NEW TOWN MACON INC

As filed

Subsection

03

NTEE code

S21

Classification

1000

Street

555 POPLAR ST

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

2 other organizations in the IRS Business Master File list the same street address. matched by us

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

• GEORGIANS FOR PASSENGER RAIL INC

  EIN 20-4548894

• OCMULGEE LAND TRUST INC

  EIN 20-1260225

Mission and programs · 2023

• COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI): NEWTOWN MACON (THROUGH ITS SUBSIDIARY NEWTOWN LOANS, LLC) HAS BEEN DESIGNATED BY THE U.S. DEPARTMENT OF THE TREASURY AS A CDFI. THE CDFI FACILITATES THE LARGER STRATEGY OF INCREASING DOWNTOWN RESIDENTS BY FUNDING LOFT DEVELOPMENT THROUGH THE REAL ESTATE LOAN FUND AND GROWING JOBS BY PROVIDING CAPITAL AND MENTORING TO ENTREPRENEURS. THE REAL ESTATE LOAN FUND WAS ESTABLISHED IN PARTNERSHIP WITH THE MACON- BIBB URBAN DEVELOPMENT AUTHORITY AND MACON-BIBB COUNTY. WE USE BOND FUNDS IN VIABLE RESIDENTIAL PROJECTS TO CLOSE THE GAP BETWEEN SOURCES OF FUNDS (INCLUDING OWNER EQUITY, TRADITIONAL FINANCING AND HISTORIC TAX CREDITS) AND THE ACTUAL COST TO REHABILITATE OR BUILD REAL ESTATE DEVELOPMENTS DOWNTOWN. AT THE END OF THE FISCAL YEAR, THE CFI HAD 13.7 MILLION OF LOANS IN SERVICE ON PROJECTS. IN TOTAL, CDFI'S REAL ESTATE LOANS PRODUCED PROJECTS WITH MARKET VALUES OF 147 MILLION, EXPECTED TO PRODUCE 378 RESIDENTIAL LOFTS AND REHABILITATE OVER 926,658 SQUARE FEET OF UNDERUTILIZED BUILDINGS. THE CDFI ALSO PROVIDES SUPPORT FOR ENTREPRENEURS. WE OFFER A VARIETY OF SERVICES INCLUDING SHEPHERDING APPLICANTS THROUGH THE PERMIT PROCESS, ONE- ON-ONE MENTORSHIP COUNSELING, AND ACCESS TO CAPITAL THROUGH LOANS, EQUITY INVESTMENTS AND JOINT VENTURES. OUR STAFF SERVED OVER 600 INDIVIDUAL ENTREPRENEURS DURING THE YEAR THROUGH A COMPREHENSIVE SET OF INDIVIDUAL AND GROUP TRAINING PROGRAMS. IN TOTAL BY THE END OF THE FISCAL YEAR, THE CDFI HAD CLOSED 9 BUSINESS LOANS, FOR A TOTAL OF APPROXIMATELY 671,000. THESE SERVICES ATTRACT BUSINESSES TO DOWNTOWN, VERIFIED BY A TOTAL OF 7 NET NEW BUSINESSES OPENING IN DOWNTOWN MACON DURING THE FISCAL YEAR.

  Expenses $1,577,700 · Revenue $1,106,408

• CREATING A SENSE OF PLACE: A DESIRABLE NEIGHBORHOOD IS BOTH LIVABLE AND WALKABLE, SO NEWTOWN MACON IS PROMOTING THE DOWNTOWN LIFESTYLE AND PROVIDING RECREATIONAL ACTIVITIES. NEWTOWN PROMOTES A SENSE OF PLACE BY MANAGING FIRST FRIDAY EVENTS, BEAUTIFYING THE STREETS, PROMOTING DOWNTOWN EVENTS, AND PROMOTING THE DEVELOPMENT OF THE OCMULGEE HERITAGE TRAIL. NEWTOWN MACON ALSO PROMOTES DOWNTOWN LIVING THROUGH MARKETING AND BRANDING, AND BY HELPING PEOPLE FIND A PLACE TO LIVE THROUGH THE LOFT FINDER ONLINE SERVICE AT NEWTOWNMACON.COM/LOFT-FINDER. THROUGH THESE STRATEGIES, DOWNTOWN MACON IS ATTRACTING NEW RESIDENTS. WE ENDED THE YEAR AT OUR GOAL OF 92% OCCUPANCY WITHIN DOWNTOWN MACON'S LOFT RENTAL UNITS.

