Civic Intelligence

National Association for Debt Education

EIN 26-4282482 • 501(c)3 • Park Ridge, IL

View Organization Page

Profile

NADEA supported the stabilization of distressed neighborhoods by ensuring local housing providers have the right tools to transform empty, foreclosed properties into community assets that increase the stock of affordable housing and rental properties for working families. NADEA was approved to work with the National Community Stabilization Trust and in conjunction with the National Community Revitalization Act helped to facilitate the national housing industry mission by offering reconditioned and upgraded properties to assist low to moderate income families.

41 S Prospect AvenuePark Ridge, IL 60068

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

2.73x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

100th percentile

62.29x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

13th percentile

-59%

Higher net margin than 13% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

36th percentile

-15%

Faster asset growth than 36% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

14th percentile

-63%

Faster revenue growth than 14% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$309,950

Down $54,827 (-15%) from 2023

Liabilities

Down

$847,134

Down $103,083 (-11%) from 2023

Net Assets

Up

-$537,184

Up $48,256 (+8.2%) from 2023

Operations
Liabilities / Revenue100th percentileNet Margin13th percentile

Revenue

Down

$13,599

Down $23,352 (-63%) from 2023

Expenses

Down

$21,683

Down $109,917 (-84%) from 2023

Net Income

Up

-$8,084

Up $86,565 (+91%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth36th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2016: $2,988,950Liabilities 2016: $2,405,292Net Assets 2016: $583,6582016Assets 2017: $1,655,915Liabilities 2017: $1,280,302Net Assets 2017: $375,6132017Assets 2019: $1,204,215Liabilities 2019: $1,571,219Net Assets 2019: -$367,0042019Assets 2020: $1,265,101Liabilities 2020: $1,770,597Net Assets 2020: -$505,4962020Assets 2021: $1,276,232Liabilities 2021: $1,819,872Net Assets 2021: -$543,6402021Assets 2022: $342,087Liabilities 2022: $1,004,288Net Assets 2022: -$662,2012022Assets 2023: $364,777Liabilities 2023: $950,217Net Assets 2023: -$585,4402023Assets 2024: $309,950Liabilities 2024: $847,134Net Assets 2024: -$537,1842024

Highlighted filing

2024

Assets$309,950
Liabilities$847,134
Net Assets-$537,184
Open 2024 Filing

Operations Trend

Revenue Growth14th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2016: $1,922,285Expenses 2016: $1,526,656Net Income 2016: $395,6292016Revenue 2017: $1,203,699Expenses 2017: $1,411,744Net Income 2017: -$208,0452017Revenue 2019: $1,008,892Expenses 2019: $1,488,290Net Income 2019: -$479,3982019Revenue 2020: $420,670Expenses 2020: $559,162Net Income 2020: -$138,4922020Revenue 2021: $379,665Expenses 2021: $417,809Net Income 2021: -$38,1442021Revenue 2022: $88,856Expenses 2022: $250,608Net Income 2022: -$161,7522022Revenue 2023: $36,951Expenses 2023: $131,600Net Income 2023: -$94,6492023Revenue 2024: $13,599Expenses 2024: $21,683Net Income 2024: -$8,0842024

Highlighted filing

2024

Revenue$13,599
Expenses$21,683
Net Income-$8,084
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$309,950
Liabilities
$847,134
Net assets
-$537,184
Revenue
$13,599
Expenses
$21,683
Net income
-$8,084
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.31$0.85$0.54$0.01$0.02$0.01
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.95$0.59$0.04$0.13$0.09
2022Detailed filing. Detailed filing data is available for this year.$0.34$1.00$0.66$0.09$0.25$0.16
2021Detailed filing. Detailed filing data is available for this year.$1.28$1.82$0.54$0.38$0.42$0.04
2020Detailed filing. Detailed filing data is available for this year.$1.27$1.77$0.51$0.42$0.56$0.14
2019Detailed filing. Detailed filing data is available for this year.$1.20$1.57$0.37$1.01$1.49$0.48
2017Detailed filing. Detailed filing data is available for this year.$1.66$1.28$0.38$1.20$1.41$0.21
2016Detailed filing. Detailed filing data is available for this year.$2.99$2.41$0.58$1.92$1.53$0.40
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 4, 2025
Return Version
2024v5.0
Gross Receipts
$13,599
Mission and Program Overview

Mission

NADEA supported the stabilization of distressed neighborhoods by ensuring local housing providers have the right tools to transform empty, foreclosed properties into community assets that increase the stock of affordable housing and rental properties for working families. NADEA was approved to work with the National Community Stabilization Trust and in conjunction with the National Community Revitalization Act helped to facilitate the national housing industry mission by offering reconditioned and upgraded properties to assist low to moderate income families.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$287,743$233,883▼ $53,860
Cash and Non-Interest-Bearing Accounts$76,627$75,660▼ $967
Land, Buildings, and Equipment, Net$407$407→ $0
Rtn Earn Endowment Incm Other Fnds$-585,440$-537,184▲ $48,256
Total Assets$364,777$309,950▼ $54,827
Liabilities
Other Liabilities$800,317$697,234▼ $103,083
Mortgage Notes Payable Secured by Investment Property$149,900$149,900→ $0
Total Liabilities$950,217$847,134▼ $103,083
Net Assets / Fund Balance
Total Net Assets Fund Balance$-585,440$-537,184▲ $48,256
Total Liabilities and Net Assets / Fund Balance$364,777$309,950▼ $54,827

