2023-11-15T19:18:07-05:00 2022-12-31 208019714 JDS PROFESSIONAL GROUP 10303 E DRY CREEK RD STE 400 ENGLEWOOD CO 80112 990 2022-01-01 742275534 NEWSED COMMUNITY DEVELOPMENT CORP INC NEWS 3035348342 901 W 10TH AVE SUITE 2A DENVER CO 80204 ANDREA BARELA PRESIDENT & CEO 3035348342 2023-11-15 true ANDREA BARELA 999009999 false LORI B BAUER CPA P01260252 3037710123 2023-11-15 2022 2023-04-26 12:10:37Z X ANDREA BARELA 901 W 10TH AVE SUITE 2A DENVER CO 80204 1659395 false X WWW.NEWSED.ORG X 1983 CO NEWSED COMMUNITY DEVELOPMENT CORPORATION, INC. (NEWSED CDC) WAS CREATED TO DEVELOP LOW INCOME HOUSING OPPORTUNITES, TO IDENTIFY AND ELIMINATE DISCRIMINATION IN THE HOUSING AREA, AND TO RAISE ECONOMIC, EDUCATIONAL, CULTURAL AND SOCIAL LEVEL OF THE RESIDENTS ON THE CITY AND COUNTY OF DENVER . 11 10 14 20 0 1134737 831480 247901 575808 119068 28658 126236 -247933 1627942 1188013 0 0 550051 650675 0 46840 460795 1035502 1010846 1686177 617096 -498164 8866645 8421246 3471281 3179078 5395364 5242168 X NEWSED COMMUNITY DEVELOPMENT CORPORATION, INC. (NEWSED CDC) WAS CREATED TO DEVELOP LOW INCOME HOUSING OPPORTUNITES, TO IDENTIFY AND ELIMINATE DISCRIMINATION IN THE HOUSING AREA, AND TO RAISE ECONOMIC, EDUCATIONAL, CULTURAL AND SOCIAL LEVEL OF THE RESIDENTS ON THE CITY AND COUNTY OF DENVER . false false 899361 HOUSING DEVELOPMENT: NEWSED CDC PURCHASES, REPAIRS, AND RESELLS FORMERLY FORECLOSED HOMES FROM PRIVATE LENDERS TO INCOME ELIGIBLE HOUSEHOLDS. REAL ESTATE DEVELOPMENT: NEWSED CDC DEVELOPS COMMERCIAL, RESIDENTIAL AND MIXED USE REAL ESTATE. IN TOTAL, NEWSED CDC HAS DEVELOPED OVER 650,000 SQUARE FEET OF HOUSING AND RETAIL/COMMERCIAL REAL ESTATE OVER THE LAST THREE DECADES. 362633 HOMEOWNERSHIP COUNSELING: SINCE THE BEGINNING OF NEWSED CDC'S HOME BUYER COUNSELING PROGRAM OVER ONE THOUSAND CLIENTS HAVE BEEN SUCCESSFULLY TRANSITIONED INTO HOMEOWNERSHIP. FORECLOSURE COUNSELING: NEWSED CDC PROVIDES FORECLOSURE PREVENTION COUNSELING TO THOSE FACING THIS FINANCIAL CRISIS. OUR HIGHLY TRAINED AND EXPERIENCED COUNSELORS HAVE WORKED WITH HUNDREDS OF CLIENTS. HOMEBUYER WORKSHOPS & ONLINE EDUCATION: NEWSED CDC'S HOMEBUYER WORKSHOPS ARE DESIGNED TO HELP NAVIGATE THE PATH TO HOMEOWNERSHIP FOR FREE. NEWSED CDC ONLINE EDUCATION COURSES WERE DEVELOPED BY A HUD CERTIFIED NONPROFIT AGENCY AND AFTER COMPLETION, THE CLIENT WILL MEET CHFA REQUIREMENTS. NEWSED CDC WORKS IN COLLABORATION WITH COMMUNITY FINANCIAL PARTNERS TO OFFER A SERIES OF FINANCIAL CLASSES. THE CLASSES ARE DESIGNED TO HELP PARTICIPANTS IMPROVE THEIR OVERALL AND LONG-TERM FINANCIAL SITUATION. PARTICIPANTS ARE PROVIDED WITH THE BASICS OF MONEY MANAGEMENT TO BE ABLE TO INCREASE THEIR SAVINGS AND ACCOMPLISH THEIR FINANCIAL GOALS. 172132 575808 PROPERTY MANAGEMENT: MAINTAIN HOUSING PROJECTS IN THE DENVER AREA SPECIFICALLY DESIGNED TO SUPPORT LOW-INCOME HOUSEHOLDS. 1434126 true false false false false false false false false false true false false false true false false false false false false false false false true false false false false false false false false false false true false false true false false false true true true false false false true 24 0 true 14 true false false false false false false false false false false false false X 11 10 false false false false false false false true true false false false true true false true true true false true true CO X X THE ORGANIZATION 3035348342 901 W 10TH AVE 2A DENVER CO 80204 NICOLE MARQUEZ CHAIR 0.50 X X 0 0 0 JENNIFER BREZICHA TREASURER 0.50 X X 0 0 0 SARAH GEIS SECRETARY 0.50 X X 0 0 0 JOSE ARAGON DIRECTOR 0.50 X 0 0 0 STEVE CHAVEZ DIRECTOR 0.50 X 0 0 0 JESSE OGAS DIRECTOR 0.50 X 0 0 0 LARRY MARTINEZ DIRECTOR 0.50 X 0 0 0 MARIE ESQUEDA