NEIGHBORHOOD FINANCE CORPORATION

DES MOINES, IA | Polk County
Revitalization/Stabilization
NEIGHBORHOOD FINANCE CORPORATION
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As of , this nonprofit no longer meets findCRA's qualification requirements and will no longer appear in CQ search results.

Reason for disqualification:

Overview

NEIGHBORHOOD FINANCE CORPORATION
42-1353472
1912 6TH AVE
DES MOINES, IA 50314
Polk County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Revitalization/Stabilization
Nonprofit location info
  • LMI Census Tract
  • Majority Minority Census Tract
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
L22

L - Housing, Shelter

Senior Citizens Housing & Retirement Communities

Residential options exclusively for older adults who want to have a simpler, maintenance-free lifestyle and enjoy the company of peers with common interests, or who require a moderate amount of support in the activities of daily living to maintain independent living.

IRS Activity Codes info
381
Low and moderate income housing
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
623312
Assisted Living Facilities for the Elderly

CRA Alignment

CRA Category info
Revitalization/Stabilization
Community and economic development in distressed, underserved or disadvantaged areas.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
9/17/2013
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
YearAmountProgramAwardee Name
2013 $847,000 CDFI Financial Assistance open_in_new Neighborhood Finance Corporation
2014 $2,000,000 CDFI Financial Assistance open_in_new Neighborhood Finance Corporation
2015 $2,000,000 CDFI Financial Assistance open_in_new Neighborhood Finance Corporation
2018 $700,000 CDFI Financial Assistance open_in_new Neighborhood Finance Corporation
2021 $1,278,385 CDFI Rapid Response Program (COVID-19) open_in_new Neighborhood Finance Corporation

Includes CDFI Fund awards granted between January 2013 and December 2023

HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$9M
Revenue
$9M
Assets
$90.7M

IRS Business Master File Details info

As of Oct 2023
Exempt Ruling Date info
1990-05
Deductibility Status info
Deductible
Last Tax Filing info
2021
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)

IRS Publication 78 Details info

As of Nov 2023
Verified in Publication 78 info
Yes
Deductibility Limitation info
50% (60% for cash contributions)
Organization Description info
A public charity

IRS Form 990 Returns info

Through August 2023
Tax period ending in
2021-12
E-File
990
XML
990
Tax period ending in
2020-12
E-File
990
XML
990
Tax period ending in
2019-12
PDF
990
Tax period ending in
2018-12
PDF
990
PDF
990-T
E-File
990
XML
990
Tax period ending in
2017-12
PDF
990
E-File
990
XML
990
Tax period ending in
2016-12
PDF
990
E-File
990
XML
990

Nonprofit Location

Physical Address info
1912 6TH AVE
DES MOINES, IA 50314
Polk County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
19780
MSA/MD info
19
State info
153
County info
0050.00
Tract info
Low
Income Level info
Core-Based Statistical Area info
19780 - Des Moines-West Des Moines, IA
Combined Statistical Area info
218 - Des Moines-Ames-West Des Moines, IA
Metropolitan Division info
Not located in an MD.
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 76.73%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
0050.00 Polk County
Population
Total Population 3,717 488,871
Total Households 1,097 195,263
Income
Median Family Income (Census*) $24,015 $73,015
Median Family Income (2022 FFIEC est.) $98,100 $98,100
Tract Income Percentage 26.82% N/A
Below Poverty Level 53.4% 10.1%
Unemployment Level 21.8% 4.4%
Housing
Total Housing Units 1,273 207,688
Total Owner-Occupied Units 36.8% 66.9%
Total Renter-Occupied Units 49.4% 33.1%
Total Vacant Units 13.8% 6.8%
* Census tract income based on 2020 Census estimated data; County income based on 2021 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

15
Total Voting Members
in Governing Body info
13
Independent Voting Members
in Governing Body info
Tax Filing Signatory info
Stephanie Murphy
(515) 246-0010
Principal Officer info
Stephanie Murphy
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
Organization Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Information in this section is extracted from the nonprofit's e-filed tax return and based on answers provided by the nonprofit in their 990 e-filed for the tax period ending on 2021-12.

A hyphen (“-“) in this section indicates that the information was not required by the IRS or not reported by the nonprofit in its tax return e-filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit help.findcra.com.