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Nonprofiteer
← NEWVUE COMMUNITIES INC

Form 990 for tax year 2023

Filed by NEWVUE COMMUNITIES INC.

Totals

Total revenue
$4,128,833
Total expenses
$3,895,213
Contributions and grants received
$2,580,302
Grants paid
$1,058,050
Program service revenue
$1,537,151
Investment income
$9,466
Other revenue
$1,914
Total assets, end of year
$4,273,985
Total liabilities, end of year
$563,866
Net assets or fund balances, end of year
$3,710,119
Program services expenses (Part IX)
$3,588,422
Management and general expenses
$306,791
Fundraising expenses
$0
Program service expenses (Part III)
$3,588,422

Program services were 92.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $124,290

  • 1e · Government grants (contributions)

    $1,054,996

  • 1f · All other contributions, gifts and grants

    $1,401,016

  • 2a · Program service revenue: FEES AND PROJECT REIMB

    total $997,834 · related or exempt $997,834

  • 2b · Program service revenue: PROGRAM SERVICE FEES

    total $539,317 · related or exempt $539,317

  • 3 · Investment income

    total $9,466 · excluded $9,466

  • 11a · Other revenue: MISCELLANEOUS

    total $1,914 · related or exempt $1,914

  • 11e · Other revenue, total

    $1,914

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,058,050 · program services $1,058,050

  • 5 · Compensation of officers, directors and key employees

    total $153,096 · program services $107,167 · management and general $45,929

  • 7 · Other salaries and wages

    total $1,078,644 · program services $950,020 · management and general $128,624

  • 8 · Pension plan contributions

    total $14,628 · program services $13,356 · management and general $1,272

  • 9 · Other employee benefits

    total $112,399 · program services $95,774 · management and general $16,625

  • 10 · Payroll taxes

    total $104,905 · program services $90,526 · management and general $14,379

  • 11b · Fees: legal

    total $509 · management and general $509

  • 11c · Fees: accounting

    total $31,899 · program services $27,422 · management and general $4,477

  • 11g · Fees: other

    total $442,128 · program services $400,391 · management and general $41,737

  • 12 · Advertising and promotion

    total $22,016 · program services $18,948 · management and general $3,068

  • 13 · Office expenses

    total $21,756 · program services $17,587 · management and general $4,169

  • 14 · Information technology

    total $47,750 · program services $39,003 · management and general $8,747

  • 16 · Occupancy

    total $25,237 · program services $21,702 · management and general $3,535

  • 17 · Travel

    total $1,601 · program services $1,395 · management and general $206

  • 19 · Conferences, conventions and meetings

    total $4,799 · program services $4,062 · management and general $737

  • 24a · Other expenses: PROGRAM FEES AND SUPPLI

    total $722,483 · program services $722,483

  • 24b · Other expenses: COMMUNITY ACTIVITIES

    total $28,108 · management and general $28,108

  • 24c · Other expenses: DUES AND SUBSCRIPTION

    total $13,133 · program services $10,133 · management and general $3,000

  • 24d · Other expenses: MISCELLANEOUS EXPENSES

    total $6,275 · program services $5,096 · management and general $1,179

  • 24e · All other expenses

    total $5,797 · program services $5,307 · management and general $490

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $918,521 · end of year $722,522

  • 2 · Savings and temporary cash investments

    beginning of year $1,398,875 · end of year $1,408,637

  • 4 · Accounts receivable

    beginning of year $153,336 · end of year $120,931

  • 7 · Other notes and loans receivable

    beginning of year $833,157 · end of year $833,157

  • 15 · Other assets

    beginning of year $349,105 · end of year $1,188,738

  • 17 · Accounts payable and accrued expenses

    beginning of year $176,495 · end of year $563,866

  • 27 · Net assets without donor restrictions

    beginning of year $3,255,032 · end of year $3,529,613

  • 28 · Net assets with donor restrictions

    beginning of year $221,467 · end of year $180,506

Mission and programs · 2023

Mission

LED BY COMMUNITY MEMBERS OF DIVERSE INCOMES AND BACKGROUNDS, WE DEVELOP QUALITY HOUSING, CREATE ECONOMIC OPPORTUNITIES AND FOSTER CIVIC ENGAGEMENT IN NORTH CENTRAL MASSACHUSETTS.

Activities or mission (Part I)

LED BY COMMUNITY MEMBERS OF DIVERSE INCOME AND BACKGROUNDS, WE DEVELOP QUALITY HOUSING, CREATE ECONOMIC OPPORTUNITIES, AND FOSTER CIVIC ENGAGEMENT IN NORTH CENTRAL MASSACHUSETTS.

