Overview
What is Neighborhood Investment Corporation?
Neighborhood Investment Corporation, situated in Des Moines, Iowa, is a nonprofit organization that offers a significant contribution to the community. They provide an alternative school facility for a decade, free of charge, utilizing 70% of the ground floor. Furthermore, they offer office space and a conference facility for various non-profit entities at a minimal cost. With a dedicated team of eight employees, the corporation aims to support and accommodate the needs of these non-profit organizations, contributing to the betterment of the community.
Is Neighborhood Investment Corporation legitimate?
Neighborhood Investment Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Investment 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: $62,400
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What is the mission statement of Neighborhood Investment Corporation?
The Neighborhood Investment Corporation serves a mission to provide an alternative school facility at no cost for a decade, utilizing 70% of its ground floor. Moreover, it offers office space and a conference facility for various non-profit entities at a minimal cost. This act of generosity aims to support and empower these non-profit organizations in their endeavors. The corporation's mission is a testament to its commitment to contributing to the community by providing essential resources at affordable prices.
Who is the CEO of Neighborhood Investment Corporation?
David Mowitz is the President of Neighborhood Investment Corporation.
What is the revenue of Neighborhood Investment Corporation?
Neighborhood Investment Corporation's revenue in 2022 was $245,956.
Who are the executives of Neighborhood Investment Corporation and what are their salaries?
The average compensation at Neighborhood Investment Corporation during 2022 was $7,800. There are 8 employees and 5 volunteers at Neighborhood Investment Corporation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Neighborhood Investment Corporation?
Neighborhood Investment Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Neighborhood Investment Corporation
The Neighborhood Investment Corporation, as a dedicated entity, provides an alternative school facility free of charge for a decade, occupying approximately 70% of the ground floor. Beyond this, the corporation offers office space and a conference facility to various non-profit organizations at a nominal cost. In essence, the Neighborhood Investment Corporation's mission is to support the non-profit sector by offering essential infrastructure at affordable rates, thereby facilitating their operations and contributions to the community.
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Impact
October, 2024
Neighborhood Investment Corporation significantly impacts the community by providing valuable resources and space for local organizations. By offering an alternate school facility at no cost for a decade, it ensures that educational opportunities remain accessible to those who need them most. The commitment to allocate 70% of the ground floor for this purpose highlights its dedication to fostering educational growth.
In addition to educational support, the corporation provides office space and a conference facility for nonprofit entities at a nominal cost. This initiative helps local nonprofits operate more efficiently, facilitating collaboration and enhancing their ability to serve the community. By reducing operational costs, Neighborhood Investment Corporation empowers these organizations to focus more on their missions, ultimately driving community improvement and strengthening the social fabric of Des Moines, IA.
This information is meant to be a general summary of Neighborhood Investment 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: $7
- Program Service Revenue: $245,949
- Gross Receipts: $245,956
Assets and Liabilities:
- Total Assets: $2,730,184
- Total Liabilities: $214,876
- Net Assets: $2,515,308
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Organization Details
Founding Year
2003
Phone
(515) 288-0715Principal Officer
David Mowitz
Main Address
1620 PLEASANT STREET, DES MOINES, IA, 503141675
NTEE Category
Code: S202 - Community improvement
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