Neighborhood Initiatives Development Corporation (EIN 133110811) - Form 990 Financial Analysis & Trantor Score

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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

1982

Legal Domicile

Principal Officer

William Foster

Phone

7182319800

Tax Period

2024-07-01 to 2025-06-30

Neighborhood Initiatives Development Corporation, founded in 1982, is a community nonprofit in the Housing & Shelter sector that reported $4.5M in total revenue in fiscal year 2024.

Mission

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

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,646,434

Program Service Revenue $741,652

Investment Income $0

Other Revenue $100,259

TOTAL REVENUE $4,488,345

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,346,247

Fundraising Expenses $52,931

Program Expenses $4,196,433

Other Expenses $1,174,100

TOTAL EXPENSES $4,520,347

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,488,345	$4,347,156	+0.0%
Expenses	$4,520,347	$4,587,346	0.0%
Net Income	$-32,002	$-240,190	-0.9%

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

Governance

Voting Members

Independent Members

N/A

Employees

114

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Salvatore Castorina	Board Member	1.00	Director	$0	$0	$0
Albert DAngelo	Board Member	1.00	Director	$0	$0	$0
Flora Markaj	Board Member	1.00	Director	$0	$0	$0
Remy Salas	Board Member	0.00	Director	$0	$0	$0
Michael J Reichgott	President	1.00	Officer Director	$0	$0	$0
David Edelstein	Secretary	1.00	Officer Director	$0	$0	$0
Brad Silver	Treasurer	1.00	Officer Director	$0	$0	$0
Molham M Solomon	Vice President	1.00	Officer Director	$0	$0	$0
William Foster	Executive Director	35.00	Officer Key Emp	$0	$0	$0
Hazel Miura	Derector of Housing & Community Dev	0.00	Key Emp	$0	$0	$0
Christy Olsen	Director of Program Operations	0.00	Key Emp	$0	$0	$0
Clifton Edmonds	Director of Fiscal Operations	0.00	Key Emp	$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	$4,488,345	$4,520,347	$3,291,577	$-32,002
2024	$4,347,156	$4,587,346	$2,700,930	$-240,190
2024	$4,382,488	$4,587,346	$2,700,929	$-204,858
2023	$4,108,125	$3,912,188	$2,979,552	$195,937
2022	$4,803,772	$3,208,472	$2,366,680	$1,595,300
2020	$2,435,053	$2,316,552	$1,698,508	$118,501
2020	$2,679,285	$2,519,916	$1,196,823	$159,369
2019	$2,452,848	$2,234,225	$1,616,604	$218,623
2019	$2,679,285	$2,519,916	$1,196,823	$159,369
2018	$2,279,014	$2,332,250	$1,034,844	$-53,236
2018	$2,563,360	$2,441,354	$1,024,148	$122,006
2017	$2,622,754	$2,615,023	$535,533	$7,731

Neighborhood Initiatives Development Corporation