Newton Community Development Foundation Inc

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

EIN: 042453465 ✦ Newton, MA ✦ Designated as a 501(c)(3)

Overview

What is Newton Community Development Foundation Inc?

Newton Community Development Foundation Inc is a nonprofit organization situated in Newton, Massachusetts, specifically at 425 Watertown Street 205. Their primary mission is to develop and manage housing facilities catering to low-income and elderly residents, ensuring they have access to adequate accommodation within their means. The foundation serves as a community relations resource, advocating for planning and resources within the low- and moderate-income community in Newton. The organization boasts a team of 27 dedicated individuals who work tirelessly towards this goal.


Is Newton Community Development Foundation Inc legitimate?

Newton Community Development Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newton Community Development Foundation 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.

Here are some key statistics you may want to consider:

Executive Compensation: $217,801
Professional Fundraising Fees: $11,161
Other Salaries and Wages: $1,000,973

For more financial information, click here


What is the mission statement of Newton Community Development Foundation Inc?
Who is the CEO of Newton Community Development Foundation Inc?
What is the revenue of Newton Community Development Foundation Inc?
Who are the executives of Newton Community Development Foundation Inc and what are their salaries?

The average compensation at Newton Community Development Foundation Inc during 2022 was $45,140. There are 27 employees and 30 volunteers at Newton Community Development Foundation Inc.

Here are 20 key members and their salaries:


Where can I find the form 990 for Newton Community Development Foundation Inc?

Mission Statement of Newton Community Development Foundation Inc

Newton Community Development Foundation Inc is a organization committed to creating and managing affordable housing options for low-income families and the elderly. Their mission extends beyond just providing housing, as they also aim to serve as a resource for advocacy and planning within the low-income community. By developing a comprehensive housing program, the foundation aims to address the housing needs of these groups, ensuring they have access to adequate and comfortable living spaces. The Newton Community Development Foundation Inc has successfully managed 268 units of low-income and elderly housing facilities, demonstrating their dedication to fulfilling their mission.

Impact

This information is meant to be a general summary of Newton Community Development Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Newton Community Development Foundation Inc's impact is significant in providing affordable housing options for low and moderate-income families and the elderly in Newton, Massachusetts. Through the development and management of 268 units of housing, this organization helps individuals and families who are in need of more adequate housing due to their income levels. By serving as a resource for community relations and advocating for the low and moderate-income community in Newton, they are working towards creating a more inclusive and supportive environment for all residents.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

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

  • Investment Income: $263,042
  • Program Service Revenue: $1,484,000
  • Gross Receipts: $7,593,093

    • Assets and Liabilities:
  • Total Assets: $11,224,820
  • Total Liabilities: $2,409,629
  • Net Assets: $8,815,191
  • Programs

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

    PROPERTY MGMT & SITE FEES

    Revenue

    $1,453,817

    TENANT RENTAL INCOME

    Revenue

    $30,183

    Organization Details

    Founding Year

    1968

    Principal Officer

    Jeanne Strickland

    Main Address

    425 WATERTOWN STREET 205, NEWTON, MA, 02458

    NTEE Category

    Code: L21 - Housing

    If you are a representative of Newton Community Development Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.