Civic Intelligence

Neighborhood Development Associates Inc.

990 • Fiscal year 2023 • EIN 04-3240183

Jul 01, 2022 to Jun 30, 2023 • Filed on May 22, 2023

Organization Profile
10 Church StreetLynn, MA 01902

(781) 477-2800

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

71st percentile

0.42x

Higher debt load relative to assets than 71% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

85th percentile

1.48x

Higher debt load relative to revenue than 85% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

32nd percentile

-1.8%

Higher net margin than 32% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

84th percentile

31%

Faster asset growth than 84% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

73rd percentile

20%

Faster revenue growth than 73% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets71st percentile

Assets

Up

$10,339,093

Up $2,418,955 (+31%) from 2022

Net Assets

Down

$5,981,204

Down $562,472 (-8.6%) from 2022

Liabilities

Up

$4,357,889

Up $2,981,427 (+217%) from 2022

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin32nd percentile

Revenue

Up

$2,937,689

Up $492,972 (+20%) from 2022

Expenses

Up

$2,989,554

Up $2,725,410 (+1032%) from 2022

Net Income

Down

-$51,865

Down $2,232,438 (-102%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth84th percentile

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

$15M$10M$5.0M$0Assets 2010: $6,308,133Liabilities 2010: $4,468,331Net Assets 2010: $1,839,8022010Assets 2011: $6,207,210Liabilities 2011: $4,339,347Net Assets 2011: $1,867,8632011Assets 2012: $4,568,451Liabilities 2012: $3,196,626Net Assets 2012: $1,371,8252012Assets 2013: $5,640,681Liabilities 2013: $4,462,676Net Assets 2013: $1,178,0052013Assets 2014: $4,923,027Liabilities 2014: $2,862,776Net Assets 2014: $2,060,2512014Assets 2015: $5,241,869Liabilities 2015: $2,595,961Net Assets 2015: $2,645,9082015Assets 2016: $5,465,384Liabilities 2016: $2,862,234Net Assets 2016: $2,603,1502016Assets 2017: $3,945,134Liabilities 2017: $1,489,296Net Assets 2017: $2,455,8382017Assets 2018: $4,173,970Liabilities 2018: $1,360,800Net Assets 2018: $2,813,1702018Assets 2019: $7,503,657Liabilities 2019: $3,575,019Net Assets 2019: $3,928,6382019Assets 2020: $7,789,741Liabilities 2020: $3,595,968Net Assets 2020: $4,193,7732020Assets 2021: $9,629,660Liabilities 2021: $5,266,557Net Assets 2021: $4,363,1032021Assets 2022: $7,920,138Liabilities 2022: $1,376,462Net Assets 2022: $6,543,6762022Assets 2023: $10,339,093Liabilities 2023: $4,357,889Net Assets 2023: $5,981,2042023Assets 2024: $10,178,056Liabilities 2024: $4,489,786Net Assets 2024: $5,688,2702024

Highlighted filing

2023

Assets$10,339,093
Liabilities$4,357,889
Net Assets$5,981,204
Open 2023 Filing

Operations Trend

Revenue Growth73rd percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $221,2702010Revenue 2011: $286,055Expenses 2011: $257,994Net Income 2011: $28,0612011Expenses 2012: $235,6752012Revenue 2013: $37,150Expenses 2013: $230,970Net Income 2013: -$193,8202013Revenue 2014: $1,039,428Expenses 2014: $157,182Net Income 2014: $882,2462014Revenue 2015: $704,861Expenses 2015: $119,204Net Income 2015: $585,6572015Revenue 2016: $127,782Expenses 2016: $170,540Net Income 2016: -$42,7582016Revenue 2017: $384,021Expenses 2017: $531,333Net Income 2017: -$147,3122017Revenue 2018: $1,098,167Expenses 2018: $893,162Net Income 2018: $205,0052018Revenue 2019: $2,159,040Expenses 2019: $1,043,572Net Income 2019: $1,115,4682019Revenue 2020: $535,643Expenses 2020: $270,508Net Income 2020: $265,1352020Revenue 2021: $725,400Expenses 2021: $556,070Net Income 2021: $169,3302021Revenue 2022: $2,444,717Expenses 2022: $264,144Net Income 2022: $2,180,5732022Revenue 2023: $2,937,689Expenses 2023: $2,989,554Net Income 2023: -$51,8652023Revenue 2024: $325,376Expenses 2024: $618,310Net Income 2024: -$292,9342024

