Council Bluffs, IA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
In its efforts to provide save, affordable and high quality housing to low and moderate income families, the Organziation had a dramatic impact on the local community. The Organization placed 9 new...
In its efforts to provide save, affordable and high quality housing to low and moderate income families, the Organziation had a dramatic impact on the local community. The Organization placed 9 new home owners in an energy efficent quality home with 4 under construction. The Infil program helps bridge the affordability gap with down payment assistance for qualified buyers of the newly constructed homes while increasing the tax base of the areas the homes are built. The Organization also operated 336 rental units with a focus on those who are low to moderate income.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| 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 |
| 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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