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Nonprofit · EIN 34-1080125

NEIGHBORHOOD DEVELOPMENT CORPORATION OF AKRON

Tax-exempt · AKRON, OH 44311

Financials

$6.6M$3.9M2021$4.5M$4.5M2023$6.8M$8.1M2024
Revenue Expenses · by fiscal year end
Financials of NEIGHBORHOOD DEVELOPMENT CORPORATION OF AKRON by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$6,788,134$8,098,669-$1,310,535$36,459,120$35,717,244$741,876
December 31, 2023990$4,547,148$4,532,520$14,628$20,584,170$18,412,764$2,171,406
December 31, 2021990 (amended)$6,553,835$3,931,929$2,621,906$16,201,717$13,679,312$2,522,405
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$273,056
of which government grants
$176,825
Program service revenue
$401,847
Investment income
$417,999
Net rental income
$5,077,327
Net gain from sales of assets
$365,000
Other revenue
$5,695,232

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$625,443
Salaries, compensation and benefits (total)
$698,831
Professional fundraising fees
$0
Legal fees
$16,092
Accounting fees
$97,077
Occupancy
$1,178,681
Travel
$8,761
Depreciation
$1,934,112
Program services (functional)
$6,562,066
Management and general (functional)
$1,536,603

Balance sheet and other

Total assets, start of year
$20,584,170
Total assets, end of year
$36,459,120
Total liabilities, end of year
$35,717,244
Net assets, end of year
$741,876
Land, buildings and equipment
$18,191,102
Net assets without donor restrictions
$741,876
Gross receipts
$6,788,134
Employees
0
Year formed
2000
State of legal domicile
OH

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
HORACE HIGHLANDCHAIRMAN OF BUSINESS & FINANCE
Trustee or director, Officer
1$0
TODD JACKSONBOARD MEMBER
Trustee or director
1$0
DAVID BROWNBOARD MEMBER
Trustee or director
1$0
CARLTON BARNETTBOARD MEMBER
Trustee or director
1$0
SAMUEL DEZHAZIORCHAIRMAN
Trustee or director, Officer
1$0
PAUL STALLINGSTREASURER
Trustee or director, Officer
1$0
ALBERT BRAGG JrEXECUTIVE DIRECTOR
Key employee
8$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
PAUL STALLINGSTREASURER
Trustee or director, Officer
1$0
SAMUEL DEZHAZIORCHAIRMAN
Trustee or director, Officer
1$0
THOMAS A TATUMVICE CHAIRMAN OF DEVELOPMENT
Trustee or director, Officer
1$0
HORACE HIGHLANDCHAIRMAN OF BUSINESS & FINANC
Trustee or director, Officer
1$0
ROGER JOHNSONVICE CHARIMAN OF MANAGEMENT
Trustee or director, Officer
1$0
LARRY F THOMASSECRETARY
Officer
1$0
ALBERT BRAGG JrEXECUTIVE DIRECTOR
Key employee
8$0
990 for the year ended December 31, 2021: 7 people
NameTitleHours / weekCompensation
PAUL STALLINGSTREASURER
Trustee or director, Officer
1$0
SAMUEL DEZHAZIORCHAIRMAN
Trustee or director, Officer
1$0
THOMAS A TATUMVICE CHAIRMAN OF DEVELOPMENT
Trustee or director, Officer
1$0
HORACE HIGHLANDCHAIRMAN OF BUSINESS & FINANC
Trustee or director, Officer
1$0
ROGER JOHNSONVICE CHARIMAN OF MANAGEMENT
Trustee or director, Officer
1$0
LARRY F THOMASSECRETARY
Officer
1$0
ALBERT BRAGG JrEXECUTIVE DIRECTOR
Key employee
8$0

Address and contacts

Address (IRS master file)
662 WOLF LEDGES PKWY, AKRON, OH 44311-1511
In care of
% ALBERT BRAGG
Signed the 990
ALBERT BRAGG, EXECUTIVE DIRECTOR
Phone
(330) 376-8787
Return prepared by
HWA ALLIANCE OF CPA FIRMS INC

Mission

THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE LOW AND MODERATE COST HOUSING AND TO DEMONSTRATE IN SUCH HOUSING AND CONSTRUCTION AND REHABILITATION INNOVATIVE TECHNIQUES MATERIALS AND BUILDING LAYOUT.

990 for the year ended December 31, 2024

Program accomplishments

  • HOUSING ASSISTANCE PROGRAMS PROVIDES HOUSING ASSISTANCE PAYMENTS TO ELIGIBLE LOW-INCOME INDIVIDUALS AND FAMILIES, MAKING IT POSSIBLE FOR THEM TO ACCESS SAFE AND AFFORDABLE HOUSING.
    Expenses $6,562,066
  • NUTRITION PROGRAM PROVIDES MEALS TO QUALIFIED TENANTS AT NO COST TO SUPPORT THEIR WELL-BEING AND ENHANCE THEIR QUALITY OF LIFE.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
34-1080125
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1971
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$36,459,120
Income (IRS master file)
$6,788,134

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$6,788,134$8,098,669$36,459,120XML
990December 2023$4,547,148$4,532,520$20,584,170XML
990December 2022$3,690,930$3,979,505$15,968,395IRS
990December 2021$6,553,835$3,931,929$16,201,717XML
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 34-1080125).

Questions about NEIGHBORHOOD DEVELOPMENT CORPORATION OF AKRON

What is the EIN of NEIGHBORHOOD DEVELOPMENT CORPORATION OF AKRON?
The employer identification number (EIN) of NEIGHBORHOOD DEVELOPMENT CORPORATION OF AKRON is 34-1080125.
Is NEIGHBORHOOD DEVELOPMENT CORPORATION OF AKRON tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1971.
Are donations to NEIGHBORHOOD DEVELOPMENT CORPORATION OF AKRON tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NEIGHBORHOOD DEVELOPMENT CORPORATION OF AKRON file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of NEIGHBORHOOD DEVELOPMENT CORPORATION OF AKRON due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NEIGHBORHOOD DEVELOPMENT CORPORATION OF AKRON last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of NEIGHBORHOOD DEVELOPMENT CORPORATION OF AKRON?
The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does NEIGHBORHOOD DEVELOPMENT CORPORATION OF AKRON have?
On its 990 for the year ended December 31, 2024 it reported revenue of $6,788,134, expenses of $8,098,669 and total assets of $36,459,120 at year end.

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