Neighborhood Development Alliance Inc.
Neighborhood Development Alliance Inc.
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About this organization
Mission
NEDA is a nonprofit community development corporation whose mission is to build affordable housing and empower communities to create sustainability through financial education and guidance.
About
The housing services provided by NEDA are described below: Home ownership advising services: NEDA is a bi-lingual (Spanish/English) HUD-certified counseling agency providing bi-lingual pre-purchase, post-purchase, and foreclosure prevention counseling. NEDA offers bi-lingual credit counseling and financial literacy workshops. Stewardship: Provides and supports community organizing activities, such as redevelopment planning. Real estate development: Builds new and rehabs multi-family and single family housing for low-income renters and low-income homeowners. Originates home rehab loans and advises on subsequent rehab construction for energy efficient upgrades and code compliance. NEDA originates loans to businesses for code and faade improvements within district del sol.
Interesting data from their 2020 990 filing
The purpose of the non-profit is stated in the filing as “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.”.
Their activities were defined as: “Neda is a nonprofit community development corporation whose mission is to build affordable housing and empower communities to create sustainablity through financial education and guidance.”.
- As per legal requirements, the non-profit's state of operation is reported as MN.
- The non-profit's address in 2020 as per the filing is 481 SOUTH WABASHA, SAINT PAUL, MN, 55107.
- The form of the non-profit organization shows 11 employees as of 2020.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$63,411.
- The organization has 10 independent voting members.
- The organization was formed in 1989.
- The organization pays $612,439 in salary, compensation, and benefits to its employees.
- The organization pays $15,891 in fundraising expenses.
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