New Life For Youth Inc
- Assets
- $2.9m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 15
- Location
- N Chesterfield, VA
- Founding
- 08/1972
- Data as of
- 06/2021
- EIN
- 23-7225441
Organization Overview
New Life For Youth Inc is located in N Chesterfield, VA. The organization was established in 1972. According to its NTEE Classification (F33) the organization is classified as: Residential Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2021, New Life For Youth Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Life For Youth 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 06/2021, New Life For Youth Inc generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $871.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHRISTIAN-BASED DRUG AND ALCOHOL DISCIPLESHIP TRAINING PROGRAM FOR MEN AND WOMEN
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEN'S ADULT DRUG AND ALCOHOL DISCIPLESHIP TRAINING PROGRAM USUALLY AVERAGES 40 RESIDENTS WITH AN AVERAGE PERIOD OF RESIDENCE OF ONE (1) YEAR. MERCY HOUSE WOMEN'S HOME IS USUALLY OCCUPIED BY 24 WOMEN WITH AN AVERAGE RESIDENCE PERIOD OF ONE YEAR FOR EACH RESIDENT. MERCY MOM'S HOME IS USUALLY OCCUPIED BY 4-5 MOTHERS WITH THEIR CHILDREN FOR AN AVERAGE RESIDENCE PERIOD OF 6 MONTHS TO ONE YEAR.
MEN'S ADULT DRUG AND ALCOHOL DISCIPLESHIP TRAINING PROGRAM USUALLY AVERAGES 40 RESIDENTS WITH AN AVERAGE PERIOD OF RESIDENCE OF ONE (1) YEAR. MERCY HOUSE WOMEN'S HOME IS USUALLY OCCUPIED BY 24 WOMEN WITH AN AVERAGE RESIDENCE PERIOD OF ONE YEAR FOR EACH RESIDENT. MERCY MOM'S HOME IS USUALLY OCCUPIED BY 4-5 MOTHERS WITH THEIR CHILDREN FOR AN AVERAGE RESIDENCE PERIOD OF 6 MONTHS TO ONE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victor M Torres President | OfficerTrustee | 40 | $31,200 |
Carlos Rivera Director | Trustee | 40 | $13,100 |
Charles Cochran Sec./treas. | OfficerTrustee | $0 | |
Rosalinda Rivera Vice Preside | OfficerTrustee | 40 | $0 |
John Harrison Director | Trustee | $0 | |
Rick Mckeel Director | Trustee | $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 | $878,313 |
| Noncash contributions included in lines 1a–1f | $59,809 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $878,313 |
| Total Program Service Revenue | $88,000 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,990 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,075,122 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $190,165 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $29,782 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $106 |
| Fees for services: Accounting | $5,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $750 |
| Advertising and promotion | $770 |
| Office expenses | $31,033 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $193,928 |
| Travel | $11,372 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $43,066 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $175,192 |
| Insurance | $40,260 |
| All other expenses | $0 |
| Total functional expenses | $871,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,857 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,751,278 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $413 |
| Other assets | -$191 |
| Total assets | $2,888,357 |
| Accounts payable and accrued expenses | $13,509 |
| 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 | $1,266,957 |
| Other liabilities | $44,275 |
| Total liabilities | $1,324,741 |
| Net assets without donor restrictions | $1,563,616 |
| Net assets with donor restrictions | $0 |
| 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 | $2,888,357 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that New Life For Youth Inc has recieved totaling $37,000.
| Awarding Organization | Amount |
|---|---|
Vanguard Charitable Endowment Program Southeastern, PA PURPOSE: FOR RECIPIENT'S EXEMPT PURPOSE | $30,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $7,000 |
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|---|---|---|
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Cedar Lake Lodge Inc Louisville, KY | $20,570,486 | $29,271,198 |
Crossnore Communities For Children Crossnore, NC | $41,820,872 | $36,255,249 |
Penn Mar Organization Inc Freeland, MD | $14,753,991 | $21,544,690 |
Community Multi Services Inc Silver Spring, MD | $5,493,685 | $18,375,750 |
Pathway Homes Inc Fairfax, VA | $26,877,670 | $17,405,193 |
Vesta Inc Lanham, MD | $93,468,141 | $23,840,166 |
B & D Integrated Health Services Durham, NC | $4,788,708 | $11,835,093 |
Cooperriis Inc Mill Spring, NC | $12,718,463 | $13,153,723 |
Comprehend Inc Regional Mental Health-Mental Retardation Board In Maysville, KY | $11,822,807 | $11,248,090 |
Residential Services Inc Chapel Hill, NC | $17,802,150 | $11,666,621 |
Fidelity Resources Incorporated Towson, MD | $5,393,131 | $13,537,052 |