Newton Community Development Foundation Inc is located in Newton, MA. The organization was established in 1970. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Newton Community Development Foundation Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newton Community Development Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Newton Community Development Foundation Inc generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 4.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND MANAGE LOW AND MODERATE INCOME HOUSING AND ELDERLY HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT AND MANAGEMENT OF 296 UNITS OF LOW AND MODERATE INCOME HOUSING AND ELDERLY HOUSING FACILITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jeanne Strickland Executive Director | Officer | 40 | $225,561 |
Dina Troiani Director Of Operations | 40 | $101,875 | |
Timothy J Dacey Treasurer | OfficerTrustee | 1 | $0 |
Brian Gallagher Secretary | OfficerTrustee | 1 | $0 |
Judith Weber Vice President | OfficerTrustee | 1 | $0 |
Robert E Engler President | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $1,000,089 |
Government grants | $129,868 |
All other contributions, gifts, grants, and similar amounts not included above | $25,666 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,155,623 |
Total Program Service Revenue | $1,371,053 |
Investment income | $112,956 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $137,761 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,122,745 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $251,010 |
Compensation of current officers, directors, key employees. | $74,825 |
Compensation to disqualified persons | $750 |
Other salaries and wages | $894,516 |
Pension plan accruals and contributions | $8,813 |
Other employee benefits | $79,588 |
Payroll taxes | $87,658 |
Fees for services: Management | $0 |
Fees for services: Legal | $11,639 |
Fees for services: Accounting | $64,500 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $8,925 |
Fees for services: Investment Management | $26,376 |
Fees for services: Other | $18,633 |
Advertising and promotion | $4,969 |
Office expenses | $31,371 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $100,928 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $3,348 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $20,255 |
Insurance | $0 |
All other expenses | $70,296 |
Total functional expenses | $1,683,575 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $225,579 |
Savings and temporary cash investments | $1,119,098 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $979,070 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $1,340,467 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $12,228 |
Net Land, buildings, and equipment | $379,644 |
Investments—publicly traded securities | $6,240,113 |
Investments—other securities | $0 |
Investments—program-related | $1,418,010 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $11,714,209 |
Accounts payable and accrued expenses | $109,405 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $271,029 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $1,787,433 |
Total liabilities | $2,167,867 |
Net assets without donor restrictions | $9,546,342 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $11,714,209 |
Over the last fiscal year, we have identified 3 grants that Newton Community Development Foundation Inc has recieved totaling $25,098.
Awarding Organization | Amount |
---|---|
Lawrence J And Anne Rubenstein Charitable Foundation Boston, MA PURPOSE: CONTINUED SUPPORT OF SENIOR FITNESS & WELLNESS PROGRAMS | $17,500 |
Rebecca Pomroy Foundation Inc Auburndale, MA PURPOSE: TO SUPPORT OPERATIONS OF THE PUBLIC CHARITY | $7,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $98 |
Organization Name | Assets | Revenue |
---|---|---|
Community Foundation Of Western Massachusetts Springfield, MA | $263,677,089 | $50,890,910 |
Essex County Community Foundation Incorporated Danvers, MA | $116,029,343 | $28,414,247 |
Community Foundations Of The Hudson Valley Poughkeepsie, NY | $96,104,226 | $20,607,422 |
The Berkshire Taconic Community Foundation Inc Sheffield, MA | $235,546,714 | $26,961,716 |
Greater Worcester Community Foundation Inc Worcester, MA | $200,476,252 | $22,847,423 |
Community Foundation Of Herkimer And Oneida Counties Inc Utica, NY | $207,402,752 | $30,922,448 |
Community Foundation Of Eastern Connecticut New London, CT | $123,416,332 | $10,480,728 |
Southcoast Community Foundation Inc New Bedford, MA | $53,147,669 | $13,725,688 |
The Community Foundation For The Greater Capital Region Inc Albany, NY | $120,227,075 | $24,885,752 |
Connecticut Community Foundation Inc Waterbury, CT | $154,014,275 | $11,174,882 |
Adirondack Foundation Lake Placid, NY | $81,334,603 | $18,009,853 |
New York City Partnership Foundation Inc New York, NY | $45,208,462 | $5,342,641 |