Newlife Homes Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 850406074 ✦ Albuquerque, NM ✦ Designated as a 501(c)(3)

Overview

What is Newlife Homes Inc?

Newlife Homes Inc, situated in Albuquerque, New Mexico, is a nonprofit organization dedicated to providing affordable housing for families and individuals who struggle with mental illnesses or have very low income. Their mission is to foster the development of various housing options for individuals with psychiatric disabilities and those of very low income. During the current year, they operate two housing facilities, offering a safe and supportive living environment for those in need. Their work is instrumental in promoting inclusive housing solutions and enhancing the quality of life for individuals facing these challenges.


Official website here: www.newlifehomesnm.com

Is Newlife Homes Inc legitimate?

Newlife Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newlife Homes Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $28,677
Professional Fundraising Fees: $0
Other Salaries and Wages: $59,246

For more financial information, click here


Official website here: www.newlifehomesnm.com

What is the mission statement of Newlife Homes Inc?

Newlife Homes Inc is committed to promoting the development of housing options for individuals with psychiatric disabilities and those with very low income. They engage in activities to create, develop, operate, or support various housing solutions for this group of people. The organization's primary mission is to provide low-income housing for families and individuals dealing with mental illnesses, operating two such facilities during the current year. In essence, Newlife Homes Inc aims to offer a supportive living environment for those in need, fostering their overall well-being and independence.


Official website here: www.newlifehomesnm.com

Who is the CEO of Newlife Homes Inc?

John Bloomfield is the Executive Director of Newlife Homes Inc.


Official website here: www.newlifehomesnm.com

What is the revenue of Newlife Homes Inc?

Newlife Homes Inc's revenue in 2023 was $572,791.


Official website here: www.newlifehomesnm.com

Who are the executives of Newlife Homes Inc and what are their salaries?

The average compensation at Newlife Homes Inc during 2023 was $87,923. There are 1 employees at Newlife Homes Inc.

Here are 6 key members and their salaries:

    John Bloomfield (Executive Director)
  • Compensation: $28,677
  • Related: $217,838
  • Other: $0

    • Russell Thompson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Will Reardon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chandra Doran (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Patricia Ray (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paul Van Gulick (President/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.newlifehomesnm.com

    Where can I find the form 990 for Newlife Homes Inc?

    The Newlife Homes Inc’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.newlifehomesnm.com

    Learn more at the official website: www.newlifehomesnm.com

    Mission Statement of Newlife Homes Inc

    Newlife Homes Inc is dedicated to promoting the growth of housing options for individuals struggling with psychiatric disabilities and those with very low income. In line with this purpose, the organization engages in various activities aimed at creating, developing, operating, or supporting suitable housing solutions for this specific population. At present, Newlife Homes Inc is actively operating two housing facilities, providing low-income housing for families and individuals dealing with mental illnesses.

    Impact

    This information is meant to be a general summary of Newlife Homes Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    Newlife Homes Inc's impact lies in providing essential low-income housing for families and individuals facing mental illnesses or very low income in Albuquerque, NM. By fostering the development of housing options tailored to persons with psychiatric disabilities and very low income, Newlife Homes Inc plays a crucial role in improving the quality of life for vulnerable populations in the community. Through its dedication to creating, developing, and supporting housing solutions, this organization contributes significantly to addressing the housing needs of those most in need, ultimately fostering a more inclusive and supportive environment for marginalized individuals and families.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $2,780
  • Program Service Revenue: $570,011
  • Gross Receipts: $572,791

    • Assets and Liabilities:
  • Total Assets: $7,405,647
  • Total Liabilities: $7,710,815
  • Net Assets: -$305,168
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTAL INCOME

    Revenue

    $531,946

    OTHER INCOME

    Revenue

    $38,129

    PARTNERSHIP LOSSES

    Revenue

    $-64

    Organization Details

    Founding Year

    1992

    Principal Officer

    John Bloomfield

    Main Address

    PO BOX 51055, ALBUQUERQUE, NM, 87181

    NTEE Category

    Code: Z99Z - Unknown

    If you are a representative of Newlife Homes Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.