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Nonprofiteer
← NEWLIFE HOMES INC

Form 990 for tax year 2023

Filed by NEWLIFE HOMES INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 15 May 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$634,271 changed to $625,279
Total expenses
$718,500 changed to $831,321
Contributions and grants received
$175 changed to $0
Program service revenue
$618,873 changed to $609,881
Other revenue
$0 changed to $175
Total assets, end of year
$7,190,356 changed to $7,146,167
Total liabilities, end of year
$7,703,071 changed to $7,688,093
Net assets or fund balances, end of year
-$512,715 changed to -$541,926
Program services expenses
$619,177 changed to $561,161
Management and general expenses
$99,323 changed to $270,160
Program service expenses (Part III)
$619,177 changed to $561,161

Listed only on the earlier return

  • Will Reardon

Totals

Total revenue
$634,271
Total expenses
$718,500
Contributions and grants received
$175
Grants paid
$0
Program service revenue
$618,873
Investment income
$15,223
Other revenue
$0
Total assets, end of year
$7,190,356
Total liabilities, end of year
$7,703,071
Net assets or fund balances, end of year
-$512,715
Program services expenses (Part IX)
$619,177
Management and general expenses
$99,323
Fundraising expenses
$0
Program service expenses (Part III)
$619,177

Program services were 86.2% 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.

  • 1f · All other contributions, gifts and grants

    $175

  • 2a · Program service revenue: RENTAL INCOME

    total $618,873 · related or exempt $618,873

  • 3 · Investment income

    total $15,223 · excluded $15,223

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $34,932 · management and general $34,932

  • 7 · Other salaries and wages

    total $50,383 · program services $38,071 · management and general $12,312

  • 9 · Other employee benefits

    total $9,195 · program services $9,195

  • 10 · Payroll taxes

    total $10,764 · program services $7,196 · management and general $3,568

  • 11b · Fees: legal

    total $1,980 · program services $1,980

  • 11c · Fees: accounting

    total $17,247 · management and general $17,247

  • 12 · Advertising and promotion

    total $87 · management and general $87

  • 13 · Office expenses

    total $7,489 · program services $5,041 · management and general $2,448

  • 14 · Information technology

    total $8,833 · program services $8,833

  • 16 · Occupancy

    total $221,756 · program services $221,756

  • 20 · Interest

    total $28,729 · management and general $28,729

  • 22 · Depreciation, depletion and amortization

    total $198,460 · program services $198,460

  • 23 · Insurance

    total $71,292 · program services $71,292

  • 24a · Other expenses: MANAGEMENT FEE

    total $16,577 · program services $16,577

  • 24b · Other expenses: REAL ESTATE TAXES

    total $16,155 · program services $16,155

  • 24c · Other expenses: BAD DEBTS

    total $8,576 · program services $8,576

  • 24d · Other expenses: CONTRACTS

    total $3,502 · program services $3,502

  • 24e · All other expenses

    total $12,543 · program services $12,543

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $58,573 · end of year $120,748

  • 4 · Accounts receivable

    beginning of year $9,371 · end of year $11,299

  • 7 · Other notes and loans receivable

    beginning of year $56,017

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,240 · end of year $29,268

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

    $8,081,780

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

    $2,830,570

  • 10c · Land, buildings and equipment, net

    beginning of year $5,468,542 · end of year $5,251,210

  • 15 · Other assets

    beginning of year $1,788,904 · end of year $1,777,831

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,835 · end of year $24,789

  • 25 · Other liabilities

    beginning of year $7,689,980 · end of year $7,678,282

  • 27 · Net assets without donor restrictions

    beginning of year -$305,168 · end of year -$512,715

Mission and programs · 2023

Mission

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.

  • PORIVDED VERY LOW INCOME AND DISABLED PERSONS, WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS.

    Expenses $619,177 · Revenue $618,873

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

Listed in Part VII

  • John Bloomfield

    EXECUTIVE DI

    Total calculated
    $0
    Hours/week
    8 + 40 related

  • Chandra Doran

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 1 related

  • Paul Van Gulick

    PRESIDENT/TR

    Total calculated
    $0
    Hours/week
    0.2 + 1 related

  • Patricia Ray

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.2 + 1 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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202531359349315683

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