2024-03-22T14:21:53-04:00 2023-06-30 581484212 HOWARD MOORE & MCDUFFIE PC PO BOX 4547 MACON GA 31208 990 2022-07-01 582273893 NEWTOWN MACON INC NEWT 4787229909 555 POPLAR STREET MACON GA 312013320 JOSHUA M ROGERS PRESIDENT & CEO 4787229909 2024-03-20 true JOSHUA M ROGERS 999009999 true GEORGIA G SLAGLE P00083775 4787425317 2024-03-22 2022 2023-04-26 12:10:37Z JOSHUA M ROGERS 555 POPLAR STREET MACON GA 31201 4283149 false X WWW.NEWTOWNMACON.COM X 1998 GA INVEST TIME, RESOURCES, AND MONEY IN LOCAL PEOPLE AND BUSINESSES TO REVITALIZE DOWNTOWN MACON. 28 22 16 175 -256259 7805828 2422627 1772876 609546 270735 549281 -35785 -242834 9813654 3338620 23166 56290 0 1108015 1128365 0 197150 2138615 1728446 3269796 2913101 6543858 425519 32465436 36186795 12922122 14939578 19543314 21247217 X INVEST TIME, RESOURCES, AND MONEY IN LOCAL PEOPLE AND BUSINESSES TO REVITALIZE DOWNTOWN MACON. false false 1112278 760215 COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI): NEWTOWN MACON (THROUGH ITS SUBSIDIARY NEWTOWN LOANS, LLC) HAS BEEN DESIGNATED BY THE U.S. DEPARTMENT OF THE TREASURY AS A CDFI. THE CDFI FACILITATES THE LARGER STRATEGY OF INCREASING DOWNTOWN RESIDENTS BY FUNDING LOFT DEVELOPMENT THROUGH THE REAL ESTATE LOAN FUND AND GROWING JOBS BY PROVIDING CAPITAL AND MENTORING TO ENTREPRENEURS. THE REAL ESTATE LOAN FUND WAS ESTABLISHED IN PARTNERSHIP WITH THE MACON- BIBB URBAN DEVELOPMENT AUTHORITY AND MACON-BIBB COUNTY. WE USE BOND FUNDS IN VIABLE RESIDENTIAL PROJECTS TO CLOSE THE GAP BETWEEN SOURCES OF FUNDS (INCLUDING OWNER EQUITY, TRADITIONAL FINANCING AND HISTORIC TAX CREDITS) AND THE ACTUAL COST TO REHABILITATE OR BUILD REAL ESTATE DEVELOPMENTS DOWNTOWN. AT THE END OF THE FISCAL YEAR, THE CFI HAD 8.8 MILLION OF LOANS IN SERVICE ON PROJECTS. IN TOTAL, CDFI'S REAL ESTATE LOANS PRODUCED PROJECTS WITH MARKET VALUES OF 115 MILLION, EXPECTED TO PRODUCE 371 RESIDENTIAL LOFTS AND REHABILITATE OVER 695,477 SQUARE FEET OF UNDERUTILIZED BUILDINGS. THE CDFI ALSO PROVIDES SUPPORT FOR ENTREPRENEURS. WE OFFER A VARIETY OF SERVICES INCLUDING SHEPHERDING APPLICANTS THROUGH THE PERMIT PROCESS, ONE- ON-ONE MENTORSHIP COUNSELING, AND ACCESS TO CAPITAL THROUGH LOANS, EQUITY INVESTMENTS AND JOINT VENTURES. OUR STAFF SERVED OVER 600 INDIVIDUAL ENTREPRENEURS DURING THE YEAR THROUGH A COMPREHENSIVE SET OF INDIVIDUAL AND GROUP TRAINING PROGRAMS. IN TOTAL BY THE END OF THE FISCAL YEAR, THE CDFI HAD CLOSED NINETEEN BUSINESS LOANS, FOR A TOTAL