Newsed Community Development Corporation Inc
DENVER, CO
Total revenue
$1.9M
Total expenses
$2.5M
Net assets
$2.6M
Grants received
$1.2M
26 grants
EIN
742275534
Tax year
2024
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 .
Programs
2 programs
Property management: maintain housing projects in the denver area specifically designed to support low-income households. 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.
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. Property management: maintain housing projects in the denver area specifically designed to support low-income households.
Financials
FY 2024
Revenue
Expenses
People
8 listed
ANDREA BARELA
PRESIDENT &
$110K
40 hrs/wk
MARIE ESQUEDA
VICE CHAIR
—
1 hrs/wk
GREG TOTTEN
SECRETARY
—
1 hrs/wk
RAY PENA
DIRECTOR
—
1 hrs/wk
SARAH GEIS
CHAIR
—
1 hrs/wk
JON PETERSON
DIRECTOR
—
1 hrs/wk
LARRY MARTINEZ
DIRECTOR
—
1 hrs/wk
WILLIAM MENDOZA
DIRECTOR
—
1 hrs/wk
Grants received
Showing 26 of 26
Funded by
$1.2M from 10 funders · 26 grants · 2017–2024
$348K · 6 grants · 2017–2023
$248K · 4 grants · 2019–2022
$174K · 4 grants · 2020–2024
$120K · 2 grants · 2020–2024
$95K · 1 grant · 2023
$72K · 2 grants · 2022–2023
$70K · 3 grants · 2020–2024
$50K · 2 grants · 2022–2024