2026-01-19T21:00:24-06:00 2025-06-30 411647057 MAHONEY ULBRICH CHRISTIANSEN & RUSS PA 10 RIVER PARK PLAZA SUITE 800 SAINT PAUL MN 55107 990 2024-07-01 411658636 NEIGHBORHOOD DEVELOPMENT ALLIANCE INC NEIG 6512920131 481 SOUTH WABASHA SAINT PAUL MN 55107 MARIA STEFFEL EXECUTIVE DIRECTOR 6512920131 2026-01-13 1 0 MARC A KOTSONAS P00544551 6512276695 2026-01-13 2024 2025-03-06 01:10:19Z MARIA STEFFEL 481 SOUTH WABASHA SAINT PAUL MN 55107 1788211 0 X WWW.NEDAHOME.ORG X 1989 MN NEDA IS A NONPROFIT COMMUNITY DEVELOPMENT CORPORATION WHOSE MISSION IS TO BUILD AFFORDABLE HOUSING AND EMPOWER COMMUNITIES TO CREATE SUSTAINABLITY THROUGH FINANCIAL EDUCATION AND GUIDANCE. 5 5 9 36 0 0 1292629 846565 1714123 878344 38784 63302 0 0 3045536 1788211 0 65000 0 0 666367 671602 0 8835 23342 2080830 2125324 2747197 2870761 298339 -1082550 18239976 17736717 17740445 18319736 499531 -583019 X NEDA IS A NONPROFIT COMMUNITY DEVELOPMENT CORPORATION WHOSE MISSION IS TO STRENGTHEN THE VITALITY OF LOW-INCOME NEIGHBORHOODS WITHIN THE CITY OF ST. PAUL, BY CREATING AND PRESERVING HOUSING AND BUSINESS OPPORTUNITIES FOR RESIDENTS OF ALL INCOME LEVELS. NEDA HAS EXPANDED THAT MISSION TO SERVE THE 7-COUNTY METRO AREA - WITH A FOCUS IN MINNEAPOLIS AND ST. PAUL - IN REGARDS TO ITS HOMEOWNERSHIP COUNSELING AND FINANCIAL LITERACY PROGRAMS. 0 0 862205 65000 18976 HOUSING AND FINANCIAL EMPOWERMENT SERVICES:EMPOWERING FAMILIES. BUILDING FUTURES. STRENGTHENING COMMUNITIES.DURING FY24-25, NEIGHBORHOOD DEVELOPMENT ALLIANCE (NEDA) DELIVERED BILINGUAL (SPANISH/ENGLISH), CULTURALLY RELEVANT HOUSING AND FINANCIAL EMPOWERMENT SERVICES TO LOW- AND MODERATE-INCOME HOUSEHOLDS, PRIMARILY FAMILIES OF COLOR. AS A HUD-CERTIFIED HOUSING COUNSELING AGENCY ROOTED IN SAINT PAUL'S WEST SIDE, NEDA SUPPORTED FAMILIES IN NAVIGATING COMPLEX HOUSING AND FINANCIAL SYSTEMS WITH DIGNITY, CULTURAL RESPONSIVENESS, AND CONFIDENCE. THESE SERVICES ADVANCED HOUSING STABILITY, ASSET BUILDING, AND LONG-TERM ECONOMIC MOBILITY WHILE ADDRESSING SYSTEMIC BARRIERS TO HOMEOWNERSHIP.PROGRAM REACH AND SERVICE DELIVERYIN ALIGNMENT WITH NEDA'S MISSION TO CLOSE THE RACIAL HOMEOWNERSHIP GAP AND PROMOTE FINANCIAL EMPOWERMENT, THE ORGANIZATION RECORDED 874 CLIENT INTERACTIONS ACROSS INDIVIDUALIZED ADVISING AND GROUP EDUCATION DURING THE REPORTING PERIOD. SERVICES WERE TAILORED TO MEET THE NEEDS OF HISTORICALLY UNDERSERVED COMMUNITIES AND INCLUDED THE FOLLOWING: 1:1 HOMEBUYER ADVISING: 102 INDIVIDUALS RECEIVED PERSONALIZED GUIDANCE TO NAVIGATE THE HOMEBUYING PROCESS, BUILDING READINESS FOR SUSTAINABLE HOMEOWNERSHIP. HOMESTRETCH EDUCATION WORKSHOPS: 305 PARTICIPANTS COMPLETED GROUP EDUCATION COVERING FIRST-TIME HOMEBUYER REQUIREMENTS AND FINANCIAL PREPARATION. 