Nonprofit · EIN 04-2660283
THE NEIGHBORHOOD DEVELOPERS INC
Tax-exempt · CHELSEA, MA 02150
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $11,543,347 | $8,949,973 | $2,593,374 | $43,371,059 | $29,265,682 | $14,105,377 |
| December 31, 2023 | 990 (amended) | $8,309,577 | $8,665,749 | -$356,172 | $34,897,155 | $23,385,152 | $11,512,003 |
| December 31, 2022 | 990 | $9,918,440 | $9,032,159 | $886,281 | $36,512,492 | $24,644,317 | $11,868,175 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,748,703
- Program service revenue
- $4,936,044
- Investment income
- $858,600
- Net gain from sales of assets
- $858,600
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $830,501
- Compensation of officers, directors and key employees
- $743,008
- Other salaries and wages
- $2,885,493
- Salaries, compensation and benefits (total)
- $4,363,569
- Professional fundraising fees
- $33,073
- Legal fees
- $45,041
- Accounting fees
- $144,464
- Occupancy
- $920,501
- Depreciation
- $398,206
- Program services (functional)
- $6,454,951
- Management and general (functional)
- $1,795,361
- Fundraising (functional)
- $699,661
Balance sheet and other
- Total assets, start of year
- $34,897,155
- Total assets, end of year
- $43,371,059
- Total liabilities, end of year
- $29,265,682
- Net assets, end of year
- $14,105,377
- Land, buildings and equipment
- $14,417,917
- Net assets without donor restrictions
- $12,365,608
- Net assets with donor restrictions
- $1,739,769
- Gross receipts
- $11,543,347
- Employees
- 31
- Volunteers
- 112
- Year formed
- 1978
- State of legal domicile
- MA
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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RAFAEL MARES | EXECUTIVE DIRECTOR Officer | 40 | $247,473 | $51,992 |
| STEVEN LAFERRIERE | DIRECTOR OF RE DEVELOPMENT Highest-paid employee | 40 | $165,263 | $20,456 |
| CASSANDRA JEAN WITTHAUS | SENIOR PROJECT MANAGER Highest-paid employee | 40 | $125,065 | $16,219 |
| MARILYN SALGADO | DIRECTOR OF RESIDENT SERVICES Highest-paid employee | 40 | $114,174 | $21,530 |
| SEAN K MOCK | PROJECT MANAGER Trustee or director | 40 | $91,033 | $11,284 |
| ORLANDO JAQUEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GUADALUPE PANAMENO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MINA JLIL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KRISTEN JANJAR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PETER HOLLANDS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KAVISH GHANDI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SANDY MAYNARD | SECRETARY Officer | 1 | $0 | $0 |
| FAYE DOOKHARAN | PRESIDENT Officer | 1 | $0 | $0 |
| DAKEYA CHRISTMAS | VICE PRESIDENT Officer | 1 | $0 | $0 |
| CHARLENE BAUER | TREASURER Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RAFAEL MARES | EXECUTIVE DIRECTOR Officer | 40 | $189,154 | $36,276 |
| STEVEN LAFERRIERE | DIRECTOR OF RE DEVELOPMENT Highest-paid employee | 40 | $139,654 | $30,786 |
| ZIXIAO YIN | SENIOR PROJECT MANAGER Highest-paid employee | 40 | $113,846 | $12,228 |
| CASSANDRA JEAN WITTHAUS | SENIOR PROJECT MANAGER Highest-paid employee | 40 | $104,615 | $19,102 |
| ALICE MURILLO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PETER HOLLANDS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KRISTEN JANJAR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHARLENE BAUER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DAKEYA CHRISTMAS | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| FAYE DOOKHARAN | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| MINA JLIL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GUADALUPE PANAMENO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SANDY MAYNARD | CLERK Trustee or director, Officer | 1 | $0 | $0 |
