2024-01-17T10:16:32-06:00 2023-06-30 411647057 MAHONEY ULBRICH CHRISTIANSEN & RUSS PA 10 RIVER PARK PLAZA SUITE 800 SAINT PAUL MN 55107 990 2022-07-01 411658636 NEIGHBORHOOD DEVELOPMENT ALLIANCE INC NEIG 6512920131 481 SOUTH WABASHA SAINT PAUL MN 55107 KAREN REID EXECUTIVE DIRECTOR 6512920131 2023-12-21 1 KAREN REID 999009999 0 MARC A KOTSONAS P00544551 6512276695 2023-12-21 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KAREN REID 481 SOUTH WABASHA SAINT PAUL MN 55107 1853808 0 X WWW.NEDAHOME.ORG X 1989 MN 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. 5 5 10 7 0 0 635993 988907 597975 828211 5134 36690 2146 0 1241248 1853808 0 0 0 0 687832 666260 0 2480 15751 867638 984788 1555470 1653528 -314222 200280 5454514 11692021 5453602 11490829 912 201192 X 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. 0 0 809930 48832 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 COACHING AND WORKSHOPS. THROUGH NEDA CENTRO DE FINANZAS, NEDA ORIGINATES CREDIT BUILDER LOANS AND HOME REHAB LOANS. COMMUNITY DEVELOPMENT: NEDA PROVIDES COMMERCIAL BUILDING REHAB LOANS ON ST. PAUL'S WEST SIDE. REAL ESTATE DEVELOPMENT: BUILDS NEW AND REHABS MULTI-FAMILY AND SINGLE FAMILY HOUSING FOR LOW-INCOME RENTERS AND LOW-INCOME HOMEOWNERS. THROUGH NEDA CENTRO DE FINANZAS, LLC, NEDA ORIGINATES HOME REHAB LOANS AND ADVISES ON SUBSEQUENT REHAB CONSTRUCTION FOR ENERGY EFFICIENT UPGRADES AND CODE COMPLIANCE. NEDA CENTRO DE FINANZAS, LLC IS A WHOLLY OWNED SUBSIDIARY OF NEDA AND A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION. 685479 779379 REAL ESTATE OPERATIONS: THE REAL ESTATE OPERATIONS REPRESENT THOSE ACTIVITIES OF WABASHA CENTER, STRYKER SENIOR HOUSING LLC, AND THE TERRACES, LLC. WABASHA CENTER HOUSES NEDA'S OFFICES AND A CHILD CARE CENTER. THE TERRACES, LLC OWNS MCLEAN (24 UNITS) AND WABASHA TERRACE (11 UNITS) APARTMENTS LOCATED IN ST. PAUL, MINNESOTA. STRYKER SENIOR HOUSING STRYKER SENIOR HOUSING LLC IS AN 55+ AFFORDABLE SENIOR HOUSING COMPLEX CONSISTING OF 57 UNITS OF WHICH 75% ARE FOR THOSE EARNING 30% OF AMI AND AN ADDITIONAL 14 UNITS FOR THOSE WITH INCOMES BELOW 60% AMI. STRYKER SENIOR HOUSING BEGAN LEASING IN DECEMBER 2023. 1495409 1 1 0 1 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 12 0 10 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 1 1 MN X KAREN REID 6512920131 481 SOUTH WABASHA ST PAUL MN 551071142 JOANNETTE CINTRON PRESIDENT 1.00 X X 0 0 0 HEIDI WELCH VICE PRESIDENT 1.00 X X 0 0 0 HOKAN MILLER TREASURER 1.00 X X 0 0 0 SARA UDVIG BOARD MEMBER 1.00 X 0 0 0 ROGER HAMILTON BOARD MEMBER 1.00 X 0 0 0 KAREN A REID EXECUTIVE DIRECTOR 40.00 X 72600 0 9326 72600 0 9326 0 0 0 0 0 377573 611334 988907 RESIDENTIAL RENTS 531110 438063 438063 MANAGEMENT FEES 531310 229453 229453 COMMERCIAL RENTS 531120 65342 65342 HOUSING DEVELOPEMENT 531110 48832 48832 OTHER 900099 46554 46554 -33 -33 828211 36690 36690 1853808 828211 0 36690 89821 67366 17964 4491 422185 385758 32359 4068 10283 9272 856 155 107424 96475 9525 1424 36547 32436 3523 588 9072 9072 10044 10044 2480 2480 72254 32782 39472 5836 5836 10968 9734 1057 177 33215 29912 2830 473 60951 54094 5876 981 1020 1020 1152 1152 42326 41367 822 137 170729 168266 2111 352 71997 69027 2545 425 TERRACES BLDG OPERATION 406985 406985 RE PROJECT COSTS 