Neighborhood Improvement Development Corporation Inc

Milwaukee, WI   |  HTTPS://CITY.MILWAUKEE.GOV/DCD/NIDC

Mission

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 ADMINISTERED BY THE CORPORATION.

Ruling year info

1976

Principal Officer

DAVID SCHROEDER

Main address

809 N Broadway Third Floor

Milwaukee, WI 53202 United States

EIN

23-7380888

NTEE code info

Other Housing Support Services (L80)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Programs and results

What we aim to solve

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Our programs

SOURCE: IRS Form 990

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Program 1

NEIGHBORHOOD REVITALIZATION - ENCOURAGE PRIVATE LENDING INSTITUTIONS AND PROPERTY OWNERS TO MAKE IMPROVEMENTS TO THE COMMUNITY'S HOMES AND BUSINESSES.

Expenses
$217,956
Revenue
$8,609

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.

Expenses
$15,778
Revenue
$47,890

Where we work

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Financials

Neighborhood Improvement Development Corporation Inc
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Operations

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This organization has no recorded board members.