Civic Intelligence

The Neighborhood Developers Inc.

990 • Fiscal year 2011 • EIN 04-2660283

Jan 01, 2011 to Dec 31, 2011 • Filed on Jun 07, 2012

4 Gerrish Avenue02150
Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$19,745,709

Flat from 2011

Net Assets

Flat

$7,110,203

Flat from 2011

Liabilities

Flat

$12,635,506

Flat from 2011

Revenue And Expenses

Revenue

-

No earlier filing loaded for comparison.

Expenses

Flat

$2,311,621

Flat from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80M$60M$40M$20M$0Assets 2010: $16,780,342Liabilities 2010: $9,944,839Net Assets 2010: $6,835,5032010Assets 2011: $19,745,709Liabilities 2011: $12,635,506Net Assets 2011: $7,110,2032011Assets 2011: $19,745,709Liabilities 2011: $12,635,506Net Assets 2011: $7,110,2032011Assets 2012: $22,949,527Liabilities 2012: $14,992,028Net Assets 2012: $7,957,4992012Assets 2013: $19,848,570Liabilities 2013: $12,221,198Net Assets 2013: $7,627,3722013Assets 2014: $23,547,655Liabilities 2014: $15,219,933Net Assets 2014: $8,327,7222014Assets 2015: $13,971,644Liabilities 2015: $3,834,842Net Assets 2015: $10,136,8022015Assets 2016: $13,304,162Liabilities 2016: $3,395,697Net Assets 2016: $9,908,4652016Assets 2017: $14,831,655Liabilities 2017: $5,177,363Net Assets 2017: $9,654,2922017Assets 2018: $17,739,078Liabilities 2018: $8,112,686Net Assets 2018: $9,626,3922018Assets 2019: $32,389,174Liabilities 2019: $22,268,124Net Assets 2019: $10,121,0502019Assets 2020: $37,483,372Liabilities 2020: $27,214,051Net Assets 2020: $10,269,3212020Assets 2021: $68,146,151Liabilities 2021: $57,164,257Net Assets 2021: $10,981,8942021Assets 2022: $36,512,492Liabilities 2022: $24,644,317Net Assets 2022: $11,868,1752022Assets 2023: $34,897,155Liabilities 2023: $23,385,152Net Assets 2023: $11,512,0032023Assets 2024: $43,371,059Liabilities 2024: $29,265,682Net Assets 2024: $14,105,3772024

Highlighted filing

2011

Assets$19,745,709
Liabilities$12,635,506
Net Assets$7,110,203

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $2,052,9672010Expenses 2011: $2,311,6212011Revenue 2011: $2,586,321Expenses 2011: $2,311,621Net Income 2011: $274,7002011Revenue 2012: $3,231,810Expenses 2012: $2,706,139Net Income 2012: $525,6712012Revenue 2013: $3,062,259Expenses 2013: $3,070,761Net Income 2013: -$8,5022013Revenue 2014: $4,277,765Expenses 2014: $3,577,415Net Income 2014: $700,3502014Revenue 2015: $4,371,365Expenses 2015: $5,597,447Net Income 2015: -$1,226,0822015Revenue 2016: $3,799,928Expenses 2016: $4,028,265Net Income 2016: -$228,3372016Revenue 2017: $4,027,358Expenses 2017: $4,281,531Net Income 2017: -$254,1732017Revenue 2018: $3,961,374Expenses 2018: $3,989,274Net Income 2018: -$27,9002018Revenue 2019: $4,435,186Expenses 2019: $3,940,528Net Income 2019: $494,6582019Revenue 2020: $6,003,796Expenses 2020: $5,855,525Net Income 2020: $148,2712020Revenue 2021: $7,961,454Expenses 2021: $7,248,881Net Income 2021: $712,5732021Revenue 2022: $9,918,440Expenses 2022: $9,032,159Net Income 2022: $886,2812022Revenue 2023: $8,309,577Expenses 2023: $8,665,749Net Income 2023: -$356,1722023Revenue 2024: $11,543,347Expenses 2024: $8,949,973Net Income 2024: $2,593,3742024

Highlighted filing

2011

Revenue-
Expenses$2,311,621
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
Jun 7, 2012
Return Version
2011v1.2
Gross Receipts
$2,586,321
Mission and Program Overview

Mission

To bring its core strengths - building homes, engaging neighbors, and fostering economic opportunity - to community partnerships that create great neighborhoods where all people can thrive. To this end, tnd employs three investment strategies to build vibrant and sustainable neighborhoods: real estate development to strengthen housing markets and to expand affordable housing inventory; community engagement to foster a resilient social fabric and civic infrastructure; and financial capabilities to increase family prosperity, delivered in collaboration with our connect partners.

