EIN 42-1489223

Neighborhood Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
3
State
Year formed
1999
Most recent tax filings
2023-12-01
Description
Neighborhood Development Corporation acquires and redevelops deteriorated properties in Polk County, Iowa to enhance neighborhoods and combat community deterioration. They design specifically tailored redevelopment efforts to create housing, small business, and job creation opportunities for residents of Polk County. The organization acquires commercial and residential properties for future development consistent with government approved development plans to contribute to the creation of housing, small businesses, and employment opportunities.
Total revenues
$5,325,092
2023
Total expenses
$2,689,025
2023
Total assets
$10,862,183
2023
Num. employees
3
2023

Program areas at Neighborhood Development Corporation

Ndc sustainably enhances neighborhoods by serving as a catalyst for redevelopment efforts that focus on creating a mix of housing and commercial Development through community collaboration.neighborhood Development Corporation focuses on three essential core values when deciding on the direction we will take moving forward with any project: collaboration, revitalization and catalyzation. It is imperative we follow these core values because without them we cannot fulfill our true potential as an organization and achieve what we call, the ndc effect. Developing property with our methodology ignites the prosperity and value communities need to grow into the future.we leverage our experience, professionalism and key partnerships with government, general contractors and city planners in the industry to provide innovative solutions to underserved communities.in 2023, the organization invested $2.5 million dollars that will result in $46 million worth of commercial redevelopment in des moines neighborhoods. This will provide underserved areas with attainable housing and commercial services that do not exist today.

Grants made by Neighborhood Development Corporation

GranteeGrant descriptionAmount
Historic Valley Junction FoundationSupport the Renovations of Historic District Building With Restricted Monies$30,000

Personnel at Neighborhood Development Corporation

NameTitleCompensation
Abbey GilroyExecutive Director$177,736
Amy CoenenDirector of Operations and Assets
Sadie TryttenDirector of Real Estate$123,096
Bret VandelunePast President$0
Erin Olson-DouglasSecretary$0
...and 6 more key personnel

Financials for Neighborhood Development Corporation

RevenuesFYE 12/2023
Total grants, contributions, etc.$5,406,041
Program services$16,740
Investment income and dividends$1,103
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$-98,792
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$5,325,092

Form 990s for Neighborhood Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-09-13990View PDF
2022-122023-08-11990View PDF
2021-122022-10-24990View PDF
2019-122021-01-21990View PDF
2018-122020-02-18990View PDF
...and 7 more Form 990s
Data update history
September 23, 2024
Updated personnel
Identified 6 new personnel
November 27, 2023
Received grants
Identified 1 new grant, including a grant for $231,796 from Invest DSM
September 29, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 6, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 10, 2023
Received grants
Identified 1 new grant, including a grant for $65,900 from Invest DSM
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Human servicesCommunity improvementHousing
Characteristics
State / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
2331 University Ave Ste 202
Des Moines, IA 50311
Metro area
Des Moines-West Des Moines, IA
County
Polk County, IA
Website URL
ndcdm.org/ 
Phone
(515) 244-8600
IRS details
EIN
42-1489223
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1999
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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