Newton Housing Development Corp in Newton, Iowa (IA)
Table of contents:
| Newton Housing Development Corp | |
| Employer Identification Number (EIN) | 421366201 |
| Name of Organization | Newton Housing Development Corp |
| In Care of Name | BRUCE SHOWALTER |
| Address | 123 W 2nd St N, Newton, IA 50208 |
| Website | http://NEWTONHDC.ORG |
| Activities | Described in section 509(a)(2) of the Code, Low and moderate income housing |
| Subsection | Charitable Organization |
| Ruling Date | 09/1997 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 2011 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $44,678 |
| Amount of Income | $29,438 |
| Form 990 Revenue Amount | $29,438 |
| National Taxonomy of Exempt Entities (NTEE) | Housing, Shelter: Housing Rehabilitation |
Non-representatives - add comments:
Amount of income in 2011: $29,438 (it was $29,438 in 2013)
| Newton Housing Development Corp: | $29,438 |
| Other organizations performing similar types of work: | $130,343 |
Assets in 2011: $44,678 (it was $44,678 in 2013)
| Newton Housing Development Corp: | $44,678 |
| Other organizations performing similar types of work: | $240,247 |
Expenses in 2013: $32,492
| Newton Housing Development Corp: | $32,492 |
| Other organizations performing similar types of work: | $119,783 |
Income to expenses ratio in 2013: 0.9
| Newton Housing Development Corp: | 0.9 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 100.0%
| Newton Housing Development Corp: | 100.0% |
| Other organizations performing similar types of work: | 40.9% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $58,643 | $29,438 |
| Contributions, gifts, grants, and similar amounts received | $58,625 | $29,433 |
| Program service revenue including government fees and contracts | $0 | $0 |
| Membership dues and assessments | $0 | $0 |
| Investment income | $7 | $5 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 |
| Other revenue | $11 | $0 |
| Total expenses | $20,091 | $32,492 |
| Total net assets | $47,727 | $44,678 |
| Excess/Deficit for the year | $38,552 | $-3,054 |
| Net assets or fund balances at beginning of year | $9,175 | $47,727 |
| Other changes in net assets or fund balances | $0 | $5 |
| Net assets or fund balances at end of year | $47,727 | $44,678 |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $47,727 | $44,678 |
| Total liabilities | $0 | $0 |
| Net assets or fund balances | $47,727 | $44,678 |
| Other Information | ||
| 2012 | 2013 | |
|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No |
| Were any significant changes made to the organizing or governing documents? | No | No |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No |
| Has the organization filed a Form 990-T for the year? | No | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No |
| Amount of political expenditures, direct or indirect | $0 | $0 |
| Did the organization file Form 1120-POL for this year? | No | No |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No |
| Total amount involved | $0 | $0 |
| Initiation fees and capital contributions | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $88,058 |
| Subtotal Support | $88,058 |
| Gifts, grants, contributions, and membership fees received | $88,058 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $88,065 |
| Public Support | $88,058 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $7 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Affordable Housing Solutions Of San Bernardino Inc | 201 N E St Ste 301, Sn Bernrdno, CA 92401-1520 | CA | 2013-06 | $17,978,342 |
| 2 | Hnhf Realty Collaborative | 700 Childrens Dr, Columbus, OH 43205-2664 | OH | 2006-08 | $3,916,683 |
| 3 | Twin Cities Community Land Bank Llc | 615 1st Ave Ne Ste 100, Minneapolis, MN 55413-2455 | MN | 2012-12 | $3,259,593 |
| 4 | Habitat For Humanity Bed-Stuy Homes Hdfc | 111 John St Fl 23, New York, NY 10038-3109 | NY | 2012-01 | $1,570,574 |
| 5 | Pontchartrain Park Community Development Corporation | 1010 Common St Ste 2510, New Orleans, LA 70112-2454 | LA | 2009-01 | $1,444,981 |
| 6 | Neighborhood Development Corp | 3209 Ingersoll Ave Ste 205, Des Moines, IA 50312-3920 | IA | 2000-07 | $1,315,373 |
| 7 | Waipahu Towers Cooperative | PO BOX 38078, Honolulu, HI 96837-1078 | HI | 1997-03 | $1,260,082 |
| 8 | Orange County Housing Development Fund Corporation | 242 West 36th Street, New York, NY 10018-7542 | NY | 2012-07 | $1,012,380 |
| 9 | Rebuilding Together Greater Dallas Inc | 1611 N Interstate 35e Ste 310, Carrollton, TX 75006-3867 | TX | 2002-05 | $1,007,709 |
| 10 | Lehigh Valley Community Land Trust | 1337 E 5th St, Bethlehem, PA 18015-2103 | PA | 2010-04 | $885,886 |
| 11 | Humble Design Inc | 1640 Birmingham Blvd, Birmingham, MI 48009 | MI | 2009-10 | $812,003 |
| 12 | Rebuilding Together Roanoke Inc | PO BOX 4532, Roanoke, VA 24015-0532 | VA | 2000-02 | $526,267 |
| 13 | Y Community Development Corp | 90 N Newberry St, York, PA 17401-1012 | PA | 1999-03 | $524,901 |
| 14 | Mahoning Valley Landlord Lead Program Inc | 4041 Market Street, Youngstown, OH 44512-1102 | OH | 2011-04 | $484,742 |
| 15 | Dallas County Local Housing Trust Fund Inc | 4200 MILLS CIVIC PARKWAY PO BOX, West Des Moines, IA 50265-2000 | IA | 2005-07 | $230,348 |
| 16 | Shelby County Community Outreach Inc | PO BOX 69, Harlan, IA 51537-0069 | IA | 2005-01 | $144,880 |
| 17 | Gateway To Discovery Of Fort Dodge | PO BOX 432, Fort Dodge, IA 50501-0432 | IA | 2013-03 | $109,736 |
| 18 | Rebuilding Together-Muscatine | 1424b Houser St, Muscatine, IA 52761-2235 | IA | 2007-05 | $77,170 |
| 19 | Newton Housing Development Corp | 123 W 2nd St N, Newton, IA 50208 | IA | 1997-09 | $29,438 |
| 20 | Whiting Housing Corporation Inc | Po Box 367, Whiting, IA 51063 | IA | 2005-04 | $0 |
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