Ndc Housing & Economic Development Corporation
Ndc Housing & Economic Development Corporation reported $13.3 million in revenue and $12.8 million in expenses for calendar year 2024. Of every $100 it spent, $87.73 went to program services, $12.27 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 90.5% of the total. The highest compensation it reported for one person was $605,052 (PRESIDENT/BOARD MEMBER). Revenue rose 24% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $13MFor 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 $13M- Contributions & grants (non-government)$9.40 $1.2M
- Program service revenue$90.53 $12M
- Investment income$0.07 $9,168
Other revenue was negative: −$3,288. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 87.7% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 12.3% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 9.4% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 90.5% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $605,052 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 4.73% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 0 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 17.4 | 10.0 |
| Independent voting board members Part VI 1a–1b | 0 of 8 | 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 expenseLow income housing:hedc is a national leader in low-income housing through both development and investment. Working in partnership with nonprofit organizations and service providers around the nation, hedc has developed, financed, operated, and/or managed more than 14,000 of units of quality, safe, adequate, and affordable low-income housing equating to billions of dollars of investment in low-income communities across the country
Lessening the burdens of government: hedc also partners with units of local government to erect and maintain public buildings, monuments, and facilities; and to promote social welfare. The underlying mission is to "lessen the burden of government". Projects include public buildings and city halls, educational and medical research facilities, student housing, parking facilities and other public infrastructure
Stimulate Economic Development in economically depressed areas: hedc works with nonprofit organizations, service providers and units of local government to stimulate Economic Development in the economically depressed neighborhoods across the nation. Working through the new markets tax credit program along with other financing tools for small businesses and nonprofits, hedc creates employment and entrepreneurial opportunities for disadvantaged groups and individuals, combats community deterioration, and eliminates slum and blight through new investment in low-income communities to rehabilitate…
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 |
|---|---|---|---|---|
| PRESIDENT/BOARD MEMBER Director/trustee, officer, 4.40 hrs/week | $0 | $531,397 | $73,655 | $605,052 |
| BOARD MEMBER Director/trustee, 45.50 hrs/week | $0 | $366,362 | $85,432 | $451,794 |
| BORD MEMBER/COO Director/trustee, officer, 20.00 hrs/week | $0 | $351,274 | $92,962 | $444,236 |
| BOARD MEMBERR/VP Director/trustee, officer, 6.00 hrs/week | $0 | $284,339 | $124,916 | $409,255 |
| BOARD MEMBER Director/trustee, 1.00 hrs/week | $0 | $274,418 | $100,815 | $375,233 |
| BOARD MEMBER Director/trustee, 28.00 hrs/week | $0 | $250,665 | $91,151 | $341,816 |
| BOARD MEMBER Director/trustee, 1.00 hrs/week | $0 | $293,881 | $38,849 | $332,730 |
| VICE PRESIDENT Officer, 12.50 hrs/week | $0 | $271,108 | $60,981 | $332,089 |
0 people received more than $100,000 in reportable compensation from Ndc Housing & Economic Development Corporation (Part VII, line 2).
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–1b8 · 0 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 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| APPLEGATE & THORNE-THOMSEN PC Legal services | $386,480 |
| CROSSKEY ARCHITECTS LLC Architectural services | $274,426 |
| BARNES AND THORNBURG Legal services | $215,000 |
| SHALLO GALLUSCIO & BIANCHI CPAS PC Accounting services | $165,000 |
| LAW OFFICE OF MARK D FOSTER Legal services | $163,200 |
Individuals listed as contractors are left out. 7 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Ndc Housing & Economic Development Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Ndc Housing & Economic Development Corporation, you can publish a response that is linked from this page.
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Of every $100 Ndc Housing & Economic Development Corporation spent in 2024, $87.73 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Cedar Falls Lutheran HomeCedar Falls, IA · revenue $13M · programs 80.5% · 2024
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- Greeley Area Habitat for HumanityGreeley, CO · revenue $13M · programs 88.6% · FY2025
- Dupage PadsWheaton, IL · revenue $13M · programs 89.1% · FY2025
- Rochester ManagementRochester, NY · revenue $13M · programs 66.0% · FY2025
All housing & shelter charities · Largest charities in New York
Questions people ask
How much of Ndc Housing & Economic Development Corporation's spending goes to programs?
In calendar year 2024, Ndc Housing & Economic Development Corporation reported that 87.7% of its $12.8 million in expenses went to program services, 12.3% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Ndc Housing & Economic Development Corporation pay its top executive?
The largest total compensation Ndc Housing & Economic Development Corporation reported for one person in calendar year 2024 was $605,052, for the role of PRESIDENT/BOARD MEMBER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Ndc Housing & Economic Development Corporation get its money?
Of $13.3 million in revenue in calendar year 2024, 9.4% came from contributions and grants and 90.5% from program service revenue (Form 990, Part VIII).
Is Ndc Housing & Economic Development Corporation a registered charity?
The IRS lists EIN 11-2933129 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), 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 202523159349304232 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202433209349311948 · read the filing
- 2022: Form 990 for calendar year 2022, object 202303179349300940 · read the filing
- 2021: Form 990 for calendar year 2021, object 202223189349304027 · read the filing
- 2020: Form 990 for calendar year 2020, object 202133169349302488 · read the filing
- 2019: Form 990 for calendar year 2019, object 202003149349302345 · read the filing
All filings for EIN 11-2933129: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.