Nonprofit · EIN 86-0888028
NEIGHBORHOOD ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · MESA, AZ 85203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-EZ | $28,964 | $4,523 | $24,441 | $39,402 | $115,897 | -$76,495 |
| June 30, 2024 | 990-EZ | $448 | $1,859 | -$1,411 | $43,366 | $144,302 | -$100,936 |
| June 30, 2023 | 990-EZ | $775 | $57,387 | -$56,612 | $51,619 | $151,144 | -$99,525 |
Financial details: 990-EZ for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $25,730
- Investment income
- $335
- Other revenue
- $2,899
Expenses
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $1,498
- Other expenses
- $3,025
- Program services (functional)
- $3,053
Balance sheet and other
- Total assets, start of year
- $43,366
- Total assets, end of year
- $39,402
- Total liabilities, end of year
- $115,897
- Net assets, end of year
- -$76,495
- Cash, savings and investments
- $28,738
- Gross receipts
- $28,964
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-EZ for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANNE BENNETT-PEREZ | BOARD MEMBER | 0.1 | $0 |
| BETTY LYNCH | BOARD MEMBER | 0.1 | $0 |
| BRIAN MILLER | BOARD MEMBER | 0.1 | $0 |
| CHRIS TRENDLER | BOARD MEMBER | 0.1 | $0 |
| CHRISTINA WORDEN | BOARD MEMBER | 0.1 | $0 |
| CLARK RICHTER | BOARD MEMBER | 0.1 | $0 |
| DAVID WOOLSTRUM | BOARD MEMBER | 0.1 | $0 |
| DAVID DUNLEVY | BOARD MEMBER | 0.1 | $0 |
| ELIZABETH ANNE HILL | BOARD MEMBER | 0.1 | $0 |
| ERIC MATTHIAS | BOARD MEMBER | 0.1 | $0 |
| FRANKLIN BENNETT | BOARD MEMBER | 0.1 | $0 |
| JACK BIGGS | BOARD MEMBER | 0.1 | $0 |
990-EZ for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRANK BENNETT | BOARD MEMBER | 0.1 | $0 |
| ANNE BENNETT-PEREZ | BOARD MEMBER | 0.1 | $0 |
| JACK BIGGS | BOARD MEMBER | 0.1 | $0 |
| KIM BUTLER PERRY | BOARD MEMBER | 0.1 | $0 |
| LISA CAPRIOTTI | BOARD MEMBER | 0.1 | $0 |
| DAVID DUNLEVY | BOARD MEMBER | 0.1 | $0 |
| MALCOLM GREEN | BOARD MEMBER | 0.1 | $0 |
| RENEE HIGGS | BOARD MEMBER | 0.1 | $0 |
| ELIZABETH HILL | BOARD MEMBER | 0.1 | $0 |
| MICHAEL HUTCHINSON | BOARD MEMBER | 0.1 | $0 |
| BETTY LYNCH | BOARD MEMBER | 0.1 | $0 |
| ERIC MATTHIAS | BOARD MEMBER | 0.1 | $0 |
990-EZ for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL HUGHES | CEO | 0.25 | $0 |
| CATHERINE DYCIEWSKI | CAO | 0.25 | $0 |
| CONSTANCE ORR | COO | 0.25 | $0 |
| KATHLEEN DINOLFI | CPO | 0.25 | $0 |
| JOSEPH DULIN | CPO | 0.25 | $0 |
| WILLIAM SCOTT | CHAIR | 0.1 | $0 |
| TYLER ABRAHAMS | VICE CHAIR | 0.1 | $0 |
| CAROLYN IACOBELLI | TREASURER | 0.1 | $0 |
| REBECCA LINDREN | SECRETARY (RESIGNED) | 0.1 | $0 |
| DEB SMITH | BOARD MEMBER | 0.1 | $0 |
| CHRISTINA WORDEN | BOARD MEMBER | 0.1 | $0 |
| RENEE HIGGS | BOARD MEMBER | 0.1 | $0 |
Address and contacts
- Address (IRS master file)
- 868 E UNIVERSITY DR, MESA, AZ 85203-8033
- In care of
- % TERRY BENELLI EXECUTIVE DIRECTOR
- Signed the 990-EZ
- CASSANDRA IRBY, CFO
- Phone
- (480) 969-4024
- Website
- WWW.TURNANEWLEAF.ORG
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
TO FINANCE ECONOMIC DEVELOPMENT INITIATIVES IN LOW/MODERATE INCOME NEIGHBORHOODS IN ARIZONA.
Program accomplishments
- THE NEIGHBORHOOD ECONOMIC DEVELOPMENT CORPORATION IS A CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION THAT PROVIDES BUSINESS LOANS, TRAINING, TECHNICAL ASSISTANCE AND FINANCIAL SUPPORT WITHIN TARGETED AREAS OF THE COMMUNITY. NEDCO COLLABORATES AND PARTNERS WITH LOCAL MUNICIPALITIES, BUSINESSES, DEVLOPERS AND OTHER INSITUTIONS TO MEET COMMUNITY DEVELOPMENT GOALS IN THE METRO AREA. THIS FUNDING CONTINUES TO PROVE SUCCESSFUL IN CREATING EMPLOYMENT OPPORTUNITIES FOR LOW TO MODERATE INCOME INDIVIDUALS.Expenses $3,053
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-EZ on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 86-0888028
- 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
- 1998
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $39,402
- Income (IRS master file)
- $28,964
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | June 2025 | $28,964 | $4,523 | $39,402 | IRS |
| 990-EZ | June 2024 | $448 | $1,859 | $43,366 | IRS |
| 990-EZ | June 2023 | $775 | $57,387 | $51,619 | XML |
| 990 | June 2022 | $249,787 | $3,321 | $155,342 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 86-0888028).
Questions about NEIGHBORHOOD ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of NEIGHBORHOOD ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of NEIGHBORHOOD ECONOMIC DEVELOPMENT CORPORATION is 86-0888028.
- Is NEIGHBORHOOD ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to NEIGHBORHOOD ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEIGHBORHOOD ECONOMIC DEVELOPMENT CORPORATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of NEIGHBORHOOD ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEIGHBORHOOD ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended June 2025.
- Who are the officers and directors of NEIGHBORHOOD ECONOMIC DEVELOPMENT CORPORATION?
- The 990-EZ for the year ended June 30, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does NEIGHBORHOOD ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990-EZ for the year ended June 30, 2025 it reported revenue of $28,964, expenses of $4,523 and total assets of $39,402 at year end.
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