Nonprofit screen
Screen a listNear North Development Corporation
Can you give?
Listed with the IRS. Every screen came back clear.
A 501(c)(3) on Publication 78 and the IRS master file.
- IRS nonprofit listing
- No issue
- Revocation
- None
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- No record
- Charity type
- 509(a)(1)
$605krevenue
FY2024 · −63% in 3 yrs4staff
8 of 8years filed
’17’18’19’20’21’22’23’24
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2024
Operating margin−56.9%
Months of reserve47.3mo
Revenue growth (annualized)+5.9%
Middle half of peersMedianNear North Development
Where the money goes FY2024 · $949k spent
Programs$736k78%Management and general$213k22%990 FY2024 · Part IX line 25
Worth checking2
Government grants fell 82% in FY2021
$540k in FY2020, $98k in FY2021.
990 Part VIIIDeficits in 3 of the last 3 years
−$362k in FY2022, −$160k in FY2023 and −$344k in FY2024. Cash covers 47.3 months, above the peer median of 7.6.
990 Part I and balance sheetIn its favor2
Strong governance
16 of 16 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements, board reviews the 990.
990 Part VIGrowing faster than peers
Revenue up 6% a year since FY2017, faster than half of similar nonprofits.
990 Part I · peer cohort4funders
$121ka year, last 3 years
84%from its largest funder
Funder’17’18’19’20’21’22’23Indianapolis Neighborhood Housing Partnership IncEvery year since FY2017$167k$128k$104k$140k$205k$26k$75kLocal Initiatives Support CorporationOn and off$22k$10k$48k
Funded