New Life Properties Inc
- Assets
- $369.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Beulah, ND
- Founding
- 05/1990
- Data as of
- 12/2023
- EIN
- 36-3604960
Organization Overview
New Life Properties Inc is located in Beulah, ND. The organization was established in 1990. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Life Properties Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 12/2023, New Life Properties Inc generated $2.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (49.0%) each year. All expenses for the organization totaled $26.0k 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
TO FORM A HOLDING COMPANY FOR PROPERTIES OWNED AND OPERATED BY NEW LIFE WORSHIP CENTER, A NONPROFIT CORPORATION ALL NET PROCEEDS TO BENEFIT NEW LIFE WORSHIP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pastor Ron Enget President | 5 | $0 | |
Darrin Lee Board Member | 0 | $0 | |
Wayne Sayler Board Member | 3 | $0 | |
Jeremiah Playle Board Member | 0 | $0 | |
Donovan Schnabel Board Member | 0 | $0 | |
Troy Maas Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,315 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $2,315 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $25,816 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $134 |
| Total expenses | $25,950 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,608 |
| Other assets | $0 |
| Total assets | $369,217 |
| Total liabilities | $0 |
| Net assets or fund balances | $369,217 |