  • HOUSING AND FINANCIAL SERVICES: ASSISTS CLIENTS WHO ARE SEEKING TO IMPROVE THEIR FINANCIAL SITUATION THROUGH FINANCIAL COACHING, HOMEOWNERSHIP EDUCATION AND COUNSELING. WE HELP OUR CLIENTS MEET THEIR FINANCIAL GOALS. WE ALSO HELP HOMEOWNERS BUY A HOME, KEEP A HOME AND MAINTAIN A HOME. OUR FOCUS IS ON ASSISTING FIRST TIME HOMEBUYERS WHOARE OF LOW TO MODERATE INCOME TO PURCHASE THEIR FIRST HOME, AND TO HELPLOW AND MODERATE INCOME HOMEBUYERS WHO ARE FACING THE THREAT OFFORECLOSURE TO KEEP THEIR HOME.

    Expenses $1,011,756 · Revenue $539,317

  • HOUSING DEVELOPMENT: DEVELOPS QUALITY HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES.

    Expenses $1,815,946 · Grants $1,058,050 · Revenue $999,748

  • SMALL BUSINESS: WE SEEK TO CREATE AND RETAIN STRONG BUSINESSES AND GOOD JOBS. WE FOCUS OUR EFFORTS ON MICRO-ENTERPRISES. WE PROMOTE THE ABILITY OF AREA RESIDENTS TO OWN AND OPERATE THEIR OWN BUSINESSES AND GROW AND REVITALIZE EXISTING FIRMS.

    Expenses $307,381

  • COMMUNITY ORGANIZING/PLANNING: ENGAGE RESIDENTS AND DEVELOP LEADERS TO HELP BUILD POWERFUL HEALTHY NEIGHBORHOODS.

    Expenses $358,626

  • ASSET MANAGEMENT: NVC OUTSOURCES ITS PROPERTY MANAGEMENT TO HELPCONTROL MAINTENANCE COSTS, DEVELOP STREAMLINED PROCEDURES AND TO BETTERMANAGE OUR FACILITIES. SERVICES ARE PROVIDED BY WINGATE MANAGEMENT,WHICH SPECIALIZES IN AFFORDABLE HOUSING MANAGEMENT WHILE MAINTAINING AMIX OF CONDOMINIUM AND COMMERCIAL CONTRACTS. WINGATE MANAGEMENT WILLWORK IN PARTNERSHIP WITH NVC TO ENSURE CONTINUED DELIVERY OF QUALITYREAL ESTATE MANAGEMENT SERVICES TO RESIDENTS.

    Expenses $94,713

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Marc Dohan

    EXECUTIVE DIRECTOR

    Total calculated
    $153,096
    From this org
    $147,119
    From related orgs
    $0
    Other
    $5,977
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,119
    Bonus
    $0
    Other
    $0
    Deferred
    $5,885
    Nontaxable benefits
    $92
    Filer's total
    $153,096

  • Steve Cook

    DIR. OF HOUSING DEVELOPMENT

    Total calculated
    $139,498
    From this org
    $106,562
    From related orgs
    $0
    Other
    $32,936
    Hours/week
    40

  • Ray Belanger

    SMALL BUSINESS DIRECTOR

    Total calculated
    $133,993
    From this org
    $128,751
    From related orgs
    $0
    Other
    $5,242
    Hours/week
    40

  • Anne Reitmayer

    LTA DEVELOPMENT DIRECTOR

    Total calculated
    $127,510
    From this org
    $127,437
    From related orgs
    $0
    Other
    $73
    Hours/week
    40

  • James Linfield

    REAL ESTATE PROJ. DEV.

    Total calculated
    $120,559
    From this org
    $101,233
    From related orgs
    $0
    Other
    $19,326
    Hours/week
    40

  • Tom Gray

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    0.75 + 0.25 related

  • Evelina Rodriguez

    BOARD VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Christina Dirusso

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    0.75 + 0.25 related

  • Erin Nano

    BOARD ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    1

  • William Cortezia

    BOARD CLERK

    Total calculated
    $0
    Hours/week
    1

  • Marta Albizu

    BOARD ASSISTANT CLERK

    Total calculated
    $0
    Hours/week
    1

  • Jay Bry

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Barbara Abraham

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anwar Arenas

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Beatrice Kabaya

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Emily MacRae

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Philip Duffy

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Laura O'Kane

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Luisa Fernandez

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Derek Craig

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • CARTER SCHOOL LIMITED PARTERNSHIP

    RENTAL REAL ESTATE · MA

  • 142 WATER ST LIMITED PARTNERSHIP

    RENTAL REAL ESTATE · MA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • LEOMINSTER AFFORDABLE HOUSING CORPORATION

    C · REAL ESTATE DEVELOPMENT · MA · 100% owned · share of assets $2,056,385 · controlled entity

    Directly controlled by NEWVUE COMMUNITIES INC

  • CARTER SCHOOL GP LLC

    C · REAL ESTATE MANAGEMENT · MA · 79% owned · share of income -$405 · share of assets -$122

    Directly controlled by NEWVUE COMMUNITIES INC

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202433189349306558

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