OF APPROXIMATELY 1.7 MILLION. THESE SERVICES ATTRACT BUSINESSES TO DOWNTOWN, VERIFIED BY A TOTAL OF 6 NET NEW BUSINESSES OPENING IN DOWNTOWN MACON DURING THE FISCAL YEAR. 828857 56290 84105 CREATING A SENSE OF PLACE: A DESIRABLE NEIGHBORHOOD IS BOTH LIVABLE AND WALKABLE, SO NEWTOWN MACON IS PROMOTING THE DOWNTOWN LIFESTYLE AND PROVIDING RECREATIONAL ACTIVITIES. NEWTOWN PROMOTES A SENSE OF PLACE BY MANAGING FIRST FRIDAY EVENTS, BEAUTIFYING THE STREETS, PROMOTING DOWNTOWN EVENTS, AND PROMOTING THE DEVELOPMENT OF THE OCMULGEE HERITAGE TRAIL. NEWTOWN MACON ALSO PROMOTES DOWNTOWN LIVING THROUGH MARKETING AND BRANDING, AND BY HELPING PEOPLE FIND A PLACE TO LIVE THROUGH THE LOFT FINDER ONLINE SERVICE AT NEWTOWNMACON.COM/LOFT-FINDER. THROUGH THESE STRATEGIES, DOWNTOWN MACON IS ATTRACTING NEW RESIDENTS. WE ENDED THE YEAR AT OUR GOAL OF 85% OCCUPANCY WITHIN DOWNTOWN MACON'S LOFT RENTAL UNITS. 281918 123381 THE OCMULGEE HERITAGE TRAIL (OHT) OHT CONTINUES TO BE ONE OF OUR MAIN FOCUSES AS A PUBLIC/PRIVATE PARTNERSHIP. NEWTOWN MACON RUNS AN ADVISORY COMMITTEE TO PLAN AND MANAGE EXPANSION AND IMPROVEMENT OF THE TRAIL SYSTEM AND RAISE PRIVATE FUNDS TO ENABLE THESE IMPROVEMENTS THROUGH THE OHT CONSTRUCTION FUND. ONCE IMPROVEMENTS ARE COMPLETE, NEWTOWN TURNS THE IMPROVEMENTS OVER TO LOCAL GOVERNMENT TO RUN AS PUBLIC PARK SPACE IN PERPETUITY. THE COMMITTEE IS WORKING TO FINALIZE A NEW MASTER PLAN TO GUIDE THE NEXT TWENTY-FIVE YEARS OF TRAIL DEVELOPMENT. 137876 -51708 GROWING JOBS AND INCREASING RESIDENTS: ONE OF THE MOST TRANSFORMATIVE WAYS NEWTOWN MACON IS CHANGING DOWNTOWN IS BY TURNING VACANT, DILAPIDATED BUILDINGS INTO BEAUTIFUL, USEFUL SPACES. NEWTOWN IS GROWING JOBS AND INCREASING RESIDENTS BY PROTECTING ENDANGERED BUILDINGS THROUGH THE TRANSITIONAL PROPERTY FUND (TPF). THIS FUND ALLOWS A BUILDING OWNER TO DONATE OR PARTIALLY DONATE A BUILDING TO NEWTOWN, AND NEWTOWN MATCHES THE BUILDING TO CAPABLE DEVELOPERS. THE TPF HELD ONE PROPERTY DURING THE FISCAL YEAR FOR FUTURE DEVELOPMENT, WHICH IS A DEVELOPABLE RIVERFRONT LOT AT 167 RIVERSIDE DR. ONE PROPERTY PREVIOUSLY HELD BY THE TPF REMAINED IN THE DEVELOPMENT PROCESS DURING THE FISCAL YEAR: 476 SECOND STREET, WHICH IS UNDER CONSTRUCTION FOR LOFTS AND A RETAIL TENANT. THE TPF COMPLETED THE REHABILITATION OF ONE PREVIOUSLY ABANDONED BUILDING AND RETURNED THIS BUILDING TO SERVICE DURING THE YEAR: 536 THIRD ST., WHICH NOW CONTAINS 28 RENTAL LOFTS AND THREE STOREFRONTS. THE TPF CONTINUED