Skip to content
Nonprofiteer
← NEIGHBORHOOD FINANCE CORPORATION

Form 990 for tax year 2023

Filed by NEIGHBORHOOD FINANCE CORPORATION.

Totals

Total revenue
$11,560,978
Total expenses
$7,208,888
Contributions and grants received
$8,060,077
Grants paid
$3,012,247
Program services expenses (Part IX)
$6,119,387
Management and general expenses
$1,089,501
Fundraising expenses
$0
Program service expenses (Part III)
$6,119,387

Program services were 84.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Marsha Kephart - President

    Iowa State Bank

    Total calculated
    $0
    Hours/week
    1

  • Travis Simpson - Vice President

    Northwest Bank

    Total calculated
    $0
    Hours/week
    1

  • Linda Westergaard - Secretary

    City of Des Moines

    Total calculated
    $0
    Hours/week
    1

  • Steve Van Oort - Past President

    Polk County Board Of Supervisors

    Total calculated
    $0
    Hours/week
    1

  • Almardi Abdalla

    Neighborhood Representative

    Total calculated
    $0
    Hours/week
    0.5

  • Chris Johansen

    City Of Des Moines

    Total calculated
    $0
    Hours/week
    0.5

  • Cole McClelland From 102423

    Bankers Trust

    Total calculated
    $0
    Hours/week
    0.5

  • Danielle Rodriquez From 9123

    Neighborhood Representative

    Total calculated
    $0
    Hours/week
    0.5

  • Dave Williamson From 072723

    Polk County Public Works

    Total calculated
    $0
    Hours/week
    0.5

  • Deb Anderson Alternate

    Polk County Board Of Supervisors

    Total calculated
    $0
    Hours/week
    0.5

  • Dedric Doolin From 090123

    Neighborhood Representative

    Total calculated
    $0
    Hours/week
    0.5

  • Josh Moore From 090123

    Cedar Rapids Bank & Trust

    Total calculated
    $0
    Hours/week
    0.5

  • Patrick Redding

    First Interstate Bank

    Total calculated
    $0
    Hours/week
    0.5

  • Scott Overland From 090123

    City of Cedar Rapids

    Total calculated
    $0
    Hours/week
    0.5

  • Theron Hobbs

    Neighborhood Representative

    Total calculated
    $0
    Hours/week
    0.5

  • Stephanie Murphy

    Executive Director

    Total calculated
    $189,917
    From this org
    $158,626
    From related orgs
    $0
    Other
    $31,291
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,626
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $31,291
    Filer's total
    $189,917

  • Mark Alberico

    VP Finance & Admin/Treasurer

    Total calculated
    $150,232
    From this org
    $123,442
    From related orgs
    $0
    Other
    $26,790
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,442
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $26,790
    Filer's total
    $150,232

  • Terry Gearhart

    Vice President Lending

    Total calculated
    $119,788
    From this org
    $95,427
    From related orgs
    $0
    Other
    $24,361
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
22 October 2024
IRS schema version
2023v5.1
Source object
202432979349300528

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.