NEHEMIAH ECONOMIC DEVELOPMENT INC

EIN: 113193964 501(c)(3) Community Improvement

Brooklyn, NY

Total Revenue
$40,181
Total Expenses
$156,799
Total Assets
$416,644
Net Assets
$403,040
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
NY
Principal Officer
LEBENE HORMEKU
Phone
3125820850
Tax Period
2025-01-01 to 2025-12-31

NEHEMIAH ECONOMIC DEVELOPMENT INC, founded in 1999, is a micro nonprofit in the Community Improvement sector that reported $40K in total revenue in fiscal year 2025. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $157K exceeded revenue, resulting in a 290% operating deficit.

Mission

PROVIDED AFFORDABLE HOUSING IN DISADVANTAGE AREAS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $4,232
Other Revenue $35,949
TOTAL REVENUE $40,181

Expense Breakdown

Grants Paid $55,000
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $101,799
TOTAL EXPENSES $156,799

Year-over-Year Comparison

2025 2024 Change
Revenue $40,181 $122,762 -0.7%
Expenses $156,799 $113,401 +0.4%
Net Income $-116,618 $9,361 -13.5%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
2
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A PRESIDENT 020.00
Director
$0 $0 $0
GLORIA OBIOUMA TREASURER 020.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $40,181 $156,799 $416,644 $-116,618
2024 No data No data No data No data
2023 $141,481 $86,927 $522,531 $54,554
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