New Life Village Inc
- Assets
- $7.5m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 7
- Location
- Tampa, FL
- Founding
- 06/2009
- Data as of
- 08/2022
- EIN
- 94-3454171
Organization Overview
New Life Village Inc is located in Tampa, FL. The organization was established in 2009. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 08/2022, New Life Village Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Life Village 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 08/2022, New Life Village Inc generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 36.7% each year . All expenses for the organization totaled $708.5k during the year ending 08/2022. While expenses have increased by 9.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
NEW LIFE VILLAGE PROVIDES A RESIDENTIAL COMMUNITY WHERE FAMILIES SEEKING PERMANENCY FOR CHILDREN IMPACTED BY FOSTER CARE OR TRAUMA CAN SEEK HEALING IN A SAFE AND STABLE INTERGENERATIONAL VILLAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOCATED IN TAMPA WHICH IS HEAVILY IMPACTED BY AFFORDABLE HOUSING, OPIOD AND FOSTER CARE CRISES, NLV IS AN INTENTIONAL, INTERGENERATIONAL COMMUNITY DESIGNED TO SUPPORT FAMILES RAISING ADOPTED, KINSHIP AND FOSTER CHILDREN, OFFERING THEM PROGRAM-RICH, BELOW MARKET HOUSING, AND ONSITE WRAP-AROUND SERVICES.SENIOR CITIZENS ALSO LIVE IN THE VILLAGE SERVING AS SURROGATE GRANDPARENTS, TUTORS AND MENTORS TO THESE CHILDREN. THE VILLAGE PROMOTES PERMANENCY, COMMUNITY AND CARING RELATIONSHIPS, WHILE OFFERING SAFETY AND MEANINGFUL PURPOSE WITH AN ONSITE WELLNESS, RESILIENCE AND CHARACTER DEVELOPMENT PROGRAM. IT IS AN ALTERNATIVE TO THE ISOLATION, TRAUMA AND ADVERSITY THAT TOO MANY FOSTER YOUTH, THEIR ADOPTIVE FAMILIES AND SENIORS ENDURE. OUR HOLISTIC COMMUNITY APPROACH LEVERAGES THE POWER OF PLACE, PERMANENCE, AND SHARED SOCIAL PURPOSE TO IMPROVE RESIDENTS' HOUSING STABILITY, ACCESS TO HEALTH RESOURCES, EDUCATIONAL ATTAINMENT AND COMMUNITY CONNECTION. THE VILLAGE EXISTS TO REDUCE THE NUMBER OF CHILDREN IN FOSTER CARE BY ENCOURAGING MORE FAMILIES TO ADOPT OR TO PREVENT CHILDREN FROM ENTERING FOSTER CARE. CURRENTLY, THERE ARE 110 RESIDENTS LIVING AT THE VILLAGE, WITH 66 CHILDREN AND 33 CAREGIVERS, INCLUDING 11 SUPPORTIVE SENIORS LIVING ONSITE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mariah Hayden Executive Director | Officer | 40 | $73,700 |
Joe Wessel Chairperson | OfficerTrustee | 3 | $0 |
Silvana Capaldi Vice-Chair | OfficerTrustee | 3 | $0 |
Frank J Pazdzinski III Treasurer | OfficerTrustee | 8 | $0 |
Vecelia Vee Johnson Secretary | OfficerTrustee | 3 | $0 |
Julie Farber Past Chairperson | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,702,951 |
| All other contributions, gifts, grants, and similar amounts not included above | $202,830 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,905,781 |
| Total Program Service Revenue | $358,787 |
| Investment income | $88 |
| 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 | $3,293,367 |
| 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. | $73,700 |
| Compensation of current officers, directors, key employees. | $14,740 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $127,514 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,865 |
| Payroll taxes | $17,377 |
| Fees for services: Management | $18,925 |
| Fees for services: Legal | $650 |
| Fees for services: Accounting | $15,655 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,094 |
| Office expenses | $44,477 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $229,414 |
| Travel | $2,314 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,985 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $81,054 |
| Insurance | $5,536 |
| All other expenses | $0 |
| Total functional expenses | $708,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $738,320 |
| Savings and temporary cash investments | $302,097 |
| Pledges and grants receivable | $495,173 |
| Accounts receivable, net | $3,628 |
| 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 | $232,372 |
| Net Land, buildings, and equipment | $2,227,702 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,477,777 |
| Total assets | $7,477,069 |
| Accounts payable and accrued expenses | $121,587 |
| Grants payable | $0 |
| Deferred revenue | $62,877 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $184,464 |
| Net assets without donor restrictions | $6,327,781 |
| Net assets with donor restrictions | $964,824 |
| 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 | $7,477,069 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that New Life Village Inc has recieved totaling $1,031,184.
| Awarding Organization | Amount |
|---|---|
Kimmins Terrier Foundation Inc Tampa, FL PURPOSE: RESIDENTIAL COMMUNITY FOR FOSTER CHILDREN AND THEIR FAMILIES | $500,000 |
Sbj Resch Family Foundation Inc Tampa, FL PURPOSE: GENERAL FUND | $260,500 |
L V Thompson Family Foundation Inc Tampa, FL PURPOSE: GENERAL OPERATIONS | $225,000 |
Tampa Bay Buccaneers Foundation Inc Tampa, FL PURPOSE: TO PROVIDE SUPPORT | $14,508 |
Florida Medical Clinic Foundation Of Caring Inc Zephyrhills, FL PURPOSE: GENERAL SUPPORT | $10,000 |
Peterson Family Foundation Inc Tampa, FL PURPOSE: OPERATING FUNDS | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St James Residence Of The Palm Beaches Inc West Palm Beach, FL | $94,288 | $38,104,096 |
Orlando Lutheran Towers Inc Orlando, FL | $80,032,894 | $34,936,633 |
Bonita Springs Retirement Village Inc Gainesville, FL | $109,847,615 | $18,938,390 |
Federation Gulfstream Housing Inc Boca Raton, FL | $0 | $28,667,255 |
Redstone Military Retirement Residence Association Huntsville, AL | $75,839,783 | $19,548,176 |
Concordia Of Florida Inc Tampa, FL | $31,059,059 | $25,497,159 |
St Andrews Residence Of The Diocese Of Southeast Florida Inc West Palm Beach, FL | $295,539 | $24,065,641 |
Lavender Mountain Senior Living Inc Mount Berry, GA | $141,195,331 | $5,176,789 |
Westminster Pines Inc Orlando, FL | $103,132,021 | $15,458,662 |
Skidaway Health And Living Services Inc Savannah, GA | $89,340,251 | $17,567,308 |
Palm Shores Retirement Community Inc Orlando, FL | $37,421,751 | $16,521,390 |
St George Village-Catholic Community Retirement Center Roswell, GA | $71,436,640 | $13,654,810 |