NEW TOWN MACON INC | NEW TOWN LOANS LLC

MACON, GA | Bibb County
Economic Development
NEW TOWN MACON INC | NEW TOWN LOANS LLC
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As of , this nonprofit no longer meets findCRA's qualification requirements and will no longer appear in CQ search results.

Reason for disqualification:

Overview

NEW TOWN MACON INC | NEW TOWN LOANS LLC
58-2273893
555 POPLAR STREET
MACON, GA 31201
Bibb County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Economic Development
Nonprofit location info
  • Majority Minority Census Tract
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
S21

S - Community Improvement, Capacity Building

Community Coalitions

Organizations that are designed to increase citizen participation in local policy issues and thereby improve the overall quality of life in a particular state or community.

IRS Activity Codes info
994
Uncoded
404
Community promotion
-
Not reported
Standard Business Classification (NAICS Code) info
813410
Civic and Social Organizations

CRA Alignment

CRA Category info
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 info
Community Development Financial Institution info
Date Certified info
Not reported
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
YearAmountProgramAwardee Name
2020 $125,000 CDFI Technical Assistance open_in_new NewTown Loans, LLC
2021 $125,000 CDFI Technical Assistance open_in_new NewTown Loans, LLC

Includes CDFI Fund awards granted between January 2013 and December 2023

HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$10.3M
Revenue
$9.8M
Assets
$32.5M

IRS Business Master File Details info

As of November 2022 Update
Exempt Ruling Date info
1998-05
Deductibility Status info
Deductible
Last Tax Filing info
2022
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
Basis for Foundation/Public Charity Status info
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 info

As of April 2023
Verified in Publication 78 info
Yes
Deductibility Limitation info
50% (60% for cash contributions)
Organization Description info
A public charity

Nonprofit Location

Physical Address info
555 POPLAR STREET
MACON, GA 31201
Bibb County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
31420
MSA/MD info
13
State info
021
County info
0137.01
Tract info
Unknown
Income Level info
Core-Based Statistical Area info
31420 - Macon-Bibb County, GA
Combined Statistical Area info
356 - Macon-Bibb County--Warner Robins, GA
Metropolitan Division info
Not located in an MD.
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 60.24%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
0137.01 Bibb County
Population
Total Population 2,211 156,711
Total Households 700 58,752
Income
Median Family Income (Census*) $0 $43,862
Median Family Income (2022 FFIEC est.) $70,100 $70,100
Tract Income Percentage 0% N/A
Below Poverty Level 32.4% 25.2%
Unemployment Level 10.9% 7.7%
Housing
Total Housing Units 840 71,725
Total Owner-Occupied Units 8.6% 52.9%
Total Renter-Occupied Units 74.8% 47.1%
Total Vacant Units 16.7% 12.8%
* Census tract income based on 2020 Census estimated data; County income based on 2021 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

29
Total Voting Members
in Governing Body info
27
Independent Voting Members
in Governing Body info
Tax Filing Signatory info
Joshua M Rogers
President & CEO
(478) 722-9909
Principal Officer info
Joshua M Rogers
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents info
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 info
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 info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax 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 www.learncra.com.