Program areas at Neighborhood Development Alliance
The housing services provided by neda are described below: home ownership advising services: neda is a bi-lingual (spanish/english) hud-certified counseling agency providing bi-lingual pre-purchase, post-purchase, and foreclosure prevention counseling. Neda offers bi-lingual credit counseling and financial literacy coaching and workshops. Through neda centro de finanzas, neda originates credit builder loans and home rehab loans. Community Development: neda provides commercial building rehab loans on st. paul's west side. Real estate Development: builds new and rehabs multi-family and single family housing for low-income renters and low-income homeowners. Through neda centro de finanzas, llc, neda originates home rehab loans and advises on subsequent rehab construction for energy efficient upgrades and code compliance. Neda centro de finanzas, llc is a wholly owned subsidiary of neda and a community Development financial institution.
Real estate operations: the real estate operations represent those activities of wabasha center, stryker senior housing llc, and the terraces, llc. Wabasha center houses neda's offices and a child care center. The terraces, llc owns mclean (24 units) and wabasha terrace (11 units) apartments located in st. paul, Minnesota. Stryker senior housing stryker senior housing llc is an 55+ affordable senior housing complex consisting of 57 units of which 75% are for those earning 30% of ami and an additional 14 units for those with incomes below 60% ami. Stryker senior housing began leasing in december 2023.
Who funds Neighborhood Development Alliance
Grants from foundations and other nonprofits
Personnel at Neighborhood Development Alliance
| Name | Title | Compensation | Date of data |
|---|
| Karen Reid | Executive Director | $72,600 | 2024-01-17 |
| Hokan Miller | Treasurer | $0 | 2023-06-30 |
| Heidi Welch | Vice President | $0 | 2023-06-30 |
| Joannette Cintron | President | $0 | 2023-06-30 |
| Rene Lopez | Secretary | $0 | 2021-11-08 |
| ...and 2 more key personnel |
Financials for Neighborhood Development Alliance
| Revenues | FYE 06/2023 | FYE 06/2022 | % Change |
|---|
| Total grants, contributions, etc. | $988,907 | $635,993 | 55.5% |
| Program services | $828,211 | $597,975 | 38.5% |
| Investment income and dividends | $36,690 | $5,134 | 614.6% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $2,146 | -100% |
| Total revenues | $1,853,808 | $1,241,248 | 49.4% |
Organizations like Neighborhood Development Alliance
| Organization | Type | Location | Revenue |
|---|
| Pitkin Avenue District Management Association | 501(c)(3) | Brooklyn, NY | $822,828 |
| Rosedale Development Association | 501(c)(3) | Kansas City, KS | $496,924 |
| Flatiron23rd Street Partnership District Management Association | 501(c)(3) | New York, NY | $7,394,782 |
| Scranton Tomorrow | 501(c)(3) | Scranton, PA | $467,051 |
| Jack London Improvement District | 501(c)(3) | Oakland, CA | $1,378,939 |
| Hudson Yards Hells Kitchen Alliance | 501(c)(3) | New York, NY | $3,348,995 |
| University Area Community Development Corporation | 501(c)(3) | Tampa, FL | $6,173,158 |
| Envision Utah | 501(c)(3) | Salt Lake City, UT | $1,876,806 |
| Cleveland Neighborhood Progress | 501(c)(3) | Cleveland, OH | $8,080,055 |
| Wilkinsburg Community Development Corporation | 501(c)(3) | Wilkinsburg, PA | $605,872 |
Data update history
June 6, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 18, 2024
Received grants
Identified 4 new grant, including a grant for $60,000 from Target Foundation Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvement
Characteristics
LobbyingReceives government fundingTax deductible donationsAccepts online donations
General information
- Address
- 481 S Wabasha
- Saint Paul, MN 55107
- Metro area
- Minneapolis-St. Paul-Bloomington, MN-WI
- County
- Ramsey County, MN
- Website URL
- nedahome.org/Â
- Phone
- (651) 292-0131
IRS details
- EIN
- 41-1658636
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 1989
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S20: Community, Neighborhood Development, Improvement
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Independent
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