Charity Search / NEW COMMUNITY DEVELOPMENT CORPORATION
Housing & Shelter (L80Z) 990 on File

NEW COMMUNITY DEVELOPMENT CORPORATION

EIN: 47-0754453 · COUNCIL BLFS, IA 51501-4237 · United States · FY 2024 Data
3 out of 5 52 / 100 Based on 2+ years of filings
Financial strength (30%) 71/100
Reliability (20%) 55/100
Effectiveness (25%) 78/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Financial Overview — FY 2024
$3.7M
Total Revenue
$3.3M
Total Expenses
$8.6M
Net Assets
3
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 90.1%
Fundraising Efficiency N/A
Operating Reserve 30.93x
Liability-to-Asset 36.7%
Revenue Diversification 78.2%
Executive Compensation $200K
Compared with Peers
FY 2024
Compared with 2,572 similar organizations (United States, Housing & Shelter, $1M–$10M 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
90.1% 87.2%
P10P90
Above median
Admin expense ratio
Management and general / total expenses · lower is better
7.9% 10.3%
P10P90
Above median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
2.0% 0.0%
P10P90
Bottom quarter
Operating reserve
Months of expenses covered by net assets · higher is better
30.9 mo 12.6 mo
P10P90
Above median
Liabilities to assets
Total liabilities / total assets · lower is better
36.7% 39.0%
P10P90
Above median
Revenue concentration
Share of revenue from the largest source · lower is better
78.2% 89.9%
P10P90
Above median
Revenue growth
Year over year revenue growth
-28.3% 6.4%
P10P90
Expense growth
Year over year expense growth
-7.5% 6.9%
P10P90
Surplus margin
Surplus as a share of revenue
9.1% 3.0%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $3.7M $3.3M $8.6M 90.1% 3
2023 $5.1M $3.6M $8.3M 92.4% 4
2022 $3.3M $2.3M $6.8M 89.5% 4
2021 $2.0M $2.0M N/A 6
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Organization Details
EIN
47-0754453
State
IA
City
COUNCIL BLFS
ZIP
51501-4237
Classification
L80Z
Category
Housing & Shelter
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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