NEW VILLAGE CORPORATION Charity Report

Public IRS 990 nonprofit record

NEW VILLAGE CORPORATION

EIN 34-1653986 · Community Improvement & Capacity Building (S400)

What they do

AS A WHOLLY-OWNED SUBSIDIARY of NEIGHBORHOOD PROGRESS, INC. (NPI), NEW VILLAGE CORPORATION (NVC) DEVELOPS CATALYTIC REAL ESTATE PROJECTS IN JOINT VENTURES WITH COMMUNITY BASED 501(C)(3) DEVELOPMENT CORPORATIONS and PRIVATE INVESTORS. NEW VILLAGE CORPORATION SUPPORTS PROJECTS THAT ARE EITHER TOO LARGE for A NON-PROFIT 501(C)(3) COMMUNITY DEVELOPMENT CORPORATION ("CDC") to TAKE ON or TOO RISKY for A PRIVATE DEVELOPER. NVC WORKS DIRECTLY WITH 501(C)(3) CDCS and PRIVATE DEVELOPERS to HELP SECURE RESOURCES THAT ASSIST IN HANDLING COMPLEX REAL ESTATE DEVELOPMENT PROJECTS. NVC PROVIDES TECHNICAL ASSISTANCE, INCLUDING ARRANGING PROJECT FINANCING. PROJECTS UNDERTAKEN FURTHER THE ORGANIZATIONS CHARITABLE PURPOSES BY COMBATING COMMUNITY DETERIORATION IN DISTRESSED COMMUNITIES.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $88.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders12 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

59.29%of revenue went to mission work88.9% of expenses · Program services

$66.68spent for every $100 of revenueRevenue covered expenses this year.

7.39%of revenue went to management and office costs11.1% of expenses

$6.34in assets for every $1 spent this yearSome assets cannot be spent right away.

61.6%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $24,348 for BRIANA PERRY (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$5,943,070

Mission workProgram services$3,523,62659.29% of revenue88.9% of expenses

ManagementOffice and general costs$439,4807.39% of revenue11.1% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$1,979,96433.32% of revenueShown in gray on the chart

Total expenses$3,963,10666.68% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 88.9% mission · 11.1% management · 0.0% fundraisingTotal expenses: 66.68% of revenue

2023Expense mix: 89.8% mission · 10.2% management · 0.0% fundraisingTotal expenses: 96.09% of revenue

2022Expense mix: 91.3% mission · 8.7% management · 0.0% fundraisingTotal expenses: 38.33% of revenue

2021Expense mix: 86.8% mission · 13.2% management · 0.0% fundraisingTotal expenses: 106.63% of revenue

2020Expense mix: 64.4% mission · 35.6% management · 0.0% fundraisingRevenue comparison unavailable

2019Expense mix: 91.8% mission · 8.2% management · 0.0% fundraisingTotal expenses: 309.76% of revenue

2018Expense mix: 92.5% mission · 7.5% management · 0.0% fundraisingTotal expenses: 59.08% of revenue

2017Expense mix: 90.6% mission · 9.4% management · 0.0% fundraisingTotal expenses: 52.41% of revenue

Money in and money out

Revenue$5,943,070

Expenses$3,963,106

Annual surplus $1,979,964 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$3,523,626 · 88.9% of expenses

Management and office costs$439,480 · 11.1% of expenses

See all reported dollar amounts

Revenue$5,943,070

Expenses$3,963,106

Assets$25,136,213

Income$5,943,070

Contributions$3,663,230

Mission work (program services)$3,523,626

Grants given$205,500

Average grant$68,500

Management and general$439,480

Accounting fees$108,325

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

BRIANA PERRYPRESIDENT · 24 hrs/week $24,348Base · Other $24,348

JEFFREY VERESPEJCHIEF OPERATIONS OFFICER · 1 hrs/week $20,112Base · Other $20,112

TANIA MENESSEVICE CHAIRPERSON · 1 hrs/week $10,923Base · Other $10,923

MELODIE SANDERSSR. VP OF FINANCE / CFO · 6 hrs/week $7,964Base · Other $7,964

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (12)

BRIANA PERRYPRESIDENT

JEFFREY VERESPEJCHIEF OPERATIONS OFFICER

TANIA MENESSEVICE CHAIRPERSON

MELODIE SANDERSSR. VP OF FINANCE / CFO

AUGUST FLUKERTREASURER

DENNNIS TORRESTRUSTEE

DORIVETTE NOLANSECRETARY

JASON PHILLIPSTRUSTEE

JASON RUSSELLTRUSTEE

LISA MCGOVERNTRUSTEE

SCOTT SKINNERTRUSTEE

SEAN MCDERMOTTCHAIR

About this charity

Recognized since: January 1990
Location: 11327 SHAKER BOULEVARD 500W, CLEVELAND, OH 44104-3862
County: Cuyahoga
In care of: OLUSHOLA OJO
Primary officer: OLUSHOLA OJO, CHIEF FINANCIAL OFFICER

How to reach them

WebsiteVisit the charity’s website Phone(216) 238-8712

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: REA & ASSOCIATES INC
NTEE classification: Community Improvement & Capacity Building (S400)
IRS tax category: Civic and Social Organizations
Grant-giving organization: Yes