Nlh 6 FY2021 filing

Tax-deductible

Farmington, NM501(c)(3)Since 2007HousingEIN 06-1830123Revenue $107K in FY2021

On file with the IRSnewlifehomesnm.com1816 E Mojave St, 87401-7425 · Farmington, NMTax-exempt since Jan 2008Publicly supported charity — 170(b)(1)(A)(vi)

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Establish, maintain, and operate a program to provide affordable housing for the disabled, indigent and underpriveleged.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $39K a year · 34% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.2M
134% of total assets
Concern: liabilities are 134% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$107K
Spent
$136K
To programs
90%
Net assets
−$311K
By yearFY2021–FY2025
Revenue
$107K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$107K
FY2022$106K
FY2023$115K
FY2024$116K
FY2025$123K
Expenses
$136K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$136K
FY2022$160K
FY2023$127K
FY2024$179K
FY2025$159K
Net assets
−$311K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021−$311K
FY2022−$365K
FY2023−$378K
FY2024−$420K
FY2025−$444K

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $123K Management & general 10% · $13K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Nlh 6 executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides affordable housing for disabled, indigent, and underprivileged individuals.

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Provided by the organization

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1 program · $123K · in their own filed words · FY2020
01

Housing project occupied by very low income and disabled persons and in compliance with regulatory agreement.

$123Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$107K
Ln 12
Fees for servicesLn 2g$107K
Investment incomeLn 3$4
Money outPt IX
$136K
Ln 25
Programscol B$123K
Managementcol C$13K
Owns and owesPt X
−$311K
net assets · Ln 32
Cash and savingsLn 1–2$10K
Total assetsLn 16$913K
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$107K
Investment incomeLn 3$4
Total revenueLn 12$107K
Assets in detailPt X, end of year
CashLn 1$10K
Cash and savings togetherLn 1–2$10K
Land, buildings, equipmentLn 10c$853K
Other assetsLn 15$49K
Total assetsLn 16$913K
LiabilitiesLn 26$1.2M
Net assetsLn 32−$311K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$17K$10K
Land, buildings, equipmentLn 10c$883K$853K
Total assetsLn 16$942K$913K
LiabilitiesLn 26$1.2M$1.2M
Net assetsLn 32−$282K−$311K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$24K$24K
Other employee benefitsLn 9$7K$7K
Payroll taxesLn 10$3K$3K
Management feesLn 11a$6K$6K
Accounting feesLn 11c$6K$6K
Advertising and promotionLn 12$380$380
Office expensesLn 13$5K$5K
OccupancyLn 16$53K$53K
Conferences, conventions and meetingsLn 19$633$633
Depreciation, depletion and amortizationLn 22$30K$30K
Other expenses (24a–d)Ln 24$632$632
Total functional expensesLn 25$136K$123K$13K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $123K$159K−$37K−$444K 990 PDF
FY2024 $116K$179K−$62K−$420K 990 PDF
FY2023 $115K$127K−$12K−$378K 990 PDF
FY2022 $106K$160K−$54K−$365K 990 PDF
FY2021 Viewing $107K$136K−$29K−$311K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $106,902 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $104,356$106,898
I-10 Investment incomePrior year $30$4
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $104,386$106,902
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $19,699$34,125
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $103,922$102,015
I-18 Total expensesPrior year $123,621$136,140
I-19 Revenue less expensesPrior year −$19,235−$29,238
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $106,902 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $106,898$106,898
VIII-3 Investment incomeRelated to mission $4$4
VIII-12 Total revenueRelated to mission $106,902 · Unrelated business $0 · Excluded from tax $0$106,902
Part IX · Statement of functional expenses $136,140 across 11 lines filed
IX-7 Other salaries and wagesPrograms $24,103$24,103
IX-9 Other employee benefitsPrograms $6,790$6,790
IX-10 Payroll taxesPrograms $3,232$3,232
IX-11a Management feesManagement $6,176$6,176
IX-11c Accounting feesManagement $6,364$6,364
IX-12 Advertising and promotionPrograms $380$380
IX-13 Office expensesPrograms $4,587$4,587
IX-16 OccupancyPrograms $52,781$52,781
IX-19 Conferences, conventions and meetingsManagement $633$633
IX-22 Depreciation, depletion and amortizationPrograms $30,462$30,462
IX-24 Other expenses (24a–d)Programs $632$632
IX-25 Total functional expensesPrograms $122,967 · Management $13,173 · Fundraising $0$136,140
Part X · Balance sheet $913,426 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $16,920$10,391
X-4 Accounts receivableStart of year $919$782
X-10c Land, buildings and equipment, netStart of year $883,409$852,947
X-15 Other assetsStart of year $40,536$49,306
X-16 Total assetsStart of year $941,784$913,426
X-17 Accounts payable and accrued expensesStart of year $3,529$4,149
X-19 Deferred revenueStart of year $56$109
X-25 Other liabilitiesStart of year $1,220,460$1,220,667
X-26 Total liabilitiesStart of year $1,224,045$1,224,925
X-27 Net assets without donor restrictionsStart of year −$282,261−$311,499
X-32 Total net assets or fund balancesStart of year −$282,261−$311,499
X-33 Total liabilities and net assetsStart of year $941,784$913,426
Part XI · Reconciliation of net assets −$311,499 net assets at year end
XI-1 Total revenue$106,902
XI-2 Total expenses$136,140
XI-3 Revenue less expenses−$29,238
XI-4 Net assets at start of year−$282,261
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$311,499

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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