NEIGHBORHOOD DEVELOPMENT ALLIANCE INC

Financials

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 June 30, 2025, highest compensation first.

Address and contacts

Address (IRS master file)

481 WABASHA ST S, SAINT PAUL, MN 55107-1142

Principal officer (990 for 2024)

MARIA STEFFEL, 481 SOUTH WABASHA, SAINT PAUL, MN 55107

Signed the 990

MARIA STEFFEL, EXECUTIVE DIRECTOR

Phone

(651) 292-0131

Website

WWW.NEDAHOME.ORG

Return prepared by

MAHONEY ULBRICH CHRISTIANSEN & RUSS PA

Mission

NEDA IS A NONPROFIT COMMUNITY DEVELOPMENT CORPORATION WHOSE MISSION IS TO STRENGTHEN THE VITALITY OF LOW-INCOME NEIGHBORHOODS WITHIN THE CITY OF ST. PAUL, BY CREATING AND PRESERVING HOUSING AND BUSINESS OPPORTUNITIES FOR RESIDENTS OF ALL INCOME LEVELS. NEDA HAS EXPANDED THAT MISSION TO SERVE THE 7-COUNTY METRO AREA - WITH A FOCUS IN MINNEAPOLIS AND ST. PAUL - IN REGARDS TO ITS HOMEOWNERSHIP COUNSELING AND FINANCIAL LITERACY PROGRAMS.

