Mission
THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE LOW AND MODERATE COST HOUSING AND TO DEMONSTRATE IN SUCH HOUSING AND CONSTRUCTION AND REHABILITATION INNOVATIVE TECHNIQUES MATERIALS AND BUILDING LAYOUT.
Public Charity
NEIGHBORHOOD DEVELOPMENT CORPORATION
Based in Akron, OH, NEIGHBORHOOD DEVELOPMENT CORPORATION operates as a Public Charity. The organization reported $6.8M in revenue, $8.1M in expenses, $36.5M in total assets for fiscal year 2024. Imperigo tracks 10 reported grant relationships connected to this organization totaling approximately $341K.
EIN: 341080125
Akron, OH
Housing Development, Construction & Management
NTEE: L20
Latest filing: 2024
Total Revenue$6.8M
Total Expenses$8.1M
Total Assets$36.5M
Grant Records10
Funding Total$341K
Filing Years2020–2024
Where $100 goes at Neighborhood Development Corporation
How Neighborhood Development Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
$88
Programs
the work itself
$12
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $88 for programs
$44
Housing assistance programs provides housing assistance payments to eligible low-income individuals and families, making it possible for them to access safe and affordable housing
$44
Nutrition program provides meals to qualified tenants at no cost to support their well-being and enhance their quality of life
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
CONGREGATE MEALS
$101,853
TO SUPPORT ALPHA PHI ALPHA'S SUMMER CONCERT SERIES IN THE OHIO AND ERIE CANAL PARK NEIGHBORHOOD
$20,000
ALPHA PHI ALPHA HOMES
$15,000
AKRON CIVIC COMMONS
$15,000
AKRON CIVIC COMMONS
$15,000
Showing up to 5 of 10 total records — full history available with membership.
Officers & Directors
EXECUTIVE DIRECTOR
Albert Bragg Jr
BOARD MEMBER
Carlton Barnett
BOARD MEMBER
David Brown
CHAIRMAN OF BUSINESS & FINANCE
Horace Highland
TREASURER
Paul Stallings
CHAIRMAN
Samuel Dezhazior
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $6.8M | $8.1M | $36.5M |
| 2023 | $4.5M | $4.5M | $20.6M |
| 2022 | $3.7M | $4.0M | $16.0M |
| 2021 | $6.6M | $3.9M | $16.2M |
| 2020 | $3.1M | $3.8M | $14.2M |
Between 2020 and 2024, reported annual revenue grew from $3.1M to $6.8M (+122%), with total assets most recently reported at $36.5M.
Interactive year-over-year charts and full filing details available with membership.