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Nonprofiteer
← NEW LIFE VILLAGE INC

Form 990 for tax year 2023

Filed by NEW LIFE VILLAGE INC.

Totals

Total revenue
$1,690,560
Total expenses
$1,526,329
Contributions and grants received
$1,065,013
Grants paid
$0
Program service revenue
$593,078
Investment income
$0
Other revenue
$32,469
Total assets, end of year
$8,600,085
Total liabilities, end of year
$3,420,649
Net assets or fund balances, end of year
$5,179,436
Program services expenses (Part IX)
$1,275,664
Management and general expenses
$115,316
Fundraising expenses
$135,349
Program service expenses (Part III)
$1,275,664

Program services were 83.6% 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.

  • 1e · Government grants (contributions)

    $544,698

  • 1f · All other contributions, gifts and grants

    $520,315

  • 2a · Program service revenue: RENTAL INCOME

    total $593,078 · related or exempt $593,078

  • 8a · Fundraising events: gross income

    $66,532

  • 8b · Fundraising events: direct expenses

    $34,063

  • 8c · Net income from fundraising events

    total $32,469

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $114,231 · program services $45,692 · management and general $17,135 · fundraising $51,404

  • 7 · Other salaries and wages

    total $299,628 · program services $248,147 · management and general $7,697 · fundraising $43,784

  • 9 · Other employee benefits

    total $30,439 · program services $21,612 · management and general $1,826 · fundraising $7,001

  • 10 · Payroll taxes

    total $43,869 · program services $31,147 · management and general $2,632 · fundraising $10,090

  • 11b · Fees: legal

    total $1,888 · program services $1,888

  • 11c · Fees: accounting

    total $49,775 · program services $41,865 · management and general $7,910

  • 11g · Fees: other

    total $256,378 · program services $232,962 · management and general $7,702 · fundraising $15,714

  • 12 · Advertising and promotion

    total $11,582 · program services $5,790 · management and general $2,896 · fundraising $2,896

  • 13 · Office expenses

    total $84,083 · program services $50,450 · management and general $33,633

  • 14 · Information technology

    total $7,839 · program services $4,703 · management and general $2,352 · fundraising $784

  • 16 · Occupancy

    total $156,359 · program services $153,232 · management and general $3,127

  • 17 · Travel

    total $4,565 · program services $3,651 · management and general $457 · fundraising $457

  • 19 · Conferences, conventions and meetings

    total $22,712 · program services $14,990 · management and general $5,451 · fundraising $2,271

  • 20 · Interest

    total $72,993 · program services $58,876 · management and general $14,117

  • 22 · Depreciation, depletion and amortization

    total $241,098 · program services $236,276 · management and general $4,822

  • 23 · Insurance

    total $70,257 · program services $68,852 · management and general $1,405

  • 24a · Other expenses: PROGRAM SUPPLIES

    total $49,761 · program services $49,761

  • 24b · Other expenses: CLIENT HOLIDAY PARTY

    total $5,080 · program services $4,064 · management and general $1,016

  • 24c · Other expenses: FEES AND LICENSES

    total $3,792 · program services $1,706 · management and general $1,138 · fundraising $948

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $158,990 · end of year $65,408

  • 2 · Savings and temporary cash investments

    beginning of year $582 · end of year $582

  • 3 · Pledges and grants receivable

    beginning of year $232,945 · end of year $361,808

  • 4 · Accounts receivable

    beginning of year $3,096

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,752 · end of year $22,435

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

    $8,809,665

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

    $1,151,667

  • 10c · Land, buildings and equipment, net

    beginning of year $7,012,805 · end of year $7,657,998

  • 15 · Other assets

    beginning of year $62,796 · end of year $491,854

  • 17 · Accounts payable and accrued expenses

    beginning of year $57,385 · end of year $168,582

  • 22 · Loans and payables to officers and key people

    end of year $250,000

  • 24 · Unsecured notes and loans payable

    beginning of year $331,095 · end of year $396,877

  • 25 · Other liabilities

    beginning of year $1,852,364 · end of year $2,605,190

  • 27 · Net assets without donor restrictions

    beginning of year $5,101,012 · end of year $5,177,301

  • 28 · Net assets with donor restrictions

    beginning of year $152,110 · end of year $2,135

Mission and programs · 2023

Mission

NEW LIFE VILLAGE PROVIDES A RESIDENTIAL COMMUNITY WHERE FAMILIES SEEKING PERMANENCY FOR CHILDREN IMPACTED BY FOSTER CARE OR TRAUMA CAN SEEK HEALING IN A SAFE AND STABLE INTERGENERATIONAL VILLAGE.

