NEIGHBORHOOD ECONOMIC DEVELOPMENT CORPORATION

EIN: 860888028 501(c)(3) Community Improvement

MESA, AZ

Total Revenue
$249,787
Total Expenses
$3,321
Total Assets
$155,342
Net Assets
$-42,913
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
AZ
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.

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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 (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

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Liquidity & Cash Position

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Governance

Voting Members
31
Independent Members
31
Employees
N/A
Volunteers
31

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
9
$832,385
Total Directors
31
$0
Key Employees
0
$0
Highest Compensated
0
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
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