Program accomplishments

• HOUSING AND FINANCIAL EMPOWERMENT SERVICES:EMPOWERING FAMILIES. BUILDING FUTURES. STRENGTHENING COMMUNITIES.DURING FY24-25, NEIGHBORHOOD DEVELOPMENT ALLIANCE (NEDA) DELIVERED BILINGUAL (SPANISH/ENGLISH), CULTURALLY RELEVANT HOUSING AND FINANCIAL EMPOWERMENT SERVICES TO LOW- AND MODERATE-INCOME HOUSEHOLDS, PRIMARILY FAMILIES OF COLOR. AS A HUD-CERTIFIED HOUSING COUNSELING AGENCY ROOTED IN SAINT PAUL'S WEST SIDE, NEDA SUPPORTED FAMILIES IN NAVIGATING COMPLEX HOUSING AND FINANCIAL SYSTEMS WITH DIGNITY, CULTURAL RESPONSIVENESS, AND CONFIDENCE. THESE SERVICES ADVANCED HOUSING STABILITY, ASSET BUILDING, AND LONG-TERM ECONOMIC MOBILITY WHILE ADDRESSING SYSTEMIC BARRIERS TO HOMEOWNERSHIP.PROGRAM REACH AND SERVICE DELIVERYIN ALIGNMENT WITH NEDA'S MISSION TO CLOSE THE RACIAL HOMEOWNERSHIP GAP AND PROMOTE FINANCIAL EMPOWERMENT, THE ORGANIZATION RECORDED 874 CLIENT INTERACTIONS ACROSS INDIVIDUALIZED ADVISING AND GROUP EDUCATION DURING THE REPORTING PERIOD. SERVICES WERE TAILORED TO MEET THE NEEDS OF HISTORICALLY UNDERSERVED COMMUNITIES AND INCLUDED THE FOLLOWING: 1:1 HOMEBUYER ADVISING: 102 INDIVIDUALS RECEIVED PERSONALIZED GUIDANCE TO NAVIGATE THE HOMEBUYING PROCESS, BUILDING READINESS FOR SUSTAINABLE HOMEOWNERSHIP. HOMESTRETCH EDUCATION WORKSHOPS: 305 PARTICIPANTS COMPLETED GROUP EDUCATION COVERING FIRST-TIME HOMEBUYER REQUIREMENTS AND FINANCIAL PREPARATION. 1:1 FINANCIAL WELLNESS ADVISING: 102 CLIENTS ENGAGED IN INDIVIDUALIZED COACHING FOCUSED ON FINANCIAL STABILITY AND LONG-TERM WEALTH BUILDING. HOME MAINTENANCE ADVISING: 37 HOMEOWNERS RECEIVED EDUCATION ON PROPERTY MAINTENANCE TO PRESERVE HOUSING QUALITY AND ASSET VALUE. RENTAL TOPICS WORKSHOPS: 31 PARTICIPANTS ATTENDED WORKSHOPS ADDRESSING TENANT RIGHTS, RESPONSIBILITIES, AND PATHWAYS TO HOMEOWNERSHIP. FORECLOSURE ADVISING: 21 HOUSEHOLDS RECEIVED CRISIS INTERVENTION SERVICES TO PREVENT FORECLOSURE AND STABILIZE HOUSING. FINANCIAL MANAGEMENT AND BUDGET ADVISING: 58 CLIENTS STRENGTHENED BUDGETING AND MONEY MANAGEMENT SKILLS CRITICAL TO HOUSING STABILITY. FINANCIAL LITERACY EDUCATION: 64 PARTICIPANTS ATTENDED ADDITIONAL WORKSHOPS TO DEEPEN FINANCIAL KNOWLEDGE. REFINANCE ADVISING: 10 HOUSEHOLDS EXPLORED REFINANCING OPTIONS TO SECURE MORE AFFORDABLE MORTGAGE TERMS.FAIR HOUSING AND HOMEOWNERSHIP IMPACTNEDA PROVIDED COMPREHENSIVE HOMEOWNERSHIP COUNSELING AND SUPPORT TO 67 HOUSEHOLDS NAVIGATING RISING HOUSING COSTS, ELEVATED INTEREST RATES, AND LONGSTANDING STRUCTURAL BARRIERS TO HOMEOWNERSHIP. THROUGH CULTURALLY RESPONSIVE, HUD-CERTIFIED COACHING, THESE HOUSEHOLDS SUCCESSFULLY ACHIEVED FIRST-TIME HOMEOWNERSHIP.KEY OUTCOMES INCLUDE: 67 HOUSEHOLDS SUPPORTED INTO HOMEOWNERSHIP AVERAGE HOME PURCHASE PRICE: $269,000 AVERAGE CASH-TO-CLOSE: $20,340 PER HOUSEHOLD $18,053,289 IN TOTAL COMMUNITY INVESTMENT GENERATED THROUGH LOCAL HOME PURCHASESDESPITE AVERAGE INTEREST RATES OF APPROXIMATELY 6.764% DURING THE REPORTING PERIOD, PARTICIPATING HOUSEHOLDS SUCCESSFULLY COMPLETED HOME PURCHASES WITH NEDA'S GUIDANCE, CONTRIBUTING TO