Civic Intelligence

Nmi Community Developments Corporation

EIN 81-5263340 • 501(c)3 • Reston, VA

Profile

SEE STATEMENT O

12020 Sunrise Valley Drive 100Reston, VA 20191

newmarketinvestors.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

32nd percentile

0.01x

Higher debt load relative to assets than 32% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

24th percentile

-4.1%

Faster asset growth than 24% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Assets

Down

$1,721,256

Down $151,060 (-8.1%) from 2022

Liabilities

Up

$19,055

Up $6,175 (+48%) from 2022

Net Assets

Down

$1,702,201

Down $157,235 (-8.5%) from 2022

Revenue

Down

$0

Down $355,520 (-100%) from 2022

Expenses

Up

$78,677

Up $245 (+0.3%) from 2022

Net Income

Down

-$78,677

Down $355,765 (-128%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2018: $372,845Liabilities 2018: $0Net Assets 2018: $372,8452018Assets 2019: $761,394Liabilities 2019: $5,000Net Assets 2019: $756,3942019Assets 2020: $1,166,330Liabilities 2020: $5,000Net Assets 2020: $1,161,3302020Assets 2021: $1,592,461Liabilities 2021: $10,000Net Assets 2021: $1,582,4612021Assets 2022: $1,872,316Liabilities 2022: $12,880Net Assets 2022: $1,859,4362022Assets 2024: $1,721,256Liabilities 2024: $19,055Net Assets 2024: $1,702,2012024

Highlighted filing

2024

Assets$1,721,256
Liabilities$19,055
Net Assets$1,702,201

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2018: $370,136Expenses 2018: $325Net Income 2018: $369,8112018Revenue 2019: $386,249Expenses 2019: $2,700Net Income 2019: $383,5492019Revenue 2020: $408,885Expenses 2020: $3,949Net Income 2020: $404,9362020Revenue 2021: $496,734Expenses 2021: $75,603Net Income 2021: $421,1312021Revenue 2022: $355,520Expenses 2022: $78,432Net Income 2022: $277,0882022Revenue 2024: $0Expenses 2024: $78,677Net Income 2024: -$78,6772024

Highlighted filing

2024

Revenue$0
Expenses$78,677
Net Income-$78,677

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$355,520
Mission and Program Overview

Mission

SEE STATEMENT O

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,582,461$1,859,436▲ $276,975
Cash and Non-Interest-Bearing Accounts$5,975$5,939▼ $36
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Investments Program Related$-355,407$0▲ $355,407
Total Assets$1,592,461$1,872,316▲ $279,855
Other Assets Total$1,941,893$1,866,377▼ $75,516
Liabilities
Accounts Payable and Accrued Expenses$10,000$12,880▲ $2,880
Total Liabilities$10,000$12,880▲ $2,880
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,582,461$1,859,436▲ $276,975
Total Liabilities and Net Assets / Fund Balance$1,592,461$1,872,316▲ $279,855

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$-371,530--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Reverend R David HallPresident
Nia W GandyVice-president
David BrandtDirector
Michael AlexanderSecretary
Robert CatalanottoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$355,520
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$277,088
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$78,432
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$75,518--$75,518
Fees for Services Accounting-$2,880-$2,880
Fees for Services Other-$34-$34
Total Functional Expenses$75,518$2,914$0$78,432
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 will be reviewed by the secretary for approval before finalizing.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Nmi Community Developments Corporation
EIN
81-5263340
Phone
7036390122
Address
12020 SUNRISE VALLEY DRIVE 100, RESTON, VA 20191

Signing Officer

Name
Michael P Alexander
Title
Secretary
Phone
7036390122
Signed
2023-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael P Alexander
Formed
2017
Legal Domicile
Va
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Cohnreznick Llp
Address
500 EAST PRATT STREET 4TH FLOOR, BALTIMORE, MD 21202
Preparer
Philip H Cornblatt CPA
Phone
4107834900
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION 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,

FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION 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).

FORM 990, PART XI, LINE 9:

Nondeductible expense -113.

Raw XML Appendix362 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NMI 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,
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NMI 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).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 WILL BE REVIEWED BY THE SECRETARY FOR APPROVAL BEFORE FINALIZING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NONDEDUCTIBLE EXPENSE -113.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt0NMI COMMUNITY DEVELOPMENT CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0522184374
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0VA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct00.99990
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt0RELATED
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0REAL ESTATE RENTALS
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0WALBRAFF ASSOCIATES LP
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfTotalIncomeAmt0279889
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt011110 SUNSET HILL ROAD STE 9294
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0RESTON
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd020195
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0VA
IRS990/StatesWhereCopyOfReturnIsFldCd1DC
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01592461
IRS990/TotalAssetsEOYAmt01872316
IRS990/TotalAssetsGrp/BOYAmt01592461
IRS990/TotalAssetsGrp/EOYAmt01872316
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02914
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt075518
IRS990/TotalFunctionalExpensesGrp/TotalAmt078432
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010000
IRS990/TotalLiabilitiesEOYAmt012880
IRS990/TotalLiabilitiesGrp/BOYAmt010000
IRS990/TotalLiabilitiesGrp/EOYAmt012880
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01582461
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01859436
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt075518
IRS990/TotalProgramServiceRevenueAmt0355520
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0355520
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0355520
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01592461
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01872316
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt012020 SUNRISE VALLEY DRIVE STE 100
IRS990/USAddress/CityNm0RESTON
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd020191
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0NEWMARKETINVESTORS.COM
IRS990/WhistleblowerPolicyInd00
IRS990/WrittenPolicyOrProcedureInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL P ALEXANDER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum07036390122
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NMI COMMUNITY DEVELOPMENTS CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0NMIC
ReturnHeader/Filer/EIN0815263340
ReturnHeader/Filer/PhoneNum07036390122
ReturnHeader/Filer/USAddress/AddressLine1Txt012020 SUNRISE VALLEY DRIVE 100
ReturnHeader/Filer/USAddress/CityNm0RESTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd020191
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0221478099
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COHNREZNICK LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0500 EAST PRATT STREET 4TH FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BALTIMORE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd021202
ReturnHeader/PreparerPersonGrp/PhoneNum04107834900
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PHILIP H CORNBLATT CPA
ReturnHeader/ReturnTs02023-11-15T00:54:05-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MICHAEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ALEXANDER
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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