Overview
What is New Community Development Corporation?
The New Community Development Corporation, known as NeighborWorks Home Solutions, is a nonprofit organization based in Council Bluffs, Iowa. Their primary mission is to provide safe, affordable, and high-quality housing options for low and moderate-income families in the Omaha/Council Bluffs metropolitan area, expanding their reach to Douglas, Sarpy, and Pottawattamie counties in Iowa. To achieve this goal, they have constructed new energy-efficient homes and assisted 1 new homeowner with down payment assistance. Additionally, they operate 360 rental units, prioritizing those in need of affordable housing. Their InFILL program bridges the affordability gap by providing financial assistance to qualified buyers of newly constructed homes, contributing positively to the tax base of the surrounding areas. The organization currently employs 4 individuals in their mission to improve housing conditions for the community.
Official website here: www.nwhomesolutions.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star rating
New Community Development Corporation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its high level of accountability and financial health. The organization's strong performance in this rating is due to its perfect score in the Accountability & Finance beacon, demonstrating a commitment to transparency and effective governance. The charity has a fully independent board, with 100% independent members, showcasing a robust structure for oversight.
The organization also excels in its financial management, evidenced by a program expense ratio of 86.57%, indicating that a significant portion of its resources is directly allocated to its programs. Furthermore, New Community Development Corporation has established essential policies, including conflict of interest and whistleblower policies, ensuring ethical operations and safeguarding stakeholder interests. The presence of an Audit and Oversight Committee further enhances its financial integrity.
While the charity displays many strengths in governance and financial management, the data does not highlight any limitations or areas needing improvement. Overall, the New Community Development Corporation stands out as a well-managed nonprofit that prioritizes accountability and effective use of funds for its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about New Community Development Corporation?
While the New Community Development Corporation currently does not have a rating due to a limited number of reviews, the feedback highlights a positive sentiment towards its mission. All reviews express an appreciation for the organization's commitment to empowering community development.
The comments indicate that the nonprofit effectively supports its community and provides valuable resources and opportunities for residents. This suggests that the organization is making a meaningful impact in the areas it serves, and that individuals feel positively about its efforts.
As more reviews may develop in the future, it's likely that this trend of satisfaction will continue, as users show enthusiasm for the services being provided by the organization.
This AI summary has been generated from reviews found on Facebook.
Is New Community Development Corporation legitimate?
New Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Community 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: $178,837
Professional Fundraising Fees: $1,414
Other Salaries and Wages: $117,263
For more financial information, click here
Official website here: www.nwhomesolutions.org
What is the mission statement of New Community Development Corporation?
The New Community Development Corporation's mission is centered around providing safe, affordable, and high-quality housing for families with low to moderate incomes. This mission extends to Douglas, Sarpy NE, and Pottawattamie County, Iowa, with a particular focus on the Omaha/Council Bluffs metropolitan area. The organization strives to make a significant impact on the local community by constructing energy-efficient homes and placing families in these properties. Additionally, the organization runs an INFIL program, which aids qualified buyers of newly constructed homes by offering down payment assistance, thereby helping to bridge the affordability gap. Furthermore, the corporation manages 360 rental units, placing a strong emphasis on housing for low to moderate income individuals.
Official website here: www.nwhomesolutions.org
Who is the CEO of New Community Development Corporation?
David Hazlewood is the Chief Operating Officer of New Community Development Corporation. The CEO's salary of New Community Development Corporation is $80,853 and their total compensation is $91,543.
Official website here: www.nwhomesolutions.org
What is the revenue of New Community Development Corporation?
New Community Development Corporation's revenue in 2022 was $3,302,380.
Official website here: www.nwhomesolutions.org
Who are the executives of New Community Development Corporation and what are their salaries?
The average compensation at New Community Development Corporation during 2022 was $74,025. There are 4 employees at New Community Development Corporation.
Here are 10 key members and their salaries (New Community Development Corporation's CEO's salary is $80,853 and their total compensation is $91,543):
- Compensation: $80,853
- Related: $0
- Other: $10,690
- Compensation: $74,130
- Related: $0
- Other: $11,687
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.nwhomesolutions.org
Where can I find the form 990 for New Community Development Corporation?
New Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nwhomesolutions.org
Learn more at the official website: www.nwhomesolutions.org
Mission Statement of New Community Development Corporation
The New Community Development Corporation, as its mission statement suggests, is committed to providing safe, affordable, and high-quality housing for low and moderate-income families. With a particular emphasis on the Omaha/Council Bluffs metropolitan area, this organization aims to make a significant impact in the local community.
In pursuit of this mission, the New Community Development Corporation has actively engaged in constructing and placing new energy-efficient homes for eligible families. Currently, they have one homeowner residing in such a property, with six more under construction. The organization's efforts extend beyond home construction, as they also implement the INFIL program, which assists qualified buyers of the newly constructed homes with down payment assistance. This initiative not only helps bridge the affordability gap but also contributes to increasing the tax base of the areas where these homes are built.
Furthermore, the New Community Development Corporation manages 360 rental units, focusing on meeting the housing needs of low to moderate-income individuals. This comprehensive approach to housing provision ensures that the organization is making a tangible impact in the lives of those in need, thereby contributing to the overall well-being of the community.
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Impact
July, 2024
New Community Development Corporation's impact can be seen in the provision of safe, affordable, and high-quality housing for low and moderate-income families in the Douglas & Sarpy NE, & Pottawattamie County IA areas, with a focus on the Omaha/Council Bluffs metropolitan area. The organization has made a significant difference in the local community by placing new homeowners in energy-efficient quality homes, with six more under construction. Additionally, the INFIL program has helped bridge the affordability gap by providing down payment assistance for qualified buyers of the newly constructed homes, thus increasing the tax base of the areas where the homes are built. Operating 360 rental units with a focus on low to moderate-income individuals further showcases the organization's commitment to addressing housing needs in Council Bluffs and surrounding areas.
This information is meant to be a general summary of New Community 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: $1,030
- Program Service Revenue: $1,767,670
- Gross Receipts: $3,778,197
Assets and Liabilities:
- Total Assets: $11,220,340
- Total Liabilities: $4,461,697
- Net Assets: $6,758,643
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTS
Revenue
$1,767,670
Organization Details
Founding Year
1992
Principal Officer
David Hazlewood
Main Address
222 SOUTH 6TH STREET, Council Bluffs, IA, 51501
Website
www.nwhomesolutions.orgNTEE Category
Code: L80Z - Housing
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