Neighborhood Initiatives Development Corporation
Neighborhood Initiatives Development Corporation shows consistent growth and no reported officer compensation.
EIN: 133110811 · Bronx, NY · NTEE: L00Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.3M |
| Total Expenses | $3.9M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $2.0M |
| Transparency Score | 90/100 |
Is Neighborhood Initiatives Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Neighborhood Initiatives Development Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Neighborhood Initiatives Development Corporation
Neighborhood Initiatives Development Corporation (EIN: 133110811) is a nonprofit organization based in Bronx, NY, classified under NTEE code L00Z. The organization reported total revenue of $4.3M and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Neighborhood Initiatives Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Neighborhood Initiatives Development Corporation is a mid-size nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.1M |
| Total Expenses | $3.9M |
| Surplus / Deficit | +$196K |
| Total Assets | $3.0M |
| Total Liabilities | $956K |
| Net Assets | $2.0M |
| Operating Margin | 4.8% |
| Debt-to-Asset Ratio | 32.1% |
| Months of Reserves | 9.1 months |
Financial Health Grade: A
In 2023, Neighborhood Initiatives Development Corporation reported a surplus of $196K with revenue exceeding expenses, holds 9.1 months of operating reserves (strong position), has a debt-to-asset ratio of 32.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Neighborhood Initiatives Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.5% | +21.9% | +25.9% |
| 2022 | +383.2% | +271.1% | +32.5% |
| 2021 | -62.9% | -65.7% | +49.2% |
| 2020 | +9.2% | +12.8% | -26.0% |
| 2019 | +7.6% | -4.2% | +56.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Neighborhood Initiatives Development Corporation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Neighborhood Initiatives Development Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $196K, with revenue exceeding expenses.
- Debt-to-asset ratio: 32.1%.
Executive Compensation Analysis
Neighborhood Initiatives Development Corporation consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of its size with revenues exceeding $4 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Neighborhood Initiatives Development Corporation's IRS 990 filings:
- Lack of detailed functional expense breakdown in provided summary data, making precise spending efficiency analysis difficult.
Strengths
The following positive indicators were identified for Neighborhood Initiatives Development Corporation:
- Consistent reporting of 0% officer compensation, indicating strong commitment to mission over executive pay.
- Significant growth in assets from $311,657 in 2015 to $2,979,552 in 2023, demonstrating financial stability and capacity.
- Positive net income in most recent years (e.g., $195,937 in 202306, $1,595,300 in 202206), indicating sound financial management.
- Overall increasing revenue trend, from $1,882,676 in 2015 to $4,108,125 in 2023, suggesting growing support and impact.
Frequently Asked Questions about Neighborhood Initiatives Development Corporation
Is Neighborhood Initiatives Development Corporation a legitimate charity?
Neighborhood Initiatives Development Corporation (EIN: 133110811) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.3M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Neighborhood Initiatives Development Corporation spend its money?
Neighborhood Initiatives Development Corporation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Neighborhood Initiatives Development Corporation tax-deductible?
Neighborhood Initiatives Development Corporation is registered as a tax-exempt nonprofit (EIN: 133110811). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Neighborhood Initiatives Development Corporation CEO make?
Neighborhood Initiatives Development Corporation's highest-compensated officer earns $4 annually. The organization reported $4.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Neighborhood Initiatives Development Corporation's spending goes to programs?
Neighborhood Initiatives Development Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Neighborhood Initiatives Development Corporation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Neighborhood Initiatives Development Corporation is above average for NTEE category L00Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Neighborhood Initiatives Development Corporation located?
Neighborhood Initiatives Development Corporation is headquartered in Bronx, New York and files with the IRS under EIN 133110811. It is classified under NTEE code L00Z.
How many years of IRS 990 filings does Neighborhood Initiatives Development Corporation have?
Neighborhood Initiatives Development Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.3M in total revenue.
Is Neighborhood Initiatives Development Corporation a good charity?
