New Town Macon Inc.

“The organization retains all documents for 7 years”

“Scott thompson director family”

“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.”

“Creating a sense of place: a desirable neighborhood is both livable and walkable, so newtown macon is promoting the downtown lifestyle and providing recreational activities. Newtown promotes a sense of place by managing first friday events, beautifying the streets, promoting downtown events, and promoting the development of the ocmulgee heritage trail. One of the most transformative ways newtown macon is changing downtown is by turning vacant, dilapidated buildings into beautiful, useful spaces. Another way that newtown creates a sense of place is by protecting endangered buildings by using the transitional property fund (tpf). This fund allows a building owner to donate or partially donate a building to newtown, and newtown matches the building to capable developers. The tpf acquired two additional 7,000-sq. Ft. Condos at 544 mulberry st., adding to the first floor of the same building, which was purchased in the prior year. These three floors expand newtown's options for flexible office space. The tpf entered into a joint development agreement with a private developer to rehabilitate the historic building at 536 third 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 completed the rehabilitation of a historic building at 520 mulberry st., which was fully leased with 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. The tpf continued to independently own and continue rehabilitation of 455 and 461 third st., a historic theatre and a mixed-use building. Two additional tpf projects remained under shared ownership and in development, including a boutique hotel at 350 second st. And a mixed-use building at 596 cherry st. 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, we completed construction 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, opening the trail to public use.”

“Increasing residents: newtown macon is increasing downtown residents by funding loft development through the real estate loan fund. This loan fund was established in partnership with the macon bibb urban development authority and macon bibb county. We use bond funds in viable residential projects to close the gap between sources of funds (including owner equity, traditional financing and historic tax credits) and the actual cost to rehabilitate or build real estate developments downtown. At the end of the fiscal year, newtown had 8.7 million of loans in service on projects. In total, newtown's real estate loans produced projects with market values of 55 million, expected to produce 279 residential lofts and rehabilitate over 490,000 square feet of under-utilized 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 fell just short of our goal of 85% occupancy with 82% of the lofts occupied at the end of the fiscal year, although this lower occupancy was entirely accounted for by 33 brand new units in initial lease up at year end. We expect occupancy to stabilize back near historic averages above 90% once these units are absorbed.”

“Advocating progress: newtown macon's board of directors embraces a broad vision of a prosperous middle georgia which necessitates our involvement in local, regional, state and national policy issues that impact downtown macon's renaissance. Fiscal sponsor: newtown macon is focused on revitalizing downtown. Newtown revitalizes downtown by creating a sense of place, increasing residents growing jobs and advocating for progress.”

“Architects 73,780 0 0 construction 206,184 0 0 design 3,704 0 0 engineering 38,948 0 0 miscellaneous 4,019 1,782 0 musicians 10,865 0 0 program consulting 31,266 0 0 artists consulting 19,463 0 0 educational consulting 14,877 0 0 total 403,106 1,782 0”

“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.”

“Bad debt promises to give -1,000”