TO INDEPENDENTLY OWN AND REHABILITATE 455 THIRD ST., A HISTORIC THEATRE. TWO PREVIOUSLY-REHABILITATED TPF PROJECTS REMAINED UNDER SHARED OWNERSHIP INCLUDING A BOUTIQUE HOTEL AT 350 SECOND ST. AND A MIXED-USE BUILDING AT 596 CHERRY ST. PREVIOUS TPF PROJECTS INCLUDE: 518-530 CHERRY ST. (TRAVIS JEAN), 552-580 CHERRY ST. (LAMAR LOFTS), 566 POPLAR ST., 546 POPLAR ST., 382 SECOND ST. (CAPITOL THEATRE), 555 POPLAR ST., 454 TERMINAL AVE., 360 SIXTH ST., RIVERSIDE DR. ASSEMBLAGE, 300 CHERRY ST. (SPORTS HALL),745 POPLAR ST. (SHRINE TEMPLE), 461 THIRD ST., AND 540 MARTIN LUTHER KING, JR. BLVD. (MERCER MUSIC AT CAPRICORN). 137876 -51708 2360929 true true false false false false true false false true true true true false false true true false false false false false false false false false false true true true false false false true false false true true false false false false true true false false false true 24 0 16 true true true false false false false false false false false false false false false false X 28 22 false false false false false false false true true false false true true true true true true true true false GA X JAMES FRITZE 4787229909 555 POPLAR STREET MACON GA 31201 JOSHUA M ROGERS PRESIDENT & 40.00 X 202128 0 11185 JAMES FRITZE CFO 40.00 X 124466 0 15067 VIRGIL ADAMS DIRECTOR 1.00 X 0 0 0 GARY BECHTEL DIRECTOR 1.00 X 0 0 0 EMBER BENTLEY DIRECTOR 1.00 X 0 0 0 LORI BREWER DIRECTOR 1.00 X 0 0 0 JIM DAWS DIRECTOR 1.00 X 0 0 0 R KRIS ELLIS DIRECTOR 1.00 X 0 0 0 DELVECCHIO FINLEY DIRECTOR 1.00 X 0 0 0 RON FOSTER DIRECTOR 1.00 X 0 0 0 CARYN FREY DIRECTOR 1.00 X 0 0 0 DR R KIRBY GODSEY CHAIR EMERIT 1.00 X 0 0 0 CORRIE HALL DIRECTOR 1.00 X 0 0 0 PATRICK HARRIS DIRECTOR 1.00 X 0 0 0 ROBERT F HATCHER SECRETARY 5.00 X X 0 0 0 CURTIS HERTWIG DIRECTOR 1.00 X 0 0 0 ANNISA JONES DIRECTOR 1.00 X 0 0 0 KAREN LAMBERT VICE CHAIR 5.00 X X 0 0 0 BRUCE LEICHT TREASURER 5.00 X X 0 0 0 BLAKE LISENBY OF COUNSEL 5.00 X 0 0 0 LESTER MILLER DIRECTOR 1.00 X 0 0 0 EMILY MYERS DIRECTOR 1.00 X 0 0 0 BRYAN NICHOLS DIRECTOR 1.00 X 0 0 0 CHRISTINA O'BRIEN DIRECTOR 1.00 X 0 0 0 JACOB PATTON DIRECTOR 1.00 X 0 0 0 SCOTT SEIGEL DIRECTOR 1.00 X 0 0 0 CHRIS R SHERIDAN CHAIR OHT CO 5.00 X 0 0 0 DAVID THOMPSON DIRECTOR 1.00 X 0 0 0 WILLIAM UNDERWOOD CHAIR 5.00 X X 0 0 0 JESSICA WALDEN DIRECTOR 1.00 X 0 0 0 THOMAS WICKER PAST CHAIR 1.00 X 0 0 0 326594 26252 2 false true false RDG VENTURES LLC PO BOX 5146 MACON GA 31208 354962 BLOCK BY BLOCK PO BOX 