Overview

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Est.

1988

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION is dedicated to creating quality affordable housing for disadvantaged communities, stimulating economic development, and constructing public buildings to alleviate government burdens and promote social welfare. With an operating budget of $108.1 million and total revenue of $113.2 million for the filing year 2024, the organization is significantly supported by funders like THE COMMUNITY FOUNDATION OF UTAH, which contributed $6.7 million. The organization focuses on public housing and housing development initiatives aimed at low-income areas.

Mission Statement

NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION'S MISSION IS TO CREATE (CONT. ON SCHEDULE O) QUALITY AFFORDABLE HOUSING FOR THE DISADVANTAGED, TO STIMULATE ECONOMIC DEVELOPMENT AND CREATE JOBS IN LOW INCOME AREAS AND TO ERECT PUBLIC BUILDINGS TO LESSEN THE BURDENS OF GOVERNMENT AND PROMOTE SOCIAL WELFARE.
Revenues
$113.2M
Expenses
$110.9M
Net Income:
+$2.3M
Assets
$818.6M
Liabilities
$707.2M
Net Assets:
+$111.4M
Operating Budget
$108.1M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$10K
Largest grant received
$10K
J
Jennie Vertrees
Board Member
D
Daniel Choi
Board Member
C
Charley Depew
Board Member

Frequently Asked Questions

What is NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION - GROUP RETURN’s budget?
In 2024, NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION - GROUP RETURN reported an annual operating budget of around $108.1 million. More detailed financial information is available to registered users.
What causes does NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION - GROUP RETURN support?
NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION - GROUP RETURN supports work in Public housing and Housing development.
Where does NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION - GROUP RETURN operate?
NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION - GROUP RETURN is headquartered in Brooklyn, NY.
Who funded NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION - GROUP RETURN recently?
In 2013, NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION - GROUP RETURN received grants from THE COMMUNITY FOUNDATION OF UTAH. More information on this organization’s funders is available to registered users.
What is the largest grant NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION - GROUP RETURN received in 2013?
The largest grant to NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION - GROUP RETURN in 2013 exceeds $10 thousand.
What is NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION - GROUP RETURN’s reliance on government grants?
NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION - GROUP RETURN relied on government grants for more than 20% of their total revenue in 2024.