Massachusetts · Nonprofit
THE NEIGHBORHOOD DEVELOPERS INC
THE NEIGHBORHOOD DEVELOPERS INC (Massachusetts) receives grants from 46 organizations whose IRS filings report $16,158,421 to it, the largest being NEIGHBORHOOD REINVESTMENT CORPORATION ($4,089,763). 28 of them have funded it in more than one year.
- Revenue FY2024
- $12M
- Funders on record
- 46
- Grants received
- $16M
- Net assets
- $14M
What The Neighborhood Developers Inc does
Mission
The mission of the neighborhood developers, inc (tnd) is to create strong neighborhoods enabling community members to secure a stable home, achieve economic mobility, and determine their own future. Tnd employs four investment strategies to build strong and just neighborhoods: real estate development to expand affordable housing inventory and build equitable neighborhoods; community building to foster leadership development in organizing for self advocacy; financial capabilities and workforce development to increase family prosperity, delivered in collaboration with our connect partners; and resident services, so that the residents of tnd properties succeed at home, school, work and in the community
As stated on its FY2024 Form 990.
Programs
Rental properties - the rental properties through 2021, tnd owned and managed 611 residential apartments that provide an affordable home for low-and-moderate-income individuals and families. A third party vendor, winn residential, provides property management services on our behalf and works closely with tnd's resident services and asset management teams to ensure that our properties provide residents with a high-quality affordable home. Tnd's properties also include eight commercial spaces, providing affordable rents for chelsea businesses.
$2,993,178 spentof which $25,000 as grants$3,417,516 earned by the program46% of program spendingConnect - the connect program helps address displacement among low-income individuals and families by stabilizing their financial outlook and providing tools to help these households manage, and grow their income through financial capability, workforce development, and housing and income stabilization programming. Services to the community start with a resource hotline, and include resources for rental and utilities assistance, financial coaching, masshealth, snap, workforce development and tax preparation.
$1,072,559 spentof which $556,229 as grants17% of program spendingReal state development- the real estate development program reduces and preserves affordable and mixed income multi-family rental properties and homes for sale. The homes that tnd produces primarily benefit low-income households earning 60% or less of the area median income. Tnd has a goal to build or preserve 325 homes between 2020-2024. Through 2024, tnd has produced 300 homes and has 375 more homes in development.
$1,164,145 spent$1,518,528 earned by the program18% of program spendingCommunity building - tnd works in coalitions and through partnerships to catalyze positive community change that empowers residents to transform and build better neighborhoods. The community building team hosts social gatherings to build relationships and collective power, organizes cross-city trainings to educate community members about issues, and connects residents to advocacy opportunities.
$531,952 spentof which $223,997 as grants8% of program spendingResident services - the resident services program is dedicated to ensuring housing stability, health and wellness of the 1,110 low-income residents of tnd's multi-family properties. Resident services included meal and grocery deliveries, wellness calls, housing stability counseling, financial capability training, community building programming, and elder and family support services.
$363,423 spentof which $25,275 as grants6% of program spendingAsset management - for tnd's residential and commercial property portfolio, the asset management program provides property portfolio management: maintenance, repair and improvements of buildings; financial management of operating properties; and compliance with all regulatory and investor requirements.
$329,694 spent5% of program spending
The 6 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $6,454,951.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $68M to $37M (−46%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 27% · 2018 20% · 2019 12% · 2020 7% · 2021 20% · 2022 16% · 2023 6%. Grants only. Government contracts and fees sit inside program revenue.
50% of THE NEIGHBORHOOD DEVELOPERS INC’s revenue is contributions — more donation-reliant than the typical peer (13% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Rafael Mares
Executive director
As listed on its FY2024 Form 990.
The chief executive listed changed between the FY2017 and FY2018 filings.
Who funds it, year by year
2017 → 2023: the base broadened from 10 funders to 22 funders, grant income rose $911k → $2.0M.
10 of 46 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 11% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of THE NEIGHBORHOOD DEVELOPERS INC’s funders (the co-funder graph). Top 30 of 46 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
THE NEIGHBORHOOD DEVELOPERS INC has a broad base — no single funder exceeds 25% of grant income, and it takes 3 funders to reach half.
the vertical line marks half of all grant income — 3 funders to its left
83% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund THE NEIGHBORHOOD DEVELOPERS INC.
Largest funder’s share by year: 2017 43% · 2018 40% · 2019 32% · 2020 30% · 2021 39% · 2022 34% · 2023 27% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
54% of THE NEIGHBORHOOD DEVELOPERS INC's funders are still giving 3 years after their first grant; 61% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
63% of THE NEIGHBORHOOD DEVELOPERS INC's grant income comes from Massachusetts funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $1.7M arriving through sponsors registered in 7 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
THE NEIGHBORHOOD DEVELOPERS INC runs a healthier operating margin than three-quarters of the 818 housing & shelter nonprofits its size.
this organization peer median middle 50% of peers· 818 housing & shelter nonprofits $10M–$100M, FY2024
Government funding THE NEIGHBORHOOD DEVELOPERS INC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $1.8M on record.
- (PP) STATE AID/POL SUB$1.6M
- (MM) PURCHASED CLIENT/PROGRAM SVCS$234k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like THE NEIGHBORHOOD DEVELOPERS INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Massachusetts
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
72% of spending goes to programs.
Governance
Public support
99%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 43 related entities
- Chelsea Neighborhood Developers LLC · disregarded
- Revere Neighborhood Developers LLC · disregarded
- Walden House LLC · disregarded
- North Bellingham Veterans Home LLC · disregarded
- Chelsea Neighborhood Developers LLC · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for THE NEIGHBORHOOD DEVELOPERS INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds THE NEIGHBORHOOD DEVELOPERS INC?
- THE NEIGHBORHOOD DEVELOPERS INC (Massachusetts) receives grants from 46 organizations whose IRS filings report $16,158,421 to it, the largest being NEIGHBORHOOD REINVESTMENT CORPORATION ($4,089,763). 28 of them have funded it in more than one year.
- How many funders does THE NEIGHBORHOOD DEVELOPERS INC have?
- IRS filings report 46 organizations giving $16,158,421 in grants to THE NEIGHBORHOOD DEVELOPERS INC, 28 of which have funded it in more than one year.
- Who is the largest funder of THE NEIGHBORHOOD DEVELOPERS INC?
- NEIGHBORHOOD REINVESTMENT CORPORATION is the largest funder on record, with $4,089,763 in grants. The full list of funders is on this page.
- How can an organization like THE NEIGHBORHOOD DEVELOPERS INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Massachusetts. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 46 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing