Neighborhood Development Alliance Inc
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- It owes more than it owns.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
NEDA IS A NONPROFIT COMMUNITY DEVELOPMENT CORPORATION WHOSE MISSION IS TO STRENGTHEN THE VITALITY OF LOW-INCOME NEIGHBORHOODS WITHIN THE CITY OF ST. PAUL, BY CREATING AND PRESERVING HOUSING AND BUSINESS OPPORTUNITIES FOR RESIDENTS OF ALL INCOME LEVELS. NEDA HAS EXPANDED THAT MISSION TO SERVE THE 7-COUNTY METRO AREA - WITH A FOCUS IN MINNEAPOLIS AND ST. PAUL - IN REGARDS TO ITS HOMEOWNERSHIP COUNSELING AND FINANCIAL LITERACY PROGRAMS.
- Income
- $1.8 million
- Spending
- $2.9 million
- Spent on programs
- 91%
- Reserves
- -66.4 months of spending
- Largest source of income
- fees for its services, 49%
- Employees
- 9
- Volunteers
- 36
- Highest pay
- $71,695, executive director
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 15 out of 100. Higher than 0% of charities in its peer group (community improvement, $1m to $10m).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
0 of 20It owes 103% of what it owns.
Living within its means
0 of 15Spending exceeded income by 61% of income.
Income trend
0 of 15Income fell 41% on the year before.
Spending floor
15 of 1591% of spending went to programs and raising each dollar of donations cost 3 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 68% of charities in its peer group (community improvement, $1m to $10m).
Independent board
25 of 255 of 5 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, 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 (2)
- $862,205 spent. HOUSING AND FINANCIAL EMPOWERMENT SERVICES:EMPOWERING FAMILIES. BUILDING FUTURES. STRENGTHENING COMMUNITIES.DURING FY24-25, NEIGHBORHOOD DEVELOPMENT ALLIANCE (NEDA) DELIVERED BILINGUAL (SPANISH/ENGLISH), CULTURALLY RELEVANT HOUSING AND FINANCIAL EMPOWERMENT SERVICES TO LOW- AND MODERATE-INCOME HOUSEHOLDS, PRIMARILY FAMILIES OF COLOR. AS A HUD-CERTIFIED HOUSING COUNSELING AGENCY ROOTED IN SAINT PAUL'S WEST SIDE, NEDA SUPPORTED FAMILIES IN NAVIGATING COMPLEX HOUSING AND FINANCIAL SYSTEMS WITH DIGNITY, CULTURAL RESPONSIVENESS, AND CONFIDENCE. THESE SERVICES ADVANCED HOUSING STABILITY, ASSET BUILDING, AND LONG-TERM ECONOMIC MOBILITY WHILE ADDRESSING SYSTEMIC BARRIERS TO HOMEOWNERSHIP.PROGRAM REACH AND SERVICE DELIVERYIN ALIGNMENT WITH NEDA'S MISSION TO CLOSE THE RACIAL HOMEOWNERSHIP GAP AND PROMOTE FINANCIAL EMPOWERMENT, THE ORGANIZATION RECORDED 874 CLIENT INTERACTIONS ACROSS INDIVIDUALIZED ADVISING AND GROUP EDUCATION DURING THE REPORTING PERIOD. SERVICES WERE TAILORED TO MEET THE NEEDS OF HISTORICALLY UNDERSERVED COMMUNITIES AND INCLUDED THE FOLLOWING: 1:1 HOMEBUYER ADVISING: 102 INDIVIDUALS RECEIVED PERSONALIZED GUIDANCE TO NAVIGATE THE HOMEBUYING PROCESS, BUILDING READINESS FOR SUSTAINABLE HOMEOWNERSHIP. HOMESTRETCH EDUCATION WORKSHOPS: 305 PARTICIPANTS COMPLETED GROUP EDUCATION COVERING FIRST-TIME HOMEBUYER REQUIREMENTS AND FINANCIAL PREPARATION. 