EIN 41-1738791

Neighborhood Development Center

IRS 501(c) type
501(c)(3)
Num. employees
51
Year formed
1993
Most recent tax filings
2022-12-01
Description
Neighborhood Development Center empowers low-income entrepreneurs and communities in Saint Paul, MN through financing programs and business training.
Total revenues
$11,058,060
2022
Total expenses
$11,928,537
2022
Total assets
$39,676,153
2022
Num. employees
51
2022

Program areas at Neighborhood Development Center

Real estate Development initiative program - encourages Neighborhood revitalization, property ownership, and business ownership by entrepreneurs within specific priority low-income neighborhoods.
Technical assistance program - supports the growth of new and existing businesses in the community. In 2022, ndc provided 4,504 hours of business services to 271 businesses in its priority and other neighborhoods.
Lending and financing program - provides funds to start-up and existing businesses. In 2022, ndc had a $10 million dollar revolving loan fund. Loans were provided to businesses that met certain geographical and income criteria. A portion of available funds was used for islamically acceptable financing. Ndc approved 42 loans in 2022, totaling $2,923,246, in priority and other neighborhoods, as follows: - 11 small business loans (larger than $50k), - 31 microloans ($50k or less). Also, the lending department administered two grant programs in 2022. The ndc emergency grants program, where 57 businesses received grants totaling $313,800. The main street covid relief grants program, where 176 businesses received $10k to $15k grants totaling $1,905,000.
Entrepreneur training program - offers weekly sessions which train participants to own and operate their own businesses. By the end of the training session, participants will have developed a business plan and have had individual sessions with a professional training consultant. Ndc works with Neighborhood partners to enhance their capacity to create and conduct economic Development initiatives within their own communities. In 2022, ndc and its Neighborhood partners offered 19 entrepreneur training classes to 213 enrolled aspiring entrepreneurs from various ethnic groups and neighborhoods. In addition, aspiring entrepreneurs received 643 hours of one-on-one training consultations. During the same year, ndc also offered 59 business-related workshops to 245 entrepreneurs.

Grants made by Neighborhood Development Center

GranteeGrant descriptionAmount
Ten Thousand Things TheaterMainstreet Relief Grant$15,000
Minnesota International ChineseMainstreet Relief Grant$15,000
American Legion Arcade-Phalen Post 577Mainstreet Relief Grant$10,000
...and 6 more grants made

Who funds Neighborhood Development Center

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Otto Bremer Trust (OBT)CBFC Emergency Fund$750,000
The Constellation FundGeneral Operating Support$400,000
W.K. Kellogg Foundation (WKKF)To Provide Technical Assistance To Low Income Communities Desiring To Retain Existing Or Have New Small Businesses That Provide Goods, Services, and Creation of New Jobs in Their Neighborhoods$299,999
...and 35 more grants received totalling $2,762,173

Personnel at Neighborhood Development Center

NameTitleCompensation
Mihailo TemaliChief Executive Officer$195,797
Tammie NasseffChief Financial Officer$105,378
Kathy MoriartyChief Administrative Offic$115,127
Renay DossmanExecutive Director$215,052
Ben JohnsonSenior Real Estate Director$110,117
...and 5 more key personnel

Financials for Neighborhood Development Center

RevenuesFYE 12/2022
Total grants, contributions, etc.$9,858,064
Program services$1,295,492
Investment income and dividends$9,778
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$-81,884
Net gain from sale of non-inventory assets$0
Net income from fundraising events$-23,390
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$11,058,060

Form 990s for Neighborhood Development Center

Fiscal year endingDate received by IRSFormPDF link
2022-122023-09-05990View PDF
2021-122022-09-08990View PDF
2020-122021-10-13990View PDF
2019-122021-03-31990View PDF
2018-122019-11-15990View PDF
...and 9 more Form 990s
Data update history
February 3, 2024
Received grants
Identified 13 new grant, including a grant for $175,000 from The McKnight Foundation
November 14, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 9, 2023
Updated personnel
Identified 3 new personnel
October 23, 2023
Received grants
Identified 5 new grant, including a grant for $750,000 from Otto Bremer Trust (OBT)
July 24, 2023
Received grants
Identified 36 new grant, including a grant for $800,000 from The James M Stanton Foundation
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCommunity Development Financial InstitutionsHeadquarter / parent organizationsCharities
Issues
Human servicesCommunity improvementEconomic development
Characteristics
Political advocacyLobbyingFundraising eventsState / local levelReceives government fundingGala fundraisersTax deductible donations
General information
Address
625 University Ave
Saint Paul, MN 55104
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
Website URL
ndc-mn.org/ 
Phone
(651) 291-2480
IRS details
EIN
41-1738791
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1993
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Central organization
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