New Life Community Development Corporation
- Assets
- $789.6k
- Revenue
- $456.7k
- Investments
- $0.0
- Employees
- 8
- Location
- Elmhurst, NY
- Founding
- 07/1994
- Data as of
- 12/2022
- EIN
- 11-3204890
Organization Overview
New Life Community Development Corporation is located in Elmhurst, NY. The organization was established in 1994. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2022, New Life Community Development Corporation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Life Community Development Corporation 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 12/2022, New Life Community Development Corporation generated $456.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $623.9k during the year ending 12/2022. While expenses have increased by 9.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE RELIEF, CULTIVATE RESTORATION, AND MODEL REINVESTMENT AMONG THE POOR AND MARGINALIZED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR THANKFUL FOR FAMILIES PROGRAM BEGAN IN 2021 AND CONTINUED IN 2022 TO PROVIDE UNRESTRICTED FINANCIAL SUPPORT TO LOCAL LOW INCOME FAMILIES OVERCOMING ONGOING HARDSHIPS OF THE COVID 19 PANDEMIC AS WELL AS HURRICANE IDA STORM DAMAGE. 81 FAMILIES RECEIVED $250 GIFT CARDS TOTALING $21,000 TO ASSIST IN FIGHTING ONGOING FOOD AND HOUSING INSECURITY AND COVERING OTHER CRITICAL EXPENSES.
THE NEW LIFE FOOD & CLOTHING PANTRY OPERATED ON 51 DAYS PROVIDING 892 BAGS OF GROCERIES TO LOCAL FAMILIES. OUR HOMELESS MINISTRY OPERATED ON 103 DAYS, PREPARING AND DISTRIBUTING 6,988 MEALS TO A GROWING NUMBER OF NEIGHBORS LIVING ON THE STREET. 26 UNIQUE VOLUNTEERS DEDICATED TIME TO SUPPORT DISTRIBUTION OF MEALS AND GROCERIES TO A TOTAL OF 230 UNIQUE INDIVIDUALS.
THE NEW LIFE COMMUNITY HEALTH CENTER WAS OPEN 100 DAYS SUPPORTING 2,330 VISITS FROM 203 UNIQUE CLIENTS INCLUDING 1,856 SHOWERS TO HOMELESS NEIGHBORS. FORTY VOLUNTEERS SERVED A TOTAL OF 2,338 HOURS TO DELIVER THIS CARE AND TO TRAIN STUDENTS AND PROVIDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice President | OfficerTrustee | 2 | $0 |
Name Not Listed Chairman | OfficerTrustee | 2 | $0 |
Name Not Listed Secretary | OfficerTrustee | 2 | $0 |
Name Not Listed President | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 2 | $0 |
Name Not Listed Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $454,089 |
| Noncash contributions included in lines 1a–1f | $65,838 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $454,089 |
| Total Program Service Revenue | $0 |
| Investment income | $183 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $456,691 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $112,455 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $102,012 |
| Compensation of current officers, directors, key employees. | $26,880 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $166,611 |
| Pension plan accruals and contributions | $800 |
| Other employee benefits | $66,422 |
| Payroll taxes | $18,809 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,564 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,755 |
| Advertising and promotion | $3,216 |
| Office expenses | $6,355 |
| Information technology | $7,753 |
| Royalties | $0 |
| Occupancy | $9,407 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,822 |
| Insurance | $2,250 |
| All other expenses | $0 |
| Total functional expenses | $623,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,889 |
| Savings and temporary cash investments | $604,962 |
| Pledges and grants receivable | $54,760 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,590 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $22,438 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $789,639 |
| Accounts payable and accrued expenses | $17,853 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $17,853 |
| Net assets without donor restrictions | $643,398 |
| Net assets with donor restrictions | $128,388 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $789,639 |