Neighborhood Development Center
Neighborhood Development Center reported $28.2 million in revenue and $20.4 million in expenses for calendar year 2025. Of every $100 it spent, $87.97 went to program services, $8.35 to management and general costs and $3.68 to fundraising. Its largest source of revenue was contributions and grants: 91.1% of the total. Government grants made up 54.5%. The highest compensation it reported for one person was $280,214 (PRESIDENT AND CHIEF EXECUT). 7 people received more than $100,000 in reportable compensation. Revenue rose 434% between 2019 and 2025. Source: Form 990, 2025.
Where $100 of spending went
Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $20MFor context, the median across 3,614 covered human services charities: $88.27 programs, $11.52 management, $0.21 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2025 · Form 990, Part VIII · total revenue $28MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 88.0% | 87.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 8.4% | 11.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.7% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.03 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 91.1% | 20.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 54.5% | 2.4% |
| Program service revenue share Part VIII 2g ÷ 12 | 7.1% | 70.8% |
| Highest reported compensation Part VII-A, columns D–F | $280,214 | $274,992 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.37% | 1.18% |
| People paid over $100,000 Part VII, line 2 | 7 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 16.6 | 6.9 |
| Independent voting board members Part VI 1a–1b | 12 of 12 | 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
2025 · Form 990, Part III · the three largest programs by expenseReal estate development initiative program - encourages neighborhood revitalization, property ownership, and business ownership by entrepreneurs within specific priority low-income neighborhoods. In 2025, ndc managed over 200,000 square feet of affordable commercial space in low-income neighborhoods, where it leased to 65 tenants and provided them with wrap-around business services
Lending and financing program - provides funds to start-up and existing businesses. In 2025, ndc had a $11. Million dollar revolving loan fund. Loans were provided to businesses that met certain geographical and income criteria. A portion of available funds are dedicated to be used for profit-based financing to accommodate faith and/or cultural values of borrowers. Ndc approved 49 loans in 2025, totaling $4,391,070, in priority and other neighborhoods, as follows: 24 small business loans (larger than $50k) 25 microloans ($50k or less)in addition, ndc approved 9 credit-builder loans in 2025…
Technical assistance program - supports the growth of new and existing businesses in the community. In 2025, ndc provided 3,205 hours of business services to 377 businesses in its priority and other neighborhoods
Highest reported compensation
2025 · 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 AND CHIEF EXECUT Officer, 40.00 hrs/week | $247,385 | $0 | $32,829 | $280,214 |
| CHIEF FINANCIAL OFFICER Highest compensated employee, 40.00 hrs/week | $158,027 | $0 | $39,463 | $197,490 |
| VICE PRESIDENT, REAL ESTAT Highest compensated employee, 40.00 hrs/week | $153,889 | $0 | $24,059 | $177,948 |
| VICE PRESIDENT, BUSINESS S Highest compensated employee, 40.00 hrs/week | $131,688 | $0 | $18,703 | $150,391 |
| CHIEF DEVELOPMENT & COMMUNICATIONS OFFICER Highest compensated employee, 40.00 hrs/week | $120,673 | $0 | $25,454 | $146,127 |
| SENIOR DIRECTOR OF LENDING Highest compensated employee, 40.00 hrs/week | $111,940 | $0 | $26,046 | $137,986 |
| SENIOR DIRECTOR OF HUMAN SERVICES Highest compensated employee, 40.00 hrs/week | $101,817 | $0 | $11,086 | $112,903 |
7 people received more than $100,000 in reportable compensation from Neighborhood Development Center (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.2M (Part IX, line 5).
7 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2025 · 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–1b12 · 12 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 15aYes
- 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 26Yes
- 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 567
- Volunteers Part I, line 655
Private foundation grants it received
20 private foundations reported grants to Neighborhood Development Center totaling $1.5M 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 Neighborhood Development Center's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Neighborhood Development Center, you can publish a response that is linked from this page.
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Of every $100 Neighborhood Development Center spent in 2025, $87.97 went to programs. The full breakdown, from its IRS Form 990:
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All human services charities · Largest charities in Minnesota
Questions people ask
How much of Neighborhood Development Center's spending goes to programs?
In calendar year 2025, Neighborhood Development Center reported that 88.0% of its $20.4 million in expenses went to program services, 8.4% to management and general and 3.7% to fundraising (Form 990, Part IX).
How much does Neighborhood Development Center pay its top executive?
The largest total compensation Neighborhood Development Center reported for one person in calendar year 2025 was $280,214, for the role of PRESIDENT AND CHIEF EXECUT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Neighborhood Development Center get its money?
Of $28.2 million in revenue in calendar year 2025, 91.1% came from contributions and grants (including 54.5% from government grants) and 7.1% from program service revenue (Form 990, Part VIII).
Is Neighborhood Development Center a registered charity?
The IRS lists EIN 41-1738791 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, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2025: Form 990 for calendar year 2025, object 202612299349300331 · read the filing
- 2024: Form 990 for calendar year 2024, object 202532339349300338 · read the filing
- 2023: Form 990 for calendar year 2023, object 202423199349316392 · read the filing
- 2022: Form 990 for calendar year 2022, object 202342489349301864 · read the filing
- 2021: Form 990 for calendar year 2021, object 202202519349301270 · read the filing
- 2020: Form 990 for calendar year 2020, object 202122869349302272 · read the filing
- 2019: Form 990 for calendar year 2019, object 202033189349303998 · read the filing
All filings for EIN 41-1738791: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.