NEIGHBORHOOD DEVELOPMENT CORPORATION (EIN 421489223) - 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

1999

Legal Domicile

Principal Officer

SADIE TRYTTEN

Phone

5152448600

Tax Period

2024-01-01 to 2024-12-31

NEIGHBORHOOD DEVELOPMENT CORPORATION, founded in 1999, is a community nonprofit in the Housing & Shelter sector that reported $2.1M in total revenue in fiscal year 2024. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $3.5M exceeded revenue, resulting in a 63% operating deficit.

Mission

NDC WILL SUSTAINABLY ENHANCE 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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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 $2,010,000

Program Service Revenue $228,553

Investment Income $46,590

Other Revenue $-136,421

TOTAL REVENUE $2,148,722

Expense Breakdown

Grants Paid $0

Salaries & Benefits $454,245

Fundraising Expenses $0

Program Expenses $3,213,480

Other Expenses $3,055,394

TOTAL EXPENSES $3,509,639

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,148,722	$5,325,092	-0.6%
Expenses	$3,509,639	$2,689,025	+0.3%
Net Income	$-1,360,917	$2,636,067	-1.5%

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

$226,222

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEL PINS	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRET VANDELUNE	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
CARL VOSS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
HOLLY OLSON	TREASURER	1.00	Officer Director	$0	$0	$0
WHITNEY BAETHKE	SECRETARY	1.00	Officer Director	$0	$0	$0
STEPHANIE MURPHY	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	COMMUNITY LEADER	1.00	Director	$0	$0	$0
ABBEY GILROY	EXECUTIVE DIRECTOR	40.00	Officer	$197,833	$28,389	$226,222
SADIE TRYTTEN	DIRECTOR OF REAL ESTATE	40.00	Highest	$135,917	$7,805	$143,722

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	$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

NEIGHBORHOOD DEVELOPMENT CORPORATION