Neighborhood Development Corporation

Nonprofit profile at a glance

EIN
421489223
IRS 990 coverage
2014–2025
Forms available
Form 990 2025
Location
Des Moines, IA, USA
Phone
5152448600
Rating
64
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Housing Rehabilitation

Reported finances

Revenue
$1,361,093
Expenses
$757,796
Assets
$7,354,780
Liabilities
$2,021,026

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • MEL PINS (PAST PRESIDENT)
  • BRET VANDELUNE (PRESIDENT)
  • CARL VOSS (VICE PRESIDENT)
  • SADIE TRYTTEN (EXECUTIVE DIRECTOR)

Highest reported compensation

  • SADIE TRYTTEN (EXECUTIVE DIRECTOR): $160,145 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To enhance neighborhoods and combat community deterioration through redevelopment efforts specifically designed to create housing, small business, and job creation opportunities for residents of polk county, Iowa

What it reported doing in 2025

Ndc sustainably enhances neighborhoods by serving as a catalyst for redevelopment efforts that focus on creating a mix of housing and commercial development through community collaboration. Neighborhood development corporation focuses on three essential core values when deciding on the direction we will take moving forward with any project: collaboration, revitalization and catalyzation. It is imperative we follow these core values because without them we cannot fulfill our true potential as an organization and achieve what we call, the ndc effect. Developing property with our methodology ignites the prosperity and value communities need to grow into the future. We leverage our experience, professionalism and key partnerships with government, general contractors and city planners in the industry to provide innovative solutions to underserved communities.

Operating model

Revenue model
Grant-funded. 72% of the money available for current operations came from government grants.
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

SUPPORTED - Most voting board members are independent and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 46
  • Transparency & Controls: 65
  • Accountability: 100
  • Sustainability: 73
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 39.9%; rating input score 40
  • Program expense ratio: 70.1%; rating input score 70
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • 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; 64th 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: 44.3%; rating input score 89; 89th percentile among comparable filings
  • Total-asset coverage ratio: 9.71; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: 0.27; rating input score 21; 21st percentile among comparable filings
  • Officer compensation ratio: 21.1%; rating input score 15; 15th percentile among comparable filings

Growth

  • Program expense growth: -7.7% per year; rating input score 0; 6th percentile among comparable filings
  • Revenue growth: 7.5% per year; rating input score 100; 51st percentile among comparable filings
  • Asset growth: -0.8% per year; rating input score 0; 13th percentile among comparable filings

Details

  • Where the money goes: 39.9% of revenue deployed · 70.1% of spending went to programs
  • Governance: 9 of 9 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $531K in reported program spending
  • Leadership: top reported pay $160K · 10 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $123K reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 9 filing years from 2014 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • Moderate — Financial Efficiency: Mission deployment rate scored 40/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 15/100.
  • High — Sustainability: Liabilities to assets ratio scored 21/100.