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 ORGANIZATION'S CHARITABLE PURPOSES BY COMBATING COMMUNITY DETERIORATION IN DISTRESSED COMMUNITIES.
| Year | Grants | Total Giving | Avg Grant | New | Repeat |
|---|---|---|---|---|---|
| 2019 | 1 | $90K | $90K | 0 | 1 |
| 2018 | 2 | $116K | $58K | 2 | 0 |
| Year | Revenue | Expenses | Net Assets |
|---|---|---|---|
| 2024 990 - Public charity return Jul 1, 2024 to Jun 30, 2025 | $5,943,070 ↓ | $3,963,106 | $10,149,913 |
| 2022 990 - Public charity return Jul 1, 2022 to Jun 30, 2023 | $7,203,569 ↑ | $2,761,252 | $10,776,986 |
| 2021 990 - Public charity return Jul 1, 2021 to Jun 30, 2022 | $529,797 ↑ | $564,898 | $6,667,037 |
| 2020 990 - Public charity return Jul 1, 2020 to Jun 30, 2021 | $-14,297,369 ↓ | $1,682,541 | $6,902,138 |
| 2019 990 - Public charity return Jul 1, 2019 to Jun 30, 2020 | $227,521 ↓ | $704,766 | $7,474,972 |
| 2018 990 - Public charity return Jul 1, 2018 to Jun 30, 2019 | $1,571,772 ↑ | $928,527 | $7,952,217 |
| 2017 990 - Public charity return Jul 1, 2017 to Jun 30, 2018 | $1,071,110 | $561,417 | $7,308,972 |
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