Major Activities

Activity 2
Rental - since 2005, our housing portfolio has increased by 136% from 110 to 260 units. Currently, 97% of our apartments benefit households earning 60% or less of the area median income. During 2011 cnd completed a new residential property in revere, ma. The new property contains 7 units which are rented to low to moderate income families or individuals with heads of household greater than 55 years of age.
Activity 3
Community engagement - cnd fosters relationships and leadership, as they are the underpinnings of productive social networks and organizations. Civic engagement and thoughtful planning efforts better align community services and resources with community priorities to improve the quality of life for the community as a whole. In 2011, 98 key leaders and staff mobilized 818 unique individuals to join community building and civic engagement activities with 2,508 as the sum of attendance across all activities.
Filing and Contact Details

Filer

EIN
04-2660283
Raw XML AppendixShowing 400 of 839 raw XML fields

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IRS990/Activity2/Description0RENTAL - SINCE 2005, OUR HOUSING PORTFOLIO HAS INCREASED BY 136% FROM 110 TO 260 UNITS. CURRENTLY, 97% OF OUR APARTMENTS BENEFIT HOUSEHOLDS EARNING 60% OR LESS OF THE AREA MEDIAN INCOME. DURING 2011 CND COMPLETED A NEW RESIDENTIAL PROPERTY IN REVERE, MA. THE NEW PROPERTY CONTAINS 7 UNITS WHICH ARE RENTED TO LOW TO MODERATE INCOME FAMILIES OR INDIVIDUALS WITH HEADS OF HOUSEHOLD GREATER THAN 55 YEARS OF AGE.
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IRS990/ActivityOrMissionDescription0THE VISION OF CHELSEA NEIGHBORHOOD DEVELOPERS, INC. (CND) IS THAT GREAT NEIGHBORHOODS EMPOWER PEOPLE TO GROW AND PROSPER. CND IS A COMMUNITY DEVELOPMENT CORPORATION THAT SEEKS TO REVITALIZE DISTRESSED NEIGHBORHOODS AND TO FOSTER EQUITABLE COMMUNITY DEVELOPMENT IN CHELSEA, MASSACHUSETTS AND NEIGHBORING NORTH SHORE COMMUNITIES. WE WERE FOUNDED IN 1979 AND FOR OUR FIRST 25 YEARS, AFFORDABLE HOUSING DEVELOPMENT WAS OUR PRIMARY AREA OF ACTIVITY. OVER TIME, WE LEARNED THAT WE NEEDED TO BROADEN OUR COMMUNITY DEVELOPMENT STRATEGIES TO ACHIEVE MEANINGFUL REVITALIZATION OF NEIGHBORHOODS. IN 2006, WE SHIFTED OUR EMPHASIS FROM BUILDING AFFORDABLE HOMES TO BUILDING VITAL NEIGHBORHOODS BY DEVELOPING A VISION AND MISSION THAT SUPPORTS AN INTEGRATED APPROACH TO OUR NEIGHBORHOOD REVITALIZATION EFFORTS.
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IRS990/RegularMonitoringEnforcement01
IRS990/RelatedEntity01
IRS990/RelatedOrgControlledEntity01
IRS990/ReportFin48Footnote01
IRS990/ReportInvestOthSecurities00
IRS990/ReportLandBldgEquip01
IRS990/ReportOtherAssets01
IRS990/ReportOtherLiabilities01
IRS990/ReportProgRelInvest00
IRS990/Revenue01016953
IRS990/RevenuesLessExpensesCY0274700
IRS990/RevenuesLessExpensesPriorYear0612065
IRS990/SalariesEtcCurrentYear01001924
IRS990/SalariesEtcPriorYear0884163
IRS990/SavingsAndTempCashInvestments/BOY0672632
IRS990/SavingsAndTempCashInvestments/EOY0329029
IRS990ScheduleA/AmountsSubstContributorsTotal031161
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYear01009394
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus1Year01252229
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus2Years01347142
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus3Years01203577
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus4Years0616643
IRS990ScheduleA/GiftsGrantsContribReceived170/Total05428985
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYear084863
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus1Year061763
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus2Years067275
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus3Years075052
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus4Years070099
IRS990ScheduleA/GrossInvestmentIncome170/Total0359052
IRS990ScheduleA/GrossReceiptsFromAdmissionsEtc06947913
IRS990ScheduleA/OtherIncome170/CurrentTaxYear08246
IRS990ScheduleA/OtherIncome170/CurrentTaxYearMinus1Year0117275
IRS990ScheduleA/OtherIncome170/CurrentTaxYearMinus2Years0501939
