Civic Intelligence

Neighborhood Development Corp

EIN 64-0894608 • 501(c)3 • Tupelo, MS

Profile

Neighborhood development corporation (ndc) is a non-profit, tax exempt, housing organization created to promote the redevelopment of deteriorating neighborhoods in tupelo and throughout lee county, focusing on education, assistance, and revitalization. Ndcs programs and services are changing lives and neighborhoods, developing residential leadership, increasing home ownership for low and moderate income families, and building community. Governed by a local board of directors, ndc is partnering with local, state, and national agencies and organizations, as well as private developers, to promote redevelopment efforts in neighborhoods.

PO Box 782Tupelo, MS 38802

www.tupeloms.gov/DEVELOPMENT/CO

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2023

Net Margin

100th percentile

143%

Higher net margin than 100% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

24th percentile

-6.4%

Faster asset growth than 24% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2023

Assets

Up

$1,308,008

Up $339,253 (+35%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$1,308,008

Up $339,253 (+35%) from 2023

Revenue

Up

$359,424

Up $405,544 (+879%) from 2023

Expenses

Up

$20,171

Up $400 (+2.0%) from 2023

Net Income

Up

$339,253

Up $405,144 (+615%) from 2023

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $201,175Liabilities 2010: $73,624Net Assets 2010: $127,5512010Assets 2011: $175,697Liabilities 2011: $12,717Net Assets 2011: $162,9802011Assets 2012: $126,655Liabilities 2012: $12,741Net Assets 2012: $113,9142012Assets 2013: $602,946Liabilities 2013: $8,100Net Assets 2013: $594,8462013Assets 2014: $1,390,642Liabilities 2014: $8,476Net Assets 2014: $1,382,1662014Assets 2015: $1,531,264Liabilities 2015: $3,870Net Assets 2015: $1,527,3942015Assets 2016: $1,665,426Liabilities 2016: $3,870Net Assets 2016: $1,661,5562016Assets 2017: $1,887,802Liabilities 2017: $2,275Net Assets 2017: $1,885,5272017Assets 2018: $1,835,465Liabilities 2018: $0Net Assets 2018: $1,835,4652018Assets 2019: $1,775,419Liabilities 2019: $0Net Assets 2019: $1,775,4192019Assets 2020: $1,790,137Liabilities 2020: $0Net Assets 2020: $1,790,1372020Assets 2021: $1,442,769Liabilities 2021: $0Net Assets 2021: $1,442,7692021Assets 2022: $1,034,646Liabilities 2022: $0Net Assets 2022: $1,034,6462022Assets 2023: $968,755Liabilities 2023: $0Net Assets 2023: $968,7552023Assets 2024: $1,308,008Liabilities 2024: $0Net Assets 2024: $1,308,0082024

Highlighted filing

2024

Assets$1,308,008
Liabilities$0
Net Assets$1,308,008

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $247,7502010Expenses 2011: $360,3142011Expenses 2012: $296,5222012Revenue 2013: $703,233Expenses 2013: $222,301Net Income 2013: $480,9322013Revenue 2014: $994,748Expenses 2014: $207,428Net Income 2014: $787,3202014Revenue 2015: $246,303Expenses 2015: $101,075Net Income 2015: $145,2282015Revenue 2016: $281,484Expenses 2016: $147,322Net Income 2016: $134,1622016Revenue 2017: $313,012Expenses 2017: $89,041Net Income 2017: $223,9712017Revenue 2018: $81,970Expenses 2018: $132,032Net Income 2018: -$50,0622018Revenue 2019: -$18,933Expenses 2019: $41,113Net Income 2019: -$60,0462019Revenue 2020: $24,567Expenses 2020: $9,849Net Income 2020: $14,7182020Revenue 2021: -$301,287Expenses 2021: $46,081Net Income 2021: -$347,3682021Revenue 2022: -$8,635Expenses 2022: $399,488Net Income 2022: -$408,1232022Revenue 2023: -$46,120Expenses 2023: $19,771Net Income 2023: -$65,8912023Revenue 2024: $359,424Expenses 2024: $20,171Net Income 2024: $339,2532024

