EIN 47-4091853

New Way Homes

IRS 501(c) type
501(c)(3)
Num. employees
2
Year formed
2015
Most recent tax filings
2022-12-01
Description
New Way Homes formed with the mission to significantly increase the availability and affordability of rental housing to vulnerable and low-income populations by making charitable loans that increase the rate of development of new affordable housing. During 2022, New Way Homes furthered its mission by making pre-development loans totaling $1,450,000 and directly paying pre-development expenses totaling $58,962.
Total revenues
$557,442
2022
Total expenses
$578,187
2022
Total assets
$7,187,029
2022
Num. employees
2
2022

Program areas at New Way Homes

During 2022 New Way Homes furthered its mission to increase affordable/low income housing by making pre-development loans totaling 1,450,000 and directly paying pre-development expenses totaling 58,962.

Grants made by New Way Homes

GranteeGrant descriptionAmount
Housing Matters801 Riverroofrepairs$23,000

Who funds New Way Homes

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
David and Lucile Packard FoundationLocal Grantmaking$100,000
Cottonwood SpringHousing Santa Cruz County Fund$25,000
Community Foundation Santa Cruz CountyFor General Operating Support$24,250
...and 2 more grants received

Personnel at New Way Homes

NameTitleCompensation
Alyssa WillettVice President of Finance, Workbenchleads Finance and Compliance for NWH; Formerly Finance and Operations Director at Housing Matters
Jason Todd BringsVice President
Pastor Raymond LankfordExecutive Director
Robert SingletonSecretary of the Boardfounder @ Civinomics | Current$0
Sibley SimonPresident$0
...and 1 more key personnel

Financials for New Way Homes

RevenuesFYE 12/2022
Total grants, contributions, etc.$314,713
Program services$15,662
Investment income and dividends$227,067
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$557,442

Form 990s for New Way Homes

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2019-122021-04-02990View PDF
2018-122019-11-15990View PDF
...and 3 more Form 990s
Data update history
January 22, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 19, 2024
Updated personnel
Identified 5 new personnel
January 2, 2024
Used new vendors
Identified 1 new vendor, including
January 1, 2024
Received grants
Identified 5 new grant, including a grant for $100,000 from David and Lucile Packard Foundation
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Housing and shelter organizationsCharities
Issues
Human servicesHousing
Characteristics
Tax deductible donations
General information
Address
1040 Mystery Spot Rd
Santa Cruz, CA 95065
Metro area
Santa Cruz-Watsonville, CA
County
Santa Cruz County, CA
Website URL
newwayhomes.org/ 
Phone
(831) 419-4091
IRS details
EIN
47-4091853
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2015
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L20: Housing Development, Construction, Management
NAICS code, primary
62422: Community Housing Services
Parent/child status
Independent
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