Civic Intelligence

New Foundations Development Inc.

990 • Fiscal year 2022 • EIN 46-2225077

Apr 01, 2021 to Mar 31, 2022 • Filed on Sep 02, 2022

Organization Profilewww.nfdinc.org
607 Oothcalooga StCalhoun, GA 30701

(706) 629-9183

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

86th percentile

0.26x

Higher debt load relative to assets than 86% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

83rd percentile

0.12x

Higher debt load relative to revenue than 83% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

45th percentile

1.7%

Higher net margin than 45% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

57th percentile

5.6%

Faster asset growth than 57% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

71st percentile

43%

Faster revenue growth than 71% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$103,891

Up $5,535 (+5.6%) from 2021

Net Assets

Up

$76,808

Up $3,758 (+5.1%) from 2021

Liabilities

Up

$27,083

Up $1,777 (+7.0%) from 2021

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin45th percentile

Revenue

Up

$217,817

Up $65,600 (+43%) from 2021

Expenses

Up

$214,059

Up $53,203 (+33%) from 2021

Net Income

Up

$3,758

Up $12,397 (+144%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth57th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2021: $98,356Liabilities 2021: $25,306Net Assets 2021: $73,0502021Assets 2022: $103,891Liabilities 2022: $27,083Net Assets 2022: $76,8082022Assets 2023: $92,808Liabilities 2023: $0Net Assets 2023: $92,8082023Assets 2024: $172,847Liabilities 2024: $0Net Assets 2024: $172,8472024Assets 2025: $265,594Liabilities 2025: $54,691Net Assets 2025: $210,9032025

Highlighted filing

2022

Assets$103,891
Liabilities$27,083
Net Assets$76,808
Open 2022 Filing

Operations Trend

Revenue Growth71st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2021: $152,217Expenses 2021: $160,856Net Income 2021: -$8,6392021Revenue 2022: $217,817Expenses 2022: $214,059Net Income 2022: $3,7582022Revenue 2023: $174,311Expenses 2023: $158,311Net Income 2023: $16,0002023Revenue 2024: $669,695Expenses 2024: $589,655Net Income 2024: $80,0402024Revenue 2025: $316,737Expenses 2025: $278,681Net Income 2025: $38,0562025

Highlighted filing

2022

Revenue$217,817
Expenses$214,059
Net Income$3,758
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2021 to Mar 31, 2022
Signed
Sep 2, 2022
Return Version
2021v4.0
Gross Receipts
$217,817
Mission and Program Overview

Mission

The mission of New Foundations Development, Inc. is to impact our community by advocating affordable housing and offering quality home improvements without discrimination.

To advance affordable housing opportunities withing Gordon and Bartow Counties in the State of Georgia

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$67,115$67,115→ $0
Cash and Non-Interest-Bearing Accounts$31,241$36,776▲ $5,535
Total Assets$98,356$103,891▲ $5,535
Liabilities
Accounts Payable and Accrued Expenses$25,306$27,083▲ $1,777
Total Liabilities$25,306$27,083▲ $1,777
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$73,050$76,808▲ $3,758
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$73,050$76,808▲ $3,758
Total Liabilities and Net Assets / Fund Balance$98,356$103,891▲ $5,535

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$67,115-$0
Equipment$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Clifford FreeChairman
Clinton MarshallVice Chair
Billie Jean ErwinDirector
Carol HatchDirector
Cleo StricklandDirector
Grant WalravenDirector
Mary Ruth GariganDirector
Rhonda MassingillDirector
Scott ClementsDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$217,817
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$3,758
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$214,059
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$187,840--$187,840
Fees for Services Management$20,871--$20,871
Fees for Services Accounting$2,350--$2,350
Office Expenses$1,729--$1,729
Insurance$1,269--$1,269
Total Functional Expenses$214,059$0$0$214,059
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“New Foundations is governed by a Board of Directors who serve on a term basis, and through Board action, may from time to time, remove or appoint Board Members. All Members have voting rights on the Board of Directors. New Foundations does not have stock holders.”

Form 990, Part VI, Section A, Line 7A

“New Foundations is governed by a Board of Directors who serve on a term basis, and through Board action, may from time to time, remove or appoint Board Members. All Members have voting rights on the Board of Directors. New Foundations does not have stock holders.”

Form 990, Part VI, Section B, Line 11B

“The Executive Director reviews the 990 after it has been prepared and validates the 990 to relative accounting reports.”

Form 990, Part VI, Section B, Line 12C

“Monthly Board meetings.”

Form 990, Part VI, Section C, Line 19

“Monthly Public Meetings”

Filing and Contact Details

Filer

Filer Name
New Foundations Development Inc
EIN
46-2225077
Phone
7066299183
Address
607 Oothcalooga St, Calhoun, GA 30701

Signing Officer

Name
Gary Erwin
Title
Executive Director
Phone
7066299183
Signed
2022-09-02

Organization Details

Principal Officer
Gary Erwin
Formed
2012
Legal Domicile
Ga
Voting Board Members
9
Independent Board Members
0
Employees
0
Volunteers
9
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Construction contractors, property surveyors, and sub-contractors thereof whom provided services towards our renovations of low-income home owners.”

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0New Foundations is governed by a Board of Directors who serve on a term basis, and through Board action, may from time to time, remove or appoint Board Members. All Members have voting rights on the Board of Directors. New Foundations does not have stock holders.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1New Foundations is governed by a Board of Directors who serve on a term basis, and through Board action, may from time to time, remove or appoint Board Members. All Members have voting rights on the Board of Directors. New Foundations does not have stock holders.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Executive Director reviews the 990 after it has been prepared and validates the 990 to relative accounting reports.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Monthly Board meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Monthly Public Meetings
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Construction contractors, property surveyors, and sub-contractors thereof whom provided services towards our renovations of low-income home owners.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 11g
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0United States Department of Housing and Urban Development
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Housing Authority of the City of Calhoun
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0586002740
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Public Housing Authority
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0607 Oothcalooga Street
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Calhoun
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd030701
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt098356
IRS990/TotalAssetsEOYAmt0103891
IRS990/TotalAssetsGrp/BOYAmt098356
IRS990/TotalAssetsGrp/EOYAmt0103891
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0217817
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0214059
IRS990/TotalFunctionalExpensesGrp/TotalAmt0214059
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt025306
IRS990/TotalLiabilitiesEOYAmt027083
IRS990/TotalLiabilitiesGrp/BOYAmt025306
IRS990/TotalLiabilitiesGrp/EOYAmt027083
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt073050
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt076808
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0214059
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0217817
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt098356
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0103891
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0607 Oothcalooga St
IRS990/USAddress/CityNm0Calhoun
IRS990/USAddress/StateAbbreviationCd0GA
IRS990/USAddress/ZIPCd030701
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0www.nfdinc.org
IRS990/WhistleblowerPolicyInd01
ReasonableCauseExplanation/ExplanationTxt0We received an extension
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Gary Erwin
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum07066299183
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-09-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEW FOUNDATIONS DEVELOPMENT INC
ReturnHeader/Filer/BusinessNameControlTxt0NEWF

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$103,891
Liabilities
$27,083
Net assets
$76,808
Revenue
$217,817
Expenses
$214,059
Net income
$3,758
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.66$0.55$2.11$3.17$2.79$0.38
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.73$0.00$1.73$6.70$5.90$0.80
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.93$0.00$0.93$1.74$1.58$0.16
2022Detailed filing. Detailed filing data is available for this year.$1.04$0.27$0.77$2.18$2.14$0.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$0.25$0.73$1.52$1.61$0.09