Ndc Housing & Economic Development Corporation - Group Return
Ndc Housing & Economic Development Corporation - Group Return reported $113.2 million in revenue and $110.9 million in expenses for calendar year 2024. Of every $100 it spent, $93.30 went to program services, $6.70 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: 67.0% of the total. Government grants made up 21.5%. The highest compensation it reported for one person was $605,052 (PRES/BOARD MEMBER). Revenue rose 26% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $111MFor 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 $113M- Contributions & grants (non-government)$2.60 $3.0M
- Government grants$21.25 $24M
- Program service revenue$66.30 $76M
- Other revenue$9.85 $11M
Investment income was negative: −$1.2M. 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) | 93.3% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 6.7% | 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 | 24.1% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 21.5% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 67.0% | 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) | 0.55% | 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 | 12.1 | 10.0 |
| Independent voting board members Part VI 1a–1b | 20 of 29 | 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 expenseLessening 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…
Low 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
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 |
|---|---|---|---|---|
| PRES/BOARD MEMBER Director/trustee, officer, 4.40 hrs/week | $0 | $531,397 | $73,655 | $605,052 |
| BOARD MEMBER Director/trustee, 1.00 hrs/week | $0 | $366,362 | $85,432 | $451,794 |
| BOARD MEMBER/COO Director/trustee, officer, 5.50 hrs/week | $0 | $351,274 | $92,962 | $444,236 |
| BOARD MEMBER/VICE PRESIDENT Director/trustee, officer, 10.50 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, 1.00 hrs/week | $0 | $250,665 | $91,151 | $341,816 |
| BOARD MEMBER Director/trustee, 1.00 hrs/week | $0 | $293,881 | $38,849 | $332,730 |
| CFO Director/trustee, 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 - Group Return (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–1b29 · 20 independent
- Audited financial statements Part XII 2bNo
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14No
- 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
- Volunteers Part I, line 620
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| THE CAR PARK GROUP LLC Parking garage mgmt | $1,864,368 |
| HINES INTERESTS LIMITED PARTNERSHIP Property management | $1,627,150 |
| SEATTLE MAINTENANCE SERVICES Janitorial | $1,601,440 |
| BGIS GLOBAL INTEGRATED SOLUTIONS US LLC Property management | $1,359,915 |
| ALLIED UNIVERSAL SECURITY SERVICES Security | $813,527 |
Individuals listed as contractors are left out. 17 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 - Group Return'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 - Group Return, you can publish a response that is linked from this page.
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Of every $100 Ndc Housing & Economic Development Corporation - Group Return spent in 2024, $93.30 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Cedar Crest VillagePompton Plains, NJ · revenue $112M · programs 87.1% · 2024
- National Church ResidencesColumbus, OH · revenue $113M · programs 65.9% · FY2025
- Phipps HousesNew York, NY · revenue $111M · programs 45.0% · 2024
- Enterprise Community DevelopmentColumbia, MD · revenue $115M · programs 95.0% · 2024
- The Community BuildersBoston, MA · revenue $109M · programs 93.9% · 2024
All housing & shelter charities · Largest charities in New York
Questions people ask
How much of Ndc Housing & Economic Development Corporation - Group Return's spending goes to programs?
In calendar year 2024, Ndc Housing & Economic Development Corporation - Group Return reported that 93.3% of its $110.9 million in expenses went to program services, 6.7% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Ndc Housing & Economic Development Corporation - Group Return pay its top executive?
The largest total compensation Ndc Housing & Economic Development Corporation - Group Return reported for one person in calendar year 2024 was $605,052, for the role of PRES/BOARD MEMBER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Ndc Housing & Economic Development Corporation - Group Return get its money?
Of $113.2 million in revenue in calendar year 2024, 24.1% came from contributions and grants (including 21.5% from government grants) and 67.0% from program service revenue (Form 990, Part VIII).
Is Ndc Housing & Economic Development Corporation - Group Return a registered charity?
The IRS lists EIN 91-1884698 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 202533159349304478 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202413189349307571 · read the filing
- 2022: Form 990 for calendar year 2022, object 202303149349304495 · read the filing
- 2021: Form 990 for calendar year 2021, object 202203189349310465 · read the filing
- 2020: Form 990 for calendar year 2020, object 202143169349310854 · read the filing
- 2019: Form 990 for calendar year 2019, object 202043219349318529 · read the filing
All filings for EIN 91-1884698: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.