DIRECTOR 0.50 X 0 0 0 JON PETERSON DIRECTOR 0.50 X 0 0 0 GREG TOTTEN DIRECTOR 0.50 X 0 0 0 ANDREA BARELA PRESIDENT & 40.00 X X 95000 0 0 95000 false false false 308862 451724 70894 65377 831480 PROPERTY MANAGEMENT 531110 572943 572943 MANAGEMENT FEES 531310 2865 2865 575808 28658 28658 190921 308862 471382 -280461 -280461 MISCELLANEOUS INCOME 531390 32528 32528 32528 1188013 608336 -251803 X 95000 77790 11972 5238 463269 379346 58381 25542 48085 39037 6294 2754 44321 34756 6654 2911 172165 66016 104660 1489 18039 14710 2316 1013 34727 29877 3374 1476 8750 8750 8644 6656 1383 605 21172 21172 115779 115779 81244 77485 2615 1144 UTILITIES 165048 165048 BUILDING MAINT AND REPAIR 165034 165034 PROPERTY TAXES 107747 107747 MANAGEMENT FEES 75780 75780 61373 49143 7562 4668 1686177 1434126 205211 46840 978335 711164 693896 80895 2965780 3558530 12692 96625 6371054 2769111 3442778 3601943 31468 741696 372089 8866645 8421246 324680 394557 183000 18126 3693 2709589 2543267 235886 237561 3471281 3179078 X 4312264 4159068 1083100 1083100 5395364 5242168 8866645 8421246 -498164 344968 X false false X 561457 662851 511256 1243602 831480 3810646 561457 662851 511256 1243602 831480 3810646 3810646 105961 108261 112813 119068 28658 474761 -182263 85231 30015 265272 32528 230783 4516190 2703317 0.84380 0.70590 X PART II, LINE 10 230,783 212825 212825 5963171 2651818 3311353 116128 43575 72553 78930 73718 5212 3601943 FUNDS HELD FOR INTENDED USE 186846 SECURITY DEPOSITS 50715 237561 1188013 1188013 1188013 1686177 1686177 1686177 CINCO DE MAYO 412388 245633 166755 424202 CIVIL RIGHTS AW 63229 63229 29621 1 24166 24166 17559 499783 308862 190921 471382 471382 -280461 VERONICA BARELA FAMILY MEMBER 95000 COMPENSATION false X MISC IN KIND 1 65377 FMV false false false FORM 990 - ORGANIZATION'S MISSION NEWSED COMMUNITY DEVELOPMENT CORPORATION, INC. (NEWSED CDC) WAS CREATED TO DEVELOP LOW INCOME HOUSING OPPORTUNITES, TO IDENTIFY AND ELIMINATE DISCRIMINATION IN THE HOUSING AREA, AND TO RAISE ECONOMIC, EDUCATIONAL, CULTURAL AND SOCIAL LEVEL OF THE RESIDENTS ON THE CITY AND COUNTY OF DENVER . FORM 990, PAGE 2, PART III, LINE 4B HOMEOWNERSHIP COUNSELING: SINCE THE BEGINNING OF NEWSED CDC'S HOME BUYER COUNSELING PROGRAM OVER ONE THOUSAND CLIENTS HAVE BEEN SUCCESSFULLY TRANSITIONED INTO HOMEOWNERSHIP. FORECLOSURE COUNSELING: NEWSED CDC PROVIDES FORECLOSURE PREVENTION COUNSELING TO THOSE FACING THIS FINANCIAL CRISIS. OUR HIGHLY TRAINED AND EXPERIENCED COUNSELORS HAVE WORKED WITH HUNDREDS OF CLIENTS. HOMEBUYER WORKSHOPS & ONLINE EDUCATION: NEWSED CDC'S HOMEBUYER WORKSHOPS ARE DESIGNED TO HELP NAVIGATE THE PATH TO HOMEOWNERSHIP FOR FREE. NEWSED CDC ONLINE EDUCATION COURSES WERE DEVELOPED BY A HUD CERTIFIED NONPROFIT AGENCY AND AFTER COMPLETION, THE CLIENT WILL MEET CHFA REQUIREMENTS. NEWSED CDC WORKS IN COLLABORATION WITH COMMUNITY FINANCIAL PARTNERS TO OFFER A SERIES OF FINANCIAL CLASSES. THE CLASSES ARE DESIGNED TO HELP PARTICIPANTS IMPROVE THEIR OVERALL AND LONG-TERM FINANCIAL SITUATION. PARTICIPANTS ARE PROVIDED WITH THE BASICS OF MONEY MANAGEMENT TO BE ABLE TO INCREASE THEIR SAVINGS AND ACCOMPLISH THEIR FINANCIAL GOALS. FORM 990, PAGE 6, PART VI, LINE 11B MANAGEMENT OF THE ORGANIZATION REVIEWS THE 990 PRIOR TO FILING. THE RETURN IS AVAILABLE FOR THE BOARD TO REVIEW AT THEIR DISCRETION. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS HAS DIRECT OVERSIGHT OF THE PRESIDENT/CEO'S SALARY. ADDITIONALLY, THE BOARD APPROVES THE BUDGETS WHICH INCLUDE STAFF COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS ARE KEPT AT THE MAIN OFFICE OF THE ORGANIZATION AND ARE AVAILABLE UPON REQUEST. 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