NEW DEVELOPMENT CORPORATION
635 COLLEGE AVE NE, GRAND RAPIDS, MI 49503 www.newdevelopmentcorp.org

Total Revenue
$104,790
Total Expenses
$98,140
Net Assets
$76,924

Organizations Filed Purposes: PROMOTE HOME OWNERSHIP & AFFORDABLE HOUSING, ALLEVIATE NEIGHBORHOOD BLIGHT IN TARGETED LOW & MODERATE INCOME AREA, WORK WITH LOW INCOME INDIVIDUALS TO HELP THEM OBTAIN HOME OWNERSHIP.

REHABILIATION OF DILAPIDETED HOMES TO BRING TO CITY CODE. PRICE AND SELL HOME TO INCOME QUALIFIED BUYERS. THE HOMES ARE RETURNED TO PRIVATE OWNERSHIP AND OCCUPIED BY QUALIFIED OWNERS. THE CITY TAX BASE IS INCREASED BY RISING HOME VALUE AS WELL AS AN INCREASE IN VALUE OF SURROUNDING PROPERTIES. HOMES ARE AFFORDABLY PRICED AT MARKET VALUE ALLOWING LOW/MODERATE INDIIDUALS TO AQUIRE STABLE, QUALITY HOUSING. ONE PROPERTY SOLD IN 2020 DUE TO THE COVID 19 RESTRICTIONS

NEP PROJECT- NEIGHBORHOOD ENHANCEMENT PROGRAM AWARDS SMALLGRANTSTO INCOME ELIGIBLE HOMEOWNERS FOR "CURB APPEAL" REPAIRS TO THEIR HOMES. THIS PROGRAM IS FUNDED THROUGH MSHDA

TAX PREPARATION PROGRAM - ASSIST LOW/MODERATE INCOME TAX FILES COMPLETE AND FILE INCOME TAX RETURNS. HELP INDIVIDUALS BENEFIT FROM THE MICHIGAN HOMESTEAD PROPERTY TAX CREDIT. THIS PROGRAM RETURNS DOLLARS TO THE COMMUNITY ASSIST WITH HOME OWNERSHIP AND MEINTAINANCE.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Helen LehmanEXECUTIVE DIRECTOR20$26,203
Kate DorseyDIRECTOR1$0
Glenn DisowayDIRECTOR1$0
Thomas DeschaineDIRECTOR1$0
George Davis IiiDIRECTOR1$0
Shaquille AnthonyDIRECTOR1$0
Carol HennessyTREASURER2$0
Janelle VandergriftSECRETARY2$0
Aj FosselVICE PRESIDENT2$0
Emily CauzilloPRESIDENT2$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202141319349303609_public.xml