Nonprofit · EIN 34-1674869
NEW HOME DEVELOPMENT CO INC
Tax-exempt · BRYAN, OH 43506
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,187,907 | $939,780 | $248,127 | $3,067,560 | $736,408 | $2,331,152 |
| June 30, 2024 | 990 | $851,565 | $874,222 | -$22,657 | $2,922,302 | $845,425 | $2,076,877 |
| June 30, 2023 | 990 | $1,231,703 | $817,399 | $414,304 | $2,985,899 | $886,365 | $2,099,534 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $321,776
- of which government grants
- $71,776
- Program service revenue
- $731,890
- Investment income
- $7,578
- Other revenue
- $126,663
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $114,917
- Other salaries and wages
- $395,947
- Salaries, compensation and benefits (total)
- $574,220
- Professional fundraising fees
- $0
- Occupancy
- $48,180
- Travel
- $10,351
- Depreciation
- $120,357
- Program services (functional)
- $689,109
- Management and general (functional)
- $250,671
Balance sheet and other
- Total assets, start of year
- $2,922,302
- Total assets, end of year
- $3,067,560
- Total liabilities, end of year
- $736,408
- Net assets, end of year
- $2,331,152
- Land, buildings and equipment
- $2,690,831
- Net assets without donor restrictions
- $2,331,152
- Gross receipts
- $1,187,907
- Employees
- 21
- Volunteers
- 9
- Year formed
- 1990
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CAREN BAUER | EXECUTIVE DIRECTOR Officer | 40 | $94,459 | $8,527 |
| TIM BOWLING | CHAIR (THRU 11/15/24) Trustee or director, Officer | 1 | $0 | $0 |
| KYLEE URAN | CHAIR (BEGIN (01/25) Trustee or director, Officer | 1 | $0 | $0 |
| JOHN HANCOCK | VICE CHAIR (INTERIM CHAIR 11/24 - 01/25) Trustee or director, Officer | 1 | $0 | $0 |
| GINNY STERLING | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JAKE ARNOLD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DARBY HILDEBRANDT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BARB HOMIER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE JACOBS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WHITNEY RENARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CAREN BAUER | EXECUTIVE DIRECTOR Officer | 40 | $97,842 | $4,192 |
| TIM BOWLING | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOHN HANCOCK | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| GINNY STERLING | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MIKE JACOBS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KYLEE URAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CAREN BAUER | EXECUTIVE DIRECTOR Officer | 40 | $86,540 | $3,503 |
| JOHN HANCOCK | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KYLEE URAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GINNY STERLING | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| TIM BOWLING | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MIKE JACOBS | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 617 N WALNUT ST APT 12, BRYAN, OH 43506-1052
- In care of
- % CAREN BAUER
- Principal officer (990 for 2024)
- JESSICA KLINE, 617 NORTH WALNUT STREET APT 12, BRYAN, OH 43506
- Signed the 990
- JESSICA KLINE, EXECUTIVE DIRECTOR
- Phone
- (419) 519-3075
- Website
- NEWHOMEDEVELOPMENT.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
TO OFFER AFFORDABLE HOUSING OPTIONS FOR PERSONS WITH NO TO LOW INCOMES AND WHO PRIMARILY HAVE A MENTAL ILLNESS.
Program accomplishments
- NEW HOME DEVELOPMENT COMPANY, INC. (NHDC) OFFERS AFFORDABLE HOUSING OPTIONS FOR PERSONS WITH NO TO MODERATE INCOMES. NHDC CURRENTLY OWNS 56 HOUSING UNITS THAT HAVE BEEN ACQUIRED THROUGH GRANTS AND MORTGAGES. RENTS CHARGED ARE BASED ON 30-35% OF HOUSEHOLD INCOME. NHDC ALSO ADMINISTERS A RENT SUBSIDY PROGRAM. NHDC MAY ASSIST WITH EMERGENCY ASSISTANCE WHEN FUNDING IS AVAILABLE. NHDC MAY RENT TO PERSONS WITH $0 INCOME WHO PAY $0 FOR RENT ON A TEMPORARY BASIS.Expenses $689,109 · revenue $731,890
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 34-1674869
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1991
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20Z)
- Assets (IRS master file)
- $3,067,560
- Income (IRS master file)
- $1,187,907
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,187,907 | $939,780 | $3,067,560 | XML |
| 990 | June 2024 | $851,565 | $874,222 | $2,922,302 | XML |
| 990 | June 2023 | $1,231,703 | $817,399 | $2,985,899 | XML |
| 990 | June 2022 | $860,456 | $744,993 | $2,684,474 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 34-1674869).
Questions about NEW HOME DEVELOPMENT CO INC
- What is the EIN of NEW HOME DEVELOPMENT CO INC?
- The employer identification number (EIN) of NEW HOME DEVELOPMENT CO INC is 34-1674869.
- Is NEW HOME DEVELOPMENT CO INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to NEW HOME DEVELOPMENT CO INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW HOME DEVELOPMENT CO INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEW HOME DEVELOPMENT CO INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW HOME DEVELOPMENT CO INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NEW HOME DEVELOPMENT CO INC?
- The 990 for the year ended June 30, 2025 names JESSICA KLINE.
- Who are the officers and directors of NEW HOME DEVELOPMENT CO INC?
- The 990 for the year ended June 30, 2025 lists 10 people; 1 received compensation from the organization, the highest $94,459 (CAREN BAUER, EXECUTIVE DIRECTOR).
- How much revenue does NEW HOME DEVELOPMENT CO INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,187,907, expenses of $939,780 and total assets of $3,067,560 at year end.
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