Public Charity

NEW WAY HOMES INC

NEW WAY HOMES INC is a Public Charity headquartered in SANTA CRUZ, CA. Financial data from the 2024 filing: $1.2M revenue, $834K expenses, $12.0M total assets. 19 publicly reported grants to this organization, totaling roughly $3.5M, appear in IRS filings.

EIN: 474091853 SANTA CRUZ, CA Latest filing: 2024
Total Revenue$1.2M
Total Expenses$834K
Total Assets$12.0M
Grant Records19
Funding Total$3.5M
Filing Years2019–2024

Mission

NEW WAY HOMES WAS FORMED TO SIGNIFICANTLY INCREASE THE AVAILABILITY AND AFFORDABILITY OF RENTAL HOUSING TO VULNERABLE AND LOW INCOME POPULATIONS BY MAKING CHARITABLE LOANS THAT ARE USED TO INCREASE THE RATE OF DEVELOPMENT OF NEW AFFORDABLE HOUSING INCLUDING WITHIN MIXED INCOME HOUSING PROJECTS.

Sample Grants Received

2024
GENERAL OPERATING SUPPORT, ST. JOHN'S HOUSE
$100,000
2024
GENERAL OPERATING SUPPORT, ST. JOHN'S HOUSE
$10,000
2024
FOR ANNUAL DONATION
$10,000
2023
Housing and Transportation
$3,150,000
2023
TO SUPPORT THE HOUSING SANTA CRUZ COUNTY PROJECT. TO SUPPORT THE HOUSING SANTA CRUZ COUNTY PROJECT.
$50,250

Showing up to 5 of 19 total records — full history available with membership.

Officers & Directors

DIRECTOR Andrew Ow
DIRECTOR Aura Oslapas
DIRECTOR Christine Sippl
HSCC EXECUTIVE DIRECTOR Elaine Johnson
DIRECTOR James Rector
TREASURER (END 11/15/24) John Ballard

Officer compensation and complete director data available with membership.

Top Grant Purposes

Housing and Transportation
$3,192,000 4 grants
GENERAL OPERATING SUPPORT, ST. JOHN'S HOUSE
$110,000 2 grants
TO SUPPORT THE HOUSING SANTA CRUZ COUNTY PROJECT. TO SUPPORT THE HOUSING SANTA CRUZ COUNTY PROJECT.
$50,250 1 grant
FOR GENERAL OPERATING SUPPORT
$35,250 2 grants
FOR RECIPIENT'S EXEMPT PURPOSE
$30,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $1.2M $834K $12.0M
2023 $4.7M $1.2M $10.6M
2022 $557K $578K $7.2M
2020 $309K $240K $3.3M
2019 $400K $170K $2.5M

Between 2019 and 2024, reported annual revenue grew from $400K to $1.2M (+209%), with total assets most recently reported at $12.0M.

Interactive year-over-year charts and full filing details available with membership.

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