IRS990ScheduleA/OtherIncome170/CurrentTaxYearMinus3Years02011701
IRS990ScheduleA/OtherIncome170/CurrentTaxYearMinus4Years014741
IRS990ScheduleA/OtherIncome170/Total02653902
IRS990ScheduleA/PubliclySupportedOrg170b1Avi0X
IRS990ScheduleA/PublicSupportPertcentage17000.63940
IRS990ScheduleA/PublicSupportPertcentPriorYear00.62830
IRS990ScheduleA/PublicSupportTotal17005397824
IRS990ScheduleA/ThirtyThreePercntTestsCY1700X
IRS990ScheduleA/Total170/CurrentTaxYear01009394
IRS990ScheduleA/Total170/CurrentTaxYearMinus1Year01252229
IRS990ScheduleA/Total170/CurrentTaxYearMinus2Years01347142
IRS990ScheduleA/Total170/CurrentTaxYearMinus3Years01203577
IRS990ScheduleA/Total170/CurrentTaxYearMinus4Years0616643
IRS990ScheduleA/Total170/Total05428985
IRS990ScheduleA/TotalSupport08441939
IRS990ScheduleB/ContributorInfo/AggregateContributions0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/City0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/State0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNameBusiness/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNumber0RESTRICTED
IRS990/ScheduleBRequired01
IRS990ScheduleD/Buildings/BookValue05447267
IRS990ScheduleD/Buildings/Depreciation0696062
IRS990ScheduleD/Buildings/OtherCostOrOtherBasis06143329
IRS990ScheduleD/Equipment/BookValue026081
IRS990ScheduleD/Equipment/Depreciation0105559
IRS990ScheduleD/Equipment/OtherCostOrOtherBasis0131640
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0CND, INC. AND AFFILIATES FOLLOW THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES STANDARD UNDER U.S. GAAP, WHICH REQUIRES CND, INC. AND AFFILIATES TO REPORT UNCERTAIN TAX POSITIONS, RELATED INTEREST AND PENALTIES, AND TO ADJUST THEIR ASSETS AND LIABILITIES RELATED TO UNRECOGNIZED TAX BENEFITS AND ACCRUED INTEREST AND PENALTIES ACCORDINGLY. AS OF DECEMBER 31, 2011, CND, INC. AND AFFILIATES DETERMINED THAT THERE ARE NO MATERIAL UNRECOGNIZED TAX BENEFITS TO REPORT. CND, INC. AND AFFILIATES DO NOT EXPECT A SIGNIFICANT INCREASE OR DECREASE TO THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS DURING 2011. HOWEVER, CND, INC. AND AFFILIATES ARE SUBJECT TO AUDIT BY TAX AUTHORITIES. CND, INC. AND AFFILIATES BELIEVE THAT THEY HAVE APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON THEIR TAX RETURNS.
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier0DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference0PART X:
IRS990ScheduleD/Land/BookValue01208383
IRS990ScheduleD/Land/OtherCostOrOtherBasis01208383
IRS990ScheduleD/OtherAssets/BookValue04744615
IRS990ScheduleD/OtherAssets/BookValue18855
IRS990ScheduleD/OtherAssets/BookValue2139942
IRS990ScheduleD/OtherAssets/BookValue31297671
IRS990ScheduleD/OtherAssets/BookValue41014490
IRS990ScheduleD/OtherAssets/BookValue5462385

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$43.4$29.3$14.1$11.5$8.95$2.59
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.9$23.4$11.5$8.31$8.67$0.36
2022Detailed filing. Detailed filing data is available for this year.$36.5$24.6$11.9$9.92$9.03$0.89
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$68.1$57.2$11.0$7.96$7.25$0.71
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.5$27.2$10.3$6.00$5.86$0.15
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.4$22.3$10.1$4.44$3.94$0.49
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.7$8.11$9.63$3.96$3.99$0.03
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.8$5.18$9.65$4.03$4.28$0.25
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.3$3.40$9.91$3.80$4.03$0.23
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$14.0$3.83$10.1$4.37$5.60$1.23
2014Detailed filing. Detailed filing data is available for this year.$23.5$15.2$8.33$4.28$3.58$0.70
2013Detailed filing. Detailed filing data is available for this year.$19.8$12.2$7.63$3.06$3.07$0.01
2012Summary only. Only limited summary data is available for this year.$22.9$15.0$7.96$3.23$2.71$0.53
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.7$12.6$7.11$2.31
2011Summary only. Only limited summary data is available for this year.$19.7$12.6$7.11$2.59$2.31$0.27
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.8$9.94$6.84$2.05