Neighborhood Economic Develop Corp

“The form 990 is reviewed by the executive director and finance director. In addition, the board of directors is provided a copy of the form 990 prior to filing. After review by all parties listed, the form 990 is filed.”

“The executive director, and when applicable the board president, annually collects and reviews the disclosures and maintains a written record of any potential conflicts of interest.”

“The process for determining the compensation of the executive director and other key employees include review and approval by the board of directors or personnel committee, provided that persons with conflicts of interest with respect to the compensation arrangement at issue are not involved in the review and approval; comparison of compensation data of similarly qualified persons in fuctionally comparable positions at similarly situated organizations; and contemporaneous documentation and recordkeeping with respect to the deliberations and decisions regarding the compensation arrangement.”

“Same process as for executive director.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“Nedco collaboratively builds human capital assets to strengthen neighborhoods and broaden participation in community ownership and governance. Nedco is committed to projects that strengthen low-income households and the neighborhoods in which they live and work. It has improved the economic well-being of individuals, families, and neighborhoods through an array of programs spanning homeownership education, home building, preservation of historic properties, and facilitating small business development. Sustaining a livable community through nurturing community ownership and governance, and employing community design processes has established nedco as a leader and innovator in community based development. The organization was first founded to serve the eugene-springfield area of lane county, oregon. The organization has since expanded its service area to include all of lane county, the mid-willamette valley, and clackamas county. Nedco is oregon's first community development corporation.”

“Class instruction, assistance at weekly market, collect booth fees, sell tokens, reception duties, board of directors.”

“Opportunityworks - this department houses nedco's personal asset building programs and its foreclosure intervention program. Nedco has operated the pre-purchase homeownership program since 1994. Nedco classes on homeownership include a one day, eight hour class that covers basic home buying topics taking the buyer from finding a home to purchase, escrow, insurance, and basic home maintenance. Also offered is a series of classes lasting eight weeks which cover topics including financial stability, budgeting and credit, savings and debt, credit insurance, and mortgages. Two other classes offered help people in financial crisis. These classes cover basic financial management, savings, debt, and credit rebuilding. For the last seven years, nedco has offered foreclosure intervention services to homeowners who were at risk of, or in the process of foreclosure. Nedco operates a state sponsored program which provides advocacy to homeowners going through foreclosure. In the opportunityworks program each year, nedco helps more than 2,500 people learn to manage their finances, purchase their first home, or navigate the foreclosure process with as much of their dignity and personal wealth intact as possible. Nedco is a hud-approved housing counseling agency and a state-designated regional housing center in lane, marion and clackamas counties. In addition, nedco provides access to a variety of financial resources, such as individual development accounts (ida's) for the purpose of purchasing a home, pursuing postsecondary education, technical assistance, or starting or growing a microenterprise (a business with five or fewer employees); and down payment assistance to clients who are low-income who are ready to purchase their first home.”

“Buildingworks - this department conducts real estate development operations and houses the property management division. Nedco has more than 35 years of experience developing affordable housing. Nedco has more than 23 affordable rental units in lane county, and has developed and sold more than 100 homes for low and moderate income first time homeowners. In april, 2015, nedco purchased a 12-unit apartment complex in the whitaker neighborhood. The complex houses young adults who have aged out of foster care, providing safe, stable housing while they finish school, go to college, find jobs, and become independent adults. Nedco is partnering closely with a local non-profit that provides life skills coaching for youth living in apartments. In 2017, we completed a similar project for people living with hiv/aids, in partnership with the hiv alliance. In 2018, we began pre-development work for an 18-unit land trust project for first time homebuyers. The property management department also oversees nedco's commercial holdings.”

“Transfer of net assets to cnhs due to merger -4,894,175”