NEW ECONOMICS FOR WOMEN

EIN: 953969029 501(c)(3) Housing & Shelter

LOS ANGELES, CA

Total Revenue
$12,144,801
Total Expenses
$10,952,929
Total Assets
$29,745,453
Net Assets
$7,506,670
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
CA
Principal Officer
LETICIA ANDUEZA
Phone
2134832060
Tax Period
2024-07-01 to 2025-06-30

NEW ECONOMICS FOR WOMEN, founded in 1984, is a mid-sized nonprofit in the Housing & Shelter sector that reported $12.1M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $11.0M left a modest 10% surplus.

Mission

NEW ECONOMICS FOR WOMEN HELPS WOMEN FROM UNDERSERVED COMMUNITIES IN SOUTHERN CALIFORNIA PAVE THE WAY TO PEACE OF MIND, PROSPERITY ANDPROMISE BY PROVIDING AN UNRIVALED LEVEL OF COMPREHENSIVE, PERSONALIZED SUPPORT, ACCESS TO A CONTINUUM OF RESOURCES AND BY BUILDING INTENTIONAL COMMUNITIES WHERE FAMILIES RECEIVE EVERYTHING THEY NEED SO THAT THEY CAN THRIVE.

Program Service Accomplishments

Program 1
Expenses: $8,823,588 Revenue: $12,144,801

NEW ECONOMICS FOR WOMEN (NEW) EMPOWERS UNDER-RESOURCED WOMEN AND THEIR FAMILIES TO ACHIEVE ECONOMIC MOBILITY THROUGH INTEGRATED HOUSING, EDUCATION, ENTREPRENEURSHIP, AND WEALTH-BUILDING PROGRAMS. NEW...

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NEW ECONOMICS FOR WOMEN (NEW) EMPOWERS UNDER-RESOURCED WOMEN AND THEIR FAMILIES TO ACHIEVE ECONOMIC MOBILITY THROUGH INTEGRATED HOUSING, EDUCATION, ENTREPRENEURSHIP, AND WEALTH-BUILDING PROGRAMS. NEW DEVELOPS AND OPERATES AFFORDABLE HOUSING FOR BOTH MULTIFAMILY RENTALS AND SINGLE-FAMILY HOMES AND COMMUNITY CENTERED SERVICES THAT HELPED MORE THAN 2,300 INDIVIDUALS REMAIN STABLY HOUSED AND ADVANCED NEW WORKFORCE AND PERMANENT AFFORDABLE HOUSING UNITS IN SPECIFICALLY RESEDA AND EL SERENO. THROUGH ITS HOMEOWNERSHIP DEPARTMENT, A HUD-APPROVED COUNSELING AGENCY, NEW DELIVERS FREE HUD-CERTIFIED HOMEBUYER EDUCATION, ONE-ON-ONE COUNSELING, AND CREDIT COACHING, EDUCATING AT LEAST 400 INDIVIDUALS ANNUALLY AND ASSISTING DOZENS OF FAMILIES IN PURCHASING HOMES. NEW'S FAMILYSOURCE CENTER AND ECONOMIC MOBILITY CENTERS PROVIDE ONE-STOP SERVICES FOR LOW-INCOME RESIDENTS, INCLUDING FINANCIAL EDUCATION AND COACHING, VITA TAX PREPARATION, PUBLIC BENEFITS SCREENING, CASE MANAGEMENT, EMPLOYMENT COACHING, EMERGENCY FINANCIAL ASSISTANCE, AND HOMELESS PREVENTION THAT HELPED INCREASE HOUSEHOLD INCOME, AND KEEP FAMILIES HOUSED. THE LEARNING CENTER OPERATES AFTER-SCHOOL AND SEASONAL PROGRAMS FOR TK5 STUDENTS, PROVIDING HOMEWORK HELP, ENRICHMENT IN ARTS AND STEM, MEALS, AND FAMILY WORKSHOPS TO SUPPORT ACADEMIC ACHIEVEMENT. THROUGH ITS WOMEN'S BUSINESS CENTERS AND THE EAST LOS ANGELES BUSINESSSOURCE CENTER, NEW PROVIDES NO-COST ONE-ON-ONE CONSULTING, TRAINING, AND FINANCING ASSISTANCE THAT SERVED THOUSANDS OF SMALL BUSINESSES, HELPED LAUNCH NEW ENTERPRISES, AND SUPPORTED OR CREATED THOUSANDS OF LOCAL JOBS.

