philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Neighborhood Development Corporation

Tax-deductible

Tupelo, MS501(c)(3)HousingEIN 64-0894608Revenue $212K in FY2025

On file with the IRStupeloms.gov/development/coPo Box 782, 38802-0782 · Tupelo, MSTax-exempt since Dec 1999Publicly supported charity — 170(b)(1)(A)(vi)

This page gets seen. Tell your story. Claim this org.

Neighborhood Development Corporation (ndc) is a non-profit, tax exempt, housing organization created to promote the redevelopment of deteriorating neighborhoods in tupelo and throughout lee county, focusing on education, assistance, and revitalization. Ndcs programs and services are changing lives and neighborhoods, developing residential leadership, increasing home ownership for low and moderate income families, and building community. Governed by a local board of directors, ndc is partnering with local, state, and national agencies and organizations, as well as private developers, to promote redevelopment efforts in neighborhoods.

501(c)(3) charity; gifts are tax-deductible.
57¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $49K a year · 122% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
57%
of spending
Worth a look: 57% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
250 mo
of spending, in cash
Looks good: 249.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$212K
-41% vs prior year
Spent
$37K
To programs
57%
Net assets
$1.5M
By yearFY2020–FY2025
Revenue
$212K
FY2025▼ -41%
Tap a bar for its year
Revenue by fiscal year
FY2020$25K
FY2021−$301K
FY2022−$9K
FY2023−$46K
FY2024$359K
FY2025$212K
Expenses
$37K
FY2025▲ +85%
Tap a bar for its year
Expenses by fiscal year
FY2020$10K
FY2021$46K
FY2022$399K
FY2023$20K
FY2024$20K
FY2025$37K
Net assets
$1.5M
FY2025▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.8M
FY2021$1.4M
FY2022$1.0M
FY2023$969K
FY2024$1.3M
FY2025$1.5M

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1999.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

57 cents of each dollar spent went to programs.

Program services 57% · $21K Management & general 18% · $7K Fundraising 25% · $9K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

19 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Terry Clay
Director
$0Pt VII · Sec A
Larry Coggin
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Pat Falkner
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Randy Harris
Director
$0Pt VII · Sec A
See Neighborhood Development Corporation executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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 15aYes

Programs and updates

Revitalizes neighborhoods through education, assistance, and increasing homeownership.

Questions for Neighborhood Development Corporation

Tap to ask. Neighborhood Development Corporation sees how many people are interested.

Your first name shows with your question. Neighborhood Development Corporation answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $21K · in their own filed words · FY2025
01

The organization participates in a variety of neighborhood revitalization efforts. In addition to the foregoing, the city of tupelo named the organization as grantee in the neighborhood revitalization project on west jackson street in tupelo, mississippi and the organization acquired and demolished distressed properties and is selling…

$21Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$212K
Ln 12
Gifts and grantsLn 1h$275K
Investment incomeLn 3$85
Money outPt IX
$37K
Ln 25
Programscol B$21K
Managementcol C$7K
Fundraisingcol D$9K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$776K
Total assetsLn 16$1.5M
LiabilitiesLn 26$0
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$275K
Investment incomeLn 3$85
Gains on assetsLn 7−$63K
Total revenueLn 12$212K
Assets in detailPt X, end of year
CashLn 1$691K
SavingsLn 2$85K
Cash and savings togetherLn 1–2$776K
Land, buildings, equipmentLn 10c$14K
Other assetsLn 15$693K
Total assetsLn 16$1.5M
LiabilitiesLn 26$0
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$808K$776K
Land, buildings, equipmentLn 10c$14K$14K
Total assetsLn 16$1.3M$1.5M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.3M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$11K$3K$5K$3K
Advertising and promotionLn 12$195$29$20$146
Office expensesLn 13$353$71$212$70
InsuranceLn 23$4K$2K$756$756
Other expenses (24a–d)Ln 24$22K$16K$210$5K
Total functional expensesLn 25$37K$21K$7K$9K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $212K$37K$175K$1.5M 990 PDF
FY2024 $359K$20K$339K$1.3M 990 PDF
FY2023 −$46K$20K−$66K$969K 990 PDF
FY2022 −$9K$399K−$408K$1.0M 990 PDF
FY2021 −$301K$46K−$347K$1.4M 990 PDF
FY2020 $25K$10K$15K$1.8M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $212,173 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $530,900$275,000
I-9 Program service revenue$0
I-10 Investment incomePrior year −$171,476−$62,827
I-11 Other revenue$0
I-12 Total revenuePrior year $359,424$212,173
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $20,171$37,247
I-18 Total expensesPrior year $20,171$37,247
I-19 Revenue less expensesPrior year $339,253$174,926
Part VI · Governance 19 of 19 board members independent, 2 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $212,173 across 5 lines filed
VIII-1f All other contributions, gifts and grants$275,000
VIII-1h Total contributions, gifts and grants$275,000
VIII-3 Investment incomeExcluded from tax $85$85
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$62,912−$62,912
VIII-12 Total revenueExcluded from tax −$62,827$212,173
Part IX · Statement of functional expenses $37,247 across 5 lines filed
IX-11b Legal feesPrograms $2,730 · Management $5,461 · Fundraising $2,730$10,921
IX-12 Advertising and promotionPrograms $29 · Management $20 · Fundraising $146$195
IX-13 Office expensesPrograms $71 · Management $212 · Fundraising $70$353
IX-23 InsurancePrograms $2,266 · Management $756 · Fundraising $756$3,778
IX-24 Other expenses (24a–d)Programs $16,307 · Management $210 · Fundraising $5,483$22,000
IX-25 Total functional expensesPrograms $21,403 · Management $6,659 · Fundraising $9,185$37,247
Part X · Balance sheet $1,482,934 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $723,056$690,700
X-2 Savings and temporary cash investmentsStart of year $84,944$85,029
X-10c Land, buildings and equipment, netStart of year $14,400$14,400
X-15 Other assetsStart of year $485,608$692,805
X-16 Total assetsStart of year $1,308,008$1,482,934
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $1,308,008$1,482,934
X-32 Total net assets or fund balancesStart of year $1,308,008$1,482,934
X-33 Total liabilities and net assetsStart of year $1,308,008$1,482,934
Part XI · Reconciliation of net assets $1,482,934 net assets at year end
XI-1 Total revenue$212,173
XI-2 Total expenses$37,247
XI-3 Revenue less expenses$174,926
XI-4 Net assets at start of year$1,308,008
XI-10 Net assets at end of year$1,482,934

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.