Newfolden Community Homes Inc

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

EIN: 510157256 ✦ Newfolden, MN ✦ Designated as a 501(c)(4)

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Overview

What is Newfolden Community Homes Inc?

Newfolden Community Homes Incorporated is a nonprofit organization situated in Newfolden, Minnesota. Their primary focus is on providing affordable housing solutions to the community through the operation of public housing facilities. Their mission lies in making living spaces accessible for individuals who require such assistance, thereby contributing to the overall well-being of their neighborhood.

Is Newfolden Community Homes Inc legitimate?

Newfolden Community Homes Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Newfolden Community Homes Inc submitted a form 990EZ, 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.

What is the mission statement of Newfolden Community Homes Inc?

Newfolden Community Homes Inc, as an organization, is committed to providing affordable housing options for individuals who require assistance. They achieve this mission through the operation of public housing facilities. The primary goal is to make living spaces accessible for those in need, ensuring everyone has a place to call home, regardless of their financial situation. By offering affordable housing, Newfolden Community Homes Inc aims to contribute positively to the well-being and living conditions of its residents.

Who is the CEO of Newfolden Community Homes Inc?

James Sethre is the President of Newfolden Community Homes Inc.

What is the revenue of Newfolden Community Homes Inc?

Newfolden Community Homes Inc's revenue in 2022 was $67,706.

Who are the executives of Newfolden Community Homes Inc and what are their salaries?


Here are 6 key members and their salaries:


James Sethre (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Norman Lindemoen (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pat Moen (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marsha Anderson (Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diane Rokke (Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darin Jacobson (Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Newfolden Community Homes Inc?

Newfolden Community Homes Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Newfolden Community Homes Inc

Newfolden Community Homes Inc, as a nonprofit organization, is dedicated to providing a mission of offering affordable housing options to individuals in need. They achieve this mission by utilizing public housing facilities, ensuring that accessible living spaces are available for those who require them. By prioritizing affordability, this organization aims to make housing a less burdensome expense for those who may be struggling financially. In essence, Newfolden Community Homes Inc seeks to create a more equitable living environment by providing housing opportunities for those who may otherwise be unable to secure them.

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Impact




October, 2024

Newfolden Community Homes Inc plays a crucial role in enhancing the quality of life for individuals in Newfolden, MN, by providing affordable housing options. By offering accessible living spaces, they support community members who may otherwise struggle to find suitable accommodation. Their commitment to creating public housing facilities ensures that residents have a safe and stable environment, which is essential for fostering a sense of community and stability. Through their efforts, they not only address immediate housing needs but also contribute to the overall well-being and empowerment of individuals and families in the region.




This information is meant to be a general summary of Newfolden Community Homes 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.

Revenue
$67,706 (2022)
Expenses
$75,067 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $307
  • Program Service Revenue: $67,399
  • Gross Receipts: $67,706

Assets and Liabilities:

  • Total Assets: $110,545
  • Total Liabilities: $82,391
  • Net Assets: $28,154

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Organization Details

Principal Officer

James Sethre

Main Address

263 EAST OAKLAND AVENUE, NEWFOLDEN, MN, 56738

NTEE Category

Code: L21 - Housing

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