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NEW POINT ACQUISITIONS INC

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Tax-exempt status may be revoked

NEW POINT ACQUISITIONS INC

EIN 82-3403457 · Low-Income & Subsidized Rental Housing (L21)

What they do

to BUY, SELL, MANAGE, LEASE, DEVELOP, and OTHERWISE DEAL WITH AFFORDABLE HOUSING.

Before you give

Should I give to this charity?

Easy charity check
Stop and check first

This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders16 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

1.73%of revenue went to mission work100.0% of expenses · Program services
$32.01spent for every $100 of revenueRevenue covered expenses this year.
$46.51in assets for every $1 spent this yearSome assets cannot be spent right away.

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  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $44,311 for JASON PINA (DIRECTOR OF PORTFOLIO MANAGEMENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$2,564,300
Mission workProgram services$44,4841.73% of revenue100.0% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$2,519,81698.27% of revenueShown in gray on the chart
Total expenses$44,4841.73% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2023CurrentExpense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 1.73% of revenue
2022Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 108.60% of revenue
2021Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 180.79% of revenue

Money in and money out

Revenue$138,976
Expenses$44,484
Annual surplus $94,492 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$44,484 · 100.0% of expenses
See all reported dollar amounts
Revenue$138,976
Expenses$44,484
Assets$2,068,976
Income$138,976
Mission work (program services)$44,484
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
JASON PINADIRECTOR OF PORTFOLIO MANAGEMENT · 40 hrs/week $44,311Base · Other $44,311
FELICIA PIERCECHIEF EXECUTIVE OFFICER, PRESIDENT & DIRECTOR · 40 hrs/week $33,103Base · Other $33,103
ILENE VOGELDIRECTOR OF REAL ESTATE · 40 hrs/week $19,899Base · Other $19,899

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (16)

JASON PINADIRECTOR OF PORTFOLIO MANAGEMENT

FELICIA PIERCECHIEF EXECUTIVE OFFICER, PRESIDENT & DIRECTOR

ILENE VOGELDIRECTOR OF REAL ESTATE

ARIEL NOESITREASURER

BRIAN CASTELLANOSDIRECTOR

DIANA MORENOCLERK & DIRECTOR

EILEEN QUINNDIRECTOR

ELISA CASTILLODIRECTOR

FAITH GLICKMAN ROSSIVICE PRESIDENT & DIRECTOR

FRANK NITKIEWICZDIRECTOR

HANNAH GILLIAN COMMOSSDIRECTOR

MIKKI WILSONDIRECTOR

NAOMI COTTRELLTREASURER & DIRECTOR

ROB LEGALLODIRECTOR

SARAH TARBETPRESIDENT & DIRECTOR

XAVIER COLEDIRECTOR

About this charity

Recognized since
January 2022
Location
96 LAFAYETTE ST, SALEM, MA 01970-3625
County
Essex
In care of
FELICIA S PIERCE
Primary officer
FELICIA S PIERCE, CHIEF EXECUTIVE OFFICER

How to reach them

Filing and classification

Latest tax year
2023
Tax period began
January 1, 2023
Return type
990
Tax preparer
COHNREZNICK LLP
NTEE classification
Low-Income & Subsidized Rental Housing (L21)
IRS tax category
Low-Income & Subsidized Rental Housing
Revocation date
May 15, 2021

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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