Civic Intelligence

New Americans Community Development Corporation

990 • Fiscal year 2023 • EIN 47-4900810

Jul 01, 2022 to Jun 30, 2023 • Filed on May 08, 2024

Organization ProfileN/A
11 Sycamore StreetWorcester, MA 01608

(508) 425-4788

Siviq Scores

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

Liabilities / Assets

97th percentile

1.91x

Higher debt load relative to assets than 97% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

99th percentile

15.80x

Higher debt load relative to revenue than 99% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

2nd percentile

-503%

Higher net margin than 2% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

88th percentile

$30,141

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 80.3% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

8th percentile

-62%

Faster asset growth than 8% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

6th percentile

-71%

Faster revenue growth than 6% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$310,359

Down $504,573 (-62%) from 2022

Net Assets

Down

-$282,840

Down $188,920 (-201%) from 2022

Liabilities

Down

$593,199

Down $315,653 (-35%) from 2022

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin2nd percentile

Revenue

Down

$37,548

Down $92,297 (-71%) from 2022

Expenses

Up

$226,468

Up $106,524 (+89%) from 2022

Net Income

Down

-$188,920

Down $198,821 (-2008%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

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

$1.5M$1.0M$500K$0-$500KAssets 2017: $379,441Liabilities 2017: $604,5822017Assets 2018: $606,359Liabilities 2018: $914,918Net Assets 2018: -$308,5592018Assets 2019: $714,847Liabilities 2019: $1,020,455Net Assets 2019: -$305,6082019Assets 2020: $773,969Liabilities 2020: $1,047,702Net Assets 2020: -$273,7332020Assets 2021: $1,167,373Liabilities 2021: $1,362,154Net Assets 2021: -$194,7812021Assets 2022: $814,932Liabilities 2022: $908,852Net Assets 2022: -$93,9202022Assets 2023: $310,359Liabilities 2023: $593,199Net Assets 2023: -$282,8402023Assets 2024: $60,367Liabilities 2024: $231,558Net Assets 2024: -$171,1912024Assets 2025: $41,990Liabilities 2025: $0Net Assets 2025: $41,9902025

Highlighted filing

2023

Assets$310,359
Liabilities$593,199
Net Assets-$282,840
Open 2023 Filing

Operations Trend

Revenue Growth6th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2017: $5,201Expenses 2017: $90,643Net Income 2017: -$85,4422017Revenue 2018: $14,575Expenses 2018: $97,993Net Income 2018: -$83,4182018Revenue 2019: $125,000Expenses 2019: $122,969Net Income 2019: $2,0312019Revenue 2020: $163,818Expenses 2020: $131,023Net Income 2020: $32,7952020Revenue 2021: $399,353Expenses 2021: $320,401Net Income 2021: $78,9522021Revenue 2022: $129,845Expenses 2022: $119,944Net Income 2022: $9,9012022Revenue 2023: $37,548Expenses 2023: $226,468Net Income 2023: -$188,9202023Revenue 2024: $165,506Expenses 2024: $53,857Net Income 2024: $111,6492024Revenue 2025: $603,262Expenses 2025: $45,627Net Income 2025: $557,6352025

Highlighted filing

2023

Revenue$37,548
Expenses$226,468
Net Income-$188,920
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 8, 2024
Return Version
2022v5.0
Gross Receipts
$481,621
Mission and Program Overview

Mission

The new americans community development corporation (nacdc) intends to undertake community re-development, renovation projects and activities that revitalize an "economic desert area" within worcester. Our intentions also include creation and expansion of economic activities for all residents of the area with special emphasis on the disenfranchised, low and moderate income population. We will preserve and develop housing, facilitate home ownership, business opportunities and career training ladders in the "main middle" area and its immediate surrounding neighborhoods.

Form 990 - organization's mission or most significant activities to provide community development programs, projects and activities that develop and improve areas of worcester, massachusetts including creating and expanding economic opportunities for low moderate income residents, such as job training, and developing and preserving affordable housing and home ownership opportunities in the area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$731,585$267,949▼ $463,636
Cash and Non-Interest-Bearing Accounts$73,839$31,036▼ $42,803
Prepaid Expenses and Deferred Charges$9,508$11,374▲ $1,866
Total Assets$814,932$310,359▼ $504,573
Liabilities
Other Liabilities$906,396$591,624▼ $314,772
Deferred Revenue$2,456$1,575▼ $881
Total Liabilities$908,852$593,199▼ $315,653
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-93,920$-282,840▼ $188,920
Total Net Assets Fund Balance$-93,920$-282,840▼ $188,920
Total Liabilities and Net Assets / Fund Balance$814,932$310,359▼ $504,573

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$233,659$35,564$269,223
Land$34,290-$34,290
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleBaseTotal
Robert ThomasPresident$30,141$30,141