| ORLANDO JAQUEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2022: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RAFAEL MARES | EXECUTIVE DIRECTOR Officer | 40 | $154,601 | $6,481 |
| STEVEN LAFERRIERE | DIRECTOR OF RE DEVELOPMENT Highest-paid employee | 40 | $117,072 | $6,481 |
| ALICE MURILLO | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| PETER HOLLANDS | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| KRISTEN JANJAR | CLERK Trustee or director, Officer | 1 | $0 | $0 |
| CHARLENE BAUER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DAKEYA CHRISTMAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FAYE DOOKHARAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MINA JLIL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LESLIE ADRICH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GUADALUPE PANAMENO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SANDY MAYNARD | DIRECTOR (AS OF 5/18/22) Trustee or director | 1 | $0 | $0 |
| ORLANDO JAQUEZ | DIRECTOR (AS OF 10/6/22) Trustee or director | 1 | $0 | $0 |
| KAVISH GANDHI | DIRECTOR (AS OF 5/18/22) Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4 GERRISH AVE, CHELSEA, MA 02150-2907
- Principal officer (990 for 2024)
- RAFAEL MARES, 4 GERRISH AVENUE, CHELSEA, MA 02150
- Signed the 990
- RAFAEL MARES, EXECUTIVE DIRECTOR
- Phone
- (617) 889-1375
- Return prepared by
- NOVOGRADAC & COMPANY LLP
Mission
THE MISSION OF THE NEIGHBORHOOD DEVELOPERS, INC (TND) IS TO CREATE STRONG NEIGHBORHOODS ENABLING COMMUNITY MEMBERS TO SECURE A STABLE HOME, ACHIEVE ECONOMIC MOBILITY, AND DETERMINE THEIR OWN FUTURE. TND EMPLOYS FOUR INVESTMENT STRATEGIES TO BUILD STRONG AND JUST NEIGHBORHOODS: REAL ESTATE DEVELOPMENT TO EXPAND AFFORDABLE HOUSING INVENTORY AND BUILD EQUITABLE NEIGHBORHOODS; COMMUNITY BUILDING TO FOSTER LEADERSHIP DEVELOPMENT IN ORGANIZING FOR SELF ADVOCACY; FINANCIAL CAPABILITIES AND WORKFORCE DEVELOPMENT TO INCREASE FAMILY PROSPERITY, DELIVERED IN COLLABORATION WITH OUR CONNECT PARTNERS; AND RESIDENT SERVICES, SO THAT THE RESIDENTS OF TND PROPERTIES SUCCEED AT HOME, SCHOOL, WORK AND IN THE COMMUNITY
Program accomplishments
- RENTAL PROPERTIES - THE RENTAL PROPERTIES THROUGH 2021, TND OWNED AND MANAGED 611 RESIDENTIAL APARTMENTS THAT PROVIDE AN AFFORDABLE HOME FOR LOW-AND-MODERATE-INCOME INDIVIDUALS AND FAMILIES. A THIRD PARTY VENDOR, WINN RESIDENTIAL, PROVIDES PROPERTY MANAGEMENT SERVICES ON OUR BEHALF AND WORKS CLOSELY WITH TND'S RESIDENT SERVICES AND ASSET MANAGEMENT TEAMS TO ENSURE THAT OUR PROPERTIES PROVIDE RESIDENTS WITH A HIGH-QUALITY AFFORDABLE HOME. TND'S PROPERTIES ALSO INCLUDE EIGHT COMMERCIAL SPACES, PROVIDING AFFORDABLE RENTS FOR CHELSEA BUSINESSES.Expenses $2,993,178 · grants $25,000 · revenue $3,417,516
- CONNECT - THE CONNECT PROGRAM HELPS ADDRESS DISPLACEMENT AMONG LOW-INCOME INDIVIDUALS AND FAMILIES BY STABILIZING THEIR FINANCIAL OUTLOOK AND PROVIDING TOOLS TO HELP THESE HOUSEHOLDS MANAGE, AND GROW THEIR INCOME THROUGH FINANCIAL CAPABILITY, WORKFORCE DEVELOPMENT, AND HOUSING AND INCOME STABILIZATION PROGRAMMING. SERVICES TO THE COMMUNITY START WITH A RESOURCE HOTLINE, AND INCLUDE RESOURCES FOR RENTAL AND UTILITIES ASSISTANCE, FINANCIAL COACHING, MASSHEALTH, SNAP, WORKFORCE DEVELOPMENT AND TAX PREPARATION.Expenses $1,072,559 · grants $556,229
- REAL STATE DEVELOPMENT- THE REAL ESTATE DEVELOPMENT PROGRAM REDUCES AND PRESERVES AFFORDABLE AND MIXED INCOME MULTI-FAMILY RENTAL PROPERTIES AND HOMES FOR SALE. THE HOMES THAT TND PRODUCES PRIMARILY BENEFIT LOW-INCOME HOUSEHOLDS EARNING 60% OR LESS OF THE AREA MEDIAN INCOME. TND HAS A GOAL TO BUILD OR PRESERVE 325 HOMES BETWEEN 2020-2024. THROUGH 2024, TND HAS PRODUCED 300 HOMES AND HAS 375 MORE HOMES IN DEVELOPMENT.Expenses $1,164,145 · revenue $1,518,528
