New Life Development Inc
- Assets
- $1.6m
- Revenue
- $512.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Anchorage, AK
- Founding
- 03/2005
- Data as of
- 12/2021
- EIN
- 56-2356407
Organization Overview
New Life Development Inc is located in Anchorage, AK. The organization was established in 2005. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Life Development 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 12/2021, New Life Development Inc generated $512.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $492.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victor Marbury Secretary | 2 | $0 | |
Claire Wadduo Treasurer | 5 | $0 | |
Neisha Jones President | 5 | $0 | |
Marita Allen Vice President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $187,312 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $324,729 |
| Total Revenue | $512,041 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $297,694 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $188,569 |
| Total operating and administrative expenses | $492,263 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $492,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,171 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $12,607 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,600,000 |
| Other assets | $0 |
| Total assets | $1,619,778 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $446,817 |
| Total liabilities | $446,817 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Life Development Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Providence Alaska Foundation Anchorage, AK PURPOSE: COMMUNITY BENEFIT RESTRICTED GRANT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youthcare Seattle, WA | $27,326,626 | $19,496,133 |
Community Youth Services Olympia, WA | $10,345,989 | $14,281,765 |
Enterprise For Progress In The Community Yakima, WA | $3,604,189 | $12,673,117 |
Covenant House Alaska Anchorage, AK | $23,544,078 | $11,947,734 |
Ryther Seattle, WA | $21,851,804 | $11,079,938 |
Imagine Institute Tukwila, WA | $3,962,432 | $6,912,987 |
Childrens Home Society And Trust Foundation Seattle, WA | $22,292,785 | $5,268,781 |
Northwest Youth Service Bellingham, WA | $3,777,382 | $4,718,632 |
Northwest Resource Associates Seattle, WA | $1,254,768 | $4,071,854 |
Brigid Collins House Bellingham, WA | $4,990,529 | $3,822,799 |
Youthnet Mount Vernon, WA | $2,655,927 | $3,478,347 |
Tahoma Associates Tacoma, WA | $3,377,788 | $3,026,578 |