Form 990 for tax year 2023
Filed by NEWTON HOUSING DEVELOPMENT CORP.
Totals
- Total revenue
- $103,786
- Total expenses
- $81,736
- Contributions and grants received
- $91,475
- Grants paid
- $0
- Program service revenue
- $3
- Investment income
- $12,119
- Other revenue
- $189
- Total assets, end of year
- $3,476,251
- Total liabilities, end of year
- $3,232,500
- Net assets or fund balances, end of year
- $243,751
- Program services expenses (Part IX)
- $81,736
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $81,736
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.
-
1e · Government grants (contributions)
$91,355
-
1f · All other contributions, gifts and grants
$120
-
2f · All other program service revenue
total $3 · unrelated business $0 · excluded $0
-
3 · Investment income
total $922 · unrelated business $0 · excluded $0
-
7a · Gross sales of assets other than inventory
other assets $127,500
-
7b · Less cost or other basis and sales expenses
other assets $116,303
-
7c · Gain or loss
other assets $11,197
-
7d · Net gain or loss
total $11,197 · related or exempt $11,197 · unrelated business $0 · excluded $0
-
11a · Other revenue: MCCANN VILLAGE HOUSING LLC K-1
total $189 · related or exempt $189 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$189
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $46,000 · program services $46,000 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $5,620 · program services $5,620 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $2,855 · program services $2,855 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $925 · program services $925 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $419 · program services $419 · management and general $0 · fundraising $0
-
13 · Office expenses
total $1,272 · program services $1,272 · management and general $0 · fundraising $0
-
16 · Occupancy
total $1,800 · program services $1,800 · management and general $0 · fundraising $0
-
23 · Insurance
total $996 · program services $996 · management and general $0 · fundraising $0
-
24a · Other expenses: SUBDIVISION EXP
total $9,829 · program services $9,829 · management and general $0 · fundraising $0
-
24b · Other expenses: MISC
total $1,713 · program services $1,713 · management and general $0 · fundraising $0
-
24c · Other expenses: PROPERTY TAX
total $9,402 · program services $9,402 · management and general $0 · fundraising $0
-
24d · Other expenses: MEMBERSHIPS & DUES
total $905 · program services $905 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $140,330 · end of year $158,751
-
7 · Other notes and loans receivable
end of year $85,000
-
10a · Land, buildings and equipment: cost or other basis
$3,232,500
-
10c · Land, buildings and equipment, net
beginning of year $3,345,000 · end of year $3,232,500
-
24 · Unsecured notes and loans payable
beginning of year $3,345,000 · end of year $3,232,500
-
31 · Retained earnings, endowment or other funds
beginning of year $140,330 · end of year $243,751
Mission and programs · 2023
Mission
INCREASE THE QUANTITY AND QUALITY OF HOUSING IN NEWTON, IOWA
-
ACQUISITION AND SALE FOR DEVELOPMENT OF NEW HOUSING
Expenses $81,736 · Revenue $103,597
As filed on the 2023 return.
Listed in Part VII
-
Bruce ShowalterBRUCE SHOWALTER
DIRECTOR
- Total calculated
- $46,000
- From this org
- $46,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Jennifer CookJENNIFER COOK
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Jeff PriceJEFF PRICE
VICE-PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Amy TreaseAMY TREASE
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Lonnie PortnerLONNIE PORTNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bev PriceBEV PRICE
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Floyd DavisFLOYD DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bob CupplesBOB CUPPLES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tanya MichenerTANYA MICHENER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jason PriceJASON PRICE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Troy TeagueTROY TEAGUE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shawn PrestonSHAWN PRESTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dan KunkelDAN KUNKEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott NeashamSCOTT NEASHAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Megan MeyerMEGAN MEYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Allison UdelhovenALLISON UDELHOVEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lana Sue NolinLANA SUE NOLIN
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 25 July 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432359349301613
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