Passes our checks

Nmi Community Developments Corporation

EIN 81-5263340 · Reston, VA

Public records show a registered, tax-exempt organization in good standing.

What it says it does

SEE STATEMENT O

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Strong: 100 out of 100. Higher than 95% of charities in its peer group (housing, under $250k).

Reserves
35 of 35
Spendable reserves would cover more than ten years of spending.
Debt
20 of 20
It owes 1% of what it owns.
Spending floor
15 of 15
96% of spending went to programs.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Fair: 50 out of 100. Higher than 13% of charities in its peer group (housing, under $250k).

Independent board
25 of 25
5 of 5 voting board members are independent.
Conflict of interest policy
0 of 15
Reports no written conflict of interest policy.
Whistleblower policy
0 of 8
Reports no written whistleblower policy.
Record keeping policy
0 of 7
Reports no written policy on keeping and destroying records.
Board minutes
5 of 5
Keeps minutes of board meetings.
Board sees the tax return
0 of 10
Did not give the board a copy of this return before filing it.
No reported misuse
10 of 10
Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)

$75,517 spent. 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.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since July 2017.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.