Highlighted filing

2023

Revenue$2,937,689
Expenses$2,989,554
Net Income-$51,865
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 22, 2023
Return Version
2022v5.0
Gross Receipts
$6,199,651
Mission and Program Overview

Mission

Bldg homes for low to moderate income buyers

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,506,588$4,798,760▲ $1,292,172
Land, Buildings, and Equipment, Net$842,205$3,623,003▲ $2,780,798
Other Notes and Loans Receivable, Net$858,152$791,362▼ $66,790
Accounts Receivable$4,320$11,732▲ $7,412
Prepaid Expenses and Deferred Charges-$6,351-
Total Assets$7,920,138$10,339,093▲ $2,418,955
Other Assets Total$2,708,873$1,107,885▼ $1,600,988
Liabilities
Accounts Payable and Accrued Expenses$6,749$2,189,008▲ $2,182,259
Other Liabilities$1,265,350$2,168,881▲ $903,531
Deferred Revenue$104,363--
Total Liabilities$1,376,462$4,357,889▲ $2,981,427
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,543,676$5,981,204▼ $562,472
Total Net Assets Fund Balance$6,543,676$5,981,204▼ $562,472
Total Liabilities and Net Assets / Fund Balance$7,920,138$10,339,093▲ $2,418,955

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,293,312$2,644,956$4,938,268
Land$1,166,777-$1,166,777
Equipment$162,914$8,806$171,720
Other Assets Org$1,107,885--
Compensation and Service Providers
Top Officer Pay14th percentile

Board Members and Trustees

NameTitle
Christine NewhallChairperson
Wascar DeleonVice Chairpe
Richard BurkeClerk
Joseph ScanlonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$250,000
Program Service Revenue
$0
Investment Income
$2,856,453
Other Revenue
$-168,764
All Other Contributions
$250,000
Change in Net Assets
$-51,865

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,937,689
Total Revenue per Audited Statements
$2,937,689
Total Revenue per Form 990
$2,937,689
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,816,543
Salaries, Compensation, and Employee Benefits$173,011
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$173,011-$173,011
Fees for Services Other-$25,000-$25,000
Fees for Services Accounting-$19,422-$19,422
Fees for Services Management-$10,500-$10,500
Insurance$9,188--$9,188
Depreciation Depletion$4,403--$4,403
Other Expenses$2,726--$2,726
Total Functional Expenses$2,761,621$227,933$0$2,989,554

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,989,554
Total Expenses per Audited Statements$2,989,554
Total Expenses per Form 990$2,989,554
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Notes Payable$1,846,160
Refundable Advance$300,000
Tenant Security Deposits$19,744
Prepaid Rent$2,977
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Reviewed by the board of directors at annual meeting”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Neighborhood Development Associnc
EIN
04-3240183
Phone
7814772800
Address
10 CHURCH STREET, LYNN, MA 01902

Signing Officer

Name
Christine Newhall
Title
Chairperson
Phone
7814772800
Signed
2023-05-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christine Newhall
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Demakis Inc CPA
Address
56 CENTRAL AVENUE SUITE 301, LYNN, MA 01901-1190
Preparer
A Demakis
Phone
7815926120
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“The organization acquires property that is located in low-moderate income neighborhoods they build homes and sell to low income families”

Form 990, Part XI, Line 9

“Prior period adjustment due to consolidation.”

