New Town Macon Inc.

“The organization retains all documents for 7 years”

“The cfo and ceo review the form 990. It is then provided to the board of directors for review and approval before the return is filed.”

“The board and staff fill out questionnaires annually.”

“Compensation is determined by the board of directors.”

“Compensation is determined by the board of directors.”

“The organization makes its governing documents available upon written request.”

“During the fiscal year for future development, which is a developable riverfront lot at 167 riverside dr. The tpf held another historic building at 520 mulberry st, which was placed under contract with a private developer to be redeveloped into 12 lofts and two storefronts during the fiscal year. Two properties previously held by the tpf were in the development process during the fiscal year: 476 second street, which is under construction for lofts and a retail tenant, and the historic capricorn recording studio, which was sold to a private developer with newtown retaining an easement to protect the historic facility. Previous tpf projects include: 518-530 cherry st. (travis jean), 552-580 cherry st. (lamar lofts), 566 poplar st., 546 poplar st., 350 second st. (capitol), 555 poplar st., 454 terminal ave., 360 sixth st., riverside dr. Assemblage, 301 cherry st. (sports hall) and 745 poplar st. (shrine temple) the ocmulgee heritage trail (oht) continues to be one of our main focuses as a public/private partnership. Newtown macon continues to run an advisory committee to plan and manage expansion and improvement of the trail system, and raise private funds to enable these improvements through the oht construction fund. Once improvements are complete, newtown turns the improvements over to local government to run as public park space in perpetuity. During the fiscal year, the macon water authority (mwa) agreed to partner with the trail to create permanent crossings during a sewer improvement project to enable the oht to improve a trail from existing trail in amerson river park to existing trail at riverside cemetery. Newtown also partnered with the 2016 leadership macon class, who committed to raise the necessary funds and exert significant volunteer hours to design, construct and install a major bridge for this connection. Both mwa's sewer improvements and the leadership macon bridge and trail projects were under construction during the fiscal year, and newtown continues to raise funds to complete this connection.”

“People find a place to live through the loft finder online service at newtownmacon.com/living. Through these strategies, downtown macon is attracting new residents. We have exceeded our goal of 85% occupancy with 86% of the lofts occupied at the end of the fiscal year.”

“The fiscal year. These services attract businesses to downtown, verified by a total of 13 net new businesses opening in downtown macon during the fiscal year.”

“Affiliates: newtown macon is focused on revitalizing downtown. One way that we accomplish revitalization is through partnerships with our affiliates such as fort hawkins. President thomas jefferson and indian agent col. Benjamin hawkins established fort hawkins as an official u.s. Army fort and indian factory for trading and meeting with native americans established fort hawkins in 1806. At the time, it was the western frontier and a wilderness. It overlooked the ancient indian mounds of the "old fields" held sacred by the muskogee creek nation, the ocmulgee river, the lower creek pathway that became the federal road connecting washington, d.c. To mobile and new orleans, and the future site of the city of macon founded across the river seventeen years later. Newtown is working with the fort hawkins commission to bring about the complete restoration of the frontier fort that is the birthplace of macon, georgia. Newtown's long-term strategy is for all affiliates to transition to independent, self-sufficient organizations. Advocating progress: newtown macon's board of directors embraces a broad vision of a prosperous middle georgia which necessitates our involvement in local and regional policy issues that impact downtown macon's renaissance.”

“Line 24 - unsecured notes and loans payable to unrelated third parties. As part of a private/public partnership effort to renovate, rehabilitate and reconfigure several buildings in downtown macon, newtown's subsidiary urban development concepts, llc entered into an agreement with the macon - bibb county urban development authority to manage those projects. The projects are partially funded with county revenue bonds which are not tax-exempt. Some of the buildings included in the project are owned by local businesses. The management agreement between the subsidiary and the development authority names the subsidiary as guarantor of the debt. In addition, one of the subsidiary's contractual duties under the agreement is to collect loan payments from property owners and remit the payments to the county debt reserve fund as repayment of all disbursed bond proceeds and related accrued interest. This liability totaled 5,042,032 as of june 30, 2016. However, this obligation is limited only to the subsidiary and is not a general obligation of newtown macon, inc. Also, the subsidiary's only assets are security interests in the properties receiving the loan funds.”

“Rental expenses 19,407 cost of goods sold 1,392 refund of local government support 5,938 rounding 3 loss on disposal 351,181 rental expenses -19,407 cost of goods sold -1,392 refund of local government support -5,938 rounding -3 loss on disposal -351,181”