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$407$26,243$26,650
Other Securities$233,883--
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Steve BollmanPresident
Carlos RoblesDirector
Joseph E MilesDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$13,599
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$13,599
Change in Net Assets
$-8,084
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$21,683
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$4,595--$4,595
Information Technology-$2,380-$2,380
Office Expenses-$1,601-$1,601
Insurance-$900-$900
All Other Expenses$592--$592
Other Expenses$1,322$497-$497
Total Functional Expenses$6,509$15,174$0$21,683
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
Due to Others$622,541
401-k$55,951
Real Estate Credits$18,642
Wages Payable$100
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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

“A copy is mailed to all members.”

Form 990, Page 6, Part VI, Line 19

“It is available for review.”

Filing and Contact Details

Filer

Filer Name
National Association for Debt
EIN
26-4282482
Phone
8473187007
Address
41 S PROSPECT AVENUE, PARK RIDGE, IL 60068

Signing Officer

Name
Steve Bollman
Title
President
Phone
8473187007
Signed
2025-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Bollman
Formed
2013
Legal Domicile
Il
Voting Board Members
0
Independent Board Members
0
Employees
0

Preparer

Firm
Kinnamon Accounting Service
Address
217 N NORTHWEST HIGHWAY, BARRINGTON, IL 60010
Preparer
Kyle Ao Kinnamon
Phone
8473811040
Supplemental Narrative

Additional Explanations

Form 990

“Part i, line 1, description of organization mission: nadea supported the stabilization of distressed neighborhoods by ensuring local housing providers have the right tools to transform empty, foreclosed properties into community assets that increase the stock of affordable housing and rental properties for working families. Nadea was approved to work with the national community stabilization trust and in conjunction with the national community revitilization act helped to facilitate the national housing industry mission by offering reconditioned and upgraded properties to assist low to moderate income families.”

Form 990, Part III

“Part iii, line 1, description of organization mission: nadea supported the stabilization of distressed neighborhoods by ensuring local housing providers have the right tools to transform empty, foreclosed properties into community assets that increase the stock of affordable housing and rental properties for working families. Nadea was approved to work with the national community stabilization trust and in conjunction with the national community revitilization act helped to facilitate the national housing industry mission by offering reconditioned and upgraded properties to assist low to moderate income families.”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: NADEA SUPPORTED THE STABILIZATION OF DISTRESSED NEIGHBORHOODS BY ENSURING LOCAL HOUSING PROVIDERS HAVE THE RIGHT TOOLS TO TRANSFORM EMPTY, FORECLOSED PROPERTIES INTO COMMUNITY ASSETS THAT INCREASE THE STOCK OF AFFORDABLE HOUSING AND RENTAL PROPERTIES FOR WORKING FAMILIES. NADEA WAS APPROVED TO WORK WITH THE NATIONAL COMMUNITY STABILIZATION TRUST AND IN CONJUNCTION WITH THE NATIONAL COMMUNITY REVITILIZATION ACT HELPED TO FACILITATE THE NATIONAL HOUSING INDUSTRY MISSION BY OFFERING RECONDITIONED AND UPGRADED PROPERTIES TO ASSIST LOW TO MODERATE INCOME FAMILIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY IS MAILED TO ALL MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IT IS AVAILABLE FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt015174
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt06509
IRS990/TotalFunctionalExpensesGrp/TotalAmt021683
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0950217
IRS990/TotalLiabilitiesEOYAmt0847134
IRS990/TotalLiabilitiesGrp/BOYAmt0950217
IRS990/TotalLiabilitiesGrp/EOYAmt0847134
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-585440
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-537184
IRS990/TotalProgramServiceExpensesAmt06509
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt013599
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0364777
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0309950
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt032W787 ALBERT DR
IRS990/USAddress/CityNm0DUNDEE
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060118
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVE BOLLMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08473187007
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NATIONAL ASSOCIATION FOR DEBT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0EDUCATION & ASSISTANCE
ReturnHeader/Filer/BusinessNameControlTxt0NATI
ReturnHeader/Filer/EIN0264282482
ReturnHeader/Filer/PhoneNum08473187007
ReturnHeader/Filer/USAddress/AddressLine1Txt041 S PROSPECT AVENUE
ReturnHeader/Filer/USAddress/CityNm0PARK RIDGE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060068
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0362808247
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KINNAMON ACCOUNTING SERVICE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0217 N NORTHWEST HIGHWAY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BARRINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060010
ReturnHeader/PreparerPersonGrp/PhoneNum08473811040
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KYLE AO KINNAMON
ReturnHeader/ReturnTs02025-11-04T15:20:22-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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