New Village Corporation
New Village Corporation
Want to make a donation using Daffy?
Lower your income taxes with a charitable deduction this year when you donate to this non-profit via Daffy.
Do you work for New Village Corporation? Learn more here.
By donating on this page you are making an irrevocable contribution to Daffy Charitable Fund, a 501(c)(3) public charity, and a subsequent donation recommendation to the charity listed above, subject to our Member Agreement. Contributions are generally eligible for a charitable tax-deduction and a yearly consolidated receipt will be provided by Daffy. Processing fees may be applied and will reduce the value available to send to the end charity. The recipient organizations have not provided permission for this listing and have not reviewed the content.
Donations to organizations are distributed as soon as the donation is approved and the funds are available. In the rare event that Daffy is unable to fulfill the donation request to this charity, you will be notified and given the opportunity to choose another charity. This may occur if the charity is unresponsive or if the charity is no longer in good standing with regulatory authorities.
About this organization
Revenue
$1,071,110
Expenses
$561,417
Mission
NON-PROFIT DEVELOPER SPECIALIZING IN CHALLENGING PROJECTS IN URBAN ENVIRONMENTS WHICH SPURS ADDITIONAL PRIVATE INVESTMENTS.
About
NEW VILLAGE CORPORATION ("NVC") FOCUSES ITS REAL ESTATE DEVELOPMENT IN PLACES WHERE ITS ACTIVITY WILL RELIEVE BLIGHT, ECONOMIC DISTRESS, AND COMMUNITY DETERIORATION IN THE SERVICE OF UNDERSERVED COMMUNITIES IN THE CITY OF CLEVELAND. NVC IS CURRENTLY INVOLVED IN AN ACQUISITION, REHABILITATION, AND FOR-SALE SINGLE-FAMILY HOUSING PROGRAM WITH SLAVIC VILLAGE DEVELOPMENT, A 501(C)(3) ORGANIZATION. IT IS CURRENTLY WORKING ON A STRATEGY TO REVIVE THE FAILED NEW CONSTRUCTION MARKET IN THE BUCKEYE NEIGHBORHOOD OF CLEVELAND, WHERE THE COMPANY OWNS ENOUGH LAND TO FACILITATE THE CONSTRUCTION OF ALMOST 80 NEW UNITS.ESTABLISHED IN 1990, NVC IS A WHOLLY-OWNED REAL ESTATE DEVELOPMENT SUBSIDIARY OF NEIGHBORHOOD PROGRESS, INC., A NONPROFIT ORGANIZATION FORMED TO FOSTER COMMUNITIES OF CHOICE AND OPPORTUNITY THROUGHOUT CLEVELAND. SINCE 1990, NVC HAS DEVELOPED OVER 800 UNITS OF NEW OR REHABBED HOUSING AND 1.28 MILLION SQUARE FEET OF NEW OR REHABBED COMMERCIAL SPACE WORTH OVER $213 MILLION. AMONG ITS COMPLETED PROJECTS ARE: THE AWARD-WINNING SAINT LUKE'S MANOR PHASE I AND BICENTENNIAL VILLAGE DEVELOPMENT; NORTH PARK PLACE; DAVE'S SUPERMARKET IN OHIO CITY AND SLAVIC VILLAGE; CENTRAL COMMONS; LEE-HARVARD SHOPPING CENTER; ORCHARD PARK; FRIES & SCHUELE APARTMENTS; CARROLL AVENUE CONDOMINIUMS; ARBOR PARK PLACE SHOPPING CENTER.
Interesting data from their 2019 990 filing
The filing reveals the mission of the non-profit as “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.”.
When detailing its functions, they were listed as: “Non-profit developer specializing in challenging projects in urban environments which spurs additional private investments.”.
- According to the law, the state where the non-profit operates has been reported as OH.
- The filing specifies that the non-profit's address in 2019 was 11327 SHAKER BOULEVARD NO 500W, CLEVELAND, OH, 44104.
- As of 2019, the non-profit's form shows they have a total of 0 employees.
- Is not a private foundation.
- Expenses are between $250,000 and $500,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $509,693.
- The organization has 8 independent voting members.
- The organization was formed in 1990.
- The organization pays $327,432 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.