SAINT PAUL, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
TO EMPOWER ENTREPRENEURS AND COMMUNITY PARTNERS TO TRANSFORM LOW-INCOME NEIGHBORHOOD ECONOMIES FROM WITHIN.
REAL ESTATE DEVELOPMENT INITIATIVE PROGRAM - ENCOURAGES NEIGHBORHOOD REVITALIZATION, PROPERTY OWNERSHIP, AND BUSINESS OWNERSHIP BY ENTREPRENEURS WITHIN SPECIFIC PRIORITY LOW-INCOME NEIGHBORHOODS. IN...
REAL ESTATE DEVELOPMENT INITIATIVE PROGRAM - ENCOURAGES NEIGHBORHOOD REVITALIZATION, PROPERTY OWNERSHIP, AND BUSINESS OWNERSHIP BY ENTREPRENEURS WITHIN SPECIFIC PRIORITY LOW-INCOME NEIGHBORHOODS. IN 2024, NDC MANAGED OVER 200,000 SQUARE FEET OF AFFORDABLE COMMERCIAL SPACE IN LOW-INCOME NEIGHBORHOODS, WHERE IT LEASED TO 65 TENANTS AND PROVIDED THEM WITH WRAP-AROUND BUSINESS SERVICES.
LENDING AND FINANCING PROGRAMS (INCLUDING PROMISE GRANT) - PROVIDES FUNDS TO START-UP AND EXISTING BUSINESSES. IN 2024, NDC HAD A $10 MILLION DOLLAR REVOLVING LOAN FUND. LOANS WERE PROVIDED TO...
LENDING AND FINANCING PROGRAMS (INCLUDING PROMISE GRANT) - PROVIDES FUNDS TO START-UP AND EXISTING BUSINESSES. IN 2024, NDC HAD A $10 MILLION DOLLAR REVOLVING LOAN FUND. LOANS WERE PROVIDED TO BUSINESSES THAT MET CERTAIN GEOGRAPHICAL AND INCOME CRITERIA. A PORTION OF AVAILABLE FUNDS ARE DEDICATED TO BE USED FOR ISLAMICALLY ACCEPTABLE FINANCING. NDC APPROVED 37 LOANS IN 2024, TOTALING $3,955,450, IN PRIORITY AND OTHER NEIGHBORHOODS, AS FOLLOWS:- 19 SMALL BUSINESS LOANS (LARGER THAN $50K)- 20 MICROLOANS ($50K OR LESS)IN ADDITION, NDC APPROVED 29 CREDIT-BUILDER LOANS IN 2024, TOTALING $8,700.ALSO, THE LENDING DEPARTMENT ADMINISTERED TWO GRANT PROGRAMS IN 2024- THE NDC EMERGENCY GRANTS PROGRAM, WHERE 8 BUSINESSES RECEIVED GRANTS TOTALING $20,000.- THE EQUITY GRANTS PROGRAM, WHERE 4 BUSINESSES RECEIVED GRANTS TOTALING $20,000.
TECHNICAL ASSISTANCE PROGRAM - SUPPORTS THE GROWTH OF NEW AND EXISTING BUSINESSES IN THE COMMUNITY. IN 2024, NDC PROVIDED 3,615 HOURS OF BUSINESS SERVICES TO 695 BUSINESSES IN ITS PRIORITY AND OTHER...
TECHNICAL ASSISTANCE PROGRAM - SUPPORTS THE GROWTH OF NEW AND EXISTING BUSINESSES IN THE COMMUNITY. IN 2024, NDC PROVIDED 3,615 HOURS OF BUSINESS SERVICES TO 695 BUSINESSES IN ITS PRIORITY AND OTHER NEIGHBORHOODS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare NEIGHBORHOOD DEVELOPMENT CENTER INC with other nonprofits in Minnesota and across the country.