New Level Community Development Corporation

Organization Overview

New Level Community Development Corporation is located in Nashville, TN. The organization was established in 2003. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, New Level Community Development Corporation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Level Community Development Corporation 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 12/2023, New Level Community Development Corporation generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 20.9% each year . All expenses for the organization totaled $748.3k during the year ending 12/2023. While expenses have increased by 10.1% per year over the past 9 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

2023

Describe the Organization's Mission:

Part 3 - Line 1

NEW LEVEL COMMUNITY DEVELOPMENT CORPORATION ADVOCATES FOR LOW-TO-MODERATE INCOME COMMUNITY BY WORKING WITH LEGISLATORS, OTHER NON-PROFITS, AND PRIVATE DEVELOPERS TO CREATE MORE AFFORDABLE HOMES IN NASHVILLE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE AFFORDABLE HOUSING PROGRAM WORKS WITH COMMUNITY PARTNERS TO PROVIDE HOMES FOR PEOPLE WITH LOW TO MODERATE INCOMES IN NEED OF AFFORDABLE HOUSING. PROGRAMS INCLUDE HOME OWNERSHIP WITH DOWN PAYMENT ASSISTANCE AND AFFORDABLE RENTAL UNITS. THE CORPORATION USES OFFICE SPACE DONATED BY MT ZION BAPTIST CHURCH, WHICH HAS BEEN RECORDED AS AN IN-KIND DONATION. THE RECORDED FAIR MARKET VALUE OF THE PORTION OF THIS DONATION RELATED TO AFFORDABLE AND RENTAL HOUSING IS $2,716.


HOME BUYER EDUCATION IS A 1 DAY, 6 HOUR COURSE OFFERED ONCE PER MONTH FROM JANUARY THROUGH OCTOBER, AND IS TAUGHT BY TRAINED CERTIFIED INSTRUCTORS. THEY ALSO PROVIDE A 1 HOUR PRIVATE CONSULTATION. THE CURRICULUM USED IS PROVIDED BY NEIGHBOR WORKS AMERICA. IN ADDITION, HOUSING COUNSELING IS PROVIDED AS NEEDED TO ASSIST INDIVIDUALS.


FINANCIAL EDUCATION IS PROVIDED THROUGH INDIVIDUAL COACHING SESSIONS. SOME INDIVIDUALS WHO COMPLETE THE REQUIRED 10 HOURS OF FINANCIAL EDUCATION COURSE WORK AND MEET ELIGIBILITY REQUIREMENTS ENTER INTO A MATCHING SAVINGS PROGRAM TO HELP THEM ESTABLISH SAVINGS HABITS AND BEGIN TO BUILD ASSETS. ONCE THEY REACH THEIR SAVINGS GOAL, THEY MAY RECEIVE MATCH DOLLARS TO HELP THEM PURCHASE A HOME, START A SMALL BUSINESS, OR CONTINUE THEIR POST SECONDARY EDUCATION. THE CORPORATION USES OFFICE SPACE DONATED BY MT ZION BAPTIST CHURCH, WHICH HAS BEEN RECORDED AS AN IN-KIND DONATION. THE RECORDED FAIR MARKET VALUE OF THE PORTION OF THIS DONATION RELATED TO FINANCIAL EDUCATION IS $27,158.


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Board, Officers & Key Employees

Name (title)Compensation
Teresa Skipper
Executive Director
$99,000
Barry Greer
Director
$0
Brian Bradshaw
Director
$0
Shannon Fitzpatric
Director
$0
Luis Parodi
Director
$0
Michael Lummus
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$90,732
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$90,732
Total Program Service Revenue$2,244,802
Investment income $12,132
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,391,681

Peer Organizations

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$18,472,607
Access To Capital For Entrepreneurs Inc
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Tennessee Technology Development Corporation
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Convention & Visitors Bureau Of Greater Kansas City
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$16,167,832
Richmond Metropolitan Convention & Vistors Bureau
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Chattanooga Area Convention And Visitors Bureau Inc
Chattanooga, TN
$12,349,629
Wayne County Development Allianceinc
Goldsboro, NC
$10,960,205
Nash-Edgecombe Wilson Community Action Inc
Rocky Mount, NC
$10,587,622
The Center For Kentucky Rural Economic Development Inc
Somerset, KY
$8,257,213
St Louis Economic Development Partnership
Saint Louis, MO
$7,649,513
Southeast Ark Economic Development Dist Inc
Pine Bluff, AR
$8,494,217
Explore Branson Tourism
Branson, MO
$7,396,641
East Central Planning & Development District Inc<410 Decatur St
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$8,249,381
Knoxville Convention & Visitors Bureau Inc
Knoxville, TN
$10,096,746
Economic Development Corporation Of Kansas City Missouri
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Kentucky Highlands Investment Corporation
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$8,002,017
Center For Regional Economic Competitiveness
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$5,182,427

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