  Expenses $992,389 · Grants $192,021 · Revenue $311,214

• THE OCMULGEE HERITAGE TRAIL (OHT) OHT CONTINUES TO BE ONE OF OUR MAIN FOCUSES AS A PUBLIC/PRIVATE PARTNERSHIP. NEWTOWN MACON RUNS AN ADVISORY COMMITTEE TO PLAN AND MANAGE EXPANSION AND IMPROVEMENT OF THE TRAIL SYSTEM AND RAISE PRIVATE FUNDS TO ENABLE THESE IMPROVEMENTS THROUGH THE OHT CONSTRUCTION FUND. ONCE IMPROVEMENTS ARE COMPLETE, NEWTOWN TURNS THE IMPROVEMENTS OVER TO LOCAL GOVERNMENT TO RUN AS PUBLIC PARK SPACE IN PERPETUITY. THE COMMITTEE FINALIZED A NEW MASTER PLAN TO GUIDE THE NEXT TWENTY-FIVE YEARS OF TRAIL DEVELOPMENT.

  Expenses $250,271 · Revenue $75,407

• Withheld by Nonprofiteer: this text may name a private individual.

  Expenses $355,821 · Revenue -$175,737

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Officers and directors · 2023

As listed in Part VII of the 2023 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

The first 25 listed. 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. Earlier years are each on their own filing page.

Filings

• 2023

  Revenue

  $2,735,233

  Expenses

  $3,796,164

  Contributions

  $1,417,940

  Grants paid

  $192,021

• 2022

  Revenue

  $3,338,620

  Expenses

  $2,913,101

  Contributions

  $2,422,627

  Grants paid

  $56,290

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2023 · 990-T

  Revenue

  — not reported

  Expenses

  — not reported

  Assets (EOY)

  — not reported

• 2022 · 990-T

  Revenue

  — not reported

  Expenses

  — not reported

  Assets (EOY)

  — not reported

• 2021 · 990

  Revenue

  $9,813,654

  Expenses

  $3,269,796

  Assets (EOY)

  $32,465,436

• 2021 · 990-T

  Revenue

  — not reported

  Expenses

  — not reported

  Assets (EOY)

  — not reported

• 2020 · 990

  Revenue

  $5,896,499

  Expenses

  $2,229,186

  Assets (EOY)

  $28,447,383

• 2020 · 990-T

  Revenue

  — not reported

  Expenses

  — not reported

  Assets (EOY)

  — not reported

• 2019 · 990

  Revenue

  $2,099,062

  Expenses

  $2,823,500

  Assets (EOY)

  $21,941,903

• 2018 · 990

  Revenue

  $2,009,027

  Expenses

  $2,377,659

  Assets (EOY)

  $21,377,587

• 2017 · 990

  Revenue

  $7,011,594

  Expenses

  $1,916,587

  Assets (EOY)

  $18,709,083

• 2016 · 990

  Revenue

  $1,715,724

  Expenses

  $1,688,281

  Assets (EOY)

  $10,765,703

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

• MACON POPS

  $12,500

  2023 · GENERAL SUPPORT

• MACON POPS

  $10,000

  2022 · GENERAL SUPPORT

• URBAN DEVELOPMENT AUTHORITY

  — no cash amount reported

  2023 · DEVELOPMENT

Where these grants went next →

Grants received

• ROBINS FINANCIAL CREDIT UNION

  $22,000

  2024 · 2023 CHRISTMAS LIGHTS & 2024 FIRST FRIDAY SPONSORSHIP

• ROBINS FINANCIAL CREDIT UNION

  $12,000

  2023 · FIRST FRIDAY SPONSORSHIP

• CHARITIES AID FOUNDATION AMERICA

  $11,464

  2024 · CHARITABLE DONATION

• CENTRE FOR PUBLIC IMPACT NORTH AMERICA INC

  $10,500

  2024 · GENERAL SUPPORT

• CHARITIES AID FOUNDATION AMERICA

  $10,194

  2022 · CHARITABLE DONATION

• ROBINS FINANCIAL CREDIT UNION

  $10,000

  2022 · SUPPORT NEWTOWN MACON

• MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC

  $5,000

  2023 · UNRESTRICTED GENERAL SUPPORT

• AMERICAN ONLINE GIVING FOUNDATION INC

  $0

  2025 · GENERAL SUPPORT

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Other IRS files