Overview
What is Newvue Communities Inc?
Newvue Communities Inc is a nonprofit organization situated in Fitchburg, Massachusetts, with a mission to assist individuals in improving their financial situation. They offer financial coaching, homeownership education, and counseling to help clients achieve their financial goals. The organization primarily focuses on assisting first-time homebuyers of low to moderate income to purchase their first home and provides support to homeowners facing the threat of foreclosure to keep their homes. Beyond financial aid, Newvue Communities Inc also engages in community development, fostering economic opportunities and civic engagement in North Central Massachusetts, led by diverse community members.
Official website here: www.newvuecommunities.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97%, Four-Star out of Four Star rating.
Newvue Communities Inc has achieved an impressive score of 97% from Charity Navigator, reflecting strong accountability and financial practices. The organization demonstrates exceptional governance with a fully independent board, robust financial oversight, and effective conflict of interest policies. Their fiscal responsibility is also evident through a low liabilities-to-assets ratio and a significant percentage of their expenses directed toward programs.
The charity has shown a high commitment to transparency, having all required documents available, including board meeting minutes and tax forms. This level of diligence contributes to their stellar accountability score, indicating that they maintain rigorous standards in their operations and reporting. The organization has also been noted for having no material diversion of assets, further reinforcing its integrity in financial management.
However, while their fundraising efficiency score is notably low at $0.002, this may warrant further investigation into their fundraising strategies to ensure that they can support their operations effectively. Overall, Newvue Communities Inc stands out for its strong financial health and transparency, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Newvue Communities Inc legitimate?
Newvue Communities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newvue Communities Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $186,817
Professional Fundraising Fees: $0
Other Salaries and Wages: $984,382
For more financial information, click here
Official website here: www.newvuecommunities.org
What is the mission statement of Newvue Communities Inc?
Newvue Communities Inc, driven by diverse community members with varying income levels, focuses on developing high-quality housing, creating economic opportunities, and promoting civic engagement in a specific region. Their mission is to assist individuals seeking to improve their financial situation through financial coaching, homeownership education, and counseling. They help clients achieve their financial goals, focusing on first-time homebuyers of low to moderate income, aiding them in purchasing their first home, and assisting those of the same income bracket facing the threat of foreclosure to keep their homes.
Official website here: www.newvuecommunities.org
Who is the CEO of Newvue Communities Inc?
Marc Dohan is the Executive Director of Newvue Communities Inc.
Official website here: www.newvuecommunities.org
What is the revenue of Newvue Communities Inc?
Newvue Communities Inc's revenue in 2022 was $3,743,042.
Official website here: www.newvuecommunities.org
Who are the executives of Newvue Communities Inc and what are their salaries?
There 400 volunteers at Newvue Communities Inc.
Here are 20 key members and their salaries:
- Compensation: $147,119
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- Other: $6,022
- Compensation: $149,732
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- Other: $92
- Compensation: $126,780
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- Other: $5,126
- Compensation: $30,073
- Related: $0
- Other: $3,603
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Official website here: www.newvuecommunities.org
Where can I find the form 990 for Newvue Communities Inc?
Newvue Communities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newvuecommunities.org
Learn more at the official website: www.newvuecommunities.org
Mission Statement of Newvue Communities Inc
Newvue Communities Inc, led by a diverse group of community members with varying income levels, is dedicated to enhancing North Central Massachusetts by creating high-quality housing, fostering economic opportunities, and promoting civic engagement. Their mission encompasses three key areas: developing affordable housing, creating job prospects, and encouraging community participation.
In the realm of housing, Newvue Communities Inc offers assistance to individuals seeking to improve their financial situation. Through financial coaching, homeownership education, and counseling, the organization helps its clients set and achieve their financial goals. The organization's focus extends beyond just assisting first-time homebuyers of low to moderate income, but also aids existing homeowners who are at risk of foreclosure in keeping their homes. By providing these services, Newvue Communities Inc plays a vital role in transforming communities and improving the lives of its clients.
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Impact
July, 2024
Newvue Communities Inc's impact is significant in North Central Massachusetts. Led by community members of diverse incomes and backgrounds, they develop quality housing, create economic opportunities, and foster civic engagement in the region. Through their housing and financial services, Newvue Communities Inc assists clients in improving their financial situation through financial coaching, homeownership education, and counseling. They help clients meet their financial goals, support first-time homebuyers of low to moderate income in purchasing their first home, and assist low and moderate income homebuyers facing foreclosure in keeping their homes. This organization plays a crucial role in supporting sustainable housing solutions and economic empowerment within the community.
This information is meant to be a general summary of Newvue Communities Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $8,823
- Program Service Revenue: $649,783
- Gross Receipts: $3,743,042
Assets and Liabilities:
- Total Assets: $3,652,994
- Total Liabilities: $176,495
- Net Assets: $3,476,499
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES AND PROJECT REIMB
Revenue
$387,913
PROGRAM SERVICE FEES
Revenue
$261,870
Organization Details
Founding Year
1979
Phone
(978) 342-9561Principal Officer
Marc Dohan
Main Address
470 MAIN STREET, FITCHBURG, MA, 01420
Website
www.newvuecommunities.orgNTEE Category
Code: L20Z - Housing
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