The Neighborhood Developers
The Neighborhood Developers reported $11.5 million in revenue and $8.9 million in expenses for calendar year 2024. Of every $100 it spent, $72.12 went to program services, $20.06 to management and general costs and $7.82 to fundraising. Its largest source of revenue was contributions and grants: 49.8% of the total. The highest compensation it reported for one person was $299,465 (EXECUTIVE DIRECTOR). 4 people received more than $100,000 in reportable compensation. Revenue rose 160% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $8.9MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $12MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 72.1% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 20.1% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 7.8% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.12 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 49.8% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 42.8% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $299,465 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 3.35% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 4 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 18.9 | 10.0 |
| Independent voting board members Part VI 1a–1b | 10 of 10 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseRental properties - the rental properties through 2021, tnd owned and managed 611 residential apartments that provide an affordable home for low-and-moderate-income individuals and families. A third party vendor, winn residential, provides property management services on our behalf and works closely with tnd's resident services and asset management teams to ensure that our properties provide residents with a high-quality affordable home. Tnd's properties also include eight commercial spaces, providing affordable rents for chelsea businesses
Connect - the connect program helps address displacement among low-income individuals and families by stabilizing their financial outlook and providing tools to help these households manage, and grow their income through financial capability, workforce development, and housing and income stabilization programming. Services to the community start with a resource hotline, and include resources for rental and utilities assistance, financial coaching, masshealth, snap, workforce development and tax preparation
Real state development- the real estate development program reduces and preserves affordable and mixed income multi-family rental properties and homes for sale. The homes that tnd produces primarily benefit low-income households earning 60% or less of the area median income. Tnd has a goal to build or preserve 325 homes between 2020-2024. Through 2024, tnd has produced 300 homes and has 375 more homes in development
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EXECUTIVE DIRECTOR Officer, 40.00 hrs/week | $247,473 | $0 | $51,992 | $299,465 |
| DIRECTOR OF RE DEVELOPMENT Highest compensated employee, 40.00 hrs/week | $165,263 | $0 | $20,456 | $185,719 |
| SENIOR PROJECT MANAGER Highest compensated employee, 40.00 hrs/week | $125,065 | $0 | $16,219 | $141,284 |
| DIRECTOR OF RESIDENT SERVICES Highest compensated employee, 40.00 hrs/week | $114,174 | $0 | $21,530 | $135,704 |
| PROJECT MANAGER Director/trustee, 40.00 hrs/week | $91,033 | $0 | $11,284 | $102,317 |
4 people received more than $100,000 in reportable compensation from The Neighborhood Developers (Part VII, line 2). Compensation of current officers, directors and key employees totaled $743K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b10 · 10 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 531
- Volunteers Part I, line 6112
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| OPPORTUNITY COMMUNITIES LLC Management services | $2,028,507 |
| COHNREZNICK Accounting consulting fees | $121,176 |
Individuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.
Private foundation grants it received
11 private foundations reported grants to The Neighborhood Developers totaling $429K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The Neighborhood Developers's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Neighborhood Developers, you can publish a response that is linked from this page.
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Of every $100 The Neighborhood Developers spent in 2024, $72.12 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
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- Rebuilding TogetherWashington, DC · revenue $12M · programs 80.9% · 2024
- Provident Commonwealth Education Resources IIBaton Rouge, LA · revenue $12M · programs 98.7% · 2024
- Bridge Property Management CompanySan Francisco, CA · revenue $12M · programs 90.3% · 2024
All housing & shelter charities · Largest charities in Massachusetts
Questions people ask
How much of The Neighborhood Developers's spending goes to programs?
In calendar year 2024, The Neighborhood Developers reported that 72.1% of its $8.9 million in expenses went to program services, 20.1% to management and general and 7.8% to fundraising (Form 990, Part IX).
How much does The Neighborhood Developers pay its top executive?
The largest total compensation The Neighborhood Developers reported for one person in calendar year 2024 was $299,465, for the role of EXECUTIVE DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Neighborhood Developers get its money?
Of $11.5 million in revenue in calendar year 2024, 49.8% came from contributions and grants and 42.8% from program service revenue (Form 990, Part VIII).
Is The Neighborhood Developers a registered charity?
The IRS lists EIN 04-2660283 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202533199349302988 · read the filing · XML
- 2023: Form 990 for calendar year 2023 (amended), object 202403389349300910 · read the filing
- 2022: Form 990 for calendar year 2022, object 202410449349300646 · read the filing
- 2021: Form 990 for calendar year 2021, object 202213199349310586 · read the filing
- 2020: Form 990 for calendar year 2020, object 202133199349327413 · read the filing
- 2019: Form 990 for calendar year 2019, object 202041829349300939 · read the filing
All filings for EIN 04-2660283: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.