Highlighted filing

2024

Revenue$359,424
Expenses$20,171
Net Income$339,253

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.31$0.00$1.31$0.36$0.02$0.34
2023Detailed filing. Detailed filing data is available for this year.$0.97$0.00$0.97$0.05$0.02$0.07
2022Detailed filing. Detailed filing data is available for this year.$1.03$0.00$1.03$0.01$0.40$0.41
2021Detailed filing. Detailed filing data is available for this year.$1.44$0.00$1.44$0.30$0.05$0.35
2020Detailed filing. Detailed filing data is available for this year.$1.79$0.00$1.79$0.02$0.01$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.78$0.00$1.78$0.02$0.04$0.06
2018Detailed filing. Detailed filing data is available for this year.$1.84$0.00$1.84$0.08$0.13$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.89$0.00$1.89$0.31$0.09$0.22
2016Detailed filing. Detailed filing data is available for this year.$1.67$0.00$1.66$0.28$0.15$0.13
2015Detailed filing. Detailed filing data is available for this year.$1.53$0.00$1.53$0.25$0.10$0.15
2014Detailed filing. Detailed filing data is available for this year.$1.39$0.01$1.38$0.99$0.21$0.79
2013Detailed filing. Detailed filing data is available for this year.$0.60$0.01$0.59$0.70$0.22$0.48
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.13$0.01$0.11$0.30
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.01$0.16$0.36
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.07$0.13$0.25
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 30, 2025
Return Version
2024v5.0
Gross Receipts
$1,154,199
Mission and Program Overview

Mission

Neighborhood development corporation (ndc) is a non-profit, tax exempt, housing organization created to promote the redevelopment of deteriorating neighborhoods in tupelo and throughout lee county, focusing on education, assistance, and revitalization. Ndcs numerous programs and services are changing lives and neighborhoods, developing residential leadership, increasing home ownership for low and moderate income families, and building community. Governed by a local board of directors, ndc is partnering with local, state, and national agencies and organizations, as well as private developers, to promote redevelopment efforts in neighborhoods. Certified as a community development housing organization (chdo) by the mississippi development authority, and pending approval as a neighborworks network by neighborworksamerica, ndc is positioned to be a strong catalyst in the provision of affordable housing.

Neighborhood development corporation (ndc) is a non-profit, tax exempt, housing organization created to promote the redevelopment of deteriorating neighborhoods in tupelo and throughout lee county, focusing on education, assistance, and revitalization. Ndcs programs and services are changing lives and neighborhoods, developing residential leadership, increasing home ownership for low and moderate income families, and building community. Governed by a local board of directors, ndc is partnering with local, state, and national agencies and organizations, as well as private developers, to promote redevelopment efforts in neighborhoods.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$29,953$723,056▲ $693,103
Savings and Temporary Cash Investments$121,858$84,944▼ $36,914
Land, Buildings, and Equipment, Net$14,400$14,400→ $0
Total Assets$968,755$1,308,008▲ $339,253
Other Assets Total$802,544$485,608▼ $316,936
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$968,755$1,308,008▲ $339,253
Total Net Assets Fund Balance$968,755$1,308,008▲ $339,253
Total Liabilities and Net Assets / Fund Balance$968,755$1,308,008▲ $339,253

Asset Categories

AssetBook ValueDepreciationBasis
Land$14,400-$14,400
Other Assets Org$485,608--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Duke LodenPresident
Bridgette ShellyDirector
Carter NaugherDirector
Ellen ShortDirector
Jeff KingDirector
Ketra RuffDirector
Larry CogginDirector
Lenea WaldmanDirector
Levetta ConleyDirector
Louis C Marascalco IiiDirector
Mendy LovernDirector
Pat FalknerDirector
Stephen FlynnDirector
Summer SmithDirector
Terry ClayDirector
Randy TaylorSecretary
Richard E AlvarezTreasurer
Chris RogersVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$530,900
Program Service Revenue
$0
Investment Income
$-171,476
Other Revenue
$0
All Other Contributions
$530,900
Change in Net Assets
$339,253
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$20,171
Total Fundraising Expense$4,800
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal$1,908$3,818$1,909$7,635
Insurance$2,416$806$806$4,028
Office Expenses$94$282$93$469
Other Expenses$70$210$70$350
Total Functional Expenses$10,255$5,116$4,800$20,171
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

No review was or will be conducted.

