Nmi Community Developments Corporation

Nonprofit profile at a glance

EIN
815263340
IRS 990 coverage
2018–2024
Forms available
Form 990 2024, Form 990-N 2017
Location
Reston, VA, USA
Phone
7036390122
Rating confidence
Limited
Sector
Housing Development, Construction, Management

Reported finances

Revenue
$0
Expenses
$78,677
Assets
$1,721,256
Liabilities
$19,055

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • REVEREND R DAVID HALL (PRESIDENT)
  • NIA W GANDY (VICE-PRESIDENT)

People named in this filing

  • REVEREND R DAVID HALL (PRESIDENT)
  • NIA W GANDY (VICE-PRESIDENT)
  • MICHAEL ALEXANDER (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

See statement o

What it reported doing in 2024

See schedule onmi 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. 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.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
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

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 90
  • Accountability: 64
  • Sustainability: 34
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 96%; rating input score 96
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 21.88; rating input score 81; 81st percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 28; 28th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: 42.9% per year; rating input score 100; 93rd percentile among comparable filings
  • Revenue growth: -27.3% per year; rating input score 0; 15th percentile among comparable filings
  • Asset growth: 19% per year; rating input score 100; 90th percentile among comparable filings

Details

  • Where the money goes: 96% of spending went to programs
  • Governance: 5 of 5 board members independent · 1 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $76K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 11 of 11 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 6 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • 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.

  • High — Accountability: Governance controls: 5 of 6 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 28/100.