Program areas at Newsed Community Development Corporation
Homeownership counseling: since the beginning of Newsed cdc's home buyer counseling program over one thousand clients have been successfully transitioned into homeownership. Foreclosure counseling: Newsed cdc provides foreclosure prevention counseling to those facing this financial crisis. Our highly trained and experienced counselors have worked with hundreds of clients. Homebuyer workshops & online education: Newsed cdc's homebuyer workshops are designed to help navigate the path to homeownership for free. Newsed cdc online education courses were developed by a hud certified nonprofit agency and after completion, the client will meet chfa requirements. Newsed cdc works in collaboration with Community financial partners to offer a series of financial classes. The classes are designed to help participants improve their overall and long-term financial situation. Participants are provided with the basics of money management to be able to increase their savings and accomplish their financial goals.
Housing Development: Newsed cdc purchases, repairs, and resells formerly foreclosed homes from private lenders to income eligible households. Real estate Development: Newsed cdc develops commercial, residential and mixed use real estate. In total, Newsed cdc has developed over 650,000 square feet of housing and retail/commercial real estate over the last three decades.
Property management: maintain housing projects in the denver area specifically designed to support low-income households.
Who funds Newsed Community Development Corporation
Grants from foundations and other nonprofits
Personnel at Newsed Community Development Corporation
| Name | Title | Compensation | Date of data |
|---|
| Andrea Barela | President and Chief Executive Officer | $95,000 | 2024-10-01 |
| Jessica Franklin | Development Director | | 2024-10-01 |
| Austin Tafoya | Special Events Manager | | 2024-10-01 |
| Cecilia Cervantes | Special Projects Manager | | 2024-10-01 |
| Susan Luna | Small Business Program Manager | | 2024-10-01 |
Financials for Newsed Community Development Corporation
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $1,275,194 | $831,480 | 53.4% |
| Program services | $294,835 | $575,808 | -48.8% |
| Investment income and dividends | $10,255 | $28,658 | -64.2% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $-238,961 | $-280,461 | 14.8% |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $182,151 | $32,528 | 460% |
| Total revenues | $1,523,474 | $1,188,013 | 28.2% |
Organizations like Newsed Community Development Corporation
| Organization | Type | Location | Revenue |
|---|
| Wyoming County Community Action | 501(c)(3) | Perry, NY | $2,383,138 |
| Council of Community Services | 501(c)(3) | Gillette, WY | $3,782,060 |
| Faithworks Community Coalition | 501(c)(3) | Redding, CA | $436,265 |
| Live Baltimore Home Center | 501(c)(3) | Baltimore, MD | $4,916,005 |
| The Connection Homeless Shelter | 501(c)(3) | North Platte, NE | $471,550 |
| Marshall Heights Community Development (MHCDO) | 501(c)(3) | Washington, DC | $2,691,542 |
| Opportunity Neighborhood | 501(c)(3) | Elk River, MN | $582,554 |
| Sylvester Broome Empowerment Village | 501(c)(3) | Flint, MI | $1,864,456 |
| ODA Community Development | 501(c)(3) | Brooklyn, NY | $3,113,448 |
| Community Development Corporation of Mishawaka Indiana | 501(c)(3) | Mishawaka, IN | $2,010,096 |
Data update history
January 6, 2025
Received grants
Identified 2 new grant, including a grant for $60,280 from The Denver Foundation October 1, 2024
Updated personnel
Identified 3 new personnel
July 14, 2024
Received grants
Identified 2 new grant, including a grant for $80,607 from Nueva Esperanza January 9, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 9, 2024
Updated personnel
Identified 3 new personnel
Nonprofit Types
Business and community development organizationsHousing and shelter organizationsCharities
Issues
Community improvement
Characteristics
Fundraising eventsReceives government fundingTax deductible donationsAccepts online donations
General information
- Address
- 901 W 10th Ave Suite 2a
- Denver, CO 80204
- Metro area
- Denver-Aurora-Lakewood, CO
- County
- Denver County, CO
- Website URL
- newsed.org/Â
- Phone
- (303) 534-8342
IRS details
- EIN
- 74-2275534
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1983
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S20: Community, Neighborhood Development, Improvement
- NAICS code, primary
- 62422: Community Housing Services
- Parent/child status
- Independent
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