Neighborhood Development Trust

SCRANTON, PA EIN: 23-2036018

Community Improvement & Capacity Building

Neighborhood Development Trust is a private foundation focused on Community Improvement & Capacity Building, based in SCRANTON, PA. IRS filing data is available from 2020 through 2023. In 2023, it awarded 1 grants totaling $390K. Net investment income was $8K.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$390K

+967.8% YoY

Grant Count

-75.0% YoY

Avg Grant Size

$390K

+4171.4% YoY

Under IRS private-foundation payout rules, Neighborhood Development Trust reported a distributable amount of $6K for 2023 — the minimum it must pay out in qualifying distributions.

About Neighborhood Development Trust

Based on IRS filings

Focus Areas

Community Improvement & Capacity Building

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Pennsylvania $477K (100%)

States

Pennsylvania

Cities

Scranton

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2023	2022	2021
Total Assets	—	$474,571	$482,258
Revenue	$14,375	$36,115	$13,784
Expenses	$416,564	$43,802	$31,122
Qualifying Distributions	$389,764	$36,515	$24,617
Net Investment Income	$8,405	$10,941	$5,485
Distributable Amount	$5,768	$22,122	$25,289

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2023

Grant Size Distribution

11 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2023 grants, the largest include Scranton Area Foundation ($389,764).

Recipient	Purpose	Amount
SCRANTON AREA FOUNDATION SCRANTON, PA	TO ESTABLISH THE NEIGHBORHOOD DEVELOPMENT TRUST FUND, A DONOR ADVISED FUND, WITH THE SCRANTON AREA COMMUNITY FOUNDATION TO CARRY OUT THE INITIATIVES SET FORTH IN THE PRIVATE FOUNDATION.	$389,764

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

From 2023 filing

Name	Title	Hours	Compensation
SONDRA MYERS	CO-TRUSTEE	1	—
ROBERT F DURKIN	CO-TRUSTEE	1	—
PHILIP P CONDRON	CO-TRUSTEE	1	—
DAVID HAWK	CO-TRUSTEE	1	—
MATTHEW HAGGERTY	CO-TRUSTEE	1	—
PNC BANK RESIGNED APRIL 5 2023	CO-TRUSTEE	1	$6,084

Subject Areas

Focus areas based on grantmaking activity

Community Improvement & Capacity Building

Frequently Asked Questions

What is Neighborhood Development Trust?

Neighborhood Development Trust is a private foundation focused on Community Improvement & Capacity Building, based in SCRANTON, PA. It holds — in total assets as of 2023.

Where does Neighborhood Development Trust operate?

Neighborhood Development Trust has awarded grants in Pennsylvania.

What size grants does Neighborhood Development Trust award?

In 2023, Neighborhood Development Trust awarded 1 grants totaling $390K — an average of about $390K per grant, based on its IRS Form 990 filings.

How much is Neighborhood Development Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2023, Neighborhood Development Trust reported a distributable amount of $6K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Neighborhood Development Trust's EIN?

Neighborhood Development Trust's EIN (Employer Identification Number) is 23-2036018. IRS Form 990 filing data is available on this page for 2020–2023.