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Nonprofiteer
← THE FOUNDATION FOR NEWLIFE HOMES

Form 990 for tax year 2022

Filed by THE FOUNDATION FOR NEWLIFE HOMES.

Totals

Total revenue
$93,848
Total expenses
$216,748
Contributions and grants received
$55,394
Grants paid
$0
Program service revenue
$59,212
Investment income
-$20,758
Other revenue
$0
Total assets, end of year
$2,142,368
Total liabilities, end of year
$53,852
Net assets or fund balances, end of year
$2,088,516
Program services expenses (Part IX)
$141,578
Management and general expenses
$75,170
Fundraising expenses
$0
Program service expenses (Part III)
$141,578

Program services were 65.3% 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.

  • 1d · Related organizations

    $52,774

  • 1f · All other contributions, gifts and grants

    $2,620

  • 2a · Program service revenue: MANAGEMENT FEES

    total $57,317 · related or exempt $57,317

  • 2b · Program service revenue: OTHER INCOME

    total $1,895 · related or exempt $1,895

  • 3 · Investment income

    total $35,390 · related or exempt $35,390

  • 7a · Gross sales of assets other than inventory

    securities $436,503

  • 7b · Less cost or other basis and sales expenses

    securities $492,651

  • 7c · Gain or loss

    securities -$56,148

  • 7d · Net gain or loss

    total -$56,148 · related or exempt -$56,148

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $129,135 · program services $105,288 · management and general $23,847

  • 6 · Compensation of disqualified persons

    total $7,315 · program services $7,315

  • 9 · Other employee benefits

    total $8,400 · program services $6,720 · management and general $1,680

  • 10 · Payroll taxes

    total $7,016 · program services $5,613 · management and general $1,403

  • 11c · Fees: accounting

    total $10,631 · management and general $10,631

  • 11f · Fees: investment management

    total $9,341 · management and general $9,341

  • 11g · Fees: other

    total $12,529 · program services $1,202 · management and general $11,327

  • 12 · Advertising and promotion

    total $100 · management and general $100

  • 13 · Office expenses

    total $573 · program services $23 · management and general $550

  • 17 · Travel

    total $3,325 · management and general $3,325

  • 23 · Insurance

    total $26,523 · program services $13,557 · management and general $12,966

  • 24a · Other expenses: WEBSITE DEVELOPMENT

    total $1,860 · program services $1,860

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $718,053 · end of year $130,486

  • 2 · Savings and temporary cash investments

    end of year $766,338

  • 4 · Accounts receivable

    beginning of year $371,193 · end of year $334,131

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,194 · end of year $4,411

  • 11 · Investments: publicly traded securities

    beginning of year $1,031,010 · end of year $907,002

  • 17 · Accounts payable and accrued expenses

    beginning of year $43,217 · end of year $45,519

  • 19 · Deferred revenue

    beginning of year $8,333 · end of year $8,333

  • 27 · Net assets without donor restrictions

    beginning of year $2,073,900 · end of year $2,088,516

Mission and programs · 2022

Mission

PROVIDE SUPPORT SERVICES, INCLUDING MANAGEMENT SERVICES, TO AFFILIATED HOUSING PROJECTS TO PROVIDE HOUSING FOR INDIVIDUALS WITH DISABILITIES AND TO DEVELOP NEW HOUSING PROJECTS.

Activities or mission (Part I)

PROVIDE SUPPORT, INCLUDING MANAGEMENT SERVICES, TO NEW LIFE HOMES AND ITS AFFILIATES IN THEIR WORK TO PROVIDE HOUSING ASSISTANCE TO PERSONS WITH PSYCHOLOGICAL DISABILITIES.

  • PROVIDE SUPPORT SERVICES IN THE LOCATION AND DEVELOPMENT OF NEW HOUSING PROJECTS FOR THE LOW INCOME, HOMELESS AND DISABLED.

    Expenses $128,208 · Revenue $34,822

  • PROVIDE SERVICES TO LOW INCOME AND DISABLED RESIDENTS OF AFFLIATED HOUSING PROJECTS.

    Expenses $13,370 · Revenue $3,632

  • TO PROVIDED INFORMATION AND SERVICES TO THE COMMUNITY IN AND AROUND THE AFFLIATED HOUSING SERVICES.

As filed on the 2022 return.

Listed in Part VII

  • John Bloomfield

    EXECUTIVE DIRECTOR

    Total calculated
    $246,515
    From this org
    $129,135
    From related orgs
    $117,380
    Other
    $0
    Hours/week
    8 + 40 related

    Schedule J breakdown matched by us

    Base
    $119,235 + $117,380 related
    Bonus
    $9,900
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $129,135 + $117,380 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 Guilick

    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.

  • NEW LIFE HOMES INC

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

  • BROADWAY APARTMENTS INC

    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

  • NLH4

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

    Directly controlled by NEW LIFE HOMES INC

  • NLH5

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

  • NLH6

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

Provenance

Return type
form_990
Tax year
2022
Filed
9 October 2023
IRS schema version
2022v5.0
Source object
202303129349302800

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