NMI COMMUNITY DEVELOPMENTS CORPORATION (EIN 815263340) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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

Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

MICHAEL P ALEXANDER

Phone

7036390122

Tax Period

2023-01-01 to 2023-12-31

NMI COMMUNITY DEVELOPMENTS CORPORATION, founded in 2017, is a small nonprofit in the Housing & Shelter sector that reported $370K in total revenue in fiscal year 2018. The organization ran a surplus of $370K, a strong 100% operating margin.

Mission

NMI CDC IS FOCUSED ON BUILDING MODERN COMMUNITY SPACES OUT OF UNDERUTILIZED PROPERTY LOCATED IN DISADVANTAGED NEIGHBORHOODS. NEIGHBORHOODS IN HIGH POVERTY LOCATIONS SEVERELY LACK WELL SPONSORED COMMUNITY SPACES OPEN TO FOLKS LOOKING TO SELF-IMPROVE AND DEVELOP STRONGER BONDS WITH THEIR FAMILIES AND NEIGHBORS. OUR NEW SPACES PROVIDE A SAFE, MODERN AND WELL MANAGED LOCATION TO BRING RESOURCES AND PROGRAMS INTENDED TO GREATLY ENHANCE THE LIVES OF OUR NEIGHBORS. EXAMPLES OF OUR POSITIVE PROGRAMMING INCLUDE AFTER SCHOOL ENRICHMENT, SUMMER SCHOOL, ADULT LEARNING, SOCIAL CLUBS, SPORTS WATCH AND RESIDENT APPRECIATIONS (BIRTHDAYS, ANNIVERSARIES, FATHER'S DAY, MOTHER'S DAY, FOR EXAMPLE). NMI CDC WILL INITIALLY FOCUS ON COMMUNITY CENTER DEVELOPMENT IN NEIGHBORHOODS LOCATED NEAR PROPERTIES CURRENTLY OWNED AND MANAGED BY MR. ALEXANDER'S REAL ESTATE FIRM, NEW MARKET INVESTORS LLC. WE HAVE COMPLETED TWO COMMUNITY CENTERS TO DATE WITH THREE MORE UNDER PREDEVELOPMENT DESIGN AND BUDGETING. HOUSING PRESERVATION AND DEVELOPMENT NMI CDC IS DEDICATED TO PRESERVING AND CREATING AFFORDABLE HOUSING OPPORTUNITIES FOR LESS FORTUNATE FAMILIES. WHILE WE ARE CAPABLE OF AND INTEND TO FILL A VARIETY OF ROLES WITHIN THE AFFORDABLE HOUSING INDUSTRY,

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $75,518

Other Expenses $78,558

TOTAL EXPENSES $78,558

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	$355,520	-1.0%
Expenses	$78,558	$78,432	+0.0%
Net Income	N/A	$277,088	N/A

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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
REVEREND R DAVID HALL	PRESIDENT	0.15	Officer Director	$0	$0	$0
NIA W GANDY	VICE-PRESIDENT	0.15	Officer Director	$0	$0	$0
MICHAEL ALEXANDER	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT CATALANOTTO	TREASURER	0.15	Officer Director	$0	$0	$0
DAVID BRANDT	DIRECTOR	0.15	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	No data	$78,558	$1,796,773	No data
2022	$355,520	$78,432	$1,872,316	$277,088
2021	$496,734	$75,603	$1,592,461	$421,131
2020	$408,885	$3,949	$1,166,330	$404,936
2019	$386,249	$2,700	$761,394	$383,549
2018	$370,136	$325	$372,845	$369,811

NMI COMMUNITY DEVELOPMENTS CORPORATION