Newton Community Development Foundation Inc

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Jeanne Strickland
Executive Director
$225,561
Dina Troiani
Director Of Operations
$101,875
Timothy J Dacey
Treasurer
$0
Brian Gallagher
Secretary
$0
Judith Weber
Vice President
$0
Robert E Engler
President
$0

Financial Statements

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

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Newton Community Development Foundation Inc has recieved totaling $25,098.

Awarding OrganizationAmount
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
View Grant Recipient Profile

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