Neighborhood Initiatives Development Corporation
Nonprofit profile at a glance
- EIN
- 133110811
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Bronx, NY, USA
- Phone
- (718) 231-9800
- Rating
- 90
- Verdict
- STRONG
- Rating confidence
- Standard
Reported finances
- Revenue
- $4,471,493
- Expenses
- $4,484,904
- Assets
- $3,273,280
- Liabilities
- $1,503,314
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- William Foster (Executive Director)
- Amy Shebar (Associate Executive Director)
- Michael J Reichgott (President)
Highest reported compensation
- William Foster (Executive Director): $149,176 total reported compensation
- Amy Shebar (Associate Executive Director): $121,401 total reported compensation
- Donna Wellington (Director for Finance and Administra): $99,930 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to build thriving neighborhoods in the Bronx by providing high-quality programming and cultivating strategic partnerships.
What it reported doing in 2024
Youth activities including afterschool and summer programming - The Organization provides a free or low-cost youth programs to the community. Programming includes, homework assistance, academic enrichment, social/emotional development, leadership development, health and well-being. The Organization works with at risk youth in middle schools, high schools and out of school youth. The Organization also hosts community events including a Holiday Toy Giveaway, Movies Under the Stars and a Spring Street fair. While the majority of programs are provided at no cost to participants, certain activities generate service revenue through program fees.
Operating model
- Revenue model
- Grant-funded. 81% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 91
- Transparency & Controls: 95
- Accountability: 91
- Sustainability: 34
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 91.7%; rating input score 92
- Program expense ratio: 91.5%; rating input score 91
- Fundraising efficiency: $73.22 raised per $1 spent on fundraising; rating input score 83; 83rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 20th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -0.3%; rating input score 32; 32nd percentile among comparable filings
- Total-asset coverage ratio: 0.73; rating input score 27; 27th percentile among comparable filings
- Liabilities to assets ratio: 0.46; rating input score 23; 23rd percentile among comparable filings
- Officer compensation ratio: 2.6%; rating input score 71; 71st percentile among comparable filings
Growth
- Program expense growth: 8.5% per year; rating input score 100; 58th percentile among comparable filings
- Revenue growth: 6.9% per year; rating input score 100; 54th percentile among comparable filings
- Asset growth: 15.2% per year; rating input score 100; 75th percentile among comparable filings
Details
- What they do: 6 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 91.7% of revenue deployed · 91.5% of spending went to programs
- Governance: 5 of 5 board members independent · 7 of 9 filing controls reported
- Programs: 5 filed program accomplishments · $4.1M in reported program spending
- Leadership: top reported pay $149K · 10 people listed
- Consistency: 25 of 26 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors
- Filing history: 10 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Operating margin scored 32/100.
- High — Sustainability: Total-asset coverage ratio scored 27/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 23/100.