EIN 47-4091853

New Way Homes

Name: New Way Homes financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Santa Cruz

State

California

Year formed

2015

Most recent tax filings

2023-12-01

NTEE code, primary

L20: Housing Development, Construction, Management

Description

New Way Homes formed with the mission to significantly increase the availability and affordability of rental housing to vulnerable and low-income populations by making charitable loans that increase the rate of development of new affordable housing. During 2022, New Way Homes furthered its mission by making pre-development loans totaling $1,450,000 and directly paying pre-development expenses totaling $58,962.

Total revenues

$4,715,504

2023

Total expenses

$1,213,990

2023

Total assets

$10,557,458

2023

Num. employees

2023

Program areas at New Way Homes

During 2023 New Way Homes furthered its mission to increase affordable/low-income housing by making pre-development loans totaling $2,027,834 and directly paying predevelopment expenses totaling $614,535.

Grants made by New Way Homes

Grantee	Grant description	Grant year	Amount
Housing Matters	801 Riverroofrepairs	2022-12	$23,000

Who funds New Way Homes

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
David and Lucile Packard Foundation	2022-12	Local Grantmaking	$100,000
Cottonwood Spring	2023-12	General Support	$25,000
Community Foundation Santa Cruz County	2023-12	For Housing Santa Cruz County	$21,250
...and 5 more grants received

Personnel at New Way Homes

Name	Title	Compensation	Date of data
Alyssa Willett	Vice President of Finance, Workbenchleads Finance and Compliance for NWH; Formerly Finance and Operations Director at Housing Matters		2024-01-19
Jason Todd Brings	Vice President		2024-01-19
Pastor Raymond Lankford	Executive Director		2024-01-19
Robert Singleton	Secretary of the Boardfounder @ Civinomics \| Current	$0	2024-01-19
Sibley Simon	President	$0	2023-11-15
...and 1 more key personnel

Financials for New Way Homes

Revenues	FYE 12/2023	FYE 12/2022	% Change
Total grants, contributions, etc.	$4,045,225	$314,713	1185.4%
Program services	$22,071	$15,662	40.9%
Investment income and dividends	$438,722	$227,067	93.2%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$184,244	$0	999%
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$25,242	$0	999%
Total revenues	$4,715,504	$557,442	745.9%

Form 990s for New Way Homes

Fiscal year ending	Date received by IRS	Form	PDF link
2023-12	2024-11-15	990	View PDF
2022-12	2023-11-15	990	View PDF
2021-12	2022-11-15	990	View PDF
2020-12	2021-11-15	990	View PDF
2019-12	2021-04-02	990	View PDF
...and 4 more Form 990s

Organizations like New Way Homes

Organization	Type	Location	Revenue
Polk County Housing Trust Fund	501(c)(3)	Des Moines, IA	$19,273,540
Habitat for Humanity - Colorado	501(c)(3)	Lakewood, CO	$3,734,351
The Wisconsin Partnership for Housing Development	501(c)(3)	Madison, WI	$1,656,399
Dallas City Homes	501(c)(3)	Dallas, TX	$3,848,458
Trinity Habitat for Humanity	501(c)(3)	Fort Worth, TX	$19,931,450
Habitat for Humanity Choptank	501(c)(3)	Trappe, MD	$4,863,255
York Habitat for Humanity	501(c)(3)	York, PA	$2,297,067
Habitat for Humanity - New York State	501(c)(3)	Bible School Park, NY	$1,186,083
Montgomery Housing Partnership	501(c)(3)	Silver Spring, MD	$20,111,034
Westbeth Corp Housing Development Fund Company	501(c)(3)	New York, NY	$10,611,091

Data update history

July 11, 2024

Received grants

Identified 1 new grant, including a grant for $25,000 from Cottonwood Spring

January 22, 2024

Posted financials

Added Form 990 for fiscal year 2022

January 19, 2024

Updated personnel

Identified 5 new personnel

January 2, 2024

Used new vendors

Identified 1 new vendor, including

January 1, 2024

Received grants

Identified 5 new grant, including a grant for $100,000 from David and Lucile Packard Foundation

Nonprofit Types

Housing and shelter organizationsCharities

Issues

Human servicesHousing

Characteristics

LobbyingReceives government fundingEndowed supportTax deductible donationsAccepts online donations

General information

Address: 1040 Mystery Spot Rd; Santa Cruz, CA 95065
Metro area: Santa Cruz-Watsonville, CA
County: Santa Cruz County, CA
Website URL: newwayhomes.org/
Phone: (831) 419-4091

IRS details

EIN: 47-4091853
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 2015
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: L20: Housing Development, Construction, Management
NAICS code, primary: 62422: Community Housing Services
Parent/child status: Independent

California AB-488 details

AB 488 status: May Operate or Solicit for Charitable Purposes
Charity Registration status: Current - In Process
FTB status revoked: Not revoked
AG Registration Number: CT0231348
FTB Entity ID: 3772144
AB 488 data last updated ("as-of") date: 2025-02-05

Blog articles

Free account sign-up

Want updates when New Way Homes has new information, or want to find more organizations like New Way Homes?

Create free Cause IQ account

New Way Homes

Program areas at New Way Homes

Grants made by New Way Homes

Who funds New Way Homes

Personnel at New Way Homes

Financials for New Way Homes

Form 990s for New Way Homes

Organizations like New Way Homes

Nonprofits

Product

Customers

About