Our Financials
Statement of Financial Position
| Assets | 2024 | 2023 |
|---|---|---|
| Loans Receivable Net of Allowance for Loan Losses | $15,983,783.00 | $13,726,075.00 |
| Cash & Investments | $7,919,455.00 | $8,437,648.00 |
| Other Assets | $815,806.00 | $796,930.00 |
| Total Assets | $24,719,044.00 | $22,960,653.00 |
| Liabilities | 2024 | 2023 |
|---|---|---|
| Notes Payable | $14,778,632.00 | $15,184,176.00 |
| Other Liabilities | $262,475.00 | $257,354.00 |
| Total Liabilities | $15,041,107.00 | $15,441,530.00 |
| Net Assets | 2024 | 2023 |
|---|---|---|
| Without Donor Restriction | $9,572,618.00 | $7,186,540.00 |
| With Donor Restriction | $104,319.00 | $332,583.00 |
| Total Net Assets | $9,676,937.00 | $7,519,123.00 |
| Total Liabilities and Net Assets | 2024 | 2023 |
|---|---|---|
| *as of Fiscal Year ending 12/31 | $24,719,044.00 | $22,960,653.00 |
Statement of Financial Activities
| Revenue & Support | 2024 | 2023 |
|---|---|---|
| Contributions & Grants | $45,000.00 | $2,259,059.00 |
| Earned Revenue | $1,267,773.00 | $958,744.00 |
| Net Assets Released from Restrictions** | $4,254,308.00 | $1,815,659.00 |
| Total Revenue & Support | $5,567,081.00 | $5,033,462.00 |
**This includes $3,834,809 in grants and contributions received in 2024 that were either unrestricted or released from restrictions within the fiscal year and $419,499 in revenue received in prior years and released from restrictions in 2024.
| Expenses | 2024 | 2023 |
|---|---|---|
| Program | $2,543,322.00 | $2,695,998.00 |
| General & Administrative | $313,753.00 | $369,778.00 |
| Fundraising | $323,928.00 | $153,798.00 |
| Total Expenses | $3,181,003.00 | $3,219,574.00 |
| Change in Net Assets with Donor Restrictions | 2024 | 2023 |
|---|---|---|
| ($228,264.00) | ($105,369.00) |
| Change in Net Assets | 2024 | 2023 |
|---|---|---|
| $2,157,814.00 | $1,919,257.00 |
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In accordance with federal law and U. S. Department of the Treasury policy, Neighborhood Community Development Fund is prohibited from discriminating based on race, color, national origin, sex, age, or disability. Submit a complaint of discrimination to U.S. Department of the Treasury, Office of Civil Rights and Equal Opportunity, 1500 Pennsylvania Avenue N.W., Washington, DC 20220, (202) 622-1160 (phone), (202 622-0367 (fax), or email crcomplaints@treasury,gov (email).
Get in Touch
3923 Perrysville Avenue,
Pittsburgh, PA 15214
info@NCD-Fund.org
412-322-0290