Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 47-0754453

NEW COMMUNITY DEVELOPMENT CORPORATION

Tax-exempt · COUNCIL BLFS, IA 51501

Financials

$5.1M$3.6M2023$3.7M$3.3M2024
Revenue Expenses · by fiscal year end
Financials of NEW COMMUNITY DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$3,680,143$3,346,247$333,896$13,621,225$4,996,192$8,625,033
December 31, 2023990$5,129,298$3,618,624$1,510,674$13,095,212$4,815,481$8,279,731
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$779,640
of which government grants
$229,500
Program service revenue
$2,878,578
Investment income
$48,365
Net income from sales of inventory
-$598,120
Other revenue
-$26,440

Expenses

Grants and similar amounts paid
$6,000
Compensation of officers, directors and key employees
$200,386
Other salaries and wages
$76,831
Salaries, compensation and benefits (total)
$315,053
Professional fundraising fees
$0
Legal fees
$36,539
Accounting fees
$131,997
Occupancy
$1,663,106
Travel
$14,852
Depreciation
$262,679
Program services (functional)
$3,016,101
Management and general (functional)
$263,007
Fundraising (functional)
$67,139

Balance sheet and other

Total assets, start of year
$13,095,212
Total assets, end of year
$13,621,225
Total liabilities, end of year
$4,996,192
Net assets, end of year
$8,625,033
Land, buildings and equipment
$7,856,348
Net assets without donor restrictions
$8,610,033
Net assets with donor restrictions
$15,000
Gross receipts
$5,808,263
Employees
3
Year formed
1992
State of legal domicile
NE

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.

NameTitleHours / weekCompensationOther / benefits
David HazlewoodChief Executive Officer
Officer
40$90,488$13,675
Phyllis PetersonChief Operating Officer
Officer
40$69,970$17,464
Ruy AcevedoBoard Member
Trustee or director
1$0$0
Tim GermanBoard Member
Trustee or director
1$0$0
Aaron HoffmanBoard Member
Trustee or director
1$0$0
Trey SimpsonBoard Member
Trustee or director
1$0$0
Ryne BessmerBoard Member
Trustee or director
1$0$0
Steve GormanBoard Member
Trustee or director
1$0$0
Joshua BerryBoard President
Trustee or director, Officer
1$0$0
Lara HuskeyVice President
Trustee or director, Officer
1$0$0
Ernest WhiteTreasurer
Trustee or director, Officer
1$0$0
Teresa HunterSecretary
Trustee or director, Officer
1$0$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensationOther / benefits
David HazlewoodChief Executive Officer
Officer
40$84,484$12,550
Phyllis PetersonChief Operating Officer
Officer
40$35,320$8,345
Leslie ColemanCEO
Officer
40$28,524$3,705
Teresa HunterBoard Member
Trustee or director
1$0$0
Tim GermanBoard Member
Trustee or director
1$0$0
Trey SimpsonBoard Member
Trustee or director
1$0$0
Aaron HoffmanBoard Member
Trustee or director
1$0$0
Karen AndersonBoard Member
Trustee or director
1$0$0
M John KilnoskiSecretary
Trustee or director
1$0$0
Ernest WhiteTreasurer
Trustee or director
1$0$0
Ruy AcevedoBoard Member
Trustee or director
1$0$0
Joshua BerryBoard President
Trustee or director, Officer
1$0$0
Lara HuskeyVice President
Trustee or director, Officer
1$0$0

Address and contacts

Address (IRS master file)
222 S 6TH ST, COUNCIL BLFS, IA 51501-4237
In care of
% DAVID HAZLEWOOD
Principal officer (990 for 2024)
David Hazlewood, 222 S 6TH STREET, Council Bluffs, IA 51501
Signed the 990
DAVID HAZLEWOOD, Chief Executive Officer
Phone
(402) 451-2939
Return prepared by
J Randall CPA LLC

Mission

Provides safe, affordable and quality housing for low and moderate income families in Douglas & Sarpy NE & Pottawattamie County IA, with an emphasis in Omaha/Council Bluffs metropolitan area.

990 for the year ended December 31, 2024

Program accomplishments

  • In its efforts to provide save, affordable and high quality housing to low and moderate income families, the Organziation had a dramatic impact on the local community. The Organization placed 9 new home owners in an energy efficent quality home with 4 under construction. The Infil program helps bridge the affordability gap with down payment assistance for qualified buyers of the newly constructed homes while increasing the tax base of the areas the homes are built. The Organization also operated 336 rental units with a focus on those who are low to moderate income.
    Expenses $3,016,101 · grants $6,000 · revenue $2,852,138

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
47-0754453
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
1993
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$13,621,225
Income (IRS master file)
$5,808,263

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$3,680,143$3,346,247$13,621,225XML
990December 2023$5,129,298$3,618,624$13,095,212XML
990December 2022$3,302,380$2,301,571$11,220,340IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

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 47-0754453).

Questions about NEW COMMUNITY DEVELOPMENT CORPORATION

What is the EIN of NEW COMMUNITY DEVELOPMENT CORPORATION?
The employer identification number (EIN) of NEW COMMUNITY DEVELOPMENT CORPORATION is 47-0754453.
Is NEW COMMUNITY DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
Are donations to NEW COMMUNITY DEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NEW COMMUNITY DEVELOPMENT CORPORATION 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 NEW COMMUNITY DEVELOPMENT CORPORATION 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 NEW COMMUNITY DEVELOPMENT CORPORATION 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 NEW COMMUNITY DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 names David Hazlewood.
Who are the officers and directors of NEW COMMUNITY DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 lists 12 people; 2 received compensation from the organization, the highest $90,488 (David Hazlewood, Chief Executive Officer).
How much revenue does NEW COMMUNITY DEVELOPMENT CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $3,680,143, expenses of $3,346,247 and total assets of $13,621,225 at year end.

Other nonprofits in COUNCIL BLFS

All nonprofits in COUNCIL BLFS · Iowa · Housing and shelter