NEIGHBORHOOD DEVELOPMENT CENTER INC (EIN 411738791) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

RENAY DOSSMAN

Phone

6512912480

Tax Period

2024-01-01 to 2024-12-31

NEIGHBORHOOD DEVELOPMENT CENTER INC, founded in 1993, is a mid-sized nonprofit in the Human Services sector that reported $14.2M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 15% operating margin.

Mission

TO EMPOWER ENTREPRENEURS AND COMMUNITY PARTNERS TO TRANSFORM LOW-INCOME NEIGHBORHOOD ECONOMIES FROM WITHIN.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $12,134,358

Program Service Revenue $1,405,818

Investment Income $436,965

Other Revenue $220,878

TOTAL REVENUE $14,198,019

Expense Breakdown

Grants Paid $2,892,786

Salaries & Benefits $5,086,261

Fundraising Expenses $207,476

Program Expenses $10,741,668

Other Expenses $4,020,511

TOTAL EXPENSES $11,999,558

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,198,019	$10,163,231	+0.4%
Expenses	$11,999,558	$7,569,563	+0.6%
Net Income	$2,198,461	$2,593,668	-0.2%

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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$275,350

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON BORDEN	BOARD MEMBER	1.00	Director	$0	$0	$0
LACHELLE CUNNINGHAM	CHAIR	1.00	Officer Director	$0	$0	$0
MIKE GOZE	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREA MARDOCK	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN GRIES	TREASURER	1.00	Officer Director	$0	$0	$0
JULIET MITCHELL	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM SANDS	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIK SPLETT	BOARD MEMBER	1.00	Director	$0	$0	$0
ANTHONY ROBINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
GEBI TUFAA	BOARD MEMBER	1.00	Director	$0	$0	$0
NOYA WOODRICH	SECRETARY	1.00	Officer Director	$0	$0	$0
JASMINE VASQUEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
RENAY DOSSMAN	PRESIDENT AND CHIEF EXECUTIVE OFFICER	40.00	Officer	$237,693	$37,657	$275,350
PERLA MAYO	SENIOR DIRECTOR OF LENDING	40.00	Highest	$102,857	$39,931	$142,788
TAMMIE NASSEFF	CHIEF FINANCIAL OFFICER	40.00	Highest	$143,440	$22,442	$165,882
BEN JOHNSON	VICE PRESIDENT, REAL ESTATE AND DEVELOPMENT	40.00	Highest	$140,169	$34,603	$174,772
ELISA PLUHAR	CHIEF INNOVATION AND STRATEGY OFFICER	40.00	Highest	$112,736	$15,859	$128,595
SHAHIR ADMED-RIDDLE	VICE PRESIDENT, BUSINESS SERVICES	40.00	Highest	$125,767	$33,107	$158,874

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	$14,198,019	$11,999,558	$43,224,139	$2,198,461
2023	$10,163,231	$7,569,563	$42,614,419	$2,593,668
2022	$11,058,060	$11,928,537	$39,676,153	$-870,477
2021	$8,166,037	$6,906,110	$31,605,903	$1,259,927
2020	$17,057,172	$7,875,271	$27,377,284	$9,181,901
2019	$5,269,327	$4,714,328	$16,878,498	$554,999
2018	$5,837,921	$4,465,086	$15,012,914	$1,372,835

NEIGHBORHOOD DEVELOPMENT CENTER INC