Nonprofit · EIN 13-3110811
NEIGHBORHOOD INITIATIVES DEVELOPMENT CORPORATION
Tax-exempt · BRONX, NY 10462
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 (amended) | $4,471,493 | $4,484,904 | -$13,411 | $3,273,280 | $1,503,314 | $1,769,966 |
| June 30, 2024 | 990 (amended) | $4,347,156 | $4,587,346 | -$240,190 | $2,700,930 | $917,553 | $1,783,377 |
| June 30, 2023 | 990 | $4,108,125 | $3,912,188 | $195,937 | $2,979,552 | $955,985 | $2,023,567 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,875,417
- of which government grants
- $3,629,582
- Program service revenue
- $495,817
- Investment income
- $0
- Net income from fundraising events
- $21,655
- Other revenue
- $100,259
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $2,847,752
- Salaries, compensation and benefits (total)
- $3,346,247
- Professional fundraising fees
- $0
- Occupancy
- $102,661
- Depreciation
- $11,905
- Program services (functional)
- $4,101,463
- Management and general (functional)
- $330,510
- Fundraising (functional)
- $52,931
Balance sheet and other
- Total assets, start of year
- $2,700,930
- Total assets, end of year
- $3,273,280
- Total liabilities, end of year
- $1,503,314
- Net assets, end of year
- $1,769,966
- Land, buildings and equipment
- $4,340
- Net assets without donor restrictions
- $1,769,966
- Gross receipts
- $4,471,493
- Employees
- 150
- Year formed
- 1982
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| William Foster | Executive Director Trustee or director, Officer, Highest-paid employee | 35 | $32,561 | $116,615 |
| Amy Shebar | Associate Executive Director Key employee | 35 | $27,441 | $93,960 |
| Donna Wellington | Director for Finance and Administra Key employee | 35 | $22,346 | $77,584 |
| Christy Olsen | Senior Director for Youth Services Key employee | 35 | $19,378 | $72,560 |
| Hazel Miura | Director for Community Development Key employee | 35 | $16,806 | $57,600 |
| Michael J Reichgott | President Officer | 0 | $0 | $0 |
| John Johnson | Treasurer Officer | 0 | $0 | $0 |
| Lauren Roth | Secretary Officer | 0 | $0 | $0 |
| Malcom Gray | Director for Economic Development Key employee | 35 | $0 | $0 |
| Erica Hutchek | Director for Social Services Key employee | 35 | $0 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Remy Salas | Board Member Trustee or director | 0 | $0 |
| Flora Markaj | Board Member Trustee or director | 1 | $0 |
| Albert DAngelo | Board Member Trustee or director | 1 | $0 |
| Salvatore Castorina | Board Member Trustee or director | 1 | $0 |
| David Edelstein | Secretary Trustee or director, Officer | 1 | $0 |
| Michael J Reichgott | President Trustee or director, Officer | 1 | $0 |
| Molham M Solomon | Vice President Trustee or director, Officer | 1 | $0 |
| Brad Silver | Treasurer Trustee or director, Officer | 1 | $0 |
| William Foster | Executive Director Officer, Key employee | 35 | $0 |
| Hazel Miura | Derector of Housing & Communi Key employee | 0 | $0 |
| Clifton Edmonds | Director of Fiscal Operations Key employee | 0 | $0 |
| Christy Olsen | Director of Program Operation Key employee | 0 | $0 |
990 for the year ended June 30, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| William Foster | Executive Director Key employee | 35 | $135,430 |
| Amy Shebar | Associate Executive Director Key employee | 35 | $112,539 |
| Donna Wellington | Director of Finance & HR Key employee | 35 | $107,201 |
| Christy Olsen | Director of Program Operation Key employee | 35 | $86,279 |
| Hazel Muira | Director of Housing Key employee | 35 | $73,671 |
| Pinky Vincent | Director of Community Engagem Key employee | 35 | $40,641 |
| Adam Torres | Board Member Trustee or director | 1 | $0 |
| Remysell Salas | Board Member Trustee or director | 1 | $0 |
| Albert DAngelo | Board Member Trustee or director | 1 | $0 |
| Brad Silver | Board Member Trustee or director | 1 | $0 |
| Flora Markal | Board Member Trustee or director | 1 | $0 |
| Michael J Reichgott | President Officer | 1 | $0 |
| John Johnson | Treasurer Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2160 MATHEWS AVENUE SUITE-N, BRONX, NY 10462-2078
- In care of
- % WILLIAM FOSTER
- Principal officer (990 for 2024)
- William Foster, 2160 Mathews Avenue Suite-N, Bronx, NY 10462
- Signed the 990
- WILLIAM FOSTER, Executive Director
- Phone
- (718) 231-9800
- Website
- WWW.NIDCNY.ORG
- Return prepared by
- Padilla and Company LLP
Mission
To create thriving communities that provide safe, affordable housing and help youth prepare for a successful future.
