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← NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC

Form 990 for tax year 2022

Filed by NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC.

Totals

Total revenue
$35,945,507
Total expenses
$31,712,139
Contributions and grants received
$26,266,742
Grants paid
$16,221,198
Program service revenue
$9,444,092
Investment income
$18,915
Other revenue
$215,758
Total assets, end of year
$46,688,940
Total liabilities, end of year
$28,089,495
Net assets or fund balances, end of year
$18,599,445
Program services expenses (Part IX)
$27,254,412
Management and general expenses
$4,457,727
Fundraising expenses
$0
Program service expenses (Part III)
$27,254,412

Program services were 85.9% 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.

  • 1d · Related organizations

    $5,686,269

  • 1e · Government grants (contributions)

    $17,136,715

  • 1f · All other contributions, gifts and grants

    $3,443,758

  • 2a · Program service revenue: TECHNICAL ASSISTANCE

    total $5,748,432 · related or exempt $5,748,432

  • 2b · Program service revenue: TRAINING REVENUE

    total $2,056,686 · related or exempt $2,056,686

  • 2c · Program service revenue: ASSET MANAGEMENT FEES

    total $1,569,205 · related or exempt $1,569,205

  • 2d · Program service revenue: LOAN INTEREST

    total $69,769 · related or exempt $69,769

  • 3 · Investment income

    total $18,951 · excluded $18,951

  • 6a · Gross rents

    real property $163,308

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $163,308

  • 6d · Net rental income or loss

    total $163,308 · excluded $163,308

  • 7a · Gross sales of assets other than inventory

    securities $4,504

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

    securities $4,540

  • 7c · Gain or loss

    securities -$36

  • 7d · Net gain or loss

    total -$36 · excluded -$36

  • 11a · Other revenue: REIMBURSEMENT FEE INCOME

    total $7,579 · related or exempt $7,579

  • 11d · All other revenue

    total $44,871 · related or exempt $44,871

  • 11e · Other revenue, total

    $52,450

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $16,221,198 · program services $16,221,198

  • 5 · Compensation of officers, directors and key employees

    total $1,183,308 · program services $897,788 · management and general $285,520

  • 7 · Other salaries and wages

    total $4,497,963 · program services $3,444,384 · management and general $1,053,579

  • 8 · Pension plan contributions

    total $560,371 · program services $406,814 · management and general $153,557

  • 9 · Other employee benefits

    total $1,161,964 · program services $923,767 · management and general $238,197

  • 10 · Payroll taxes

    total $348,456 · program services $269,795 · management and general $78,661

  • 11b · Fees: legal

    total $424,133 · management and general $424,133

  • 11c · Fees: accounting

    total $310,619 · management and general $310,619

  • 11d · Fees: lobbying

    total $93,750 · program services $93,750

  • 11g · Fees: other

    total $3,344,499 · program services $3,172,626 · management and general $171,873

  • 12 · Advertising and promotion

    total $11,000 · program services $8,504 · management and general $2,496

  • 13 · Office expenses

    total $410,659 · program services $178,535 · management and general $232,124

  • 14 · Information technology

    total $547,782 · program services $423,476 · management and general $124,306

  • 16 · Occupancy

    total $360,921 · program services $279,019 · management and general $81,902

  • 17 · Travel

    total $669,053 · program services $556,642 · management and general $112,411

  • 19 · Conferences, conventions and meetings

    total $369,957 · management and general $369,957

  • 20 · Interest

    total $192,499 · management and general $192,499

  • 22 · Depreciation, depletion and amortization

    total $51,713 · program services $39,971 · management and general $11,742

  • 23 · Insurance

    total $255,710 · management and general $255,710

  • 24a · Other expenses: FEES

    total $300,797 · management and general $300,797

  • 24b · Other expenses: TRAINING SITES

    total $141,770 · program services $141,770

  • 24c · Other expenses: BAD DEBT

    total $97,077 · program services $75,048 · management and general $22,029

  • 24d · Other expenses: SUBSCRIPTIONS AND MEMBE

    total $88,966 · program services $68,777 · management and general $20,189

  • 24e · All other expenses

    total $67,974 · program services $52,548 · management and general $15,426

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,113,773 · end of year $17,303,260