643873 CINCINNATI OH 452643873 CONSTRUCTION 337278 2 117500 571000 1734127 2422627 DEVELOPMENT FEE 522292 377400 377400 INTEREST FROM CDFI PROGRAM 522292 124231 124231 PERFORMANCE CONTRACTS 541200 91296 91296 TUITION ENTREPRENEUR EDUC. 611430 8413 8413 ORIGINATION FEE CDFI PROGRAMS 522292 8206 8206 609546 939849 939849 362749 553961 -191212 -191212 -5410 -185802 390568 -390568 -390568 -390568 OTHER INCOME 900099 18835 18835 SPEARMAN LOFTS OPERATING, LLC 531120 -315 -315 NEWTOWN UBIT, LLC 531120 -70142 -70142 -51622 3338620 1153417 -256259 18835 X 21240 21240 35050 35050 407540 183135 138256 86149 569629 466420 41974 61235 33798 28559 1541 3698 45072 30235 8111 6726 72326 50862 11734 9730 1250 1250 35522 33191 2331 45813 45813 47116 47116 488769 479443 9326 58742 50012 3720 5010 72199 33062 37620 1517 44323 44323 100422 99109 862 451 43786 39228 4558 43534 20104 796 22634 450033 450033 34992 34992 48018 34630 13388 PROVISION FOR LOAN LOSSES 124739 124739 PROGRAM SUPPLIES 89188 89188 2913101 2360929 355022 197150 X 1092061 392266 4862730 6150890 7548323 6024868 8500 63150 1900805 2365878 99413 482035 772345 7023 1803 5654622 715943 4477911 4938679 3407587 6097273 2860705 3499655 5817756 5775575 5000 32465436 36186795 386872 124651 1344094 1227796 2764061 2141514 8427095 11445617 12922122 14939578 X 3216831 4281193 16326483 16966024 19543314 21247217 32465436 36186795 X 425519 798896 479488 X false true X true false X 917534 1362801 4728680 7805828 2422627 17237470 917534 1362801 4728680 7805828 2422627 17237470 7652625 9584845 259632 325124 341469 621722 1302598 2850545 2679 8804 76663 64310 -51622 100834 20188849 5998639 0.47480 0.44050 X PART II, LINE 10 100,834 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 2 1.00 2 1 false false 11386779 993026 738496 1020563 12097737 10019215 2826788 -970211 489013 11386779 5311602 3673969 1202585 168941 10019215 5405581 66568 -5958 154589 5311602 3291232 25350 155023 141023 5405581 0.04940 0.12400 0.82660 false false 473931 473931 4596688 591572 4005116 211817 94901 116916 372186 29470 342716 4938679 BENEF INTEREST IN COMM FOUND 2382168 F INTEREST IN PARTNERSHIPS 1117487 C 3499655 PROGRAM LOANS RECEIVABLE 5775575 C 5775575 X 4519772 798896 102107 327265 1228268 3291504 47116 47116 3338620 2916371 102107 509673 611780 2304591 47116 561394 608510 2913101 SCHEDULE D, PAGE 1, PART II, LINE 9 THE ORGANIZATION INCLUDED RESTRICTED COVENANTS IN TWO CONTRACTS FOR THE SALE OF