Skip to the page content
Your donations
Passes our checks

The Neighborhood Developers Inc

EIN 04-2660283 · Chelsea, MA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair50 out of 100GovernanceStrong95 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE MISSION OF THE NEIGHBORHOOD DEVELOPERS, INC (TND) IS TO CREATE STRONG NEIGHBORHOODS ENABLING COMMUNITY MEMBERS TO SECURE A STABLE HOME, ACHIEVE ECONOMIC MOBILITY, AND DETERMINE THEIR OWN FUTURE. TND EMPLOYS FOUR INVESTMENT STRATEGIES TO BUILD STRONG AND JUST NEIGHBORHOODS: REAL ESTATE DEVELOPMENT TO EXPAND AFFORDABLE HOUSING INVENTORY AND BUILD EQUITABLE NEIGHBORHOODS; COMMUNITY BUILDING TO FOSTER LEADERSHIP DEVELOPMENT IN ORGANIZING FOR SELF ADVOCACY; FINANCIAL CAPABILITIES AND WORKFORCE DEVELOPMENT TO INCREASE FAMILY PROSPERITY, DELIVERED IN COLLABORATION WITH OUR CONNECT PARTNERS; AND RESIDENT SERVICES, SO THAT THE RESIDENTS OF TND PROPERTIES SUCCEED AT HOME, SCHOOL, WORK AND IN THE COMMUNITY

Income
$11.5 million
Spending
$8.9 million
Spent on programs
72%
Reserves
-2.8 months of spending
Largest source of income
donations and private grants, 50%
Employees
31
Volunteers
112
Highest pay
$299,465, executive director

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 50 out of 100. Higher than 43% of charities in its peer group (housing, $10m to $100m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    5 of 20

    It owes 67% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 22% of income.

  • Income trend

    15 of 15

    Income rose 39% on the year before.

  • Spending floor

    15 of 15

    72% of spending went to programs and raising each dollar of donations cost 12 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 95 out of 100. Higher than 34% of charities in its peer group (housing, $10m to $100m).

  • Independent board

    25 of 25

    10 of 10 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (6)
  1. $3.0 million spent. RENTAL PROPERTIES - THE RENTAL PROPERTIES THROUGH 2021, TND OWNED AND MANAGED 611 RESIDENTIAL APARTMENTS THAT PROVIDE AN AFFORDABLE HOME FOR LOW-AND-MODERATE-INCOME INDIVIDUALS AND FAMILIES. A THIRD PARTY VENDOR, WINN RESIDENTIAL, PROVIDES PROPERTY MANAGEMENT SERVICES ON OUR BEHALF AND WORKS CLOSELY WITH TND'S RESIDENT SERVICES AND ASSET MANAGEMENT TEAMS TO ENSURE THAT OUR PROPERTIES PROVIDE RESIDENTS WITH A HIGH-QUALITY AFFORDABLE HOME. TND'S PROPERTIES ALSO INCLUDE EIGHT COMMERCIAL SPACES, PROVIDING AFFORDABLE RENTS FOR CHELSEA BUSINESSES.
  2. $1.1 million spent. CONNECT - THE CONNECT PROGRAM HELPS ADDRESS DISPLACEMENT AMONG LOW-INCOME INDIVIDUALS AND FAMILIES BY STABILIZING THEIR FINANCIAL OUTLOOK AND PROVIDING TOOLS TO HELP THESE HOUSEHOLDS MANAGE, AND GROW THEIR INCOME THROUGH FINANCIAL CAPABILITY, WORKFORCE DEVELOPMENT, AND HOUSING AND INCOME STABILIZATION PROGRAMMING. SERVICES TO THE COMMUNITY START WITH A RESOURCE HOTLINE, AND INCLUDE RESOURCES FOR RENTAL AND UTILITIES ASSISTANCE, FINANCIAL COACHING, MASSHEALTH, SNAP, WORKFORCE DEVELOPMENT AND TAX PREPARATION.
  3. $1.2 million spent. REAL STATE DEVELOPMENT- THE REAL ESTATE DEVELOPMENT PROGRAM REDUCES AND PRESERVES AFFORDABLE AND MIXED INCOME MULTI-FAMILY RENTAL PROPERTIES AND HOMES FOR SALE. THE HOMES THAT TND PRODUCES PRIMARILY BENEFIT LOW-INCOME HOUSEHOLDS EARNING 60% OR LESS OF THE AREA MEDIAN INCOME. TND HAS A GOAL TO BUILD OR PRESERVE 325 HOMES BETWEEN 2020-2024. THROUGH 2024, TND HAS PRODUCED 300 HOMES AND HAS 375 MORE HOMES IN DEVELOPMENT.
  4. $531,952 spent. COMMUNITY BUILDING - TND WORKS IN COALITIONS AND THROUGH PARTNERSHIPS TO CATALYZE POSITIVE COMMUNITY CHANGE THAT EMPOWERS RESIDENTS TO TRANSFORM AND BUILD BETTER NEIGHBORHOODS. THE COMMUNITY BUILDING TEAM HOSTS SOCIAL GATHERINGS TO BUILD RELATIONSHIPS AND COLLECTIVE POWER, ORGANIZES CROSS-CITY TRAININGS TO EDUCATE COMMUNITY MEMBERS ABOUT ISSUES, AND CONNECTS RESIDENTS TO ADVOCACY OPPORTUNITIES.
  5. $363,423 spent. RESIDENT SERVICES - THE RESIDENT SERVICES PROGRAM IS DEDICATED TO ENSURING HOUSING STABILITY, HEALTH AND WELLNESS OF THE 1,110 LOW-INCOME RESIDENTS OF TND'S MULTI-FAMILY PROPERTIES. RESIDENT SERVICES INCLUDED MEAL AND GROCERY DELIVERIES, WELLNESS CALLS, HOUSING STABILITY COUNSELING, FINANCIAL CAPABILITY TRAINING, COMMUNITY BUILDING PROGRAMMING, AND ELDER AND FAMILY SUPPORT SERVICES.
  6. $329,694 spent. ASSET MANAGEMENT - FOR TND'S RESIDENTIAL AND COMMERCIAL PROPERTY PORTFOLIO, THE ASSET MANAGEMENT PROGRAM PROVIDES PROPERTY PORTFOLIO MANAGEMENT: MAINTENANCE, REPAIR AND IMPROVEMENTS OF BUILDINGS; FINANCIAL MANAGEMENT OF OPERATING PROPERTIES; AND COMPLIANCE WITH ALL REGULATORY AND INVESTOR REQUIREMENTS.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since February 1979.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.