Civic Intelligence

Neighborhood Community Development Fund

990 • Fiscal year 2022 • EIN 25-1855490

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 02, 2023

3923 Perrysville AvenuePittsburgh, PA 15214

(412) 322-0290

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.62x

Higher debt load relative to assets than 82% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

94th percentile

4.74x

Higher debt load relative to revenue than 94% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

66th percentile

15%

Higher net margin than 66% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

54th percentile

$189,283

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 9.5% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

90th percentile

43%

Faster asset growth than 90% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

57th percentile

8.4%

Faster revenue growth than 57% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Up

$15,179,709

Up $4,591,797 (+43%) from 2021

Net Assets

Up

$5,751,438

Up $302,552 (+5.6%) from 2021

Liabilities

Up

$9,428,271

Up $4,289,245 (+83%) from 2021

Revenue

Up

$1,987,923

Up $153,819 (+8.4%) from 2021

Expenses

Up

$1,685,371

Up $672,228 (+66%) from 2021

Net Income

Down

$302,552

Down $518,409 (-63%) from 2021

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2012: $6,441,885Liabilities 2012: $3,123,536Net Assets 2012: $3,318,3492012Assets 2013: $6,113,456Liabilities 2013: $2,612,020Net Assets 2013: $3,501,4362013Assets 2014: $6,519,035Liabilities 2014: $2,827,724Net Assets 2014: $3,691,3112014Assets 2015: $8,327,140Liabilities 2015: $4,419,565Net Assets 2015: $3,907,5752015Assets 2016: $8,105,622Liabilities 2016: $4,171,316Net Assets 2016: $3,934,3062016Assets 2017: $8,697,640Liabilities 2017: $4,749,447Net Assets 2017: $3,948,1932017Assets 2018: $8,307,984Liabilities 2018: $4,151,118Net Assets 2018: $4,156,8662018Assets 2019: $9,120,488Liabilities 2019: $4,919,637Net Assets 2019: $4,200,8512019Assets 2020: $10,237,210Liabilities 2020: $5,609,285Net Assets 2020: $4,627,9252020Assets 2021: $10,587,912Liabilities 2021: $5,139,026Net Assets 2021: $5,448,8862021Assets 2022: $15,179,709Liabilities 2022: $9,428,271Net Assets 2022: $5,751,4382022Assets 2023: $23,189,829Liabilities 2023: $15,441,530Net Assets 2023: $7,748,2992023Assets 2024: $24,719,044Liabilities 2024: $15,042,107Net Assets 2024: $9,676,9372024

Highlighted filing

2022

Assets$15,179,709
Liabilities$9,428,271
Net Assets$5,751,438

Operations Trend

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

$6.0M$4.0M$2.0M$0Expenses 2012: $495,5632012Revenue 2013: $716,359Expenses 2013: $533,272Net Income 2013: $183,0872013Revenue 2014: $821,363Expenses 2014: $631,488Net Income 2014: $189,8752014Revenue 2015: $790,826Expenses 2015: $574,562Net Income 2015: $216,2642015Revenue 2016: $635,035Expenses 2016: $608,304Net Income 2016: $26,7312016Revenue 2017: $707,074Expenses 2017: $693,187Net Income 2017: $13,8872017Revenue 2018: $1,106,089Expenses 2018: $897,416Net Income 2018: $208,6732018Revenue 2019: $791,853Expenses 2019: $747,868Net Income 2019: $43,9852019Revenue 2020: $1,898,319Expenses 2020: $1,472,442Net Income 2020: $425,8772020Revenue 2021: $1,834,104Expenses 2021: $1,013,143Net Income 2021: $820,9612021Revenue 2022: $1,987,923Expenses 2022: $1,685,371Net Income 2022: $302,5522022Revenue 2023: $5,194,321Expenses 2023: $3,197,460Net Income 2023: $1,996,8612023Revenue 2024: $5,316,023Expenses 2024: $3,158,209Net Income 2024: $2,157,8142024

Highlighted filing

2022

Revenue$1,987,923
Expenses$1,685,371
Net Income$302,552
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 2, 2023
Return Version
2022v5.0
Gross Receipts
$2,007,806
Mission and Program Overview

Mission

Northside community development fund is dedicated to a mission of providing financial and development success to promote community development through providing an array of financial products and technical assistance services.

To promote community development through providing an array of financial products and technical assistance services for neighborhood businesses and real estate within allegheny county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$4,399,804$8,316,430▲ $3,916,626
Cash and Non-Interest-Bearing Accounts$4,722,786$5,596,970▲ $874,184
Savings and Temporary Cash Investments$794,690--
Pledges and Grants Receivable$205,886$650,911▲ $445,025
Accounts Receivable$90,904$333,754▲ $242,850
Land, Buildings, and Equipment, Net$76,492$141,396▲ $64,904
Prepaid Expenses and Deferred Charges$3,216$22,393▲ $19,177
Total Assets$10,587,912$15,179,709▲ $4,591,797
Other Assets Total$294,134$117,855▼ $176,279
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,808,104$6,966,683▲ $2,158,579
Unsecured Notes Loans Payable$155,645$2,150,885▲ $1,995,240
Other Liabilities$69,065$178,416▲ $109,351
Accounts Payable and Accrued Expenses$106,212$132,287▲ $26,075
Total Liabilities$5,139,026$9,428,271▲ $4,289,245
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,392,535$5,524,224▲ $131,689
Net Assets With Donor Restrictions$56,351$227,214▲ $170,863
Total Net Assets Fund Balance$5,448,886$5,751,438▲ $302,552
Total Liabilities and Net Assets / Fund Balance$10,587,912$15,179,709▲ $4,591,797

