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Filing year 2024

NEW DEVELOPMENT CORPORATION

Grand Rapids, Michigan·EIN 38-3326468·NTEE L20 · Housing & Shelter·3
Total revenue
$725k
Total assets
$569k
Total expenses
$619k
Reported officers
7
Mission

PROMOTE HOME OWNERSHIP & AFFORDABLE HOUSING TO ALLEVIATE NEIGHBORHOOD BLIGHT IN TARGETED LOW AND MODERATE INCOME ARES. WORK WITH LOW-INCOME INDIVIDUALS TO HELP THEM OBTAIN AND RETAIN HOME OWNERSHIP, FACILITATE HOMEOWNER REPAIR GRANTS AND TAX RETURN PREPARATION.

Executive compensation

Form 990 · Schedule J · 1 reported individual · Filing year 2024

Executive Director
$81k
$87k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 6 unpaid individuals.

Browse compensation in Housing & Shelter

Held steady
from 2023

From $81k in 2023 to $81k in 2024.

$81k
2023
$81k
2024
In today's dollarsEst.
Down 3% in real terms$90k to $87k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

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