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Nonprofiteer
← NEWLIFE HOMES INC

Form 990 for tax year 2022

Filed by NEWLIFE HOMES INC.

Totals

Total revenue
$572,791
Total expenses
$732,287
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$570,011
Investment income
$2,780
Other revenue
$0
Total assets, end of year
$7,405,647
Total liabilities, end of year
$7,710,815
Net assets or fund balances, end of year
-$305,168
Program services expenses (Part IX)
$674,387
Management and general expenses
$57,900
Fundraising expenses
$0
Program service expenses (Part III)
$674,387

Program services were 92.1% 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: RENTAL INCOME

    total $531,946 · related or exempt $531,946

  • 2b · Program service revenue: OTHER INCOME

    total $38,129 · related or exempt $38,129

  • 2c · Program service revenue: PARTNERSHIP LOSSES

    total -$64 · related or exempt -$64

  • 3 · Investment income

    total $2,780 · related or exempt $2,780

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $28,677 · management and general $28,677

  • 7 · Other salaries and wages

    total $59,246 · program services $59,246

  • 10 · Payroll taxes

    total $9,430 · program services $7,519 · management and general $1,911

  • 11a · Fees: management

    total $14,874 · management and general $14,874

  • 11c · Fees: accounting

    total $17,372 · program services $4,934 · management and general $12,438

  • 12 · Advertising and promotion

    total $589 · program services $589

  • 13 · Office expenses

    total $31,665 · program services $31,665

  • 16 · Occupancy

    total $236,226 · program services $236,226

  • 20 · Interest

    total $29,366 · program services $29,366

  • 21 · Payments to affiliates

    total $52,774 · program services $52,774

  • 22 · Depreciation, depletion and amortization

    total $198,301 · program services $198,301

  • 23 · Insurance

    total $29,323 · program services $29,323

  • 24a · Other expenses: TAXES, LICENSES, FEES

    total $21,774 · program services $21,774

  • 24b · Other expenses: BAD DEBT

    total $1,560 · program services $1,560

  • 24c · Other expenses: OTHER RENTING EXPENSE

    total $507 · program services $507

  • 24d · Other expenses: COMPLIANCE & MONITORING

    total $420 · program services $420

  • 24e · All other expenses

    total $183 · program services $183

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $52,571 · end of year $58,573

  • 4 · Accounts receivable

    beginning of year $7,361 · end of year $9,371

  • 7 · Other notes and loans receivable

    beginning of year $51,908 · end of year $56,017

  • 9 · Prepaid expenses and deferred charges

    beginning of year $180 · end of year $24,240

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

    $8,154,607

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

    $2,686,065

  • 10c · Land, buildings and equipment, net

    beginning of year $5,666,843 · end of year $5,468,542

  • 15 · Other assets

    beginning of year $1,787,972 · end of year $1,788,904

  • 17 · Accounts payable and accrued expenses

    beginning of year $24,390 · end of year $20,835

  • 23 · Secured mortgages and notes payable

    beginning of year $7,643,039 · end of year $7,632,931

  • 25 · Other liabilities

    beginning of year $45,078 · end of year $57,049

  • 27 · Net assets without donor restrictions

    beginning of year -$145,672 · end of year -$305,168

Mission and programs · 2022

Mission

NEW LIFE HOMES PROVIDES LOW INCOME HOUSING FOR FAMILIES AND INDIVIDUALS THAT HAVE MENTAL ILLNESSES AND/OR VERY LOW INCOME. DURING THE CURRENT YEAR IT OPERATED TWO HOUSING FACILITIES.

Activities or mission (Part I)

TO FOSTER THE DEVELOPMENT OF HOUSING FOR PERSONS WITH PSYCHIATRIC DISABILITIES AND/OR PERSONS OF VERY LOW INCOME. WITHIN THAT PURPOSE, THE ORGANIZATION SHALL ENGAGE IN ACTIVITIES TO CREATE, DEVELOP, OPERATE OR SUPPORT VARIOUS HOUSING OPTIONS FOR PERSONS WITH PSYCHIATRIC DISABILITIES AND VERY LOW INCOME.

  • NEW LIFE HOMES PROVIDES LOW INCOME HOUSING FOR FAMILIES AND INDIVIDUALS THAT HAVE MENTAL ILLNESSES AND/OR VERY LOW INCOME.

    Expenses $674,387 · Revenue $572,791

As filed on the 2022 return.

Listed in Part VII

  • John Bloomfield

    EXECUTIVE DIRECTOR

    Total calculated
    $246,515
    From this org
    $28,677
    From related orgs
    $217,838
    Other
    $0
    Hours/week
    8 + 40 related

    Schedule J breakdown matched by us

    Base
    $28,677 + $217,838 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $28,677 + $217,838 related

  • Russell Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 1 related

  • Will Reardon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 1 related

  • Chandra Doran

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 1 related

  • Patricia Ray

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.2 + 1 related

  • Paul Van Gulick

    PRESIDENT/TREASURER

    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 INC

    501(C)(3) · HOUSING FOR LOW INCOME AND DISABLED PEOPLE · NM

  • FOUNDATION FOR NEW LIFE HOMES

    501(C)(3) · HOUSING FOR LOW INCOME AND DISABLED PEOPLE · NM

  • NLH2

    501(C)(3) · HOUSING FOR LOW INCOME AND DISABLED PEOPLE · NM

  • NLH3

    501(C)(3) · HOUSING FOR LOW INCOME AND DISABLED PEOPLE · NM

  • NLH5

    501(C)(3) · HOUSING FOR LOW INCOME AND DISABLED PEOPLE · NM

  • NLH6

    501(C)(3) · HOUSING FOR LOW INCOME AND DISABLED PEOPLE · NM

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • NLH 4

    HOUSING FOR LOW INCOME AND DISABLED PEOPLE · NM

  • LUNA LODGE LLC

    HOUSING FOR LOW INCOME AND DISABLED PEOPLE · NM

  • KOKO KAVE LLC

    HOUSING FOR LOW INCOME AND DISABLED PEOPLE · NM

  • INDABA LLC

    HOUSING FOR LOW INCOME AND DISABLED PEOPLE · NM

  • SUNDOWNER

    HOUSING FOR LOW INCOME AND DISABLED PEOPLE · NM

Provenance

Return type
form_990
Tax year
2022
Filed
19 October 2023
IRS schema version
2022v5.0
Source object
202343129349302499

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