Nonprofit · EIN 81-5263340
NMI COMMUNITY DEVELOPMENTS CORPORATION
Tax-exempt · RESTON, VA 20191
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $0 | $78,677 | -$78,677 | $1,721,256 | $19,055 | $1,702,201 |
| December 31, 2023 | 990 | $0 | $78,558 | -$78,558 | $1,796,773 | $15,895 | $1,780,878 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $3,160
- Program services (functional)
- $75,517
- Management and general (functional)
- $3,160
Balance sheet and other
- Total assets, start of year
- $1,796,773
- Total assets, end of year
- $1,721,256
- Total liabilities, end of year
- $19,055
- Net assets, end of year
- $1,702,201
- Gross receipts
- $0
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2017
- State of legal domicile
- VA
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 |
|---|---|---|---|
| REVEREND R DAVID HALL | PRESIDENT Trustee or director, Officer | 0.15 | $0 |
| NIA W GANDY | VICE-PRESIDENT Trustee or director, Officer | 0.15 | $0 |
| MICHAEL ALEXANDER | SECRETARY Trustee or director, Officer | 1 | $0 |
| ROBERT CATALANOTTO | TREASURER Trustee or director, Officer | 0.15 | $0 |
| DAVID BRANDT | DIRECTOR Trustee or director | 0.15 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| REVEREND R DAVID HALL | PRESIDENT Trustee or director, Officer | 0.15 | $0 |
| NIA W GANDY | VICE-PRESIDENT Trustee or director, Officer | 0.15 | $0 |
| MICHAEL ALEXANDER | SECRETARY Trustee or director, Officer | 1 | $0 |
| ROBERT CATALANOTTO | TREASURER Trustee or director, Officer | 0.15 | $0 |
| DAVID BRANDT | DIRECTOR Trustee or director | 0.15 | $0 |
Address and contacts
- Address (IRS master file)
- 12020 SUNRISE VALLEY DR STE 100, RESTON, VA 20191-3429
- Mailing address (990-N for 2017)
- 8603 Westwood Center Drive Suite 2, Vienna VA 22182
- Principal officer (990 for 2024)
- MICHAEL P ALEXANDER, 12020 SUNRISE VALLEY DRIVE 100, RESTON, VA 20191
- Principal officer (990-N for 2017)
- Michael P Alexander, 8603 Westwood Center Drive Suite 2, Vienna VA 22182
- Signed the 990
- MICHAEL ALEXANDER, MANAGING DIRECTOR
- Phone
- (703) 639-0122
- Website
- NEWMARKETINVESTORS.COM
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
SEE STATEMENT O
Program accomplishments
- SEE SCHEDULE ONMI CDC IS FOCUSED ON BUILDING MODERN COMMUNITY SPACES OUT OF UNDERUTILIZED PROPERTY LOCATED IN DISADVANTAGED NEIGHBORHOODS. NEIGHBORHOODS IN HIGH POVERTY LOCATIONS SEVERELY LACK WELL SPONSORED COMMUNITY SPACES OPEN TO FOLKS LOOKING TO SELF-IMPROVE AND DEVELOP STRONGER BONDS WITH THEIR FAMILIES AND NEIGHBORS. OUR NEW SPACES PROVIDE A SAFE, MODERN AND WELL MANAGED LOCATION TO BRING RESOURCES AND PROGRAMS INTENDED TO GREATLY ENHANCE THE LIVES OF OUR NEIGHBORS. EXAMPLES OF OUR POSITIVE PROGRAMMING INCLUDE AFTER SCHOOL ENRICHMENT, SUMMER SCHOOL, ADULT LEARNING, SOCIAL CLUBS, SPORTS WATCH AND RESIDENT APPRECIATIONS (BIRTHDAYS, ANNIVERSARIES, FATHER'S DAY, MOTHER'S DAY, FOR EXAMPLE).NMI CDC WILL INITIALLY FOCUS ON COMMUNITY CENTER DEVELOPMENT IN NEIGHBORHOODS LOCATED NEAR PROPERTIES CURRENTLY OWNED AND MANAGED BY MR. ALEXANDER'S REAL ESTATE FIRM, NEW MARKET INVESTORS LLC. WE HAVE COMPLETED TWO COMMUNITY CENTERS TO DATE WITH THREE MORE UNDER PREDEVELOPMENT DESIGN AND BUDGETING. NMI CDC IS DEDICATED TO PRESERVING AND CREATING AFFORDABLE HOUSING OPPORTUNITIES FOR LESS FORTUNATE FAMILIES. WHILE WE ARE CAPABLE OF AND INTEND TO FILL A VARIETY OF ROLES WITHIN THE AFFORDABLE HOUSING INDUSTRY.Expenses $75,517
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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
- 81-5263340
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2017
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $1,721,256
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $0 | $78,677 | $1,721,256 | IRS |
| 990 | December 2023 | $0 | $78,558 | $1,796,773 | XML |
| 990 | December 2022 | $355,520 | $78,432 | $1,872,316 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2017 Officer: Michael P Alexander | December 31, 2017 | ≤ $50,000 receipts | – | – | e-Postcard |
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 81-5263340).
Questions about NMI COMMUNITY DEVELOPMENTS CORPORATION
- What is the EIN of NMI COMMUNITY DEVELOPMENTS CORPORATION?
- The employer identification number (EIN) of NMI COMMUNITY DEVELOPMENTS CORPORATION is 81-5263340.
- Is NMI COMMUNITY DEVELOPMENTS CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to NMI COMMUNITY DEVELOPMENTS CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NMI COMMUNITY DEVELOPMENTS CORPORATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of NMI COMMUNITY DEVELOPMENTS CORPORATION 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 NMI COMMUNITY DEVELOPMENTS CORPORATION 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 NMI COMMUNITY DEVELOPMENTS CORPORATION?
- The 990 for the year ended December 31, 2024 names MICHAEL P ALEXANDER.
- Who are the officers and directors of NMI COMMUNITY DEVELOPMENTS CORPORATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does NMI COMMUNITY DEVELOPMENTS CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $0, expenses of $78,677 and total assets of $1,721,256 at year end.
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