICES TO 271 BUSINESSES IN ITS PRIORITY AND OTHER NEIGHBORHOODS.


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Board, Officers & Key Employees

Name (title)Compensation
Jon Borden
Board Member
$0
Lachelle Cunningham
Chair
$0
Terri Fleming
Vice Chair
$0
Mike Goze
Board Member
$0
Andrea Mardock
Board Member
$0
Mike Mckee
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$87,838
Related organizations$0
Government grants $6,038,484
All other contributions, gifts, grants, and similar amounts not included above$3,731,742
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$9,858,064
Total Program Service Revenue$1,295,492
Investment income $9,778
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$81,884
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$23,390
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $11,058,060

Grants Awarded

Over the last fiscal year, Neighborhood Development Center Inc has awarded $2,925,000 in support to 217 organizations.

Grant RecipientAmount

UNIVERSAL CHIROPRACTIC HEALTH CLINIC

PURPOSE: MAINSTREET RELIEF GRANT

$10,000

KAMAL HUSSEIN

PURPOSE: MAINSTREET RELIEF GRANT

$10,000

CARRIE WILLIAMS

PURPOSE: MAINSTREET RELIEF GRANT

$10,000

MN COMPLETE PROPERTY SOLUTIONS

PURPOSE: MAINSTREET RELIEF GRANT

$10,000

CEBRIAN SIMS

PURPOSE: MAINSTREET RELIEF GRANT

$10,000

POSITIVE LIGHT MEDIA

PURPOSE: MAINSTREET RELIEF GRANT

$10,000
View Grant Profile

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