Civic Intelligence

Newsed Community Development Corp

EIN 74-2275534 • 501(c)3 • Denver, CO

Profile

Newsed community development corporation, inc. (newsed cdc) was created to develop low income housing opportunities, to identify and eliminate discrimination in the housing area, and to raise the economic, educational, cultural and social level of the residents of the city and county of denver.

901 W 10th Ave Suite 2ADenver, CO 80204

www.newsed.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

81st percentile

0.55x

Higher debt load relative to assets than 81% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

89th percentile

1.66x

Higher debt load relative to revenue than 89% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

10th percentile

-27%

Higher net margin than 10% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

6th percentile

-19%

Faster asset growth than 6% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

76th percentile

27%

Faster revenue growth than 76% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$5,822,255

Down $1,386,978 (-19%) from 2023

Liabilities

Up

$3,210,536

Up $385,498 (+14%) from 2023

Net Assets

Down

$2,611,719

Down $1,772,476 (-40%) from 2023

Revenue

Up

$1,939,483

Up $416,009 (+27%) from 2023

Expenses

Up

$2,472,283

Up $942,876 (+62%) from 2023

Net Income

Down

-$532,800

Down $526,867 (-8880%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2010: $10,629,668Liabilities 2010: $5,782,360Net Assets 2010: $4,847,3082010Assets 2011: $11,935,387Liabilities 2011: $7,180,611Net Assets 2011: $4,754,7762011Assets 2012: $13,789,720Liabilities 2012: $9,421,333Net Assets 2012: $4,368,3872012Assets 2013: $12,178,496Liabilities 2013: $7,913,282Net Assets 2013: $4,265,2142013Assets 2014: $12,153,551Liabilities 2014: $7,980,746Net Assets 2014: $4,172,8052014Assets 2015: $11,719,422Liabilities 2015: $7,571,180Net Assets 2015: $4,148,2422015Assets 2016: $11,792,923Liabilities 2016: $5,959,812Net Assets 2016: $5,833,1112016Assets 2017: $10,074,588Liabilities 2017: $3,827,105Net Assets 2017: $6,247,4832017Assets 2018: $8,990,316Liabilities 2018: $3,336,767Net Assets 2018: $5,653,5492018Assets 2019: $8,343,969Liabilities 2019: $3,283,240Net Assets 2019: $5,060,7292019Assets 2020: $8,249,720Liabilities 2020: $3,471,452Net Assets 2020: $4,778,2682020Assets 2021: $8,866,645Liabilities 2021: $3,471,281Net Assets 2021: $5,395,3642021Assets 2022: $8,421,246Liabilities 2022: $3,179,078Net Assets 2022: $5,242,1682022Assets 2023: $7,209,233Liabilities 2023: $2,825,038Net Assets 2023: $4,384,1952023Assets 2024: $5,822,255Liabilities 2024: $3,210,536Net Assets 2024: $2,611,7192024

Highlighted filing

2024

Assets$5,822,255
Liabilities$3,210,536
Net Assets$2,611,719

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $954,5152010Expenses 2011: $1,267,9702011Expenses 2012: $1,972,1002012Revenue 2013: $2,206,132Expenses 2013: $2,258,395Net Income 2013: -$52,2632013Revenue 2014: $1,784,493Expenses 2014: $1,732,817Net Income 2014: $51,6762014Revenue 2015: $1,480,858Expenses 2015: $1,602,286Net Income 2015: -$121,4282015Revenue 2016: $3,293,983Expenses 2016: $1,496,078Net Income 2016: $1,797,9052016Revenue 2017: $2,397,442Expenses 2017: $1,618,091Net Income 2017: $779,3512017Revenue 2018: $942,814Expenses 2018: $1,536,748Net Income 2018: -$593,9342018Revenue 2019: $1,129,171Expenses 2019: $1,709,247Net Income 2019: -$580,0762019Revenue 2020: $733,425Expenses 2020: $1,015,886Net Income 2020: -$282,4612020Revenue 2021: $1,627,942Expenses 2021: $1,010,846Net Income 2021: $617,0962021Revenue 2022: $1,188,013Expenses 2022: $1,686,177Net Income 2022: -$498,1642022Revenue 2023: $1,523,474Expenses 2023: $1,529,407Net Income 2023: -$5,9332023Revenue 2024: $1,939,483Expenses 2024: $2,472,283Net Income 2024: -$532,8002024