BUILDINGS DURING THE YEARS ENDED 6/30/14 AND 6/30/16. THIS CONDITION OF THE SALE IS MEANT TO ENSURE THAT THE EXTERIOR OF THE BUILDINGS ARE WELL MAINTAINED. THE ORGANIZATION HAS A WRITTEN POLICY FOR MONITORING THE COVENANTS, AND EMPLOYEES OF NEWTOWN MACON WORK CLOSELY WITH THE BUILDING OWNERS TO ENSURE THAT THE TERMS OF THE COVENANT ARE ADHERED TO. THE BUILDINGS ARE NEARBY TO THE NEWTOWN MACON OFFICE. BECAUSE THE COVENANTS HAVE NO MONETARY VALUE, NO VALUE IS RECOGNIZED IN THE ORGANIZATION'S FINANCIAL STATEMENTS. SCHEDULE D, PAGE 2, PART V, LINE 4 NEWTOWN MACON HELD TWO ENDOWMENTS DURING THE YEAR. THE FIRST ENDOWMENT REPRESENTS A DONOR-RESTRICTED FUND WHEREBY THE CORPUS IS PERMANENTLY RESTRICTED, AND EARNINGS ON THE INVESTED FUNDS ARE USED FOR THE MAINTENANCE OF THE OCMULGEE HERITAGE TRAIL. THE SECOND FUND INCLUDES DONOR-RESTRICTED CONTRIBUTIONS AND BOARD DESIGNATED FUNDS. THE FUND IS USED TO COLLATERALIZE A LINE OF CREDIT WHICH PROVIDES LOANS TO LOCAL BUSINESS OWNERS. THE BOARD OF DIRECTORS HAS ADOPTED AN INVESTMENT AND DISBURSEMENT POLICY FOR BOTH ENDOWMENT FUNDS. SCHEDULE D, PAGE 3, PART X THE ORGANIZATION BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. SCHEDULE D, PAGE 4, PART XI, LINE 2D RENTAL EXPENSES 509,673 CDFI PROGRAM EXPENSES -561,398 BOOK TO TAX DIFFERENCE IN PARTNERSHIP INCOME 378,990 SCHEDULE D, PAGE 4, PART XI, LINE 4B BOOK TO TAX DIFFERENCE IN PARTNERSHIP LOSSES 0 SCHEDULE D, PAGE 4, PART XII, LINE 2D RENTAL EXPENSES 509,673 SCHEDULE D, PAGE 4, PART XII, LINE 4B CDFI PROGRAM EXPENSES 561,398 ROUNDING -4 true MACON POPS 540 MARTIN LUTHER KING JR BLVD MACON GA 31201 471312704 501C3 10000 GENERAL SUPPORT 11 CLOSING COSTS REAL ESTATE 1 7500 PROGRAM AWARDS 8 27550 SCHEDULE I, PAGE 4, PART IV NEWTOWN MACON, INC MAINTAINS RECORDS TO SUBSTANTIATE THE AMOUNT OF THE GRANTS OR ASSISTANCE THAT IT AWARDS TO ORGANIZATIONS AND INDIVIDUALS. THE POSSIBLE GRANTS ARE BROUGHT BEFORE THE BOARD AT BOARD MEETINGS AND THE BOARD MEMBERS VOTE ON WHETHER OR NOT TO AWARD THE GRANT AND DETERMINE THE GRANT AMOUNT BASED ON WHETHER THE GRANT SUPPORTS NEWTOWN MACON'S MISSIONS. NEWTOWN MACON REQUIRES PROOF FROM THE ENTITY RECEIVING THE GRANT THAT THE GRANT FUNDS WERE EXPENDED APPROPRIATELY. X true true X X X false false false false false false false false false JOSHUA M ROGERS PRESIDENT & CEO 202128 11185 213313 DAVID THOMPSON DIRECTOR CONSTRUCTION AT 664 SECOND ST. X 1022890 1017272 false true true ANISSA JONES DIRECTOR