New Century Development
- Assets
- $445.3k
- Revenue
- $89.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Mccomb, MS
- Founding
- 05/1997
- Data as of
- 03/2024
- EIN
- 72-1359416
Organization Overview
New Century Development is located in Mccomb, MS. The organization was established in 1997. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. New Century Development 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 03/2024, New Century Development generated $89.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (16.4%) each year. All expenses for the organization totaled $109.6k during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT & MANAGEMENT OF AFFORDABLE LOW INCOME HOUSING
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $89,368 |
| Total Revenue | $89,368 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $59,640 |
| Pension plans, employee benefits | $5,691 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $16,809 |
| Printing and publications | $0 |
| Other expenses | $24,578 |
| Total operating and administrative expenses | $109,643 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $109,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $248,911 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $7,447 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $188,896 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $445,254 |
| Accounts payable and accrued expenses | $3,469 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,469 |