Nothing Into Something Real Estate Inc
- Assets
- $1.5m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 35
- Location
- Columbus, OH
- Founding
- 06/2007
- Data as of
- 06/2024
- EIN
- 56-2599608
Organization Overview
Nothing Into Something Real Estate Inc, operating under the name Nisre Inc, is located in Columbus, OH. The organization was established in 2007. According to its NTEE Classification (I31) the organization is classified as: Half-Way Houses for Offenders & Ex-Offenders, under the broad grouping of Crime & Legal-Related and related organizations. As of 06/2024, Nisre Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nisre Inc 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 06/2024, Nisre Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $2.3m during the year ending 06/2024. While expenses have increased by 3.9% per year over the past 8 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
NISRE INC IS A FAITH BASED NON PROFIT COMMUNITY DEVELOPMENT CORPORATION THAT PROVIDES AFFORDABLE HOUSING SOLUTIONS AND A RANGE OF ECONOMIC EMPOWERMENT INITIATIVES DESIGNED TO ALLEVIATE POVERTY AND REVITALIZE NEIGHBORHOODS IN LOW AND MODERATE INCOME COMMUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EXIT PROGRAM PROVIDES HOUSING AND SUPPORTIVE SERVICES FOR FORMERLY INCARCERATED HOMELESS ADULT MEN AND WOMEN. JESSIES WORLD IS A PROGRAM THAT PROVIDES HOUSING AND GENDER RESPONSIVE PROGRAMMING FOR WOMEN IN REENTRY OR RECOVERY. WITH AND WITHOUT CHILDREN.
NISRE PROVIDES PROGRAMMING AND ADMINISTRATIVE SUPPORT TO WHOLLY OWNED SUBSIDIARY. M2 SOCIAL ENTERPRISES CORPORATION CONTAINS A LINE OF PROFIT MAKING BUSINESSES THAT EMPLOY COMMERICAL STRATEGIES TO MAXIMIZE IMPROVEMENTS INTO THE WELL BEING OF OUR CLIENTS WHILE GENERATING REVENUE TO HELP SUSTAIN NISRE INCS ORGANIZATIONAL ACTIVITIES. THROUGH M2 SOCIAL ENTERPRISES, BUSINESSES ARE DEVELOPED TO CREATE EMPLOYMENT OPPORTUNITIES FOR INDIVIDUALS SERVED UNDER THE NISRE INC FAMILY OF COMPANIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michele Reynolds Executive Director | OfficerTrustee | 25 | $95,768 |
Jeannie Mok Director | Trustee | 1 | $0 |
Betty Ford Director | Trustee | 1 | $0 |
Angela Miles Chariman | Trustee | 1 | $0 |
Dr Shon Bunkley-Burch Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,260,285 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,260,285 |
| Total Program Service Revenue | $48,277 |
| 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 | $2,318,957 |
| 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. | $115,768 |
| Compensation of current officers, directors, key employees. | $57,884 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $713,796 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,076 |
| Payroll taxes | $31,731 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,859 |
| Fees for services: Accounting | $22,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $144,710 |
| Advertising and promotion | $16,161 |
| Office expenses | $38,903 |
| Information technology | $29,262 |
| Royalties | $0 |
| Occupancy | $586,485 |
| Travel | $40,303 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,602 |
| Interest | $8,446 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $79,386 |
| All other expenses | $0 |
| Total functional expenses | $2,317,121 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,687 |
| Savings and temporary cash investments | $269,708 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,856 |
| 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 | $626,753 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $475,558 |
| Intangible assets | $0 |
| Other assets | $23,685 |
| Total assets | $1,466,247 |
| Accounts payable and accrued expenses | $13,605 |
| 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 | $805,227 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,800 |
| Total liabilities | $821,632 |
| Net assets without donor restrictions | $644,615 |
| 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 | $1,466,247 |