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Nonprofiteer
← NLH 2

Form 990 for tax year 2022

Filed by NLH 2.

Totals

Total revenue
$134,698
Total expenses
$169,397
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$134,683
Investment income
$15
Other revenue
$0
Total assets, end of year
$850,508
Total liabilities, end of year
$1,329,523
Net assets or fund balances, end of year
-$479,015
Program services expenses (Part IX)
$152,272
Management and general expenses
$17,125
Fundraising expenses
$0
Program service expenses (Part III)
$152,272

Program services were 89.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: FUNDS FROM GOV'T AGENC

    total $80,195 · related or exempt $80,195

  • 2b · Program service revenue: RENTAL INCOME TENANTS

    total $54,008 · related or exempt $54,008

  • 2c · Program service revenue: MISCELLANEOUS REVENUE

    total $480 · related or exempt $480

  • 3 · Investment income

    total $15 · related or exempt $15

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $19,522 · program services $19,522

  • 9 · Other employee benefits

    total $1,477 · program services $1,477

  • 10 · Payroll taxes

    total $2,679 · program services $2,679

  • 11a · Fees: management

    total $11,361 · management and general $11,361

  • 11c · Fees: accounting

    total $5,764 · management and general $5,764

  • 12 · Advertising and promotion

    total $118 · program services $118

  • 13 · Office expenses

    total $4,218 · program services $4,218

  • 16 · Occupancy

    total $73,105 · program services $73,105

  • 22 · Depreciation, depletion and amortization

    total $35,019 · program services $35,019

  • 23 · Insurance

    total $12,938 · program services $12,938

  • 24a · Other expenses: MISC. TAXES, LICENSE, P

    total $1,121 · program services $1,121

  • 24b · Other expenses: TRAINING

    total $642 · program services $642

  • 24c · Other expenses: OTHER RENTING EXPENSE

    total $534 · program services $534

  • 24d · Other expenses: SERVICE CHARGES

    total $341 · program services $341

  • 24e · All other expenses

    total $558 · program services $558

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,378 · end of year $10,548

  • 4 · Accounts receivable

    beginning of year $1,477 · end of year $5,879

  • 10a · Land, buildings and equipment: cost or other basis

    $1,481,736

  • 10b · Land, buildings and equipment: accumulated depreciation

    $686,009

  • 10c · Land, buildings and equipment, net

    beginning of year $830,746 · end of year $795,727

  • 15 · Other assets

    beginning of year $57,577 · end of year $38,354

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,098 · end of year $5,119

  • 19 · Deferred revenue

    beginning of year $2,164 · end of year $438

  • 25 · Other liabilities

    beginning of year $1,323,232 · end of year $1,323,966

  • 27 · Net assets without donor restrictions

    beginning of year -$444,316 · end of year -$479,015

Mission and programs · 2022

Mission

ESTABLISH, MAINTAIN, AND OPERATE A PROGRAM TO PROVIDE AFFORDABLE HOUSING FOR THE DISABLED, INDIGENT, AND UNDERPRIVILEDGED.

  • HOUSING PROJECT WAS FULLY OCCUPIED BY ELIGIBLE TENANTS AND IS IN COMPLIANCE WITH REGULATORY AGREEMENT.

    Expenses $152,272 · Revenue $134,698

As filed on the 2022 return.

Listed in Part VII

  • John Bloomfield

    EXECUTIVE DIRECTOR

    Total calculated
    $246,515
    From this org
    $0
    From related orgs
    $246,515
    Other
    $0
    Hours/week
    8 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $236,615 related
    Bonus
    $0 + $9,900 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $246,515 related

  • Will Reardon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 1 related

  • Russell Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 1 related

  • Chandra Doran

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 1 related

  • Paul Van Gulick

    PRESIDENT/TREASURER

    Total calculated
    $0
    Hours/week
    0.2 + 1 related

  • Patricia Ray

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.2 + 1 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • BROADWAY APARTMENTS

    501(C)(3) · SUBSIDIZED HOUSING FOR THE DISABLED · NM

  • NEWLIFE HOMES

    501(C)(3) · SUBSIDIZED HOUSING FOR THE DISABLED · NM

  • NLH3

    501(C)(3) · HUD SUBSIDIZED HOUSING FOR THE DISABLED · NM

  • NLH5

    501(C)(3) · HUD SUBSIDIZED HOUSING FOR THE DISABLED · NM

  • NLH6

    501(C)(3) · HUD SUBSIDIZED HOUSING FOR THE DISABLED · NM

  • THE FOUNDATION FOR NEW LIFE HOMES

    501(C)(3) · FOUNDATION TO PROVIDE SERVICES FOR HOUSING FOR DISABLED · NM

Provenance

Return type
form_990
Tax year
2022
Filed
9 October 2023
IRS schema version
2022v5.0
Source object
202343129349302764

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