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Nonprofiteer
← NEW LIFE HOLDING CORPORATION

Form 990 for tax year 2022

Filed by NEW LIFE HOLDING CORPORATION.

Totals

Total revenue
$14,400
Total expenses
$4,503,053
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$14,400
Investment income
$0
Other revenue
$0
Total assets, end of year
$108,568,702
Total liabilities, end of year
$5,406,609
Net assets or fund balances, end of year
$103,162,093
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

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: Rental Income

    total $14,400 · related or exempt $14,400

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $0

  • 11g · Fees: other

    total $0

  • 22 · Depreciation, depletion and amortization

    total $4,498,194

  • 24a · Other expenses: Equipment Rental and Maintenance

    total $4,622

  • 24b · Other expenses: Supplies

    total $237

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $135,774 · end of year $149,173

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $269

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

    $133,401,671

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

    $24,982,411

  • 10c · Land, buildings and equipment, net

    beginning of year $109,408,846 · end of year $108,419,260

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $92,588 · end of year $91,325

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $1,801,286 · end of year $5,315,284

  • 27 · Net assets without donor restrictions

    beginning of year $107,650,746 · end of year $103,162,093

Mission and programs · 2022

Mission

New Life Holding Corporation was organized as a holding corporation for the purposes of holding ownership title to real estate property and benefiting its parent organization, New Life Association, Inc.

Activities or mission (Part I)

Holding title to property.

  • New Life Holding Corporation is organized and operated exclusively for the purpose of holding title to property, collecting income therefrom, and turning over the entire amount thereof, less expenses, to New Life Association, Inc.

As filed on the 2022 return.

Listed in Part VII

  • Jamie Wommack

    President

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Paul Milligan

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Andrew Wertz

    Director

    Total calculated
    $142,807
    From this org
    $0
    From related orgs
    $135,094
    Other
    $7,713
    Hours/week
    1 + 40 related

  • Chris Suess

    Director

    Total calculated
    $102,877
    From this org
    $0
    From related orgs
    $95,931
    Other
    $6,946
    Hours/week
    1 + 40 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.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
14 August 2024
IRS schema version
2022v5.0
Source object
202442279349301609

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