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.”

“7,000sf first-floor condo at 544 mulberry st., containing twelve rental office suites to expand newtown's coworking space. The tpf entered into a joint development agreement with a private developer to rehabilitate the historic building at 596 cherry st. Into lofts and commercial space. The tpf held one property during the fiscal year for future development, which is a developable riverfront lot at 167 riverside dr. The tpf continued the rehabilitation of a historic building at 520 mulberry st, which will be redeveloped into 12 lofts and two storefronts. 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 protected by a perpetual easement before mercer university launched an ambitious rehabilitation plan to return the studio to use. 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, 300 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, construction began on a 1.75-mile extension of the oht from the otis redding bridge through the ocmulgee mounds national historical park, connecting to the park's existing trail system.”

“Rehabilitate over 380,000 square feet of underutilized buildings. Newtown macon also promotes downtown living through marketing and branding, and by helping 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 96% of the lofts occupied at the end of the fiscal year.”

“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.”

“Architects 8,537 0 0 construction 220,182 0 0 consulting 39,827 0 0 design 10,819 0 2,361 engineering 45,564 0 0 miscellaneous 23,439 0 0 musicians 12,860 0 0 payroll processing 0 1,438 0 production 2,660 0 0 railroad consulting 22,533 0 0 security 3,400 0 0 total 389,821 1,438 2,361”

“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. 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.”

“Loss on disposal of fixed assets 14,012 rental expenses 28,152 rental expenses -28,152 loss on disposal of fixed assets -14,012”