Natl Alliance of Community & Economic Developmen

EIN: 260159736 501(c)(3) Community Improvement

Washington, DC

Total Revenue
$782,400
Total Expenses
$1,321,008
Total Assets
$867,331
Net Assets
$787,086
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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
DC
Principal Officer
Frank Woodruff
Tax Period
2023-01-01 to 2023-12-31

Natl Alliance of Community & Economic Developmen, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $782K in total revenue in fiscal year 2023. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 69% operating deficit.

Mission

To lead the community partners in shaping and influencing strategies that advance community prosperity we advocate for reliable resources and systems that benefit low and moderate income communities and we build the capacity of members and practitioners working in these areas.

Program Service Accomplishments

Program 1
Expenses: $462,400

Capacity Building:The Community Opportunity Alliance strengthens community developers ability to create real opportunity for the communities they serve. Our methods include: sharing replicable...

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Capacity Building:The Community Opportunity Alliance strengthens community developers ability to create real opportunity for the communities they serve. Our methods include: sharing replicable programs and interventions, passing funds from national funders to local, regional, and statewide organizations, offering technical assistance, and providing access to the training and information. We offer two technical assistance programs that build the community development field. Our Capacity Boost program strengthens local community development organizations by matching them with TA providers who specialize in community development and are located in their states or regions. This TA program empowers community development organizations to navigate challenges effectively and optimize operational efficiency, organizational growth, and impact. Our Thriving Networks program provides housing and community development associations with training, peer sharing, and technical assistance. The program fills a crucial gap in the field by addressing the specific needs and challenges of associations. In 2023, we provided over 2,300 hours of direct service to our members. This includes one-on-one assistance from Alliance staff, webinars, and peer-learning opportunities at our National Summit and Regional Caucuses.

Program 2
Expenses: $400,435

Research/Publication: The Community Opportunity Alliance develops and disseminates critical research on the community development field, which we leverage to promote greater funding and support...

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Research/Publication: The Community Opportunity Alliance develops and disseminates critical research on the community development field, which we leverage to promote greater funding and support. Community developers and partners across the country also use our research to increase funding and support for their work. Our multi-year Grounding Values In Research initiative examines the financial health, activities, production, and leadership of local community development organizations throughout the United States. The results provide critical data to cultivate their effectiveness and promote greater funding and support. This public dataset is available to students and scholars. In 2023, the Urban Institute published The State of Community-Based Development Organizations based on the national census we commissioned. We released four Money Meets Community issue briefs that are based on the census findings. The issue briefs examine community development organizations activities, funding flows, geography and financial resources, and their financial health. Staff traveled to conferences across the U.S. to share the results.

Program 3
Expenses: $186,091

NACEDA Virtual Summit Series: We held our National Summit on October 23-25, 2023 in Atlanta, Georgia. The summit brought together more than 200 community development professionals and partners from...

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NACEDA Virtual Summit Series: We held our National Summit on October 23-25, 2023 in Atlanta, Georgia. The summit brought together more than 200 community development professionals and partners from across the country. The content was primarily targeted to community development association professionals, exploring strategies and best practices for associations to advance prosperity in low-income communities. The 2023 Summit focused on the results of our national census of community-based development organizations; EPA Environmental Justice grants and opportunities for partnerships; best practices for associations; and building the capacity of local community development organizations. We toured outstanding Atlanta community development initiatives, where local leaders shared their best practices. Our Georgia member, Georgia Advancing Communities Together, was our co-host for the 2023 Summit.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $614,194
Program Service Revenue $166,100
Investment Income $1,793
Other Revenue $313
TOTAL REVENUE $782,400

Expense Breakdown

Grants Paid $0
Salaries & Benefits $457,815
Fundraising Expenses $18,779
Program Expenses $1,048,926
Other Expenses $863,193
TOTAL EXPENSES $1,321,008

Year-over-Year Comparison

2023 2022 Change
Revenue $782,400 $2,059,770 -0.6%
Expenses $1,321,008 $1,077,516 +0.2%
Net Income $-538,608 $982,254 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
19
Independent Members
19
Employees
5
Volunteers
57

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
$146,383
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Frank Woodruff Executive Director 40.00
Officer
$143,233 $3,150 $146,383
Bambie Hayes-Brown Director 2.00
Director
$0 $0 $0
Roberto Barragan Director 2.00
Director
$0 $0 $0
Paul Ettore Director 2.00
Director
$0 $0 $0
Kate Pratt Director 2.00
Director
$0 $0 $0
John Fitterer Director 2.00
Director
$0 $0 $0
Claudia Wilson Randall Director 2.00
Director
$0 $0 $0
Deveney Perry Director 2.00
Director
$0 $0 $0
Lisa Much Director 2.00
Director
$0 $0 $0
Pamela Bridgeforth Director 2.00
Director
$0 $0 $0
Mercedeh Mortazavi Director 2.00
Director
$0 $0 $0
Dafina Williams Director 2.00
Director
$0 $0 $0
May Rodriguez Director 2.00
Director
$0 $0 $0
Rachel Diskin Director 2.00
Director
$0 $0 $0
Patience Malaba Director 2.00
Director
$0 $0 $0
Donald Phoenix Director 2.00
Director
$0 $0 $0
Paige Carlson-Heim Secretary 2.00
Officer Director
$0 $0 $0
Matt Hull Treasurer 2.00
Officer Director
$0 $0 $0
Jessica Love Vice Chair 2.00
Officer Director
$0 $0 $0
Steve Glaude Chair 2.00
Officer Director
$0 $0 $0
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 $782,400 $1,321,008 $867,331 $-538,608
2022 $2,059,770 $1,077,516 $1,402,125 $982,254
2021 $937,262 $673,353 $388,307 $263,909
2020 $578,032 $563,909 $181,802 $14,123
2019 $817,825 $789,039 $117,384 $28,786
2018 $494,512 $493,022 $146,352 $1,490
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