2025-07-15T17:08:55-05:00 2024-06-30 411647057 MAHONEY ULBRICH CHRISTIANSEN & RUSS PA 10 RIVER PARK PLAZA SUITE 800 SAINT PAUL MN 55107 990 2023-07-01 411658636 NEIGHBORHOOD DEVELOPMENT ALLIANCE INC NEIG 6512920131 481 SOUTH WABASHA SAINT PAUL MN 55107 MARIA STEFFEL EXECUTIVE DIRECTOR 6512920131 2025-07-10 1 1 MARC A KOTSONAS P00544551 6512276695 2025-07-10 2023 2025-03-06 01:10:19Z MARIA STEFFEL 481 SOUTH WABASHA SAINT PAUL MN 55107 3045536 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 8 10 0 0 988907 1292629 828211 1714123 36690 38784 0 0 1853808 3045536 0 0 0 0 666260 666367 2480 0 18531 984788 2080830 1653528 2747197 200280 298339 11692021 18239976 11490829 17740445 201192 499531 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 1365489 44486 HOUSING AND FINANCIAL EMPOWERMENT SERVICES:EMPOWERING FAMILIES. BUILDING FUTURES. STRENGTHENING COMMUNITIES.DURING THE AUDITED FISCAL YEAR, NEIGHBORHOOD DEVELOPMENT ALLIANCE (NEDA) DELIEVERED OVER 8,000 HOURS OF BILINGUAL (SPANISH/ENGLISH), HUD-CERTIFIED HOUSING AND FINANCIAL COUNSELING. THROUGH ONE-ON-ONE ADVISING, GROUP EDUCATION, AND TARGETED SUPPORT, NEDA ENGAGED 917 CLIENTS, PRIMARILY LOW-TO-MODERATE-INCOME HOUSEHOLDS AND HISTORICALLY UNDER RESOURCED FAMILIES, TO ADVANCE FINANCIAL STABILITY, SUSTAINABLE HOMEOWNERSHIP, AND WEALTH BUILDING.KEY SERVICE OUTCOMES:* HOMEBUYER ADVISING (184 HOUSEHOLDS): PERSONALIZED NAVIGATION OF THE HOMEBUYING PROCESS.* HOMEBUYER EDUCATION (349 PARTICIPANTS): GROUP WORKSHOPS ON MORTGAGE READINESS, LEGAL CONSIDERATIONS, AND BUDGETING.* HOME MAINTENANCE ADVISING (58 HOUSEHOLDS): POST PURCHASE EDUCATION TO PRESERVE HOME VALUE.* RENTAL EDUCATION (63 PARTICIPANTS): RIGHTS AND RESPONSIBILITES FOR RENTERS SEEKING STABILITY OR HOMEOWNERSHIP.* FORECLOSURE PREVENTION (32 HOUSEHOLDS): INTERVENTIONS TO PREVENT DISPLACEMENT AND STABILIZE HOUSING.* FINANCIAL COACHING (193 INDIVIDUALS): SUPPORT ON SAVINGS, BUDGETING, AND CREDIT REPAIR.* DEBT REPAYMENT ASSISTANCE (8 CLIENTS): $90,000 COLLECTIVELY REPAID THROUGH STRUCTURED PLANNING.THESE FIGURES INCLUDE BOTH DUPLICATED AND UNDUPLICATED CLIENTS, REFLECTING NEDA'S WRAPAROUND MODEL OF CARE.ADDITIONAL INITIATIVES:* FAMILY ASSETS FOR INDEPENDENCE IN MINNESOTA (FAIM): 15 PARTICIPANTS SUPPORTED, RESULTING IN NEARLY $60,000 IN MATCHED SAVINGS LEVERAGED FOR ASSET BUILDING, INCLUDING 5 VEHICLE PURCHASES AND 4 HOME PURCHASES.* CREDIT BUILDER LOANS: 68 LOANS TOTALING $13,800 DEPLOYED TO SUPPORT CREDIT ACCESS AND REPAIR.* HOME REPAIR & ENERGY LOANS: $110,000 IN FINANCING PROVIDED TO 7 HOUSEHOLDS FOR CRITICAL IMPROVEMENTS.* COMMERICAL REHABILITATION LOANS: $43,758 AWARDED ACROSS 3 SMALL BUSINESSES TO SUPPORT CORRIDOR REVITALIZATION.* ITIN DOWN PAYMENT ASSISTANCE: $180,000 IN FORGIVABLE FUNDS AWARDED TO 9 FAMILIES, EXPANDING ACCESS TO HOMEOWNERSHIP.CLIENT PROFILE:* 91% BIPOC HOUSEHOLDS* 18% SEVERELY COST BURDENED (30% + INCOME TOWARD HOUSING)* MANY ARE FIRST GENERATION HOMEBUYERS AND CREDIT INVISIBLE FAMILIES 1165890 1669637 REAL ESTATE DEVELOPMENT AND HOUSING PRESERVATIONCREATING STABILITY. PRESERVING AFFORDABILITY. INVESTING IN COMMUNITY.NEDA ADVANCES EQUITABLE DEVELOPMENT BY CONSTRUCTING, REHABILITATING, AND MANAGING AFFORDABLE HOUSING FOR FAMILIES AND SENIORS. SINCE 1990, NEDA HAS DEVELOPED OR PRESERVED 200+ AFFORDABLE HOMES, LEVERAGING $55 MILLION IN PUBLIC FUNDING.CURRENT PORTFOLIO HIGHLIGHTS:* VILLA DEL SOL (40 UNITS): DEEPLY AFFORDABLE FAMILY HOUSING IN A CULTURAL CORRIDOR.* BLUFF HOMES (73 UNITS): SCATTERED-SITE TOWNHOMES FOR WOKRING FAMILIES. * STRYKER SENIOR HOUSING (57 UNITS): AFFORDABLE SENIOR HOUSING WITH 75% OF UNITS BELOW 30% AMI.* THE TERRACES (35 UNITS): TWO DEVELOPMENTS PROVIDING PERMANENT HOUSING FOR FAMILIES UNDER 50% AMI.* WABASHA CENTER: NEDA'S HEADQUARTERS AND A CULTURALLY ROOTED EARLY LEARNING CENTER SERVING 75+ SOMALI FAMILIES.CDFI LENDING FOR PRESERVATION:THROUGH ITS CDFI ARM, CENTRO DE FINANZAS, LLC:* $200,000 IN HOME IMPROVEMENT LOANS ISSUED TO 10 LOW INCOME HOMEOWNERS, ENABLING URGENT REPAIRS AND SUPPORTING SAFE, STABLE AGING IN PLACE.COMMUNITY ASSESSMENT & EQUITY FOCUS:NEDA'S SERVICES ADDRESS SYSTEMIC BARRIERS SUCH AS LIMITED ENGLISH PROFICIENCY, CREDIT INVISBILITY, AND LACK OF GENERATIONAL WEALTH.* 91% OF CLIENTS IDENTIFY AS BIPOC* 80% OF SUPPORTED BUSINESSES ARE BIPOC OWNED* MANY CLIENTS ARE NEW TO FINANCIAL SYSTEMS, HOMEOWNERSHIP, OR ENTREPRENEURSHIPPROGRAMS ARE DESIGNED TO CLOSE RACIAL WEALTH GAPS AND EXPAND EQUITABLE ACCESS TO CAPITAL.POLICY ADVOCACY:NEDA ACTIVELY CONTRIBUTES TO HOUSING JUSTICE INITIATIVES:* HELPED SECURE $50 MILLION IN STATE FUNDING FOR THE FIRST GENERATION HOMEBUYERS DOWN PAYMENT ASSISTANCE FUND* ADVOCATED FOR EQUITABLE HOUSING FINANCE TOOLS AND ENTRY-LEVEL HOME PRODUCTION* PARTICIPATED IN CFPB FIELD HEARINGS ALONGSIDE U.S. SENATOR TINA SMITH TO COMBAT PREDATORY LENDING PRACTICES AFFECTING LATINO AND SOMALI HOUSEHOLDS.COMMUNITY ENGAGEMENT & STRATEGIC PARTNERSHIPS:NEDA CONDUCTED 100+ HOURS OF OUTREACH, EDUCATION, AND NAVIGATION SUPPORT - REACHING APPROXIMATELY 1,600 RESIDENTS, WITH INTENTIONAL FOCUS ON SPANISH-SPEAKING AND FIRST GENERATION FAMILIES.KEY PARTNERSHIPS INCLUDE:* LUTHERAN SOCIAL SERVICE: DEBT REDUCTION AND FINANCIAL COACHING* ESPERANZA UNITED: TRAUMA-INFORMED SERVICES FOR SURVIVORS OF DOMESTIC VIOLENCE* RAMSEY COUNTY & CITY OF SAINT PAUL: EQUITABLE HOUSING RECOVERY* MN HOMEWONERSHIP CENTER: SCALABLE EDUCATION DELIEVERY* U OF M EXTENSION: FINANCIAL CAPABILITY PROGRAMMINGCOMMUNITY EVENTS & CAMPAIGNS:* "KNOW YOUR RIGHTS" MEDIA CAMPAIGN: BILINGUAL CAMPAIGN ON TENANT/HOMEOWNER PROTECTION* DIA DE LOS MUERTOS CELEBRATION: CLOTHING AND RESOURCE DRIVE FOR 100+ INDIVIDUALS* LA NUEVA ESPERANZA SUPPORT GROUP: SPACE FOR SPANISH-SPEAKING CANCER PATIENTS* NIGHT OF UNITY: LAUNCHED RAICES SAGRADAS MENTAL HEALTH SUPPORT GROUP, ENGAGED LATINO LEADERS IN COLLECTIVE VISIONINGTHESE EVENTS REFLECT OUR SHARED BELIEF IN HEALING, DIGNITY, AND HOPE DURING LIFE'S