Neighborhood Development Center (NDC) is a nonprofit community development financial institution (CDFI) based in Saint Paul, Minnesota. Founded in 1993, NDC strengthens neighborhood economies by empowering low-income entrepreneurs and communities through financing programs, business training, technical assistance, and real estate development initiatives. The organization focuses on the highest-need neighborhoods of Saint Paul and Minneapolis, particularly those with the highest poverty rates and populations of color.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$43.2M
+1.4% YoY
Annual Giving
$2.4M
+428.9% YoY
Grant Count
108
+350.0% YoY
Avg Grant Size
$22K
+17.5% YoY
Mission & Focus Areas
NDC's mission centers on empowering entrepreneurs and community partners to revitalize their neighborhood economies from within. The organization believes in the power, drive, and daring of local entrepreneurs to transform their lives and revitalize their neighborhoods.
Primary program areas include:
- Technical Assistance Program – Supports the growth of new and existing businesses through business services and coaching
- Lending and Financing Programs – Provides funds to startup and existing businesses, including a $10 million revolving loan fund and islamically acceptable financing options
- Real Estate Development Initiative – Encourages neighborhood revitalization, property ownership, and business ownership by transforming vacant or abandoned buildings into stable, affordable commercial spaces
- Business Training – Offers entrepreneur training and business development services
Grantmaking
NDC functions primarily as a lender and service provider rather than a traditional grant-making foundation. However, the organization does provide grant funding:
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Geographic Focus
Where this funder awards grants
NDC operates primarily in Saint Paul and Minneapolis, with emphasis on the highest-need neighborhoods. The organization specifically targets low-income communities with the highest poverty rates, particularly those serving communities of color.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $43,224,139
- Total Revenue: $14,198,019
- Total Expenses: $11,999,558
- Total Giving: $2,892,786
- Number of Employees: 61
As of 2023:
- Total Assets: $42,600,000
- Total Revenue: $10,200,000
- Total Expenses: $7,570,000
- Total Liabilities: $23,600,000
Organizational Rating:
- Charity Navigator Four-Star Rating (94%)
- 501(c)(3) tax-exempt status since May 1993
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $43,224,139 | $42,614,419 | $39,676,153 |
| Revenue | $14,198,019 | $10,163,231 | $11,058,060 |
| Expenses | $11,999,558 | $7,569,563 | $11,928,537 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $436,965 | $218,361 | $9,778 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
224 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Mihailo Temali – Founder and key figure in NDC's establishment. In the mid-1980s, Temali served as Executive Director of North End Area Revitalization Inc. (NEAR) and later shifted focus to develop the concept that became NDC. A son of immigrants from Yugoslavia and Denmark, Temali grew up on Saint Paul's East Side and was energized by a passion for neighborhood revitalization.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JON BORDEN | BOARD MEMBER | 1 | — |
| LACHELLE CUNNINGHAM | CHAIR | 1 | — |
| MIKE GOZE | BOARD MEMBER | 1 | — |
| ANDREA MARDOCK | BOARD MEMBER | 1 | — |
| KAREN GRIES | TREASURER | 1 | — |
| JULIET MITCHELL | BOARD MEMBER | 1 | — |
| WILLIAM SANDS | BOARD MEMBER | 1 | — |
| ERIK SPLETT | BOARD MEMBER | 1 | — |
| ANTHONY ROBINSON | BOARD MEMBER | 1 | — |
| GEBI TUFAA | BOARD MEMBER | 1 | — |
| NOYA WOODRICH | SECRETARY | 1 | — |
| JASMINE VASQUEZ | BOARD MEMBER | 1 | — |
| RENAY DOSSMAN | PRESIDENT AND CHIEF EXECUTIVE OFFICER | 40 | $237,693 |
| PERLA MAYO | SENIOR DIRECTOR OF LENDING | 40 | $102,857 |
| TAMMIE NASSEFF | CHIEF FINANCIAL OFFICER | 40 | $143,440 |
| BEN JOHNSON | VICE PRESIDENT, REAL ESTATE AND DEVELOPMENT | 40 | $140,169 |
| ELISA PLUHAR | CHIEF INNOVATION AND STRATEGY OFFICER | 40 | $112,736 |
| SHAHIR ADMED-RIDDLE | VICE PRESIDENT, BUSINESS SERVICES | 40 | $125,767 |
Recent News & Activity
Recent developments and announcements
NDC has received recognition and support for its work, including major project funding and partnership opportunities. The organization launched a "Restart Your Business" Loan Fund in partnership with Venn Foundation to assist entrepreneurs following the COVID-19 pandemic and civil unrest in 2020, with matching dollar-for-dollar funding from other sources.
NDC Receives Major Project Funding from NEA | The Neighborhood Design CenterContact Information
Address: 625 University Avenue, Saint Paul, Minnesota 55104
Phone: 651-291-2480
Website: www.ndc-mn.org
Office Drop-In Hours:
- Tuesdays: 10:00 AM – 3:00 PM
- Wednesdays: 11:00 AM – 3:00 PM
- Thursdays: 10:00 AM – 3:00 PM
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Donald and Luella Zibell Family Foundation
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Assets
—
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Total Given
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Minnesota Citizens Concerned
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Assets
$745K
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Total Given
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Clearway Minnesota (sm)
MINNEAPOLIS, MN
Assets
—
Grants
6
Total Given
$442K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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