Newton Housing Development Corp

Organization Overview

Newton Housing Development Corp is located in Newton, IA. The organization was established in 1997. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newton Housing Development Corp 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 Housing Development Corp generated $70.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.6%) each year. All expenses for the organization totaled $64.6k during the year ending 12/2021. 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

INCREASE THE QUANTITY AND QUALITY OF HOUSING IN NEWTON, IOWA

Describe the Organization's Program Activity:

Part 3 - Line 4a

ACQUISITION AND SALE FOR DEVELOPMENT OF NEW HOUSING


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Board, Officers & Key Employees

Name (title)Compensation
Bruce Showalter
Director
$45,000
Jennifer Cook
President
$0
Jeff Price
Vice-President/treasurer
$0
Amy Trease
Secretary
$0
Lonnie Portner
Director
$0
Bev Price
Past President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $38,000
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$38,000
Total Program Service Revenue$0
Investment income $611
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $32,218
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $70,829

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Newton Housing Development Corp has recieved totaling $165.

Awarding OrganizationAmount
First Interstate Bancsystem Foundation Inc

Billings, MT

PURPOSE: GENERAL OPERATING SUPPORT

$165
View Grant Recipient Profile

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