Overview
What is New Home Development Company Inc?
New Home Development Company Inc, located in Bryan, Ohio, is a nonprofit organization committed to providing affordable housing options for individuals with no to moderate incomes. With a workforce of 24 employees, this organization has acquired 56 housing units through grants and mortgages. The rents charged are proportionate to the household income, typically ranging from 30-35%. To further assist those in need, New Home Development Company Inc also administers a rent subsidy program and may provide emergency assistance when funding is available. Their mission is to offer affordable housing options primarily for individuals dealing with mental illnesses.
Official website here: www.newhomedevelopment.org
Is New Home Development Company Inc legitimate?
New Home Development Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Home Development Company 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: $99,746
Professional Fundraising Fees: $0
Other Salaries and Wages: $349,841
For more financial information, click here
Official website here: www.newhomedevelopment.org
What is the mission statement of New Home Development Company Inc?
New Home Development Company Inc's mission is centered around providing affordable housing options. Specifically, they aim to cater to individuals with low to no income, with a primary focus on those dealing with mental illness. They accomplish this through acquiring housing units using grants and mortgages, and setting rents at a proportion of the household income, typically 30-35%. They also administer a rent subsidy program and offer emergency assistance when funds allow. Notably, they are willing to rent to individuals with no income on a temporary basis.
Official website here: www.newhomedevelopment.org
Who is the CEO of New Home Development Company Inc?
Caren Bauer is the Vice Chair of New Home Development Company Inc.
Official website here: www.newhomedevelopment.org
What is the revenue of New Home Development Company Inc?
New Home Development Company Inc's revenue in 2023 was $1,231,703.
Official website here: www.newhomedevelopment.org
Who are the executives of New Home Development Company Inc and what are their salaries?
The average compensation at New Home Development Company Inc during 2023 was $18,733. There are 24 employees and 5 volunteers at New Home Development Company Inc.
Here are 6 key members and their salaries:
- Caren Bauer (Executive Director)
- John Hancock (Vice Chair) [Trustee/Director]
- Kylee Uran (Director)
- Ginny Sterling (Secretary/Treasurer) [Trustee/Director]
- Tim Bowling (Board Chair) [Trustee/Director]
- Mike Jacobs (Director)
Official website here: www.newhomedevelopment.org
Where can I find the form 990 for New Home Development Company Inc?
The New Home Development Company Inc’s most recent form 990 was submitted in 2023 and can be accessed here
Official website here: www.newhomedevelopment.org
Learn more at the official website: www.newhomedevelopment.org
Mission Statement of New Home Development Company Inc
New Home Development Company Inc, as stated in its mission, is committed to providing affordable housing options for individuals with no to moderate income, with a particular focus on those who primarily suffer from mental illness. The organization's goal is to make housing accessible and affordable, charging rents that are a percentage of the household income, typically ranging between 30-35%. To further support its mission, New Home Development Company Inc also administers a rent subsidy program and may provide emergency assistance when funding is available. The company is also known to consider renting to individuals with no income, albeit on a temporary basis.
Impact
This information is meant to be a general summary of New Home Development Company Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
New Home Development Company Inc's impact lies in providing crucial affordable housing options for individuals with low to moderate incomes. By offering 56 housing units acquired through grants and mortgages, they play a vital role in ensuring that those in need have access to safe and stable housing. The rents charged are based on a percentage of household income, making it more feasible for individuals to afford. Additionally, their rent subsidy program further assists in making housing more affordable for those in need. Overall, New Home Development Company Inc's efforts contribute significantly to addressing the housing needs of low-income individuals in Bryan, OH, ultimately helping to improve their quality of life.
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 2023.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADAMHS BOARD
Revenue
$490,500
RENT
Revenue
$210,921
Organization Details
Founding Year
1990
Phone
(419) 519-3075
Principal Officer
Caren Bauer
Main Address
617 NORTH WALNUT STREET APT 12, BRYAN, OH, 43506
Website
www.newhomedevelopment.org
NTEE Category
Code: L20Z - Housing
If you are a representative of New Home Development Company 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.