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New Castle Housing Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 201484525 ✦ Westminster, CO ✦ Designated as a 501(c)(3)

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Overview

What is New Castle Housing Corporation?

New Castle Housing Corporation is a nonprofit organization situated in Westminster, Colorado, specifically at 7305 Lowell Blvd STE 200. Their primary mission is to offer subsidized housing for the elderly residing in New Castle, Colorado. They adhere to the guidelines set by the U.S. Department of Housing and Urban Development (HUD) to provide this service. In total, they have provided housing to 24 elderly individuals, showcasing their commitment to this demographic.

Is New Castle Housing Corporation legitimate?

New Castle Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Castle Housing Corporation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $46,056

For more financial information, click here

What is the mission statement of New Castle Housing Corporation?

The New Castle Housing Corporation's mission is centered around providing subsidized housing for the elderly. This organization is committed to serving this specific demographic, ensuring they have access to suitable housing. Their primary activity, as stated in their mission, is to offer housing solutions subsidized by the HUD (U.S. Department of Housing and Urban Development). As of the provided information, they have successfully provided housing for twenty-four elderly individuals.

Who is the CEO of New Castle Housing Corporation?

Arturo Alvarado is the President of New Castle Housing Corporation.

What is the revenue of New Castle Housing Corporation?

New Castle Housing Corporation's revenue in 2023 was $241,937.

Who are the executives of New Castle Housing Corporation and what are their salaries?

There 5 volunteers at New Castle Housing Corporation.


Here are 5 key members and their salaries:


Stephanie Tedy (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lauren Hornett (Vice-Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Abella Navarro (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
G Lavon Sonne (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Smith (Resident)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for New Castle Housing Corporation?

New Castle Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of New Castle Housing Corporation

New Castle Housing Corporation is dedicated to serving the elderly population by providing them with subsidized housing in an unspecified location. This nonprofit organization's primary mission is to ensure that elderly individuals have access to affordable housing, as evidenced by the twenty-four clients who have benefited from their services. The corporation's activities are centered around this mission, aiming to improve the living conditions and overall well-being of the elderly community. By providing subsidized housing, New Castle Housing Corporation is making a significant contribution to the lives of its clients, enabling them to live with dignity and security.

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Impact




October, 2024

New Castle Housing Corporation plays a vital role in enhancing the quality of life for elderly residents in New Castle, Colorado. By providing HUD-subsidized housing, it offers affordable living options that allow seniors to maintain their independence while ensuring their housing costs are manageable.

This initiative has a direct impact on the community by supporting 24 elderly clients, helping them secure safe and stable living environments. The availability of subsidized housing fosters a sense of security and belonging for these individuals, promoting their well-being. Ultimately, New Castle Housing Corporation contributes to the overall health of the community by ensuring that its senior population has access to essential housing resources.




This information is meant to be a general summary of New Castle Housing Corporation. 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.

Revenue
$241,937 (2023)
Expenses
$287,498 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $9
  • Program Service Revenue: $86,799
  • Gross Receipts: $241,937

Assets and Liabilities:

  • Total Assets: $1,868,478
  • Total Liabilities: $257,104
  • Net Assets: $1,611,374

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

NET RENTAL INCOME

Revenue

$85,541

OTHER RENT RELATED

Revenue

$1,258

Organization Details

Founding Year

2004

Principal Officer

Arturo Alvarado

Main Address

7305 LOWELL BLVD STE 200, WESTMINSTER, CO, 80030

NTEE Category

Code: L22 - Housing

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