Skip to content
Nonprofiteer
← NDC SUPPORT I INC

Form 990 for tax year 2024

Filed by NDC SUPPORT I INC.

Totals

Total revenue
$1,657,357
Total expenses
$106,334
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$89,077
Investment income
$1,568,280
Other revenue
$0
Total assets, end of year
$13,432,155
Total liabilities, end of year
$65,925
Net assets or fund balances, end of year
$13,366,230
Program services expenses (Part IX)
$3,233
Management and general expenses
$103,101
Fundraising expenses
$0
Program service expenses (Part III)
$3,233

Program services were 3.0% 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.

  • 2a · Program service revenue: LOAN INTEREST

    total $89,077 · related or exempt $89,077

  • 3 · Investment income

    total $256,153 · excluded $256,153

  • 7a · Gross sales of assets other than inventory

    securities $10,375,869

  • 7b · Less cost or other basis and sales expenses

    securities $9,063,742

  • 7c · Gain or loss

    securities $1,312,127

  • 7d · Net gain or loss

    total $1,312,127 · excluded $1,312,127

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $25,685 · program services $2,133 · management and general $23,552

  • 8 · Pension plan contributions

    total $3,758 · program services $383 · management and general $3,375

  • 9 · Other employee benefits

    total $2,931 · program services $298 · management and general $2,633

  • 10 · Payroll taxes

    total $1,214 · program services $124 · management and general $1,090

  • 11c · Fees: accounting

    total $51,945 · management and general $51,945

  • 11f · Fees: investment management

    total $17,507 · management and general $17,507

  • 17 · Travel

    total $2,521 · program services $295 · management and general $2,226

  • 24a · Other expenses: FILING FEE

    total $750 · management and general $750

  • 24e · All other expenses

    total $23 · management and general $23

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,638,287 · end of year $380,920

  • 2 · Savings and temporary cash investments

    beginning of year $110,880 · end of year $114,509

  • 7 · Other notes and loans receivable

    beginning of year $2,631,470 · end of year $5,000,000

  • 11 · Investments: publicly traded securities

    beginning of year $8,263,041 · end of year $7,884,254

  • 15 · Other assets

    beginning of year $78,186 · end of year $52,472

  • 17 · Accounts payable and accrued expenses

    beginning of year $386,497 · end of year $7,835

  • 18 · Grants payable

    beginning of year $795,126 · end of year $58,090

  • 27 · Net assets without donor restrictions

    beginning of year $12,540,241 · end of year $13,366,230

Mission and programs · 2024

Mission

NDC SUPPORT I, INC IS A TYPE 1 SUPPORTING ORGANIZATION WHOSE SOLE MISSION IS TO SUPPORT THE MISSION OF THE NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT, INC DBA THE NATIONAL DEVELOPMENT COUNCIL ("NDC"), A 501(C)(3) CORPORATION THROUGH (CONT. ON P. 1 OF SCH. O) AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENT - NDC IS ONE OF THE NATION'S LEADING ORGANIZATIONS SUPPORTING LOW-INCOME PEOPLE AND COMMUNITIES.

Activities or mission (Part I)

THE SOLE MISSION OF NDC SUPPORT I, INC IS TO SUPPORT THE NATIONAL COUNCIL (CONT. ON P. 1 OF SCH. O) FOR COMMUNITY DEVELOPMENT WHOSE MISSION IS TO CREATE ECONOMIC OPPORTUNITY, AFFORDABLE HOUSING AND TO STRENGTHEN COMMUNITIES IN UNDERSERVED AREAS ACROSS THE UNITED STATES.

  • GRANTS TO SUPPORT DIRECTLY AND INDIRECTLY NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT, INC. DBA THE NATIONAL DEVELOPMENT COUNCIL, A PUBLIC CHARITY UNDER IRC SECTIONS 501(C)(3) AND 509(A)(2).

    Expenses $3,233 · Revenue $89,077

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

Listed in Part VII

  • GARY PERLOW

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.43 + 1.71 related

  • JAMIE BLOSSER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.43 + 1.71 related

  • JESSICA COSTELLO

    BOARD MEMBER AND SECRETARY

    Total calculated
    $0
    Hours/week
    0.43 + 1.71 related

  • JESSICA ZIMBABWE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.43 + 1.71 related

  • NICOLE HUDSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.43 + 1.71 related

  • PATRICK DUGGAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.43 + 1.71 related

  • REGINA MONTOYA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.43 + 1.71 related

  • SETH BONGARTZ

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.43 + 1.71 related

  • STUART COMSTOCK-GAY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.43 + 1.71 related

  • TOMASITA DURAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.43 + 1.71 related

  • ADAM ENNIS

    COO

    Total calculated
    $444,236
    From this org
    $0
    From related orgs
    $351,274
    Other
    $92,962
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $286,274 related
    Bonus
    $0 + $65,000 related
    Other
    $0
    Deferred
    $0 + $39,024 related
    Nontaxable benefits
    $0 + $53,938 related
    Filer's total
    $0 + $444,236 related

  • DANIEL CHOI

    CFO AND TREASURER

    Total calculated
    $332,089
    From this org
    $0
    From related orgs
    $271,108
    Other
    $60,981
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $231,108 related
    Bonus
    $0 + $40,000 related
    Other
    $0
    Deferred
    $0 + $10,941 related
    Nontaxable benefits
    $0 + $50,040 related
    Filer's total
    $0 + $332,089 related

  • DANIEL MARSH III

    PRESIDENT

    Total calculated
    $605,052
    From this org
    $0
    From related orgs
    $531,397
    Other
    $73,655
    Hours/week
    1.1 + 53.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $431,397 related
    Bonus
    $0 + $100,000 related
    Other
    $0
    Deferred
    $0 + $54,928 related
    Nontaxable benefits
    $0 + $18,727 related
    Filer's total
    $0 + $605,052 related

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. 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

PART I, LINE 3
ALL COMPENSATION IS DETERMINED BY A RELATED ORGANIZATION USING THE FOLLOWING: THE BOARD OF DIRECTORS OF NDC HAS A STANDING COMPENSATION REVIEW COMMITTEE, THE MEMBERS OF WHICH ARE ALL INDEPENDENT DIRECTORS. THE COMMITTEE ENGAGES A THIRD PARTY INDEPENDENT CONSULTANT TO REVIEW THE COMPENSATION OF THE PRESIDENT EVERY TWO YEARS. THE COMMITTEE REVIEWS AND DISCUSSES THE FINDINGS AT A SPECIAL SESSION WITH ALL BOARD MEMBERS PRESENT EXCEPT THE PRESIDENT.
PART I, LINE 4B:
THE FOLLOWING INDIVIDUALS PARTICIPATE IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN, NO CONTRIBUTIONS WERE MADE DURING THE YEAR. - DANIEL MARSH III

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202523159349305202

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.