Our New Beginnings Inc
- Assets
- $114.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- North Billerica, MA
- Founding
- 04/1999
- Data as of
- 12/2023
- EIN
- 04-3438250
Organization Overview
Our New Beginnings Inc is located in North Billerica, MA. The organization was established in 1999. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Our New Beginnings Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Our New Beginnings Inc generated $3.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (17.1%) each year. All expenses for the organization totaled $20.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
DEVELOPE AND MAINTAIN HOUSING FOR INDIVIDUALS WITH DISABILITIES. TO ENTER INTO AGREEMENTS, TO LEASE LAND, DEVELOPE FACIILITIES AND ENTER INTO CONTRACTS WITH VENDORS TO PROVIDE SERVICES ON BEHALF OF INDIVIDUALS WITH DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Robbins President | 10 | $0 | |
Kelly Ann Robbins Treasurer | 2 | $0 | |
Handoula Usman Board Member | 2 | $0 | |
Diane W Veloso Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,412 |
| Membership dues | $0 |
| Investment income | $1,051 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $3,463 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $400 |
| Occupancy, rent, utilities, and maintenance | $19,005 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $961 |
| Total expenses | $20,366 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $20,144 |
| Other assets | $0 |
| Total assets | $114,810 |
| Total liabilities | $0 |
| Net assets or fund balances | $114,810 |