Highlighted filing

2024

Revenue$1,939,483
Expenses$2,472,283
Net Income-$532,800

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.82$3.21$2.61$1.94$2.47$0.53
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.21$2.83$4.38$1.52$1.53$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.42$3.18$5.24$1.19$1.69$0.50
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.87$3.47$5.40$1.63$1.01$0.62
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.25$3.47$4.78$0.73$1.02$0.28
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.34$3.28$5.06$1.13$1.71$0.58
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.99$3.34$5.65$0.94$1.54$0.59
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.1$3.83$6.25$2.40$1.62$0.78
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.8$5.96$5.83$3.29$1.50$1.80
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.7$7.57$4.15$1.48$1.60$0.12
2014Detailed filing. Detailed filing data is available for this year.$12.2$7.98$4.17$1.78$1.73$0.05
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.2$7.91$4.27$2.21$2.26$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.8$9.42$4.37$1.97
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.9$7.18$4.75$1.27
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.6$5.78$4.85$0.95
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.0
Gross Receipts
$2,471,750
Mission and Program Overview

Mission

Newsed Community Development Corporation, Inc. (NEWSED CDC) was created to develop low income housing opportunities, to identify and eliminate discrimination in the housing area, and to raise the economic, educational, cultural and social level of the residents of the City and County of Denver.

Newsed community development corporation, inc. (newsed cdc) was created to develop low income housing opportunites, to identify and eliminate discrimination in the housing area, and to raise economic, educational, cultural and social level of the residents on the city and county of denver .

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,146,867$4,630,298▲ $2,483,431
Other Notes and Loans Receivable, Net$3,679,867$529,779▼ $3,150,088
Savings and Temporary Cash Investments-$176,135-
Cash and Non-Interest-Bearing Accounts$1,127,298$169,441▼ $957,857
Pledges and Grants Receivable$114,493$149,887▲ $35,394
Accounts Receivable$44,711$35,745▼ $8,966
Intangible Assets-$32,712-
Prepaid Expenses and Deferred Charges$44,843$25,160▼ $19,683
Total Assets$7,209,233$5,822,255▼ $1,386,978
Other Assets Total$51,154$73,098▲ $21,944
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,699,601$2,566,437▲ $866,836
Deferred Revenue$683,960--
Accounts Payable and Accrued Expenses$226,223$387,881▲ $161,658
Other Liabilities$215,254$256,218▲ $40,964
Total Liabilities$2,825,038$3,210,536▲ $385,498
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,301,095$2,611,719▼ $689,376
Net Assets With Donor Restrictions$1,083,100--
Total Net Assets Fund Balance$4,384,195$2,611,719▼ $1,772,476
Total Liabilities and Net Assets / Fund Balance$7,209,233$5,822,255▼ $1,386,978

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,848,755$1,537,969-
Land$7,883,778--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Andrea BarelaPresident &FT$109,808$8,190$117,998

Board Members and Trustees

NameTitle
Sarah GeisChair
Marie EsquedaVice Chair
Jon PetersonDirector
Larry MartinezDirector
Ray PenaDirector
William MendozaDirector
Greg TottenSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,283,571
Program Service Revenue
$922,451
Investment Income
$9,257
Other Revenue
$-275,796
All Other Contributions
$424,712
Change in Net Assets
$-532,800

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,939,483
Total Revenue per Audited Statements
$1,939,483
Total Revenue per Form 990
$1,939,483
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,594,244
Salaries, Compensation, and Employee Benefits$878,039
Total Fundraising Expense$152,675
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$436,424$115,524$89,852$641,800
Depreciation Depletion$365,184--$365,184
Fees for Services Other$44,167$193,267$9,093$246,527
Current Officers, Directors, Trustees, and Key Employees$80,239$21,240$16,520$117,999
Occupancy$115,017--$115,017
Interest$92,981--$92,981
Insurance$66,207$3,897$3,031$73,135
Payroll Taxes$44,365$11,744$9,134$65,243
Other Employee Benefits$36,038$9,540$7,419$52,997
Other Expenses$46,849$11,570$8,364$46,849
Advertising$19,826$5,248$4,082$29,156
All Other Expenses$9,601$7,422$1,977$19,000
Office Expenses$10,716$2,836$2,206$15,758
Travel$4,844$1,282$997$7,123
Total Functional Expenses$1,936,038$383,570$152,675$2,472,283

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,472,283
Total Expenses per Audited Statements$2,472,283
Total Expenses per Form 990$2,472,283
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$532,267
Fundraising Gross Income$246,238
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Cinco De Mayo$596,866$227,828$480,793$-252,965
Civil Rights Aw$54,800-$41,130-
Total Events$670,076$246,238$532,267$-286,029
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Advance$207,345
Security Deposits$48,873
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
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

Management of the organization reviews the 990 prior to filing. The return is available for the board to review at their discretion.

