NEW ROOTS FUND
SEATTLE, WA | King County
Economic Development
Overview
NEW ROOTS FUND
38-3885237
1610 S KING ST
SEATTLE, WA 98144
King County
SEATTLE, WA 98144
King County
Mission Statement
This nonprofit has not reported a mission statement.
CRA Category
- Economic Development
Nonprofit location
- LMI Census Tract
- Majority Minority Census Tract
- Opportunity Zone
Awards & Certifications
- CDFI Organization
- CDFI Award Recipient
Founded
Not reported
Total Employees
Not reported
Total Volunteers
Not reported
Nonprofit Classification (NTEE Code)
Q30
Q - International, Foreign Affairs, and National Security
International Development
Organizations whose primary purpose is to provide technical assistance training and material resources to support the capacity-building efforts of nations outside the U. S. with a focus on agricultural and rural development, health, education, social welfare, small business development and industrial growth. Use this code for organizations that provide a wide range of international development and/or relief services or those not specified below.
IRS Activity Codes
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code)
813311
Human Rights Organizations
CRA Alignment
CRA Category
Economic Development
Workforce development, job training, and small business or startup support.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and
then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications
Community Development Financial Institution
Date Certified
4/3/2017
Native American CDFI
N
Financial Institution Type
Loan Fund
Community Development Financial Institution Award Recipient
New Market Tax Credit Recipient
| Year | Amount | Program | Awardee Name |
| 2013 | $95,972 | CDFI Technical Assistance | New Roots Fund |
Includes CDFI Fund awards granted between January 2013 and December 2023
HUD Counseling Agency
Low Income Housing Tax Credit Recipient
IRS Summary
Income
$665.6K
Revenue
$665.6K
Assets
$637.6K
IRS Business Master File Details
As of August 2024
Exempt Ruling Date
2014-07
Deductibility Status
Deductible
Last Tax Filing
2022
Organization Type
Corporation
Organization Tax Filing Status
990 (all other) or 990EZ return
Foundation Tax Filing Status
990-PF not required by IRS
Affiliation Classification
Independent Organization
Basis for Foundation/Public Charity Status
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
IRS Publication 78 Details
As of August 2024
Verified in Publication 78
Yes
Deductibility Limitation
50% (60% for cash contributions)
Organization Description
A public charity
IRS Form 990 Returns
Through August 2023
Tax period ending in
2019-12
Tax period ending in
2017-12
Tax period ending in
2016-12
Tax period ending in
2015-12
Nonprofit Location
Physical Address
1610 S KING ST
SEATTLE, WA 98144
King County
SEATTLE, WA 98144
King County
Area Type
Metropolitan Statistical Area
FIPS Geocoded Address
42644
MSA/MD
53
State
033
County
0090.00
Tract
Moderate
Income Level
Core-Based Statistical Area
42660 - Seattle-Tacoma-Bellevue, WA
Combined Statistical Area
500 - Seattle-Tacoma, WA
Metropolitan Division
42644 - Seattle-Bellevue-Kent, WA
Located In
Low- or Moderate-Income Census Tract
Opportunity Zone
Majority Minority Census Tract
63.17%
FFIEC Designated Distressed Census Tract
FFIEC Underserved Census Tract
Market Data
| Census Tract | County | |
|---|---|---|
| 0090.00 | King County | |
| Population | ||
| Total Population | 4,284 | 2,254,371 |
| Total Households | 2,010 | 916,270 |
| Income | ||
| Median Family Income (Census*) | $61,667 | $116,340 |
| Median Family Income (2023 FFIEC est.) | $146,500 | $158,700 |
| Tract Income Percentage | 52.77% | N/A |
| Below Poverty Level | 18.1% | 8.4% |
| Unemployment Level | 6.0% | 4.5% |
| Housing | ||
| Total Housing Units | 2,169 | 972,821 |
| Total Owner-Occupied Units | 21.5% | 56.2% |
| Total Renter-Occupied Units | 71.2% | 43.8% |
| Total Vacant Units | 7.3% | 5.3% |
* Census tract income based on 2020 American Community Survey data as reported in the 2023 FFIEC Census Flat File; County income based on 2022 American Community Survey data.
Management
5
Total Voting Members
in Governing Body
in Governing Body
5
Independent Voting Members
in Governing Body
in Governing Body
Tax Filing Signatory
Michael Blumson
(206) 323-3152
(206) 323-3152
Principal Officer
Greg Hope
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
Organization Activities
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations
Information in this section is extracted from the nonprofit's e-filed tax return and based on answers provided by the nonprofit in their 990 e-filed for the tax period ending on 2021-12.
A hyphen (“-“) in this section indicates that the information was not required by the IRS or not reported by the nonprofit in its tax return e-filing.
This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit help.findcra.com.
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