Public Charity

Neighborhood Finance Corporation

Neighborhood Finance Corporation is a nonprofit organization categorized as Public Charity based in Des Moines, IA. Its most recent IRS filing (2024) reports revenue of $11.4M, expenses of $7.2M, total assets of $114.2M. Imperigo tracks 16 reported grant relationships connected to this organization totaling approximately $4.6M.

EIN: 421353472 Des Moines, IA Senior Citizens Housing & Retirement Communities NTEE: L22 Latest filing: 2024
Total Revenue$11.4M
Total Expenses$7.2M
Total Assets$114.2M
Grant Records16
Funding Total$4.6M
Filing Years2019–2024

Mission

Neighborhood Finance Corporation provides unique lending programs and related services to facilitate neighborhood revitalization in Polk and Linn Counties through partnerships with residents, governments, community-based organizations, financial institutions and the business community.

Where $100 goes at Neighborhood Finance Corporation

How Neighborhood Finance Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$84 Programs the work itself
$16 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 $84 for programs

$40
Forgivable Loan
48% of program spending
$25
Loan Origination
30% of program spending · Reported in the filing: 216 loans; 215 loans; 61 loans
$15
The Home Buyer Education services are offered in Polk and Linn counties through service agreements with local nonprofit HUD approved housing counseling agencies
18% of program spending

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

Share on LinkedIn Share on Facebook
Add this to your website

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.

Officers & Directors

Neighborhood Representativ Almardi Abdalla
Neighborhood Representativ Brenner Myers From 102224
City Of Des Moines Chris Johansen
Bankers Trust Cole Mcclelland
Neighborhood Representativ Danielle Rodriquez Until 080124
Polk County Public Works Dave Williamson

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$3,469,011 11 grants
Mental Health & Substance Abuse
$531,336 3 grants
Unspecified
$580,280 2 grants

Financial Trends

Year Revenue Expenses Assets
2024 $11.4M $7.2M $114.2M
2023 $11.6M $7.2M $101.2M
2022 $6.8M $6.6M $94.7M
2020 $6.1M $6.0M $89.1M
2019 $10.7M $5.6M $90.6M

Between 2019 and 2024, reported annual revenue grew from $10.7M to $11.4M (+7%), with total assets most recently reported at $114.2M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for Neighborhood Finance Corporation

Complete financials, all 16 grant records, officer compensation, year-over-year trend charts, a geographic grant map, and data exports — across 880,000+ organizations.

Full Financial History Complete Grant Activity Officer Compensation Year-over-Year Charts Geographic Grant Map Data Exports
7-day free trial Cancel any time