1:1 FINANCIAL WELLNESS ADVISING: 102 CLIENTS ENGAGED IN INDIVIDUALIZED COACHING FOCUSED ON FINANCIAL STABILITY AND LONG-TERM WEALTH BUILDING. HOME MAINTENANCE ADVISING: 37 HOMEOWNERS RECEIVED EDUCATION ON PROPERTY MAINTENANCE TO PRESERVE HOUSING QUALITY AND ASSET VALUE. RENTAL TOPICS WORKSHOPS: 31 PARTICIPANTS ATTENDED WORKSHOPS ADDRESSING TENANT RIGHTS, RESPONSIBILITIES, AND PATHWAYS TO HOMEOWNERSHIP. FORECLOSURE ADVISING: 21 HOUSEHOLDS RECEIVED CRISIS INTERVENTION SERVICES TO PREVENT FORECLOSURE AND STABILIZE HOUSING. FINANCIAL MANAGEMENT AND BUDGET ADVISING: 58 CLIENTS STRENGTHENED BUDGETING AND MONEY MANAGEMENT SKILLS CRITICAL TO HOUSING STABILITY. FINANCIAL LITERACY EDUCATION: 64 PARTICIPANTS ATTENDED ADDITIONAL WORKSHOPS TO DEEPEN FINANCIAL KNOWLEDGE. REFINANCE ADVISING: 10 HOUSEHOLDS EXPLORED REFINANCING OPTIONS TO SECURE MORE AFFORDABLE MORTGAGE TERMS.FAIR HOUSING AND HOMEOWNERSHIP IMPACTNEDA PROVIDED COMPREHENSIVE HOMEOWNERSHIP COUNSELING AND SUPPORT TO 67 HOUSEHOLDS NAVIGATING RISING HOUSING COSTS, ELEVATED INTEREST RATES, AND LONGSTANDING STRUCTURAL BARRIERS TO HOMEOWNERSHIP. THROUGH CULTURALLY RESPONSIVE, HUD-CERTIFIED COACHING, THESE HOUSEHOLDS SUCCESSFULLY ACHIEVED FIRST-TIME HOMEOWNERSHIP.KEY OUTCOMES INCLUDE: 67 HOUSEHOLDS SUPPORTED INTO HOMEOWNERSHIP AVERAGE HOME PURCHASE PRICE: $269,000 AVERAGE CASH-TO-CLOSE: $20,340 PER HOUSEHOLD $18,053,289 IN TOTAL COMMUNITY INVESTMENT GENERATED THROUGH LOCAL HOME PURCHASESDESPITE AVERAGE INTEREST RATES OF APPROXIMATELY 6.764% DURING THE REPORTING PERIOD, PARTICIPATING HOUSEHOLDS SUCCESSFULLY COMPLETED HOME PURCHASES WITH NEDA'S GUIDANCE, CONTRIBUTING TO LONG-TERM HOUSING STABILITY AND ASSET BUILDING WITHIN THE COMMUNITY.ADDITIONAL FINANCIAL EMPOWERMENT AND ASSET-BUILDING OUTCOMES 7,528 HOURS OF TECHNICAL ASSISTANCE PROVIDED ACROSS HOUSING, FINANCIAL, AND SMALL BUSINESS SERVICES 200+ PERMANENT AFFORDABLE RENTAL HOMES CREATED OR PRESERVED IN MINNESOTA, INCLUDING INCREASING OCCUPANCY AT THE RECENTLY INAUGURATED STRYKER SENIOR HOUSING FROM 40% TO 96% FAMILY ASSETS FOR INDEPENDENCE IN MINNESOTA (FAIM): SUPPORTED 10 PARTICIPANTS, WITH FOUR ACHIEVING ASSET GOALS DURING THE FISCAL YEAR, RESULTING IN $48,000 IN MATCHED SAVINGS, INCLUDING 2 VEHICLE PURCHASES, 4 HOME PURCHASES, 3 SMALL BUSINESS LAUNCHES, AND 1 INVESTMENT IN HIGHER EDUCATION CREDIT BUILDER LOANS: 57 LOANS ORIGINATED TOTALING $9,600, SUPPORTING CREDIT ACCESS AND REPAIR HOME IMPROVEMENT AND DOWN PAYMENT ASSISTANCE: NEDA AWARDED TWO HOME IMPROVEMENT LOANS TOTALING $40,860, SIX REVOLVING FORGIVABLE LOANS, ONE MHFA LOAN TOTALING $13,000, AND $65,000 IN FORGIVABLE DOWN PAYMENT ASSISTANCE LOANS TO HOUSEHOLDS FOR CRITICAL IMPROVEMENTS.THESE TARGETED INVESTMENTS PRESERVED AFFORDABILITY, STRENGTHENED NEIGHBORHOOD STABILITY, ENHANCED COMMERCIAL CORRIDORS, AND SUPPORTED PROPERTY OWNERS AND SMALL BUSINESS OWNERSMANY OF WHOM ARE PEOPLE OF COLORCONTRIBUTING TO A MORE