  • 3 · Pledges and grants receivable

    beginning of year $3,496,503 · end of year $6,838,490

  • 4 · Accounts receivable

    beginning of year $5,030,665 · end of year $9,664,773

  • 7 · Other notes and loans receivable

    beginning of year $8,038,043 · end of year $820,175

  • 9 · Prepaid expenses and deferred charges

    beginning of year $455,136 · end of year $762,113

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

    $1,885,813

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

    $1,344,422

  • 10c · Land, buildings and equipment, net

    beginning of year $55,870 · end of year $541,391

  • 11 · Investments: publicly traded securities

    beginning of year $974,883 · end of year $823,206

  • 14 · Intangible assets

    end of year $9,906,718

  • 15 · Other assets

    beginning of year $28,814 · end of year $28,814

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,552,213 · end of year $1,689,866

  • 18 · Grants payable

    beginning of year $84,971

  • 19 · Deferred revenue

    beginning of year $849,819 · end of year $9,560,614

  • 23 · Secured mortgages and notes payable

    beginning of year $1,000,000 · end of year $1,000,000

  • 25 · Other liabilities

    beginning of year $7,779,471 · end of year $15,839,015

  • 27 · Net assets without donor restrictions

    beginning of year $11,697,697 · end of year $17,948,017

  • 28 · Net assets with donor restrictions

    beginning of year $1,229,516 · end of year $651,428

Mission and programs · 2022

Mission

THE THREE PRIMARY EXEMPT PURPOSES OF THE NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT DBA THE NATIONAL DEVELOPMENT COUNCIL ARE TO:- ENCOURAGE AND FOSTER BUSINESS OWNERSHIP BY MEMBERS OF DISADVANTAGED GROUPS. (CONT. ON SCHEDULE O)- CONDUCT PROGRAMS TO INFORM AND AID COMMUNITIES IN OBTAINING AND UTILIZING GOVERNMENTAL AND OTHER FUNDS FOR SUPPORT OF LOCAL ECONOMIC DEVELOPMENT.- PROVIDE QUALITY HOUSING FOR LOW INCOME PERSONS.

Activities or mission (Part I)

THE MISSION OF THE NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT, INC. DBA (CONT. ON SCHEDULE O) THE NATIONAL DEVELOPMENT COUNCIL (NDC), IS TO CREATE ECONOMIC OPPORTUNITY, AFFORDABLE HOUSING AND TO STRENGTHEN COMMUNITIES IN UNDERSERVED AREAS ACROSS THE UNITED STATES.

  • ENCOURAGE AND FOSTER BUSINESS OWNERSHIP BY MEMBERS OF DISADVANTAGED GROUPS:THROUGH NDC'S ADVISORY SERVICES AND SMALL BUSINESS LENDING UNITS, WE HAVE ASSISTED MORE THAN 35,800 NONPROFITS AND SMALL BUSINESSES OWNED BY DISADVANTAGED INDIVIDUALS OR INDIVIDUALS LOCATED IN LOW-INCOME CENSUS TRACTS ACROSS THE NATION BY PROVIDING SBA GUARANTEED 7A LOANS, SBA GUARANTEED PPP LOANS, COVID RECOVERY GRANTS, NON-GUARANTEED LOANS, TRAINING AND BUSINESS COUNSELING SERVICES. NDC EXTENDED OVER $609 MILLION IN COVID RECOVERY FINANCING IN THE FORM OF GRANTS OR LOANS AT BELOW MARKET INTEREST RATES WITH ATTRACTIVE TERMS. THE BUSINESS COUNSELING SERVICE IS PROVIDED AT NO COST TO THE (CONT. ON SCHEDULE O) SMALL BUSINESSES.

    Expenses $11,708,030 · Grants $16,221,198 · Revenue $3,982,757

  • INFORM AND AID COMMUNITIES IN OBTAINING AND UTILIZING GOVERNMENTAL FUNDS FOR SUPPORT OF LOCAL ECONOMIC DEVELOPMENT:NDC CONDUCTS TRAINING AND PROVIDES COUNSELING AND TECHNICAL ASSISTANCE TO DISADVANTAGED COMMUNITIES FOR SUPPORT OF LOCAL ECONOMIC DEVELOPMENT AND COMMUNITY DEVELOPMENT.DURING THE YEAR, NDC WORKED WITH MORE THAN 100 COMMUNITIES PROVIDING TECHNICAL ASSISTANCE AND GUIDANCE IN CARRYING OUT ECONOMIC AND COMMUNITY DEVELOPMENT STRATEGIES, PROGRAMS, PROJECTS, AND DEVELOPING PUBLIC FACILITIES. THROUGH THESE SERVICES, NDC ACHIEVED FINANCING FOR PROJECTS AND PROGRAMS OF MORE THAN $1.5 BILLION, (CONT. ON SCHEDULE O) INCLUSIVE OF GOVERNMENT AND PRIVATE SECTOR FUNDS.

