Ohio · Nonprofit
NEW VILLAGE CORPORATION
NEW VILLAGE CORPORATION (Ohio) receives grants from 3 organizations whose IRS filings report $1,130,000 to it, the largest being THE GEORGE GUND FOUNDATION ($950,000). 1 of them have funded it in more than one year.
- Revenue FY2025
- $5.9M
- Funders on record
- 3
- Grants received
- $1.1M
- Net assets
- $10M
What New Village Corporation does
Mission
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.
As stated on its FY2025 Form 990.
Program
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 around 40 new units. Established in 1990, nvc is a wholly-owned real estate development subsidiary of neighborhood progress, inc., a non-profit 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…
$3,523,626 spentof which $28,000 as grants$2,216,483 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $3,523,626.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $7.4M to $22M (+191%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
62% of NEW VILLAGE CORPORATION’s revenue is contributions — more donation-reliant than the typical peer (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Sean Mcdermott
Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2018 → 2023: the base broadened from 1 funder to 2 funders, grant income fell $450k → $180k.
Left out of every figure on this page: $4.8M from 2 payers (the payer shares this organization's board, largest Neighborhood Progress Inc). These are real filings, and they are not money NEW VILLAGE CORPORATION raised.
From the IRS filings of NEW VILLAGE CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
NEW VILLAGE CORPORATION leans on a few funders — its largest provides 84% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
Largest funder’s share by year: 2018 100% · 2022 100% · 2023 83% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
100% of NEW VILLAGE CORPORATION's grant income comes from Ohio funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
NEW VILLAGE CORPORATION runs a healthier operating margin than three-quarters of the 2,127 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 2,127 community improvement nonprofits $1M–$10M, FY2025
Organizations like NEW VILLAGE CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Ohio
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
89% of spending goes to programs.
Governance
Public support
99%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 17 related entities
- Saint Luke's Investment Fund LLC · disregarded
- Stl-Nvc Residential LLC · disregarded
- Land Assembly for Neigh Dev Ltd · disregarded
- Hclt Holdings LLC · disregarded
- New Village Rp-Lp LLC · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for NEW VILLAGE CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds NEW VILLAGE CORPORATION?
- NEW VILLAGE CORPORATION (Ohio) receives grants from 3 organizations whose IRS filings report $1,130,000 to it, the largest being THE GEORGE GUND FOUNDATION ($950,000). 1 of them have funded it in more than one year.
- How many funders does NEW VILLAGE CORPORATION have?
- IRS filings report 3 organizations giving $1,130,000 in grants to NEW VILLAGE CORPORATION, 1 of which have funded it in more than one year.
- Who is the largest funder of NEW VILLAGE CORPORATION?
- THE GEORGE GUND FOUNDATION is the largest funder on record, with $950,000 in grants. The full list of funders is on this page.
- How can an organization like NEW VILLAGE CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Ohio. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 3 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing