Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1998.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
96 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
7 people listed on the 990; $64K paid to officers and key staff.
Helen Lehman’s $64K as Executive Director is at the 55th percentile of top reported officer pay among 851 $100K–1M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Helen Lehman | $64,477 | $55,235 | $58,615 | $47,879 | $36,315 | $26,203 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Helps low-income people buy and keep homes, improving neighborhoods.
Questions for New Development Corporation
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MI Hope- The MI-HOPE program aims to improve the health and safety of Michigan households by providing funding for repairs and maintenance for single family homes. Included in this program's revenue is $285k for energy-efficiency incentives.
Rehabilitation of dilapidated homes to bring to city code. Price and sell home to income-qualified buyers. The homes are returned to private ownership and occupied by qualified owners. The city tax base is increased by rising home value as well as an increase in value of surrounding properties.
Nep project- neighborhood enhancement program awards small grants to income-eligible homeowners for "curb appeal" repairs to their homes. This program is funded through mshda.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | −$22K | $129K |
| Land, buildings, equipmentLn 10c | $2K | $1K |
| Total assetsLn 16 | $569K | $713K |
| LiabilitiesLn 26 | $432K | $292K |
| Net assetsLn 32 | $137K | $421K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $350K | $350K | ||
| Pay of current officers, directors and key staffLn 5 | $95K | $86K | $10K | |
| Other salaries and wagesLn 7 | $38K | $34K | $4K | |
| Payroll taxesLn 10 | $8K | $7K | $795 | |
| Accounting feesLn 11c | $4K | $4K | $395 | |
| Advertising and promotionLn 12 | $90 | $81 | $9 | |
| Office expensesLn 13 | $3K | $3K | $325 | |
| Information technologyLn 14 | $564 | $508 | $56 | |
| OccupancyLn 16 | $9K | $8K | $907 | |
| TravelLn 17 | $709 | $638 | $71 | |
| Conferences, conventions and meetingsLn 19 | $1K | $1K | $136 | |
| InterestLn 20 | $4K | $3K | $373 | |
| Depreciation, depletion and amortizationLn 22 | $1K | $1K | $122 | |
| InsuranceLn 23 | $2K | $1K | $373 | |
| Other expenses (24a–d)Ln 24 | $3K | $659 | $73 | $2K |
| Total functional expensesLn 25 | $520K | $501K | $17K | $2K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $804K | $520K | $284K | $421K | 990 PDF |
| FY2024 | $725K | $619K | $107K | $137K | 990 PDF |
| FY2023 | $334K | $399K | −$64K | $31K | 990 PDF |
| FY2022 | $219K | $221K | −$2K | $96K | 990 PDF |
| FY2021 | $178K | $157K | $21K | $98K | 990 PDF |
| FY2020 | $105K | $98K | $7K | $77K | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $804,156 revenue, 12 lines filed
Part VI · Governance 6 of 6 board members independent, no flags
Part VIII · Statement of revenue $804,156 across 10 lines filed
Part IX · Statement of functional expenses $520,383 across 15 lines filed
Part X · Balance sheet $713,004 assets, 12 lines filed
Part XI · Reconciliation of net assets $421,213 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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