Nonprofit · EIN 64-0894608
NEIGHBORHOOD DEVELOPMENT CORPORATION
Tax-exempt · TUPELO, MS 38802
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $212,173 | $37,247 | $174,926 | $1,482,934 | $0 | $1,482,934 |
| December 31, 2024 | 990 | $359,424 | $20,171 | $339,253 | $1,308,008 | $0 | $1,308,008 |
| December 31, 2023 | 990 | -$46,120 | $19,771 | -$65,891 | $968,755 | $0 | $968,755 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $275,000
- Program service revenue
- $0
- Investment income
- -$62,827
- Net gain from sales of assets
- -$62,912
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $10,921
- Program services (functional)
- $21,403
- Management and general (functional)
- $6,659
- Fundraising (functional)
- $9,185
Balance sheet and other
- Total assets, start of year
- $1,308,008
- Total assets, end of year
- $1,482,934
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,482,934
- Land, buildings and equipment
- $14,400
- Net assets without donor restrictions
- $1,482,934
- Gross receipts
- $429,733
- Employees
- 0
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD E ALVAREZ | TREASURER Trustee or director | – | $0 |
| ANDY BURLESON | DIRECTOR Trustee or director | – | $0 |
| TERRY CLAY | DIRECTOR Trustee or director | – | $0 |
| LARRY COGGIN | DIRECTOR Trustee or director | – | $0 |
| LEVETTA CONLEY | DIRECTOR Trustee or director | – | $0 |
| PAT FALKNER | SECRETARY Trustee or director, Officer | – | $0 |
| STEPHEN FLYNN | DIRECTOR Trustee or director | – | $0 |
| RANDY HARRIS | DIRECTOR Trustee or director | – | $0 |
| LOUIS C MARASCALCO III | DIRECTOR Trustee or director | – | $0 |
| JEFF KING | DIRECTOR Trustee or director | – | $0 |
| DUKE LODEN | PRESIDENT Trustee or director, Officer | – | $0 |
| MENDY LOVERN | DIRECTOR Trustee or director | – | $0 |
| CARTER NAUGHER | DIRECTOR Trustee or director | – | $0 |
| CHRIS ROGERS | VICE PRESIDE Trustee or director, Officer | – | $0 |
| KETRA RUFF | DIRECTOR Trustee or director | – | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRIDGETTE SHELLY | DIRECTOR Trustee or director | – | $0 |
| ELLEN SHORT | DIRECTOR Trustee or director | – | $0 |
| SUMMER SMITH | DIRECTOR Trustee or director | – | $0 |
| LENEA WALDMAN | DIRECTOR Trustee or director | – | $0 |
990 for the year ended December 31, 2024: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD E ALVAREZ | TREASURER Trustee or director | 1 | $0 |
| TERRY CLAY | DIRECTOR Trustee or director | 1 | $0 |
| LARRY COGGIN | DIRECTOR Trustee or director | 1 | $0 |
| LEVETTA CONLEY | DIRECTOR Trustee or director | 1 | $0 |
| PAT FALKNER | DIRECTOR Trustee or director | 1 | $0 |
| STEPHEN FLYNN | DIRECTOR Trustee or director | 1 | $0 |
| LOUIS C MARASCALCO III | DIRECTOR Trustee or director | 1 | $0 |
| JEFF KING | DIRECTOR Trustee or director | 1 | $0 |
| DUKE LODEN | PRESIDENT Trustee or director, Officer | 1 | $0 |
| MENDY LOVERN | DIRECTOR Trustee or director | 1 | $0 |
| CARTER NAUGHER | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS ROGERS | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| KETRA RUFF | DIRECTOR Trustee or director | 1 | $0 |
| BRIDGETTE SHELLY | DIRECTOR Trustee or director | 1 | $0 |
| ELLEN SHORT | DIRECTOR Trustee or director | 1 | $0 |
| SUMMER SMITH | DIRECTOR Trustee or director | 1 | $0 |
| RANDY TAYLOR | SECRETARY Trustee or director, Officer | 1 | $0 |
| LENEA WALDMAN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD E ALVAREZ | TREASURER Trustee or director | – | $0 |
| LARRY COGGIN | DIRECTOR Trustee or director | – | $0 |
| TRACI DAVIS | DIRECTOR Trustee or director | – | $0 |
| PAT FALKNER | DIRECTOR Trustee or director | – | $0 |
| LOUIS C MARASCALCO III | DIRECTOR Trustee or director | – | $0 |
| JEFF KING | DIRECTOR Trustee or director | – | $0 |
| DUKE LODEN | PRESIDENT Trustee or director, Officer | – | $0 |
| MENDY LOVERN | DIRECTOR Trustee or director | – | $0 |
