Project New Life
- Assets
- $903.6k
- Revenue
- $80.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlottesville, VA
- Founding
- Data as of
- 12/2023
- EIN
- 86-3366492
Organization Overview
Project New Life is located in Charlottesville, VA. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project New Life 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 12/2023, Project New Life generated $80.0k 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 (56.4%) each year. All expenses for the organization totaled $62.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE PRIVATE OPERATING FOUNDATION IS TO SUPPORT THE WELL BEING OF CHILDREN AND THEIR FAMILIES BY CREATING AND MAINTAINING WELCOMIMG LIVING SPACES AND OTHER RELATED SERVICES FOR FAMILIES WITH CHILDREN UNDERGOING MEDICAL TREATMENT REQUIRING PROXIMITY TO A HOSPITAL MEDICAL CENTER IN THE CHARLOTTESVILLE VIRGINIA METROPOLITAN AREA AT NO COST TO THEM. TO PROVIDE ENCOURAGEMENT, SAFETY, AND HOPE TO THESE CHILDREN AND THEIR FAMILIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joy Miller Director | 2 | $0 | |
Kelley Macdougall Vice Chair | 6 | $0 | |
Nancy Aetis Director | 2 | $0 | |
Natasha Lawler Chair | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $80,000 |
| 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 | $0 |
| Total Revenue | $80,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,426 |
| Depreciation | $14,552 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,775 |
| Total operating and administrative expenses | $62,197 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $62,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,794 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $866,771 |
| Other assets | $0 |
| Total assets | $903,565 |
| 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 | $0 |
| Total liabilities | $0 |