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New Point Acquisitions Inc

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

EIN: 823403457 ✦ Salem, MA ✦ Designated as a 501(c)(3)

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Overview

What is New Point Acquisitions Inc?

New Point Acquisitions Inc, based in Salem, Massachusetts, is a nonprofit organization primarily focused on the acquisition, selling, management, leasing, and development of affordable housing. Their mission revolves around engaging in various activities related to affordable housing, aiming to contribute positively to this important sector. The specifics of their work in this field are not detailed in the information provided.


Official website here: www.northshorecdc.org

Is New Point Acquisitions Inc legitimate?

New Point Acquisitions Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Point Acquisitions Inc 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: $0

For more financial information, click here


Official website here: www.northshorecdc.org

What is the mission statement of New Point Acquisitions Inc?

New Point Acquisitions Inc's primary mission is centered around the acquisition, sale, management, leasing, development, and overall involvement in affordable housing. Their mission is to contribute positively to this sector, aiming to make a difference in the provision and maintenance of affordable housing options for various communities. The company's activities encompass a wide range of endeavors, all with the goal of dealing effectively with affordable housing needs.


Official website here: www.northshorecdc.org

Who is the CEO of New Point Acquisitions Inc?

Mickey Northcutt is the President of New Point Acquisitions Inc. The CEO's salary of New Point Acquisitions Inc is $0 and their total compensation is $239,195.


Official website here: www.northshorecdc.org

What is the revenue of New Point Acquisitions Inc?

New Point Acquisitions Inc's revenue in 2021 was $194,037.


Official website here: www.northshorecdc.org

Who are the executives of New Point Acquisitions Inc and what are their salaries?


Here are 19 key members and their salaries (New Point Acquisitions Inc's CEO's salary is $0 and their total compensation is $239,195):


Frank Nitkiewicz (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mikki Wilson (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Faith Glickman Rossi (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diana Moreno (Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kurt Ankeny-Beauchamp (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Castellanos (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Naomi Cottrell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Erickson-Oberg (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deborah Greel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gina Jacob (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adriana Paz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eileen Quinn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leonette Strout (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mickey Northcutt (Ceo)
  • Compensation: $0
  • Related: $227,385
  • Other: $11,810
David Keene (Chief Financial Officer)
  • Compensation: $0
  • Related: $166,234
  • Other: $0
Jason Pina (Chief Operating Officer)
  • Compensation: $0
  • Related: $119,907
  • Other: $15,285
Felicia Pierce (Chief Program Officer)
  • Compensation: $0
  • Related: $114,920
  • Other: $9,465
David E Valecillos (Director Of Design)
  • Compensation: $0
  • Related: $107,423
  • Other: $8,051
Joseph Grein (Controller)
  • Compensation: $0
  • Related: $107,086
  • Other: $21,931


Official website here: www.northshorecdc.org

Where can I find the form 990 for New Point Acquisitions Inc?

New Point Acquisitions Inc's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.northshorecdc.org

Learn more at the official website: www.northshorecdc.org

Mission Statement of New Point Acquisitions Inc

New Point Acquisitions Inc, as a mission-driven organization, is dedicated to engaging in various activities related to affordable housing. Their primary objective is to buy, sell, manage, lease, and develop affordable housing units. By undertaking these tasks, they aim to contribute to the provision of affordable living spaces for individuals and families who may otherwise struggle to secure adequate housing. This mission reflects their commitment to addressing a vital social need, ensuring that everyone has access to a decent place to live.

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Impact




October, 2024

New Point Acquisitions Inc plays a significant role in addressing the affordable housing crisis. By focusing on buying, selling, managing, leasing, and developing affordable housing, the organization actively contributes to increasing the availability of housing options for those in need. Situated in Salem, MA, its efforts help improve living conditions and provide stability for low-to-moderate income individuals and families. This commitment to affordable housing not only enhances community well-being but also fosters economic growth and social equity in the region. Through these activities, New Point Acquisitions Inc is making a tangible impact on the housing landscape, ensuring that more people have access to safe and affordable living environments.




This information is meant to be a general summary of New Point Acquisitions 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
$194,037 (2021)
Expenses
$350,804 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Program Service Revenue: $143,854
  • Gross Receipts: $194,037

Assets and Liabilities:

  • Total Assets: $2,785,131
  • Total Liabilities: $3,354,544
  • Net Assets: -$569,413

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Programs

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

RENTAL REVENUE

Revenue

$143,854

Organization Details

Founding Year

2017

Principal Officer

Mickey Northcutt

Main Address

96 LAFAYETTE STREET, SALEM, MA, 01970

NTEE Category

Code: L21 - Housing

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