CONSTRUCTION AT 415 CHERRY ST. X 775014 765652 false true true PEYTON ANDERSON FOUNDATION VENTURES SUBSTANTIAL DONOR CONSTRUCTION AT 544 MULBERRY STREET X 733273 733273 false true true PEYTON ANDERSON FOUNDATION VENTURES SUBSTANTIAL DONOR CONSTRUCTION AT 455 THIRD STREET X 545202 493332 false true true KRIS ELLIS DIRECTOR CONSTRUCTION AT 468 SECOND ST. X 453000 431607 false true true DAVID THOMPSON DIRECTOR CONSTRUCTION AT 524 MULBERRY ST. X 212000 151347 false true true JAMES L FRITZE JR JAMES L FRITZE JR FAMILY OF OFFICER BUSINESS START UP X 99500 99413 false true true PEYTON ANDERSON FOUNDATION VENTURES SUBSTANTIAL DONOR CONSTRUCTION AT 682 CHERRY STREET X 2981849 1191 false true true 3693087 MARK THOMPSON FAMILY 26597 EMPLOYMENT false BRYAN NICHOLS DIRECTOR 247057 REIMBURSEMENTS false SCHEDULE L, PART V PART IV REIMBURSEMENTS TO BRYAN NICHOLS THIS BOARD MEMBER MANAGES MACON'S CHRISTMAS LIGHT EVENT ANNUALLY AS A PART OF NEWTOWN'S CREATING A SENSE OF PLACE MISSION. HE IS REIMBURSED FOR EXPENSES ASSOCIATED WITH PURCHASING, PLACEMENT AND STORAGE OF THE CHRISTMAS LIGHTS, PROPS, AND OTHER SUPPLIES FOR THIS EVENT. FORM 990, PAGE 2, PART III, LINE 4A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI): NEWTOWN MACON (THROUGH ITS SUBSIDIARY NEWTOWN LOANS, LLC) HAS BEEN DESIGNATED BY THE U.S. DEPARTMENT OF THE TREASURY AS A CDFI. THE CDFI FACILITATES THE LARGER STRATEGY OF INCREASING DOWNTOWN RESIDENTS BY FUNDING LOFT DEVELOPMENT THROUGH THE REAL ESTATE LOAN FUND AND GROWING JOBS BY PROVIDING CAPITAL AND MENTORING TO ENTREPRENEURS. THE REAL ESTATE LOAN FUND WAS ESTABLISHED IN PARTNERSHIP WITH THE MACON- BIBB URBAN DEVELOPMENT AUTHORITY AND MACON-BIBB COUNTY. WE USE BOND FUNDS IN VIABLE RESIDENTIAL PROJECTS TO CLOSE THE GAP BETWEEN SOURCES OF FUNDS (INCLUDING OWNER EQUITY, TRADITIONAL FINANCING AND HISTORIC TAX CREDITS) AND THE ACTUAL COST TO REHABILITATE OR BUILD REAL ESTATE DEVELOPMENTS DOWNTOWN. AT THE END OF THE FISCAL YEAR, THE CFI HAD 8.8 MILLION OF LOANS IN SERVICE ON PROJECTS. IN TOTAL, CDFI'S REAL ESTATE LOANS PRODUCED PROJECTS WITH MARKET VALUES OF 115 MILLION, EXPECTED TO PRODUCE 371 RESIDENTIAL LOFTS AND REHABILITATE OVER 695,477 SQUARE FEET OF UNDERUTILIZED BUILDINGS. THE CDFI ALSO PROVIDES SUPPORT FOR ENTREPRENEURS. WE OFFER A VARIETY OF SERVICES INCLUDING SHEPHERDING APPLICANTS THROUGH THE PERMIT PROCESS, ONE- ON-ONE MENTORSHIP COUNSELING, AND ACCESS TO CAPITAL THROUGH LOANS, EQUITY INVESTMENTS AND JOINT