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← NEIGHBORHOOD INITIATIVES DEVELOPMENT CORPORATION

Form 990 for tax year 2024

Filed by NEIGHBORHOOD INITIATIVES DEVELOPMENT CORPORATION.

What the amendment changed

Compared with the return it replaced , filed 12 May 2026. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$4,488,345 changed to $4,471,493
Total expenses
$4,520,347 changed to $4,484,904
Contributions and grants received
$3,646,434 changed to $3,875,417
Program service revenue
$741,652 changed to $495,817
Total assets, end of year
$3,291,577 changed to $3,273,280
Total liabilities, end of year
$1,540,202 changed to $1,503,314
Net assets or fund balances, end of year
$1,751,375 changed to $1,769,966
Program services expenses
$4,196,433 changed to $4,101,463
Management and general expenses
$270,983 changed to $330,510
Program service expenses (Part III)
$4,196,433 changed to $4,101,463

Listed only on the earlier return

  • Albert DAngelo
  • Brad Silver
  • Clifton Edmonds
  • David Edelstein
  • Flora Markaj
  • Molham M Solomon
  • Remy Salas
  • Salvatore Castorina

Listed only on the later return

  • Amy Shebar
  • Donna Wellington
  • Erica Hutchek
  • John Johnson
  • Lauren Roth
  • Malcom Gray

Listed under a different title

  • Christy Olsen: Director of Program Operations then Senior Director for Youth Services
  • Hazel Miura: Derector of Housing & Community Dev then Director for Community Development

Totals

Total revenue
$4,471,493
Total expenses
$4,484,904
Contributions and grants received
$3,875,417
Grants paid
$0
Program service revenue
$495,817
Investment income
$0
Other revenue
$100,259
Total assets, end of year
$3,273,280
Total liabilities, end of year
$1,503,314
Net assets or fund balances, end of year
$1,769,966
Program services expenses (Part IX)
$4,101,463
Management and general expenses
$330,510
Fundraising expenses
$52,931
Program service expenses (Part III)
$4,101,463

Program services were 91.5% 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.

  • 1e · Government grants (contributions)

    $3,629,582

  • 1f · All other contributions, gifts and grants

    $245,835

  • 2a · Program service revenue: Youth program fees

    total $495,817 · related or exempt $495,817

  • 8a · Fundraising events: gross income

    $21,655

  • 8c · Net income from fundraising events

    total $21,655 · excluded $21,655

  • 11a · Other revenue: Fiscal management fees

    total $74,888 · related or exempt $74,888

  • 11b · Other revenue: Other revenues

    total $3,716 · related or exempt $3,716

  • 11e · Other revenue, total

    $78,604

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $2,847,752 · program services $2,791,881 · management and general $55,871

  • 9 · Other employee benefits

    total $498,495 · program services $483,106 · management and general $15,389

  • 11g · Fees: other

    total $277,167 · program services $242,470 · management and general $33,997 · fundraising $700

  • 12 · Advertising and promotion

    total $16,569 · program services $6,011 · management and general $6,920 · fundraising $3,638

  • 13 · Office expenses

    total $603,140 · program services $485,091 · management and general $69,456 · fundraising $48,593

