A New Leaf Cottages Inc
- Assets
- $2.0m
- Revenue
- $220.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Mesa, AZ
- Founding
- 06/1996
- Data as of
- 06/2022
- EIN
- 86-0820084
Organization Overview
A New Leaf Cottages Inc is located in Mesa, AZ. The organization was established in 1996. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, 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. A New Leaf Cottages 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 06/2022, A New Leaf Cottages Inc generated $220.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $206.3k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOUSING ASSISTANCE TO LOW INCOME CLIENTS AND SERVICES TO SPECIAL NEEDS CLIENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A NEW LEAF COTTAGES, INC. IS THE DEVELOPER OF DESERT LEAF APARTMENTS (THE APARTMENTS). THE APARTMENTS ARE A 21-UNIT APARTMENT COMPLEX THAT INCLUDES ONSITE SUPPORTIVE SERVICES. NINETEEN OF THE UNITS WERE LEASED AND TWO UNITS WERE USED FOR COMMUNITY SERVICES AND DELIVERY SPACE. A NEW LEAF COTTAGES, INC. ALSO OWNS A HOME, CONTESSA, WHICH WAS LEASED AND IS AVAILABLE FOR SINGLE-FAMILY LIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Bennett-Perez Director | Trustee | 0.25 | $0 |
Betty Lynch Director | Trustee | 0.25 | $0 |
Elizabeth Hill Director | Trustee | 0.25 | $0 |
Christina Worden Director | Trustee | 0.25 | $0 |
Eric Matthias Director | Trustee | 0.25 | $0 |
Clark Richter Director | Trustee | 0.25 | $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 | $40 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40 |
| Total Program Service Revenue | $213,242 |
| Investment income | $1,056 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $220,102 |
| 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 | $27,256 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,386 |
| Payroll taxes | $2,157 |
| Fees for services: Management | $12,000 |
| Fees for services: Legal | $456 |
| Fees for services: Accounting | $11,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,614 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,581 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,704 |
| Insurance | $2,132 |
| All other expenses | $0 |
| Total functional expenses | $206,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,544 |
| Savings and temporary cash investments | $339,455 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5 |
| 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 | $748 |
| Net Land, buildings, and equipment | $1,428,717 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $88,636 |
| Total assets | $1,983,105 |
| Accounts payable and accrued expenses | $14,009 |
| 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 | $1,929,025 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,285 |
| Total liabilities | $1,949,319 |
| Net assets without donor restrictions | $33,786 |
| 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 | $1,983,105 |