Nonprofit · EIN 23-7380888
NEIGHBORHOOD IMPROVEMENT DEVELOPMENT CORPORATION INC
Tax-exempt · MILWAUKEE, WI 53202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $171,748 | $255,280 | -$83,532 | $3,592,477 | $715,791 | $2,876,686 |
| December 31, 2023 | 990 | $195,303 | $235,591 | -$40,288 | $4,175,584 | $1,275,903 | $2,899,681 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $115,132
- of which government grants
- $55,132
- Program service revenue
- $49,465
- Investment income
- $16,869
- Net rental income
- -$33,528
- Net gain from sales of assets
- -$15,349
- Other revenue
- -$9,718
Expenses
- Grants and similar amounts paid
- $145,132
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $538
- Occupancy
- $20,000
- Travel
- $13,392
- Program services (functional)
- $183,300
- Management and general (functional)
- $71,980
Balance sheet and other
- Total assets, start of year
- $4,175,584
- Total assets, end of year
- $3,592,477
- Total liabilities, end of year
- $715,791
- Net assets, end of year
- $2,876,686
- Land, buildings and equipment
- $403,890
- Net assets without donor restrictions
- $2,241,037
- Net assets with donor restrictions
- $635,649
- Gross receipts
- $377,201
- Employees
- 0
- Volunteers
- 8
- Year formed
- 1973
- State of legal domicile
- WI
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| MILELE COGGS | BOARD MEMBER Trustee or director | 0.5 | $0 | $86,137 |
| JAMES WITKOWIAK | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| DARRYL JOHNSON | VICE CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| MIGUEL PASQUEIRA | SECRETARY/TREASURER Trustee or director | 0.5 | $0 | $0 |
| CARLA CROSS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| FRANK CUMBERBATCH | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| SUZETTE DIDENKO | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| OBIAGELI NWABUZOR | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| MILELE COGGS | BOARD MEMBER Trustee or director | 0.5 | $0 | $78,802 |
| JAMES WITKOWIAK | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| DARRYL JOHNSON | VICE CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| MIGUEL PASQUEIRA | SECRETARY/TREASURER Trustee or director | 0.5 | $0 | $0 |
| CARLA CROSS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| FRANK CUMBERBATCH | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| FRED CURZAN | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| OBIAGELI NWABUZOR | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 809 N BROADWAY THIRD FLOOR, MILWAUKEE, WI 53202-3617
- Principal officer (990 for 2024)
- DAVID SCHROEDER, 809 N BROADWAY THIRD FLOOR, MILWAUKEE, WI 53202
- Signed the 990
- DAVID SCHROEDER, DIRECTOR OF FINANCE & ADMIN
- Phone
- (414) 286-5608
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
THE NEIGHBORHOOD IMPROVEMENT DEVELOPMENT CORPORATION (THE CORPORATION) IS A NONPROFIT CORPORATION ESTABLISHED BY THE CITY OF MILWAUKEE, WISCONSIN (THE CITY), TO PROMOTE REINVESTMENT IN BOTH HOUSING AND COMMERCIAL STRUCTURES WITHIN THE CITY. THE CORPORATION'S PROGRAMS ENCOURAGE 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 MADE UP OF MEMBERS FROM 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 COMPONENT UNIT DESIGNATION IS BASED ON THE OVERSIGHT RESPONSIBILITIES AND FINANCIAL ACCOUNTABILITY OF THE CITY IN CONNECTION WITH THE GRANT PROGRAMS ADMINISTERED BY THE CORPORATION.
Program accomplishments
- NEIGHBORHOOD REVITALIZATION - ENCOURAGE PRIVATE LENDING INSTITUTIONS AND PROPERTY OWNERS TO MAKE IMPROVEMENTS TO THE COMMUNITY'S HOMES AND BUSINESSES.Expenses $158,094 · grants $145,132
- HOUSING PRODUCTION - ALL EXPENSES RELATED TO THE REHABILITATION AND RESALE OF HOUSES IN LOW-INCOME AREAS TO LOW-INCOME INDIVIDUALS WHO OTHERWISE WOULD LIKELY NOT QUALIFY FOR BANK FINANCING.Expenses $25,206 · revenue $49,465
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7380888
- 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
- 1976
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L80Z)
- Assets (IRS master file)
- $3,592,477
- Income (IRS master file)
- $377,201
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $171,748 | $255,280 | $3,592,477 | XML |
| 990 | December 2023 | $195,303 | $235,591 | $4,175,584 | XML |
| 990 | December 2022 | $265,267 | $311,356 | $3,890,340 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 23-7380888).
Questions about NEIGHBORHOOD IMPROVEMENT DEVELOPMENT CORPORATION INC
- What is the EIN of NEIGHBORHOOD IMPROVEMENT DEVELOPMENT CORPORATION INC?
- The employer identification number (EIN) of NEIGHBORHOOD IMPROVEMENT DEVELOPMENT CORPORATION INC is 23-7380888.
- Is NEIGHBORHOOD IMPROVEMENT DEVELOPMENT CORPORATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1976.
- Are donations to NEIGHBORHOOD IMPROVEMENT DEVELOPMENT CORPORATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEIGHBORHOOD IMPROVEMENT DEVELOPMENT CORPORATION INC 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 IMPROVEMENT DEVELOPMENT CORPORATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEIGHBORHOOD IMPROVEMENT DEVELOPMENT CORPORATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NEIGHBORHOOD IMPROVEMENT DEVELOPMENT CORPORATION INC?
- The 990 for the year ended December 31, 2024 names DAVID SCHROEDER.
- Who are the officers and directors of NEIGHBORHOOD IMPROVEMENT DEVELOPMENT CORPORATION INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does NEIGHBORHOOD IMPROVEMENT DEVELOPMENT CORPORATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $171,748, expenses of $255,280 and total assets of $3,592,477 at year end.
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