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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 $10,600,701
Program Service Revenue $1,461,123
Investment Income $82,977
Other Revenue $0
TOTAL REVENUE $12,144,801

Expense Breakdown

Grants Paid $480,555
Salaries & Benefits $6,535,342
Fundraising Expenses $302,934
Program Expenses $8,823,588
Other Expenses $3,937,032
TOTAL EXPENSES $10,952,929

Year-over-Year Comparison

2024 2023 Change
Revenue $12,144,801 $9,167,715 +0.3%
Expenses $10,952,929 $11,382,099 0.0%
Net Income $1,191,872 $-2,214,384 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
112
Volunteers
95

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
13
$1,042,143
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A BOARD MEMBER 2.00
$0 $0 $0
N/A BOARD MEMBER 2.00
$0 $0 $0
N/A BOARD MEMBER 2.00
$0 $0 $0
N/A BOARD MEMBER 2.00
$0 $0 $0
N/A BOARD MEMBER 2.00
$0 $0 $0
N/A BOARD MEMBER 2.00
$0 $0 $0
N/A BOARD MEMBER 2.00
$0 $0 $0
N/A BOARD MEMBER 2.00
$0 $0 $0
MAGDALENA CERVANTES EXECUTIVE DIRECTOR 40.00
Officer
$99,335 $8,900 $108,235
IRMA L ALCOCER PROGRAM DIRECTOR 40.00
Officer
$118,595 $4,234 $122,829
ANNA MARIA FELCYN SR. DIRECTOR OF PROGRAMS 40.00
Officer
$115,016 $1,067 $116,083
RUTH GARCIA-CORRALES PROGRAM DIRECTOR 40.00
Officer
$106,261 $0 $106,261
MARTHA HERNANDEZ-VILLATORO CHIEF OPERATING OFFICER 40.00
Officer
$105,903 $0 $105,903
CONNIE JONG SOOK HWANG FUND DEVELOPMENT DIRECTOR 40.00
Officer
$154,080 $0 $154,080
CARMEN LUNA PROGRAM DIRECTOR 40.00
Officer
$112,547 $2,200 $114,747
YESENIA MEDINA SR. DIRECTOR OF PROGRAMS 40.00
Officer
$116,191 $1,200 $117,391
MICHELLE REYES DIRECTOR OF OPERATIONS 40.00
Officer
$94,614 $2,000 $96,614
BEATRIZ OLVERA STOTZER BOARD CHAIR 2.00
Officer
$0 $0 $0
ANDREW CHENG VICE PRESIENT 2.00
Officer
$0 $0 $0
BELINDA BARRAGAN SECRETARY 2.00
Officer
$0 $0 $0
MIGUEL ESCOBAR TREASURER 2.00
Officer
$0 $0 $0
LETICIA ANDUEZA CHIEF EXECUTIVE OFFICER 40.00
Highest
$164,150 $3,350 $167,500
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
2025 $12,144,801 $10,952,929 $29,745,453 $1,191,872
2024 No data No data No data No data
2023 $10,445,467 $12,424,086 $58,697,263 $-1,978,619
2022 $12,624,374 $10,760,774 $44,094,998 $1,863,600
2021 $7,599,995 $6,391,530 $39,265,644 $1,208,465
2020 $4,573,848 $5,056,835 $37,272,779 $-482,987
2019 $4,142,811 $5,078,381 $32,387,021 $-935,570
2018 $6,225,944 $4,778,735 $32,365,042 $1,447,209
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