1:1 FINANCIAL WELLNESS ADVISING: 102 CLIENTS ENGAGED IN INDIVIDUALIZED COACHING FOCUSED ON FINANCIAL STABILITY AND LONG-TERM WEALTH BUILDING. HOME MAINTENANCE ADVISING: 37 HOMEOWNERS RECEIVED EDUCATION ON PROPERTY MAINTENANCE TO PRESERVE HOUSING QUALITY AND ASSET VALUE. RENTAL TOPICS WORKSHOPS: 31 PARTICIPANTS ATTENDED WORKSHOPS ADDRESSING TENANT RIGHTS, RESPONSIBILITIES, AND PATHWAYS TO HOMEOWNERSHIP. FORECLOSURE ADVISING: 21 HOUSEHOLDS RECEIVED CRISIS INTERVENTION SERVICES TO PREVENT FORECLOSURE AND STABILIZE HOUSING. FINANCIAL MANAGEMENT AND BUDGET ADVISING: 58 CLIENTS STRENGTHENED BUDGETING AND MONEY MANAGEMENT SKILLS CRITICAL TO HOUSING STABILITY. FINANCIAL LITERACY EDUCATION: 64 PARTICIPANTS ATTENDED ADDITIONAL WORKSHOPS TO DEEPEN FINANCIAL KNOWLEDGE. REFINANCE ADVISING: 10 HOUSEHOLDS EXPLORED REFINANCING OPTIONS TO SECURE MORE AFFORDABLE MORTGAGE TERMS.FAIR HOUSING AND HOMEOWNERSHIP IMPACTNEDA PROVIDED COMPREHENSIVE HOMEOWNERSHIP COUNSELING AND SUPPORT TO 67 HOUSEHOLDS NAVIGATING RISING HOUSING COSTS, ELEVATED INTEREST RATES, AND LONGSTANDING STRUCTURAL BARRIERS TO HOMEOWNERSHIP. THROUGH CULTURALLY RESPONSIVE, HUD-CERTIFIED COACHING, THESE HOUSEHOLDS SUCCESSFULLY ACHIEVED FIRST-TIME HOMEOWNERSHIP.KEY OUTCOMES INCLUDE: 67 HOUSEHOLDS SUPPORTED INTO HOMEOWNERSHIP AVERAGE HOME PURCHASE PRICE: $269,000 AVERAGE CASH-TO-CLOSE: $20,340 PER HOUSEHOLD $18,053,289 IN TOTAL COMMUNITY INVESTMENT GENERATED THROUGH LOCAL HOME PURCHASESDESPITE AVERAGE INTEREST RATES OF APPROXIMATELY 6.764% DURING THE REPORTING PERIOD, PARTICIPATING HOUSEHOLDS SUCCESSFULLY COMPLETED HOME PURCHASES WITH NEDA'S GUIDANCE, CONTRIBUTING TO LONG-TERM HOUSING STABILITY AND ASSET BUILDING WITHIN THE COMMUNITY.ADDITIONAL FINANCIAL EMPOWERMENT AND ASSET-BUILDING OUTCOMES 7,528 HOURS OF TECHNICAL ASSISTANCE PROVIDED ACROSS HOUSING, FINANCIAL, AND SMALL BUSINESS SERVICES 200+ PERMANENT AFFORDABLE RENTAL HOMES CREATED OR PRESERVED IN MINNESOTA, INCLUDING INCREASING OCCUPANCY AT THE RECENTLY INAUGURATED STRYKER SENIOR HOUSING FROM 40% TO 96% FAMILY ASSETS FOR INDEPENDENCE IN MINNESOTA (FAIM): SUPPORTED 10 PARTICIPANTS, WITH FOUR ACHIEVING ASSET GOALS DURING THE FISCAL YEAR, RESULTING IN $48,000 IN MATCHED SAVINGS, INCLUDING 2 VEHICLE PURCHASES, 4 HOME PURCHASES, 3 SMALL BUSINESS LAUNCHES, AND 1 INVESTMENT IN HIGHER EDUCATION CREDIT BUILDER LOANS: 57 LOANS ORIGINATED TOTALING $9,600, SUPPORTING CREDIT ACCESS AND REPAIR HOME IMPROVEMENT AND DOWN PAYMENT ASSISTANCE: NEDA AWARDED TWO HOME IMPROVEMENT LOANS TOTALING $40,860, SIX REVOLVING FORGIVABLE LOANS, ONE MHFA LOAN TOTALING $13,000, AND $65,000 IN FORGIVABLE DOWN PAYMENT ASSISTANCE LOANS TO HOUSEHOLDS FOR CRITICAL IMPROVEMENTS.THESE TARGETED INVESTMENTS PRESERVED AFFORDABILITY, STRENGTHENED NEIGHBORHOOD STABILITY, ENHANCED COMMERCIAL CORRIDORS, AND SUPPORTED PROPERTY OWNERS AND SMALL BUSINESS OWNERSMANY OF WHOM ARE PEOPLE OF COLORCONTRIBUTING TO A MORE RESILIENT AND INCLUSIVE LOCAL ECONOMY.COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) IMPACTSINCE BECOMING A CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) IN 2018, NEDA CENTRO HAS EXPANDED ACCESS TO CAPITAL FOR UNDERSERVED COMMUNITIES. IN 2024, NEDA SECURED AN ADDITIONAL $300,000 FROM THE U.S. DEPARTMENT OF THE TREASURY, ENABLING A 140% INCREASE IN TECHNICAL ASSISTANCE GRANTS AWARDED. NEDA SERVES RENTERS, HOMEOWNERS, AND SMALL BUSINESS OWNERS OF COLOR AT RATES EXCEEDING PRIVATE MARKET REACH, ADVANCING EQUITABLE LENDING, FINANCIAL INCLUSION, AND PROTECTIONS AGAINST PREDATORY PRACTICES.ASSESSING COMMUNITY NEEDSNEDA SERVES COMMUNITIES EXPERIENCING PERSISTENT RACIAL AND ECONOMIC INEQUITIES. OF THE HOUSEHOLDS RECEIVING RENTAL OR HOMEOWNERSHIP SERVICES, 92% IDENTIFY AS HOUSEHOLDS OF COLOR, AND 19% ARE SEVERELY HOUSING COST-BURDENED, SPENDING 30% OR MORE OF HOUSEHOLD INCOME ON HOUSING. MANY PARTICIPANTS ARE FIRST-GENERATION HOMEBUYERS, CREDIT-INVISIBLE, OR LACK ACCESS TO FINANCIAL EDUCATION, UNDERSCORING THE NEED FOR TAILORED, CULTURALLY RESPONSIVE SERVICES THAT PROMOTE LONG-TERM FINANCIAL STABILITY AND GENERATIONAL WEALTH CREATION.PUBLIC POLICY ENGAGEMENT ON HOUSING JUSTICENEDA COLLABORATES WITH MEMBERS AND COALITION PARTNERS TO ADVANCE EQUITABLE HOUSING AND FINANCIAL POLICIES AT THE LOCAL, STATE, AND NATIONAL LEVELS. DURING THE REPORTING PERIOD, NEDA PARTNERED WITH LOCAL COALITIONS TO SUPPORT INCLUSIVE HOUSING PRESERVATION AND DEVELOPMENT POLICIES THAT INCREASE THE SUPPLY OF AFFORDABLE, ENTRY-LEVEL HOMES FOR LOW- AND MODERATE-INCOME HOUSEHOLDS.COMMUNITY ENGAGEMENT AND OUTREACHIN FY24-25, NEDA ENGAGED MORE THAN 700 INDIVIDUALS THROUGH IN-PERSON AND VIRTUAL OUTREACH, DEDICAT
- $1.8 million spent. REAL ESTATE DEVELOPMENT AND HOUSING PRESERVATIONCREATING STABILITY. PRESERVING AFFORDABILITY. INVESTING IN COMMUNITY.NEDA ADVANCES EQUITABLE DEVELOPMENT BY CONSTRUCTING, REHABILITATING, AND MANAGING AFFORDABLE HOUSING FOR FAMILIES AND SENIORS. SINCE 1990, NEDA HAS DEVELOPED OR PRESERVED 200+ AFFORDABLE HOMES, LEVERAGING $55 MILLION IN PUBLIC FUNDING.CURRENT PORTFOLIO HIGHLIGHTS:* VILLA DEL SOL (40 UNITS): DEEPLY AFFORDABLE FAMILY HOUSING IN A CULTURAL CORRIDOR.* BLUFF HOMES (73 UNITS): SCATTERED-SITE TOWNHOMES FOR WOKRING FAMILIES. * STRYKER SENIOR HOUSING (57 UNITS): AFFORDABLE SENIOR HOUSING WITH 75% OF UNITS BELOW 30% AMI.* THE TERRACES (35 UNITS): TWO DEVELOPMENTS PROVIDING PERMANENT HOUSING FOR FAMILIES UNDER 50% AMI.* WABASHA CENTER: NEDA'S HEADQUARTERS AND A CULTURALLY ROOTED EARLY LEARNING CENTER SERVING 75+ SOMALI FAMILIES.STRYKER SENIOR HOUSING ACHIEVED 90% OCCUPANCY DURING THE SUMMER OF 2025 WHICH WAS CELEBRATED WITH A RE-OPENING CEREMONY.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
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.
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.
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.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since March 1994.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
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.
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