Overview
What is New Village Corporation?
New Village Corporation (NVC) is a nonprofit real estate development organization, established in 1990 as a subsidiary of Neighborhood Progress, Inc. Based in Cleveland, Ohio, NVC focuses on revitalizing underserved communities by tackling challenging projects in urban environments. Their activities aim to stimulate further private investments, and they collaborate with community-based 501(c)(3) organizations and private investors on projects that are either too big or risky for these entities to handle alone. Since its inception, NVC has developed over 800 housing units and 1.28 million square feet of commercial space, contributing over $213 million to the community. Notable projects include Saint Luke's Manor Phase I and Bicentennial Village Development, Dave's Supermarket, and Central Commons. Presently, NVC is involved in a single-family housing program and has a strategy to revive the Buckeye neighborhood's new construction market.
Official website here: www.clevelandnp.org
Is New Village Corporation legitimate?
New Village Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Village 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.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $205,749
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What is the mission statement of New Village Corporation?
New Village Corporation, functioning as a subsidiary of Neighborhood Progress, Inc., focuses on developing catalytic real estate projects in urban settings. They typically collaborate with community-based non-profit organizations and private investors in joint ventures. The organization takes up projects that are too large or risky for individual non-profit development corporations or private developers. New Village Corporation's mission is to offer technical assistance, such as arranging project financing, to help manage complex real estate development projects. These projects ultimately contribute to combating community deterioration in distressed areas, aligning with the organization's charitable objectives.
Official website here: www.clevelandnp.org
Who is the CEO of New Village Corporation?
Linda Warren is the President of New Village Corporation.
Official website here: www.clevelandnp.org
What is the revenue of New Village Corporation?
Who are the executives of New Village Corporation and what are their salaries?
- Tania Menesse (Vice Chairperson) [Trustee/Director]
- Linda Warren (President)
- Erskine Bevel (Chief Financial Officer)
- Sean Mcdermott (Chairperson) [Trustee/Director]
- Monique Winston (Secretary) [Trustee/Director]
- Isabel Deroberts (Trustee)
- August Fluker (Trustee)
- Terri Hamilton Brown (Trustee)
- Dorivette Nolan (Trustee)
- Jason Russell (Trustee)
- Sheila Wright (Trustee)
Official website here: www.clevelandnp.org
Where can I find the form 990 for New Village Corporation?
The New Village Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.clevelandnp.org
Learn more at the official website: www.clevelandnp.org
Mission Statement of New Village Corporation
New Village Corporation, a subsidiary of Neighborhood Progress, Inc., is a non-profit developer with a unique mission. Operating in urban environments, New Village Corporation specializes in tackling challenging projects that spark further private investments. By partnering with community-based 501(c)(3) development corporations and private investors, the organization takes on projects that are either too large or risky for individual entities. New Village Corporation's role is to support such projects, providing the necessary technical assistance and arranging project financing to handle complex real estate developments. These endeavors align with the organization's charitable purposes, aiming to combat community deterioration in distressed communities. By working with both 501(c)(3) Community Development Corporations (CDCs) and private developers, New Village Corporation plays a crucial role in revitalizing urban areas and contributing to the betterment of distressed communities.
Impact
This information is meant to be a general summary of New Village Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Wednesday, July 24, 2024
New Village Corporation's impact can be seen in the revitalization of underserved communities in Cleveland, particularly through its focus on developing challenging projects in urban environments. By tackling blight, economic distress, and community deterioration, New Village Corporation plays a critical role in spurring additional private investments and driving positive change in the city. With a track record of developing over 800 units of new or rehabbed housing and 1.28 million square feet of commercial space, valued at over $213 million, the organization has significantly contributed to transforming neighborhoods and creating new opportunities for residents. Their work, in collaboration with community-based organizations and private investors, exemplifies a commitment to combatting community deterioration and fostering community improvement.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Contract Revenue
Revenue
$310,024
Management Fees
Revenue
$5,000
Partnership Activities
Revenue
$-17,040
Organization Details
Founding Year
1990
Phone
(216) 830-2770
Principal Officer
Linda Warren
Main Address
11327 Shaker Boulevard 500W, Cleveland, OH, 44104
Website
www.clevelandnp.org
NTEE Category
Code: S400 - Community improvement
If you are a representative of New Village Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.