Frogtown Crossroads
2025 Annual Report
Founded in 1993, Neighborhood Development Center believes in the power of entrepreneurs to transform lives and revitalize neighborhoods.
Entrepreneur focused.
2025 ushered in an era of change and innovation-driven work at NDC. We are proud of what we are creating, and are ready to take this work to the next level.
Read our full letter from our President and CEO, Renay Dossman here >
Our 2025 Outcomes
Strengthen The Foundations
This year, we strengthened the core work that keeps our organization sustainable for the long haul. We approved 49 character-based loans totaling over $4.4 million, along with real estate loans that help business owners build lasting wealth. We also supported our tenants across five properties, focusing on a stable foundation for both our community and our organization’s future.
Through this crucial work, we were proud to become a top lender with GroundBreak Coalition and to earn a B+++ rating with Aeris.
Lead As An Innovator
We stayed ahead of the curve by expanding how we train and support entrepreneurs. Through Plan It!, we trained 133 entrepreneurs, delivered 3,200 hours of culturally responsive technical assistance in our Business Lab, including innovative programs like Mindset Reset and Money Matters, while also participating in a national initiative through our Small Business Labor Law Pilot in partnership with Rutgers University.
Our innovation will continue through initiatives like The Ruckus, our next South Minneapolis incubator that seeks to close funding and capacity gaps for mid-level entrepreneurs.
Deliver on PROMISE Act
This year we launched our second round of funding, reviewing thousands of applications and deploying millions of dollars to eligible neighborhoods. With innovative strategies in place, we are turning a major public investment into real, on-the-ground impact for the communities that need it most.
We also focused on providing hands-on technical assistance for all applicants through in-person appointments, phone calls, and virtual options.
To read more about the work we completed in 2025, view our Impact Report, linked here.
Holistic Support – Nature’s Syrup
De’Vonna Pittman’s journey with NDC illustrates the power of holistic entrepreneur support. Over several years, she engaged with multiple NDC programs—including training, lending, business coaching, and financial planning assistance—as her company grew from kitchen-crafted products to a nationally recognized beauty brand. NDC’s integrated approach helped her access the capital, expertise, and connections needed at each stage of growth. Today, her impact extends beyond business success to youth entrepreneurship, community programming, and industry leadership, demonstrating how investing in the whole entrepreneur creates benefits that reach far beyond a single business.
Innovation – Flexible Loans
When Wendy Sullivan founded Wenrich PD Construction in 2015, she set out to bring meaningful change to the construction industry. As the company expanded into the underserved highway heavy construction sector, NDC provided flexible financing to help fuel its growth. Now, Wenrich is creating quality jobs, advancing the industry, and strengthening Minnesota’s infrastructure.
The project illustrates how NDC’s lending solutions help innovative businesses access the capital they need to grow, create opportunity, and deliver lasting impact in the communities they serve.
Financials
2025 was an important year for our growth and sustainability. NDC’s Net Assets grew by 27% from 2024 to 2025. See the 2025 Consolidated Financials: link here >
Thank You To Our Supporters!
The work we do could not be done without the support of generous funders, investors, and donors. We are grateful for the impact this makes, and look forward to another year of celebrating our donors and funders.