RESILIENT AND INCLUSIVE LOCAL ECONOMY.COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) IMPACTSINCE BECOMING A CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) IN 2018, NEDA CENTRO HAS EXPANDED ACCESS TO CAPITAL FOR UNDERSERVED COMMUNITIES. IN 2024, NEDA SECURED AN ADDITIONAL $300,000 FROM THE U.S. DEPARTMENT OF THE TREASURY, ENABLING A 140% INCREASE IN TECHNICAL ASSISTANCE GRANTS AWARDED. NEDA SERVES RENTERS, HOMEOWNERS, AND SMALL BUSINESS OWNERS OF COLOR AT RATES EXCEEDING PRIVATE MARKET REACH, ADVANCING EQUITABLE LENDING, FINANCIAL INCLUSION, AND PROTECTIONS AGAINST PREDATORY PRACTICES.ASSESSING COMMUNITY NEEDSNEDA SERVES COMMUNITIES EXPERIENCING PERSISTENT RACIAL AND ECONOMIC INEQUITIES. OF THE HOUSEHOLDS RECEIVING RENTAL OR HOMEOWNERSHIP SERVICES, 92% IDENTIFY AS HOUSEHOLDS OF COLOR, AND 19% ARE SEVERELY HOUSING COST-BURDENED, SPENDING 30% OR MORE OF HOUSEHOLD INCOME ON HOUSING. MANY PARTICIPANTS ARE FIRST-GENERATION HOMEBUYERS, CREDIT-INVISIBLE, OR LACK ACCESS TO FINANCIAL EDUCATION, UNDERSCORING THE NEED FOR TAILORED, CULTURALLY RESPONSIVE SERVICES THAT PROMOTE LONG-TERM FINANCIAL STABILITY AND GENERATIONAL WEALTH CREATION.PUBLIC POLICY ENGAGEMENT ON HOUSING JUSTICENEDA COLLABORATES WITH MEMBERS AND COALITION PARTNERS TO ADVANCE EQUITABLE HOUSING AND FINANCIAL POLICIES AT THE LOCAL, STATE, AND NATIONAL LEVELS. DURING THE REPORTING PERIOD, NEDA PARTNERED WITH LOCAL COALITIONS TO SUPPORT INCLUSIVE HOUSING PRESERVATION AND DEVELOPMENT POLICIES THAT INCREASE THE SUPPLY OF AFFORDABLE, ENTRY-LEVEL HOMES FOR LOW- AND MODERATE-INCOME HOUSEHOLDS.COMMUNITY ENGAGEMENT AND OUTREACHIN FY24-25, NEDA ENGAGED MORE THAN 700 INDIVIDUALS THROUGH IN-PERSON AND VIRTUAL OUTREACH, DEDICATING OVER 115 HOURS TO COMMUNITY EDUCATION, PREPARATION, AND TRAVEL. OUTREACH ACTIVITIES INCLUDED COMMUNITY RESOURCE FAIRS, PARTNERSHIPS WITH FINANCIAL INSTITUTIONS AND REALTORS, MEDIA APPEARANCES, AND ENGAGEMENT WITH COMMUNITY ORGANIZATIONS AND ELECTED OFFICIALS.HIGHLIGHTS INCLUDE: COMMUNITY RESOURCE FAIRS AND EVENTS: REACHED OVER 375 INDIVIDUALS AT EVENTS SUCH AS BACK-TO-SCHOOL RESOURCE FAIR, RISEN CHRIST RESOURCE FAIR, FIESTA COMUNITARIA Y DE BIENESTAR, AND OTHERS. MEDIA ENGAGEMENT: PARTICIPATION IN RADIO SHOWS AND PODCASTS TO PROVIDE EDUCATION ON HOMESTRETCH AND CREDIT COUNSELING. STAKEHOLDER COLLABORATION: ENGAGEMENT WITH ELECTED OFFICIALS, CONSULAR REPRESENTATIVES, AND COMMUNITY BANKING PARTNERS TO STRENGTHEN PARTNERSHIPS AND EXPAND ACCESS TO FAIR HOUSING RESOURCES. TARGETED EDUCATION: OUTREACH ADDRESSED PREDATORY LENDING, DISCRIMINATION, AND TENANT AND HOMEOWNER RIGHTS, EMPOWERING PARTICIPANTS TO PROTECT HOUSING AND FINANCIAL STABILITY.NEDA ALSO STRENGTHENED PARTNERSHIPS WITH LUTHERAN SOCIAL SERVICE OF MINNESOTA AND ESPERANZA UNITED TO PROVIDE TRAUMA-INFORMED FINANCIAL AND HOUSING