  • 16 · Occupancy

    total $102,661 · program services $15,896 · management and general $86,765

  • 22 · Depreciation, depletion and amortization

    total $11,905 · management and general $11,905

  • 23 · Insurance

    total $43,079 · program services $43,079

  • 24a · Other expenses: Staff training

    total $21,999 · program services $21,782 · management and general $217

  • 24b · Other expenses: Gifts and donations

    total $10,266 · program services $9,566 · management and general $700

  • 24c · Other expenses: Penalties

    total $8,267 · management and general $8,267

  • 24d · Other expenses: Repairs and maintenance

    total $2,835 · program services $2,581 · management and general $254

  • 24e · All other expenses

    total $40,769 · management and general $40,769

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,876 · end of year $41,531

  • 3 · Pledges and grants receivable

    beginning of year $1,491,054 · end of year $2,201,562

  • 4 · Accounts receivable

    beginning of year $199,086 · end of year $329,395

  • 7 · Other notes and loans receivable

    beginning of year $336,696 · end of year $245,078

  • 10a · Land, buildings and equipment: cost or other basis

    $426,737

  • 10b · Land, buildings and equipment: accumulated depreciation

    $422,397

  • 10c · Land, buildings and equipment, net

    beginning of year $16,245 · end of year $4,340

  • 15 · Other assets

    beginning of year $647,973 · end of year $451,374

  • 17 · Accounts payable and accrued expenses

    beginning of year $276,797 · end of year $201,878

  • 18 · Grants payable

    beginning of year $153,182 · end of year $533,378

  • 25 · Other liabilities

    beginning of year $487,574 · end of year $768,058

  • 27 · Net assets without donor restrictions

    beginning of year $1,783,377 · end of year $1,769,966

Mission and programs · 2024

Mission

To create thriving communities that provide safe, affordable housing and help youth prepare for a successful future.

  • Youth activities including afterschool and summer programming - The Organization provides a free or low-cost youth programs to the community. Programming includes, homework assistance, academic enrichment, social/emotional development, leadership development, health and well-being. The Organization works with at risk youth in middle schools, high schools and out of school youth. The Organization also hosts community events including a Holiday Toy Giveaway, Movies Under the Stars and a Spring Street fair. While the majority of programs are provided at no cost to participants, certain activities generate service revenue through program fees.

    Expenses $3,282,923

  • Social Services - The Organization provides social services programs designed to support vulnerable populations facing barriers to meeting their rental obligations. These barriers may include unemployment, underemployment, disability, health-related challenges, family crises, or other economic circumstances that adversely affect a tenants ability to pay rent.

    Expenses $419,465

  • Economic Development - The Organization provides programs that stimulate business growth and economic activity within the community. This program supports a variety of initiatives, including business development services, workforce development programs, entrepreneurial training, access to capital resources, technical assistance, and other activities designed to improve the competitiveness and sustainability of local enterprises.

    Expenses $172,701

  • Housing - The Organization engages in housing services that include landlord/tenant mediation, eviction prevention housing court advocacy, crime prevention initiatives, merchant organizing, technical assistance to neighborhood groups, and landlord and tenant forums. These activities are designed to strengthen neighborhood stability, promote safety, and support residents in maintaining secure housing.

    Expenses $131,049

  • Community Development - The Organization provides community service programs that include vaccine education, voting participation initiatives, racial equity and inclusion programming, mental health awareness, and financial literacy workshops. These activities are designed to promote public health, civic engagement, equity, and individual well-being. All services are offered free of charge to clients. Funding for these programs is derived primarily from government grants.

    Expenses $95,325

As filed on the 2024 return.

Listed in Part VII

  • William Foster

    Executive Director

    Total calculated
    $149,176
    From this org
    $32,561
    From related orgs
    $116,615
    Other
    $0
    Hours/week
    35
  • Amy Shebar

    Associate Executive Director

    Total calculated
    $121,401
    From this org
    $27,441
    From related orgs
    $93,960
    Other
    $0
    Hours/week
    35
  • Donna Wellington

    Director for Finance and Administra

    Total calculated
    $99,930
    From this org
    $22,346
    From related orgs
    $77,584
    Other
    $0
    Hours/week
    35
  • Christy Olsen

    Senior Director for Youth Services

    Total calculated
    $91,938
    From this org
    $19,378
    From related orgs
    $72,560
    Other
    $0
    Hours/week
    35
  • Hazel Miura

    Director for Community Development

    Total calculated
    $74,406
    From this org
    $16,806
    From related orgs
    $57,600
    Other
    $0
    Hours/week
    35
  • Michael J Reichgott

    President

    Total calculated
    $0
    Hours/week
    0
  • John Johnson

    Treasurer

    Total calculated
    $0
    Hours/week
    0
  • Lauren Roth

    Secretary

    Total calculated
    $0
    Hours/week
    0
  • Malcom Gray

    Director for Economic Development

    Total calculated
    $0
    Hours/week
    35
  • Erica Hutchek

    Director for Social Services

    Total calculated
    $0
    Hours/week
    35

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.

Provenance

Return type
form_990
Tax year
2024
Filed
16 July 2026
IRS schema version
2024v5.2
Source object
202612019349300811

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