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$111,260$10,113$121,373
Equipment$30,136$2,139$32,275
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark MastersonExecutive DiFT$170,000$19,283$189,283
Mark MastersonExecutive Director-$170,000$19,283$189,283

Board Members and Trustees

NameTitle
Walter NalducciChair
Karen WilesVice Chair
Bobby WilsonBoard Member
Dana FruzynskiBoard Member
Derek UberBoard Member
Dorrie Smith-richieBoard Member
Duke RupertBoard Member
Joanna DemingBoard Member
Keith WehnerBoard Member
Margaret EldridgeBoard Member
William RolandBoard Member
Alan D PerrySecretary
Thomas M DespresTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,503,625
Program Service Revenue
$443,864
Investment Income
$1,880
Other Revenue
$38,554
All Other Contributions
$987,547
Change in Net Assets
$302,552
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$904,614
Other Expenses$780,757
Total Fundraising Expense$101,074
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$435,247$58,146$60,773$554,166
Advertising$243,787$18$20$243,825
Current Officers, Directors, Trustees, and Key Employees$177,926$9,464$1,893$189,283
Interest$179,088$376$418$179,882
Other Employee Benefits$63,884$7,824$12,989$84,697
Fees for Services Accounting$59,934$5,538$6,168$71,640
Payroll Taxes$50,578$5,653$5,373$61,604
Office Expenses$37,100$1,449$1,424$39,973
Occupancy$20,825$2,319$2,473$25,617
Fees for Services Other$21,165$516$574$22,255
Insurance$14,887$1,654$1,838$18,379
Conferences and Meetings$14,308$1,024-$15,332
Pension Plan Contributions$10,796$1,468$2,600$14,864
Depreciation Depletion$9,925$1,103$1,225$12,253
Information Technology$7,776$864$960$9,600
Other Expenses$7,099$789$876$8,764
Fees for Services Legal$3,651$337$376$4,364
Travel$899--$899
Total Functional Expenses$1,480,963$103,334$101,074$1,685,371
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$26,531
Fundraising Direct Expenses$19,883
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Luncheon$26,531$26,531$3,483$23,048
Total Events$26,531$26,531$19,883$6,648
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right of Use Lease Liability$118,127
Accrued Interest$60,289
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Walter nalducci northside leadership conference chair trustee donor organization margaret eldridge northside leadership conference board member board member donor organization dana fruzynski northside leadership conference board member int. Ex. Dir donor organization

Form 990, Page 6, Part VI, Line 6

The neighborhood community development fund (ncdf) is a membership corporation. The northside leadership conference is the sole member of the ncdf

Form 990, Page 6, Part VI, Line 7A

The northside leadership conference, sole member of the ncdf, appoints all board of directors.

Form 990, Page 6, Part VI, Line 7B

The northside leadership conference, sole member of the ncdf, has the sole power to ratify all amendments made by the organization's board of directors.

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

The 990 is emailed to the members of the organization's finance committee and the executive director in draft form. A meeting with the preparers occurs to discuss any questions. After the review with the preparers, the board of directors formally accepts the audit reports and tax filings.

Form 990, Page 6, Part VI, Line 12C

The organization's conflict of interest policy is updated annually, whereby board members and staff sign off on the policy. Board members having conflicts routinely recuse or abstain from voting on matters at the board of directors meetings. Staff are instructed to disclose any conflicts, per the written conflict of interest policy and the signed statements. The executive director personally reviews contracts and agreements before they are executed. The executive director personally asks staff members about this periodically, as when we have a new loan or investment application.

Form 990, Page 6, Part VI, Line 15A

Compensation of the executive director is determined and approved by the board of directors annually.

Form 990, Page 6, Part VI, Line 19

Documents are available to the public upon request subject to redactions necessary to protect the confidentiality of its borrowers/investors, in accordance with the agency's privacy policy and applicable legal and regulatory standards. In addition, northside community development fund's irs form 990 is available at guidestar.org.

Filing and Contact Details

Filer

Filer Name
Neighborhood Community Development
EIN
25-1855490
Phone
4123220290
Address
3923 PERRYSVILLE AVENUE, PITTSBURGH, PA 15214

Signing Officer

Name
Mark Masterson
Title
Executive Director
Phone
4123220290
Signed
2023-11-02

Organization Details

Principal Officer
Mark Masterson
Formed
2000
Legal Domicile
Pa
Voting Board Members
13
Independent Board Members
10
Employees
12
Volunteers
21

Preparer

Firm
Zelenkofske Axelrod LLC
Address
210 TOLLGATE HILL ROAD, GREENSBURG, PA 15601
Preparer
Jared C Ewing
Phone
7248342151
Supplemental Narrative

Additional Explanations

Form 990, Part III

Line 1. Briefly describe the organization's mission (continued): financial products and technical assistance services.

Form 990, Part XI, Line 9

Event expenses netted with revenues -19,883 event expenses netted with revenues 19,883

Financial Statement Notes

Schedule D, Page 3, Part X

The organization recognizes and discloses uncertain tax positions in accordance with gaap. As of and during the years ended december 31, 2022 and 2021, the organization did not have a liability for unrecognized tax benefits.

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