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NEW WAY HOMES INC

EIN 47-4091853 SANTA CRUZ, CA

Browse the largest nonprofits in California

Revenue 2024
$1,235,459
Expenses 2024
$833,598

Program services were 87.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
P20
Classification
1000
Street
1040 MYSTERY SPOT RD

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

1 other organization in the IRS Business Master File lists 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.

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.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Sibley Simon

    PRESIDENT

    Total calculated
    $0
    Hours/week
    18.5

  • John Ballard

    TREASURER (END 11/15/24)

    Total calculated
    $0
    Hours/week
    1.25

  • Robert Singleton

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • James Rector

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Christine Sippl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Uche Uwahemu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Andrew Ow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Micah Silvey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Owen Lawlor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Aura Oslapas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Elaine 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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $1,235,459
    Expenses
    $833,598
    Contributions
    $699,736
    Grants paid
    $2,500
  • 2023
    Revenue
    $4,715,504
    Expenses
    $1,213,990
    Contributions
    $4,045,225
    Grants paid
    $1,000
  • 2022
    Revenue
    $557,442
    Expenses
    $578,187
    Contributions
    $314,713
    Grants paid
    $23,000

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

  • 2021 · 990

    Revenue
    $215,241
    Expenses
    $287,591
    Assets (EOY)
    $6,922,787

  • 2020 · 990

    Revenue
    $309,351
    Expenses
    $239,931
    Assets (EOY)
    $3,315,167

  • 2019 · 990

    Revenue
    $400,214
    Expenses
    $169,723
    Assets (EOY)
    $2,482,051

  • 2018 · 990

    Revenue
    $60,520
    Expenses
    $95,169
    Assets (EOY)
    $1,675,845

  • 2017 · 990

    Revenue
    $35,672
    Expenses
    $60,766
    Assets (EOY)
    $923,271

  • 2016 · 990

    Revenue
    $502,159
    Expenses
    $65,746
    Assets (EOY)
    $683,367

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.

Grants made

  • HOUSING MATTERS

    $23,000

    2022 801 RIVERROOFREPAIRS

Where these grants went next →

Grants received

The 10 largest by cash amount. The API serves every itemized grant.

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.

Related partnerships on its 2024 return

  • ST JOHN'S HOUSE LLC

    INVESTMENT · AFFORDABLE HOUSING DEVELOPMENT · CA · 1% owned · share of income $6 · share of assets $6

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.