Newvue Liabilities To Assets

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

EIN: 831779956 ✦ Fitchburg, MA ✦ Designated as a 501(c)(3)

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Overview

What is Newvue Liabilities To Assets?

Newvue Liabilities to Assets is a pilot program initiated by the Executive Office of Housing and Livable Communities. Its primary goal is to assist communities in stabilizing neighborhoods by redeveloping deteriorated properties considered a blight. The program primarily focuses on purchasing and rehabilitating vacant one and two-family properties that have been empty for at least three years and have a negative impact on their surrounding areas. By revitalizing these properties, Newvue Liabilities to Assets aims to improve the overall livability and appeal of the neighborhoods, ultimately benefiting eligible homeowners.

Is Newvue Liabilities To Assets legitimate?

Newvue Liabilities To Assets is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newvue Liabilities To Assets 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

What is the mission statement of Newvue Liabilities To Assets?

The mission of Newvue Liabilities To Assets, a pilot program created by the Executive Office of Housing and Livable Communities, is focused on assisting communities in stabilizing neighborhoods. This is achieved by redeveloping dilapidated properties that have been vacant for at least three years and are considered a blight. Primarily targeting one and two-family properties, the program aims to support their purchase and subsequent rehabilitation. These properties, when in a state of disrepair, have a negative impact on their surrounding neighborhoods. By revitalizing these properties, Newvue Liabilities To Assets aims to improve the overall living conditions and community cohesion in the affected areas.

Who is the CEO of Newvue Liabilities To Assets?

Marc Dohan is the Board President of Newvue Liabilities To Assets.

What is the revenue of Newvue Liabilities To Assets?

Newvue Liabilities To Assets's revenue in 2023 was $267,319.

Who are the executives of Newvue Liabilities To Assets and what are their salaries?

There 8 volunteers at Newvue Liabilities To Assets.


Here are 8 key members and their salaries:


Tom Gray (Board President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christina Dirusso (Board Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marc Dohan (Board Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Liz Murphy (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Wood (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey Parker (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Trevor Beauregard (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Philip Duffy (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Newvue Liabilities To Assets?

Newvue Liabilities To Assets's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Newvue Liabilities To Assets

Newvue Liabilities To Assets, a pilot program initiated by the Executive Office of Housing and Livable Communities, aims to aid communities in stabilizing neighborhoods. The program focuses on redeveloping deteriorated properties that have been vacant for at least three years and negatively impact their surrounding areas. Primarily targeting one and two-family properties, Newvue Liabilities To Assets supports their purchase and rehabilitation, aiming to enhance the overall appearance and well-being of the neighborhoods.

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Impact




October, 2024

Newvue Liabilities To Assets has a significant impact on community revitalization and stabilization in areas affected by blight. By focusing on the purchase and rehabilitation of deteriorated one- and two-family properties that have been vacant for at least three years, the program addresses pressing issues such as neighborhood decline and property value depreciation.

This initiative not only improves the physical environment but also enhances the quality of life for residents. The redevelopment of these properties provides eligible homeowners with access to affordable housing options, fostering community growth and stability. Additionally, by transforming blighted properties, the program encourages civic pride and promotes a sense of belonging among community members.

The focus on specific cities like Fitchburg, Athol, Clinton, Gardner, and Leominster creates targeted interventions that can lead to measurable improvements in these neighborhoods. The positive outcomes from rehabilitated properties ripple through the community, potentially attracting further investment, increasing property values, and reducing crime rates.

In summary, Newvue Liabilities To Assets acts as a catalyst for sustainable community improvement, enhancing both the physical landscape and the social fabric of the neighborhoods it serves.




This information is meant to be a general summary of Newvue Liabilities To Assets. 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
$267,319 (2023)
Expenses
$95,672 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Gross Receipts: $267,319

Assets and Liabilities:

  • Total Assets: $2,117,672
  • Total Liabilities: $1,946,025
  • Net Assets: $171,647

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Organization Details

Founding Year

2018

Principal Officer

Marc Dohan

Main Address

470 MAIN STREET, FITCHBURG, MA, 01420

NTEE Category

Code: S30 - Community improvement

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