Totals
- Total revenue
- $1,235,459
- Total expenses
- $833,598
- Contributions and grants received
- $699,736
- Grants paid
- $2,500
- Program service revenue
- $16,960
- Investment income
- $518,763
- Other revenue
- $0
- Total assets, end of year
- $11,994,685
- Total liabilities, end of year
- $7,624,058
- Net assets or fund balances, end of year
- $4,370,627
- Program services expenses (Part IX)
- $729,541
- Management and general expenses
- $100,994
- Fundraising expenses
- $3,063
- Program service expenses (Part III)
- $729,541
Program services were 87.5% 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)
$224,437
-
1f · All other contributions, gifts and grants
$475,299
-
2a · Program service revenue: PROGRAM SERVICE FEES
total $16,960 · related or exempt $16,960
-
3 · Investment income
total $488,383 · excluded $488,383
-
7a · Gross sales of assets other than inventory
securities $30,380
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $30,380
-
7d · Net gain or loss
total $30,380 · excluded $30,380
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,500 · program services $2,500
-
7 · Other salaries and wages
total $136,665 · program services $136,665
-
9 · Other employee benefits
total $3,872 · program services $3,872
-
10 · Payroll taxes
total $11,873 · program services $11,873
-
11c · Fees: accounting
total $74,575 · management and general $74,575
-
11g · Fees: other
total $323,446 · program services $323,446
-
13 · Office expenses
total $5,450 · management and general $5,450
-
14 · Information technology
total $920 · program services $920
-
17 · Travel
total $3,063 · fundraising $3,063
-
19 · Conferences, conventions and meetings
total $12,915 · management and general $12,915
-
20 · Interest
total $225,906 · program services $225,906
-
22 · Depreciation, depletion and amortization
total $1,244 · program services $1,244
-
23 · Insurance
total $16,779 · program services $8,725 · management and general $8,054
-
24a · Other expenses: DUES AND SUBSCRIPTIONS
total $8,513 · program services $8,513
-
24b · Other expenses: MISCELLANEOUS
total $5,000 · program services $5,000
-
24c · Other expenses: LICENSE & PERMITS
total $877 · program services $877
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $711,711 · end of year $2,012,748
-
2 · Savings and temporary cash investments
beginning of year $484,920 · end of year $738,631
-
4 · Accounts receivable
beginning of year $2,174,975 · end of year $53,446
-
5 · Loans and receivables from officers and key people
beginning of year $6,955,938 · end of year $8,032,418
-
7 · Other notes and loans receivable
end of year $912,558
-
9 · Prepaid expenses and deferred charges
beginning of year $13,765 · end of year $25,270
-
10a · Land, buildings and equipment: cost or other basis
$3,848
-
10b · Land, buildings and equipment: accumulated depreciation
$705
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $3,143
-
15 · Other assets
beginning of year $216,149 · end of year $216,471
-
17 · Accounts payable and accrued expenses
beginning of year $256,693 · end of year $202,253
-
25 · Other liabilities
beginning of year $6,331,999 · end of year $7,421,805
-
27 · Net assets without donor restrictions
beginning of year $1,457,153 · end of year $2,479,696
-
28 · Net assets with donor restrictions
beginning of year $2,511,613 · end of year $1,890,931
Mission and programs · 2024
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)
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.
-
DURING 2024 NEW WAY HOMES FURTHERED ITS MISSION TO INCREASE AFFORDABLE/LOW-INCOME HOUSING BY MAKING PRE-DEVELOPMENT LOANS TOTALING $1,652,166.45 AND DIRECTLY PAYING PREDEVELOPMENT EXPENSES TOTALING $249,105.97.
Expenses $729,541 · Grants $2,500 · Revenue $16,960
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Sibley SimonSIBLEY SIMON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 18.5
-
John BallardJOHN BALLARD
TREASURER (END 11/15/24)
- Total calculated
- $0
- Hours/week
- 1.25
-
Robert SingletonROBERT SINGLETON
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
James RectorJAMES RECTOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Christine SipplCHRISTINE SIPPL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Uche UwahemuUCHE UWAHEMU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Andrew OwANDREW OW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Micah SilveyMICAH SILVEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Owen LawlorOWEN LAWLOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Aura OslapasAURA OSLAPAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Elaine JohnsonELAINE JOHNSON
HSCC EXECUTIVE DIRECTOR
- Total calculated
- $117,449
- From this org
- $116,724
- From related orgs
- $0
- Other
- $725
- Hours/week
- 40
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.
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.
-
ST JOHN'S HOUSE LLC
INVESTMENT · AFFORDABLE HOUSING DEVELOPMENT · CA · 1% owned · share of income $6 · share of assets $6
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503219349312770
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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