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NEIGHBORHOOD FINANCE CORPORATION

EIN 42-1353472 DES MOINES, IA

Revenue 2024
$11,435,858
Expenses 2024
$7,188,936

Program services were 82.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
L22Z
Classification
1000
Street
4908 FRANKLIN AVE

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Travis Simpson - President

    Northwest Bank

    Total calculated
    $0
    Hours/week
    1

  • Linda Westergaard - Vice

    President City of Des Moines

    Total calculated
    $0
    Hours/week
    1

  • Scott Overland - Secretary

    City of Cedar Rapids

    Total calculated
    $0
    Hours/week
    0.5

  • Marsha Kephart - Past President

    Iowa State Bank

    Total calculated
    $0
    Hours/week
    1

  • Almardi Abdalla

    Neighborhood Representativ

    Total calculated
    $0
    Hours/week
    0.5

  • Brenner Myers From 102224

    Neighborhood Representativ

    Total calculated
    $0
    Hours/week
    0.5

  • Chris Johansen

    City Of Des Moines

    Total calculated
    $0
    Hours/week
    0.5

  • Cole McClelland

    Bankers Trust

    Total calculated
    $0
    Hours/week
    0.5

  • Danielle Rodriquez Until 080124

    Neighborhood Representativ

    Total calculated
    $0
    Hours/week
    0.5

  • Dave Williamson

    Polk County Public Works

    Total calculated
    $0
    Hours/week
    0.5

  • Dedric Doolin

    Neighborhood Representativ

    Total calculated
    $0
    Hours/week
    0.5

  • Lindsey Azizeh From 022024

    Neighborhood Representativ

    Total calculated
    $0
    Hours/week
    0.5

  • Josh Moore

    Cedar Rapids Bank & Trust

    Total calculated
    $0
    Hours/week
    0.5

  • Margaret Wright From 032624

    Neighborhood Representativ

    Total calculated
    $0
    Hours/week
    0.5

  • Patrick Redding

    First Interstate Bank

    Total calculated
    $0
    Hours/week
    0.5

  • Steve Van Oort

    Polk County Board Of Super

    Total calculated
    $0
    Hours/week
    0.5

  • Will Thomson From 052824

    Two Rivers bank

    Total calculated
    $0
    Hours/week
    0.5

  • Stephanie Murphy

    Executive Director

    Total calculated
    $213,485
    From this org
    $184,097
    From related orgs
    $0
    Other
    $29,388
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,097
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $29,388
    Filer's total
    $213,485

  • Mark Alberico

    VP Finance & Admin/Treasurer

    Total calculated
    $175,439
    From this org
    $142,811
    From related orgs
    $0
    Other
    $32,628
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,811
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $32,628
    Filer's total
    $175,439

  • Terry Gearhart

    Vice President Lending

    Total calculated
    $135,236
    From this org
    $108,600
    From related orgs
    $0
    Other
    $26,636
    Hours/week
    40

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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $11,435,858
    Expenses
    $7,188,936
    Contributions
    $8,257,875
    Grants paid
    $2,535,663
  • 2023
    Revenue
    $11,560,978
    Expenses
    $7,208,888
    Contributions
    $8,060,077
    Grants paid
    $3,012,247
  • 2022
    Revenue
    $6,795,518
    Expenses
    $6,636,986
    Contributions
    $4,690,234
    Grants paid
    $3,001,348

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 10 September 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.