New Life Properties Inc
- Assets
- $429.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Beulah, ND
- Founding
- 05/1990
- Data as of
- 12/2021
- 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 12/2021, New Life Properties Inc generated $67.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $82.7k during the year ending 12/2021. While expenses have increased by 10.7% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
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 | |
Wayne Sayler Board Member | 3 | $0 | |
Darrin Lee Board Member | 0 | $0 | |
Jeremiah Playle Board Member | 0 | $0 | |
Ernie Moore Board Member | 0 | $0 | |
Troy Maas Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,733 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $62,000 |
| Total Revenue | $67,733 |
| 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 | $63,677 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $19,046 |
| Total expenses | $82,723 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $21,940 |
| Other assets | $0 |
| Total assets | $429,692 |
| Total liabilities | $0 |
| Net assets or fund balances | $429,692 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Higher Ground Building Company St Paul, MN | $19,969,103 | $1,882,072 |
Montana Assn Of Realtors Helena, MT | $6,057,562 | $1,938,232 |
Realtor Association Of The Sioux Empire Inc Sioux Falls, SD | $2,199,740 | $1,500,544 |
Education Minnesota Properties Inc St Paul, MN | $3,348,632 | $1,061,633 |
Uvlf Opportunities Inc Minneapolis, MN | $22,216 | $75,874 |
Fargo-Moorhead Area Assoc Of Realtors Fargo, ND | $2,902,093 | $879,931 |
Iuoe 49 Agc Building Corporation Hinckley, MN | $11,630,874 | $431,075 |
North Dakota Association Of Realtors Bismarck, ND | $2,222,982 | $853,575 |
Stonebridge Building Company Minneapolis, MN | $4,501,218 | $813,708 |
Westside Ccc Kalispell, MT | $3,203,619 | $1,079,732 |
Wasie Properties Inc Wayzata, MN | $5,766,550 | $0 |
Teamsters Local 120 Building Holding Company Blaine, MN | $4,971,881 | $370,127 |