PLATINUM2024

Neighborhood Solidarity Fund

aka Invest STL   |   St Louis, MO   |  www.investstl.org

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GuideStar Charity Check

Neighborhood Solidarity Fund

EIN: 87-4704695


Mission

Invest STL facilitates investment in the power of people and their neighborhoods to develop communities of justice and opportunity in places that continue to endure the legacy of systemic anti-Black racism.

Ruling year info

2023

Executive Director

Dara Eskridge

Main address

PO Box 300010

St Louis, MO 63130 USA

Show more contact info

EIN

87-4704695

Subject area info

Community and economic development

Leadership development

Civic participation

Public policy

Population served info

People of African descent

Economically disadvantaged people

NTEE code info

Community, Neighborhood Development, Improvement (S20)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Communication

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Rooted

Rooted: Cultivating Black Wealth in Place is a new initiative focused on helping West End and Visitation Park residents build wealth so that they can afford to stay and grow in their neighborhood.

Each participating household is matched with a Financial Planner (at no cost) and receives an investment of $20,000 to put toward activities historically proven to build wealth including:
- Purchasing a property in the West End or Visitation Park
- Renovating property in the West End or Visitation Park
- Starting a small business or scaling an existing business in the West End or Visitation Park
- Opening an investment account

Participants receive an additional $2,000 to pay down debt, address any immediate needs the household may have, or create an emergency savings.

Population(s) Served
Ethnic and racial groups
Economically disadvantaged people

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Total dollar amount of grants awarded

This metric is no longer tracked.
Totals By Year
Population(s) Served

Ethnic and racial groups, Economically disadvantaged people

Related Program

Rooted

Type of Metric

Outcome - describing the effects on people or issues

Direction of Success

Increasing

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Generate trust-based, community-driven, and place-based investments focused on nurturing neighborhood leadership, growing capacity and sustainability of neighborhood anchors, supporting resident-driven neighborhood planning, green-lighting catalytic real estate developments, and bolstering hyper local economies.

Foster the creation of sustainable systems and structures from local government through regional
intermediaries and networks.

Identify and facilitate solutions to systemic issues facing predominantly Black neighborhoods.

Replace the current prevailing narratives of predominantly Black neighborhoods with narratives that inspire pride, engagement, personal agency, collaboration, community accountability, and public will.

WE INVEST IN ST. LOUIS
We prioritize equitable community development by evolving our work in four key areas: direct investments in neighborhoods, investing in the local community and economic development system, convening thought leadership and testing innovative ideas to influence policies and decision-making, and reframing narratives to shift our collective understanding and awareness of St. Louis residents and neighborhoods.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.), We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive

  • What challenges does the organization face when collecting feedback?

    We don't have any major challenges to collecting feedback

Financials

Neighborhood Solidarity Fund
Fiscal year: Jul 01 - Jun 30

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2023 info

SOURCE: IRS Form 990

161.24

Average of 161.24 over 1 years

Months of cash in 2023 info

SOURCE: IRS Form 990

13.5

Average of 13.5 over 1 years

Fringe rate in 2023 info

SOURCE: IRS Form 990

22%

Average of 22% over 1 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Neighborhood Solidarity Fund

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Neighborhood Solidarity Fund

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Neighborhood Solidarity Fund

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

This snapshot of Neighborhood Solidarity Fund’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2023
Unrestricted surplus (deficit) before depreciation $1,278,367
As % of expenses 112.0%
Unrestricted surplus (deficit) after depreciation $1,278,367
As % of expenses 112.0%
Revenue composition info
Total revenue (unrestricted & restricted) $2,419,737
Total revenue, % change over prior year 0.0%
Program services revenue 0.0%
Membership dues 0.0%
Investment income 0.1%
Government grants 0.0%
All other grants and contributions 99.9%
Other revenue 0.0%
Expense composition info
Total expenses before depreciation $1,141,370
Total expenses, % change over prior year 0.0%
Personnel 56.2%
Professional fees 20.8%
Occupancy 5.5%
Interest 0.0%
Pass-through 2.3%
All other expenses 15.1%
Full cost components (estimated) info 2023
Total expenses (after depreciation) $1,141,370
One month of savings $95,114
Debt principal payment $0
Fixed asset additions $0
Total full costs (estimated) $1,236,484

Capital structure indicators

Liquidity info 2023
Months of cash 13.5
Months of cash and investments 13.5
Months of estimated liquid unrestricted net assets 13.4
Balance sheet composition info 2023
Cash $1,286,345
Investments $0
Receivables $0
Gross land, buildings, equipment (LBE) $0
Accumulated depreciation (as a % of LBE) 0.0%
Liabilities (as a % of assets) 0.6%
Unrestricted net assets $1,278,367
Temporarily restricted net assets N/A
Permanently restricted net assets N/A
Total restricted net assets $0
Total net assets $1,278,367

Key data checks

Key data checks info 2023
Material data errors No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Executive Director

Dara Eskridge

As an urban planner and architect with a focus on centering voices of communities of color in policy design, strategy development and impact measurement, Dara works to advance opportunities to build wealth and power in Black and other racially and economically marginalized communities through equitable development and investment practices. Dara is honored to serve as the first Executive Director of Invest STL since 2019. Prior to Invest STL, Dara served as St. Louis Director of Operations for national non-profit Urban Strategies; Senior Planner in the St. Louis County Executive’s Office of Strategy + Innovation; Senior Planner in St. Louis County Planning; City of St. Louis Homeless Services; the Housing Authority of the City of Bridgeport, CT; and a designer in a small architecture firm. Dara earned a MS in Urban Planning from Columbia University and B. of Architecture from Tuskegee University. She is a 2023 Aspen Ascend Fellow and LEED Accredited Professional for Neighborhood Dev't.

Number of employees

Source: IRS Form 990

Neighborhood Solidarity Fund

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Neighborhood Solidarity Fund

Board of directors
as of 02/05/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Henry Webber

Karishma Furtado

Loura Gilbert

Nicole Hudson

Ryan Rippel

Christina Dancey

Blake Strode

Reyna Spencer

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 2/5/2024

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
Black/African American
Gender identity
Female

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

No data

Equity strategies

Last updated: 02/05/2024

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We review compensation data across the organization (and by staff levels) to identify disparities by race.
  • We ask team members to identify racial disparities in their programs and / or portfolios.
  • We analyze disaggregated data and root causes of race disparities that impact the organization's programs, portfolios, and the populations served.
  • We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
  • We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
  • We disaggregate data by demographics, including race, in every policy and program measured.
  • We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
Policies and processes
  • We use a vetting process to identify vendors and partners that share our commitment to race equity.
  • We have a promotion process that anticipates and mitigates implicit and explicit biases about people of color serving in leadership positions.
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We have community representation at the board level, either on the board itself or through a community advisory board.
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
  • We measure and then disaggregate job satisfaction and retention data by race, function, level, and/or team.
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.