Based on the available financial data, NIDC appears to be a good charity. It demonstrates strong financial health with growing assets (from $311,657 in 2015 to $2,979,552 in 2023) and consistent surpluses in recent years. A significant positive is the reported 0% officer compensation across all filings, indicating a strong commitment to directing funds towards its mission rather than executive pay.
How has NIDC's financial health changed over time?
NIDC's financial health has significantly improved over time. Revenue has grown from $1,882,676 in 2015 to $4,108,125 in 2023, and assets have increased substantially from $311,657 in 2015 to $2,979,552 in 2023. While there were periods of deficit (e.g., 2018, 2017, 2015), recent years show strong positive net income, particularly in 2022 ($1,595,300 surplus) and 2023 ($195,937 surplus).
What is the significance of 0% officer compensation?
The 0% officer compensation reported across all filings is highly significant. It suggests that the organization's leadership may be entirely volunteer-based or compensated through other means not classified as officer compensation, or that compensation is extremely low. This practice generally indicates a strong commitment to maximizing funds for programmatic activities and enhances public trust regarding financial stewardship.
Filing History
IRS 990 filing history for Neighborhood Initiatives Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Neighborhood Initiatives Development Corporation's revenue has grown by 147.1%, moving from $1.7M to $4.1M. Total assets increased by 1296.1% over the same period, from $213K to $3.0M. Total functional expenses rose by 127%, from $1.7M to $3.9M. In its most recent filing year (2023), Neighborhood Initiatives Development Corporation reported a surplus of $196K, with revenue exceeding expenses. The organization holds $956K in liabilities against $3.0M in assets (debt-to-asset ratio: 32.1%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.1M | $3.9M | $3.0M | $956K | — | — |
| 2022 | $4.8M | $3.2M | $2.4M | $539K | — | View 990 |
| 2021 | $994K | $865K | $1.8M | $1.5M | — | View 990 |
| 2020 | $2.7M | $2.5M | $1.2M | $865K | — | View 990 |
| 2019 | $2.5M | $2.2M | $1.6M | $1.0M | — | View 990 |
| 2018 | $2.3M | $2.3M | $1.0M | $1.1M | — | View 990 |
| 2017 | $2.5M | $2.6M | $407K | $721K | — | View 990 |
| 2016 | $2.3M | $2.0M | $1.2M | $641K | — | View 990 |
| 2015 | $1.9M | $2.0M | $312K | $660K | — | View 990 |
| 2014 | $1.8M | $1.6M | $1.2M | $1.2M | — | View 990 |
| 2013 | $1.2M | $1.3M | $396K | $541K | — | View 990 |
| 2012 | $1.4M | $1.5M | $474K | $552K | — | View 990 |
| 2011 | $1.7M | $1.7M | $213K | $274K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.1M, expenses of $3.9M, and assets of $3.0M (revenue -14.5% year-over-year).
- 2022: Revenue of $4.8M, expenses of $3.2M, and assets of $2.4M (revenue +383.2% year-over-year).
- 2021: Revenue of $994K, expenses of $865K, and assets of $1.8M (revenue -62.9% year-over-year).
- 2020: Revenue of $2.7M, expenses of $2.5M, and assets of $1.2M (revenue +9.2% year-over-year).
- 2019: Revenue of $2.5M, expenses of $2.2M, and assets of $1.6M (revenue +7.6% year-over-year).
- 2018: Revenue of $2.3M, expenses of $2.3M, and assets of $1.0M (revenue -8.6% year-over-year).
- 2017: Revenue of $2.5M, expenses of $2.6M, and assets of $407K (revenue +6.4% year-over-year).
- 2016: Revenue of $2.3M, expenses of $2.0M, and assets of $1.2M (revenue +24.5% year-over-year).
- 2015: Revenue of $1.9M, expenses of $2.0M, and assets of $312K (revenue +5.3% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.6M, and assets of $1.2M (revenue +44.9% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.3M, and assets of $396K (revenue -14.6% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.5M, and assets of $474K (revenue -13.1% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.7M, and assets of $213K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Neighborhood Initiatives Development Corporation:
Data Sources and Methodology
This transparency report for Neighborhood Initiatives Development Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.