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The Neighborhood Developers Inc

Foundation · Grantmaker Chelsea, MA EIN: 04-2660283 Website

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

Key facts about The Neighborhood Developers Inc

EIN
04-2660283
Latest 990 filing
Form 990-PF, 2024
Total assets
$43,371,059

Data from IRS Form 990-PF, 2024; updated September 2026.

How The Neighborhood Developers Inc gives

  • Giving fell 21% from 2020 to 2023. Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with The Neighborhood Developers Inc

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$43.4M

+24.3% YoY

Revenue

$11.5M

+38.9% YoY

Net Investment Income

$859K

-147.3% YoY

Expenses

$8.9M

+3.3% YoY

About The Neighborhood Developers Inc

Based on IRS filings

The Neighborhood Developers Inc is a nonprofit organization focused on Housing & Shelter, based in Chelsea, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $43.4M in total assets. Net investment income was $859K.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Cities

BostonChelseaRevereTroy

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$3M$6M$10M$13M20202021202220232024
Metric202420232022
Total Assets$43,371,059$34,897,155$36,512,492
Revenue$11,543,347$8,309,577$9,918,440
Expenses$8,949,973$8,665,749$9,032,159
Qualifying Distributions———
Net Investment Income$858,600$-1,814,400$324,000
Distributable Amount———

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

$0$106K$212K$318K$424K6 grants20206 grants20219 grants20225 grants20230 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 0 recipients in 2024

Grant Size Distribution

26 grants across all recorded years

14<$50K11$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

Rafael Mares — Executive Director: $247KRafael MaresExecutive Director$247KSteven Laferriere — Director of Re Development: $165KSteven LaferriereDirector of Re Development$165KCassandra Jean Witthaus — Senior Project Manager: $125KCassandra Jean WitthausSenior Project Manager$125KMarilyn Salgado — Director of Resident Services: $114KMarilyn SalgadoDirector of Resident Services$114KSean K Mock — Project Manager: $91KSean K MockProject Manager$91K

From 2024 IRS filing

NameTitleHoursCompensation
Orlando JaquezDirector1—
Guadalupe PanamenoDirector1—
Mina JlilDirector1—
Kristen JanjarDirector1—
Peter HollandsDirector1—
Sean K MockProject Manager40$91,033
Kavish GhandiDirector1—
Rafael MaresExecutive Director40$247,473
Sandy MaynardSecretary1—
Faye DookharanPresident1—
Dakeya ChristmasVice President1—
Charlene BauerTreasurer1—
Steven LaferriereDirector of Re Development40$165,263
Cassandra Jean WitthausSenior Project Manager40$125,065
Marilyn SalgadoDirector of Resident Services40$114,174

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is The Neighborhood Developers Inc?

The Neighborhood Developers Inc is a nonprofit organization focused on Housing & Shelter, based in Chelsea, MA. It holds $43.4M in total assets as of 2024.

How large is The Neighborhood Developers Inc?

As of 2024, The Neighborhood Developers Inc holds $43.4M in total assets with $11.5M in annual revenue.

Where does The Neighborhood Developers Inc operate?

The Neighborhood Developers Inc has awarded grants in Massachusetts, Michigan.

What is The Neighborhood Developers Inc's EIN?

The Neighborhood Developers Inc's EIN (Employer Identification Number) is 04-2660283. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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