Nonprofit · EIN 62-1873654
NEW LEVEL COMMUNITY DEVELOPMENT CORPORATION
Tax-exempt · NASHVILLE, TN 37208
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $966,745 | $1,396,823 | -$430,078 | $8,097,873 | $2,030,773 | $6,067,100 |
| December 31, 2023 | 990 | $2,391,681 | $748,253 | $1,643,428 | $8,229,336 | $1,587,216 | $6,642,120 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $100,214
- of which government grants
- $100,214
- Program service revenue
- $689,277
- Investment income
- $0
- Other revenue
- $177,254
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $108,928
- Other salaries and wages
- $287,121
- Salaries, compensation and benefits (total)
- $429,635
- Professional fundraising fees
- $0
- Legal fees
- $232,269
- Accounting fees
- $51,900
- Travel
- $44,486
- Program services (functional)
- $939,733
- Management and general (functional)
- $457,090
Balance sheet and other
- Total assets, start of year
- $8,229,336
- Total assets, end of year
- $8,097,873
- Total liabilities, end of year
- $2,030,773
- Net assets, end of year
- $6,067,100
- Land, buildings and equipment
- $2,034,686
- Net assets without donor restrictions
- $6,067,100
- Gross receipts
- $966,745
- Employees
- 5
- Volunteers
- 12
- Year formed
- 2001
- State of legal domicile
- TN
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 |
|---|---|---|---|
| TERESA SKIPPER | EXECUTIVE DIRECTOR Trustee or director, Officer | 50 | $108,928 |
| MICHAEL LUMMUS | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN BRADSHAW | DIRECTOR Trustee or director | 1 | $0 |
| BARRY GREER | DIRECTOR Trustee or director | 1 | $0 |
| MARIE HOLMES | DIRECTOR Trustee or director | 1 | $0 |
| SHANNON FITZPATRICK | DIRECTOR Trustee or director | 1 | $0 |
| JEFF RUPRIGHT | TREASURER Trustee or director, Officer | 2 | $0 |
| BRIAN JORDAN | CO-CHAIR Trustee or director, Officer | 2 | $0 |
| PAULA ROBERTS | CO-CHAIR Trustee or director, Officer | 2 | $0 |
| LENEIVA HEAD | SECRETARY Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERESA SKIPPER | EXECUTIVE DIRECTOR Trustee or director, Officer | 50 | $99,000 |
| BARRY GREER | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN BRADSHAW | DIRECTOR Trustee or director | 1 | $0 |
| SHANNON FITZPATRIC | DIRECTOR Trustee or director | 1 | $0 |
| LUIS PARODI | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL LUMMUS | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN JORDAN | PRESIDENT Trustee or director, Officer | 2 | $0 |
| JEFF RUPRIGHT | TREASURER Trustee or director, Officer | 2 | $0 |
| LENEIVA HEAD | SECRETARY Trustee or director, Officer | 2 | $0 |
| PAULA ROBERTS | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1112 JEFFERSON ST, NASHVILLE, TN 37208-2500
- In care of
- % TERESA SKIPPER
- Principal officer (990 for 2024)
- TERESA SKIPPER, PO BOX 218430, NASHVILLE, TN 37221
- Signed the 990
- TERESA SKIPPER, EXECUTIVE DIRECTOR
- Phone
- (615) 627-0347
- Website
- WWW.NEWLEVELCDC.ORG
- Return prepared by
- BELLENFANT PLLC
Mission
NEW LEVEL COMMUNITY DEVELOPMENT CORPORATION ADVOCATES FOR LOW-TO-MODERATE INCOME COMMUNITY BY WORKING WITH LEGISLATORS, OTHER NON-PROFITS, AND PRIVATE DEVELOPERS TO CREATE MORE AFFORDABLE HOMES IN NASHVILLE.
Program accomplishments
- THE AFFORDABLE HOUSING PROGRAM WORKS WITH COMMUNITY PARTNERS TO PROVIDE HOMES FOR PEOPLE WITH LOW TO MODERATE INCOMES IN NEED OF AFFORDABLE HOUSING. PROGRAMS INCLUDE HOME OWNERSHIP WITH DOWN PAYMENT ASSISTANCE AND AFFORDABLE RENTAL UNITS. THE CORPORATION USES OFFICE SPACE DONATED BY MT ZION BAPTIST CHURCH, WHICH HAS BEEN RECORDED AS AN IN-KIND DONATION.Expenses $939,733 · grants $100,214 · revenue $114,449
- HOME BUYER EDUCATION IS A 1 DAY, 6 HOUR COURSE OFFERED ONCE PER MONTH FROM JANUARY THROUGH OCTOBER, AND IS TAUGHT BY TRAINED CERTIFIED INSTRUCTORS. THEY ALSO PROVIDE A 1 HOUR PRIVATE CONSULTATION. THE CURRICULUM USED IS PROVIDED BY NEIGHBOR WORKS AMERICA. IN ADDITION, HOUSING COUNSELING IS PROVIDED AS NEEDED TO ASSIST INDIVIDUALS.
- FINANCIAL EDUCATION IS PROVIDED THROUGH INDIVIDUAL COACHING SESSIONS. SOME INDIVIDUALS WHO COMPLETE THE REQUIRED 10 HOURS OF FINANCIAL EDUCATION COURSE WORK AND MEET ELIGIBILITY REQUIREMENTS ENTER INTO A MATCHING SAVINGS PROGRAM TO HELP THEM ESTABLISH SAVINGS HABITS AND BEGIN TO BUILD ASSETS. ONCE THEY REACH THEIR SAVINGS GOAL, THEY MAY RECEIVE MATCH DOLLARS TO HELP THEM PURCHASE A HOME, START A SMALL BUSINESS, OR CONTINUE THEIR POST SECONDARY EDUCATION. THE CORPORATION USES OFFICE SPACE DONATED BY MT ZION BAPTIST CHURCH, WHICH HAS BEEN RECORDED AS AN IN-KIND DONATION.
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
- 62-1873654
- 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
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $8,097,873
- Income (IRS master file)
- $966,745
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $966,745 | $1,396,823 | $8,097,873 | XML |
| 990 | December 2023 | $2,391,681 | $748,253 | $8,229,336 | XML |
| 990 | December 2022 | $1,102,707 | $546,487 | $15,237,547 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 62-1873654).
Questions about NEW LEVEL COMMUNITY DEVELOPMENT CORPORATION
- What is the EIN of NEW LEVEL COMMUNITY DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of NEW LEVEL COMMUNITY DEVELOPMENT CORPORATION is 62-1873654.
- Is NEW LEVEL COMMUNITY DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to NEW LEVEL COMMUNITY DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW LEVEL 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 LEVEL 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 LEVEL 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 LEVEL COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names TERESA SKIPPER.
- Who are the officers and directors of NEW LEVEL COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $108,928 (TERESA SKIPPER, EXECUTIVE DIRECTOR).
- How much revenue does NEW LEVEL COMMUNITY DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $966,745, expenses of $1,396,823 and total assets of $8,097,873 at year end.
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