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Nonprofiteer
← NDC SUPPORT I INC

Form 990 for tax year 2023

Filed by NDC SUPPORT I INC.

Totals

Total revenue
$311,914
Total expenses
$426,463
Contributions and grants received
$0
Grants paid
$305,768
Program service revenue
$91,863
Investment income
$220,051
Other revenue
$0
Total assets, end of year
$13,721,864
Total liabilities, end of year
$1,181,623
Net assets or fund balances, end of year
$12,540,241
Program services expenses (Part IX)
$308,602
Management and general expenses
$117,861
Fundraising expenses
$0
Program service expenses (Part III)
$308,602

Program services were 72.4% 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 $91,863 · related or exempt $91,863

  • 3 · Investment income

    total $220,042 · excluded $220,042

  • 7a · Gross sales of assets other than inventory

    securities $15,524

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

    securities $15,515

  • 7c · Gain or loss

    securities $9

  • 7d · Net gain or loss

    total $9 · excluded $9

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $305,768 · program services $305,768

  • 7 · Other salaries and wages

    total $34,557 · program services $2,064 · management and general $32,493

  • 8 · Pension plan contributions

    total $740 · program services $43 · management and general $697

  • 9 · Other employee benefits

    total $7,792 · program services $449 · management and general $7,343

  • 10 · Payroll taxes

    total $1,942 · program services $112 · management and general $1,830

  • 11c · Fees: accounting

    total $55,930 · management and general $55,930

  • 11f · Fees: investment management

    total $16,580 · management and general $16,580

  • 13 · Office expenses

    total $151 · management and general $151

  • 17 · Travel

    total $2,253 · program services $166 · management and general $2,087

  • 24a · Other expenses: FILLING FEE

    total $750 · management and general $750

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $155,622 · end of year $2,638,287

  • 2 · Savings and temporary cash investments

    beginning of year $107,777 · end of year $110,880

  • 7 · Other notes and loans receivable

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

  • 11 · Investments: publicly traded securities

    beginning of year $7,171,725 · end of year $8,263,041

  • 15 · Other assets

    beginning of year $103,562 · end of year $78,186

  • 17 · Accounts payable and accrued expenses

    beginning of year $231,476 · end of year $386,497

  • 18 · Grants payable

    beginning of year $539,358 · end of year $795,126

  • 27 · Net assets without donor restrictions

    beginning of year $11,767,852 · end of year $12,540,241

Mission and programs · 2023

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 $308,602 · Grants $305,768 · Revenue $91,863

As filed on the 2023 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
    0.4 + 1.6 related

  • Jamie Blosser

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.4 + 1.6 related

  • Jessica Costello

    BOARD MEMBER AND SECRETARY

    Total calculated
    $0
    Hours/week
    0.4 + 1.6 related

  • Jessica Zimbabwe

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.4 + 1.6 related

  • Nicole Hudson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.4 + 1.6 related

  • Patrick Duggan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.4 + 1.6 related

  • Regina Montoya

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.4 + 1.6 related

  • Saundra Johnson Hudson

    OUTGOING BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.4 + 1.6 related

  • Seth Bongartz

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.4 + 1.6 related

  • Stuart Comstock-Gay

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.4 + 1.6 related

  • Tomasita Duran

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1.85 related

  • Adam Ennis

    COO

    Total calculated
    $385,626
    From this org
    $0
    From related orgs
    $298,140
    Other
    $87,486
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $297,600 related
    Bonus
    $0
    Other
    $0 + $540 related
    Deferred
    $0 + $38,804 related
    Nontaxable benefits
    $0 + $48,682 related
    Filer's total
    $0 + $385,626 related

  • Daniel Choi

    CFO AND TREASURER

    Total calculated
    $308,511
    From this org
    $0
    From related orgs
    $225,345
    Other
    $83,166
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $224,950 related
    Bonus
    $0
    Other
    $0 + $395 related
    Deferred
    $0 + $34,222 related
    Nontaxable benefits
    $0 + $48,944 related
    Filer's total
    $0 + $308,511 related

  • Daniel Marsh III

    PRESIDENT

    Total calculated
    $682,734
    From this org
    $0
    From related orgs
    $519,444
    Other
    $163,290
    Hours/week
    1.1 + 53.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $514,500 related
    Bonus
    $0
    Other
    $0 + $4,944 related
    Deferred
    $0 + $144,693 related
    Nontaxable benefits
    $0 + $18,597 related
    Filer's total
    $0 + $682,734 related

  • Gertrude Scriven

    TREASURER

    Total calculated
    $405,183
    From this org
    $0
    From related orgs
    $273,305
    Other
    $131,878
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $269,028 related
    Bonus
    $0
    Other
    $0 + $4,277 related
    Deferred
    $0 + $111,451 related
    Nontaxable benefits
    $0 + $20,427 related
    Filer's total
    $0 + $405,183 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 4B
THE FOLLOWING INDIVIDUALS PARTICIPATE IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN, NO CONTRIBUTIONS WERE MADE DURING THE YEAR. - GERTRUDE SCRIVEN - 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

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.

  • NDC CORPORATE EQUITY FUND III

    LOW INCOME HOUSING · NY

  • NDC CORPORATE EQUITY FUND IV

    LOW INCOME HOUSING · NY

  • NDC CORPORATE EQUITY FUND V

    LOW INCOME HOUSING · NY

  • NDC CORPORATE EQUITY FUND VI

    LOW INCOME HOUSING · NY

  • NDC CORPORATE EQUITY FUND VII

    LOW INCOME HOUSING · NY

  • NDC CORPORATE EQUITY FUND VIII

    LOW INCOME HOUSING · NY

  • NDC CORPORATE EQUITY FUND IX

    LOW INCOME HOUSING · NY

  • NDC CORPORATE EQUITY FUND X

    LOW INCOME HOUSING · NY

  • NDC CORPORATE EQUITY FUND XI

    LOW INCOME HOUSING · NY

  • NDC CORPORATE EQUITY FUND XII

    LOW INCOME HOUSING · NY

  • NDC CORPORATE EQUITY FUND XIII

    LOW INCOME HOUSING · NY

  • NDC CORPORATE EQUITY FUND XIV

    LOW INCOME HOUSING · NY

  • NDC CORPORATE EQUITY FUND XV

    LOW INCOME HOUSING · NY

  • NDC CORPORATE EQUITY FUND XVI

    LOW INCOME HOUSING · NY

  • NDC CORPORATE EQUITY FUND XVII

    LOW INCOME HOUSING · NY

  • NDC CORPORATE EQUITY FUND XVIII

    LOW INCOME HOUSING · NY

  • NDC CORPORATE EQUITY FUND XIX

    LOW INCOME HOUSING · NY

Related corporations and trusts

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

  • COMMUNITY DEVELOPMENT GROUP HOLT

    C · HOUSING · NY

  • COMMUNITY DEVELOPMENT GROUP ILLINOIS INC

    C · HOUSING · NY

  • COMMUNITY DEVELOPMENT GROUP KENTUCKY INC

    C · ECONOMIC DEVELOPMENT · NY

  • COMMUNITY DEVELOPMENT GROUP RENEWABLE ENERGY

    C · ECONOMIC DEVELOPMENT · NY

  • COMMUNITY DEVELOPMENT GROUP WALLA WALLA INC

    C · ECONOMIC DEVELOPMENT · NY

  • COMMUNITY DEVELOPMENT INVESTOR BROOKLYN

    C · ECONOMIC DEVELOPMENT · NY

  • HOUSING DEVELOPMENT GROUP III INC

    C · HOUSING · NY

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202433189349308788

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