NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION - GROUP RETURN

NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION - GROUP RETURN

Brooklyn, NY, US
501(c)3
EIN
91-1884698
Subordinate Organization

NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION - GROUP RETURN

Brooklyn, NY, US
501(c)3
EIN
91-1884698
Subordinate Organization

Overview

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Est.

1988

Fiscal Year Start

Jan 1

Organization Type

Grantseeker
AI Summary
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NDC Housing & Economic Development Corporation is a nonprofit organization dedicated to constructing new and supporting existing safe and adequate low-income housing for disadvantaged individuals, while also stimulating economic development in economically distressed areas across the United States. With an operating budget of $108.1 million and total revenue of $113.2 million for the filing year 2024, the organization does not rely on a single funder for 50% or more of its revenue. More information can be found on their website at www.growamerica.org.

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
D
Daniel Marsh Iii
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.
Overview
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