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Neighborhood Initiatives Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 133110811 ✦ Bronx, NY ✦ Designated as a 501(c)(3)

Overview

What is Neighborhood Initiatives Development Corporation?

Neighborhood Initiatives Development Corporation is a nonprofit organization situated in the Bronx, New York, specifically at 2160 Mathews Avenue Suite-N, 10462. Their primary mission is to foster thriving communities, ensuring the availability of affordable housing and offering resources to help youth achieve future success. During the summer of 2021, they hosted programs such as Summer Rising at PS 96, PS 396, and PSMS 89, serving approximately 550 children. Their youth programs include academic enrichment, homework assistance, social emotional learning, and recreational activities like cheer and basketball. They also offer opportunities for at-risk middle and high school students, engaging them in civic engagement and financial literacy courses. Partnerships with various schools, including PS 105, PS 77, and PS 483, contribute to their youth initiatives. Additionally, they offer afterschool, teen counsel, and adult and senior activities at the Eastchester Gardens (NYCHA) Community Center. Overall, Neighborhood Initiatives Development Corporation serves at least 1200 participants through their Youth Department.


Official website here: www.nidcny.org

Is Neighborhood Initiatives Development Corporation legitimate?

Neighborhood Initiatives Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Initiatives Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,158,933

For more financial information, click here


Official website here: www.nidcny.org

What is the mission statement of Neighborhood Initiatives Development Corporation?

The Neighborhood Initiatives Development Corporation's mission is to establish thriving communities that offer safe, affordable housing and provide opportunities for youth to prepare for a successful future. This organization strives to achieve this goal by hosting programs such as Summer Rising, which served around 550 children in the summer of 2021. In collaboration with various schools, they offer afterschool activities, academic enrichment, and recreational teams for children. Additionally, they engage at-risk middle and high school students in civic engagement and financial literacy courses to equip them with essential life skills.


Official website here: www.nidcny.org

Who is the CEO of Neighborhood Initiatives Development Corporation?

William Foster is the Executive Director of Neighborhood Initiatives Development Corporation.


Official website here: www.nidcny.org

What is the revenue of Neighborhood Initiatives Development Corporation?

Neighborhood Initiatives Development Corporation's revenue in 2022 was $4,803,772.


Official website here: www.nidcny.org

Who are the executives of Neighborhood Initiatives Development Corporation and what are their salaries?

The average compensation at Neighborhood Initiatives Development Corporation during 2022 was $26,011. There are 83 employees at Neighborhood Initiatives Development Corporation.

Here are 12 key members and their salaries:

    William Foster (Executive Director)
  • Compensation: $139,281
  • Related: $0
  • Other: $0

    • Daniel Morales (Deputy Director)
  • Compensation: $82,574
  • Related: $0
  • Other: $0

    • Christy Olsen (Director Of Program Operation)
  • Compensation: $81,478
  • Related: $0
  • Other: $0

    • Donna Wellington (Director Of Finance & Hr)
  • Compensation: $77,016
  • Related: $0
  • Other: $0

    • Hazel Muira (Derector Of Housing)
  • Compensation: $68,639
  • Related: $0
  • Other: $0

    • Amy Shebar (Associate Executive Director)
  • Compensation: $4,231
  • Related: $0
  • Other: $0

    • Edit Shkreli (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Flora Markal (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Albert Dangelo (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Remysell Salas (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael J Reichgott (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Johnson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.nidcny.org

    Where can I find the form 990 for Neighborhood Initiatives Development Corporation?

    The Neighborhood Initiatives Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.nidcny.org

    Learn more at the official website: www.nidcny.org

    Mission Statement of Neighborhood Initiatives Development Corporation

    Neighborhood Initiatives Development Corporation, a nonprofit organization, is dedicated to establishing flourishing communities that offer safe and affordable housing and aid in preparing youth for a prosperous future. Their primary objective is to create environments that foster growth and development for both children and adults.

    The organization's mission is multifaceted, encompassing two main aspects. Firstly, they strive to provide safe and affordable housing, which is a fundamental need for any community to thrive. Secondly, they are committed to assisting youth in their journey towards a successful future. This includes offering afterschool programs, homework assistance, academic enrichment, and social emotional learning opportunities. Additionally, they engage at-risk middle and high school students in civic engagement and financial literacy courses, aiming to equip them with essential life skills.

    In summary, Neighborhood Initiatives Development Corporation is a nonprofit organization that works tirelessly to create thriving communities. By offering safe and affordable housing and comprehensive education and skill development programs for youth, they are investing in the future of their communities, ensuring that both current and future generations can benefit from a nurturing and supportive environment.

    Impact

    This information is meant to be a general summary of Neighborhood Initiatives Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 1, 2024

    Neighborhood Initiatives Development Corporation's impact is evident in the thriving communities they help create, providing safe and affordable housing while also assisting youth in preparing for successful futures. Through programs like Summer Rising and after-school activities at various schools and community centers, they have positively impacted over 1,200 individuals with services ranging from academic enrichment to civic engagement and financial literacy courses. Their dedication to building a strong community in Bronx, NY, is reflected in their commitment to housing and youth development initiatives.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $230,278
  • Gross Receipts: $4,803,772

    • Assets and Liabilities:
  • Total Assets: $2,366,680
  • Total Liabilities: $539,050
  • Net Assets: $1,827,630
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Youth program fees

    Revenue

    $230,278

    Organization Details

    Founding Year

    1982

    Principal Officer

    William Foster

    Main Address

    2160 Mathews Avenue Suite-N, Bronx, NY, 10462

    NTEE Category

    Code: L00Z - Housing

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