SUPPORT AND CONTINUED ITS "KNOW YOUR RIGHTS" MEDIA CAMPAIGN FOCUSED ON PROTECTIONS FOR IMMIGRANTS AND FAMILIES OF COLOR.COMMUNITY EVENTS AND SUPPORT NETWORKSNEDA PARTNERED WITH RAICES SAGRADAS COMMUNITY MENTAL HEALTH TO HOST A DIA DE LOS MUERTOS CELEBRATION SERVING OVER 75 COMMUNITY MEMBERS AND SUPPORTED LEADERSHIP AND FINANCIAL LITERACY PROGRAMMING WITH NEIGHBORHOOD HOUSE AND CONSULMEX SAINT PAUL. THESE EFFORTS EMPHASIZED COMMUNITY CONNECTION, CULTURAL AFFIRMATION, AND COLLECTIVE EMPOWERMENT.AWARDS AND RECOGNITIONIN 2025, NEDA RECEIVED THE FOLLOWING HONORS:1. MISSION ANTI-RACISM AWARD, MINNESOTA COUNCIL OF NONPROFITS2. NONPROFIT OF THE YEAR, MINNESOTA LATINO CHAMBER OF COMMERCETHESE RECOGNITIONS REFLECT THE EFFECTIVENESS OF NEDA'S PROGRAMS, THE DEDICATION OF ITS STAFF, AND THE ORGANIZATION'S NEARLY 40-YEAR COMMITMENT TO ADVANCING HOUSING STABILITY, FINANCIAL EMPOWERMENT, AND EQUITY FOR FAMILIES OF COLOR. 1752917 859368 REAL ESTATE DEVELOPMENT AND HOUSING PRESERVATIONCREATING STABILITY. PRESERVING AFFORDABILITY. INVESTING IN COMMUNITY.NEDA ADVANCES EQUITABLE DEVELOPMENT BY CONSTRUCTING, REHABILITATING, AND MANAGING AFFORDABLE HOUSING FOR FAMILIES AND SENIORS. SINCE 1990, NEDA HAS DEVELOPED OR PRESERVED 200+ AFFORDABLE HOMES, LEVERAGING $55 MILLION IN PUBLIC FUNDING.CURRENT PORTFOLIO HIGHLIGHTS:* VILLA DEL SOL (40 UNITS): DEEPLY AFFORDABLE FAMILY HOUSING IN A CULTURAL CORRIDOR.* BLUFF HOMES (73 UNITS): SCATTERED-SITE TOWNHOMES FOR WOKRING FAMILIES. * STRYKER SENIOR HOUSING (57 UNITS): AFFORDABLE SENIOR HOUSING WITH 75% OF UNITS BELOW 30% AMI.* THE TERRACES (35 UNITS): TWO DEVELOPMENTS PROVIDING PERMANENT HOUSING FOR FAMILIES UNDER 50% AMI.* WABASHA CENTER: NEDA'S HEADQUARTERS AND A CULTURALLY ROOTED EARLY LEARNING CENTER SERVING 75+ SOMALI FAMILIES.STRYKER SENIOR HOUSING ACHIEVED 90% OCCUPANCY DURING THE SUMMER OF 2025 WHICH WAS CELEBRATED WITH A RE-OPENING CEREMONY. 2615122 1 1 0 1 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 11 0 9 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 1 1 MN X MARIA STEFFEL 6512920131 481 SOUTH WABASHA ST PAUL MN 551071142 JOANNETTE CINTRON PRESIDENT 1.00 X X 0 0 0 HEIDI WELCH VICE PRESIDENT 1.00 X X 0 0 0 HOKAN MILLER TREASURER/SECRETARY 1.00 X X 0 0 0 SHELLIE ROWE BOARD MEMBER 1.00 X 0 0 0 PEDRO MALDONADO BOARD MEMBER 1.00 X 0 0 0 KAREN A REID EXECUTIVE DIRECTOR 40.00 X 47429 0 70 MARIA STEFFEL EXECUTIVE DIRECTOR 40.00 X 55000 0 16695 102429 0 16765 0 0 0 0 0 595502 251063 846565 RESIDENTIAL RENTS 531110 729210 729210 COMMERCIAL RENTS 531120 75560 75560 MANAGEMENT FEES 531310 54642 54642 OTHER 900099 18976 18976 LOSS FROM SUBSIDIARY 531390 -44 -44 878344 63302 63302 1788211 878344 0 63302 65000 65000 132356 99267 26471 6618 398301 371544 23338 3419 9901 9136 637 128 95086 86857 7016 1213 35958 32063 3251 644 91332 91332 