Nonprofit · EIN 95-3969029
NEW ECONOMICS FOR WOMEN
Tax-exempt · LOS ANGELES, CA 90017
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $12,144,801 | $10,952,929 | $1,191,872 | $29,745,453 | $22,238,783 | $7,506,670 |
| June 30, 2024 | 990 | $9,167,715 | $11,382,099 | -$2,214,384 | $44,472,456 | $35,115,557 | $9,356,899 |
| June 30, 2023 | 990 | $10,445,467 | $12,424,086 | -$1,978,619 | $58,697,263 | $44,594,679 | $14,102,584 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $10,600,701
- of which government grants
- $9,065,101
- Program service revenue
- $1,461,123
- Investment income
- $82,977
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $480,555
- Compensation of officers, directors and key employees
- $1,186,692
- Other salaries and wages
- $4,404,414
- Salaries, compensation and benefits (total)
- $6,535,342
- Professional fundraising fees
- $0
- Legal fees
- $34,673
- Accounting fees
- $323,292
- Occupancy
- $300,194
- Travel
- $76,137
- Depreciation
- $138,696
- Program services (functional)
- $8,823,588
- Management and general (functional)
- $1,826,407
- Fundraising (functional)
- $302,934
Balance sheet and other
- Total assets, start of year
- $44,472,457
- Total assets, end of year
- $29,745,453
- Total liabilities, end of year
- $22,238,783
- Net assets, end of year
- $7,506,670
- Land, buildings and equipment
- $3,929,782
- Net assets without donor restrictions
- $5,093,373
- Net assets with donor restrictions
- $2,413,297
- Gross receipts
- $12,144,801
- Employees
- 112
- Volunteers
- 95
- Year formed
- 1984
- State of legal domicile
- CA
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 |
|---|---|---|---|---|
| LETICIA ANDUEZA | CHIEF EXECUTIVE OFFICER Highest-paid employee | 40 | $164,150 | $3,350 |
| CONNIE JONG SOOK HWANG | FUND DEVELOPMENT DIRECTOR Officer | 40 | $154,080 | $0 |
| IRMA L ALCOCER | PROGRAM DIRECTOR Officer | 40 | $118,595 | $4,234 |
| YESENIA MEDINA | SR. DIRECTOR OF PROGRAMS Officer | 40 | $116,191 | $1,200 |
| ANNA MARIA FELCYN | SR. DIRECTOR OF PROGRAMS Officer | 40 | $115,016 | $1,067 |
| CARMEN LUNA | PROGRAM DIRECTOR Officer | 40 | $112,547 | $2,200 |
| MAGDALENA CERVANTES | EXECUTIVE DIRECTOR Officer | 40 | $99,335 | $8,900 |
| RUTH GARCIA-CORRALES | PROGRAM DIRECTOR Officer | 40 | $106,261 | $0 |
| MARTHA HERNANDEZ-VILLATORO | CHIEF OPERATING OFFICER Officer | 40 | $105,903 | $0 |
| MICHELLE REYES | DIRECTOR OF OPERATIONS Officer | 40 | $94,614 | $2,000 |
| STACEY BRENNER | BOARD MEMBER Institutional trustee | 2 | $0 | $0 |
| MARIA L GARCIA | BOARD MEMBER Institutional trustee | 2 | $0 | $0 |
| JOAN KRADIN | BOARD MEMBER Institutional trustee | 2 | $0 | $0 |
| ANTONIO MANNING | BOARD MEMBER Institutional trustee | 2 | $0 | $0 |
| ROBERT MORALES | BOARD MEMBER Institutional trustee | 2 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NILDA RUIZ | BOARD MEMBER Institutional trustee | 2 | $0 |
| CHRISTIAN SANCHEZ | BOARD MEMBER Institutional trustee | 2 | $0 |
| WELTON SMITH | BOARD MEMBER Institutional trustee | 2 | $0 |
| BEATRIZ OLVERA STOTZER | BOARD CHAIR Officer | 2 | $0 |
| ANDREW CHENG | VICE PRESIENT Officer | 2 | $0 |
| BELINDA BARRAGAN | SECRETARY Officer | 2 | $0 |
| MIGUEL ESCOBAR | TREASURER Officer | 2 | $0 |
