Nonprofit · EIN 42-1366201
NEWTON HOUSING DEVELOPMENT CORP
Also known as C-O JAMES TYLER
Tax-exempt · NEWTON, IA 50208
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $143,024 | $74,165 | $68,859 | $3,268,649 | $2,956,039 | $312,610 |
| December 31, 2023 | 990 | $103,786 | $81,736 | $22,050 | $3,476,251 | $3,232,500 | $243,751 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $40,000
- of which government grants
- $40,000
- Program service revenue
- $169
- Investment income
- $98,417
- Net gain from sales of assets
- $97,720
- Other revenue
- $4,438
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $25,000
- Salaries, compensation and benefits (total)
- $28,285
- Professional fundraising fees
- $0
- Legal fees
- $12,061
- Accounting fees
- $1,025
- Occupancy
- $1,800
- Program services (functional)
- $74,165
Balance sheet and other
- Total assets, start of year
- $3,476,251
- Total assets, end of year
- $3,268,649
- Total liabilities, end of year
- $2,956,039
- Net assets, end of year
- $312,610
- Land, buildings and equipment
- $2,800,000
- Gross receipts
- $547,804
- Employees
- 1
- Volunteers
- 16
- Year formed
- 1991
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRUCE SHOWALTER | DIRECTOR Trustee or director, Highest-paid employee | 40 | $25,000 |
| JENNIFER COOK | PRESIDENT Officer | 2 | $0 |
| JEFF PRICE | VICE-PRESIDENT Officer | 1 | $0 |
| AMY TREASE | SECRETARY Officer | 1 | $0 |
| LONNIE PORTNER | DIRECTOR Trustee or director | 1 | $0 |
| BEV PRICE | TREASURER Trustee or director | 1 | $0 |
| FLOYD DAVIS | DIRECTOR Trustee or director | 1 | $0 |
| BOB CUPPLES | DIRECTOR Trustee or director | 1 | $0 |
| TANYA MICHENER | DIRECTOR Trustee or director | 1 | $0 |
| JASON PRICE | DIRECTOR Trustee or director | 1 | $0 |
| TROY TEAGUE | DIRECTOR Trustee or director | 1 | $0 |
| SHAWN PRESTON | DIRECTOR Trustee or director | 1 | $0 |
| DAN KUNKEL | DIRECTOR Trustee or director | 1 | $0 |
| SCOTT NEASHAM | DIRECTOR Trustee or director | 1 | $0 |
| MEGAN MEYER | DIRECTOR Trustee or director | 1 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALLISON UDELHOVEN | DIRECTOR Trustee or director | 1 | $0 |
| LANA SUE NOLIN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRUCE SHOWALTER | DIRECTOR Trustee or director, Highest-paid employee | 40 | $46,000 |
| JENNIFER COOK | PRESIDENT Officer | 2 | $0 |
| JEFF PRICE | VICE-PRESIDENT Officer | 1 | $0 |
| AMY TREASE | SECRETARY Officer | 1 | $0 |
| LONNIE PORTNER | DIRECTOR Trustee or director | 1 | $0 |
| BEV PRICE | TREASURER Trustee or director | 1 | $0 |
| FLOYD DAVIS | DIRECTOR Trustee or director | 1 | $0 |
| BOB CUPPLES | DIRECTOR Trustee or director | 1 | $0 |
| TANYA MICHENER | DIRECTOR Trustee or director | 1 | $0 |
| JASON PRICE | DIRECTOR Trustee or director | 1 | $0 |
| TROY TEAGUE | DIRECTOR Trustee or director | 1 | $0 |
| SHAWN PRESTON | DIRECTOR Trustee or director | 1 | $0 |
| DAN KUNKEL | DIRECTOR Trustee or director | 1 | $0 |
| SCOTT NEASHAM | DIRECTOR Trustee or director | 1 | $0 |
| MEGAN MEYER | DIRECTOR Trustee or director | 1 | $0 |
| ALLISON UDELHOVEN | DIRECTOR Trustee or director | 1 | $0 |
| LANA SUE NOLIN | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 102, NEWTON, IA 50208-0102
- In care of
- % MARK A OTTO
- Mailing address (990-N for 2011)
- 123 W 2ND ST N, NEWTON IA 50208
- Principal officer (990 for 2024)
- BRUCE SHOWALTER, 1907 1ST AVE E, NEWTON, IA 50208
- Principal officer (990-N for 2011)
- BRUCE SHOWALTER, 123 W 2ND ST N, NEWTON IA 50208
- Signed the 990
- JENNIFER COOK, PRESIDENT
- Phone
- (641) 792-6432
- Website
- NEWTONHDC.ORG
- Return prepared by
- OTTO LAW OFFICE PLLC
Mission
INCREASE THE QUANTITY AND QUALITY OF HOUSING IN NEWTON, IOWA
Program accomplishments
- ACQUISITION AND SALE FOR DEVELOPMENT OF NEW HOUSINGExpenses $74,165 · revenue $138,586
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1366201
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L25)
- Assets (IRS master file)
- $3,268,649
- Income (IRS master file)
- $547,804
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $143,024 | $74,165 | $3,268,649 | XML |
| 990 | December 2023 | $103,786 | $81,736 | $3,476,251 | XML |
| 990 | December 2022 | $143,016 | $65,664 | $3,485,330 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2011 Officer: BRUCE SHOWALTER | December 31, 2011 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-1366201).
Questions about NEWTON HOUSING DEVELOPMENT CORP
- What is the EIN of NEWTON HOUSING DEVELOPMENT CORP?
- The employer identification number (EIN) of NEWTON HOUSING DEVELOPMENT CORP is 42-1366201.
- Is NEWTON HOUSING DEVELOPMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to NEWTON HOUSING DEVELOPMENT CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEWTON HOUSING DEVELOPMENT CORP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEWTON HOUSING DEVELOPMENT CORP due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEWTON HOUSING DEVELOPMENT CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NEWTON HOUSING DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2024 names BRUCE SHOWALTER.
- Who are the officers and directors of NEWTON HOUSING DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2024 lists 17 people; 1 received compensation from the organization, the highest $25,000 (BRUCE SHOWALTER, DIRECTOR).
- How much revenue does NEWTON HOUSING DEVELOPMENT CORP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $143,024, expenses of $74,165 and total assets of $3,268,649 at year end.
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