    Expenses $7,208,316 · Revenue $2,556,550

  • TO PROVIDE HOUSING FOR LOW INCOME INDIVIDUALS AND FAMILIES:NDC CONDUCTS TRAINING AND PROVIDES COUNSELING AND TECHNICAL ASSISTANCE TO DISADVANTAGED COMMUNITIES AND NONPROFIT ORGANIZATIONS IN SUPPORT OF PROVIDING HOUSING FOR LOW-INCOME PERSONS. DURING THE YEAR, NDC WORKED WITH MORE THAN 100 COMMUNITIES AND NONPROFIT ORGANIZATIONS AND PROVIDED TRAINING TO PRACTITIONERS IN HOUSING DEVELOPMENT FOR LOW-INCOME PERSONS AND IN LOW-INCOME COMMUNITIES. IN 2022, EIGHTY-SIX PRACTITIONERS COMPLETED NDC'S HOUSING DEVELOPMENT FINANCE PROFESSIONAL (HDFP) CERTIFICATION SERIES. (CONT. ON SCHEDULE O)

    Expenses $8,338,066 · Revenue $2,957,235

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Daniel Marsh III

    PRESIDENT & CEO

    Total calculated
    $643,757
    From this org
    $452,944
    From related orgs
    $0
    Other
    $190,813
    Hours/week
    44 + 11 related

    Schedule J breakdown matched by us

    Base
    $448,000
    Bonus
    $0
    Other
    $4,944
    Deferred
    $172,604
    Nontaxable benefits
    $18,209
    Filer's total
    $643,757

  • Gary Perlow

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.85 + 0.5 related

  • Jamie Blosser

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.85 + 0.5 related

  • Jessica Costello

    SECRETARY

    Total calculated
    $0
    Hours/week
    1.85 + 0.5 related

  • Jessica Zimbabwe

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.85 + 0.5 related

  • Patrick Duggan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.85 + 0.5 related

  • Regina Montoya

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.85 + 0.5 related

  • Saundra Hudson

    OUTGOING BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.85 + 0.5 related

  • Seth Bongartz

    CHAIR/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.85 + 0.5 related

  • Stuart Comstock-Gay

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.85 + 0.5 related

  • Tomasita Duran

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.85 + 0.5 related

  • Adam Ennis

    COO/ASSISTANT SECRETARY

    Total calculated
    $310,304
    From this org
    $220,109
    From related orgs
    $0
    Other
    $90,195
    Hours/week
    20.5 + 29.5 related

    Schedule J breakdown matched by us

    Base
    $219,640
    Bonus
    $0
    Other
    $469
    Deferred
    $45,531
    Nontaxable benefits
    $44,664
    Filer's total
    $310,304

  • Gertrude Scriven

    TREASURER

    Total calculated
    $333,959
    From this org
    $213,515
    From related orgs
    $0
    Other
    $120,444
    Hours/week
    47.5 + 2.5 related

    Schedule J breakdown matched by us

    Base
    $209,449
    Bonus
    $0
    Other
    $4,066
    Deferred
    $101,257
    Nontaxable benefits
    $19,187
    Filer's total
    $333,959

  • Daniel Choi

    CFO

    Total calculated
    $250,420
    From this org
    $164,163
    From related orgs
    $0
    Other
    $86,257
    Hours/week
    12.5 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $163,867
    Bonus
    $0
    Other
    $296
    Deferred
    $42,978
    Nontaxable benefits
    $43,279
    Filer's total
    $250,420

  • Raquel Favela

    SENIOR DIRECTOR

    Total calculated
    $289,131
    From this org
    $216,670
    From related orgs
    $0
    Other
    $72,461
    Hours/week
    47 + 3 related

    Schedule J breakdown matched by us

    Base
    $215,591
    Bonus
    $0
    Other
    $1,079
    Deferred
    $53,390
    Nontaxable benefits
    $19,071
    Filer's total
    $289,131

  • David Trevisani

    PRODUCT MANAGER

    Total calculated
    $300,203
    From this org
    $214,643
    From related orgs
    $0
    Other
    $85,560
    Hours/week
    25 + 25 related

    Schedule J breakdown matched by us

    Base
    $211,641
    Bonus
    $0
    Other
    $3,002
    Deferred
    $40,946
    Nontaxable benefits
    $44,614
    Filer's total
    $300,203

  • Kevin Gremse

    REGIONAL MANAGER

    Total calculated
    $333,542
    From this org
    $243,106
    From related orgs
    $0
    Other
    $90,436
    Hours/week
    45 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $240,841
    Bonus
    $0
    Other
    $2,265
    Deferred
    $44,772
    Nontaxable benefits
    $45,664
    Filer's total
    $333,542

  • Michael Griffin

    FUND MANAGER

    Total calculated
    $357,072
    From this org
    $252,267
    From related orgs
    $0
    Other
    $104,805
    Hours/week
    2.5 + 47.5 related

    Schedule J breakdown matched by us

    Base
    $249,945
    Bonus
    $0
    Other
    $2,322
    Deferred
    $61,088
    Nontaxable benefits
    $43,717
    Filer's total
    $357,072

  • Stephanie Dugan

    PRODUCT MANAGER

    Total calculated
    $288,597
    From this org
    $215,123
    From related orgs
    $0
    Other
    $73,474
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $212,121
    Bonus
    $0
    Other
    $3,002
    Deferred
    $41,779
    Nontaxable benefits
    $31,695
    Filer's total
    $288,597

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

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
  • 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. - DANIEL MARSH III - GERTRUDE SCRIVEN
PART I, LINE 7
THE AMOUNT INCLUDED ON PART II, B(II), REPRESENTS BONUSES THAT WERE APPROVED BY THE BOARD. THE AMOUNT WAS INCLUDED IN THE INDIVIDUAL'S W-2.

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

  • CDP WASHINGTON LOAN FUND

    $611,000

    OPERATING SUPPORT

  • NDC COMMUNITY IMPACT LOAN FUND

    $500,000

    OPERATING SUPPORT

  • BINW

    $105,000

    COVID-19 ASSISTANCE

  • EVERGREEN CAPITAL

    $95,370

    COVID-19 ASSISTANCE

  • CRAFT3

    $76,990

    COVID-19 ASSISTANCE

  • A CHIROPRACTIC HEALING

    $50,000

    COVID-19 ASSISTANCE

  • BROADWAY D&R CONTRACTING INC

    $50,000

    COVID-19 ASSISTANCE

  • DESIRED DESIGNS LLC

    $50,000

    COVID-19 ASSISTANCE

  • J'AKE N' CO LLC

    $50,000

    COVID-19 ASSISTANCE

  • JOSEPH L PHILLIPS

    $50,000

    COVID-19 ASSISTANCE

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

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.

  • NEW YORK

    501(C)(3) · LOANS AT BELOW-MARKET RATES FOR ECONOMIC DEVELOPMENT · DE · controlled entity

    Directly controlled by NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC

  • KINGSBOROUGH HOUSING DEVELOPMENT FUND COMPANY INC

    501(C)(3) · HOUSING · NY · controlled entity

    Directly controlled by NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC

  • NDC GREEN RENEWABLE ENERGY ENTERPRISE NEXUS

    501(C)(3) · ECONOMIC DEVELOPMENT · NY · controlled entity

    Directly controlled by NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC

  • NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION

    501(C)(3) · ECON DEV/ASSIST GOV/HOUSING · VA · controlled entity

    Directly controlled by NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC

  • NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION-GROUP RETURN

    501(C)(3) · ECON DEV/ASSIST GOV/HOUSING · VA · controlled entity

    Directly controlled by NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC

  • NDC RESOURCES

    501(C)(3) · ECON DEV/HOUSING/ASSIST GOV'T · DC · controlled entity

    Directly controlled by NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC

  • NDC SUPPORT I INC

    501(C)(3) · SUPPORT NDC · NY · controlled entity

    Directly controlled by NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT INC

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.

  • CDG KENTUCKY INC

    C · HOUSING · NY · 100% owned · share of assets $1,902

    Directly controlled by NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT

  • COMMUNITY DEVELOPMENT GROUP WALLA WALLA INC

    C · ECONOMIC DEVELOPMENT · NY · 100% owned

    Directly controlled by NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT

  • CDI BROOKLYN INC

    C · ECONOMIC DEVELOPMENT · NY · 100% owned · share of assets $52,994,435

    Directly controlled by NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT

  • COMMUNITY DEVELOPMENT GROUP ILLINOIS INC

    C · HOUSING · NY · 100% owned

    Directly controlled by NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT

  • HOUSING DEVELOPMENT GROUP III

    C · HOUSING · NY · 100% owned · share of assets $282,700

    Directly controlled by NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT

  • COMMUNITY DEVELOPMENT GROUP RENEWABLE ENERGY

    C · ECONOMIC DEVELOPMENT · NY · 100% owned · share of income $150,000 · share of assets $2,040,631

    Directly controlled by NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202343179349302729

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