| CHARL MCCLOUD | DIRECTOR Trustee or director | – | $0 |
| CARTER NAUGHER | DIRECTOR Trustee or director | – | $0 |
| CHRIS ROGERS | VICE PRESIDE Trustee or director, Officer | – | $0 |
| KETRA RUFF | DIRECTOR Trustee or director | – | $0 |
| ELLEN SHORT | DIRECTOR Trustee or director | – | $0 |
| SUMMER SMITH | DIRECTOR Trustee or director | – | $0 |
| GEORGE TAYLOR | DIRECTOR Trustee or director | – | $0 |
| RANDY TAYLOR | SECRETARY Trustee or director, Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 782, TUPELO, MS 38802-0782
- Principal officer (990 for 2025)
- RICHARD E ALVAREZ, PO BOX 782, 337 EAST MAIN ST SUITE B, TUPELO, MS 38804
- Signed the 990
- RICHARD E ALVAREZ, TREASURER
- Phone
- (662) 840-9340
- Return prepared by
- NAIL MCKINNEY PROFESSIONAL ASSOCIATION
Mission
NEIGHBORHOOD DEVELOPMENT CORPORATION (NDC) IS A NON-PROFIT, TAX EXEMPT, HOUSING ORGANIZATION CREATED TO PROMOTE THE REDEVELOPMENT OF DETERIORATING NEIGHBORHOODS IN TUPELO AND THROUGHOUT LEE COUNTY, FOCUSING ON EDUCATION, ASSISTANCE, AND REVITALIZATION. NDCS PROGRAMS AND SERVICES ARE CHANGING LIVES AND NEIGHBORHOODS, DEVELOPING RESIDENTIAL LEADERSHIP, INCREASING HOME OWNERSHIP FOR LOW AND MODERATE INCOME FAMILIES, AND BUILDING COMMUNITY. GOVERNED BY A LOCAL BOARD OF DIRECTORS, NDC IS PARTNERING WITH LOCAL, STATE, AND NATIONAL AGENCIES AND ORGANIZATIONS, AS WELL AS PRIVATE DEVELOPERS, TO PROMOTE REDEVELOPMENT EFFORTS IN NEIGHBORHOODS.
Program accomplishments
- THE ORGANIZATION PARTICIPATES IN A VARIETY OF NEIGHBORHOOD REVITALIZATION EFFORTS. IN ADDITION TO THE FOREGOING, THE CITY OF TUPELO NAMED THE ORGANIZATION AS GRANTEE IN THE NEIGHBORHOOD REVITALIZATION PROJECT ON WEST JACKSON STREET IN TUPELO, MISSISSIPPI AND THE ORGANIZATION ACQUIRED AND DEMOLISHED DISTRESSED PROPERTIES AND IS SELLING, AT LOW COST, THE CLEARED LOTS TO LOCAL DEVELOPERS TO CONSTRUCT LOW AND MODERATE INCOME PROPERTIES IN THESE AREAS. IN ADDITION, THE ORGANIZATION IS ALSO CONSTRUCTING HOUSING ON REAL ESTATE OWNED BY THE ORGANIZATION FOR THAT SAME PURPOSE. THE ORGANIZATION IS AGAIN PARTNERING WITH THE CITY THROUGH THE LOCAL COMMUNITY DEVELOPMENT FOUNDATION TO REPEAT THOSE EFFORTS IN ANOTHER LOCATION WITHIN THE CITY.Expenses $21,403
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 | 990 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
- 64-0894608
- 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
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $1,482,934
- Income (IRS master file)
- $429,733
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $212,173 | $37,247 | $1,482,934 | IRS |
| 990 | December 2024 | $359,424 | $20,171 | $1,308,008 | IRS |
| 990 | December 2023 | -$46,120 | $19,771 | $968,755 | XML |
| 990 | December 2022 | -$8,635 | $399,488 | $1,034,646 | IRS |
| 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 64-0894608).
Questions about NEIGHBORHOOD DEVELOPMENT CORPORATION
- What is the EIN of NEIGHBORHOOD DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of NEIGHBORHOOD DEVELOPMENT CORPORATION is 64-0894608.
- Is NEIGHBORHOOD DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to NEIGHBORHOOD DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEIGHBORHOOD DEVELOPMENT CORPORATION 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 CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEIGHBORHOOD DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of NEIGHBORHOOD DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names RICHARD E ALVAREZ.
- Who are the officers and directors of NEIGHBORHOOD DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 19 people; 0 received compensation from the organization.
- How much revenue does NEIGHBORHOOD DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $212,173, expenses of $37,247 and total assets of $1,482,934 at year end.
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