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Nonprofit · EIN 42-1522241

NEIGHBORHOOD INVESTMENT CORPORATION

Tax-exempt · DES MOINES, IA 50314

Financials

$299K$751K2023$2.2M$3.6M2024$2.2M$3.5M2025
Revenue Expenses · by fiscal year end
Financials of NEIGHBORHOOD INVESTMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$2,193,984$3,537,803-$1,343,819$13,156,620$14,402,473-$1,245,853
December 31, 2024990$2,155,442$3,579,058-$1,423,616$14,668,228$14,570,262$97,966
December 31, 2023990$298,614$750,609-$451,995$2,257,111$193,798$2,063,313
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$2,191,945
Investment income
$2,039
Other revenue
$0

Expenses

Grants and similar amounts paid
$250
Other salaries and wages
$62,400
Salaries, compensation and benefits (total)
$67,569
Professional fundraising fees
$0
Legal fees
$4,485
Accounting fees
$38,746
Occupancy
$1,456,167
Depreciation
$1,375,352
Program services (functional)
$3,537,803

Balance sheet and other

Total assets, start of year
$14,668,228
Total assets, end of year
$13,156,620
Total liabilities, end of year
$14,402,473
Net assets, end of year
-$1,245,853
Land, buildings and equipment
$12,760,528
Net assets without donor restrictions
-$1,245,853
Gross receipts
$2,193,984
Employees
1
Year formed
2001
State of legal domicile
IA

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, 2025, highest compensation first.

NameTitleHours / weekCompensation
DAVID MOWITZPresident
Trustee or director, Officer
5$0
KELLI LYDONVP and Secretary
Trustee or director, Officer
3$0
ABBIE GILROYTreasurer
Trustee or director, Officer
1$0
CARL VOSSDirector
Trustee or director
0$0
MARY NEIDERBACHDirector
Trustee or director
0$0
LUCAS KANEDirector
Trustee or director
0$0
YORK TAENZERDirector
Trustee or director
0$0
990 for the year ended December 31, 2024: 7 people
NameTitleHours / weekCompensation
DAVID MOWITZPresident
Trustee or director, Officer
5$0
KELLI LYDONVP and Secretary
Trustee or director, Officer
3$0
ABBIE GILROYTreasurer
Trustee or director, Officer
1$0
CARL VOSSDirector
Trustee or director
0$0
MARY NEIDERBACHDirector
Trustee or director
0$0
LUCAS KANEDirector
Trustee or director
0$0
YORK TAENZERDirector
Trustee or director
0$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
DAVID MOWITZPRESIDENT
Trustee or director, Officer
5$0
KELLI LYDONVICE PRESIDENT & SECRETARY
Trustee or director, Officer
3$0
ABBEY GILROYTREASURER
Trustee or director, Officer
1$0
LUCAS KANEDIRECTOR
Trustee or director
0$0
MARY NEIDERBACHDIRECTOR
Trustee or director
0$0
CARL VOSSDIRECTOR
Trustee or director
0$0
YORK TAENZERDIRECTOR
Trustee or director
0$0

Address and contacts

Address (IRS master file)
1620 PLEASANT ST STE 200, DES MOINES, IA 50314-1677
In care of
% DAVID A MOWITZ
Principal officer (990 for 2025)
David A Mowitz, 1620 Pleasant Street Ste 200, Des Moines, IA 50314
Signed the 990
DAVID A MOWITZ, President
Phone
(515) 288-0715
Return prepared by
Pink Ribbon Consulting

Mission

Operate the Mickle Resource Center (Mickle Center), a facility that provides office space and meeting rooms for nonprofit entities and entrepreneurial and small businesses, and affordable apartment buildings that address housing needs of Des Moines inner-city neighborhoods.

990 for the year ended December 31, 2025

Program accomplishments

  • Affordable apartment buildings that address housing needs of Des Moines inner-city neighborhoods.
    Expenses $3,234,055 · revenue $1,954,971
  • Operate the Nelda and Robert Mickle Resource Center (Mickle Center), a facility that provides office space and meeting rooms for nonprofit entities and entrepreneurial and small businesses.
    Expenses $303,748 · grants $250 · revenue $236,974

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
42-1522241
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
2002
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$13,156,620
Income (IRS master file)
$2,193,984

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$2,193,984$3,537,803$13,156,620XML
990December 2024$2,155,442$3,579,058$14,668,228XML
990December 2023$298,614$750,609$2,257,111XML
990December 2022$245,956$767,342$2,730,184IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 42-1522241).

Questions about NEIGHBORHOOD INVESTMENT CORPORATION

What is the EIN of NEIGHBORHOOD INVESTMENT CORPORATION?
The employer identification number (EIN) of NEIGHBORHOOD INVESTMENT CORPORATION is 42-1522241.
Is NEIGHBORHOOD INVESTMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
Are donations to NEIGHBORHOOD INVESTMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NEIGHBORHOOD INVESTMENT 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 INVESTMENT CORPORATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NEIGHBORHOOD INVESTMENT CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of NEIGHBORHOOD INVESTMENT CORPORATION?
The 990 for the year ended December 31, 2025 names David A Mowitz.
Who are the officers and directors of NEIGHBORHOOD INVESTMENT CORPORATION?
The 990 for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
How much revenue does NEIGHBORHOOD INVESTMENT CORPORATION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $2,193,984, expenses of $3,537,803 and total assets of $13,156,620 at year end.

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