Northwest Tennessee Development: FY2024 Nonprofit Profile & Form 990 (EIN 62-0852637)

Lori Kelley-Burdine’s $99K as Exec Director is at the 19th percentile of top reported officer pay among 2832 $1–10M community development 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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
John Bucy	—	—	—	—	—	$120,519
Lori Kelley-Burdine	$99,000	—	—	—	—	—
Melinda Goode	—	$96,252	$92,550	$88,990	$85,397	—
Katelyn Edwards	$74,795	$56,784	$54,600	$52,500	—	—
Craig Corum	—	—	—	—	$63,185	$63,972
Betty Waggener	$58,207	$50,871	$48,915	$47,033	$49,587	$49,139

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

Supports elderly residents in Northwest Tennessee with essential services.

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1 program · $5.9M · in their own filed words · FY2023

01

To provide services for elderly in the northwest tennessee region

$5.9Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2022

Center for Disaster Philanthropy INCFY2022$80K

Total grants receivedfrom 1 funder$80K

By the numbers

The FY2024 990, line by line.

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1The main four

Money inPt VIII

$7.0M

Ln 12

Gifts and grantsLn 1h$6.4M

Other incomeLn 4–11$640K

Investment incomeLn 3$10K

Money outPt IX

$7.2M

Ln 25

Programscol B$5.9M

Managementcol C$1.2M

Owns and owesPt X

−$71K

net assets · Ln 32

Cash and savingsLn 1–2$1.0M

Total assetsLn 16$5.1M

LiabilitiesLn 26$5.1M

PeoplePt VI, VII

13

listed · VII A

PaidVII A3

Voting boardVI 1a12

IndependentVI 1b12

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$6.4M

Government grantsLn 1e$6.4M

Investment incomeLn 3$10K

Other incomeLn 4–11$640K

Total revenueLn 12$7.0M

Assets in detailPt X, end of year

CashLn 1$1.0M

Cash and savings togetherLn 1–2$1.0M

Land, buildings, equipmentLn 10c$717K

Other assetsLn 15$1.3M

Total assetsLn 16$5.1M

LiabilitiesLn 26$5.1M

Net assetsLn 32−$71K

OperationsPt I, VI

EmployeesI 543

VolunteersI 660

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$1.2M	$1.0M
Land, buildings, equipmentLn 10c	$754K	$717K
Total assetsLn 16	$5.3M	$5.1M
LiabilitiesLn 26	$5.3M	$5.1M
Net assetsLn 32	$94K	−$71K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$1.8M	$1.4M	$409K
Pension plan contributionsLn 8	$170K	$121K	$49K
Other employee benefitsLn 9	$314K	$229K	$85K
Payroll taxesLn 10	$115K	$85K	$30K
Legal feesLn 11b	$18K	$17K	$777
Accounting feesLn 11c	$29K	$25K	$4K
Office expensesLn 13	$546K	$476K	$70K
Information technologyLn 14	$10K	$10K
OccupancyLn 16	$150K	$115K	$35K
TravelLn 17	$139K	$124K	$16K
Conferences, conventions and meetingsLn 19	$37K	$17K	$19K
InterestLn 20	$67K		$67K
Depreciation, depletion and amortizationLn 22	$37K	$37K
Other expenses (24a–d)Ln 24	$3.5M	$3.1M	$441K
All other expensesLn 24e	$244K	$244K	$90
Total functional expensesLn 25	$7.2M	$5.9M	$1.2M	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$7.4M	$7.4M	−$12K	−$83K	990 PDF
FY2024 Viewing	$7.0M	$7.2M	−$165K	−$71K	990 PDF
FY2023	$8.4M	$8.6M	−$211K	$94K	990 PDF
FY2022	$7.1M	$7.1M	−$14K	$305K	990 PDF
FY2021	$6.5M	$6.5M	$13K	$319K	990 PDF
FY2020	$6.0M	$6.0M	$36K	$306K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $7,011,076 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $7,705,852$6,361,377

I-9 Program service revenue$0

I-10 Investment incomePrior year $10,735$9,508

I-11 Other revenuePrior year $660,538$640,191

I-12 Total revenuePrior year $8,377,125$7,011,076

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $2,453,980$2,401,262

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $6,134,271$4,774,815

I-18 Total expensesPrior year $8,588,251$7,176,077

I-19 Revenue less expensesPrior year −$211,126−$165,001

Part VI · Governance 12 of 12 board members independent, 1 to look at

VI-1a Voting members of the governing body12

VI-1b Independent voting members12

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $7,011,076 across 5 lines filed

VIII-1e Government grants$6,361,377

VIII-1h Total contributions, gifts and grants$6,361,377

VIII-3 Investment incomeRelated to mission $9,508$9,508

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $640,191$640,191

VIII-12 Total revenueRelated to mission $649,699$7,011,076

Part IX · Statement of functional expenses $7,176,077 across 15 lines filed

IX-7 Other salaries and wagesPrograms $1,392,375 · Management $409,408$1,801,783

IX-8 Pension plan contributionsPrograms $121,479 · Management $48,592$170,071

IX-9 Other employee benefitsPrograms $228,967 · Management $85,036$314,003

IX-10 Payroll taxesPrograms $85,036 · Management $30,369$115,405

IX-11b Legal feesPrograms $16,776 · Management $777$17,553

IX-11c Accounting feesPrograms $25,301 · Management $3,995$29,296

IX-13 Office expensesPrograms $476,014 · Management $69,603$545,617

IX-14 Information technologyPrograms $10,127$10,127

IX-16 OccupancyPrograms $114,641 · Management $35,195$149,836

IX-17 TravelPrograms $123,751 · Management $15,680$139,431

IX-19 Conferences, conventions and meetingsPrograms $17,224 · Management $19,289$36,513

IX-20 InterestManagement $67,459$67,459

IX-22 Depreciation, depletion and amortizationPrograms $37,077$37,077

IX-24 Other expenses (24a–d)Programs $3,056,054 · Management $441,476$3,497,530

IX-24e All other expensesPrograms $244,286 · Management $90$244,376

IX-25 Total functional expensesPrograms $5,949,108 · Management $1,226,969 · Fundraising $0$7,176,077

Part X · Balance sheet $5,071,529 assets, 12 lines filed

Asset lines not itemized here account for $133,724; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $1,198,515$1,000,226

X-3 Pledges and grants receivableStart of year $980,873$894,054

X-4 Accounts receivableStart of year $972,148$1,026,337

X-10c Land, buildings and equipment, netStart of year $753,973$716,896

X-15 Other assetsStart of year $1,272,326$1,300,292

X-16 Total assetsStart of year $5,349,245$5,071,529

X-17 Accounts payable and accrued expensesStart of year $508,390$463,829

X-19 Deferred revenueStart of year $2,063,059$2,054,544

X-25 Other liabilitiesStart of year $2,684,122$2,624,483

X-26 Total liabilitiesStart of year $5,255,571$5,142,856

X-32 Total net assets or fund balancesStart of year $93,674−$71,327

X-33 Total liabilities and net assetsStart of year $5,349,245$5,071,529

Part XI · Reconciliation of net assets −$71,327 net assets at year end

XI-1 Total revenue$7,011,076

XI-2 Total expenses$7,176,077

XI-3 Revenue less expenses−$165,001

XI-4 Net assets at start of year$93,674

XI-10 Net assets at end of year−$71,327

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Northwest Tennessee Development FY2024 filing

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