Compensation 990

New Way Homes Inc.

Fiscal year ending 2024. Filed on November 17, 2025.

1040 Mystery Spot Road
Santa Cruz, California 95065

New Way Homes Inc. (EIN: 47-4091853) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, New Way Homes Inc., a 501(c)(3) charitable organization, reported compensation for 1 out of 3 total employees. Among the employees shown here, the average compensation is $117,449. The highest compensated employee at New Way Homes Inc. is Elaine Johnson with fiscal year 2024 compensation of $117,449.

Revenue, expenses, and employee compensation

Revenue

$1,235,459

Expenses

$833,598

Employee compensation

$152,410
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Non-Employee Board Members

Andrew Ow
Director
Aura Oslapas
Director
Christine Sippl
Director
James Rector
Director
John Ballard
Treasurer (END 11/15/24)
Micah Silvey
Director
Owen Lawlor
Director
Robert Singleton
Secretary
Sibley Simon
President
Uche Uwahemu
Director

Mission Statement

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.

Revisions to this organization profile

November 17, 2025:
2024 New Way Homes Inc. 990 filed
November 15, 2024:
2023 New Way Homes Inc. 990 filed
November 15, 2023:
2022 New Way Homes Inc. 990 filed

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