Form 990, Page 6, Part VI, Line 15A

The board of directors has direct oversight of the president/ceo's salary. Additionally, the board approves the budgets which include staff compensation.

Form 990, Page 6, Part VI, Line 19

Documents are kept at the main office of the organization and are available upon request.

Filing and Contact Details

Filer

Filer Name
Newsed Community Development Corp
EIN
74-2275534
Phone
3035348342
Address
901 W 10TH AVE SUITE 2A, DENVER, CO 80204

Signing Officer

Name
Andrea Barela
Title
President & CEO
Phone
3035348342
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrea Barela
Formed
1983
Legal Domicile
Co
Voting Board Members
8
Independent Board Members
7
Employees
19
Volunteers
50

Preparer

Firm
Jds Professional Group
Address
10303 E DRY CREEK RD STE 400, ENGLEWOOD, CO 80112
Preparer
Lori B Bauer CPA
Phone
3037710123
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Newsed community development corporation, inc. (newsed cdc) was created to develop low income housing opportunites, to identify and eliminate discrimination in the housing area, and to raise economic, educational, cultural and social level of the residents on the city and county of denver .

Form 990, Page 2, Part III, Line 4B

Property management: maintain housing projects in the denver area specifically designed to support low-income households. Homeownership counseling: since the beginning of newsed cdc's home buyer counseling program over one thousand clients have been successfully transitioned into homeownership. Foreclosure counseling: newsed cdc provides foreclosure prevention counseling to those facing this financial crisis. Our highly trained and experienced counselors have worked with hundreds of clients. Homebuyer workshops & online education: newsed cdc's homebuyer workshops are designed to help navigate the path to homeownership for free. Newsed cdc online education courses were developed by a hud certified nonprofit agency and after completion, the client will meet chfa requirements. Newsed cdc works in collaboration with community financial partners to offer a series of financial classes. The classes are designed to help participants improve their overall and long-term financial situation. Participants are provided with the basics of money management to be able to increase their savings and accomplish their financial goals.

Form 990, Part XI, Line 9

Prior period adjustment due to the difference in ending net assets on prior year return and beginning of the year net assets for audit.

