Skip to content
Nonprofiteer
← NEW FOUNDATIONS DEVELOPMENT INC

Form 990 for tax year 2023

Filed by NEW FOUNDATIONS DEVELOPMENT INC.

Totals

Total revenue
$669,695
Total expenses
$589,655
Contributions and grants received
$669,695
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$172,847
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$172,847
Program services expenses (Part IX)
$589,655
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$589,655

Program services were 100.0% 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

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $656,394

  • 1f · All other contributions, gifts and grants

    $13,301

  • 1g · Noncash contributions included above

    $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $0 · management and general $0

  • 11c · Fees: accounting

    total $492 · program services $492

  • 12 · Advertising and promotion

    total $207 · program services $207 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $346 · program services $346

  • 23 · Insurance

    total $884 · program services $884

  • 24e · All other expenses

    total $587,726 · program services $587,726

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $22,750 · end of year $104,978

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $2,298 · end of year $35

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $644 · end of year $719

  • 10a · Land, buildings and equipment: cost or other basis

    $67,115

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $67,115 · end of year $67,115

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $92,807 · end of year $172,847

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

To advance affordable housing opportunities withing Gordon and Bartow Counties in the State of Georgia

  • Rehabilitation of homes for low income home owners.

    Expenses $589,655 · Grants $587,376 · Revenue $669,695

As filed on the 2023 return.

Listed in Part VII

  • Rhonda Massingill

    Director

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Scott Clements

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Grant Walraven

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Mary Ruth Garigan

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Cleo Strickland

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Clifford Free

    Chairman

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Clinton Marshall

    Vice Chair

    Total calculated
    $0
    Hours/week
    0.25

  • Billie Jean Erwin

    Director

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Carol Hatch

    Director

    Total calculated
    $0
    Hours/week
    10 + 30 related

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.

Grants on this return

No itemized grants to organizations 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.

  • Housing Authority of the City of Calhoun

    Public Housing Program · GA

Provenance

Return type
form_990
Tax year
2023
Filed
29 July 2024
IRS schema version
2023v5.0
Source object
202422119349301452

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.