New Century Development
- Assets
- $466.7k
- Revenue
- $68.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Mccomb, MS
- Founding
- 05/1997
- Data as of
- 03/2022
- 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 03/2022, New Century Development generated $68.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.6% each year . All expenses for the organization totaled $68.1k during the year ending 03/2022. While expenses have increased by 17.0% per year over the past 4 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
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 | $68,289 |
| Total Revenue | $68,289 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $41,000 |
| Pension plans, employee benefits | $11,481 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $4,027 |
| Travel, conferences, and meetings | $10,450 |
| Printing and publications | $0 |
| Other expenses | $980 |
| Total operating and administrative expenses | $68,141 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $68,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $271,906 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $5,941 |
| 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 | $466,743 |
| Accounts payable and accrued expenses | $1,536 |
| 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 | $1,536 |
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