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EIN 23-7380888

Neighborhood Improvement Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Milwaukee
State
Wisconsin
Year formed
1973
Most recent tax filings
2023-12-01
NTEE code, primary
L80: Housing Support Services
Description
Neighborhood Improvement Development Corporation promotes reinvestment in housing and commercial structures in Milwaukee, WI. The nonprofit organization's mission includes encouraging private lending institutions and property owners to make improvements to the community. A board of directors consisting of members from the public and private sectors manages the corporation. Additionally, the organization provides housing production for low-income individuals who may not qualify for bank financing.
Total revenues
$195,303
2023
Total expenses
$235,591
2023
Total assets
$4,175,584
2023
Num. employees
0
2023

Program areas at Neighborhood Improvement Development Corporation

Neighborhood revitalization - encourage private lending institutions and property owners to make improvements to the community's homes and businesses.
Housing production - all expenses related to the rehabilitation and resale of houses in low-income areas to low-income individuals who otherwise would likely not qualify for bank financing.

Who funds Neighborhood Improvement Development Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
AarpGrant To Support Aarp's Livable Communities Initiative$25,000
Local Initiatives Support CorporationSee Part Iv$10,000

Personnel at Neighborhood Improvement Development Corporation

NameTitleCompensation
David SchroederDirector of Finance and Administration
Darryl JohnsonVice Chair / Secretary and Treasurer / Board Member$0
James WitkowiakVice Chair$0
Judy LeitermanSecretary - Treasurer$0
Welford SandersSecretary and Treasurer$0
...and 2 more key personnel

Financials for Neighborhood Improvement Development Corporation

RevenuesFYE 12/2023
Total grants, contributions, etc.$149,332
Program services$41,400
Investment income and dividends$7,856
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$-11,227
Net gain from sale of non-inventory assets$-22,107
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$30,049
Total revenues$195,303

Form 990s for Neighborhood Improvement Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-10-30990View PDF
2022-122023-11-08990View PDF
2021-122022-11-09990View PDF
2020-122021-11-04990View PDF
2019-122021-02-26990View PDF
...and 9 more Form 990s
Data update history
January 1, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 24, 2023
Received grants
Identified 3 new grant, including a grant for $60,000 from Joseph and Vera Zilber Charitable Foundation
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
August 7, 2023
Posted financials
Added Form 990 for fiscal year 2020
July 8, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHousing and shelter organizationsHeadquarter / parent organizationsCharities
Issues
Human servicesHousing
Characteristics
Provides grantsReceives government fundingManagement and technical assistanceTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
809 N Broadway Third Floor
Milwaukee, WI 53202
Metro area
Milwaukee-Waukesha, WI
County
Milwaukee County, WI
Website URL
city.milwaukee.gov/dcd/nidc 
Phone
(414) 286-5608
IRS details
EIN
23-7380888
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1973
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L80: Housing Support Services
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Central organization
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