LONG-TERM HOUSING STABILITY AND ASSET BUILDING WITHIN THE COMMUNITY.ADDITIONAL FINANCIAL EMPOWERMENT AND ASSET-BUILDING OUTCOMES 7,528 HOURS OF TECHNICAL ASSISTANCE PROVIDED ACROSS HOUSING, FINANCIAL, AND SMALL BUSINESS SERVICES 200+ PERMANENT AFFORDABLE RENTAL HOMES CREATED OR PRESERVED IN MINNESOTA, INCLUDING INCREASING OCCUPANCY AT THE RECENTLY INAUGURATED STRYKER SENIOR HOUSING FROM 40% TO 96% FAMILY ASSETS FOR INDEPENDENCE IN MINNESOTA (FAIM): SUPPORTED 10 PARTICIPANTS, WITH FOUR ACHIEVING ASSET GOALS DURING THE FISCAL YEAR, RESULTING IN $48,000 IN MATCHED SAVINGS, INCLUDING 2 VEHICLE PURCHASES, 4 HOME PURCHASES, 3 SMALL BUSINESS LAUNCHES, AND 1 INVESTMENT IN HIGHER EDUCATION CREDIT BUILDER LOANS: 57 LOANS ORIGINATED TOTALING $9,600, SUPPORTING CREDIT ACCESS AND REPAIR HOME IMPROVEMENT AND DOWN PAYMENT ASSISTANCE: NEDA AWARDED TWO HOME IMPROVEMENT LOANS TOTALING $40,860, SIX REVOLVING FORGIVABLE LOANS, ONE MHFA LOAN TOTALING $13,000, AND $65,000 IN FORGIVABLE DOWN PAYMENT ASSISTANCE LOANS TO HOUSEHOLDS FOR CRITICAL IMPROVEMENTS.THESE TARGETED INVESTMENTS PRESERVED AFFORDABILITY, STRENGTHENED NEIGHBORHOOD STABILITY, ENHANCED COMMERCIAL CORRIDORS, AND SUPPORTED PROPERTY OWNERS AND SMALL BUSINESS OWNERSMANY OF WHOM ARE PEOPLE OF COLORCONTRIBUTING TO A MORE RESILIENT AND INCLUSIVE LOCAL ECONOMY.COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) IMPACTSINCE BECOMING A CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) IN 2018, NEDA CENTRO HAS EXPANDED ACCESS TO CAPITAL FOR UNDERSERVED COMMUNITIES. IN 2024, NEDA SECURED AN ADDITIONAL $300,000 FROM THE U.S. DEPARTMENT OF THE TREASURY, ENABLING A 140% INCREASE IN TECHNICAL ASSISTANCE GRANTS AWARDED. NEDA SERVES RENTERS, HOMEOWNERS, AND SMALL BUSINESS OWNERS OF COLOR AT RATES EXCEEDING PRIVATE MARKET REACH, ADVANCING EQUITABLE LENDING, FINANCIAL INCLUSION, AND PROTECTIONS AGAINST PREDATORY PRACTICES.ASSESSING COMMUNITY NEEDSNEDA SERVES COMMUNITIES EXPERIENCING PERSISTENT RACIAL AND ECONOMIC INEQUITIES. OF THE HOUSEHOLDS RECEIVING RENTAL OR HOMEOWNERSHIP SERVICES, 92% IDENTIFY AS HOUSEHOLDS OF COLOR, AND 19% ARE SEVERELY HOUSING COST-BURDENED, SPENDING 30% OR MORE OF HOUSEHOLD INCOME ON HOUSING. MANY PARTICIPANTS ARE FIRST-GENERATION HOMEBUYERS, CREDIT-INVISIBLE, OR LACK ACCESS TO FINANCIAL EDUCATION, UNDERSCORING THE NEED FOR TAILORED, CULTURALLY RESPONSIVE SERVICES THAT PROMOTE LONG-TERM FINANCIAL STABILITY AND GENERATIONAL WEALTH CREATION.PUBLIC POLICY ENGAGEMENT ON HOUSING JUSTICENEDA COLLABORATES WITH MEMBERS AND COALITION PARTNERS TO ADVANCE EQUITABLE HOUSING AND FINANCIAL POLICIES AT THE LOCAL, STATE, AND NATIONAL LEVELS. DURING THE REPORTING PERIOD, NEDA PARTNERED WITH LOCAL COALITIONS TO SUPPORT INCLUSIVE HOUSING PRESERVATION AND DEVELOPMENT POLICIES THAT INCREASE THE SUPPLY OF AFFORDABLE, ENTRY-LEVEL HOMES FOR LOW- AND MODERATE-INCOME HOUSEHOLDS.COMMUNITY ENGAGEMENT AND OUTREACHIN FY24-25, NEDA ENGAGED MORE THAN 700 INDIVIDUALS THROUGH IN-PERSON AND VIRTUAL OUTREACH, DEDICATING OVER 115 HOURS TO COMMUNITY EDUCATION, PREPARATION, AND