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
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, earning it a Two-Star out of Four Star rating.
Neighborhood Initiatives Development Corporation has received a two-star rating from Charity Navigator, indicating notable concerns regarding its governance and accountability practices. The organization scored well in areas like financial oversight and maintaining a low liabilities-to-assets ratio, but it lacks independent board members and has critical missing policies such as conflict of interest and whistleblower protections.
While the organization demonstrates a high program expense ratio, indicating efficient use of funds towards its mission, the absence of independent oversight raises questions about its governance. The lack of transparency in providing essential documents, like tax forms, further diminishes its accountability to stakeholders. These limitations may affect potential donors' confidence in the nonprofit's operational integrity and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare 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:
- Compensation: $139,281
- Related: $0
- Other: $0
- Compensation: $82,574
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- Other: $0
- Compensation: $81,478
- Related: $0
- Other: $0
- Compensation: $77,016
- Related: $0
- Other: $0
- Compensation: $68,639
- Related: $0
- Other: $0
- Compensation: $4,231
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.nidcny.org
Where can I find the form 990 for Neighborhood Initiatives Development Corporation?
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.
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Impact
August, 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.
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.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- 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
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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
Website
www.nidcny.orgNTEE Category
Code: L00Z - Housing
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