MOST DIFFICULT MOMENTS. FAIR HOUSING EDUCATION:* 16+ WORKSHOPS ON CREDIT, BUDGETING, TAX PREP, AND RETIREMENT IN ENGLISH AND SPANISH* HOSTED BILINGUAL MODULOS DE FINANZAS AT CHURCHES, SCHOOLS, AND COMMUNITY EVENTS* CONVENED LOCAL LENDERS AND AGENTS TO EXPAND ITIN ACCESS AND INCLUSIVE MORTGAGE PRACTICESNEDA EQUIPS FAMILIES WITH THE TOOLS TO ASSERT THEIR RIGHTS, NAVIGATE SYSTEMS, AND BUILD FINANCIAL SECURITY.LOOKING AHEAD:NEDA REMAINS FOCUSED ON SCALING IMPACT THROUGH DATA-DRIVEN, EQUITY-CENTERED SOLUTIONS THAT ADVANCE HOMEOWNERSHIP, COMMUNITY WEALTH, AND FINANCIAL RESILIENCE FOR HISTORICALLY EXCLUDED FAMILIES. 2531379 1 1 0 1 0 0 0 0 1 0 1 0 0 0 1 1 0 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 1 1 0 0 0 1 21 0 8 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 1 1 MN X MARIA STEFFEL 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/SECRETARY 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 88119 0 9550 88119 0 9550 0 0 0 0 FLANNERY CONSTRUCTION 1375 ST ANTHONY AVENUE SAINT PAUL MN 55104 CONSTRUCTION 6975791 1 1063658 228971 1292629 DEVELOPER FEES 531110 694291 694291 RESIDENTIAL RENTS 531110 583052 583052 SALE OF HOUSE 531110 310000 310000 COMMERCIAL RENTS 531120 70266 70266 OTHER 900099 44486 44486 12028 12028 1714123 38784 38784 3045536 1714123 0 38784 97174 72881 19435 4858 412803 380544 27689 4570 11270 10276 821 173 105827 95460 8743 1624 39293 35038 3552 703 5131 5131 11000 11000 3620 3620 141661 43932 97729 8695 8695 15746 14042 1422 282 33389 30281 2594 514 67224 59944 6077 1203 2037 2037 1094 1094 69520 68801 600 119 441372 439292 1736 344 82463 79311 2631 521 LLC BLDG OPERATIONS 575014 575014 COST OF HOME SOLD 468668 468668 RE PROJECT COSTS 131755 131755 MISCELLANEOUS 22441 14314 8127 2747197 2531379 197287 18531 266189 250185 1460037 1438369 278398 104500 35719 63942 207618 320833 43291 51727 18761105 3178740 8540943 15582365 361127 361100 498699 66955 11692021 18239976 137002 118940 23614 52838 11046958 17261098 212815 22400 70440 285169 11490829 17740445 X -343808 129531 545000 370000 201192 499531 11692021 18239976 298339 0 X X 0 1 X 1 1 1 X 488017 1162509 635993 988907 1292629 4568055 488017 1162509 635993 988907 1292629 4568055 500736 4067319 19013 6712 5134 36690 38784 106333 1749 2146 3895 4678283 4264345 0.86940 0.82020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 0 0 1 3000 3000 0 PART II-B, LINE 1: IN FY24, NEDA PROVIDED $3,000 TO THE HOMEOWNERSHIP MINNESOTA (HOM) COALITION TO USE TOWARDS PAYING LOBBYIST AND OTHER EXPENSES. 0 0 910335 910335 17066514 2850789 14215725 340868 154008 186860 443388 173943 269445 15582365 FISCAL AGENCY PAYABLE 35009 SECURITY DEPOSITS 31528 CONSTRUCTION PAYABLE 218632 285169 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 A, LINE 8B NEDA DOES NOT HAVE ANY COMMITTEES THAT CAN ACT ON BEHALF OF THE BOARD OF DIRECTORS. 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. 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