Affordable Housing
Develops accessible housing options for low-income families in urban areas to address housing instability and affordability challenges
Develops affordable housing and citizen-based programs to improve urban neighborhoods
About Organization
Neighborhood Associates Corporation researches, develops, and evaluates affordable housing solutions and community programs that improve quality of life in urban neighborhoods. Based in Laura, MD, the organization operates with 6 employees and 10 volunteers, managing $6.1 million in assets while serving communities since 2004.
Affordable Housing
Develops accessible housing options for low-income families in urban areas to address housing instability and affordability challenges
Community Empowerment
Supports citizen-led programs that engage residents in improving their neighborhoods through participation and local leadership
Urban Revitalization
Implements research-based strategies to enhance quality of life and strengthen the social fabric of urban communities
Form 990 data showing organizational financial health and growth.
Revenue (2023)
$546K
-78.8% vs 2022
Expenses (2023)
$976K
-21.1% vs 2022
Assets (2023)
$6.1M
-3.4% vs 2022
Employees (2023)
6
-53.8% vs 2022
| Year | Revenue | Expenses | Assets | Employees |
|---|---|---|---|---|
| 2023 | $545,776 | $975,896 | $6,055,621 | 6 |
| 2022 | $2,572,070 | $1,237,587 | $6,268,084 | 13 |
| 2020 | $727,042 | $1,077,555 | $6,697,799 | 4 |
| 2019 | $924,937 | $1,128,081 | $6,978,206 | 0 |
| 2018 | $1,221,148 | $1,103,842 | $7,151,513 | 0 |
Source: IRS Form 990 filings. All figures in USD.
Conduct community assessments to identify housing gaps and quality of life challenges in urban neighborhoods
Design affordable housing projects and citizen-based programs tailored to specific community needs and assets
Test new approaches with community participation to ensure effectiveness before scaling up implementation
Measure outcomes and refine programs to continuously improve quality of life for urban residents
Services and programs offered by Neighborhood Associates Corporation
Develops and maintains affordable housing units in urban neighborhoods to provide stable homes for low-income residents
Researches urban housing needs and evaluates community development strategies to inform program design and policy
Pilots and implements resident-led initiatives that address local needs and strengthen community engagement in urban areas
Delivers programs that improve living conditions and community well-being for residents of urban neighborhoods
Meet the people behind Neighborhood Associates Corporation.
2004
2004
Neighborhood Associates Corporation established to improve urban neighborhoods through affordable housing
2004
2004
Granted 501(c)(3) status to support community development mission
2022
2022
Achieved highest annual revenue of $2.6 million with expanded staff of 13 employees
2024
2024
President/CEO and Treasurer transitions completed in April 2024
Board members, advisors, and key contributors
Information compiled from IRS Form 990 and organizational materials.
Top compensated officers & key employees from IRS Form 990
Total Reported (2023)
$75K
Highest Paid
$75K
Bobby Austin
Compensated Officers
1
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| Bobby Austin | President/CEO Thru April 2024 | $75,000 | — | $75,000 | 4 |
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| Bobby Austin | President/CEO | $75,000 | — | $75,000 | 4 |
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| Bobby Austin | President/CEO | $75,000 | — | $75,000 | 4 |
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| Bobby Austin | President/CEO | $80,000 | — | $80,000 | 4 |
Source: IRS Form 990 filings. Compensation includes base and other reported compensation.