TRAVEL. OUTREACH ACTIVITIES INCLUDED COMMUNITY RESOURCE FAIRS, PARTNERSHIPS WITH FINANCIAL INSTITUTIONS AND REALTORS, MEDIA APPEARANCES, AND ENGAGEMENT WITH COMMUNITY ORGANIZATIONS AND ELECTED OFFICIALS.HIGHLIGHTS INCLUDE: COMMUNITY RESOURCE FAIRS AND EVENTS: REACHED OVER 375 INDIVIDUALS AT EVENTS SUCH AS BACK-TO-SCHOOL RESOURCE FAIR, RISEN CHRIST RESOURCE FAIR, FIESTA COMUNITARIA Y DE BIENESTAR, AND OTHERS. MEDIA ENGAGEMENT: PARTICIPATION IN RADIO SHOWS AND PODCASTS TO PROVIDE EDUCATION ON HOMESTRETCH AND CREDIT COUNSELING. STAKEHOLDER COLLABORATION: ENGAGEMENT WITH ELECTED OFFICIALS, CONSULAR REPRESENTATIVES, AND COMMUNITY BANKING PARTNERS TO STRENGTHEN PARTNERSHIPS AND EXPAND ACCESS TO FAIR HOUSING RESOURCES. TARGETED EDUCATION: OUTREACH ADDRESSED PREDATORY LENDING, DISCRIMINATION, AND TENANT AND HOMEOWNER RIGHTS, EMPOWERING PARTICIPANTS TO PROTECT HOUSING AND FINANCIAL STABILITY.NEDA ALSO STRENGTHENED PARTNERSHIPS WITH LUTHERAN SOCIAL SERVICE OF MINNESOTA AND ESPERANZA UNITED TO PROVIDE TRAUMA-INFORMED FINANCIAL AND HOUSING SUPPORT AND CONTINUED ITS "KNOW YOUR RIGHTS" MEDIA CAMPAIGN FOCUSED ON PROTECTIONS FOR IMMIGRANTS AND FAMILIES OF COLOR.COMMUNITY EVENTS AND SUPPORT NETWORKSNEDA PARTNERED WITH RAICES SAGRADAS COMMUNITY MENTAL HEALTH TO HOST A DIA DE LOS MUERTOS CELEBRATION SERVING OVER 75 COMMUNITY MEMBERS AND SUPPORTED LEADERSHIP AND FINANCIAL LITERACY PROGRAMMING WITH NEIGHBORHOOD HOUSE AND CONSULMEX SAINT PAUL. THESE EFFORTS EMPHASIZED COMMUNITY CONNECTION, CULTURAL AFFIRMATION, AND COLLECTIVE EMPOWERMENT.AWARDS AND RECOGNITIONIN 2025, NEDA RECEIVED THE FOLLOWING HONORS:1. MISSION ANTI-RACISM AWARD, MINNESOTA COUNCIL OF NONPROFITS2. NONPROFIT OF THE YEAR, MINNESOTA LATINO CHAMBER OF COMMERCETHESE RECOGNITIONS REFLECT THE EFFECTIVENESS OF NEDA'S PROGRAMS, THE DEDICATION OF ITS STAFF, AND THE ORGANIZATION'S NEARLY 40-YEAR COMMITMENT TO ADVANCING HOUSING STABILITY, FINANCIAL EMPOWERMENT, AND EQUITY FOR FAMILIES OF COLOR.
  Expenses $862,205 · grants $65,000 · revenue $18,976
• REAL ESTATE DEVELOPMENT AND HOUSING PRESERVATIONCREATING STABILITY. PRESERVING AFFORDABILITY. INVESTING IN COMMUNITY.NEDA ADVANCES EQUITABLE DEVELOPMENT BY CONSTRUCTING, REHABILITATING, AND MANAGING AFFORDABLE HOUSING FOR FAMILIES AND SENIORS. SINCE 1990, NEDA HAS DEVELOPED OR PRESERVED 200+ AFFORDABLE HOMES, LEVERAGING $55 MILLION IN PUBLIC FUNDING.CURRENT PORTFOLIO HIGHLIGHTS:* VILLA DEL SOL (40 UNITS): DEEPLY AFFORDABLE FAMILY HOUSING IN A CULTURAL CORRIDOR.* BLUFF HOMES (73 UNITS): SCATTERED-SITE TOWNHOMES FOR WOKRING FAMILIES. * STRYKER SENIOR HOUSING (57 UNITS): AFFORDABLE SENIOR HOUSING WITH 75% OF UNITS BELOW 30% AMI.* THE TERRACES (35 UNITS): TWO DEVELOPMENTS PROVIDING PERMANENT HOUSING FOR FAMILIES UNDER 50% AMI.* WABASHA CENTER: NEDA'S HEADQUARTERS AND A CULTURALLY ROOTED EARLY LEARNING CENTER SERVING 75+ SOMALI FAMILIES.STRYKER SENIOR HOUSING ACHIEVED 90% OCCUPANCY DURING THE SUMMER OF 2025 WHICH WAS CELEBRATED WITH A RE-OPENING CEREMONY.
  Expenses $1,752,917 · revenue $859,368