Raw XML Appendix345 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1REFUNDABLE ADVANCE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PREPAID RENT
IRS990ScheduleD/RevenueSubtotalAmt02937689
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03623003
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01107885
IRS990ScheduleD/TotalExpensesPerForm990Amt02989554
IRS990ScheduleD/TotalLiabilityAmt02168881
IRS990ScheduleD/TotalRevenuePerForm990Amt02937689
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02937689
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02989554
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ACQUIRES PROPERTY THAT IS LOCATED IN LOW-MODERATE INCOME NEIGHBORHOODS THEY BUILD HOMES AND SELL TO LOW INCOME FAMILIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEWED BY THE BOARD OF DIRECTORS AT ANNUAL MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PRIOR PERIOD ADJUSTMENT DUE TO CONSOLIDATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07920138
IRS990/TotalAssetsEOYAmt010339093
IRS990/TotalAssetsGrp/BOYAmt07920138
IRS990/TotalAssetsGrp/EOYAmt010339093
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0250000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0227933
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02761621
IRS990/TotalFunctionalExpensesGrp/TotalAmt02989554
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01376462
IRS990/TotalLiabilitiesEOYAmt04357889
IRS990/TotalLiabilitiesGrp/BOYAmt01376462
IRS990/TotalLiabilitiesGrp/EOYAmt04357889
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06543676
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05981204
IRS990/TotalOtherProgSrvcExpenseAmt04403
IRS990/TotalProgramServiceExpensesAmt02761621
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02687689
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02937689
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07920138
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010339093
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt031 KENT ROAD
IRS990/USAddress/CityNm0LYNN
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001904
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRISTINE NEWHALL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRPERSON
ReturnHeader/BusinessOfficerGrp/PhoneNum07814772800
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEIGHBORHOOD DEVELOPMENT ASSOCINC
ReturnHeader/Filer/BusinessNameControlTxt0NEIG
ReturnHeader/Filer/EIN0043240183
ReturnHeader/Filer/PhoneNum07814772800
ReturnHeader/Filer/USAddress/AddressLine1Txt010 CHURCH STREET
ReturnHeader/Filer/USAddress/CityNm0LYNN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001902
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0823447701
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DEMAKIS INC CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt056 CENTRAL AVENUE SUITE 301
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LYNN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0019011190
ReturnHeader/PreparerPersonGrp/PhoneNum07815926120
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0A DEMAKIS
ReturnHeader/ReturnTs02024-06-10T09:10:31-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CHRISTINE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0NEWHALL
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,339,093
Liabilities
$4,357,889
Net assets
$5,981,204
Revenue
$2,937,689
Expenses
$2,989,554
Net income
-$51,865
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$10.2$4.49$5.69$0.33$0.62$0.29
2023Detailed filing. Detailed filing data is available for this year.$10.3$4.36$5.98$2.94$2.99$0.05
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.92$1.38$6.54$2.44$0.26$2.18
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.63$5.27$4.36$0.73$0.56$0.17
2020Detailed filing. Detailed filing data is available for this year.$7.79$3.60$4.19$0.54$0.27$0.27
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.50$3.58$3.93$2.16$1.04$1.12
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.17$1.36$2.81$1.10$0.89$0.21
2017Detailed filing. Detailed filing data is available for this year.$3.95$1.49$2.46$0.38$0.53$0.15
2016Detailed filing. Detailed filing data is available for this year.$5.47$2.86$2.60$0.13$0.17$0.04
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.24$2.60$2.65$0.70$0.12$0.59
2014Detailed filing. Detailed filing data is available for this year.$4.92$2.86$2.06$1.04$0.16$0.88
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.64$4.46$1.18$0.04$0.23$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.57$3.20$1.37$0.24
2011Summary only. Only limited summary data is available for this year.$6.21$4.34$1.87$0.29$0.26$0.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.31$4.47$1.84$0.22