Charity Search / NEWTON HOUSING DEVELOPMENT CORP
Housing & Shelter (L25) 990 on File

NEWTON HOUSING DEVELOPMENT CORP

EIN: 42-1366201 · NEWTON, IA 50208-0102 · United States · FY 2024 Data
3 out of 5 47 / 100 Based on 2+ years of filings
Financial strength (30%) 64/100
Reliability (20%) 55/100
Effectiveness (25%) 68/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Financial Overview — FY 2024
$143K
Total Revenue
$74K
Total Expenses
$313K
Net Assets
1
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 100.0%
Fundraising Efficiency N/A
Operating Reserve 50.58x
Liability-to-Asset 90.4%
Revenue Diversification 68.8%
Executive Compensation $25K
Compared with Peers
FY 2024
Compared with 2,316 similar organizations (United States, Housing & Shelter, under $100K in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
100.0% 84.3%
P10P90
Top quarter
Admin expense ratio
Management and general / total expenses · lower is better
0.0% 14.2%
P10P90
Top quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.0%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
50.6 mo 35.8 mo
P10P90
Above median
Liabilities to assets
Total liabilities / total assets · lower is better
90.4% 3.2%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
68.8% 99.8%
P10P90
Top quarter
Revenue growth
Year over year revenue growth
37.8% 1.3%
P10P90
Expense growth
Year over year expense growth
-9.3% -1.8%
P10P90
Surplus margin
Surplus as a share of revenue
48.1% 9.0%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $143K $74K $313K 100.0% 1
2023 $104K $82K $244K 100.0% 1
2022 $143K $66K $140K 100.0% 1
2021 $71K $65K N/A — 1
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Organization Details
EIN
42-1366201
State
IA
City
NEWTON
ZIP
50208-0102
Classification
L25
Category
Housing & Shelter
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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