Overview
What is Newton Housing Development Corporation?
Newton Housing Development Corporation is a nonprofit organization situated in Newton, Iowa, specifically at 123 W 2nd St N. Their primary objective is to enhance the housing landscape in the region. They accomplish this by acquiring and selling properties with the intention of developing new housing units. With a dedicated workforce of one individual, they are committed to increasing the quantity and quality of housing in Newton, Iowa. The corporation's mission is to contribute positively to the local community by improving the housing sector, thereby potentially benefiting numerous families and individuals in the area.
Is Newton Housing Development Corporation legitimate?
Newton Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newton Housing Development 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: $45,875
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Newton Housing Development Corporation?
The Newton Housing Development Corporation is dedicated to enhancing the housing situation. Specifically, their mission is to boost both the quantity and quality of housing available. They achieve this by proactively acquiring land and properties for the purpose of constructing new homes. This endeavor aims to cater to the housing needs of various individuals, thereby improving the overall housing landscape.
Who is the CEO of Newton Housing Development Corporation?
Bruce Showalter is the Director of Newton Housing Development Corporation.
What is the revenue of Newton Housing Development Corporation?
Newton Housing Development Corporation's revenue in 2022 was $143,016.
Who are the executives of Newton Housing Development Corporation and what are their salaries?
The average compensation at Newton Housing Development Corporation during 2022 was $45,875. There is 1 employee and 16 volunteers at Newton Housing Development Corporation.
Here are 17 key members and their salaries:
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Where can I find the form 990 for Newton Housing Development Corporation?
Newton Housing Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Newton Housing Development Corporation
Newton Housing Development Corporation, a nonprofit organization, is dedicated to enhancing the quantity and quality of housing within its sphere. Its mission is centered around procuring and selling properties for the purpose of housing development. By pursuing this objective, the corporation aims to contribute positively to the community, potentially improving living standards for its residents.
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Impact
October, 2024
Newton Housing Development Corporation significantly impacts the community by enhancing both the quantity and quality of housing in Newton, Iowa. Through focused efforts in the acquisition and sale of properties, the organization facilitates the development of new housing opportunities, addressing the local need for improved living conditions and increased availability of homes. This initiative not only provides residents with better housing options but also stimulates economic growth by attracting new families and individuals to the area, contributing to the overall vitality of the community.
This information is meant to be a general summary of Newton Housing Development 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,876
- Program Service Revenue: $1,500
- Gross Receipts: $182,158
Assets and Liabilities:
- Total Assets: $3,485,330
- Total Liabilities: $3,345,000
- Net Assets: $140,330
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Organization Details
Founding Year
1991
Phone
(641) 792-6432Principal Officer
Bruce Showalter
Main Address
123 W 2ND ST N, NEWTON, IA, 50208
NTEE Category
Code: L25 - Housing
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