Overview
What is Newtown Community Development Corporation?
Newtown Community Development Corporation is a nonprofit organization situated in Tempe, Arizona, specifically at 2106 E Apache Blvd STE 112. Their primary mission is to enhance financial well-being and strengthen communities. They achieve this goal by providing education, counseling, coaching, and the development of permanently affordable homes. Their services extend to 190 clients, offering homebuyer education, homeownership counseling, credit counseling, and financial coaching. Furthermore, 230 households have completed various classes, workshops, or financial literacy sessions. By focusing on these aspects, Newtown Community Development Corporation aims to improve individuals' financial situations and contribute positively to their communities.
Official website here: www.newtowncdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Newtown Community Development Corporation has earned a notable Four-Star rating from Charity Navigator, reflecting a strong focus on accountability and finance. The organization scored exceptionally well in every evaluated area, with a perfect score in independent board membership and financial oversight, indicating a robust governance structure.
The nonprofit demonstrates a commitment to transparency and ethical practices, showcasing well-documented policies such as conflict of interest and whistleblower protections. Additionally, its program expense ratio of 79.42% signifies that the majority of its expenses are directed towards its programs, which is a positive indicator for potential donors.
Despite the organization’s strengths, specific areas of program impact or community feedback were not highlighted in the available data. Overall, the Newtown Community Development Corporation presents itself as a financially sound and well-governed entity, making it a trustworthy option for those looking to support community development initiatives.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Newtown Community Development Corporation?
98% of 3 reviewers on Facebook recommend Newtown Community Development Corporation. Here is a summary of their reviews:
One passionate reviewer expressed deep gratitude for the assistance provided by Newtown CDC during their home-buying journey. They faced challenges in finding an affordable house suitable for their growing family but found Newtown to be a crucial support system. The organization guided them throughout the process, enabling them to secure their dream home without competing in the general market. Additionally, the reviewer highlighted the ongoing support received for home maintenance, praising the staff for their responsiveness and resourcefulness.
Overall, the sentiment towards Newtown Community Development Corporation is overwhelmingly positive, with clear appreciation for the organization's impactful role in making homeownership attainable for families. Users feel that Newtown effectively delivers on its promises, resulting in successful housing outcomes.
This AI summary has been generated from reviews found on Facebook.
Is Newtown Community Development Corporation legitimate?
Newtown Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newtown 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: $109,862
Professional Fundraising Fees: $0
Other Salaries and Wages: $370,198
For more financial information, click here
Official website here: www.newtowncdc.org
What is the mission statement of Newtown Community Development Corporation?
The Newtown Community Development Corporation works towards improving the financial well-being of individuals and strengthening communities. They accomplish this goal through various means, including education, counseling, coaching, and the development and stewardship of permanently affordable homes. The organization's mission is to provide homebuyer education, homeownership counseling, credit counseling, financial coaching, and hosting workshops on financial literacy to help 190 clients. Additionally, 230 households have completed a homebuyer education class, homeowner workshop, or financial literacy workshop under their guidance.
Official website here: www.newtowncdc.org
Who is the CEO of Newtown Community Development Corporation?
Stephanie Brewer is the Executive Director of Newtown Community Development Corporation.
Official website here: www.newtowncdc.org
What is the revenue of Newtown Community Development Corporation?
Newtown Community Development Corporation's revenue in 2022 was $2,737,180.
Official website here: www.newtowncdc.org
Who are the executives of Newtown Community Development Corporation and what are their salaries?
The average compensation at Newtown Community Development Corporation during 2022 was $40,005. There are 12 employees and 15 volunteers at Newtown Community Development Corporation.
Here are 17 key members and their salaries:
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Official website here: www.newtowncdc.org
Where can I find the form 990 for Newtown Community Development Corporation?
Newtown Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newtowncdc.org
Learn more at the official website: www.newtowncdc.org
Mission Statement of Newtown Community Development Corporation
Newtown Community Development Corporation, abbreviated as NCDC, is dedicated to enhancing the financial well-being of individuals and strengthening communities. They achieve this goal through various means, including education, counseling, coaching, and the development and stewardship of permanently affordable homes. NCDC's mission involves empowering people by providing them with essential resources and guidance, thereby contributing to the overall betterment of communities.
Specifically, NCDC offers homebuyer education, housing counseling, credit counseling, and financial coaching to its clients. These services aim to equip individuals with the necessary knowledge and skills to manage their finances effectively. Through these initiatives, NCDC has assisted 190 clients, while 230 households have completed a homebuyer education class, homeowner workshop, or financial literacy workshop. The organization's commitment to affordable housing extends beyond education and counseling, as they also develop and maintain permanently affordable homes, contributing to the long-term stability of communities and their residents.
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Impact
July, 2024
Newtown Community Development Corporation's impact is significant in helping people improve their financial well-being while strengthening communities. They achieve this through education, counseling, coaching, and the development and stewardship of permanently affordable homes. Specifically, they have provided homebuyer assistance and housing counseling to 190 clients. Additionally, 230 households have completed a homebuyer education class, homeowner workshop, or financial literacy workshop. Their work in Tempe, AZ, aligns with their mission to empower individuals and communities through financial education and affordable housing solutions.
This information is meant to be a general summary of Newtown 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: $22
- Program Service Revenue: $123,630
- Gross Receipts: $8,604,190
Assets and Liabilities:
- Total Assets: $12,505,804
- Total Liabilities: $2,314,431
- Net Assets: $10,191,373
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$37,610
RENTAL INCOME
Revenue
$64,820
OTHER INCOME
Revenue
$21,200
Organization Details
Founding Year
1994
Principal Officer
Stephanie Brewer
Main Address
2106 E APACHE BLVD STE 112, TEMPE, AZ, 85281
Website
www.newtowncdc.orgNTEE Category
Code: L20 - Housing
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