New Community Development Corporation
Nonprofit profile at a glance
- EIN
- 470754453
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Council Bluffs, IA, USA
- Phone
- 4024512939
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Housing Support
Reported finances
- Revenue
- $3,680,143
- Expenses
- $3,346,247
- Assets
- $13,621,225
- Liabilities
- $4,996,192
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- David Hazlewood (Chief Executive Officer)
- Joshua Berry (Board President)
- Lara Huskey (Vice President)
Highest reported compensation
- David Hazlewood (Chief Executive Officer): $104,163 total reported compensation
- Phyllis Peterson (Chief Operating Officer): $87,434 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provides safe, affordable and quality housing for low and moderate income families in Douglas & Sarpy NE & Pottawattamie County IA, with an emphasis in Omaha/Council Bluffs metropolitan area.
What it reported doing in 2024
In its efforts to provide save, affordable and high quality housing to low and moderate income families, the Organziation had a dramatic impact on the local community. The Organization placed 9 new home owners in an energy efficent quality home with 4 under construction. The Infil program helps bridge the affordability gap with down payment assistance for qualified buyers of the newly constructed homes while increasing the tax base of the areas the homes are built. The Organization also operated 336 rental units with a focus on those who are low to moderate income.
Operating model
- Revenue model
- Earned-program. 67% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 95
- Accountability: 95
- Sustainability: 61
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 70.8%; rating input score 71
- Program expense ratio: 90.1%; rating input score 90
- Fundraising efficiency: $11.61 raised per $1 spent on fundraising; rating input score 42; 42nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 10th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 9.1%; rating input score 61; 61st percentile among comparable filings
- Total-asset coverage ratio: 4.07; rating input score 80; 80th percentile among comparable filings
- Liabilities to assets ratio: 0.37; rating input score 29; 29th percentile among comparable filings
- Officer compensation ratio: 5.7%; rating input score 49; 49th percentile among comparable filings
Growth
- Program expense growth: 7.1% per year; rating input score 100; 51st percentile among comparable filings
- Revenue growth: 8% per year; rating input score 100; 59th percentile among comparable filings
- Asset growth: 6.6% per year; rating input score 100; 43rd percentile among comparable filings
Details
- Where the money goes: 70.8% of revenue deployed · 90.1% of spending went to programs
- Governance: 10 of 10 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $3M in reported program spending
- Leadership: top reported pay $104K · 12 people listed
- Highest-paid contractors: 1 contractor listed · $104K reported
- Consistency: 31 of 31 current checks pass
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 13 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Fundraising efficiency scored 42/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Liabilities to assets ratio scored 29/100.
- Moderate — Sustainability: Officer compensation ratio scored 49/100.