19778 19778 8835 8835 99258 55242 44016 6353 6353 13393 11942 1211 240 28003 25510 2081 412 48157 42942 4353 862 2681 2681 11130 11130 93712 93368 287 57 623318 621141 1817 360 107405 104055 2796 554 LLC BLDG OPERATIONS 926346 926346 PROJECT COSTS 39598 39598 MISCELLANEOUS 14860 10947 3913 2870761 2615122 232297 23342 250185 292482 1438369 1457083 104500 23496 63942 65374 320833 380843 51727 148746 18764422 3810280 15582365 14954142 361100 361056 66955 53495 18239976 17736717 118940 146130 52838 50136 17261098 17978526 22400 22400 285169 122544 17740445 18319736 X 129531 -929549 370000 346530 499531 -583019 18239976 17736717 -1082550 0 X X 0 1 X 1 0 X 1162509 635993 988907 1292629 846565 4926603 1162509 635993 988907 1292629 846565 4926603 521890 4404713 6712 5134 36690 38784 63302 150622 1749 2146 3895 5081120 4586675 0.86690 0.86940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 3000 3000 0 PART II-B, LINE 1: IN FY24-25, NEDA PROVIDED $3,000 TO THE HOMEOWNERSHIP MINNESOTA (HOM) COALITION TO USE TOWARD PAYING LOBBYIST AND OTHER EXPENSES. 0 0 910335 910335 17074535 3413957 13660578 336164 191615 144549 443388 204708 238680 14954142 FISCAL AGENCY PAYABLE 25665 SECURITY DEPOSITS 63687 REFUNDABLE ADVANCE 33192 122544 X PART X, LINE 2: NEDA IS CLASSIFIED AS A TAX-EXEMPT ORGANIZATION UNDER MINNESOTA STATUTE 290.05 AND SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM PRIVATE FOUNDATION STATUS UNDER SECTION 509(A)(1) OF THE INTERNAL REVENUE CODE, EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM BUSINESSES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. MANAGEMENT BELIEVES NEDA DID NOT HAVE ANY UNCERTAIN INCOME TAX POSITIONS OR UNRELATED BUSINESS INCOME. THE TERRACES, LLC, NEDA CENTRO DE FINANZAS, AND STRYKER SENIOR HOUSING, LLC ARE WHOLLY OWNED LLC'S AND ARE THEREFORE DISREGARDED FOR TAX PURPOSES AND INCLUDED IN THE RETURN OF NEDA. 1 DOWN PAYMENT ASSISTANCE 4 65000 PART I, LINE 2: GRANTS ARE AWARDED FOR DOWN PAYMENT ASSISTANCE BASED ON MEETING CERTAIN QUALIFICATIONS. FORM 990, PART VI, SECTION A, LINE 8B NEDA DOES NOT HAVE ANY COMMITTEES THAT CAN ACT ON BEHALF OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD REVIEWS THE 990 BEFORE FILING. IF THE 990 IS NOT COMPLETED AT THE TIME THE BOARD REVIEWS THE AUDIT, THE EXECUTIVE DIRECTOR REVIEWS THE 990 BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C NEDA HAS SPECIFIC PROGRAMS AND POLICIES IN PLACE THAT REQUIRE DISCLOSURE OF CONFLICT OF INTEREST AND THE ORGANIZATION PRECLUDES SELLING PROPERTY TO RELATED INDIVIDUALS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS DOES A REVIEW WHICH INCLUDES INTERVIEWS WITH STAFF, PUBLIC AND PRIVATE PARTNERS ON THE PERFORMANCE AND KNOWLEDGE OF THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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