Neighborhood Improvement Development Corporation Inc.
Neighborhood Improvement Development Corporation Inc.
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About this organization
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 from 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.
About
Housing production - all expenses related to the rehabilitation and resale of houses in low-income areas to low-income individuals who otherwise would likely not qualify for bank financing.
Interesting data from their 2020 990 filing
The filing specifies the mission of the non-profit as “The neighborhood improvement development corporation (the corporation) is a nonprofit corporation established by the city of milwaukee, wisconsin (the city), to promote reinvestment in both housing and commercial structures within the city. the corporation's programs 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 from 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 unit designation is based on the oversight responsibilities and financial accountability of the city in connection with the grant programs administrated by the corporation.”.
When explaining its duties, they were described as: “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.”.
- The state in which the non-profit is authorized to operate legally is WI.
- According to the filing, the address of the non-profit for the year 2020 is 809 N BROADWAY THIRD FLOOR, MILWAUKEE, WI, 53202.
- The non-profit has reported 0 employees on their form for the year 2020.
- Is not a private foundation.
- Expenses are between $250,000 and $500,000.
- Revenue is between $100,000 and $250,000.
- Revenue less expenses is -$6,938.
- The organization has 8 independent voting members.
- The organization was formed in 1973.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.