NEIGHBORHOOD ECONOMIC DEVELOPMENT … - Form 990 Financial Data

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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

1997

Legal Domicile

Principal Officer

MICHAEL HUGHES

Phone

4809694024

Tax Period

2021-07-01 to 2022-06-30

NEIGHBORHOOD ECONOMIC DEVELOPMENT CORPORATION, founded in 1997, is a small nonprofit in the Community Improvement sector that reported $250K in total revenue in fiscal year 2021. Revenue surged 2575% from the prior year, signaling strong growth momentum. The organization ran a surplus of $246K, a strong 99% operating margin.

Mission

TO FINANCE ECONOMIC DEVELOPMENT INITIATIVES IN LOW/MODERATE INCOME NEIGHBORHOODS IN ARIZONA.

Program Service Accomplishments

Program 1

Expenses: $3,321

THE NEIGHBORHOOD ECONOMIC DEVELOPMENT CORPORATION IS A CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION THAT PROVIDES BUSINESS LOANS, TRAINING, TECHNICAL ASSISTANCE AND FINANCIAL SUPPORT WITHIN TARGETED AREAS OF THE COMMUNITY. NEDCO COLLABORATES AND PARTNERS WITH LOCAL MUNICIPALITIES, BUSINESSES, DEVLOPERS AND OTHER INSITUTIONS TO MEET COMMUNITY DEVELOPMENT GOALS IN THE METRO AREA. THIS FUNDING CONTINUES TO PROVE SUCCESSFUL IN CREATING EMPLOYMENT OPPORTUNITIES FOR LOW TO MODERATE INCOME INDIVIDUALS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $247,842

Program Service Revenue $0

Investment Income $1,945

Other Revenue $0

TOTAL REVENUE $249,787

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,121

Fundraising Expenses $0

Program Expenses $3,321

Other Expenses $200

TOTAL EXPENSES $3,321

Year-over-Year Comparison

	2021	2020	Change
Revenue	$249,787	$9,339	+25.7%
Expenses	$3,321	$25,812	-0.9%
Net Income	$246,466	$-16,473	-16.0%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

$832,385

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNE BENNETT-PEREZ	BOARD MEMBER	0.10	Director	$0	$0	$0
BETTY LYNCH	BOARD MEMBER	0.10	Director	$0	$0	$0
BRAD SNYDER	BOARD MEMBER	0.10	Director	$0	$0	$0
CHRISTINA WORDEN	BOARD MEMBER	0.10	Director	$0	$0	$0
CHRISTOPHER MINER	BOARD MEMBER	0.10	Director	$0	$0	$0
CLARK RICHTER	BOARD MEMBER	0.10	Director	$0	$0	$0
DALE EASTER	BOARD MEMBER	0.10	Director	$0	$0	$0
DAVE WOOLSTRUM	BOARD MEMBER	0.10	Director	$0	$0	$0
DAVID DUNLEVY	BOARD MEMBER	0.10	Director	$0	$0	$0
DEANNA VILLANUEVA-SAUCEDO	BOARD MEMBER	0.10	Director	$0	$0	$0
DEBORAH REVER	BOARD MEMBER	0.10	Director	$0	$0	$0
DEBORAH SMITH	BOARD MEMBER	0.10	Director	$0	$0	$0
DIANE WARNER	BOARD MEMBER	0.10	Director	$0	$0	$0
SHEILA BREEN	BOARD MEMBER	0.10	Director	$0	$0	$0
FRANCESCA GODI	BOARD MEMBER	0.10	Director	$0	$0	$0
FRANK BENNETT	BOARD MEMBER	0.10	Director	$0	$0	$0
KARA JOHNSON	BOARD MEMBER	0.10	Director	$0	$0	$0
LEVI LEYBA	BOARD MEMBER	0.10	Director	$0	$0	$0
MARTHA PICCIAO	BOARD MEMBER	0.10	Director	$0	$0	$0
MARVIN ROBINSON	BOARD MEMBER	0.10	Director	$0	$0	$0
MIKE HUTCHINSON	BOARD MEMBER	0.10	Director	$0	$0	$0
PHILIP MCLAUGHLIN	BOARD MEMBER	0.10	Director	$0	$0	$0
PETER EBERLE	BOARD MEMBER	0.10	Director	$0	$0	$0
RENEE HIGGS	BOARD MEMBER	0.10	Director	$0	$0	$0
GUY MIOTKE	BOARD MEMBER	0.10	Director	$0	$0	$0
TODD SKINNER	BOARD MEMBER	0.10	Director	$0	$0	$0
WILLIAM SCOTT	CHAIR	0.10	Officer Director	$0	$0	$0
TYLER ABRAHAMS	VICE CHAIR	0.10	Officer Director	$0	$0	$0
CAROLYN IACOBELLI	TREASURER	0.10	Officer Director	$0	$0	$0
REBECCA LINDGREN	SECRETARY	0.10	Officer Director	$0	$0	$0
RACHEL TARMAN	BOARD MEMBER	0.10	Director	$0	$0	$0
MICHAEL HUGHES	CHIEF EXECUTIVE OFFICER	1.00	Officer	$0	$10,044	$276,540
CATHERINE DYCIEWSKI	CHIEF ADMINISTRATIVE OFFICER	1.00	Officer	$0	$13,624	$153,361
CONSTANCE ORR	CHIEF OPERATIONS OFFICER	1.00	Officer	$0	$7,209	$136,446
KATHLEEN DI NOLFI	CHIEF PROGRAM OFFICER	1.00	Officer	$0	$6,943	$136,402
JOSEPH DULIN	CHIEF PHILANTHROPY OFFICER	1.00	Officer	$0	$15,529	$129,636

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
2022	$249,787	$3,321	$155,342	$246,466
2021	$9,339	$25,812	$262,073	$-16,473
2020	$212,202	$424,304	$363,311	$-212,102
2019	$180,438	$292,495	$527,994	$-112,057
2018	$201,720	$290,506	$553,205	$-88,786

NEIGHBORHOOD ECONOMIC DEVELOPMENT CORPORATION