73232 73232 MISCELLANEOUS 15007 10695 4312 1653528 1495409 142368 15751 103611 266189 1378343 1460037 134673 278398 30267 35719 268301 207618 38337 43291 11278312 2737369 2725874 8540943 361187 361127 413921 498699 5454514 11692021 58565 137002 104378 23614 5022651 11046958 200000 212815 68008 70440 5453602 11490829 X -363588 -343808 364500 545000 912 201192 5454514 11692021 200280 0 X X 0 1 X 1 0 X 640055 488017 1162509 635993 988907 3915481 640055 488017 1162509 635993 988907 3915481 623964 3291517 26041 19013 6712 5134 36690 93590 1749 2146 3895 4012966 3245753 0.82020 0.86610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 0 0 1 4000 4000 0 PART II-B, LINE 1: IN FY23, NEDA PROVIDED $4,000 TO THE HOMEOWNERSHIP MINNESOTA (HOM) COALITION TO USE TOWARDS PAYING LOBBYIST AND OTHER EXPENSES. 0 0 461000 461000 4753100 2458797 2294303 129333 129333 0 5934879 149239 5785640 8540943 FISCAL AGENCY PAYABLE 47257 SECURITY DEPOSITS 23183 70440 X PART X, LINE 2: NEDA IS CLASSIFIED AS A TAX-EXEMPT ORGANIZATION UNDER MINNESOTA STATUTE 290.05 AND SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM PRIVATE FOUNDATION STATUS UNDER SECTION 509(A)(1) OF THE INTERNAL REVENUE CODE, EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM BUSINESSES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. MANAGEMENT BELIEVES NEDA DID NOT HAVE ANY UNCERTAIN INCOME TAX POSITIONS OR UNRELATED BUSINESS INCOME. THE TERRACES, LLC, NEDA CENTRO DE FINANZAS, AND STRYKER SENIOR HOUSING, LLC ARE WHOLLY OWNED LLC'S AND ARE THEREFORE DISREGARDED FOR TAX PURPOSES AND INCLUDED IN THE RETURN OF NEDA. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD REVIEWS THE 990 BEFORE FILING. IF THE 990 IS NOT COMPLETED AT THE TIME THE BOARD REVIEWS THE AUDIT, THE EXECUTIVE DIRECTOR REVIEWS THE 990 BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C NEDA HAS SPECIFIC PROGRAMS AND POLICIES IN PLACE THAT REQUIRE DISCLOSURE OF CONFLICT OF INTEREST AND THE ORGANIZATION PRECLUDES SELLING PROPERTY TO RELATED INDIVIDUALS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS DOES A REVIEW WHICH INCLUDES INTERVIEWS WITH STAFF, PUBLIC AND PRIVATE PARTNERS ON THE PERFORMANCE AND KNOWLEDGE OF THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THE TERRACES LLC 481 SOUTH WABASHA SAINT PAUL MN 55107 411658636 REAL ESTATE MN 460047 2992424 NEDA NEDA HOME LLC 481 SOUTH WABASHA SAINT PAUL MN 55107 474024340 COMMUNITY DEVELOPMENT MN NEDA NEDA CENTRO DE FINANZAS LLC 481 SOUTH WABASHA SAINT PAUL MN 55107 811418655 COMMUNITY DEVELOPMENT MN 11649 419695 NEDA STRYKER SENIOR HOUSING LLC 481 SOUTH WABASHA SAINT PAUL MN 55107 852532557 REAL ESTATE MN 33400 5937796 NEDA BLUFF HOMES LLC 7610 LYNDALE AVENUE S STE 200 RICHFIELD MN 55423 411883291 REAL ESTATE MN COLLEEN M CAREY REAL ESTATE 1559 193157 0 0 0.50000 BLUFF HOMES LIMITED PARTERNSHIP 7610 LYNDALE AVENUE S STE 200 RICHFIELD MN 55423 411883293 REAL ESTATE MN REAL ESTATE 40013 4131401 0 0 0.95000 72 CESAR CHAVEZ LLLP 481 WABASHA STREET SOUTH SAINT PAUL MN 55107 810733438 REAL ESTATE MN N/A 0 0 NEDA 72 CESAR CHAVEZ LLC 481 SOUTH WABASHA STREET SAINT PAUL MN 55107 813635700 COMMUNITY DEVELOPMENT MN NEDA C 1.00000 0 0 0 0 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 72 CESAR CHAVEZ LLLP D 1579049 BALANCE OWING