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Nonprofiteer
← NEIGHBORHOOD COMMUNITY DEVELOPMENT FUND

Form 990 for tax year 2024

Filed by NEIGHBORHOOD COMMUNITY DEVELOPMENT FUND.

Totals

Total revenue
$5,316,023
Total expenses
$3,158,209
Contributions and grants received
$3,986,852
Grants paid
$0
Program service revenue
$1,259,784
Investment income
$40,489
Other revenue
$28,898
Total assets, end of year
$24,719,044
Total liabilities, end of year
$15,042,107
Net assets or fund balances, end of year
$9,676,937
Program services expenses (Part IX)
$2,539,791
Management and general expenses
$313,753
Fundraising expenses
$304,665
Program service expenses (Part III)
$2,539,791

Program services were 80.4% 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.

  • 1c · Fundraising events

    $2,673

  • 1e · Government grants (contributions)

    $1,544,128

  • 1f · All other contributions, gifts and grants

    $2,440,051

  • 2a · Program service revenue: INTEREST - LENDING ACTIVITIES

    total $1,136,161 · related or exempt $1,136,161

  • 2b · Program service revenue: LOAN FEES

    total $91,123 · related or exempt $91,123

  • 2c · Program service revenue: RECOVERY OF LOANS CHARGED-OFF

    total $32,500 · related or exempt $32,500

  • 3 · Investment income

    total $40,489 · excluded $40,489

  • 8a · Fundraising events: gross income

    $51,100

  • 8a · Fundraising events: contributions included on line 1c

    $2,673

  • 8b · Fundraising events: direct expenses

    $22,794

  • 8c · Net income from fundraising events

    total $28,306 · excluded $28,306

  • 11a · Other revenue: MISCELLANEOUS

    total $592 · related or exempt $592

  • 11e · Other revenue, total

    $592

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $219,501 · program services $197,551 · management and general $10,975 · fundraising $10,975

  • 7 · Other salaries and wages

    total $837,977 · program services $489,113 · management and general $175,126 · fundraising $173,738

  • 8 · Pension plan contributions

    total $19,594 · program services $11,341 · management and general $3,817 · fundraising $4,436

  • 9 · Other employee benefits

    total $126,594 · program services $78,326 · management and general $22,381 · fundraising $25,887

  • 10 · Payroll taxes

    total $78,730 · program services $51,136 · management and general $14,071 · fundraising $13,523

  • 11b · Fees: legal

    total $33,492 · program services $27,718 · management and general $2,857 · fundraising $2,917

  • 11c · Fees: accounting

    total $186,233 · program services $154,130 · management and general $15,884 · fundraising $16,219

  • 11g · Fees: other

    total $98,151 · program services $59,495 · management and general $818 · fundraising $37,838

  • 12 · Advertising and promotion

    total $186,739 · program services $186,287 · management and general $161 · fundraising $291

  • 13 · Office expenses

    total $14,916 · program services $11,977 · management and general $1,558 · fundraising $1,381

  • 14 · Information technology

    total $48,902 · program services $39,122 · management and general $4,890 · fundraising $4,890

  • 16 · Occupancy

    total $45,878 · program services $39,353 · management and general $4,978 · fundraising $1,547

  • 17 · Travel

    total $18,932 · program services $17,054 · management and general $1,052 · fundraising $826

  • 19 · Conferences, conventions and meetings

    total $59,286 · program services $54,463 · management and general $1,907 · fundraising $2,916

  • 20 · Interest

    total $581,593 · program services $580,769 · management and general $412 · fundraising $412

  • 22 · Depreciation, depletion and amortization

    total $39,814 · program services $31,890 · management and general $3,962 · fundraising $3,962

  • 23 · Insurance

    total $6,056 · program services $4,844 · management and general $606 · fundraising $606

  • 24a · Other expenses: PROVISION FOR LOAN LOSS

    total $351,299 · program services $351,299

  • 24b · Other expenses: MISCELLANEOUS

    total $101,246 · program services $54,165 · management and general $47,081

  • 24c · Other expenses: LOAN FEES

    total $89,931 · program services $88,806 · fundraising $1,125

  • 24d · Other expenses: EQUIPMENT

    total $13,345 · program services $10,952 · management and general $1,217 · fundraising $1,176

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,513,779 · end of year $4,636,777