  • NLV PROVIDES AN AFFORDABLE HOUSING PROGRAM FOR 51 HOUSEHOLDS. APPROXIMATELY 95% OF NLV RESIDENTS ARE BELOW 80% OF THE AREA MEDIUM INCOME MEANING THEY ARE LOW INCOME. BY PROVIDING AFFORDABLE AND ATTAINABLE HOUSING FOR OUR RESIDENTS, CAREGIVERS ARE ABLE TO SAVE FOR HOMEOWNERSHIP, REPAIR CREDIT, AND INVEST IN RAISING THE TRAUMA IMPACTED YOUTH IN THEIR CARE. NLV RENTS ARE OVER 1,000/MONTH UNDER MARKET RATES FOR COMPARABLE RENTALS IN THE TAMPA AREA. AFFORDABLE 3 & 4 BEDROOM RENTALS ARE VERY RARE IN THE TAMPA AREA AND ALMOST ALWAYS HAVE SIGNIFICANT WAITING LISTS. OFTEN CAREGIVERS ARE IN NEED OF LARGE BEDROOM UNITS TO CARE FOR SIBLINGS GROUPS IN FOSTER CARE. IN 2023, THE VILLAGE OPENED 16 TOWNHOMES OFFERING AFFORDABLE 3 & 4-BEDROOM UNITS FOR THIS EXACT REASON.

    Expenses $895,004 · Revenue $593,078

  • NLV'S TRAUMA INFORMED WELLNESS, RESILIENCE AND CHARACTER DEVELOPMENT PROGRAM SERVES APPROX 170 RESIDENTS, 115 BEING CHILDREN AND THE REST CAREGIVERS OR SERVING SENIORS. THE PROGRAM IS DESIGNED FOR CHILDREN FORMERLY IN FOSTER CARE AND/OR AFFECTED BY TRAUMA. THEIR FOSTER/ADOPTIVE/ KINSHIP FAMILIES NOW PROVIDE THEM WITH PERMANENCY. ALSO, ELDERS SEEKING MEANING AND PURPOSE IN RETIREMENT SERVE AS SURROGATE GRANDPARENTS,TUTORS, AND MENTORS TO THE CHILDREN IN THE VILLAGE. NLV'S COMMUNITY-DRIVEN INTEGRATED ONSITE SERVICES IMPROVE HEALTH AND WELLBEING BY PROVIDING WRAP AROUND SERVICES INCLUDING FAMILY SUPPORT PLAN-ORIENTED CASE MANAGEMENT, SERVICE NAVIGATION AND REFERRALS, COMMUNITY EVENTS TO HELP CHILDREN HEAL, CAREGIVERS TO REALIZE RESOURCES TO PROMOTE (CONTINUED ON SCHEDULE O)

    Expenses $380,660

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mariah Hayden

    EXECUTIVE DI

    Total calculated
    $111,980
    From this org
    $111,980
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Ann Marie Bell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Silvana Capaldi

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Heather Cazzola

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Frank Cornier

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Vecelia Johnson

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Gavin Nelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Frank Pazdzinski

    FORMER TREAS

    Total calculated
    $0
    Hours/week
    2

  • Michael Perotti

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jim Resch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jamie Tucker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Joe Wessel

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Tom Willett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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.

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.

  • NEW LIFE VILLAGE CONDOMINIUM ASSOCIATION

    C CORP · CONDO ASSC · FL

Provenance

Return type
form_990
Tax year
2023
Filed
13 June 2025
IRS schema version
2023v6.0
Source object
202511969349301786

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