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Nonprofiteer
← NMI COMMUNITY DEVELOPMENTS CORPORATION

Form 990 for tax year 2022

Filed by NMI COMMUNITY DEVELOPMENTS CORPORATION.

Totals

Total revenue
$355,520
Total expenses
$78,432
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$355,520
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,872,316
Total liabilities, end of year
$12,880
Net assets or fund balances, end of year
$1,859,436
Program services expenses (Part IX)
$75,518
Management and general expenses
$2,914
Fundraising expenses
$0
Program service expenses (Part III)
$75,518

Program services were 96.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: INCOME FROM INVESTMENT

    total $355,520 · related or exempt $355,520

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $2,880 · management and general $2,880

  • 11g · Fees: other

    total $34 · management and general $34

  • 24a · Other expenses: 743 DEPRECIATION

    total $75,518 · program services $75,518

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,975 · end of year $5,939

  • 13 · Investments: program-related

    beginning of year -$355,407 · end of year $0

  • 15 · Other assets

    beginning of year $1,941,893 · end of year $1,866,377

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,000 · end of year $12,880

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,582,461 · end of year $1,859,436

Mission and programs · 2022

Mission

SEE STATEMENT O

Activities or mission (Part I)

SEE SCHEDULE O

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $75,518 · Revenue $355,520

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Reverend R David Hall

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.15

  • Nia W Gandy

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    0.15

  • Michael Alexander

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Robert Catalanotto

    TREASURER

    Total calculated
    $0
    Hours/week
    0.15

  • David Brandt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • WALBRAFF ASSOCIATES LP

    RELATED · REAL ESTATE RENTALS · VA · 99.99% owned · share of income $279,889

    Directly controlled by NMI COMMUNITY DEVELOPMENT CORPORATION

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202313199349300726

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