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Neighborhood Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 341080125 ✦ Akron, OH ✦ Designated as a 501(c)(3)

Overview

What is Neighborhood Development Corporation?

Neighborhood Development Corporation is a nonprofit organization based in Akron, Ohio, specifically located at 662 Wolf Ledges Parkway. Their primary mission is to offer housing assistance to eligible low-income individuals and families, enabling them to secure safe and affordable housing. This mission is achieved through housing payments, demonstrating innovative techniques, materials, and building layouts in both construction and rehabilitation projects. The organization's purpose extends beyond providing affordable housing, as they strive to showcase innovative housing concepts and approaches.


Is Neighborhood Development Corporation legitimate?

Neighborhood Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $513,866

For more financial information, click here


What is the mission statement of Neighborhood Development Corporation?
Who is the CEO of Neighborhood Development Corporation?
What is the revenue of Neighborhood Development Corporation?
Who are the executives of Neighborhood Development Corporation and what are their salaries?
Where can I find the form 990 for Neighborhood Development Corporation?

Mission Statement of Neighborhood Development Corporation

Neighborhood Development Corporation, as a nonprofit organization, is committed to providing affordable and low-cost housing solutions. The corporation demonstrates innovative techniques, materials, and building layouts in its housing projects, construction, and renovations. Its mission is to make a significant impact in the housing sector by showcasing innovative methods and designs, thereby making housing more accessible and affordable for individuals and families who are financially disadvantaged. Through its housing assistance programs, the organization provides financial aid in the form of housing assistance payments to eligible low-income individuals and families, enabling them to secure safe and reasonably priced housing.

Impact

This information is meant to be a general summary of Neighborhood Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Neighborhood Development Corporation's impact is significant in providing low and moderate-cost housing options to individuals and families in Akron, OH. Through their housing assistance programs, they enable eligible low-income individuals to access safe and affordable housing. By demonstrating innovative techniques, materials, and building layouts in housing construction and rehabilitation, they contribute to improving housing options for those in need. Their focus on providing housing assistance aligns with their mission to offer housing solutions that benefit the community.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $3,479,527
  • Gross Receipts: $3,690,930

    • Assets and Liabilities:
  • Total Assets: $15,968,395
  • Total Liabilities: $13,734,565
  • Net Assets: $2,233,830
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PROGRAM INCOME

    Revenue

    $186,786

    RENTAL INCOME

    Revenue

    $2,695,292

    DEVELOPMENT FEES

    Revenue

    $597,449

    Organization Details

    Founding Year

    2000

    Principal Officer

    Albert Bragg Jr

    Main Address

    662 WOLF LEDGES PARKWAY, Akron, OH, 44311

    NTEE Category

    Code: L20Z - Housing

    If you are a representative of Neighborhood Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.