New Community Development Corporation

EIN: 470754453 501(c)(3) Housing & Shelter

Council Bluffs, IA

Total Revenue
$3,680,143
Total Expenses
$3,346,247
Total Assets
$13,621,225
Net Assets
$8,625,033
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
NE
Principal Officer
David Hazlewood
Phone
4024512939
Tax Period
2024-01-01 to 2024-12-31

New Community Development Corporation, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $3.7M in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $3.3M left a modest 9% surplus.

Mission

Provides safe, affordable and quality housing for low and moderate income families in Douglas & Sarpy NE & Pottawattamie County IA, with an emphasis in Omaha/Council Bluffs metropolitan area.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $779,640
Program Service Revenue $2,878,578
Investment Income $48,365
Other Revenue $-26,440
TOTAL REVENUE $3,680,143

Expense Breakdown

Grants Paid $6,000
Salaries & Benefits $315,053
Fundraising Expenses $67,139
Program Expenses $3,016,101
Other Expenses $3,025,194
TOTAL EXPENSES $3,346,247

Year-over-Year Comparison

2024 2023 Change
Revenue $3,680,143 $5,129,298 -0.3%
Expenses $3,346,247 $3,618,624 -0.1%
Net Income $333,896 $1,510,674 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
3
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$191,597
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Hazlewood Chief Executive Officer 40.00
Officer
$90,488 $13,675 $104,163
Phyllis Peterson Chief Operating Officer 40.00
Officer
$69,970 $17,464 $87,434
Ruy Acevedo Board Member 1.00
Director
$0 $0 $0
Tim German Board Member 1.00
Director
$0 $0 $0
Aaron Hoffman Board Member 1.00
Director
$0 $0 $0
Trey Simpson Board Member 1.00
Director
$0 $0 $0
Ryne Bessmer Board Member 1.00
Director
$0 $0 $0
Steve Gorman Board Member 1.00
Director
$0 $0 $0
Joshua Berry Board President 1.00
Officer Director
$0 $0 $0
Lara Huskey Vice President 1.00
Officer Director
$0 $0 $0
Ernest White Treasurer 1.00
Officer Director
$0 $0 $0
Teresa Hunter Secretary 1.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $3,680,143 $3,346,247 $13,621,225 $333,896
2023 $5,129,298 $3,618,624 $13,095,212 $1,510,674
2022 $3,302,380 $2,301,571 $11,220,340 $1,000,809
2021 $1,958,649 $1,963,464 $9,641,200 $-4,815
2020 $2,447,458 $1,768,288 $8,233,458 $679,170
2019 $2,307,619 $1,916,578 $8,232,965 $391,041
2018 $2,538,979 $1,904,752 $8,905,380 $634,227
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