990 for the year ended June 30, 2024: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Magdalena Cervantes | Executive Director Officer | 40 | $135,000 | $21,600 |
| Beatriz Olvera Stotzer | President Trustee or director | 10 | $149,796 | $0 |
| Leticia Andueza | Associate Executive Director Officer | 40 | $125,000 | $20,000 |
| Carmen Luna | Program Director Highest-paid employee | 40 | $113,333 | $18,133 |
| Yesenia Medina | Program Director Highest-paid employee | 40 | $110,034 | $17,605 |
| Ruth Garcia-Corrales | Program Director Highest-paid employee | 40 | $104,428 | $16,708 |
| Andrew Cheng | Vice President Trustee or director, Officer | 2 | $0 | $0 |
| Belinda Barragan | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Miguel Escobar | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Stacey Brenner | Board Member Trustee or director | 2 | $0 | $0 |
| Joan Kradin | Board Member Trustee or director | 2 | $0 | $0 |
| Robert Morales | Board Member Trustee or director | 2 | $0 | $0 |
| Christina Sanchez | Board Member Trustee or director | 2 | $0 | $0 |
| Maria L Garcia | Board Member Trustee or director | 2 | $0 | $0 |
| Antonio Manning | Board Member Trustee or director | 2 | $0 | $0 |
| Nilda Ruiz | Board Member Trustee or director | 2 | $0 | $0 |
| Welton Smith | Board Member Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 13 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Beatrice Olvera Stotzer | President Trustee or director, Officer | 10 | $0 | $149,796 | $0 |
| Magdalena Cervantes | Executive Director Officer | 40 | $111,490 | $0 | $18,107 |
| Alicia Matricardi | Director of Real Estate Highest-paid employee | 40 | $106,709 | $0 | $9,531 |
| Leticia Andueza | Associate Executive Director Highest-paid employee | 40 | $110,000 | $0 | $1,100 |
| Andrew Cheng | Vice President Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Belinda Barragan | Secretary Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Miguel Escobar | Treasurer Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Stacy Brenner | Board Member Trustee or director | 2 | $0 | $0 | $0 |
| Maria L Garcia | Board Member Trustee or director | 2 | $0 | $0 | $0 |
| Joan Kradin | Board Member Trustee or director | 2 | $0 | $0 | $0 |
| Brianna J Mircheff | Board Member (end 2/23) Trustee or director | 2 | $0 | $0 | $0 |
| Nilda Ruiz | Board Member Trustee or director | 2 | $0 | $0 | $0 |
| Welton Smith | Board Member Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 303 LOMA DR, LOS ANGELES, CA 90017-1103
- Principal officer (990 for 2024)
- LETICIA ANDUEZA, 303 SOUTH LOMA DRIVE, LOS ANGELES, CA 90017
- Signed the 990
- LETICIA ANDUEZA, CEO
- Phone
- (213) 483-2060
- Return prepared by
- KELLER AND ASSOCIATES LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 95-3969029 or by the name NEW ECONOMICS FOR WOMEN.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
NEW ECONOMICS FOR WOMEN HELPS WOMEN FROM UNDERSERVED COMMUNITIES IN SOUTHERN CALIFORNIA PAVE THE WAY TO PEACE OF MIND, PROSPERITY ANDPROMISE BY PROVIDING AN UNRIVALED LEVEL OF COMPREHENSIVE, PERSONALIZED SUPPORT, ACCESS TO A CONTINUUM OF RESOURCES AND BY BUILDING INTENTIONAL COMMUNITIES WHERE FAMILIES RECEIVE EVERYTHING THEY NEED SO THAT THEY CAN THRIVE.
