New Hope Community Development Corporation

“The treasurer reviews the form prior to irs submission. this entity has a separate financial audit which is reviewed by the board, but there is no direct approval of the 990 form by the board.”

“700 forms are reviewed by hr and discuss other potential conflicts that surface during the year.”

“the organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“contracts: Program service expenses 9,251. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,251. bad debt expense: Program service expenses 22. Management and general expenses 0. Fundraising expenses 0. Total expenses 22.”

“New Hope Community Development (NHCDC) is dedicated to improving the quality of life of underserved communities through affordable housing, educational enrichment and economic empowerment throughout the County of Yolo. New Hope Community Development Corporation (NHCDC) owns and operates multi-family properties (192 apartment units in the cities of Woodland in Davis) for low-income families, seniors, and disabled persons, as well as operating family self-sufficiency programs, computer learning centers, and youth athletic and summer programs. The properties in Woodland consist of Cottonwood (47 senior units), Crosswood (48 family units), and Rochdale Grange (44 family units), while Cesar Chavez Plaza in Davis has 53 units. Cottonwood is directly managed by Yolo County Housing (YCH) staff, while the other properties utilize third-party property management firms. The members of the Board of Commissioners of YCH also serve on the Board of Directors of NHCDC, which has no direct employees. The day-to-day operations of NHCDC are overseen by the staff of YCH utilizing similar policies and procedures and most of the operating expenses are paid through the AP/Payroll account of YCH and then reimbursed by NHCDC. Because of this relationship, NHCDC is a blended component unit in the financial statement of YCH. The various programs run by NHCDC promote literacy, stability and empowerment to youth and adults. Youth programs offer safe activities after school, during the holidays & the summer months. Youth Services offered are: Co-Ed Summer Soccer League, Computer Learning Centers (homework clubs, internet access, reading and educational development), summer meals and mini-camps. Adults/seniors benefit from access to: 1) workforce planning such as computers for job search, job training, computer & English literacy/education; 2) health/wellness such as health & dental screenings, exercise & nutrition; 3) family stability such as crisis management, socialization & family/neighborhood activities; 4) volunteerism such as community awareness & safety teams; and 5) basic needs such as meals to seniors, food drives, community potlucks.”