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  4. Newtown Community Development Corporation
EIN 86-0793043

Newtown Community Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
9
City
Tempe
State
Arizona
Year formed
1994
Most recent tax filings
2023-06-01
NTEE code, primary
L25: Housing Rehabilitation
Description
Newtown CDC strengthens communities by providing homeownership assistance, financial education, and developing affordable homes in AZ through a land trust model.
Also known as...
Newtown CDC
Total revenues
$4,374,450
2023
Total expenses
$2,021,406
2023
Total assets
$19,336,447
2023
Num. employees
9
2023

Program areas at Newtown Community Development Corporation

Home buyer assistance/housing counseling- over 2,400 households have completed a Newtown workshop and over 909 have purchased a home. Since starting to provide down payment assistance, 517 low-income households received over $8.4 million in matching funds toward buying their first home.
Community land trust - Newtown is also well-known for its Community land trust (clt) which is the Development of permanent homes that provide homeownership opportunites for generations of lower income families. Created in 2001, newtowns clt is the largest in Arizona and includes over 200 homes throughout maricopa county. During fiscal year 2021-2022 Newtown developed 21 units of affordable housing.

Who funds Newtown Community Development Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Bank of America Charitable FoundationProgram/operating Support$35,000
The Zions Bancorporation FoundationSupport Housing Counseling$10,000
Western Alliance Community FoundationCommunity$10,000

Personnel at Newtown Community Development Corporation

NameTitleCompensation
Stephanie BrewerExecutive Director$126,500
Jose VelazquezOperations Manager
John AnguianoChair$0
Vanessa IsaulaVice - Chair$0
Michael FettTreasurer$0
...and 8 more key personnel

Financials for Newtown Community Development Corporation

RevenuesFYE 06/2023
Total grants, contributions, etc.$3,962,040
Program services$116,774
Investment income and dividends$1,169
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$294,467
Miscellaneous revenues$0
Total revenues$4,374,450

Form 990s for Newtown Community Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2022-062023-04-07990View PDF
2021-062022-05-11990View PDF
2020-062021-04-14990View PDF
2019-062020-08-21990View PDF
2018-062019-03-15990View PDF
...and 8 more Form 990s
Data update history
December 25, 2023
Received grants
Identified 3 new grant, including a grant for $35,000 from The Bank of America Charitable Foundation
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 16, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 14, 2023
Updated personnel
Identified 3 new personnel
May 12, 2023
Received grants
Identified 1 new grant, including a grant for $35,000 from The Bank of America Charitable Foundation
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHousing and shelter organizationsCharities
Issues
Human servicesCommunity improvementHousing
Characteristics
Receives government fundingManagement and technical assistanceTax deductible donations
General information
Address
2106 E Apache Blvd Ste 112
Tempe, AZ 85281
Metro area
Phoenix-Mesa-Chandler, AZ
County
Maricopa County, AZ
Website URL
newtowncdc.org/ 
Phone
(480) 517-1589
Facebook page
NewtownCDC 
Twitter profile
@newtowncdc 
IRS details
EIN
86-0793043
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1994
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L25: Housing Rehabilitation
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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