New Life House Of Faith Inc
- Assets
- $180.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Toledo, OH
- Founding
- 03/2017
- Data as of
- 12/2020
- EIN
- 81-5319997
Organization Overview
New Life House Of Faith Inc is located in Toledo, OH. The organization was established in 2017. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Life House Of Faith 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 12/2020, New Life House Of Faith Inc generated $84.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $66.0k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (14.1%) per year over the past 3 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 |
|---|---|---|---|
Jermain Mccallum Co Chairman | 40 | $36,000 | |
Rodney Wilburn Co Chairman | 2 | $0 | |
Helen Henderson Asst Secretary | 2 | $0 | |
Eugirtha Walker Recorder | 2 | $0 | |
Kathy Bester Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,129 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $64 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $84,193 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $37,750 |
| Professional fees and other payments to independent contractors | $10,866 |
| Occupancy, rent, utilities, and maintenance | $14,132 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,268 |
| Total expenses | $66,016 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $180,402 |
| Other assets | $0 |
| Total assets | $180,402 |
| Total liabilities | $162,225 |
| Net assets or fund balances | $18,177 |
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