↑ parent activity group ·
research dossier →

NEWTOWN COMMUNITY DEVELOPMENT CORPORATION
TEMPE, AZ · EIN 860793043 · Form 990 · FY2021 · NTEE L20 · Housing & Shelter · Medium ($1M-$10M) · www.newtowncdc.org
revenue
$2.7M
expenses
$740K
net assets
$10.2M
employees
12
volunteers
15
program ratio
69%
mission · from form 990

NEWTOWN HELPS PEOPLE IMPROVE THEIR FINANCIAL WELL-BEING WHILE STRENGTHENING COMMUNITIES THROUGH EDUCATION, COUNSELING, COACHING AND THE DEVELOPMENT AND STEWARDSHIP OF PERMENENTLY AFFORDABLE HOMES.

profile · synthesized from sources

NEWTOWN COMMUNITY DEVELOPMENT CORPORATION is an Arizona-based nonprofit that provides financial and homeownership education, counseling, and affordable housing programs. They help individuals and families improve their financial well-being, navigate the homebuying process, and access down-payment assistance and community land trust homes. Their services aim to build wealth and support healthy communities.

irs program accomplishments · form 990 part iii · fy2021

what they reported doing

Program narrative the organization filed with the IRS. Ordered by program spending.

  1. #1 primary $236K
    COMMUNITY LAND TRUST - ACQUIRED / REHABILITATED HOMES AND SOLD THEM TO ELIGIBLE LOW-INCOME, FIRST TIME HOMEBUYERS THROUGH NEWTOWNS COMMUNITY LAND TRUST (CLT) PROGRAM. NEWTOWN CURRENTLY HAS 180 CLT PROPERTIES IN AVONDALE, CHANDLER, EL MIRAGE, GILBERT, GLENDALE, GOODYEAR, PEORIA, PHOENIX, QUEEN CREEK, SCOTTSDALE, AND TEMPE, AZ. NEWTOWN PROVIDES ONGOING STEWARDSHIP OF THE PROPERTIES AND SUPPORT FOR THE CLT HOMEOWNERS.
named programs · 8 · from sources

what they call their work

CLT Homeowner Support
Provides a range of services to homeowners in Newtown's CLT, including refinancing assistance, resale assistance, home-maintenance education, and a tool library.
Community Land Trust (CLT)
Builds or renovates houses and sells them at below-market rates to qualified buyers, with the land remaining with the CLT to ensure long-term affordability. Homeowners get a renewable 99-year lease.
Credit Counseling
Provides counseling to help individuals understand and improve their credit rating, analyze credit reports, identify problems, and improve credit scores.
Down-Payment Assistance
Helps eligible individuals find and apply for down-payment and closing cost assistance programs, potentially up to $30,000, including programs like WISH and City of Mesa.
Financial Coaching
Offers personalized and non-judgmental coaching to help individuals reach financial goals and improve financial well-being through step-by-step plans.
First-Time Homebuyer Workshops
Workshops designed to educate first-time homebuyers on the homebuying process.
Housing Counseling
Certified, bilingual housing counselors evaluate current situations, create action plans, demystify the home-buying process, help find financial assistance, and provide advice on working with real estate professionals and navigating documents.
Online Homebuyer Education Certificate Course
A HUD-approved online course available in English and Spanish to prepare individuals for the homebuying process and successful homeownership, often required for home loans and assistance programs.
activities · 6 groups

what they do

  • Homeownership Down Payment Assistance 4 activities
    • CLT Homeowner Support Program
      Provides a support program for CLT homeowners, including refinancing assistance, resale assistance, home-maintenance education, and a tool library.
    • CLT Homeowner Support Services
      Provides ongoing support to CLT homeowners, including refinancing and resale assistance, home-maintenance education, and access to a tool library.
    • Down Payment and Homeownership Assistance
      Offers down-payment assistance programs to qualified homebuyers to increase access to affordable homeownership.
    • Down-Payment Assistance Programs
      Offers down-payment assistance programs to help qualified buyers achieve homeownership.
  • Permanent Affordable Housing Development 2 activities
    • Community Land Trust (CLT) Homeownership Program
      Operates the largest Community Land Trust (CLT) in Arizona, building or renovating homes and selling them at below-market rates to qualified buyers, with properties located across Maricopa County.
    • Community Land Trust (CLT) Operations
      Operates the largest Community Land Trust in Arizona, building or renovating houses across Maricopa County and selling them at below-market rates to qualified buyers.
  • Housing Counseling & Homebuyer Education 2 activities
    • First-Time Homebuyer Education
      Offers first-time homebuyer workshops and an online homebuyer education certificate course to prepare individuals for homeownership.
    • Homebuyer Education and Workshops
      Provides first-time homebuyer workshops and an online homebuyer education certificate course to prepare individuals for homeownership.
  • Credit Counseling and Debt Management 1 activity
    • Credit Counseling and Financial Coaching
      Provides credit counseling and financial coaching services to individuals.
  • Community Resource Referral & Navigation 1 activity
    • Housing Counseling
      Provides housing counseling services to assist individuals with various housing-related needs.
  • Uncategorized 1 activity
    • Credit and Financial Counseling Services
      Offers credit counseling, financial coaching, and housing counseling services to support individuals and families in improving financial stability.
financials · form 990 · fy2021
revenue
Total revenue$2.74M
Contributions & grants$2.05M75%
Program service revenue$124K5%
Investment income$220%
Other revenue$560K
expenses
Total expenses$740K
Program expenses69%
Admin / overhead31%
Fundraising0%
Salaries & benefits$560K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$12.51M
Cash$1.40M
Investments$0
Liabilities$2.31M
Net assets$10.19M
Liquid reserves22.7 mo
3 years on record · 2019–2021 · YoY revenue +94.0%
leadership · form 990 part vii · fy2021

who runs it

paid leadership · 1
NameTitleHours/wkCompensation
STEPHANIE BREWER EXECUTIVE DIRECTOR 40 $121K
board members · 12
  • BARBARA DOWLING — DIRECTOR
  • BRIAN MCKARY — DIRECTOR
  • CAROLINA AGUAYO — DIRECTOR
  • CLARA ALI — DIRECTOR
  • JEFFERY TICE — DIRECTOR
  • KELSEY CRAWFORD — DIRECTOR
  • KIRK ROBERT — DIRECTOR
  • MIKE PATTEN — DIRECTOR
  • ROSANNE TERRELL — DIRECTOR
  • STEPHEN COLE — DIRECTOR
  • STEVE GILLIEM — DIRECTOR
  • VANESSA ISAULA — DIRECTOR