Neighborhood Initiatives Development Corporation
- Assets
- $2.4m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 83
- Location
- Bronx, NY
- Founding
- 11/1983
- Data as of
- 06/2022
- EIN
- 13-3110811
Organization Overview
Neighborhood Initiatives Development Corporation is located in Bronx, NY. The organization was established in 1983. As of 06/2022, Neighborhood Initiatives Development Corporation employed 83 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood Initiatives Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Neighborhood Initiatives Development Corporation generated $4.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $3.2m during the year ending 06/2022. While expenses have increased by 8.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE THRIVING COMMUNITIES THAT PROVIDE SAFE, AFFORDABLE HOUSING AND HELP YOUTH PREPARE FOR A SUCCESSFUL FUTURE
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER RISING WAS HOSTED SUMMER 2021 IN PS 96, PS 396 AND PSMS 89 AND SERVICED APPROXIMATELY 550 CHILDREN. YOUTH AFTERSCHOOL PROGRAMS WERE CONDUCTED IN PARTNERSHIP AT THE FOLLOWING SCHOOLS: PS 96, PSMS 89, PS 105, PS 77 AND PS 483. AFTERSCHOOL, TEEN COUNSEL AND ADULT AND SENIOR ACTIVITIES WERE HOSTED AT THE EASTCHESTER GARDENS (NYCHA) COMMUNITY CENTER DURING LATE AFTERNOONS, EVENINGS AND WEEKENDS. YOUTH PROGRAMS CONSIST OF HOMEWORK ASSISTANCE, ACADEMIC ENRICHMENT, SOCIAL EMOTIONAL LEARNING AND RECREATIONAL TEAMS/ACTIVITIES SUCH AS CHEER AND BASKETBALL. AT RISK MIDDLE AND HIGH SCHOOL STUDENTS ARE ALSO ENGAGED THROUGH SMALLER COHORTS TO INVOLVE THEM IN CIVIC ENGAGEMENT AND FINANCIAL LITERACY COURSES. IN TOTAL, AT LEAST 1200 PARTICIPANTS WERE SERVICED THROUGH OUR YOUTH DEPARTMENT.
THIS FISCAL YEAR WE HELPED OVER 600 TENANTS LIVE IN SAFER AND MORE HABITABLE HOMES, WE HELPED 37 TENANTS PREVENT BEING EVICTED, ASSISTED WITH 15 -ERAP (EMERGENCY RENTAL ASSISTANT PROGRAM) APPLICATIONS, SECURING OVER $100,000 IN BACK RENT, AND RESOLVED OVER 200 LANDLORD TENANT DISPUTES PRIOR TO ADJUDICATIONNATIONAL NIGHT OUT AGAINST CRIME WAS A GREAT SUCCESS WITH OVER 40 CITY/STATE AGENCIES, COMMUNITY GROUPS, LAW ENFORCEMENT DEPARTMENTS AND ELECTED OFFICIALS PARTICIPATING AND PROVIDING THE COMMUNITY WITH VALUABLE INFORMATION. WE HAD OVER 3,000 COMMUNITY RESIDENTS ATTEND AND PROVIDED 3 DIFFERENT AMUSEMENT RIDES FOR THE KIDS, MUSIC FOR ALL TO ENJOY, REFRESHMENTS AND COTTON CANDY
THE COMMUNITY ENGAGEMENT DEPARTMENT WAS CREATED IN AUGUST 2021 TO ADDRESS HEALTH DISPARITIES AND SOCIAL INEQUITIES IN SPECIFIC NYC NEIGHBORHOODS DURING COVID PANDEMIC. NIDC CONDUCTED 8 VACCINE EVENTS, DISTRIBUTED OVER 10,000 COVID-RELATED INFORMATION, 4,000 PPE PACKETS AND ABOUT 2,000 COVID AT HOME TESTS. NIDC PARTICIPATED IN THE TRIE NYC PARTICIPATORY BUDGET: THE PEOPLES MONEY INITIATIVE AND IMPLEMENTED THE YOUTH FINANCIAL LITERACY AMBASSADOR PROGRAM FOR SEVERAL TEENS. THE DEPARTMENT ALSO PARTICIPATES IN TABLING EVENTS AT VARIOUS LOCATIONS SUCH AS AT OTHER CBOS, LOCAL BUSINESSES, CHURCHES, SCHOOLS AND FOOD PANTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Foster Executive Director | Officer | 35 | $139,281 |
Daniel Morales Deputy Director | Trustee | 0 | $82,574 |
Christy Olsen Director Of Program Operation | Officer | 0 | $81,478 |
Donna Wellington Director Of Finance & Hr | Trustee | 0 | $77,016 |
Hazel Muira Derector Of Housing | Officer | 0 | $68,639 |
Amy Shebar Associate Executive Director | Trustee | 0 | $4,231 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,530,580 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,530,580 |
| Total Program Service Revenue | $230,278 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,803,772 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,158,933 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $363,461 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,103 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,681 |
| Office expenses | $195,419 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $97,753 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,856 |
| Insurance | $40,368 |
| All other expenses | $188,778 |
| Total functional expenses | $3,208,472 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,436 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,915,296 |
| Accounts receivable, net | $44,755 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $93,673 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $218,520 |
| Total assets | $2,366,680 |
| Accounts payable and accrued expenses | $384,345 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $154,705 |
| Total liabilities | $539,050 |
| Net assets without donor restrictions | $1,827,630 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,366,680 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neighborhood Initiatives Development Corporation Bronx, NY | $2,366,680 | $4,803,772 |
Long Island Housing Services Inc Bohemia, NY | $1,855,848 | $2,258,620 |
Affordable Housing Partnership Of The Capital Region Inc Albany, NY | $1,206,398 | $1,197,084 |
Fair Housing Council Of Northern New Jersey Hackensack, NJ | $434,090 | $764,151 |
Massachusetts Fair Housing Center Inc Holyoke, MA | $395,892 | $647,075 |
Community House At St Thomas Corporation Perth Amboy, NJ | $212,513 | $0 |
Bridge East 5 Corporation New York, NY | $1,833,346 | $72,849 |