NEIGHBORHOOD ASSOCIATES CORPORATION

EIN: 383654131 501(c)(3) Human Services

Laura, MD

Total Revenue
$545,776
Total Expenses
$975,896
Total Assets
$6,055,621
Net Assets
$232,956
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
DC
Principal Officer
Charles Tini
Phone
2405546500
Tax Period
2023-01-01 to 2023-12-31

NEIGHBORHOOD ASSOCIATES CORPORATION, founded in 2004, is a small nonprofit in the Human Services sector that reported $546K in total revenue in fiscal year 2023. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $976K exceeded revenue, resulting in a 79% operating deficit.

Mission

To improve urban neighborhoods by providing affordable housing and citizen-based programs

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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 $125,147
Program Service Revenue $416,500
Investment Income $4,129
Other Revenue $0
TOTAL REVENUE $545,776

Expense Breakdown

Grants Paid $0
Salaries & Benefits $362,274
Fundraising Expenses $38,122
Program Expenses $834,475
Other Expenses $613,622
TOTAL EXPENSES $975,896

Year-over-Year Comparison

2023 2022 Change
Revenue $545,776 $2,572,070 -0.8%
Expenses $975,896 $1,237,587 -0.2%
Net Income $-430,120 $1,334,483 -1.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
6
Volunteers
10

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
4
$0
Total Directors
9
$75,000
Key Employees
1
$75,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bobby Austin President/CEO Thru April 2024 40
Director Key Emp
$75,000 $0 $75,000
Gloria Cousar Board Member Through April 2024 1
Director
$0 $0 $0
Marilyn Melkonian Chair Deceased March 2024 2.00
Officer Director
$0 $0 $0
Robert Hackett Vice Chair Through April 2024 1
Officer Director
$0 $0 $0
Ron Grzywinksi Treasurer Through April 2024 1
Officer Director
$0 $0 $0
Charles Tini Governor as of April 2024 5.00
Officer Director
$0 $0 $0
Marsha Jackson Governor as of April 2024 1
Director
$0 $0 $0
Christopher Wood Governor as of April 2024 1
Director
$0 $0 $0
John Duley Authorized Representative as of April 2024 5.00
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 $545,776 $975,896 $6,055,621 $-430,120
2022 $2,572,070 $1,237,587 $6,268,084 $1,334,483
2021 $1,039,457 $1,171,464 $6,562,184 $-132,007
2020 $727,042 $1,077,555 $6,697,799 $-350,513
2019 $924,937 $1,128,081 $6,978,206 $-203,144
2018 $1,221,148 $1,103,842 $7,151,513 $117,306
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