Totals
- Total revenue
- $557,442
- Total expenses
- $578,187
- Contributions and grants received
- $314,713
- Grants paid
- $23,000
- Program service revenue
- $15,662
- Investment income
- $227,067
- Other revenue
- $0
- Total assets, end of year
- $7,187,029
- Total liabilities, end of year
- $6,719,777
- Net assets or fund balances, end of year
- $467,252
- Program services expenses (Part IX)
- $470,352
- Management and general expenses
- $96,817
- Fundraising expenses
- $11,018
- Program service expenses (Part III)
- $470,352
Program services were 81.3% 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.
-
1f · All other contributions, gifts and grants
$314,713
-
2a · Program service revenue: PROGRAM SERVICE FEES
total $15,662 · related or exempt $15,662
-
3 · Investment income
total $227,067 · excluded $227,067
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $23,000 · program services $23,000
-
7 · Other salaries and wages
total $51,095 · program services $51,095
-
10 · Payroll taxes
total $4,179 · program services $4,179
-
11b · Fees: legal
total $2,104 · program services $1,620 · management and general $484
-
11c · Fees: accounting
total $75,295 · management and general $75,295
-
12 · Advertising and promotion
total $3,000 · fundraising $3,000
-
13 · Office expenses
total $3,977 · program services $3,952 · management and general $25
-
17 · Travel
total $8,018 · fundraising $8,018
-
20 · Interest
total $213,686 · program services $213,686
-
22 · Depreciation, depletion and amortization
total $300 · program services $300
-
23 · Insurance
total $13,543 · program services $7,042 · management and general $6,501
-
24a · Other expenses: OUTSIDE SERVICES
total $143,758 · program services $143,758
-
24b · Other expenses: PROJECTS
total $17,981 · program services $17,981
-
24c · Other expenses: TAXES AND LICENSES
total $11,316 · management and general $11,316
-
24d · Other expenses: OTHER
total $3,428 · program services $3,428
-
24e · All other expenses
total $3,507 · program services $311 · management and general $3,196
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,546,818 · end of year $1,330,834
-
2 · Savings and temporary cash investments
end of year $356,171
-
4 · Accounts receivable
beginning of year $13,937 · end of year $726
-
6 · Loans and receivables from disqualified persons
beginning of year $3,175,000 · end of year $4,414,660
-
7 · Other notes and loans receivable
beginning of year $239,261 · end of year $254,151
-
9 · Prepaid expenses and deferred charges
beginning of year $6,882 · end of year $8,795
-
10a · Land, buildings and equipment: cost or other basis
$290,663
-
10b · Land, buildings and equipment: accumulated depreciation
$1,634
-
10c · Land, buildings and equipment, net
beginning of year $289,328 · end of year $289,029
-
15 · Other assets
beginning of year $651,561 · end of year $532,663
-
17 · Accounts payable and accrued expenses
beginning of year $9,233 · end of year $51,624
-
25 · Other liabilities
beginning of year $6,316,134 · end of year $6,668,153
-
27 · Net assets without donor restrictions
beginning of year $597,420 · end of year $246,762
-
28 · Net assets with donor restrictions
end of year $220,490
Mission and programs · 2022
Mission
NEW WAY HOMES WAS FORMED TO SIGNIFICANTLY INCREASE THE AVAILABILITY AND AFFORDABILITY OF RENTAL HOUSING TO VULNERABLE AND LOW INCOME POPULATIONS BY MAKING CHARITABLE LOANS THAT ARE USED TO INCREASE THE RATE OF DEVELOPMENT OF NEW AFFORDABLE HOUSING INCLUDING WITHIN MIXED INCOME HOUSING PROJECTS.
Activities or mission (Part I)
NEW WAY HOMES WAS FORMED TO SIGNIFCANTLY INCREASE THE AVAILABILITY AND AFFORDABILITY OF RENTAL HOUSING TO VULNERABLE AND LOW INCOME POPULATIONS BY MAKING CHARITABLE LOANS THAT ARE USED TO INCREASE THE RATE OF DEVELOPMENT OF NEW AFFORDABLE HOUSING INCLUDING WITHIN MIXED INCOME HOUSING PROJECTS.
-
DURING 2022 NEW WAY HOMES FURTHERED ITS MISSION TO INCREASE AFFORDABLE/LOW INCOME HOUSING BY MAKING PRE-DEVELOPMENT LOANS TOTALING 1,450,000 AND DIRECTLY PAYING PRE-DEVELOPMENT EXPENSES TOTALING 58,962.
Expenses $470,352 · Grants $23,000 · Revenue $15,662
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
John BallardJOHN BALLARD
TREASURER
- Total calculated
- $0
- Hours/week
- 1.25
-
Owen LawlorOWEN LAWLOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Aura OslapasAURA OSLAPAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Andrew OwANDREW OW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
James RectorJAMES RECTOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Micah SilveyMICAH SILVEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Robert SingletonROBERT SINGLETON
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Christine SipplCHRISTINE SIPPL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Uche J UwahemuUCHE J UWAHEMU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Sibley SimonSIBLEY SIMON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 18.5
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
-
HOUSING MATTERS
$23,000
801 RIVERROOFREPAIRS
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
8930 MACARTHUR BLVD
HOUSING DE · CA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303199349309835
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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