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 June, so each return is due on the 15th day of the 5th month after that.

IRS record

EIN

41-1658636

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

1994

Accounting year ends

June

Files

Form 990 or 990-EZ

Category (NTEE)

Community improvement and capacity building (S200)

Assets (IRS master file)

$17,736,717

Income (IRS master file)

$1,788,211

Filing history

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 41-1658636).

Questions about NEIGHBORHOOD DEVELOPMENT ALLIANCE INC

What is the EIN of NEIGHBORHOOD DEVELOPMENT ALLIANCE INC?

The employer identification number (EIN) of NEIGHBORHOOD DEVELOPMENT ALLIANCE INC is 41-1658636.

Is NEIGHBORHOOD DEVELOPMENT ALLIANCE INC tax-exempt?

Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.

Are donations to NEIGHBORHOOD DEVELOPMENT ALLIANCE INC tax-deductible?

Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).

Which annual return does NEIGHBORHOOD DEVELOPMENT ALLIANCE 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 NEIGHBORHOOD DEVELOPMENT ALLIANCE INC 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 DEVELOPMENT ALLIANCE INC last file with the IRS?

The latest return in the IRS public files is the 990 for the year ended June 2025.

Who is the principal officer of NEIGHBORHOOD DEVELOPMENT ALLIANCE INC?

The 990 for the year ended June 30, 2025 names MARIA STEFFEL.

Who are the officers and directors of NEIGHBORHOOD DEVELOPMENT ALLIANCE INC?

The 990 for the year ended June 30, 2025 lists 7 people; 2 received compensation from the organization, the highest $55,000 (MARIA STEFFEL, EXECUTIVE DIRECTOR).

How much revenue does NEIGHBORHOOD DEVELOPMENT ALLIANCE INC have?

On its 990 for the year ended June 30, 2025 it reported revenue of $1,788,211, expenses of $2,870,761 and total assets of $17,736,717 at year end.

Other nonprofits in SAINT PAUL

• SAINT PAUL RIVERCENTRE CONVENTION AND VISITORS AUTHORITY
  EIN 20-3338905 · last filed 990 for 2024
• BEACON INTERFAITH HOUSING COLLABORATIVE
  EIN 41-1953599 · last filed 990 for 2025
• MINNESOTA HOSPITAL ASSOCIATION
  EIN 41-0637595 · last filed 990 for 2024
• NEIGHBORHOOD HOUSE
  EIN 41-0693916 · last filed 990 for 2025
• MINNEAPOLIS - ST PAUL REGIONAL ECONOMIC DEVELOPMENT PARTNERSHIP
  EIN 27-4026636 · last filed 990 for 2024
• AMERICA INDIAN FAMILY CENTER
  EIN 41-1841352 · last filed 990 for 2025
• ENERGY CENTS COMMIT ENERGY NOW TO SURVIVE
  EIN 41-1809461 · last filed 990 for 2025
• WOMEN VENTURE
  EIN 41-1463426 · last filed 990 for 2025

All nonprofits in SAINT PAUL · Minnesota · Community improvement and capacity building