Board Members and Trustees

NameTitle
Juan GomezChairman
Frank KarthiserDirector
George CoxDirector
Jeffrey TorresDirector
Robert LeviteDirector
Samuel RosarioDirector
Tania RomeroDirector
Rev Clyde TalleyClerk
Kristen KingTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,655
Program Service Revenue
$64,964
Investment Income
$-29,071
Other Revenue
$0
All Other Contributions
$1,655
Change in Net Assets
$-188,920
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$226,468
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$25,867$32,641-$58,508
Depreciation Depletion$26,865--$26,865
Interest$10,631$15,657-$26,288
Occupancy$7,508--$7,508
Insurance$4,478--$4,478
Travel-$543-$543
All Other Expenses$249$12-$261
Other Expenses$168$825-$168
Total Functional Expenses$176,790$49,678$0$226,468
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Mortgage Payable - Webster 5$336,324
Mortgage Payable - Bluehub$130,527
Inter-company Exchange$124,773
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
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, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
New Americans Community Development
EIN
47-4900810
Phone
5084254788
Address
11 SYCAMORE STREET, WORCESTER, MA 01608

Signing Officer

Name
Juan Gomez
Title
Chairman
Phone
5084102555
Signed
2024-05-08

Organization Details

Principal Officer
Juan Gomez
Voting Board Members
10
Independent Board Members
10
Employees
0

Preparer

Firm
M Love & Associates LLC
Address
67 MILLBROOK STREET, WORCESTER, MA 01606
Preparer
Mark L Love CPA
Phone
5087975200
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Form 990 - organization's mission or most significant activities to provide community development programs, projects and activities that develop and improve areas of worcester, massachusetts including creating and expanding economic opportunities for low moderate income residents, such as job training, and developing and preserving affordable housing and home ownership opportunities in the area.”

Form 990, Part IX, Line 11G

“25,867 32,641 0”

Form 990, Part XI, Line 9

“Rental income not previously reported 0”

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0213447
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt061998
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0125000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0453679
IRS990ScheduleA/TotalSupportAmt0884634
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0233659
IRS990ScheduleD/BuildingsGrp/DepreciationAmt035564
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0269223
IRS990ScheduleD/LandGrp/BookValueAmt034290
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt034290
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0336324
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1130527
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2124773
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MORTGAGE PAYABLE - WEBSTER 5
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MORTGAGE PAYABLE - BLUEHUB
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2INTER-COMPANY EXCHANGE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0267949
IRS990ScheduleD/TotalLiabilityAmt0591624
IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 - ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES TO PROVIDE COMMUNITY DEVELOPMENT PROGRAMS, PROJECTS AND ACTIVITIES THAT DEVELOP AND IMPROVE AREAS OF WORCESTER, MASSACHUSETTS INCLUDING CREATING AND EXPANDING ECONOMIC OPPORTUNITIES FOR LOW MODERATE INCOME RESIDENTS, SUCH AS JOB TRAINING, AND DEVELOPING AND PRESERVING AFFORDABLE HOUSING AND HOME OWNERSHIP OPPORTUNITIES IN THE AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt325,867 32,641 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4RENTAL INCOME NOT PREVIOUSLY REPORTED 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0042714991
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CHARITY
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WORCESTER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd001608
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0310359
IRS990/TotalAssetsGrp/BOYAmt0814932
IRS990/TotalAssetsGrp/EOYAmt0310359
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01655
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0176790
IRS990/TotalFunctionalExpensesGrp/TotalAmt0226468
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0908852
IRS990/TotalLiabilitiesEOYAmt0593199
IRS990/TotalLiabilitiesGrp/BOYAmt0908852
IRS990/TotalLiabilitiesGrp/EOYAmt0593199
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-93920
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-282840
IRS990/TotalProgramServiceExpensesAmt0176790
IRS990/TotalProgramServiceRevenueAmt064964
IRS990/TotalReportableCompFromOrgAmt030141
IRS990/TotalRevenueGrp/ExclusionAmt064964
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-29071
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt037548
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0814932
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0310359
IRS990/TravelGrp/ManagementAndGeneralAmt0543
IRS990/TravelGrp/TotalAmt0543
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt011 SYCAMORE STREET
IRS990/USAddress/CityNm0WORCESTER
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001608
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JUAN GOMEZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum05084102555
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEW AMERICANS COMMUNITY DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0NEWA
ReturnHeader/Filer/EIN0474900810
ReturnHeader/Filer/PhoneNum05084254788
ReturnHeader/Filer/USAddress/AddressLine1Txt011 SYCAMORE STREET
ReturnHeader/Filer/USAddress/CityNm0WORCESTER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001608
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0464181625
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0M LOVE & ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt067 MILLBROOK STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WORCESTER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001606
ReturnHeader/PreparerPersonGrp/PhoneNum05087975200
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARK L LOVE CPA
ReturnHeader/ReturnTs02024-05-14T16:19:56-04:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$310,359
Liabilities
$593,199
Net assets
-$282,840
Revenue
$37,548
Expenses
$226,468
Net income
-$188,920
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.60$0.05$0.56
2024Detailed filing. Detailed filing data is available for this year.$0.06$0.23$0.17$0.17$0.05$0.11
2023Detailed filing. Detailed filing data is available for this year.$0.31$0.59$0.28$0.04$0.23$0.19
2022Detailed filing. Detailed filing data is available for this year.$0.81$0.91$0.09$0.13$0.12$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.17$1.36$0.19$0.40$0.32$0.08
2020Detailed filing. Detailed filing data is available for this year.$0.77$1.05$0.27$0.16$0.13$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.71$1.02$0.31$0.13$0.12$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.61$0.91$0.31$0.01$0.10$0.08
2017Summary only. Only limited summary data is available for this year.$0.38$0.60$0.01$0.09$0.09