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Nonprofiteer
← NEW AMERICAN DEVELOPMENT CENTER

Form 990 for tax year 2024

Filed by NEW AMERICAN DEVELOPMENT CENTER.

Totals

Total revenue
$1,789,839
Total expenses
$1,583,286
Contributions and grants received
$1,441,733
Grants paid
$613,157
Program service revenue
$0
Investment income
$1,763
Other revenue
$346,343
Total assets, end of year
$3,468,399
Total liabilities, end of year
$599,478
Net assets or fund balances, end of year
$2,868,921
Program services expenses (Part IX)
$974,593
Management and general expenses
$608,693
Fundraising expenses
$0
Program service expenses (Part III)
$1,583,287

Program services were 61.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $1,441,733

  • 3 · Investment income

    total $1,763

  • 8c · Net income from fundraising events

    total $0

  • 11d · All other revenue

    total $346,343 · related or exempt $346,343

  • 11e · Other revenue, total

    $346,343

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $613,157 · program services $613,157

  • 5 · Compensation of officers, directors and key employees

    total $163,900 · program services $80,311 · management and general $83,589

  • 6 · Compensation of disqualified persons

    total $168,323 · program services $82,478 · management and general $85,845

  • 10 · Payroll taxes

    total $28,291 · management and general $28,291

  • 11a · Fees: management

    total $46,050 · program services $12,240 · management and general $33,810

  • 11b · Fees: legal

    total $53,907 · management and general $53,907

  • 11c · Fees: accounting

    total $28,650 · program services $9,000 · management and general $19,650

  • 11d · Fees: lobbying

    total $40,000 · management and general $40,000

  • 13 · Office expenses

    total $58,252 · program services $4,010 · management and general $54,242

  • 16 · Occupancy

    total $23,000 · program services $13,000 · management and general $10,000

  • 17 · Travel

    total $9,266 · program services $6,152 · management and general $3,114

  • 22 · Depreciation, depletion and amortization

    total $678 · management and general $678

  • 23 · Insurance

    total $3,705 · management and general $3,705

  • 24a · Other expenses: Contract Services

    total $301,716 · program services $154,245 · management and general $147,471

  • 24b · Other expenses: Operations

    total $24,117 · management and general $24,117

  • 24c · Other expenses: Auto Lease

    total $14,969 · management and general $14,969

  • 24d · Other expenses: Donation

    total $5,305 · management and general $5,305

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,408,416 · end of year $3,187,612

  • 4 · Accounts receivable

    beginning of year $65,900 · end of year $92,586

  • 7 · Other notes and loans receivable

    end of year $169,003

  • 10a · Land, buildings and equipment: cost or other basis

    $21,517

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,319

  • 10c · Land, buildings and equipment, net

    beginning of year $8,657 · end of year $19,198

  • 15 · Other assets

    beginning of year $124,573

  • 17 · Accounts payable and accrued expenses

    beginning of year $386,343 · end of year $40,000

  • 24 · Unsecured notes and loans payable

    beginning of year $457,515 · end of year $547,177

  • 25 · Other liabilities

    beginning of year $31,536 · end of year $12,301

  • 27 · Net assets without donor restrictions

    beginning of year $2,732,152 · end of year $2,868,921

Mission and programs · 2024

Mission

Build a strong vibrant community through sustainable community and economic development programs by leveraging resources and addressing cultural needs.

Activities or mission (Part I)

Build a strong vibrant community through sustainable community and economic development programs

  • Housing program is the largest program that provide rent and utilities

    Expenses $1,583,287

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Asad Aliweyd

    Director

    Total calculated
    $163,900
    From this org
    $163,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Abdi Sheik Nur

    Board Chair

    Total calculated
    $0
    Hours/week
    1

  • Mahat Ali

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Abdihakim A

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Abdinasir H

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Fatah Osman

    Board Member

    Total calculated
    $0
    Hours/week
    1

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, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Schedule J

Answered yes

  • 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 cash amount reported

  • no cash amount reported

  • no cash amount reported

  • no cash amount reported

  • no cash amount reported

  • no cash amount reported

  • no cash amount reported

  • no cash amount reported

  • no cash amount reported

  • no cash amount reported

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
1 April 2025
IRS schema version
2024v5.0
Source object
202532879349301258

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.