Overview
What is Newsed Community Development Corp Inc?
Newsed Community Development Corp Inc, established in Denver, Colorado, is a nonprofit organization primarily focused on housing development. Over the past three decades, they have purchased, repaired, and resold formerly foreclosed homes to income-eligible households, contributing to the renovation of over 650,000 square feet of housing and retail/commercial real estate in the area. Their mission extends beyond housing, aiming to combat discrimination in the housing sector, enhance the economic, educational, cultural, and social well-being of the local residents in Denver. With a team of 14 dedicated individuals, Newsed Community Development Corp Inc plays a significant role in improving living conditions and fostering community development in Denver.
Official website here: www.newsed.org
Is Newsed Community Development Corp Inc legitimate?
Newsed Community Development Corp Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newsed Community Development Corp 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: $95,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $463,269
For more financial information, click here
Official website here: www.newsed.org
What is the mission statement of Newsed Community Development Corp Inc?
The Newsed Community Development Corp Inc was established with the objective of creating opportunities for low-income housing, combating discrimination in the housing sector, and enhancing the economic, educational, cultural, and social status of the community. The corporation achieves this by purchasing, repairing, and reselling foreclosed homes to income-eligible households. Additionally, Newsed CDC engages in real estate development, constructing commercial, residential, and mixed-use properties. Over the past three decades, the organization has developed over 650,000 square feet of housing and retail/commercial real estate.
Official website here: www.newsed.org
Who is the CEO of Newsed Community Development Corp Inc?
Andrea Barela is the Chair of Newsed Community Development Corp Inc.
Official website here: www.newsed.org
What is the revenue of Newsed Community Development Corp Inc?
Newsed Community Development Corp Inc's revenue in 2022 was $1,188,013.
Official website here: www.newsed.org
Who are the executives of Newsed Community Development Corp Inc and what are their salaries?
The average compensation at Newsed Community Development Corp Inc during 2022 was $39,876. There are 14 employees and 20 volunteers at Newsed Community Development Corp Inc.
Here are 11 key members and their salaries:
- Andrea Barela (President &) [Trustee/Director]
- Nicole Marquez (Chair) [Trustee/Director]
- Jennifer Brezicha (Treasurer) [Trustee/Director]
- Sarah Geis (Secretary) [Trustee/Director]
- Jose Aragon (Director)
- Steve Chavez (Director)
- Jesse Ogas (Director)
- Larry Martinez (Director)
- Marie Esqueda (Director)
- Jon Peterson (Director)
- Greg Totten (Director)
Official website here: www.newsed.org
Where can I find the form 990 for Newsed Community Development Corp Inc?
The Newsed Community Development Corp Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.newsed.org
Learn more at the official website: www.newsed.org
Mission Statement of Newsed Community Development Corp Inc
Newsed Community Development Corp Inc, a nonprofit organization, was established with a mission to foster low-income housing opportunities, combat discrimination in the housing sector, and elevate the economic, educational, cultural, and social status of its residents. The corporation's primary goal is to develop affordable housing options, identify and eliminate discriminatory practices in the housing market, and enhance the overall well-being of its community members.
Over the past three decades, Newsed Community Development Corp Inc has demonstrated its commitment to this mission by purchasing, repairing, and reselling foreclosed homes to income-eligible households. Furthermore, the organization engages in real estate development, constructing commercial, residential, and mixed-use properties. As a result of these efforts, Newsed CDC has successfully developed over 650,000 square feet of housing and retail/commercial real estate, thereby contributing to the improvement of its community's living conditions and economic growth.
Impact
This information is meant to be a general summary of Newsed Community Development Corp Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Newsed Community Development Corp Inc's impact is significant in Denver, Colorado, where it focuses on developing low-income housing opportunities, combating housing discrimination, and uplifting the economic, educational, cultural, and social well-being of residents. Through initiatives like housing development and real estate projects, Newsed CDC has contributed to the development of over 650,000 square feet of housing and retail/commercial real estate in the city. By providing affordable housing options and promoting community improvement, Newsed CDC plays a crucial role in addressing housing needs and fostering a more inclusive and vibrant community in Denver.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROPERTY MANAGEMENT
Revenue
$572,943
MANAGEMENT FEES
Revenue
$2,865
Organization Details
Founding Year
1983
Phone
(303) 534-8342
Principal Officer
Andrea Barela
Main Address
901 W 10TH AVE SUITE 2A, DENVER, CO, 80204
Website
www.newsed.org
NTEE Category
Code: S20 - Community improvement
If you are a representative of Newsed Community Development Corp 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.