Neighborhood Initiatives Development Corporation

Analysis

Neighborhood Initiatives Development Corporation is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in November 1983, 43 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Neighborhood Initiatives Development Corporation reported income of $4.1m and spending of $3.9m, spending 95% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $2.5m to $4.1m (+67%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 383%. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Neighborhood Initiatives Development Corporation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include American Village Communities Inc ($4.1m), India Home Inc ($4.1m) and Aurora Housing Corporation ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 6.5% of the total. Other salaries and wages came to $2.7m. At year end it held assets of $3.0m against liabilities of $956k, net assets of $2.0m. It reported 102 employees.