Raw XML AppendixShowing 400 of 610 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgSrvcAccomActy2Grp/Desc0PROPERTY MANAGEMENT: MAINTAIN HOUSING PROJECTS IN THE DENVER AREA SPECIFICALLY DESIGNED TO SUPPORT LOW-INCOME HOUSEHOLDS. HOMEOWNERSHIP COUNSELING: SINCE THE BEGINNING OF NEWSED CDC'S HOME BUYER COUNSELING PROGRAM OVER ONE THOUSAND CLIENTS HAVE BEEN SUCCESSFULLY TRANSITIONED INTO HOMEOWNERSHIP. FORECLOSURE COUNSELING: NEWSED CDC PROVIDES FORECLOSURE PREVENTION COUNSELING TO THOSE FACING THIS FINANCIAL CRISIS. OUR HIGHLY TRAINED AND EXPERIENCED COUNSELORS HAVE WORKED WITH HUNDREDS OF CLIENTS. HOMEBUYER WORKSHOPS & ONLINE EDUCATION: NEWSED CDC'S HOMEBUYER WORKSHOPS ARE DESIGNED TO HELP NAVIGATE THE PATH TO HOMEOWNERSHIP FOR FREE. NEWSED CDC ONLINE EDUCATION COURSES WERE DEVELOPED BY A HUD CERTIFIED NONPROFIT AGENCY AND AFTER COMPLETION, THE CLIENT WILL MEET CHFA REQUIREMENTS. NEWSED CDC WORKS IN COLLABORATION WITH COMMUNITY FINANCIAL PARTNERS TO OFFER A SERIES OF FINANCIAL CLASSES. THE CLASSES ARE DESIGNED TO HELP PARTICIPANTS IMPROVE THEIR OVERALL AND LONG-TERM FINANCIAL SITUATION. PARTICIPANTS ARE PROVIDED WITH THE BASICS OF MONEY MANAGEMENT TO BE ABLE TO INCREASE THEIR SAVINGS AND ACCOMPLISH THEIR FINANCIAL GOALS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0HOUSING DEVELOPMENT: NEWSED CDC PURCHASES, REPAIRS, AND RESELLS FORMERLY FORECLOSED HOMES FROM PRIVATE LENDERS TO INCOME ELIGIBLE HOUSEHOLDS. REAL ESTATE DEVELOPMENT: NEWSED CDC DEVELOPS COMMERCIAL, RESIDENTIAL AND MIXED USE REAL ESTATE. IN TOTAL, NEWSED CDC HAS DEVELOPED OVER 650,000 SQUARE FEET OF HOUSING AND RETAIL/COMMERCIAL REAL ESTATE OVER THE LAST THREE DECADES. PROPERTY MANAGEMENT: MAINTAIN HOUSING PROJECTS IN THE DENVER AREA SPECIFICALLY DESIGNED TO SUPPORT LOW-INCOME HOUSEHOLDS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NEWSED COMMUNITY DEVELOPMENT CORPORATION, INC. (NEWSED CDC) WAS CREATED TO DEVELOP LOW INCOME HOUSING OPPORTUNITES, TO IDENTIFY AND ELIMINATE DISCRIMINATION IN THE HOUSING AREA, AND TO RAISE ECONOMIC, EDUCATIONAL, CULTURAL AND SOCIAL LEVEL OF THE RESIDENTS ON THE CITY AND COUNTY OF DENVER .
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PROPERTY MANAGEMENT: MAINTAIN HOUSING PROJECTS IN THE DENVER AREA SPECIFICALLY DESIGNED TO SUPPORT LOW-INCOME HOUSEHOLDS. HOMEOWNERSHIP COUNSELING: SINCE THE BEGINNING OF NEWSED CDC'S HOME BUYER COUNSELING PROGRAM OVER ONE THOUSAND CLIENTS HAVE BEEN SUCCESSFULLY TRANSITIONED INTO HOMEOWNERSHIP. FORECLOSURE COUNSELING: NEWSED CDC PROVIDES FORECLOSURE PREVENTION COUNSELING TO THOSE FACING THIS FINANCIAL CRISIS. OUR HIGHLY TRAINED AND EXPERIENCED COUNSELORS HAVE WORKED WITH HUNDREDS OF CLIENTS. HOMEBUYER WORKSHOPS & ONLINE EDUCATION: NEWSED CDC'S HOMEBUYER WORKSHOPS ARE DESIGNED TO HELP NAVIGATE THE PATH TO HOMEOWNERSHIP FOR FREE. NEWSED CDC ONLINE EDUCATION COURSES WERE DEVELOPED BY A HUD CERTIFIED NONPROFIT AGENCY AND AFTER COMPLETION, THE CLIENT WILL MEET CHFA REQUIREMENTS. NEWSED CDC WORKS IN COLLABORATION WITH COMMUNITY FINANCIAL PARTNERS TO OFFER A SERIES OF FINANCIAL CLASSES. THE CLASSES ARE DESIGNED TO HELP PARTICIPANTS IMPROVE THEIR OVERALL AND LONG-TERM FINANCIAL SITUATION. PARTICIPANTS ARE PROVIDED WITH THE BASICS OF MONEY MANAGEMENT TO BE ABLE TO INCREASE THEIR SAVINGS AND ACCOMPLISH THEIR FINANCIAL GOALS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MANAGEMENT OF THE ORGANIZATION REVIEWS THE 990 PRIOR TO FILING. THE RETURN IS AVAILABLE FOR THE BOARD TO REVIEW AT THEIR DISCRETION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS HAS DIRECT OVERSIGHT OF THE PRESIDENT/CEO'S SALARY. ADDITIONALLY, THE BOARD APPROVES THE BUDGETS WHICH INCLUDE STAFF COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE KEPT AT THE MAIN OFFICE OF THE ORGANIZATION AND ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PRIOR PERIOD ADJUSTMENT DUE TO THE DIFFERENCE IN ENDING NET ASSETS ON PRIOR YEAR RETURN AND BEGINNING OF THE YEAR NET ASSETS FOR AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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