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Filing year 2023

THE NEIGHBORHOOD DEVELOPERS INC

Chelsea, Massachusetts·EIN 04-2660283·NTEE L200 · Housing & Shelter·501(c)(3)
Total revenue
$8.3M
Total assets
$34.9M
Total expenses
$8.7M
Reported officers
14
Mission

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.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 4 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Housing & Shelter organizations nationwide.

Executive Director
75th to 90th percentilevs Housing & Shelter peers in Massachusetts
$225k
$248k
Base
$189k
Bonus
Other
Benefits
$29k
Director of Re Development
75th to 90th percentile
$170k
$188k
Base
$140k
Bonus
Other
Benefits
$25k
Senior Project Manager
Project Manager
75th to 90th percentile
$126k
$139k
Senior Project Manager
Project Manager
Median to 75th percentile
$124k
$136k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 10 unpaid individuals.

Browse compensation in Housing & Shelter

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at THE NEIGHBORHOOD DEVELOPERS INC equaled 3% of the organization's total expenses. The median for housing & shelter organizations is 7%.

This organization (2023)
3%
Sector median
7%
Middle half of sector
3% to 16%

Based on 7,888 housing & shelter organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 40%
from 2022

From $161k in 2022 to $225k in 2023.

$161k
2022
$225k
2023
In today's dollarsEst.
Up 35% in real terms$184k to $248k

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 40% from 2022 to 2023, while revenue fell 16%.

$161k in 2022 to $225k in 2023.
  • Chief Development Officer pay rose 38% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

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.

FAQ

Common questions about THE NEIGHBORHOOD DEVELOPERS INC

What does the Chief Executive Officer of THE NEIGHBORHOOD DEVELOPERS INC earn?

In 2023, the Chief Executive Officer of THE NEIGHBORHOOD DEVELOPERS INC received $225,430 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among Housing & Shelter organizations in Massachusetts, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at THE NEIGHBORHOOD DEVELOPERS INC compare with similar nonprofits?

Compared with the same role at Housing & Shelter organizations in Massachusetts, the 2023 pay of the Chief Executive Officer at THE NEIGHBORHOOD DEVELOPERS INC falls between the 75th and 90th percentiles. In 2023, the highest total compensation at THE NEIGHBORHOOD DEVELOPERS INC equaled 3% of the organization's total expenses. The median for housing & shelter organizations is 7%.

What are THE NEIGHBORHOOD DEVELOPERS INC's revenue and expenses?

In 2023, THE NEIGHBORHOOD DEVELOPERS INC reported $8.3M in total revenue and $8.7M in total expenses on its IRS Form 990.

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