NORTH EAST NEIGHBORHOODS DEVELOPMENT CORPORATION

EIN: 411754720 501(c)(3)

ST PAUL, MN

Total Revenue
$3,402
Total Expenses
$29,444
Total Assets
N/A
Net Assets
N/A
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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
1992
Legal Domicile
MN
Principal Officer
KATHLEEN DONNELLY-COHEN
Phone
6517716955
Tax Period
2024-01-01 to 2024-03-15

NORTH EAST NEIGHBORHOODS DEVELOPMENT CORPORATION, founded in 1992, is a micro nonprofit that reported $3K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $29K exceeded revenue, resulting in a 765% operating deficit.

Mission

THE ORGANIZATION WAS ESTABLISHED IN ORDER TO PROMOTE AND IMPROVE HOUSING ECONOMIC DEVELOPMENT AND REDEVELOPMENT WITHIN ITS SERVICE AREA.

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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 $0
Program Service Revenue $0
Investment Income $0
Other Revenue $3,402
TOTAL REVENUE $3,402

Expense Breakdown

Grants Paid $27,444
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $27,444
Other Expenses $2,000
TOTAL EXPENSES $29,444

Year-over-Year Comparison

2023 2022 Change
Revenue $3,402 $5,456 -0.4%
Expenses $29,444 $535,208 -0.9%
Net Income $-26,042 $-529,752 -1.0%
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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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
N/A

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
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CEDRICK BAKER DIRECTOR 0.50
Director
$0 $0 $0
VICTORIA CAPRIONI DIRECTOR 0.50
Director
$0 $0 $0
DELORES HENDERSON DIRECTOR 0.50
Director
$0 $0 $0
STEPHANIE HENDERSON DIRECTOR 0.50
Director
$0 $0 $0
ROBERT HUMPHREY DIRECTOR 0.50
Director
$0 $0 $0
JEAN JANSEN SECRETARY 0.50
Officer Director
$0 $0 $0
MARJE MANGINE VICE PRESIDE 0.50
Officer Director
$0 $0 $0
JERRY ROMERO TREASURER 0.50
Officer Director
$0 $0 $0
CASSIE STEWART DIRECTOR 0.50
Director
$0 $0 $0
GARY UNGER DIRECTOR 0.50
Director
$0 $0 $0
BARBARA WENCL DIRECTOR 0.50
Director
$0 $0 $0
KATHLEEN DONNELLY-COHEN PRESIDENT 0.50
Officer
$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 $3,402 $29,444 No data $-26,042
2023 $5,456 $535,208 $27,291 $-529,752
2022 $14,579 $51,886 $561,403 $-37,307
2021 $257,333 $351,393 $599,496 $-94,060
2020 $87,960 $171,944 $719,686 $-83,984
2019 $212,906 $299,381 $802,392 $-86,475
2018 $496,385 $568,371 $878,439 $-71,986
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