The Neighborhood Developers Inc.

Fiscal year ending 2024. Filed on November 15, 2025.

4 Gerrish Avenue
Chelsea, Massachusetts 02150

The Neighborhood Developers Inc. (EIN: 04-2660283) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, The Neighborhood Developers Inc., a 501(c)(3) charitable organization, reported compensation for 9 out of 31 total employees. Among the employees shown here, the average compensation is $172,898. The highest compensated employee at The Neighborhood Developers Inc. is Rafael Mares with fiscal year 2024 compensation of $299,465.

Revenue, expenses, and employee compensation

Revenue

$11,543,347

Expenses

$8,949,973

Employee compensation

$4,363,569
Revenue, expenses, and employee compensation over time

Mission Statement

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.

Revisions to this organization profile

November 15, 2025:
2024 The Neighborhood Developers Inc. 990 filed
November 16, 2024:
2023 The Neighborhood Developers Inc. 990 filed
February 13, 2024:
2022 The Neighborhood Developers Inc. 990 filed

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