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Nonprofiteer
← THE FOUNDATION FOR NEWLIFE HOMES

Form 990 for tax year 2024

Filed by THE FOUNDATION FOR NEWLIFE HOMES.

Totals

Total revenue
$208,595
Total expenses
$223,851
Contributions and grants received
$500
Grants paid
$0
Program service revenue
$122,291
Investment income
$83,834
Other revenue
$1,970
Total assets, end of year
$2,238,876
Total liabilities, end of year
$49,451
Net assets or fund balances, end of year
$2,189,425
Program services expenses (Part IX)
$173,358
Management and general expenses
$50,493
Fundraising expenses
$0
Program service expenses (Part III)
$173,358

Program services were 77.4% 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)

    $500

  • 2a · Program service revenue: MANAGEMENT FEES

    total $122,291 · related or exempt $122,291

  • 3 · Investment income

    total $83,834 · excluded $83,834

  • 11a · Other revenue: UTILITY CREDIT

    total $1,970 · related or exempt $1,970

  • 11e · Other revenue, total

    $1,970

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $159,870 · program services $127,896 · management and general $31,974

  • 7 · Other salaries and wages

    total $18,440 · program services $14,752 · management and general $3,688

  • 9 · Other employee benefits

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

  • 10 · Payroll taxes

    total $8,053 · program services $6,442 · management and general $1,611

  • 11c · Fees: accounting

    total $2,997 · management and general $2,997

  • 12 · Advertising and promotion

    total $100 · management and general $100

  • 13 · Office expenses

    total $774 · management and general $774

  • 17 · Travel

    total $3,282 · management and general $3,282

  • 23 · Insurance

    total $21,935 · program services $17,548 · management and general $4,387

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $124,909 · end of year $67,093

  • 4 · Accounts receivable

    beginning of year $331,235 · end of year $351,263

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,391 · end of year $4,605

  • 11 · Investments: publicly traded securities

    beginning of year $1,753,100 · end of year $1,815,915

  • 17 · Accounts payable and accrued expenses

    beginning of year $47,934 · end of year $49,451

  • 27 · Net assets without donor restrictions

    beginning of year $2,162,701 · end of year $2,189,425

Mission and programs · 2024

Mission

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

  • THE FOUNDATION TAKE IN DEVELOPER FEES AND OTHER INCOME, AND BUILDS UP RESERVES TO EXPEND ON NEW PROJECTS, AND IN SUPPORT OF THE OTHER NLH ENTITIES.

    Expenses $173,358 · Revenue $122,291

As filed on the 2024 return.

Listed in Part VII

  • 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

  • Russell Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 1 related

  • Chandra Doran

    DIRECOTR

    Total calculated
    $0
    Hours/week
    0.2 + 1 related

  • John Bloomfield

    EXECUTIVE DI

    Total calculated
    $159,870
    From this org
    $159,870
    From related orgs
    $0
    Other
    $0
    Hours/week
    8 + 40 related

    Schedule J breakdown matched by us

    Base
    $159,870
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $159,870

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

None.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
17 January 2026
IRS schema version
2024v5.0
Source object
202640179349300314

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