Civic Intelligence

New Way Homes Inc

EIN 47-4091853 • 501(c)3 • Santa Cruz, CA

Profile

See sch onew 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.

1040 Mystery Spot RoadSanta Cruz, CA 95065

www.newwayhomes.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

82nd percentile

0.64x

Higher debt load relative to assets than 82% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

95th percentile

6.17x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

82nd percentile

33%

Higher net margin than 82% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

35th percentile

$117,449

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 9.5% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

87th percentile

29%

Faster asset growth than 87% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Revenue Growth

86th percentile

49%

Faster revenue growth than 86% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Assets

Up

$11,994,685

Up $1,437,227 (+14%) from 2023

Liabilities

Up

$7,624,058

Up $1,035,366 (+16%) from 2023

Net Assets

Up

$4,370,627

Up $401,861 (+10%) from 2023

Revenue

Down

$1,235,459

Down $3,480,045 (-74%) from 2023

Expenses

Down

$833,598

Down $380,392 (-31%) from 2023

Net Income

Down

$401,861

Down $3,099,653 (-89%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2016: $683,367Liabilities 2016: $253,765Net Assets 2016: $429,6022016Assets 2017: $923,271Liabilities 2017: $518,763Net Assets 2017: $404,5082017Assets 2018: $1,675,845Liabilities 2018: $1,305,986Net Assets 2018: $369,8592018Assets 2019: $2,482,051Liabilities 2019: $1,881,701Net Assets 2019: $600,3502019Assets 2020: $3,315,167Liabilities 2020: $2,645,397Net Assets 2020: $669,7702020Assets 2021: $6,922,787Liabilities 2021: $6,325,367Net Assets 2021: $597,4202021Assets 2022: $7,187,029Liabilities 2022: $6,719,777Net Assets 2022: $467,2522022Assets 2023: $10,557,458Liabilities 2023: $6,588,692Net Assets 2023: $3,968,7662023Assets 2024: $11,994,685Liabilities 2024: $7,624,058Net Assets 2024: $4,370,6272024

Highlighted filing

2024

Assets$11,994,685
Liabilities$7,624,058
Net Assets$4,370,627

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2016: $502,159Expenses 2016: $65,746Net Income 2016: $436,4132016Revenue 2017: $35,672Expenses 2017: $60,766Net Income 2017: -$25,0942017Revenue 2018: $60,520Expenses 2018: $95,169Net Income 2018: -$34,6492018Revenue 2019: $400,214Expenses 2019: $169,723Net Income 2019: $230,4912019Revenue 2020: $309,351Expenses 2020: $239,931Net Income 2020: $69,4202020Revenue 2021: $215,241Expenses 2021: $287,591Net Income 2021: -$72,3502021Revenue 2022: $557,442Expenses 2022: $578,187Net Income 2022: -$20,7452022Revenue 2023: $4,715,504Expenses 2023: $1,213,990Net Income 2023: $3,501,5142023Revenue 2024: $1,235,459Expenses 2024: $833,598Net Income 2024: $401,8612024

Highlighted filing

2024

Revenue$1,235,459
Expenses$833,598
Net Income$401,861

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$1,235,459
Mission and Program Overview

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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Receivables From Officers Etc$6,955,938$8,032,418▲ $1,076,480
Cash and Non-Interest-Bearing Accounts$711,711$2,012,748▲ $1,301,037
Other Notes and Loans Receivable, Net-$912,558-
Savings and Temporary Cash Investments$484,920$738,631▲ $253,711
Accounts Receivable$2,174,975$53,446▼ $2,121,529
Prepaid Expenses and Deferred Charges$13,765$25,270▲ $11,505
Land, Buildings, and Equipment, Net$0$3,143▲ $3,143
Total Assets$10,557,458$11,994,685▲ $1,437,227
Other Assets Total$216,149$216,471▲ $322
Liabilities
Other Liabilities$6,331,999$7,421,805▲ $1,089,806
Accounts Payable and Accrued Expenses$256,693$202,253▼ $54,440
Total Liabilities$6,588,692$7,624,058▲ $1,035,366
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,457,153$2,479,696▲ $1,022,543
Net Assets With Donor Restrictions$2,511,613$1,890,931▼ $620,682
Total Net Assets Fund Balance$3,968,766$4,370,627▲ $401,861
Total Liabilities and Net Assets / Fund Balance$10,557,458$11,994,685▲ $1,437,227

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,143$705$3,848
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elaine JohnsonHscc Executive DirectorFT$116,724$725$117,449

