Neighborhood Solidarity Fund
EIN: 87-4704695
as of October 2024
as of October 15, 2024
Programs and results
Reports and documents
Download other documentsWhat we aim to solve
Our programs
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.
Where we work
Our results
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
Learn more about Sustainable Development Goals.
Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
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.
What are the organization's key strategies for making this happen?
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.
What are the organization's capabilities for doing this?
What have they accomplished so far and what's next?
How we listen
Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.
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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
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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
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What challenges does the organization face when collecting feedback?
We don't have any major challenges to collecting feedback
Financials
Revenue vs. expenses: breakdown
Liquidity in 2023 info
161.24
Months of cash in 2023 info
13.5
Fringe rate in 2023 info
22%
Funding sources info
Assets & liabilities info
Financial data
Neighborhood Solidarity Fund
Balance sheetFiscal Year: Jul 01 - Jun 30
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: Jul 01 - Jun 30
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.
Created in partnership with
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
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 employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
Neighborhood Solidarity Fund
Board of directorsas of 02/05/2024
Board of directors data
Henry Webber
Karishma Furtado
Loura Gilbert
Nicole Hudson
Ryan Rippel
Christina Dancey
Blake Strode
Reyna Spencer
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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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
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
Gender identity
Transgender Identity
Sexual orientation
No data
Disability
No data
Equity strategies
Last updated: 02/05/2024GuideStar 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
- 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.
- 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.