Overview
What is Neighborhood Improvement Development Corporation?
The Neighborhood Improvement Development Corporation is a nonprofit organization established by the City of Milwaukee, Wisconsin. Its primary mission is to stimulate private lending institutions and property owners to invest in revitalizing the community's homes and businesses. The corporation is managed by a board of directors composed of members from both the public and private sectors. The City of Milwaukee incorporates the corporation as a component unit enterprise fund in its comprehensive annual financial report, indicating the city's oversight responsibilities and financial accountability for the grant programs administered by the corporation. By encouraging improvements, the Neighborhood Improvement Development Corporation plays a crucial role in enhancing the overall appearance and vitality of Milwaukee's neighborhoods.
Official website here: www.city.milwaukee.gov/dcd/nidc
Is Neighborhood Improvement Development Corporation legitimate?
Neighborhood Improvement Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Improvement 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: $0
For more financial information, click here
Official website here: www.city.milwaukee.gov/dcd/nidc
What is the mission statement of Neighborhood Improvement Development Corporation?
The Neighborhood Improvement Development Corporation, established by a city in Wisconsin, is a nonprofit organization with a mission to stimulate reinvestment in both residential and commercial structures within the city. It encourages private lending institutions and property owners to make improvements to the community's homes and businesses through various programs. The corporation is overseen and financially accountable to the city due to its grant programs, and it is managed by a board of directors comprising members from both the public and private sectors. The city includes the corporation as a component unit enterprise fund in its comprehensive annual financial report, reflecting its oversight responsibilities.
Official website here: www.city.milwaukee.gov/dcd/nidc
Who is the CEO of Neighborhood Improvement Development Corporation?
David Schroeder is the Board Member of Neighborhood Improvement Development Corporation.
Official website here: www.city.milwaukee.gov/dcd/nidc
What is the revenue of Neighborhood Improvement Development Corporation?
Neighborhood Improvement Development Corporation's revenue in 2022 was $265,267.
Official website here: www.city.milwaukee.gov/dcd/nidc
Who are the executives of Neighborhood Improvement Development Corporation and what are their salaries?
There 8 volunteers at Neighborhood Improvement Development Corporation.
Here are 8 key members and their salaries:
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- Related: $78,130
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- Other: $0
Official website here: www.city.milwaukee.gov/dcd/nidc
Where can I find the form 990 for Neighborhood Improvement Development Corporation?
Neighborhood Improvement Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.city.milwaukee.gov/dcd/nidc
Learn more at the official website: www.city.milwaukee.gov/dcd/nidc
Mission Statement of Neighborhood Improvement Development Corporation
The Neighborhood Improvement Development Corporation, established by the City of Milwaukee, Wisconsin, is a nonprofit organization with a mission to foster reinvestment in both residential and commercial structures within the city. This mission is achieved by encouraging private lending institutions and property owners to make improvements to the community's homes and businesses. The Corporation is managed by a board of directors, comprising members from both the public and private sectors. The City of Milwaukee includes the Corporation as a component unit enterprise fund in its comprehensive annual financial report. This designation is based on the City's oversight responsibilities and financial accountability in connection with the grant programs administered by the Corporation. In essence, the Neighborhood Improvement Development Corporation works to enhance the city's infrastructure and appearance by facilitating improvements to local homes and businesses.
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Impact
October, 2024
The Neighborhood Improvement Development Corporation plays a critical role in revitalizing Milwaukee's communities by fostering collaboration between private lending institutions and property owners. By encouraging investments in both residential and commercial properties, the Corporation promotes improvements that enhance the overall quality of life for residents and stimulate economic growth within the city.
Through its programs, the Corporation not only facilitates funding for home and business renovations but also strengthens community pride and stability. The involvement of a diverse board of directors, representing both public and private sectors, ensures that the initiatives are well-rounded and address the community's unique needs. As a component unit of Milwaukee’s financial structure, the Corporation effectively integrates its efforts into the city's broader economic strategies, reinforcing transparency and accountability in its operations.
Overall, the Neighborhood Improvement Development Corporation’s impact is seen in the revitalization of neighborhoods, the encouragement of responsible lending, and the positive transformation of both housing and business environments in Milwaukee.
This information is meant to be a general summary of Neighborhood Improvement 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.
- Investment Income: $24,775
- Program Service Revenue: $56,499
- Gross Receipts: $509,038
Assets and Liabilities:
- Total Assets: $3,890,340
- Total Liabilities: $950,371
- Net Assets: $2,939,969
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES INCOME
Revenue
$42,579
LOAN LOSS PROVISION
Revenue
$8,609
INTEREST ON LOANS
Revenue
$5,311
Organization Details
Founding Year
1973
Phone
(414) 286-5608Principal Officer
David Schroeder
Main Address
809 N BROADWAY THIRD FLOOR, MILWAUKEE, WI, 53202
NTEE Category
Code: L80Z - Housing
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