VENTURES. OUR STAFF SERVED OVER 600 INDIVIDUAL ENTREPRENEURS DURING THE YEAR THROUGH A COMPREHENSIVE SET OF INDIVIDUAL AND GROUP TRAINING PROGRAMS. IN TOTAL BY THE END OF THE FISCAL YEAR, THE CDFI HAD CLOSED NINETEEN BUSINESS LOANS, FOR A TOTAL OF APPROXIMATELY 1.7 MILLION. THESE SERVICES ATTRACT BUSINESSES TO DOWNTOWN, VERIFIED BY A TOTAL OF 6 NET NEW BUSINESSES OPENING IN DOWNTOWN MACON DURING THE FISCAL YEAR. FORM 990, PAGE 2, PART III, LINE 4D GROWING JOBS AND INCREASING RESIDENTS: ONE OF THE MOST TRANSFORMATIVE WAYS NEWTOWN MACON IS CHANGING DOWNTOWN IS BY TURNING VACANT, DILAPIDATED BUILDINGS INTO BEAUTIFUL, USEFUL SPACES. NEWTOWN IS GROWING JOBS AND INCREASING RESIDENTS BY PROTECTING ENDANGERED BUILDINGS THROUGH THE TRANSITIONAL PROPERTY FUND (TPF). THIS FUND ALLOWS A BUILDING OWNER TO DONATE OR PARTIALLY DONATE A BUILDING TO NEWTOWN, AND NEWTOWN MATCHES THE BUILDING TO CAPABLE DEVELOPERS. THE TPF HELD ONE PROPERTY DURING THE FISCAL YEAR FOR FUTURE DEVELOPMENT, WHICH IS A DEVELOPABLE RIVERFRONT LOT AT 167 RIVERSIDE DR. ONE PROPERTY PREVIOUSLY HELD BY THE TPF REMAINED IN THE DEVELOPMENT PROCESS DURING THE FISCAL YEAR: 476 SECOND STREET, WHICH IS UNDER CONSTRUCTION FOR LOFTS AND A RETAIL TENANT. THE TPF COMPLETED THE REHABILITATION OF ONE PREVIOUSLY ABANDONED BUILDING AND RETURNED THIS BUILDING TO SERVICE DURING THE YEAR: 536 THIRD ST., WHICH NOW CONTAINS 28 RENTAL LOFTS AND THREE STOREFRONTS. THE TPF CONTINUED TO INDEPENDENTLY OWN AND REHABILITATE 455 THIRD ST., A HISTORIC THEATRE. TWO PREVIOUSLY-REHABILITATED TPF PROJECTS REMAINED UNDER SHARED OWNERSHIP INCLUDING A BOUTIQUE HOTEL AT 350 SECOND ST. AND A MIXED-USE BUILDING AT 596 CHERRY ST. PREVIOUS TPF PROJECTS INCLUDE: 518-530 CHERRY ST. (TRAVIS JEAN), 552-580 CHERRY ST. (LAMAR LOFTS), 566 POPLAR ST., 546 POPLAR ST., 382 SECOND ST. (CAPITOL THEATRE), 555 POPLAR ST., 454 TERMINAL AVE., 360 SIXTH ST., RIVERSIDE DR. ASSEMBLAGE, 300 CHERRY ST. (SPORTS HALL),745 POPLAR ST. (SHRINE TEMPLE), 461 THIRD ST., AND 540 MARTIN LUTHER KING, JR. BLVD. (MERCER MUSIC AT CAPRICORN). FORM 990, PAGE 6, PART VI, LINE 11B THE CFO AND CEO REVIEW THE FORM 990. IT IS THEN PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL BEFORE THE RETURN IS FILED. FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD AND STAFF FILL OUT QUESTIONNAIRES ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G ARCHITECTURE AND DESIGN 39,915 0 0 CONSTRUCTION 188,238 0 0 CONSULTING 104,170 0 0 OTHER