THE NEIGHBORHOOD DEVELOPERS INC

EIN: 042660283 501(c)(3) Housing & Shelter

CHELSEA, MA

Total Revenue
$8,309,577
Total Expenses
$8,665,749
Total Assets
$34,897,155
Net Assets
$11,512,003
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
MA
Principal Officer
RAFAEL MARES
Phone
6178891375
Tax Period
2023-01-01 to 2023-12-31

THE NEIGHBORHOOD DEVELOPERS INC, founded in 1978, is a community nonprofit in the Housing & Shelter sector that reported $8.3M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year.

Mission

THE MISSION OF THE NEIGHBORHOOD DEVELOPERS, INC. (TND) IS TO CREATE STRONG NEIGHBORHOODS ENABLING COMMUNITY MEMBERS TO SECURE A STABLE HOME, ACHIEVE ECONOMIC MOBILITY,AND DETERMINE THEIR OWN FUTURE. TND EMPLOYS FOUR INVESTMENT STRATEGIES TO BUILD STRONG AND JUST NEIGHBORHOODS: REAL ESTATE DEVELOPMENT TO EXPAND AFFORDABLE HOUSING INVENTORY AND BUILD EQUITABLE NEIGHBORHOODS; COMMUNITY BUILDING TO FOSTER LEADERSHIP DEVELOPMENT IN ORGANIZING FOR SELF ADVOCACY; FINANCIAL CAPABILITIES AND WORKFORCE DEVELOPMENT TO INCREASE FAMILY PROSPERITY, DELIVERED IN COLLABORATION WITH OUR CONNECT PARTNERS; AND RESIDENT SERVICES, SO THAT THE RESIDENTS OF TND PROPERTIES SUCCEED AT HOME, SCHOOL, WORK AND IN THE COMMUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,085,237
Program Service Revenue $6,038,740
Investment Income $-1,814,400
Other Revenue $0
TOTAL REVENUE $8,309,577

Expense Breakdown

Grants Paid $1,015,425
Salaries & Benefits $2,887,534
Fundraising Expenses $508,633
Program Expenses $6,368,858
Other Expenses $4,732,621
TOTAL EXPENSES $8,665,749

Year-over-Year Comparison

2023 2022 Change
Revenue $8,309,577 $9,918,440 -0.2%
Expenses $8,665,749 $9,032,159 0.0%
Net Income $-356,172 $886,281 -1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
39
Volunteers
112

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$225,430
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALICE MURILLO DIRECTOR 1.00
Director
$0 $0 $0
PETER HOLLANDS DIRECTOR 1.00
Director
$0 $0 $0
KRISTEN JANJAR DIRECTOR 1.00
Director
$0 $0 $0
CHARLENE BAUER TREASURER 1.00
Officer Director
$0 $0 $0
DAKEYA CHRISTMAS VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
FAYE DOOKHARAN PRESIDENT 1.00
Officer Director
$0 $0 $0
MINA JLIL DIRECTOR 1.00
Director
$0 $0 $0
GUADALUPE PANAMENO DIRECTOR 1.00
Director
$0 $0 $0
SANDY MAYNARD CLERK 1.00
Officer Director
$0 $0 $0
ORLANDO JAQUEZ DIRECTOR 1.00
Director
$0 $0 $0
RAFAEL MARES EXECUTIVE DIRECTOR 40.00
Officer
$189,154 $36,276 $225,430
STEVEN LAFERRIERE DIRECTOR OF RE DEVELOPMENT 40.00
Highest
$139,654 $30,786 $170,440
CASSANDRA JEAN WITTHAUS SENIOR PROJECT MANAGER 40.00
Highest
$104,615 $19,102 $123,717
ZIXIAO YIN SENIOR PROJECT MANAGER 40.00
Highest
$113,846 $12,228 $126,074
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $8,309,577 $8,665,749 $34,897,155 $-356,172
2023 $8,309,577 $8,665,749 $34,897,155 $-356,172
2022 $9,918,440 $9,032,159 $36,512,492 $886,281
2021 $7,961,454 $7,248,881 $68,146,151 $712,573
2020 $6,003,796 $5,855,525 $37,483,372 $148,271
2019 $4,435,186 $3,940,528 $32,389,174 $494,658
2018 $3,961,374 $3,989,274 $17,739,078 $-27,900
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