NEIGHBORHOOD IMPROVEMENT DEVELOPMENT CORPORATION

EIN: 237380888 501(c)(3) Housing & Shelter

MILWAUKEE, WI

Total Revenue
$195,303
Total Expenses
$235,591
Total Assets
$4,175,584
Net Assets
$2,899,681
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
WI
Principal Officer
DAVID SCHROEDER
Phone
4142865608
Tax Period
2023-01-01 to 2023-12-31

NEIGHBORHOOD IMPROVEMENT DEVELOPMENT CORPORATION, founded in 1973, is a small nonprofit in the Housing & Shelter sector that reported $195K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $236K exceeded revenue, resulting in a 21% operating deficit.

Mission

ENCOURAGE PRIVATE LENDING INSTITUTIONS AND PROPERTY OWNERS TO MAKE IMPROVEMENTS TO THE COMMUNITY'S HOMES AND BUSINESSES. THE CORPORATION IS MANAGED BY A BOARD OF DIRECTORS MADE UP OF MEMBERS FORM THE PUBLIC AND PRIVATE SECTORS. THE CITY OF MILWAUKEE INCLUDES THE CORPORATION AS A COMPONENT UNIT ENTERPRISE FUND IN ITS COMPREHENSIVE ANNUAL FINANCIAL REPORT. THIS COMPONENT UNITY DESIGNATION IS BASED ON THE OVERSIGHT RESPONSIBILITIES AND FINANCIAL ACCOUNTABILITY OF THE CITY IN CONNECTION WITH THE GRANT PROGRAMS ADMINISTRATED BY THE CORPORATION.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $149,332
Program Service Revenue $41,400
Investment Income $-14,251
Other Revenue $18,822
TOTAL REVENUE $195,303

Expense Breakdown

Grants Paid $119,407
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $173,377
Other Expenses $116,184
TOTAL EXPENSES $235,591

Year-over-Year Comparison

2023 2022 Change
Revenue $195,303 $265,267 -0.3%
Expenses $235,591 $311,356 -0.2%
Net Income $-40,288 $-46,089 -0.1%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
8
Independent Members
7
Employees
N/A
Volunteers
8

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
2
$0
Total Directors
8
$78,802
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MILELE COGGS BOARD MEMBER 0.50
Director
$0 $0 $78,802
JAMES WITKOWIAK CHAIR 0.50
Officer Director
$0 $0 $0
DARRYL JOHNSON VICE CHAIR 0.50
Officer Director
$0 $0 $0
MIGUEL PASQUEIRA SECRETARY/TREASURER 0.50
Director
$0 $0 $0
CARLA CROSS BOARD MEMBER 0.50
Director
$0 $0 $0
FRANK CUMBERBATCH BOARD MEMBER 0.50
Director
$0 $0 $0
FRED CURZAN BOARD MEMBER 0.50
Director
$0 $0 $0
OBIAGELI NWABUZOR BOARD MEMBER 0.50
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
2024 No data No data No data No data
2023 $195,303 $235,591 $4,175,584 $-40,288
2022 $265,267 $311,356 $3,890,340 $-46,089
2021 $220,351 $245,125 $3,866,325 $-24,774
2020 $214,395 $11,845 $3,641,623 $202,550
2019 $143,758 $124,807 $3,740,307 $18,951
2018 $197,415 $204,353 $3,613,972 $-6,938
Explore More Nonprofits
→Top 100 Nonprofits in Wisconsin →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare NEIGHBORHOOD IMPROVEMENT DEVELOPMENT CORPORATION with other nonprofits in Wisconsin and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.