Nonprofit · EIN 74-2275534
NEWSED COMMUNITY DEVELOPMENT CORPORATION INC
Tax-exempt · DENVER, CO 80204
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,939,483 | $2,472,283 | -$532,800 | $5,822,255 | $3,210,536 | $2,611,719 |
| December 31, 2023 | 990 | $1,523,474 | $1,529,407 | -$5,933 | $7,209,233 | $2,825,038 | $4,384,195 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,283,571
- of which government grants
- $388,521
- Program service revenue
- $922,451
- Investment income
- $9,257
- Net income from fundraising events
- -$286,029
- Other revenue
- -$275,796
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $117,999
- Other salaries and wages
- $641,800
- Salaries, compensation and benefits (total)
- $878,039
- Professional fundraising fees
- $0
- Occupancy
- $115,017
- Travel
- $7,123
- Depreciation
- $365,184
- Program services (functional)
- $1,936,038
- Management and general (functional)
- $383,570
- Fundraising (functional)
- $152,675
Balance sheet and other
- Total assets, start of year
- $7,209,233
- Total assets, end of year
- $5,822,255
- Total liabilities, end of year
- $3,210,536
- Net assets, end of year
- $2,611,719
- Land, buildings and equipment
- $4,630,298
- Net assets without donor restrictions
- $2,611,719
- Gross receipts
- $2,471,750
- Employees
- 19
- Volunteers
- 50
- Year formed
- 1983
- State of legal domicile
- CO
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 | Other / benefits |
|---|---|---|---|---|
| ANDREA BARELA | PRESIDENT & Trustee or director, Officer | 40 | $109,808 | $8,190 |
| SARAH GEIS | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MARIE ESQUEDA | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| GREG TOTTEN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| RAY PENA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WILLIAM MENDOZA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JON PETERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LARRY MARTINEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANDREA BARELA | PRESIDENT & Trustee or director, Officer | 40 | $115,000 | $7,113 |
| SARAH GEIS | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MARIE ESQUEDA | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JENNIFER BREZICHA | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| GREG TOTTEN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| NICOLE MARQUEZ | PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOSE ARAGON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LARRY MARTINEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JON PETERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 901 W 10TH AVE STE 2A, DENVER, CO 80204-3973
- Principal officer (990 for 2024)
- ANDREA BARELA, 901 W 10TH AVE SUITE 2A, DENVER, CO 80204
- Signed the 990
- ANDREA BARELA, PRESIDENT & CEO
- Phone
- (303) 534-8342
- Website
- WWW.NEWSED.ORG
- Return prepared by
- JDS PROFESSIONAL GROUP
Mission
NEWSED COMMUNITY DEVELOPMENT CORPORATION, INC. (NEWSED CDC) WAS CREATED TO DEVELOP LOW INCOME HOUSING OPPORTUNITES, TO IDENTIFY AND ELIMINATE DISCRIMINATION IN THE HOUSING AREA, AND TO RAISE ECONOMIC, EDUCATIONAL, CULTURAL AND SOCIAL LEVEL OF THE RESIDENTS ON THE CITY AND COUNTY OF DENVER .
Program accomplishments
- 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.Expenses $1,012,929 · revenue $695,543
- PROPERTY MANAGEMENT: MAINTAIN HOUSING PROJECTS IN THE DENVER AREA SPECIFICALLY DESIGNED TO SUPPORT LOW-INCOME HOUSEHOLDS. 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.Expenses $549,287 · revenue $226,908
- 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.Expenses $373,822
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
- 74-2275534
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1983
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $5,822,255
- Income (IRS master file)
- $2,471,750
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,939,483 | $2,472,283 | $5,822,255 | XML |
| 990 | December 2023 | $1,523,474 | $1,529,407 | $7,209,233 | XML |
| 990 | December 2022 | $1,188,013 | $1,686,177 | $8,421,246 | 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 74-2275534).
Questions about NEWSED COMMUNITY DEVELOPMENT CORPORATION INC
- What is the EIN of NEWSED COMMUNITY DEVELOPMENT CORPORATION INC?
- The employer identification number (EIN) of NEWSED COMMUNITY DEVELOPMENT CORPORATION INC is 74-2275534.
- Is NEWSED COMMUNITY DEVELOPMENT CORPORATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to NEWSED COMMUNITY DEVELOPMENT CORPORATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEWSED COMMUNITY DEVELOPMENT CORPORATION INC 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 NEWSED COMMUNITY DEVELOPMENT CORPORATION INC 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 NEWSED COMMUNITY DEVELOPMENT CORPORATION INC 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 NEWSED COMMUNITY DEVELOPMENT CORPORATION INC?
- The 990 for the year ended December 31, 2024 names ANDREA BARELA.
- Who are the officers and directors of NEWSED COMMUNITY DEVELOPMENT CORPORATION INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $109,808 (ANDREA BARELA, PRESIDENT &).
- How much revenue does NEWSED COMMUNITY DEVELOPMENT CORPORATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,939,483, expenses of $2,472,283 and total assets of $5,822,255 at year end.
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