EIN 04-2660283

The Neighborhood Developers

IRS 501(c) type
501(c)(3)
Num. employees
39
Year formed
1978
Most recent tax filings
2022-12-01
Description
The Neighborhood Developers empowers community members to secure a stable home and achieve economic mobility, with a mission to create strong neighborhoods where residents can determine their own future. Alongside its partner agency Connect, TND offers nationally recognized financial capabilities and workforce development programs to help families build stable and sufficient income. The organization's production of affordable homes forms the foundation for healthy families by offering ready access to jobs, schools, and local amenities. TND is located in Chelsea, MA.
Total revenues
$9,918,440
2022
Total expenses
$9,032,159
2022
Total assets
$36,512,492
2022
Num. employees
39
2022

Program areas at The Neighborhood Developers

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 ensure that our properties provide residents with a high-quality affordable home. Tnd's properties also include eight commercial spaces, providing affordable rents for chelsea businesses.
Real estate development - The real estate development program produces 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. Tnd has a goal to build or preserve 325 homes between 2020 and 2024. Through 2022, tnd has produced 193 homes and has 166 more homes in development.
Connect - The connect program supports low-income individuals and families to stabilize, manage, and grow their household income through financial capability, workforce development, and housing and income stabilization programming. In 2020, within two weeks of The state's pandemic closure, connect launched a new resource hotline to help those that lost work to access unemployment support, snap food benefits, and rental assistance. The hotline now covers rental and utility assistance, workforce development, mass health, snap and free tax preparation. We also offer financial coaching and financial education.
Community building - The community building program fosters community leadership and supports community members to have a decisive voice in shaping The future of our communities.
Resident services - The resident services program is dedicated to ensuring housing stability, health and wellness of The 1,110 low-income residents of tnd's multi-family properties. Resident services included meal and grocery deliveries, wellness calls, housing stability counseling, financial capability training, community building programming, and elder and family support services.
Asset management - for tnd's residential and commercial property portfolio, The asset management program provides property portfolio management: maintenance, repair and improvements of buildings; financial management of operating properties; and compliance with all regulatory and investor requirements.

Grants made by The Neighborhood Developers

GranteeGrant descriptionAmount
La ColaborativaRental Assistance Application Prep$96,995
Opportunity Communities LLCFor Bipoc Fellowship Program$74,200
MacirWorkforce Development$50,001
...and 5 more grants made

Who funds The Neighborhood Developers

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
NeighborWorks AmericaGeneral Support$554,200
Greater Boston Legal Services (GBLS)Legal Assistance To Clients$350,000
United Way of Massachusetts Bay and Merrimack ValleyCommunity Impact$209,889
...and 18 more grants received totalling $1,702,099

Personnel at The Neighborhood Developers

NameTitleCompensation
Ann HoustonChief Executive Officer Ahouston@ Oppcommunities.org$36,986
Bill MorrisonChief Financial Officer Bmorrison@ Oppcommunities.org
Mary CoonanSenior Vice President of Learning and Evaluation$0
Mario GoetzVice President of Asset Management
Patrick DoberSenior Vice President of Asset Management Pdober@
...and 28 more key personnel

Financials for The Neighborhood Developers

RevenuesFYE 12/2022
Total grants, contributions, etc.$4,223,848
Program services$5,200,784
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$324,000
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$169,808
Total revenues$9,918,440

Form 990s for The Neighborhood Developers

Fiscal year endingDate received by IRSFormPDF link
2022-122024-02-13990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2019-122020-10-19990View PDF
2018-122020-01-23990View PDF
...and 9 more Form 990s

Organizations like The Neighborhood Developers

OrganizationLocationRevenue
DevnwSpringfield, OR$11,211,648
Affordable Housing AllianceNeptune, NJ$12,663,705
Housing HopeEverett, WA$11,092,124
Alamo Community GroupSan Antonio, TX$10,832,647
Arlington Partnership for Affordable HousingArlington, VA$20,138,513
Oneholyoke CDCHolyoke, MA$2,742,467
Imagine HousingBellevue, WA$9,827,542
Revitalize Community Development CorporationSpringfield, MA$2,781,681
Coachella Valley Housing Coalition (CVHC)Indio, CA$24,388,637
The Housing Assistance CorporationHendersonville, NC$2,770,321
Data update history
August 26, 2024
Received grants
Identified 6 new grant, including a grant for $209,889 from United Way of Massachusetts Bay and Merrimack Valley
June 4, 2024
Posted financials
Added Form 990 for fiscal year 2022
May 19, 2024
Received grants
Identified 5 new grant, including a grant for $350,000 from Greater Boston Legal Services (GBLS)
February 3, 2024
Received grants
Identified 4 new grant, including a grant for $50,000 from George H and Jane A Mifflin Memorial Fund
October 24, 2023
Received grants
Identified 5 new grant, including a grant for $501,500 from NeighborWorks America
Nonprofit Types
Grantmaking organizationsHousing and shelter organizationsHeadquarter / parent organizationsCharities
Issues
Human servicesHousing
Characteristics
State / local levelReceives government fundingCommunity engagement / volunteeringTax deductible donationsAccepts online donations
General information
Address
4 Gerrish Ave
Chelsea, MA 02150
Metro area
Boston-Cambridge-Newton, MA-NH
County
Suffolk County, MA
Website URL
theneighborhooddevelopers.org/ 
Phone
(617) 889-1375
Facebook page
chelseand 
Twitter profile
@tnd_inc 
IRS details
EIN
04-2660283
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1978
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L80: Housing Support Services
NAICS code, primary
62422: Community Housing Services
Parent/child status
Central organization
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