Board Members and Trustees

NameTitle
Sibley SimonPresident
Andrew OwDirector
Aura OslapasDirector
Christine SipplDirector
James RectorDirector
Micah SilveyDirector
Owen LawlorDirector
Uche UwahemuDirector
Robert SingletonSecretary
John BallardTreasurer (end 11/15/24)

Highest Paid Contractors

ContractorServicesLocationCompensation
WorkbenchConstruction Mgmt189 WALNUT AVENUE, Santa Cruz, CA 95060$172,854
Revenue and Support

Revenue Composition

Contributions and Grants
$699,736
Program Service Revenue
$16,960
Investment Income
$518,763
Other Revenue
$0
All Other Contributions
$475,299
Change in Net Assets
$401,861
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$678,688
Salaries, Compensation, and Employee Benefits$152,410
Total Fundraising Expense$3,063
Grants and Similar Amounts Paid$2,500
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$323,446--$323,446
Interest$225,906--$225,906
Other Salaries and Wages$136,665--$136,665
Fees for Services Accounting-$74,575-$74,575
Insurance$8,725$8,054-$16,779
Conferences and Meetings-$12,915-$12,915
Payroll Taxes$11,873--$11,873
Office Expenses-$5,450-$5,450
Other Employee Benefits$3,872--$3,872
Travel--$3,063$3,063
Grants to Domestic Orgs$2,500--$2,500
Depreciation Depletion$1,244--$1,244
Information Technology$920--$920
Other Expenses$877--$877
Total Functional Expenses$729,541$100,994$3,063$833,598
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
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$6,955,938$8,032,418▲ $1,076,480
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Notes Payable$7,421,805
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

There are no committees with authority to act on behalf of the governing body.

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

The form 990 will be provided to the organization's board of directors for review prior to being filed.

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

Nwh conflict of interest policy covers interested persons as defined as any director, principal officer, member of a committee with governing board delegated powers or any other person who is a "disqualified person" as defined in section 4958(f) of the internal revenue code, who has a direct or indirect financial interest. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors considering the proposed transaction or arrangement. After disclosure of facts and discussion with the interested person, they will be asked to leave the board meeting, the board will further discuss and then vote on how to proceed with the transaction or arrangement. If the transaction or arrangement is voted on to proceed, then a disinterested person will be appointed to oversee such transaction or arrangement.

Form 990, Part VI, Section B, Line 15

Organization's compensation policy requires board or compensation committee review of comparability data. The board or compensation committee documents the deliberation and decisions made. The process described here was last completed in 2024.

Form 990, Part VI, Section C, Line 19

The organization holds copies of its governing documents, conflict of interest policy and financial statements at its registered place of business and makes them available upon request to any member of the public.

Filing and Contact Details

Filer

Filer Name
New Way Homes Inc
EIN
47-4091853
Phone
8314194091
Address
1040 MYSTERY SPOT ROAD, SANTA CRUZ, CA 95065

Signing Officer

Name
Sibley Simon
Title
President
Phone
8314194091
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sibley Simon
Formed
2015
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
3
Volunteers
20

Preparer

Firm
Cliftonlarsonallen Llp
Address
1188 PADRE DRIVE STE 101, SALINAS, CA 93901
Preparer
Kiely Holcomb CPA
Phone
8317596300
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Outside services: program service expenses 323,446. Management and general expenses 0. Fundraising expenses 0. Total expenses 323,446.

