Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1979.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
72 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
15 people listed on the 990; $743K paid to officers and key staff.
Rafael Mares’s $247K as Executive Director is at the 63rd percentile of top reported officer pay among 676 $10–100M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 6 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Rafael Mares | $247,473 | $189,154 | $154,601 | $168,000 |
| Steven Laferriere | $165,263 | $139,654 | $117,072 | — |
| Cassandra Jean Witthaus | $125,065 | $104,615 | — | — |
| Marilyn Salgado | $114,174 | — | — | — |
| Zixiao Yin | — | $113,846 | — | — |
| Sean K Mock | $91,033 | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Builds and preserves affordable housing while providing financial coaching, career training, and community leadership programs to help low-income families achieve economic stability.
Questions for The Neighborhood Developers INC
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Rental Properties
The rental properties through 2021, TND owned and managed 611 residential apartments that provide an affordable home for low-and-moderate-income individuals and families. A third party vendor, winn residential, provides property management services on our behalf and works closely with TND'S resident services and asset management teams to…
Real state development- the real estate development program reduces and preserves affordable and mixed income multi-family rental properties and homes for sale. The homes that TND produces primarily benefit low-income households earning 60% or less of the area median income.
Connect
The connect program helps address displacement among low-income individuals and families by stabilizing their financial outlook and providing tools to help these households manage, and grow their income through financial capability, workforce development, and housing and income stabilization programming.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $3.4M | $4.1M |
| Land, buildings, equipmentLn 10c | $14.3M | $14.4M |
| Total assetsLn 16 | $34.9M | $43.4M |
| LiabilitiesLn 26 | $23.4M | $29.3M |
| Net assetsLn 32 | $11.5M | $14.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $831K | $831K | ||
| Pay of current officers, directors and key staffLn 5 | $743K | $488K | $148K | $107K |
| Other salaries and wagesLn 7 | $2.9M | $1.9M | $567K | $449K |
| Other employee benefitsLn 9 | $735K | $518K | $157K | $59K |
| Management feesLn 11a | $99K | $99K | ||
| Legal feesLn 11b | $45K | $21K | $23K | $1K |
| Accounting feesLn 11c | $144K | $68K | $72K | $4K |
| Professional fundraising feesLn 11e | $33K | $33K | ||
| Other fees for servicesLn 11g | $1.6M | $1.2M | $436K | |
| Office expensesLn 13 | $487K | $251K | $203K | $33K |
| OccupancyLn 16 | $921K | $728K | $180K | $12K |
| Depreciation, depletion and amortizationLn 22 | $398K | $389K | $10K | |
| Total functional expensesLn 25 | $8.9M | $6.5M | $1.8M | $700K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $11.5M | $8.9M | $2.6M | $14.1M | 990 PDF |
| FY2023 | $8.3M | $8.7M | −$356K | $11.5M | 990 PDF |
| FY2022 | $9.9M | $9.0M | $886K | $11.9M | 990 PDF |
| FY2021 | $8.0M | $7.2M | $713K | $11.0M | 990 PDF |
| FY2020 | $6.0M | $5.9M | $148K | $10.3M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $11,543,347 revenue, 12 lines filed
Part VI · Governance 10 of 10 board members independent, 1 to look at
Part VIII · Statement of revenue $11,543,347 across 5 lines filed
Part IX · Statement of functional expenses $8,949,973 across 12 lines filed
Part X · Balance sheet $43,371,059 assets, 15 lines filed
Part XI · Reconciliation of net assets $14,105,377 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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