Program accomplishments
- Youth activities including afterschool and summer programming - The Organization provides a free or low-cost youth programs to the community. Programming includes, homework assistance, academic enrichment, social/emotional development, leadership development, health and well-being. The Organization works with at risk youth in middle schools, high schools and out of school youth. The Organization also hosts community events including a Holiday Toy Giveaway, Movies Under the Stars and a Spring Street fair. While the majority of programs are provided at no cost to participants, certain activities generate service revenue through program fees.Expenses $3,282,923
- Social Services - The Organization provides social services programs designed to support vulnerable populations facing barriers to meeting their rental obligations. These barriers may include unemployment, underemployment, disability, health-related challenges, family crises, or other economic circumstances that adversely affect a tenants ability to pay rent.Expenses $419,465
- Economic Development - The Organization provides programs that stimulate business growth and economic activity within the community. This program supports a variety of initiatives, including business development services, workforce development programs, entrepreneurial training, access to capital resources, technical assistance, and other activities designed to improve the competitiveness and sustainability of local enterprises.Expenses $172,701
- Housing - The Organization engages in housing services that include landlord/tenant mediation, eviction prevention housing court advocacy, crime prevention initiatives, merchant organizing, technical assistance to neighborhood groups, and landlord and tenant forums. These activities are designed to strengthen neighborhood stability, promote safety, and support residents in maintaining secure housing.Expenses $131,049
- Community Development - The Organization provides community service programs that include vaccine education, voting participation initiatives, racial equity and inclusion programming, mental health awareness, and financial literacy workshops. These activities are designed to promote public health, civic engagement, equity, and individual well-being. All services are offered free of charge to clients. Funding for these programs is derived primarily from government grants.Expenses $95,325
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 13-3110811
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1983
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L00Z)
- Assets (IRS master file)
- $3,273,280
- Income (IRS master file)
- $4,471,493
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,471,493 | $4,484,904 | $3,273,280 | XML |
| 990 | June 2024 | $4,347,156 | $4,587,346 | $2,700,930 | XML |
| 990 | June 2023 | $4,108,125 | $3,912,188 | $2,979,552 | XML |
| 990 | June 2022 | $4,803,772 | $3,208,472 | $2,366,680 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-3110811).
Questions about NEIGHBORHOOD INITIATIVES DEVELOPMENT CORPORATION
- What is the EIN of NEIGHBORHOOD INITIATIVES DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of NEIGHBORHOOD INITIATIVES DEVELOPMENT CORPORATION is 13-3110811.
- Is NEIGHBORHOOD INITIATIVES DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to NEIGHBORHOOD INITIATIVES DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEIGHBORHOOD INITIATIVES DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEIGHBORHOOD INITIATIVES DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEIGHBORHOOD INITIATIVES DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NEIGHBORHOOD INITIATIVES DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names William Foster.
- Who are the officers and directors of NEIGHBORHOOD INITIATIVES DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 10 people; 5 received compensation from the organization, the highest $32,561 (William Foster, Executive Director).
- How much revenue does NEIGHBORHOOD INITIATIVES DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,471,493, expenses of $4,484,904 and total assets of $3,273,280 at year end.
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