Program accomplishments
- NEW ECONOMICS FOR WOMEN (NEW) EMPOWERS UNDER-RESOURCED WOMEN AND THEIR FAMILIES TO ACHIEVE ECONOMIC MOBILITY THROUGH INTEGRATED HOUSING, EDUCATION, ENTREPRENEURSHIP, AND WEALTH-BUILDING PROGRAMS. NEW DEVELOPS AND OPERATES AFFORDABLE HOUSING FOR BOTH MULTIFAMILY RENTALS AND SINGLE-FAMILY HOMES AND COMMUNITY CENTERED SERVICES THAT HELPED MORE THAN 2,300 INDIVIDUALS REMAIN STABLY HOUSED AND ADVANCED NEW WORKFORCE AND PERMANENT AFFORDABLE HOUSING UNITS IN SPECIFICALLY RESEDA AND EL SERENO. THROUGH ITS HOMEOWNERSHIP DEPARTMENT, A HUD-APPROVED COUNSELING AGENCY, NEW DELIVERS FREE HUD-CERTIFIED HOMEBUYER EDUCATION, ONE-ON-ONE COUNSELING, AND CREDIT COACHING, EDUCATING AT LEAST 400 INDIVIDUALS ANNUALLY AND ASSISTING DOZENS OF FAMILIES IN PURCHASING HOMES. NEW'S FAMILYSOURCE CENTER AND ECONOMIC MOBILITY CENTERS PROVIDE ONE-STOP SERVICES FOR LOW-INCOME RESIDENTS, INCLUDING FINANCIAL EDUCATION AND COACHING, VITA TAX PREPARATION, PUBLIC BENEFITS SCREENING, CASE MANAGEMENT, EMPLOYMENT COACHING, EMERGENCY FINANCIAL ASSISTANCE, AND HOMELESS PREVENTION THAT HELPED INCREASE HOUSEHOLD INCOME, AND KEEP FAMILIES HOUSED. THE LEARNING CENTER OPERATES AFTER-SCHOOL AND SEASONAL PROGRAMS FOR TK5 STUDENTS, PROVIDING HOMEWORK HELP, ENRICHMENT IN ARTS AND STEM, MEALS, AND FAMILY WORKSHOPS TO SUPPORT ACADEMIC ACHIEVEMENT. THROUGH ITS WOMEN'S BUSINESS CENTERS AND THE EAST LOS ANGELES BUSINESSSOURCE CENTER, NEW PROVIDES NO-COST ONE-ON-ONE CONSULTING, TRAINING, AND FINANCING ASSISTANCE THAT SERVED THOUSANDS OF SMALL BUSINESSES, HELPED LAUNCH NEW ENTERPRISES, AND SUPPORTED OR CREATED THOUSANDS OF LOCAL JOBS.Expenses $8,823,588 · revenue $12,144,801
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
- 95-3969029
- 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
- 1985
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L210)
- Assets (IRS master file)
- $29,745,453
- Income (IRS master file)
- $12,144,801
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $12,144,801 | $10,952,929 | $29,745,453 | IRS |
| 990 | June 2024 | $9,167,715 | $11,382,099 | $44,472,456 | IRS |
| 990 | June 2023 | $10,445,467 | $12,424,086 | $58,697,263 | XML |
| 990 | June 2022 | $12,624,374 | $10,760,774 | $44,094,998 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 95-3969029).
Questions about NEW ECONOMICS FOR WOMEN
- What is the EIN of NEW ECONOMICS FOR WOMEN?
- The employer identification number (EIN) of NEW ECONOMICS FOR WOMEN is 95-3969029.
- Is NEW ECONOMICS FOR WOMEN tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to NEW ECONOMICS FOR WOMEN tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW ECONOMICS FOR WOMEN 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 ECONOMICS FOR WOMEN 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 ECONOMICS FOR WOMEN 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 ECONOMICS FOR WOMEN?
- The 990 for the year ended June 30, 2025 names LETICIA ANDUEZA.
- Who are the officers and directors of NEW ECONOMICS FOR WOMEN?
- The 990 for the year ended June 30, 2025 lists 22 people; 10 received compensation from the organization, the highest $164,150 (LETICIA ANDUEZA, CHIEF EXECUTIVE OFFICER).
- How much revenue does NEW ECONOMICS FOR WOMEN have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $12,144,801, expenses of $10,952,929 and total assets of $29,745,453 at year end.
Other nonprofits in LOS ANGELES
- WEINGART CENTER ASSOCIATION EIN 95-6054617 · last filed 990 for 2025
- DEEP GREEN HOUSING AND COMMUNITY DEVELOPMENT EIN 95-4313200 · last filed 990 for 2024
- SINGLE ROOM OCCUPANCY HOUSING CORP EIN 95-3909215 · last filed 990 for 2025
- HOLLENBECK PALMS EIN 71-0876594 · last filed 990 for 2025
- LTSC COMMUNITY DEVELOPMENT CORPORATION EIN 95-4444102 · last filed 990 for 2024
- LOS ANGELES LOMOD SOUTH INC EIN 95-3024192 · last filed 990 for 2023
- A COMMUNITY OF FRIENDS EIN 95-4203106 · last filed 990 for 2025
- ABODE COMMUNITIES EIN 95-6377511 · last filed 990 for 2024
All nonprofits in LOS ANGELES · California · Housing and shelter