  • 2 · Savings and temporary cash investments

    beginning of year $923,630 · end of year $3,282,078

  • 3 · Pledges and grants receivable

    beginning of year $348,631 · end of year $351,340

  • 4 · Accounts receivable

    beginning of year $268,245 · end of year $85,537

  • 7 · Other notes and loans receivable

    beginning of year $13,726,075 · end of year $15,983,783

  • 9 · Prepaid expenses and deferred charges

    beginning of year $47,326 · end of year $58,290

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

    $161,435

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

    $73,264

  • 10c · Land, buildings and equipment, net

    beginning of year $111,533 · end of year $88,171

  • 11 · Investments: publicly traded securities

    end of year $10,000

  • 15 · Other assets

    beginning of year $250,610 · end of year $223,068

  • 17 · Accounts payable and accrued expenses

    beginning of year $91,531 · end of year $107,197

  • 23 · Secured mortgages and notes payable

    beginning of year $9,320,014 · end of year $5,757,836

  • 24 · Unsecured notes and loans payable

    beginning of year $5,864,162 · end of year $9,020,796

  • 25 · Other liabilities

    beginning of year $165,823 · end of year $156,278

  • 27 · Net assets without donor restrictions

    beginning of year $7,415,716 · end of year $9,572,618

  • 28 · Net assets with donor restrictions

    beginning of year $332,583 · end of year $104,319

Mission and programs · 2024

Mission

NEIGHBORHOOD COMMUNITY DEVELOPMENT FUND IS DEDICATED TO SUPPORTING FINANCIAL SUCCESS OF SMALL BUSINESSES AND COMMUNITY DEVELOPMENT PROJECTS IN THE LOW AND MODERATE INCOME NEIGHBORHOODS OF (CONTINUED ON SCHEDULE O)

Activities or mission (Part I)

TO PROMOTE COMMUNITY DEVELOPMENT THROUGH PROVIDING AN ARRAY OF FINANCIAL PRODUCTS AND TECHNICAL ASSISTANCE SERVICES FOR NEIGHBORHOOD BUSINESSES AND REAL ESTATE WITHIN ALLEGHENY COUNTY.

  • NCDF PROVIDED FINANCING TO 100 SMALL BUSINESSES AND COMMUNITY DEVELOPMENT PROJECTS IN 2024 THROUGH LOANS; NCDF'S TECHNICAL ASSISTANCE PROGRAMS SERVED 588 INDIVIDUALS AND BUSINESSES. THE TOTAL PORTFOLIO OF LOANS OUTSTANDING REACHED 294 LOANS, OF WHICH 45% WERE TO LOW AND VERY LOW INCOME BORROWERS, AND THE REMAINDER WERE TO BUSINESS OWNERS AND COMMUNITY ORGANIZATIONS INVESTING IN THEIR LOCAL COMMUNITIES IN PITTSBURGH AND ALLEGHENY COUNTY. NCDF OFFERS FLEXIBLE FINANCING TERMS AND SUPPORTS ITS BORROWERS WITH TECHNICAL ASSISTANCE THAT IS INTENDED TO INCREASE THE CHANCES OF THEIR SUCCESS- WHETHER THAT IS FOR A GROWING SMALL BUSINESS, AN AFFORDABLE HOUSING PROJECT OR A COMMUNITY FACILITY. OVER ITS 24 YEAR HISTORY, NCDF HAS PROVIDED 613 LOANS TOTALING MORE THAN (CONTINUED ON SCHEDULE O)

    Expenses $2,539,791 · Revenue $1,259,784

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

Listed in Part VII

  • Mark Masterson

    EXECUTIVE DI

    Total calculated
    $219,500
    From this org
    $200,000
    From related orgs
    $0
    Other
    $19,500
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    $5,288
    Nontaxable benefits
    $14,212
    Filer's total
    $219,500

  • Debbie Reed Joined 92024

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Isaac Falvey Joined 92024

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Linda Hansen Joined 92024

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mark Nussbaum Joined 92024

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jerome Jackson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Walter Narducci

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Alan D Perry

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • William Roland

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dorrie Smith-Richie

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Derek Uber

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Keith Wehner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Karen Wiles

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Bobby Wilson

    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. 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

None.

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.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
19 June 2025
IRS schema version
2024v5.0
Source object
202541819349300934

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