- COMMUNITY BUILDING - TND WORKS IN COALITIONS AND THROUGH PARTNERSHIPS TO CATALYZE POSITIVE COMMUNITY CHANGE THAT EMPOWERS RESIDENTS TO TRANSFORM AND BUILD BETTER NEIGHBORHOODS. THE COMMUNITY BUILDING TEAM HOSTS SOCIAL GATHERINGS TO BUILD RELATIONSHIPS AND COLLECTIVE POWER, ORGANIZES CROSS-CITY TRAININGS TO EDUCATE COMMUNITY MEMBERS ABOUT ISSUES, AND CONNECTS RESIDENTS TO ADVOCACY OPPORTUNITIES.Expenses $531,952 · grants $223,997
- RESIDENT SERVICES - THE RESIDENT SERVICES PROGRAM IS DEDICATED TO ENSURING HOUSING STABILITY, HEALTH AND WELLNESS OF THE 1,110 LOW-INCOME RESIDENTS OF TND'S MULTI-FAMILY PROPERTIES. RESIDENT SERVICES INCLUDED MEAL AND GROCERY DELIVERIES, WELLNESS CALLS, HOUSING STABILITY COUNSELING, FINANCIAL CAPABILITY TRAINING, COMMUNITY BUILDING PROGRAMMING, AND ELDER AND FAMILY SUPPORT SERVICES.Expenses $363,423 · grants $25,275
- ASSET MANAGEMENT - FOR TND'S RESIDENTIAL AND COMMERCIAL PROPERTY PORTFOLIO, THE ASSET MANAGEMENT PROGRAM PROVIDES PROPERTY PORTFOLIO MANAGEMENT: MAINTENANCE, REPAIR AND IMPROVEMENTS OF BUILDINGS; FINANCIAL MANAGEMENT OF OPERATING PROPERTIES; AND COMPLIANCE WITH ALL REGULATORY AND INVESTOR REQUIREMENTS.Expenses $329,694
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-2660283
- 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
- 1979
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L200)
- Assets (IRS master file)
- $43,371,059
- Income (IRS master file)
- $11,543,347
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $11,543,347 | $8,949,973 | $43,371,059 | IRS |
| 990 | December 2023 | $8,309,577 | $8,665,749 | $34,897,155 | XML |
| 990 | December 2022 | $9,918,440 | $9,032,159 | $36,512,492 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 04-2660283).
Questions about THE NEIGHBORHOOD DEVELOPERS INC
- What is the EIN of THE NEIGHBORHOOD DEVELOPERS INC?
- The employer identification number (EIN) of THE NEIGHBORHOOD DEVELOPERS INC is 04-2660283.
- Is THE NEIGHBORHOOD DEVELOPERS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
- Are donations to THE NEIGHBORHOOD DEVELOPERS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE NEIGHBORHOOD DEVELOPERS INC 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 THE NEIGHBORHOOD DEVELOPERS INC 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 THE NEIGHBORHOOD DEVELOPERS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE NEIGHBORHOOD DEVELOPERS INC?
- The 990 for the year ended December 31, 2024 names RAFAEL MARES.
- Who are the officers and directors of THE NEIGHBORHOOD DEVELOPERS INC?
- The 990 for the year ended December 31, 2024 lists 15 people; 5 received compensation from the organization, the highest $247,473 (RAFAEL MARES, EXECUTIVE DIRECTOR).
- How much revenue does THE NEIGHBORHOOD DEVELOPERS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $11,543,347, expenses of $8,949,973 and total assets of $43,371,059 at year end.
Other nonprofits in CHELSEA
- ADMIRALS HILL ASSISTED LIVING CORP II EIN 04-3538833 · last filed 990-PF for 2024
- CHELSEA RESTORATION CORPORATION EIN 04-2614551 · last filed 990 for 2024
- NORTH SUFFOLK GROUP HOMES INC EIN 22-3204728 · last filed 990 for 2025
- GERRISH TND INC EIN 47-4230197 · last filed 990 for 2024
- PROCTOR COMMUNITY HOUSING CORPORATION EIN 31-1699625 · last filed 990 for 2025
- BROADWAY COMMUNITY HOUSING CORPORATION EIN 22-3409403 · last filed 990-EZ for 2025
- BRADSTREET COMMUNITY HOUSING CORPORATION EIN 31-1660731 · last filed 990 for 2025
- METRO CREDIT UNION EIN 04-1695745 · last filed 990 for 2024
All nonprofits in CHELSEA · Massachusetts · Housing and shelter