Raw XML AppendixShowing 400 of 520 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER (END 11/15/24)
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IRS990/MissionDesc0NEW 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt03968766
IRS990/NetAssetsOrFundBalancesEOYAmt04370627
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt030380
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt030380
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01457153
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02479696
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05450
IRS990/OfficeExpensesGrp/TotalAmt05450
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0216149
IRS990/OtherAssetsTotalGrp/EOYAmt0216471
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt03872
IRS990/OtherEmployeeBenefitsGrp/TotalAmt03872
IRS990/OtherExpensesGrp/Desc0DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2LICENSE & PERMITS
IRS990/OtherExpensesGrp/ProgramServicesAmt08513
IRS990/OtherExpensesGrp/ProgramServicesAmt15000
IRS990/OtherExpensesGrp/ProgramServicesAmt2877
IRS990/OtherExpensesGrp/TotalAmt08513
IRS990/OtherExpensesGrp/TotalAmt15000
IRS990/OtherExpensesGrp/TotalAmt2877
IRS990/OtherLiabilitiesGrp/BOYAmt06331999
IRS990/OtherLiabilitiesGrp/EOYAmt07421805
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0136665
IRS990/OtherSalariesAndWagesGrp/TotalAmt0136665
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0912558
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt011873
IRS990/PayrollTaxesGrp/TotalAmt011873
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013765
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt025270
IRS990/PrincipalOfficerNm0SIBLEY SIMON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt016960
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt016960
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01000
IRS990/PYInvestmentIncomeAmt0622966
IRS990/PYOtherExpensesAmt01047266
IRS990/PYOtherRevenueAmt025242
IRS990/PYProgramServiceRevenueAmt022071
IRS990/PYRevenuesLessExpensesAmt03501514
IRS990/PYSalariesCompEmpBnftPaidAmt0165724
IRS990/PYTotalExpensesAmt01213990
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04715504
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt06955938
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt08032418
IRS990/ReconcilationRevenueExpnssAmt0401861
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt016960
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0484920
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0738631
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0699736
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt04045225
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0314713
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0175404
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0178170
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05413248
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0488383
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0438722
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0227067
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0190751
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0131181
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01476104
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt054693
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt025242
IRS990ScheduleA/OtherIncome170Grp/TotalAmt025242
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.77040
IRS990ScheduleA/PublicSupportPY170Pct00.81940
IRS990ScheduleA/PublicSupportTotal170Amt05326832
IRS990ScheduleA/SubstantialContributorsTotAmt086416
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0699736
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt04045225
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0314713
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0175404
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0178170
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05413248
IRS990ScheduleA/TotalSupportAmt06914594
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/DirectContactLegislatorsInd01
IRS990ScheduleC/GrantsOtherOrganizationsAmt01000
IRS990ScheduleC/GrantsOtherOrganizationsInd01
IRS990ScheduleC/MailingsMembersInd00
IRS990ScheduleC/MediaAdvertisementsInd00
IRS990ScheduleC/NotDescribedSection501c3Ind00
IRS990ScheduleC/OtherActivitiesInd00
IRS990ScheduleC/PaidStaffOrManagementInd01
IRS990ScheduleC/PublicationsOrBroadcastInd01
IRS990ScheduleC/RalliesDemonstrationsInd01
IRS990ScheduleC/TotalLobbyingExpendituresAmt01000
IRS990ScheduleC/VolunteersInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt03143
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0705
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03848
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07421805
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTES PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03143
IRS990ScheduleD/TotalLiabilityAmt07421805
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt06628481
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt1677073
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt2726864
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0ENVISION I LLC
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt1ENVISION II LLC
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt2841 CAPITOLA LLC
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd20
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0PRE-DEVELOPMENT WORK ON VARIOUS HOUSING PROJECTS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1PRE-DEVELOPMENT WORK ON VARIOUS HOUSING PROJECTS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2PRE-DEVELOPMENT WORK ON VARIOUS HOUSING PROJECTS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt06200000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt1580000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt2675000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0OFFICER HAS FINANCIAL INTEREST
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1OFFICER HAS FINANCIAL INTEREST
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2OFFICER HAS FINANCIAL INTEREST
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd21
IRS990ScheduleL/TotalBalanceDueAmt08032418
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 WILL BE PROVIDED TO THE ORGANIZATION'S BOARD OF DIRECTORS FOR REVIEW PRIOR TO BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NWH CONFLICT OF INTEREST POLICY COVERS INTERESTED PERSONS AS DEFINED AS ANY DIRECTOR, PRINCIPAL OFFICER, MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS OR ANY OTHER PERSON WHO IS A "DISQUALIFIED PERSON" AS DEFINED IN SECTION 4958(F) OF THE INTERNAL REVENUE CODE, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF FACTS AND DISCUSSION WITH THE INTERESTED PERSON, THEY WILL BE ASKED TO LEAVE THE BOARD MEETING, THE BOARD WILL FURTHER DISCUSS AND THEN VOTE ON HOW TO PROCEED WITH THE TRANSACTION OR ARRANGEMENT. IF THE TRANSACTION OR ARRANGEMENT IS VOTED ON TO PROCEED, THEN A DISINTERESTED PERSON WILL BE APPOINTED TO OVERSEE SUCH TRANSACTION OR ARRANGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ORGANIZATION'S COMPENSATION POLICY REQUIRES BOARD OR COMPENSATION COMMITTEE REVIEW OF COMPARABILITY DATA. THE BOARD OR COMPENSATION COMMITTEE DOCUMENTS THE DELIBERATION AND DECISIONS MADE. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HOLDS COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AT ITS REGISTERED PLACE OF BUSINESS AND MAKES THEM AVAILABLE UPON REQUEST TO ANY MEMBER OF THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 323,446. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 323,446.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C

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