PROFESSIONAL FEES 147,120 9,326 0 TOTAL 479,443 9,326 0 FORM 990, PART X LINE 24 - UNSECURED NOTES AND LOANS PAYABLE TO UNRELATED THIRD PARTIES. AS PART OF A PRIVATE/PUBLIC PARTNERSHIP EFFORT TO RENOVATE, REHABILITATE AND RECONFIGURE SEVERAL BUILDINGS IN DOWNTOWN MACON, NEWTOWN'S SUBSIDIARY URBAN DEVELOPMENT CONCEPTS, LLC ENTERED INTO AN AGREEMENT WITH THE MACON - BIBB COUNTY URBAN DEVELOPMENT AUTHORITY TO MANAGE THOSE PROJECTS. THE PROJECTS ARE PARTIALLY FUNDED WITH COUNTY REVENUE BONDS WHICH ARE NOT TAX-EXEMPT. SOME OF THE BUILDINGS INCLUDED IN THE PROJECT ARE OWNED BY LOCAL BUSINESSES. THE MANAGEMENT AGREEMENT BETWEEN THE SUBSIDIARY AND THE DEVELOPMENT AUTHORITY NAMES THE SUBSIDIARY AS GUARANTOR OF THE DEBT. IN ADDITION, ONE OF THE SUBSIDIARY'S CONTRACTUAL DUTIES UNDER THE AGREEMENT IS TO COLLECT LOAN PAYMENTS FROM PROPERTY OWNERS AND REMIT THE PAYMENTS TO THE COUNTY DEBT RESERVE FUND AS REPAYMENT OF ALL DISBURSED BOND PROCEEDS AND RELATED ACCRUED INTEREST. HOWEVER, THIS OBLIGATION IS LIMITED ONLY TO THE SUBSIDIARY AND IS NOT A GENERAL OBLIGATION OF NEWTOWN MACON, INC. ALSO, THE SUBSIDIARY'S ONLY ASSETS ARE SECURITY INTERESTS IN THE PROPERTIES RECEIVING THE LOAN FUNDS. FORM 990, PART XI, LINE 9 BOOK TO TAX PARTNERSHIP DIFFERENCE 378,990 NONCONTROLLING INTEREST PARTNERSHIP CONTRIBUTION 104,671 INCREASE ATTRIBUTED TO NONCONTROLLING INTEREST -4,173 TOTAL 479,488 UDC REALTY LLC 555 POPLAR ST MACON GA 31201 203966010 PROP. MGMT GA 28058 277103 NA UDC MANAGEMENT LLC 555 POPLAR ST MACON GA 31201 582273893 PROP. MGMT GA NA NEWTOWN MACON PROFITS LLC 555 POPLAR ST MACON GA 31201 474828165 PROP. MGMT GA 65 319115 NA URBAN DEVELOPMENT CONCEPTS LLC 555 POPLAR ST MACON GA 31201 320442365 LOAN MGMT GA 530270 866878 N/A 544 MULBERRY-GROUND FLOOR LLC 555 POPLAR ST MACON GA 31201 823870890 PROP. 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THOSE PARTNERSHIPS REPORTED K-1 FORMS TO NEWTOWN UBIT, LLC FOR CALENDAR YEAR 2022. NEWTOWN UBIT, LLC IS TAXED AS AN S CORPORATION AND FILED FORM 1120-S FOR 2022. EARNINGS FROM THAT ENTITY WERE PASSED THROUGH TO NEWTOWN MACON, INC. ON FROM K-1 AND REPORTED ON FORM 990-T FOR 2022. INCOME, ASSETS AND TRANSACTIONS WITH THOSE PARTNERSHIPS HAS BEEN REPORTED AS COMBINED TOTALS FOR NEWTOWN UBIT, LLC IN PART IV AND PART V. 596 CHERRY MANAGEMENT, LLC EIN 38-4068509 350 SECOND, LLC EIN 30-1166198 536 THIRD MANAGEMENT, LLC EIN 84-2016251 461 THIRD, LLC EIN 35-2629324 425 CHERRY, LLC EIN 87-4233317