NEIGHBORHOOD DEVELOPMENT CORPORATION

EIN: 421489223 501(c)(3) Housing & Shelter

DES MOINES, IA

Total Revenue
$1,361,093
Total Expenses
$757,796
Total Assets
$7,354,780
Net Assets
$5,333,754
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
IA
Principal Officer
SADIE TRYTTEN
Phone
5152448600
Tax Period
2025-01-01 to 2025-12-31

NEIGHBORHOOD DEVELOPMENT CORPORATION, founded in 1999, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2025. Revenue fell 37% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $603K, a strong 44% operating margin.

Mission

TO ENHANCE NEIGHBORHOODS AND COMBAT COMMUNITY DETERIORATION THROUGH REDEVELOPMENT EFFORTS SPECIFICALLY DESIGNED TO CREATE HOUSING, SMALL BUSINESS, AND JOB CREATION OPPORTUNITIES FOR RESIDENTS OF POLK COUNTY, IOWA

Program Service Accomplishments

Program 1
Expenses: $531,255 Revenue: $342,430

NDC SUSTAINABLY ENHANCES NEIGHBORHOODS BY SERVING AS A CATALYST FOR REDEVELOPMENT EFFORTS THAT FOCUS ON CREATING A MIX OF HOUSING AND COMMERCIAL DEVELOPMENT THROUGH COMMUNITY COLLABORATION...

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NDC SUSTAINABLY ENHANCES NEIGHBORHOODS BY SERVING AS A CATALYST FOR REDEVELOPMENT EFFORTS THAT FOCUS ON CREATING A MIX OF HOUSING AND COMMERCIAL DEVELOPMENT THROUGH COMMUNITY COLLABORATION. NEIGHBORHOOD DEVELOPMENT CORPORATION FOCUSES ON THREE ESSENTIAL CORE VALUES WHEN DECIDING ON THE DIRECTION WE WILL TAKE MOVING FORWARD WITH ANY PROJECT: COLLABORATION, REVITALIZATION AND CATALYZATION. IT IS IMPERATIVE WE FOLLOW THESE CORE VALUES BECAUSE WITHOUT THEM WE CANNOT FULFILL OUR TRUE POTENTIAL AS AN ORGANIZATION AND ACHIEVE WHAT WE CALL, THE NDC EFFECT. DEVELOPING PROPERTY WITH OUR METHODOLOGY IGNITES THE PROSPERITY AND VALUE COMMUNITIES NEED TO GROW INTO THE FUTURE. WE LEVERAGE OUR EXPERIENCE, PROFESSIONALISM AND KEY PARTNERSHIPS WITH GOVERNMENT, GENERAL CONTRACTORS AND CITY PLANNERS IN THE INDUSTRY TO PROVIDE INNOVATIVE SOLUTIONS TO UNDERSERVED COMMUNITIES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,000,000
Program Service Revenue $368,375
Investment Income $18,663
Other Revenue $-25,945
TOTAL REVENUE $1,361,093

Expense Breakdown

Grants Paid $0
Salaries & Benefits $279,580
Fundraising Expenses $0
Program Expenses $531,255
Other Expenses $478,216
TOTAL EXPENSES $757,796

Year-over-Year Comparison

2025 2024 Change
Revenue $1,361,093 $2,148,722 -0.4%
Expenses $757,796 $3,509,639 -0.8%
Net Income $603,297 $-1,360,917 -1.4%
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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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
2
Volunteers
9

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
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MEL PINS PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
BRET VANDELUNE PRESIDENT 1.00
Officer Director
$0 $0 $0
CARL VOSS VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
AARON BROWN DIRECTOR 1.00
Director
$0 $0 $0
WHITNEY BAETHKE SECRETARY 1.00
Officer Director
$0 $0 $0
RYAN MORTIER DIRECTOR 1.00
Director
$0 $0 $0
JED GAMMELL DIRECTOR 1.00
Director
$0 $0 $0
MIKE LUDWIG DIRECTOR 1.00
Director
$0 $0 $0
BILL GRAY TREASURER 1.00
Officer Director
$0 $0 $0
SADIE TRYTTEN EXECUTIVE DIRECTOR 40.00
Highest
$147,128 $13,017 $160,145
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
2025 $1,361,093 $757,796 $7,354,780 $603,297
2024 $2,148,722 $3,509,639 $7,172,057 $-1,360,917
2023 $5,325,092 $2,689,025 $10,862,183 $2,636,067
2022 $1,846,921 $1,468,865 $8,334,749 $378,056
2021 $2,495,754 $1,338,719 $6,803,177 $1,157,035
2019 $-391,988 $1,106,017 $4,300,323 $-1,498,005
2018 $2,751,124 $1,725,362 $6,206,188 $1,025,762
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