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

Each officer and director has to sign a written acknowledgment of the policy and their agreement to abide by it

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

Not applicable - the executive director's compensation is paid by the city of tupelo by contributions passing through the organization. The city is independent from the organization's board of directors.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Neighborhood Development Corp
EIN
64-0894608
Phone
6628409340
Address
PO BOX 782, TUPELO, MS 38802
Doing Business As
Neighborhood Development Corporatio

Signing Officer

Name
Richard E Alvarez
Title
Treasurer
Phone
6628426678
Signed
2025-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard E Alvarez
Voting Board Members
18
Independent Board Members
18
Employees
0

Preparer

Firm
Nail Mckinney Professional Association
Address
PO BOX 196, TUPELO, MS 38802-0196
Preparer
James Pegues CPA
Phone
6628426475
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Neighborhood development corporation (ndc) is a non-profit, tax exempt, housing organization created to promote the redevelopment of deteriorating neighborhoods in tupelo and throughout lee county, focusing on education, assistance, and revitalization. Ndcs programs and services are changing lives and neighborhoods, developing residential leadership, increasing home ownership for low and moderate income families, and building community. Governed by a local board of directors, ndc is partnering with local, state, and national agencies and organizations, as well as private developers, to promote redevelopment efforts in neighborhoods.

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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
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IRS990/MissionDesc0NEIGHBORHOOD DEVELOPMENT CORPORATION (NDC) IS A NON-PROFIT, TAX EXEMPT, HOUSING ORGANIZATION CREATED TO PROMOTE THE REDEVELOPMENT OF DETERIORATING NEIGHBORHOODS IN TUPELO AND THROUGHOUT LEE COUNTY, FOCUSING ON EDUCATION, ASSISTANCE, AND REVITALIZATION. NDCS PROGRAMS AND SERVICES ARE CHANGING LIVES AND NEIGHBORHOODS, DEVELOPING RESIDENTIAL LEADERSHIP, INCREASING HOME OWNERSHIP FOR LOW AND MODERATE INCOME FAMILIES, AND BUILDING COMMUNITY. GOVERNED BY A LOCAL BOARD OF DIRECTORS, NDC IS PARTNERING WITH LOCAL, STATE, AND NATIONAL AGENCIES AND ORGANIZATIONS, AS WELL AS PRIVATE DEVELOPERS, TO PROMOTE REDEVELOPMENT EFFORTS IN NEIGHBORHOODS.
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IRS990/OtherExpensesGrp/Desc1DUES AND SUBSCRIPTIONS
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0NEIGHBORHOOD REVITALIZATION IN PROG.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NEIGHBORHOOD DEVELOPMENT CORPORATION (NDC) IS A NON-PROFIT, TAX EXEMPT, HOUSING ORGANIZATION CREATED TO PROMOTE THE REDEVELOPMENT OF DETERIORATING NEIGHBORHOODS IN TUPELO AND THROUGHOUT LEE COUNTY, FOCUSING ON EDUCATION, ASSISTANCE, AND REVITALIZATION. NDCS PROGRAMS AND SERVICES ARE CHANGING LIVES AND NEIGHBORHOODS, DEVELOPING RESIDENTIAL LEADERSHIP, INCREASING HOME OWNERSHIP FOR LOW AND MODERATE INCOME FAMILIES, AND BUILDING COMMUNITY. GOVERNED BY A LOCAL BOARD OF DIRECTORS, NDC IS PARTNERING WITH LOCAL, STATE, AND NATIONAL AGENCIES AND ORGANIZATIONS, AS WELL AS PRIVATE DEVELOPERS, TO PROMOTE REDEVELOPMENT EFFORTS IN NEIGHBORHOODS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH OFFICER AND DIRECTOR HAS TO SIGN A WRITTEN ACKNOWLEDGMENT OF THE POLICY AND THEIR AGREEMENT TO ABIDE BY IT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NOT APPLICABLE - THE EXECUTIVE DIRECTOR'S COMPENSATION IS PAID BY THE CITY OF TUPELO BY CONTRIBUTIONS PASSING THROUGH THE ORGANIZATION. THE CITY IS INDEPENDENT FROM THE ORGANIZATION'S BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/USAddress/AddressLine1Txt0PO BOX 782
IRS990/USAddress/AddressLine2Txt0337 EAST MAIN ST SUITE B
IRS990/USAddress/CityNm0TUPELO
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD E ALVAREZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06628426678
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEIGHBORHOOD DEVELOPMENT CORP
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ReturnHeader/Filer/EIN0640894608
ReturnHeader/Filer/PhoneNum06628409340
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0640760834
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NAIL MCKINNEY PROFESSIONAL ASSOCIATION
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ReturnHeader/PreparerPersonGrp/PhoneNum06628426475

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