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Nonprofiteer
← NEIGHBORHOOD REINVESTMENT CORP

Form 990 for tax year 2024

Filed by NEIGHBORHOOD REINVESTMENT CORP.

Totals

Total revenue
$179,198,962
Total expenses
$182,498,924
Contributions and grants received
$170,513,532
Grants paid
$99,888,313
Program services expenses (Part IX)
$168,204,000
Management and general expenses
$12,563,000
Fundraising expenses
$1,731,924
Program service expenses (Part III)
$168,204,000

Program services were 92.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • RODNEY HOOD

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • LISA D COOK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GROVETTA GARDINEER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARTIN GRUENBERG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ADRIANNE TODMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARIETTA E RODRIGUEZ

    PRESIDENT & CEO

    Total calculated
    $279,460
    From this org
    $233,875
    From related orgs
    $0
    Other
    $45,585
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,904
    Bonus
    $17,500
    Other
    $3,471
    Deferred
    $31,904
    Nontaxable benefits
    $13,681
    Filer's total
    $279,460

  • SUSAN M IFILL

    EVP & COO

    Total calculated
    $275,836
    From this org
    $218,744
    From related orgs
    $0
    Other
    $57,092
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,833
    Bonus
    $10,000
    Other
    $4,911
    Deferred
    $29,223
    Nontaxable benefits
    $27,869
    Filer's total
    $275,836

  • KEMBA M ESMOND

    EVP & GENERAL COUNSEL

    Total calculated
    $267,603
    From this org
    $213,175
    From related orgs
    $0
    Other
    $54,428
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,784
    Bonus
    $10,000
    Other
    $2,391
    Deferred
    $28,772
    Nontaxable benefits
    $25,656
    Filer's total
    $267,603

  • ARTURO WELDON

    EVP & CIO

    Total calculated
    $264,988
    From this org
    $210,512
    From related orgs
    $0
    Other
    $54,476
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,009
    Bonus
    $10,000
    Other
    $2,503
    Deferred
    $25,898
    Nontaxable benefits
    $28,578
    Filer's total
    $264,988

  • NAKEASHA SANDERS-SMALL

    EVP AND GENERAL COUNSEL

    Total calculated
    $188,327
    From this org
    $159,684
    From related orgs
    $0
    Other
    $28,643
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,058
    Bonus
    $10,000
    Other
    $1,626
    Deferred
    $0
    Nontaxable benefits
    $28,643
    Filer's total
    $188,327

  • YONAS TESSEMA

    SVP, CONTROLLER

    Total calculated
    $254,292
    From this org
    $189,524
    From related orgs
    $0
    Other
    $64,768
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,683
    Bonus
    $7,000
    Other
    $3,841
    Deferred
    $24,330
    Nontaxable benefits
    $40,438
    Filer's total
    $254,292

  • KIRSTEN T JOHNSON-OBEY

    SVP, PUBLIC POLICY & LEGISLATION

    Total calculated
    $248,934
    From this org
    $184,972
    From related orgs
    $0
    Other
    $63,962
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,131
    Bonus
    $3,000
    Other
    $3,841
    Deferred
    $23,524
    Nontaxable benefits
    $40,438
    Filer's total
    $248,934

  • FREDERICK UDOCHI

    CHIEF AUDIT EXECUTIVE

    Total calculated
    $233,165
    From this org
    $184,287
    From related orgs
    $0
    Other
    $48,878
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,429
    Bonus
    $3,000
    Other
    $6,858
    Deferred
    $23,222
    Nontaxable benefits
    $25,656
    Filer's total
    $233,165

  • FINN SUSAN B

    SVP, EVALUATION, LEADERSHIP

    Total calculated
    $254,641
    From this org
    $200,647
    From related orgs
    $0
    Other
    $53,994
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,939
    Bonus
    $10,850
    Other
    $6,858
    Deferred
    $25,416
    Nontaxable benefits
    $28,578
    Filer's total
    $254,641

  • JOAN M STRAUSSMAN

    RVP, NORTHEAST REGION

    Total calculated
    $249,022
    From this org
    $196,329
    From related orgs
    $0
    Other
    $52,693
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,205
    Bonus
    $3,000
    Other
    $11,124
    Deferred
    $24,115
    Nontaxable benefits
    $28,578
    Filer's total
    $249,022

  • TINA R TRENT

    SVP, CORPORATE STRATEGY AND IMPACT

    Total calculated
    $246,064
    From this org
    $189,063
    From related orgs
    $0
    Other
    $57,001
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,499
    Bonus
    $4,000
    Other
    $3,564
    Deferred
    $15,679
    Nontaxable benefits
    $41,322
    Filer's total
    $246,064

  • TAYNA M FRETT

    SVP, ADMINISTRATIVE SERVICES

    Total calculated
    $245,210
    From this org
    $181,038
    From related orgs
    $0
    Other
    $64,172
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,213
    Bonus
    $5,000
    Other
    $825
    Deferred
    $22,850
    Nontaxable benefits
    $41,322
    Filer's total
    $245,210

  • VALERIE NAVY-DANIELS

    SVP, RESOURCE DEVELOPMENT

    Total calculated
    $245,155
    From this org
    $181,021
    From related orgs
    $0
    Other
    $64,134
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,680
    Bonus
    $1,500
    Other
    $3,841
    Deferred
    $22,812
    Nontaxable benefits
    $41,322
    Filer's total
    $245,155

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 — 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 survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
BONUSES FOR OFFICERS ARE BASED ON INDIVIDUAL PERFORMANCE AND ORGANIZATIONAL CONSIDERATIONS WITHIN THE APPROVED FISCAL-YEAR COMPENSATION FRAMEWORK. BONUS AWARDS FOR OFFICERS ARE SUBJECT TO REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS. BONUSES FOR EMPLOYEES ARE PERFORMANCE-BASED AND AVAILABLE TO ELIGIBLE EMPLOYEES. BONUS AMOUNTS ARE DETERMINED BY MANAGEMENT BASED ON PERFORMANCE, CONTRIBUTION, AND AVAILABLE BUDGET UNDER THE APPROVED ANNUAL BONUS FRAMEWORK. INDIVIDUAL EMPLOYEE BONUSES ARE NOT SUBJECT TO BOARD APPROVAL.

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

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

Provenance

Return type
form_990
Tax year
2024
IRS schema version
2024v5.5
Source object
202602109349301505

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