New Development Corporation

Housing & shelter organization based in Grand Rapids, MI. 8 employees. Exempt under §501(c)(3).

MissionPROMOTE HOME OWNERSHIP & AFFORDABLE HOUSING TO ALLEVIATE NEIGHBORHOOD BLIGHT IN TARGETED LOW AND MODERATE INCOME ARES. WORK WITH LOW-INCOME INDIVIDUALS TO HELP THEM OBTAIN AND RETAIN HOME OWNERSHIP, FACILITATE HOMEOWNER REPAIR GRANTS AND TAX RETURN PREPARATION.

EIN
38-3326468
State
MI
Sector
Housing & shelter
Budget band
$500K–$1M
Latest filing
TY 2024
Records
1 officers · 5 years

Financial snapshot · TY 2024

$725K
Total revenue
$619K
Total expenses
$569K
Net assets

Financial health · TY 2024

57
Moderate financial health
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
15
2.7 months of expenses
Program efficiency
100
97.1% spent on programs
Revenue diversity
58
Mix of program fees, grants & contributions

Leadership compensation

Helen Lehman
EXECUTIVE DIRECTOR
$81,061
48th percentile vs. peers

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New Development Corporation Executive Compensation | 990 Data | DoubleNine