East Side Neighborhood Development Company Inc

Nonprofit profile at a glance

EIN
411367503
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Saint Paul, MN, USA
Phone
6512888751
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Housing Support

Official website

Reported finances

Revenue
$1,062,595
Expenses
$867,528
Assets
$1,178,053
Liabilities
$132,824

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • SHATEKA FLOWERS (PRESIDENT)
  • DARLENE LABELLE (CURRENT EXECUTIVE DIRECTOR)
  • ANNE DEJOY (FORMER EXECUTIVE DIRECTOR)

Highest reported compensation

  • ANNE DEJOY (FORMER EXECUTIVE DIRECTOR): $91,653 total reported compensation
  • DARLENE LABELLE (CURRENT EXECUTIVE DIRECTOR): $79,353 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Fostering a safe, diverse, and thriving community on st. Paul's east side.

What it reported doing in 2024

Commercial development - the business investment fund utilizes hud/cdbg funds to commercial property owners for code improvements and exterior rehabilitation to eliminate blight and create a positive impact in this low- to moderate-income neighborhood. In 2024, esndc managed four rehabilitation projects. Construction contracts were awarded to underserved contractors who are small business enterprises (sbe), minority business enterprises (mbe) and women business enterprises (wbe). In 2024, esndc's friendly storefronts program provided six grants for faqade improvements. The east community fund (ecf) is a community-based revolving program for underserved small businesses. In 2024, esndc issued four loans and ended the year with a portfolio of 8 loans. In may 2024 esndc launched the eastside technical assistance program (etap) that provides in-depth & individualized technical assistance to underserved businesses. By december 31st we assisted 14 business clients.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 86
  • Accountability: 100
  • Sustainability: 57
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 70.5%; rating input score 71
  • Program expense ratio: 86.2%; rating input score 86
  • Fundraising efficiency: $123.06 raised per $1 spent on fundraising; rating input score 88; 88th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 19th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 18.4%; rating input score 74; 74th percentile among comparable filings
  • Total-asset coverage ratio: 1.36; rating input score 53; 53rd percentile among comparable filings
  • Liabilities to assets ratio: 0.11; rating input score 41; 41st percentile among comparable filings
  • Officer compensation ratio: 19.7%; rating input score 15; 15th percentile among comparable filings

Growth

  • Program expense growth: -1.8% per year; rating input score 0; 13th percentile among comparable filings
  • Revenue growth: 0.4% per year; rating input score 100; 16th percentile among comparable filings
  • Asset growth: -11.2% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 70.5% of revenue deployed · 86.2% of spending went to programs
  • Governance: 8 of 8 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $748K in reported program spending
  • Leadership: top reported pay $92K · 10 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 53/100.
  • High — Sustainability: Officer compensation ratio scored 15/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 41/100.