Newsed Community Development Corporation Inc

aka NEWSED CDC   |   DENVER, CO   |  http://newsed.org/

Mission

NEWSED promotes the economic success of underserved populations in the seven-county Denver metro area through community development with a focus on affordable housing, small businesses and asset creation.

Ruling year info

1983

President/CEO

Andrea Barela

Main address

1001 Santa Fe Drive

DENVER, CO 80204 USA

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EIN

74-2275534

NTEE code info

Community, Neighborhood Development, Improvement (S20)

Human Services - Multipurpose and Other N.E.C. (P99)

Housing Development, Construction, Management (L20)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Communication

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Housing Counseling

NEWSED’s Homebuyer Program provides counseling to help individuals develop a plan to become eligible for ownership. Services are free, personalized, provide financial counseling, down payment assistance, credit repair and post counseling. Bi-monthly CHFA certified homebuyer workshops are offered in house and online. Foreclosure counseling assists individuals with navigating the banking process to find better options and possible loan modifications. These programs accomplish increased financial knowledge, security and asset building. NEWSED homebuyer counseling is NEWSED’s oldest program and has assisted thousands of individuals and families.

Population(s) Served

NEWSED Small Business Programs include a Start-Up Business Workshops with consultant Cheryl Lucero, an eight-week Business Basic Course and our retail incubator – The ZONE Marketplace. Complementary to these programs is our small business loan program.

Population(s) Served

NEWSED provides unique lending products for those looking to improve their credit, need a small business loan or need down payment assistance for a first time home purchase.

Population(s) Served

NEWSED has a long history of developing commercial, residential and mixed use real estate that has been the driving force behind our efforts in the creation of a bricks and mortar approach to economic development. In total NEWSED has developed over 650,000 square feet of housing and retail/commercial real estate over the last three decades making NEWSED one of the eldest, most successful and influential Community Development Corporations (CDCs) in the city of Denver.

Population(s) Served
Economically disadvantaged people
Adults
Economically disadvantaged people
Adults
Economically disadvantaged people
Adults
Economically disadvantaged people
Adults

Where we work

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We demonstrated a willingness to learn more by reviewing resources about feedback practice.
done We shared information about our current feedback practices.
  • Who are the people you serve with your mission?

    Low and moderate income individuals and families, minority and Latinos.

  • How is your organization collecting feedback from the people you serve?

    Paper surveys, Case management notes, other,

  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals,

  • With whom is the organization sharing feedback?

    Our staff, Our board, Our funders, Our community partners,

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.), We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive, We tell the people who gave us feedback how we acted on their feedback, We ask the people who gave us feedback how well they think we responded,

  • What challenges does the organization face when collecting feedback?

    It is difficult to get the people we serve to respond to requests for feedback,

Financials

Newsed Community Development Corporation Inc
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.

Newsed Community Development Corporation Inc

Board of directors
as of 6/14/2021
SOURCE: Self-reported by organization
Board co-chair

Nicole Marquez

BBVA

Term: 2018 - 2021


Board co-chair

Matt Casias

Power Imaging

Term: 2018 - 2021

Matt Casias

Small Business Owner

Nicole Marquez

Corporate Responsibility and Reputation- VP, Community Relations Officer - BBVA Compass

Jose Aragon

Agent - 8Z Real Estate

Steve Chavez

Attorney

Jesse Ogas

Executive Director

Sarah Geis

VP, Senior Relationship Manager, Community Development Lending Key Bank

Jennifer Brezicha

VP & Asset Manager, Community Lending and Investment Wells Fargo

Larry Martinez

Executive Director, Denver Inner City Parish

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes